MIRA
INFORM REPORT
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Report Date : |
28.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
JIWANRAM SHEODUTTRAI INDUSTRIES PRIVATE LIMITED |
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Registered Office : |
30, D Block, Chowringhee Mansion, Jawaharlal Nehru Road,
Kolkata-700016, 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 : |
23.09.1997 |
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Com. Reg. No.: |
21-85533 |
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CIN No.: [Company
Identification No.] |
U17111WB1997PTC085533 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALJ01655D |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturer and Exporter of Industrial leather, Gloves, Garments,
Textile Garments, Leather Wallet/ Bags, Artificial Graphics and chemicals. |
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 280000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established company having satisfactory track records. Trade relations are fair.
General financial position is satisfactory. Payments are usually correct and
as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Dutto |
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Designation : |
Typist |
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Date : |
26.06.2008 |
LOCATIONS
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Registered Office : |
30, D Block, Chowringhee Mansion, Jawaharlal Nehru Road,
Kolkata-700016, West Bengal, India |
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Tel. No.: |
91-33-22496507
/ 22498566 / 22499586 / 22292240 |
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Fax No.: |
91-33-22499511 |
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E-Mail : |
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Website : |
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Area : |
1600 sq. ft. |
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Location : |
Leased |
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Factory : |
Taratolla Road,
Kolkata |
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Branches : |
Located at :
Bangalore, Chennai |
DIRECTORS
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Name : |
Mr. Alok Prakash |
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Designation : |
Director |
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Address : |
Flat 23, Block D,30, Jawaharlal Nehru Road, Kolkata-700016, West
Bengal, India |
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Date of Birth/Age : |
03.04.1961 |
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Date of Appointment : |
28.11.1997 |
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Name : |
Mr. Pankaj Poddar |
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Designation : |
Director |
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Address : |
21/1A, Shyamananda Road, Kolkata-700025, West Bengal, India |
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Date of Birth/Age : |
01.05.1972 |
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Date of Appointment : |
04.07.2005 |
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Name : |
Mr. Chetan Prakash |
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Designation : |
Director |
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Address : |
109/ 8A, Hazra Road, Kolkata-700026, West Bengal, India |
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Date of Birth/Age : |
13.01.1985 |
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Date of Appointment : |
04.07.2005 |
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Name : |
Mr. Vimal Prakash |
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Designation : |
Director |
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Address : |
109/8S Hazra Road, Kolkata-700026, West Bengal, India |
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Date of Birth/Age : |
20.10.1951 |
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Date of Appointment : |
09.08.2006 |
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Other Directorship : |
Minicraft Enterprise Private Limited U7010WB1991PTC051885 Nilachal Refractories Limited U269390R1977PLC000735 |
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Name : |
Mr. Kailash Pati Poddar |
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Designation : |
Director |
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Address : |
92, Dr. Sundari Mohan Avenue, Kolkata-700014, West Bengal, India |
KEY EXECUTIVES
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Name : |
Mr. Dutto |
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Designation : |
Typist |
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Name : |
Ashok Kumar Dagga |
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Designation : |
Company Secretary |
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Address : |
56, M C Garden Road, Dum Dum, Kolkata-700030 |
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Tel No. : |
91-33-32916865 |
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Mobile No. : |
91-9831036425 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 28.09.2005
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Names of Shareholders |
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No. of Shares |
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Vimal Prakash |
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69900 |
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Mandhu Agarwal |
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17500 |
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Kamal Prakash |
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70000 |
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Anubhuti Prakash |
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17500 |
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Alok Prakash |
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70000 |
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Anupam Prakash |
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17500 |
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Raj Agarwal |
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70000 |
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Pankaj Poddar |
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17500 |
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Kailash Pati Poddar |
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350 |
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Chetan Prakash |
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100 |
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Total |
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350350 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2007
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Category |
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Percentage |
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Directors or relatives of directors |
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94.91 |
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Other top fifty (50) shareholders (other than Listed above) |
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5.09 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Industrial leather, Gloves, Garments, Textile
Garments, Leather Wallet/ Bags, Artificial Graphics and chemicals. |
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Products : |
Combination Overalls Overalls Hospital Aprons & Pyjama
1.
40 / 60 Polyester Short Jackets 1.
100% Cotton Long Jackets 1.
100% Cotton Short Jacket & Trouser 1.
100% Cotton Bib Braces 1.
100% Cotton Denim Jacket & Jeans
1.
Denim – 12.05 oz Sweat Shirt 1.
100% Cotton Cargo Shorts Cotton Shirts [Regulars] 1.
100% Cotton & Blends Double Jersey 1.
100% Cotton & Blends Hawaiian & Jump Trouser 1.
100% Cotton & Blends Article No. D12224 1.Yellow
cow grain WELDER JACKET (26” & 30”) 1.
Made in Side Split Cowhide BIB APPRON 1.
Economical Chest to Knee protection Trishul 1.
100% Polyester Gents Wallet Product
No: 010503 Description : |
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Brand Names : |
“JIWAN”. |
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Agencies Held : |
Ř
KMD
Humbolt Wedag, Germany Ř
OMG
Cerutti, Italy + many others |
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Exports : |
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Products : |
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Countries : |
Ř Germany Ř Australia Ř Hong Kong Ř Spain Ř France Ř Australia |
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Terms : |
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Selling : |
L/c and Credit
(30 days) |
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Purchasing : |
L/c and Credit
(30 days) |
GENERAL
INFORMATION
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Suppliers : |
Ř Cargoplan
International India Private Limited Ř Apollo
Protective Leather Wear House Ř Kartic Saha Ř Frontier Garment
Company Ř Exel India
Private Limited Ř S S
International Ř Bhowmick Tannery
Mach. Manufacturing Company Private Limited Ř Alok Industries Limited Ř Coretouch
Enterprises Private Limited Ř India Industrial
Garment Machines Private Limited Ř Harman Leather
Machines Ř Finotex
Incorporation Ř Loyal Textile
Mills Limited Ř Oxford Tanners Ř New Federation
Hide Company Ř Rana Tanners and
Exporters Ř Vishal Fabrics Private
Limited |
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Customers : |
Ř Nahka Alen Immo
Oy, Finland Ř Midera NV,
Belgium Ř Klotz Technics
GmbH, Germany Ř J Blackwood and
Son Limited, Australia Ř Protective
Industrial Product Incorporation, Hong Kong Ř Ptoin Pinilla
SI, Spain Ř Cepovett SA,
France Ř Hase GmbH,
Germany Ř Protector
Alsafe, Australia Ř Adeepi Aie,
Spain Ř Biacci
Incorporation, USA Ř Daycar SA, Spain Ř
Bharat
Aluminium Company Limited Ř
Hindalco
Industries Limited Ř
Hindustan
Cables Limited Ř
Manikchand
Packaging Ř
National
Aluminium Company Limited Ř Steel Authority of India
Limited |
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No. of Employees : |
50 |
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Bankers : |
Ř Canara Bank,
Overseas Branch, 2/1, Russel Street, Kolkata-700071, West Bengal, India Ř Dena Bank Ř HDFC Bank
Limited Ř State Bank of
India Ř United Bank of
India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Rajesh Kumar Shah and Associates Chartered Accountant |
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Address : |
P-3, Madan Chatterjee Lane, Kolkata-700007, India |
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Associates/Subsidiaries : |
Ř Minicraft Enterprise
Private Limited Ř Unimark
International Private Limited Ř JS Creations
Private Limited Ř
Jiwanram
Sheoduttrai Industries Private Limited Ř
Jiwanram
Sheoduttrai Private Limited Ř Minicraft International |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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350350 |
Equity Shares |
Rs. 10/-
each |
Rs. 3.503
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 |
3.503 |
3.503 |
3.503 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
54.355 |
52.373 |
48.712 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
57.858 |
55.876 |
52.215 |
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LOAN FUNDS |
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1] Secured Loans |
161.035 |
128.461 |
92.717 |
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2] Unsecured Loans |
56.199 |
78.996 |
60.417 |
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TOTAL BORROWING |
217.234 |
207.457 |
153.134 |
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DEFERRED TAX LIABILITIES |
1.123 |
1.164 |
1.857 |
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TOTAL |
276.215 |
264.497 |
207.206 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
32.459 |
32.069 |
33.546 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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 |
173.035
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197.680 |
145.957 |
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Sundry Debtors |
105.511
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94.078 |
69.482 |
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Cash & Bank Balances |
1.132
|
1.048 |
2.256 |
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Other Current Assets |
84.250
|
49.935 |
32.011 |
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Loans & Advances |
8.660
|
10.341 |
12.165 |
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Total
Current Assets |
372.588
|
353.082 |
261.871 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
125.105
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117.212 |
82.779 |
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Provisions |
3.727
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3.442 |
5.432 |
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Total
Current Liabilities |
128.832
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120.654 |
88.211 |
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Net Current Assets |
243.756
|
232.428 |
173.660 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
276.215 |
264.497 |
207.206 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt Equity Ratio (Total Liability/Networth) |
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5.98
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5.87 |
4.62 |
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Current Ratio (Current Asset/Current Liability) |
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2.89
|
2.93 |
2.97 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges Report
as per Registry
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Name of the company |
JIWANRAM SHEODUTTRAI INDUSTRIES PRIVATE LIMITED |
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Presented By |
Canara Bank, Overseas Branch, 2/1, Russel Street, Kolkata-700071, West
Bengal, Indi |
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1) Date and description of instrument creating the change |
Hypothecation
Agreement for Packing Credit Advances Dated 31.08.2000 Agreement for
Hypothecation of Book Debts dated 31.08.2000 Supplemental
Agreement for taking stock as security for all fund based and non fund based
limits dated 31.08.2000 All the above
agreement executed by M/S Jiwanram Sheodul trai Industries Private Limited
(The Borrower) in Favour of Canara Bank Overseas Branch 2/1, Russel, St.
Calcutta – 700071 Subsequently
Modified on 05.11.2001 for Rs. 64.000 Millions 09.01.2002 for Rs. 67.500
Millions and 24.01.2002 for Rs. 77.500 Millions and registered on 05.03.2002
and modified on 28.03.2003 for Rs. 80.000 Millions and Registered on
23.05.2003 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Overall Limit Rs.
62.500 Millions Nature of Facility : Packing Credit –
Rs. 20.000 Millions FBD / FBE – Rs.
40.000 FBG – Rs. 2.500
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 |
The Borrower
hereby hypothecates to the Bank. Goods meant for export which is kept in
party’s premises and godown: The Borrower do
hereby hypothecation and charge to the bank by way of first charge all the
book debts, outstanding moneys, receivables, claims and bills which are now
due and owing or which may at anytime hereafter during continuance of this
security become due and owing to the Borrower in the course of its business
by any person, firm, company or by the Government or any or local body or
authority (ll of which hereinafter collectively referred to as the “said
debs”) as security. The Borrower
hereby hypothecates to the Bank Plant and Machinery at their factory premises
at Ganganagar, Phalguni Mar Zulianday School 24 Pages (noth) and palm
Industrial Estate, Mar Mukherjee Gate Gangarampur Road, Rajpur 24 pages
(South) details as per Annexure. By this Agreement
in consideration of the Bank having at the request of the Borrower granted/
agreed to grant the credit facilities under FDB/ FBE/ FBG etc. limits uptp
Rs. 62.500 Millions only inclusive of pc limits, the Borrower agreed that the
security of the said assets created by the Principal Agreement dated 31.08.2000
w.e.f. date hereof consititute security for the total credit facility of Rs.
62.500 Millions |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The Borrower
hereby agrees to pay interest @10% compounded quarterly for the concessionals
period of 90 days. In case of loans
granted against such entitlements is not rapid within the period specified
above the borrower shall pay interest @13.25% p.a. compounded quarterly. In case of overdraft/
cash credit advances @16.25% p.a. compounded quarterly. |
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5) Name and Address and description of the person entitled to the charge. |
Canara Bank,
Overseas Branch, 3/1, Russel Street, Kolkata-700071, West Bengal, India |
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6) Date and brief description of instrument modifying the charge |
Supplemental
Agreement Dated 23.08.2005 (Pc Limit) Supplemental
Agreement Dated 23.06.2005 (FDB/ FBF) Supplemental
Agreement for taking stock as security for all fund based and non-fund based
limits dated 23.06.2005 Hypothecation
Agreement of goods and book debts (For DALC/ DPG/
Guarantee) (FCL/ICL {Da/DP} ) dated 23.08.2005 Master Agreement
for rupee advance against Export Bills Dated 23.08.2005 Counter Indemnity
Dated 23.08.2005 Supplemental Collaterai
Security Agreement Dated 23.08.2005 Deposit of title
deeds dated 23.08.2005 |
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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. |
By this
modification, at the request of the Borrower the Bank has sanctioned the PC
limit from Rs. 30.000 Millions to Rs. 75.000 Millions Interest 7.5%
p.a. By this agreement
at the request of Borrower the Bank has sanctioned Letter of Credit limit Rs.
10.000 Millions The Borrower
hereby hypothecates all the goods and commodities purchased, acquired,
received under the said credit facilities particulars whereof will be
furnished from time to time briefly described in the Schedule i.e. raw materials,
stores, utensils and spares now lying or hereinafter, stored at the godowns,
yards and premises Rangangar, phulgunj District 24 pages (N) and palan
Industrial Estate, Gangarampur Road District 24 pgs (S) or lying at any other
place or wheresoever. All the book
debts, outstanding moneys, receivables, claims and bills arising our of the
slaes, disposal of the goods received under the said credit facilities which
are now due and owing and which may at any times during the continuance of
this security becomes due and owing to the borrower in the course of its
business by any person, firm, company, or by the Government or any local body
or authority. (all of which are hereafter referred to as “Book Debts”) The Borrower
shall interest @16.25% p.a. including the penal interest. By this
modification, the Borrower hereby hypothecates and charge in favour of the
Bank the various movable assets as per list attached stored at Plant Machinery
at their factory premises at Ganganagar Phalguni (24 Pgs North) and Palan
Industrial Estate, Near Mukherjee Gate, Gangarampur, Rajpur 24 Pgs (S) for
the tune of Rs. 112.500 Millions On 23.08.2005 M/S
Jiwanram Sheodutrai Industries Private Limited (The Borrower) deposited the
title deeds in respect of their immovable properties i.e. Factory land and
Building situated at Baruipur Mouza – Ramnagar District 24 Pgs (S) under J L
No. 97 R.S. 182 P.S. : Barujapur with the Canara Bank Overseas Branch 2/1,
Russel Street Kolkata-71 by way of Equitable Mortgage by way of simple
Deposit of Title Deeds to secure the various credit facilities sanctioned by
the bank to the tune of Rs. 122.500 Millions to the Borrower. So by this
modification the overall limits is being increased fromk Rs. 80.000 Millions
to Rs. 122.500 Millions The Limits are as
under Rs in Millions
Other terms and
conditions save as modified by these presents remain in full force. |
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This form is for |
Modification of
charge |
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Charge
identification number of the modified
|
9024806 |
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Corporate identity
number of the company |
U17111WB1997PTC085533 |
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Name of the
company |
JIWANRAM SHEODUTTRAI INDUSTRIES PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
30, D Block, Chowringhee Mansion, Jawaharlal Nehru Road,
Kolkata-700016, West Bengal, India |
|
Type of charge |
Book Debts Movable Property Floating Charge Immovable
Property |
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Particular of
charge holder |
Canara Bank, Overseas Branch, 2/1, Russel Street, Kolkata-700071, West
Bengal, India |
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Nature of
description of the instrument creating or modifying the charge |
|
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Date of
instrument Creating the charge |
05.02.2007 |
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Amount secured by
the charge |
Rs. 155.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest on adhoc
PC limit of Rs. 10.000 Millions @9.25% per annum with monthly rests. Terms of Repayment Repayable on
demand Margin Om Adhoc PC :15% Extent and Operation of the charge Hypothecation by
way of first charge in favour of the Bank all the Borrower’s present and
future stocks of raw materials, stocks, in process and finished goods, book
debts as prime security and plant and machinery and other movables and
equitable mortgage of factory landl and building situated at uttarbhag,
Mouza-Ramnagar, P.S. Baruipur District 24 Parganas (South) as collateral
security to the extent of Rs. 15.500 Millions Others Other terms and
conditions remain unchanged as per original charge and subsequent
modification thereto |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge in favour of the Bank all the Borrower’s stock of raw
materials, stock in process, finished and manufactured goods and articles
such as industrial leather gloves and garments, plant and machinery located
at the Borroer’s factory/ godown and /or other premises at Ganganagar Pkhugri
24pgns (N) or wherever else and all the present and future book debts of the
borrower and Equitable mortgage of landed property located at Uttarbagh.
Mouza Ramnagar, P.S. Baruipur, District 24 pgns(S) |
|
Date of latest
modification prior to the present modification |
18.11.2006 |
|
Particulars of
the present modification |
By this
modification an adhoc limit by way of PC for Rs. 10.000 Millions was granted to
the borrower by the bank in view of the above modification the overall limit
comprising of PC/DFP/FBG now stands enhanced from Rs. 145.000 Millions to Rs.
155.000 Millions Other terms and conditions remain unchanged. |
AS PER WEBSITE
Profile:
In the field of manufacture and export of Work, Safety and Casualwear
subject has made a mark in the global scenario for QUALITY, VALUE ADDITION and
KEEPING THE COMMITMENTS.
Subject is the manufacturing wing of The Jiwanram Sheoduttrai Group, a
company that started its business operations way back in the year 1900 and
today is a globally recognized name for its business activities in the fields
of Aluminium, Iron and Steel, Optical Fibre and Optoelectronics, Power, Air
Pollution Control System and Pneumatic Handling system, Aerospace,
Printing-Converting and Packaging, Industrial Furnaces and a number of other
products. Naturally the Knowledge and experience gained from all these fields
over a period of more than a hundred years are effectively translated into the
operations of the Group's manufacturing wing - JSIPL.
Subject, is a basically a private brand manufacturer whose strength lies
in global sourcing of materials and capability to do any kind of production run
from small to large. All JSIPL products are end-results of quality, competence
and consistency. Both with forward and backward integration the company has
total control from rawhide / yarn selection to final production. JSIPL is the
only company in eastern India to have Enterprise Resource Planning (ERP) system
which provides the users with real time information on the operation processing
from the enquiry to the shipment stage.
In the field of Work & Safetywear Subject products have now been
recognized in Europe, North America and Australia as one of the finest in their
category. They continuously strive to improve wearer comfort, appearance and
durability to match specific protection requirements.
Subject is now pioneer in Indian innovating multi-functional safetywear
to conform to the AUS/NZ, ASTM, ANSI, NFPA, EN and IS norms that globally
standardize the multi - protective capability garments. As a result of their
dynamic global network with the specialized textile mills and leather
processing units, they are equipped to create effective multiple levels of
protection based on wide range of safetywear fabrics and leathers to guard
against such industrial and occupational hazards as fire, Static build up,
chemical splash, low visibility, water, oil, dust etc. In the field of manufacture
of gloves JSIPL has very effectively combined craftsmanship and consistency.
Their products in these fields are tested against abrasion, blade cut, tear and
puncture. Almost all of their European customers have got their CE Cat II and
above approval using their products.
The present subject manufacturing and quality control system is designed
in accordance with ISO Quality Management System and is duly certified by BSI,
UK.
Today, the subject products are sold in 19 countries.
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] 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.42.79 |
|
UK Pound |
1 |
Rs.85.04 |
|
Euro |
1 |
Rs.67.34 |
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 |
8 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
|