MIRA
INFORM REPORT
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Report Date : |
15.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
TWENTY FIRST CENTURY OFFICES PRIVATE LIMITED |
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Registered Office : |
No. 51/2,Chikka Begur Gate, 7th Mile, Hosur Road, Bangalore-560068, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
26.03.1998 |
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Com. Reg. No.: |
08-23543 |
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CIN No.: [Company
Identification No.] |
U30007KA1998PTC023543 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers, Importers, Exporters and Traders of all types of computer hard ware, data processing products, work stations, accessories, peripherals etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 200000 |
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Status : |
Satisfactory |
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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. Directors are reported as experienced, respectable and resourceful businessmen. Their trade relations are fair. Payments are usually correct and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office/Factory : |
No. 51/2,Chikka Begur Gate, 7th Mile, Hosur Road, Bangalore-560068, Karnataka, India |
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Tel. No.: |
91-80-51100789, 5731555 |
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Fax No.: |
91-80-51100367/ 9, 5734889 |
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E-Mail : |
tco@vsnl.com / tco@touchtelindia.net / shanthakumar@tcoindia.com |
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Website : |
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Corporate Office: |
18/A, 9th Main, 17 Cross Opposite, SBM , Sector 7, HSR Layout, Bangalore – 560 034, Karnataka, India |
DIRECTORS
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Name : |
Mr. Amar Kumar B G |
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Designation : |
Director |
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Address : |
207, 49th Cross, 9th Main, 8th Sector, HSR Layout, Bangalore-560034, Karnataka, India |
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Date of Birth/Age : |
31st January, 1967 |
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Date of Appointment : |
26th March 1998 |
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Name : |
Mr. Srinivasa Rao V |
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Designation : |
Director |
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Address : |
26, Jakkasandra, Koramangala Extn., Bangalore-560034, Karnataka, India |
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Date of Birth/Age : |
19th July 1961 |
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Date of Appointment : |
26th March 1998 |
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Name : |
Pushpa H Soni |
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Designation : |
Director |
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Address : |
58, B V K Iyengar Road, Bangalore-560053, Karnataka, India |
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Date of Birth/Age : |
23rd September, 1949 |
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Date of Appointment : |
17th August, 1998 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders (as on 31.03.2007):- |
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No. of Shares |
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Mr. Amarkumar B G |
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16667 |
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Mr. Srinivasa Rao Vandanapu |
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16667 |
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Mrs. Pushpa Hasmukh Son |
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16666 |
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Total
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50000 |
Equity Shares 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 relative of directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Importers, Exporters and Traderss of all types of computer hard ware, data processing products, work stations, accessories, peripherals etc. |
GENERAL
INFORMATION
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Customers : |
· ADC Communication · Aditi Technologies Private Limited · Athena Infotech Limited. · Airtel · BFL Software Limited. · Bharat Electronics Limited. · BITS · Capital Deals · Central Manufacturing Technology Institute · CG-Corel Programming Solutions Private Limited · Climnet Systems (I) Private Limited · Core Objects India Private Limited · Cranes Software International (Private Limited. · Credence Communications · Cymfony Net Private Limited · Dasari Building Private Limited. · Dexcel Electronics Designs Private Limited. · Deloitte Consulting India Private Limited Hyderabad · Divinet Access Technologies Private Limited · DSQ Software Private Limited · DSQ Biotech Limited · EBiz Global Corp Private Limited · E-Shrusti Technologies · Feedback Marketing Services Private Limited Bangalore · Feedback Marketing Services Private Limited Mumbai · GE -BE Limited. · GE Medical System X-ray. · Grassroots System Private Limited. · Healthasys Private Limited . · Hewlett-Packard India Limited. · Hiten Fasteners · Honeywell India Software Operation Private Limited. · Huaweli Technologies India Private Limited. · IIHT · Infinite Computer Solutions India Private Limited. · Infoglobal (India) Private Limited · Infoyug com Private Limited · Insight Technologies Private Limited. · Ionic Microsystem Private Limited. · Iqura Technologies Private Limited · IT Accounts · Jubilant Biosys Private Limited. · Karnataka Housing Board · Kernel Tech · Kasdee System (India) Private Limited. · Kshitija Soft Private Limited. · Les Concierges · Lucent Technologies · M.N Rama Rao and Co- Smartedge Infotech · Macmillan India Limited.(Information Processing Division) · Macmillan India Limited.(E-Business Division) · K.Mohan and Company(Exporters) · Mantra Boardband Private Limited. · Monster India .com · MTR Foods Limited. · Natsem India Designs Private Limited · Network Solutions(Bangalore) Private Limited. · Plexion Technologies(Ind) Private Limited. · Primark India Private Limited. · Raffles Software Private Limited · Renaissance Design Consultants(GE BHEL Turbine Power Limited .) · Hyderabad · Robert Bosch India Limited. · Samsung SDS COMPANY Private Limited · Sanware Storage Solutions Private Limited. · Satyam GE Software Services Limited. Hyderabad · Software System Re-Engneering(India) Private Limited. · Swiss Re Shared Services (India) Private Limited. · Synplicity Software India Private Limited. · Syntax Soft-Tech (India) Private Limited. · The Karnataka State Cricket Association · Vaishali Leasing Private Limited.(INTEL Bangalore Office) · Vanenberg IT Park Private Limited. Hyderabad · Vega Information System Private Limited. · Vikram Associates · Vinciti Networks Private Limited. · Way2Wealth Brokers Private Limited. · Wipro GE · Woodrose - Himalaya Drug Company · Zapapp.com India Private Limited. · Zed Infotech (India) Private Limited |
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Bankers : |
· Corporation Bank, 114 M G Road, Bangalore-560001, Karnataka, India · State Bank of India Address: Industrial Finance Branch, Residency Road, Bangalore – 560 025, Karnataka, India · Citi Bank · ICICI Bank · Centurion Bank of Punjab limited No. 17 Cunningham Road, Bangalore – 560 052, Karnataka,
India |
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Banking Relations
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Satisfactory |
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Auditors : |
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Name: |
Raghavan, Chudhuri and Narayanan Chartered Accountants |
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Address: |
#27, Sri Venkateshwara Krupa, 1st Main Road, Vyalikaval, Bangalore-560001, Karnataka, India |
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Tel. No.: |
91-80-23361030 |
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Associates/Subsidiaries : |
a) Mobile Pedestal : Two options available in terms of
material used. CRCA:
1 to 1.2mm thickness treated through seven tank process formed by using CNC
controlled turret press machine for high level of accuracy. Drawer assembly
consists of 3 drawers. The first and second are 100mm height approximately
and the mounted on caster wheels with brakes. The width and depth of drawer
assembly are 400mm. The overall height is approximately 675mm from ground level.
The standard colors for this grey and Black ii)
Regular mobile pedestal made of wood, made of any standard design available
in Market will be manufactured by us. b) Open bookshelf with book stay, choice of CRCA / wood is available. Metal Keyboard tray without mousepad. Imported plastic Keyboard tray without mousepad. Imported plastic Keyboard with mousepad. Articulated Keyboard tray. d) Flipper top / up and over / overhead lockable storage : This
is made of CRCA Material taken through seven-tank process and powder coated.
Standard widths are 2 and 3' usable height is designed to allow box files to
be stored vertically. e) Acessory bar : Aluminium extruded acessory bar is
available which is chromotised powder coated. This has provision for cup
holder, telephone stand, paper file holder and other small stationary items
regularly used in offices. |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.000 |
0.900 |
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2] Share Application Money |
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5.481 |
3.944 |
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3] Reserves & Surplus |
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29.898 |
16.803 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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40.379 |
21.647 |
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LOAN FUNDS |
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1] Secured Loans |
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79.486 |
39.646 |
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2] Unsecured Loans |
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7.574 |
7.372 |
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TOTAL BORROWING |
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87.060 |
47.018 |
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DEFERRED TAX LIABILITIES |
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0.808 |
0.629 |
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TOTAL |
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128.247 |
69.294 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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20.657 |
8.843 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.050 |
0.050 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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62.634 |
38.957 |
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Sundry Debtors |
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97.180 |
47.582 |
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Cash & Bank Balances |
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1.984 |
0.002 |
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Other Current Assets |
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3.332 |
1.802 |
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Loans & Advances |
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7.291 |
5.822 |
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Total
Current Assets |
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172.421 |
94.165 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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64.025 |
30.097 |
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Provisions |
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0.859 |
4.871 |
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Total
Current Liabilities |
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64.884 |
34.968 |
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Net Current Assets |
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107.537 |
59.197 |
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MISCELLANEOUS EXPENSES |
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0.003 |
1.204 |
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TOTAL |
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128.247 |
69.294 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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273.562 |
251.742 |
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Other Income |
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5.665 |
2.115 |
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Total Income |
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279.227 |
253.857 |
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Profit/(Loss) Before Tax |
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15.903 |
16.083 |
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Provision for Taxation |
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2.807 |
5.023 |
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Profit/(Loss) After Tax |
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13.096 |
11.060 |
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Expenditures : |
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Financial
Charges |
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9.153 |
4.753 |
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Depreciation & Amortization |
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1.674 |
1.372 |
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Other Expenditure |
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241.670 |
225.524 |
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Total Expenditure |
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252.497 |
231.649 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total
Income |
(%) |
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4.69 |
4.34 |
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Net Profit Margin (PBT/Sales) |
(%) |
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5.81 |
6.38 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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8.23 |
15.61 |
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Return on Investment (ROI) (PBT/Networth) |
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0.39 |
0.74 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.76 |
3.78 |
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Current Ratio (Current Asset/Current Liability) |
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2.66 |
2.69 |
LOCAL AGENCY
FURTHER INFORMATION
FIXED ASSETS:
· Computer,
· Furniture and Fixture,
· Tools,
· Moulds and
· Vehicles
FORM 8:-
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Corporation identity number or foreign company registrations number of
the company |
U30007KA1998PTC023543 |
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Name of the company |
TWENTY FIRST CENTURY OFFICES PRIVATE LIMITED |
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Address |
No. 51/2,Chikka Begur Gate, 7th Mile, Hosur Road, Bangalore-560068, Karnataka, India |
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This Form is for |
Creation of Charge |
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Type of Charges |
· Simple Mortgage · Anomalous Mortgage · English Mortgage · Hypothecation · Others · Mortgage of conditional sale · Usufructuary Mortgage · Equitable mortgage of property by depositing the title deeds. |
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Particular of the charge holder
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State Bank of India Address: Industrial Finance Branch,
Residency Road, Bangalore – 560 025, Karnataka, India |
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Nature or description of the instrument creating charge |
Agreement for hypothecation of goods and
assets Letter regarding the granting of
individual limits within the overall
limit (both the above pertain to the same
charge) |
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Date of the instrument creating charge |
21.02.2006 |
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Amount Secure by the charge |
Rs. 156.000 millions (CC hypothecation of stocks and receivable Rs.
100.000 millions (IBD – Rs. 20.000 millions and EPC – Rs. 20.000 millions
Crores sub limit of CC ), TL – Rs. 13.000 millions LC – Rs. 20.000 millions ,
BG – Rs. 5.000 millions and one time LC (CG) – Rs. 18.000 millions) |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Interest: CC / TL At SBAR 10.25% per annum with periodical rests and /
or at such rates and rests as may be advised by the bank from time to time.
EPC -7.1% per annum with periodical rests. Margin: 25% on RM/FG/ Book debts /
Rec, 15 % on LC / BG, 50% on stores and spares and 100% on SIP Repayment: CC
– On Demand. TL -30 monthly installments. first commencing from 31.10.2006 |
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Description of the property charge whether it is a charge on |
· Immovable properties · Plant and machinery · Furnitures and fixtures · Vehicles · Intangible assets · Others · Fixed deposits · Shares and debentures · Stock in trade · Uncalled share capital |
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Particulars of the Property charged
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Hypothecation of all present and future goods, book debts and all
other movable assets of the borrower including documents of title to goods,
outstanding monies, receivables including
receivables by way of cash assistance and / or cash incentives under
the cash incentives scheme or any other scheme, claims, including claims by
way of refund of customs / excise duties under the duty draw bank credit
scheme or any other scheme , Bills Invoices, Documents, contracts, Insurance
Policies, guarantee , engagement’s securities, Investments , Rights and
hypothecation of the present Machinery listed in the schedule hereunto and all future machinery belonging to
or in the possession or under the control of the borrower wherever lying,
stored and kept and whether in possession of the borrower of the bank or of
any third party whether in possession of the borrower out of the world
including all such goods , other movables asset as may be in the course of
shipment, transit, or delivery , by way of the first charge. |
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Corporation identity number or foreign company registrations number of
the company |
U30007KA1998PTC023543 |
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Name of the company |
TWENTY FIRST CENTURY OFFICES PRIVATE LIMITED |
|
Address |
No. 51/2,Chikka Begur Gate, 7th Mile, Hosur Road, Bangalore-560068, Karnataka, India |
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This Form is for |
Creation of the charge |
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Type of Charges |
· Book debts · Movable property |
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Particular of the charge holder
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Centurion Bank of Punjab limited No. 17 Cunningham Road, Bangalore – 560
052, India email : ps.clement@centurionbop.co.in |
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Nature or description of the instrument creating charge |
· Agreement of hypothecation of goods vehicle plant and machinery , stock and book debts · sanction letter |
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Date of the instrument creating charge |
25.01.2007 |
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Amount Secure by the charge |
Rs. 196.000 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of Interest : CC – 10.50% (presently PLR – 2.50%) PC – 8.50% (presently PLR – 4.50%) BD / LCBD – 9.50% (presently PLR – 3.50%) BD (Max upto 90 Days) – 10.50 % (presently PLR – 3 50%) LCBD – 9.50% (presently PLR – 3.50%) TL – 10.50% (presently PLR -2.50%) Penal Interest / additional Interest payable in case of default and /
or account overdrawn – 2% over and above the applicable rate of Interest Terms of repayment: Cash credit and working capital Demand Loan – Tenor 1 year – repayable
on demand Term Loan 60/63 months Non fund based – LC (WC) – maximum up to 90 days Usance , LC
(Machinery) 180 days Bank guarantee – Max – 18 months Margin: Stock, Raw materials, finished goods , work in progress, both existing
and future -25% All existing and
future book debts -30% LC (WC) BG -15% LC (Machinery) -25% Extent and operation of the charge: To cover loan amount–plus costs, expenses, Interest And other incidentals |
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Short particulars of the Property charged |
Hypothecation of all stocks, raw materials, finished goods and work in
progress both existing and future all existing and future book debts, all
existing plant and machinery, plant and machinery that, may be purchased by
the borrower by the in future office furniture, store and spares and all
other furniture, store and spare existing and that may be purchased by the
borrower in future. |
AS PER WEBSITE
The company is a
leading manufacturer of office modular furniture
The company is a
Bangalore based manufacturing company with
v
Full time in-house research
and development facility.
v
Dedicated customer care unit
experienced with servicing the most demanding multinational
companies/architect/consultant firms.
v
State of art manufacturing
facility.
v
Competitive pricing for a
quality product.
TCO 500 Modular workstation
At the company technology works with affordability to
give cost-effectiveness and increased
productivity. Designs that create and ensure levels of SAFETY and ACCESSIBILITY
with harmony and functional aesthetics. Custom-made surfaces, colors and
textures give work stations the right kind of environment
The company design has flexibility in mind. Workstations can
be expanded, pared down or reconfigured to reflect the changing workplace with
minimum effort. Which directly implies, investment protection and minimal
disruption of changes made for time to time.
At the
company, quality meets expertise that make work places a pleasure to work in.
Fabrication and innovative designs are backed by experience of their in house R
and D facility. Latest machinery and production processes that are updated with
the changing technology. Fabrication using complete aluminium frames and
"Snap-Fit" techniques ensure quick assembly and easy maintenance.
Technical
Specifications
FRAMES
:
Basic
material is aluminium profiles of HP 9W grade extruded out of Proprietory dies
designed by the company. The profiles are treated for chromotising and powder
coated to 50-micron thickness. The frames are brought together using templates
for accuracy of dimensions and pop revitted to strengthen by using brackets
made of CRCA material finished with Zinc coating.
The profiles used for the frames are designed to carry networking / electrical
cables both horizontally and vertically. Also networking / electrical cables
can be carried between tiles as and where required. The frames rest on level
adjusters. The height of the frame is defined by architect/ client but standard
heights are quicker to deliver.
TRIMS and RACEWAYS:
Trims
and raceways are also of same material as profiles and are taken through
process mentioned above. Two levels of raceways are provided with specified
minimum gap between them for networking and electrical circuits. Cutouts are
made as per dimensions specified by architect / client to fit electrical and
networking facia plates. One raceway is at the skirting level close to the
floor and the other is about 100mm below the tabletop.
INFRASTRUCTURE
1) Post forming Machines B88 Auto (New
Zealand)
While making furniture out of particle boards, especially
tabletops, the edges are rounded in semi circular or other curved prifiles to
give good appearance and smooth feel. The high-pressure laminates pasted on
such boards have to be in the shape of the curved edges and pasting it uniformly
over the edge is called post forming. Proform Model B88 Auto is a machine used
for this purpose.
2) Spindle modular SF 900 L Sicar(Italy):
Spindle modular machines are used to produce on linear
timber / board sections. It consisits of a spindle projecting from a flat
table. A cutter block with bladesshaped in the negative of the profile to be
shaped is mounted on the revolving cutter block. This causes the tool to shape
the section or the board depending on the profile shaped on the tool blades.
3)
Router R 80 F Sicar (Italy):
Routing
is an operation by which various shapes are profiled on boards. A router
consists of a tool spindle rotating at a very high R.P.M and table undernaeth.
The tool of the appropriate shape is mounted on the revolving spindle and the
board is moved on the table. The movement of the board face. Sicar R 80 F is
the router used for this purpose.
4) Edge Banding Machine BC 91A
ViTap (Italy) :
When
furniture components are made out of pre-laminate particle boards, the edges of
such components are to be protected against the moisture ingression and
mechanical damages. This is done by pasting the tapes made of melamine, PVC etc
to the edges. This process is called edge banding.
5) Trimming Machine RC 91 ViTap
(Italy) :
This machine is a complimentary machine to an edge handing
machine. When furniture components are made out of pre-laminated particle
boards edges are protected against mechanical damage and moisture by edge
banding tapes. After edge banding, the excess width of the tape are trimmed on
an edge-trimming machine. Trimming machine RC91 is used for this purpose.
6) Sliding table Panel Saw F92
Altendorf, (Germany) :
Pre-laminated particle boards cannot be cut using ordinary
circular saws. This is because the boards are laminated on both sides and the
side from where the tip of the saw blade leaves the board, the laminate will be
chipped. To overcome this another saw blade cutting from opposite side,
rotating in the opposite direction is used to cut only the laminate. This is
called scoring saw blade. It is also necessary to prevent relative movement
between the boards and table surface to prevent scratching the laminate. In
sliding table panel saw, the boards are kept on the table itself slides with
the board, thus avoiding relative movement. By using this saw the first cut
itself is the finish cut.
7) Multiboring Machine F96
(Ludhina India):
Making
of under table drawer, storage and bookshelf.
8)
Cold Press (Bangalore- India)
While
making table tops, the laminate sheet has to be pressed onto the particle board
on one side and a balancing laminate on the other side using glue which is
spread evenly on the surface of the particle board before the laminate sheet is
fixed. For this process the particle board after the laminate sheet is glued on
has to be kept on uniform cold press. The above
ARCHITECTS WORKED WITH
·
Atelier
Chandravarkar and Thacker –Architects
· Dimensions (Turnkey Interiors, Projects (P) Limited.
· Elysees (Interior Designers and Decorators)
· Frame Work Interiors - New Delhi
· Inform Arthitects
· Inter Space (Inter Consul, Proj Mngt, Turnkey Projects)
· Interics Design Consultants
· Japcon (Interior Designers and Consultants)
· Mark Vision
· Omar Nissar (Architects and Consultants)
· RSP ( Architects and Consultants)
· Rohit Shinkre Associates Mumbai
· Space Designs
· Raj Consultants
· Thomas Associates
· Thyagarajan and Associates
· Uday Joshi (Architects and Consultants ) Mumbai
·
Vishwanath and Associates
CLIENTS VOICE:-
· Lucent Technologies
· GE BEL Limited
· BFL Software Limited
· DSQ Software Limited
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.40.45 |
|
UK Pound |
1 |
Rs.81.20 |
|
Euro |
1 |
Rs.63.48 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
|