MIRA
INFORM REPORT
|
Report Date : |
27.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GLOBAL AVIATION SERVICES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
NKM International House, B M Chinai Marg, 178, Backbay Reclamation,
Mumbai – 400020, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
29.01.1986 |
|
|
|
|
Com. Reg. No.: |
038775 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U63040MH1986PTC038775 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG08592D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACGC4157F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Cargo Business |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 540736 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company meeting its normal
commitments timeously. Trade relations are fair. Business is active. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
|
Name : |
Miss Sushma |
|
Designation : |
Accounts Department |
LOCATIONS
|
Registered Office : |
NKM International House, B M Chinai Marg, 178, Backbay Reclamation,
Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-22047085, 22047076 |
|
Fax No.: |
91-22-22829004 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3500 Sq.ft. |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. K Har Govind Vithalani |
|
Designation : |
Chairman and Managing Director |
|
Address : |
52, Everest Apartments, Mount Pleasant Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
01.12.1939 |
|
Date of Appointment : |
29.01.1986 |
|
|
|
|
Name : |
Mrs. Indira H Vithalani |
|
Designation : |
Director - Corporate Affairs & Finance |
|
Address : |
52, Everest Apartments, Mount Pleasant Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
07.03.1946 |
|
Date of Appointment : |
29.01.1986 |
|
|
|
|
Name : |
Mr. Daniel E Naftali |
|
Designation : |
Group Joint Managing Director |
|
Address : |
11, China Linking Road, Malad (west), Mumbai – 400061, Maharashtra,
India |
|
Date of Birth/Age : |
21.08.1957 |
|
Date of Appointment : |
07.02.2001 |
|
|
|
|
Name : |
Mr. Dharam Singh M. Popat |
|
Designation : |
Director |
|
Address : |
25A, Ameeta, 10, Gen Bhosale Marg, Mumbai – 400021, Maharashtra, India |
|
Date of Birth/Age : |
18.12.1933 |
|
Date of Appointment : |
07.09.1996 |
|
|
|
|
Name : |
Ms. Jalpa S. Vithalani |
|
Designation : |
Director |
|
Address : |
52, Everest Apartments, Mount Pleasant Road, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
23.04.1973 |
|
Date of Appointment : |
07.09.1996 |
|
|
|
|
Name : |
Ms. Jyotiryanan J. Rindani |
|
Designation : |
Director |
|
Address : |
Jyotirmay No. 29, Shanti Niketan (Air India) CHS Yari Road, Versova,
Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
13.01.1937 |
|
Date of Appointment : |
07.2.2001 |
|
Date of ceasing : |
01.12.2004 |
|
|
|
|
Name : |
Mr. Prabodh S. Tipnis |
|
Designation : |
Executive Director - Strategic Planning & Business
Development |
|
Address : |
D/8, Sharda Shram, R S Road, Dadar, Mumbai – 400028, Maharashtra,
India |
|
Date of Birth/Age : |
01.08.1955 |
|
Date of Appointment : |
20.07.2004 |
|
|
|
|
Name : |
Mohammed I. Modi |
|
Designation : |
Director |
|
Address : |
3, Alka Building, Ground Floor, Marine Drive, Mumbai – 400020,
Maharashtra, India |
|
Date of Birth/Age : |
17.03.1944 |
|
Date of Appointment : |
01.04.2004 |
|
|
|
|
Name : |
Mrs. Padmaja Ashar |
|
Designation : |
Executive Director – Marketing |
|
|
|
|
Name : |
Ms. Mona Esha Pinto |
|
Designation : |
Director – Corporate Communications |
|
|
|
|
Name : |
Mr. Brij Rastogi |
|
Designation : |
Regional Director – Northern and Eastern India |
|
|
|
|
Name : |
Ms. Maitreyee Shroff |
|
Designation : |
Regional Director – Western India |
|
|
|
|
Name : |
Mr. Manuel Mendonca |
|
Designation : |
Executive Director – Cargo |
|
|
|
|
Name : |
Mr. Chandrasekhar |
|
Designation : |
Regional Director – Southern India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
|
Names of Shareholders |
No. of Shares |
|
Mr. K Har Govind Vithalani |
30522 |
|
Mrs. Indira H Vithalani |
4480 |
|
Ms. Jalpa S. Vithalani |
7300 |
|
Ms. Toral Vithalani |
7300 |
|
Ms. Bhakti Vithalani |
7300 |
|
Mr. K Har Govind Vithalani |
4009 |
|
Vithalani Family Trust |
41 |
|
Continental Air Services Private Limited |
4021 |
|
Parul Nisha Trading Private Limited |
4009 |
Equity share breakup (percentage of total equity)
As on 31.03.2007
|
Sr. No. |
Category |
Percentage |
|
1. |
Bodies corporate (not mentioned above) |
16.5 |
|
2. |
Directors or relatives of directors |
83.5 |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Cargo Business |
GENERAL
INFORMATION
|
No. of Employees : |
56 |
|
|
|
|
Bankers : |
New India Co-Op Bank Limited Bandra West, Mumbai – 400050, Maharashtra, India |
|
|
|
|
Facilities : |
CC |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Financial
Institutions : |
BNP Paribas French Bank Building, 62, Homji Street, Fort, Mumbai – 400001, maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
v P K Tandon and
Company, Chartered Accountants 308, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra,
India v Mr. Bansi Mehta,
Chartered Accountants |
|
|
|
|
Sister Concerns : |
v JTB Travels v JTB Jupiter |
|
Group Companies : |
|
|
Name : |
Global Aviation Services Private Limited 6th Floor, N.K.M. International
House, Activities: General Sales Agents, Passenger Sales Agent,
Cargo Sales Agent & Foreign Exchange Division 'WECHSEL'. |
|
Name : |
Continental Air Services Private Limited. 6th Floor, N.K.M. International House, Babubhai M.Chinnai Marg, 178, Backbay Reclamation, Mumbai - 400 020 Tel: +91 22 2204 7076 / 77 / 85 / 86 Fax: +91 22 2282 9004 E-mail: info@globalaviationindia.com Activities:
General Sales Agent |
|
Name : |
JTB Travels Private
Limited. Ground Floor, N.K.M. International House, Babubhai M.Chinnai Marg, 178, Backbay Reclamation, Mumbai - 400 020 Tel: +91 22 2204 7076 / 77
/ 85 / 86 Fax: +91 22 2282 9004 E-mail: toral@jtbtours.com Website: www.jtbtours.com Activities: Out-bound and In-bound Tour & Operators. |
|
Name : |
Global Airport
& Ground Services Private Limited 6th Floor, N.K.M. International House, Babubhai M.Chinnai Marg, 178, Backbay Reclamation, Mumbai - 400 020 Tel: +91 22 2204 7076 / 77
/ 85 / 86 Fax: +91 22 2282 9004 E-mail: info@globalaviationindia.com Activities : Ground Handling and Airport Services. |
|
Name : |
JTB Express Services Private Limited. 'Ascot Centre', Office No.109, Activities: IATA approved Frieght Forwarding Agency
(Specialising in Import of Consolidation Cargo). Courier and Logistics. |
|
Name : |
Parul Nisha Trading Private Limited. 6th Floor, N.K.M. International
House, Activities: Leasing & Financing. |
|
Name : |
Global Agritech Private Limited. 6th Floor, N.K.M. International
House, Activities: Floriculture |
|
Name : |
JTB Infotech Private Limited. G6, PIL Court, 111, Marshi Karve Road, Churchgate, Mumbai - 400 020 Activities:
Custom Software Application Development Business Intelligence Solutions
Migration and Customization. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
75,000 |
Equity Shares |
Rs. 100/- Each |
Rs. 7.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
73,000 |
Equity Shares |
Rs. 100/-
Each |
Rs. 7.300
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 |
7.300 |
7.300 |
7.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
127.884 |
91.681 |
53.862 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
135.184 |
98.981 |
61.162 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
25.195 |
44.021 |
39.402 |
|
|
2] Unsecured Loans |
7.929 |
29.811 |
17.630 |
|
|
TOTAL BORROWING |
33.124 |
73.832 |
57.032 |
|
|
DEFERRED TAX LIABILITIES |
6.866 |
6.947 |
6.019 |
|
|
|
|
|
|
|
|
TOTAL |
175.174 |
179.760 |
124.213 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
59.881 |
66.276 |
52.608 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
47.058 |
47.058 |
45.895 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
368.666
|
346.373 |
185.486 |
|
|
Cash & Bank Balances |
22.770
|
21.546 |
31.964 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
150.078
|
95.234 |
53.968 |
|
Total
Current Assets |
541.514
|
463.153 |
271.418 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
473.279
|
396.727 |
230.979 |
|
|
Provisions |
0.000
|
0.000 |
14.729 |
|
Total
Current Liabilities |
473.279
|
396.727 |
245.708 |
|
|
Net Current Assets |
68.235
|
66.426 |
25.710 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
175.174 |
179.760 |
124.213 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover (Including Other Income) |
|
540.623 |
401.822 |
|
|
Total Income |
|
540.623 |
401.822 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
60.381 |
57.831 |
|
|
Provision for Taxation |
|
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
|
60.381 |
57.831 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Interest |
|
6.195 |
6.633 |
|
|
Depreciation & Amortization |
|
5.102 |
3.749 |
|
|
Other Expenditure |
|
468.945 |
333.609 |
|
Total Expenditure |
|
480.242 |
343.991 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
11.16
|
14.39 |
-- |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.16
|
14.39 |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.16
|
14.39 |
-- |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.45
|
0.58 |
-- |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.50
|
4.01 |
4.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.16 |
1.10 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U63040MH1986PTC038775 |
|
Name of the
company |
GLOBAL AVIATION SERVICES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
NKM International House, B M Chinai Marg, 178, Backbay Reclamation,
Mumbai – 400020, Maharashtra, India |
|
Type of charge |
v Immovable
property |
|
Whether
consortium finance is involved |
No |
|
Whether joint charge
involved |
No |
|
Number of charge
holders |
1 |
|
Particular of
charge holder |
Name : New India
Co-Op. Bank Limited Address : New
India Bhavan, Anant Vishram Nagwekar Marg, Babasaheb Worlikar Chowk,
Prabhadevi City : Mumbai State :
Maharashtra ISO country code
: IN Pin code : 400025 e-mail Id: m.g.kalelkar.associates@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
No instrument was
excluded. However, the equitable mortgage has been created by way of title
deeds. |
|
Date of
instrument Creating the charge |
30.11.2007 |
|
Whether charge
created or modified outside India. |
No |
|
Amount secured by
the charge |
Rs. 10.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
decided, from time to time, by the bank. Terms of
repayment As may be
decided, from time to time, by the bank. Margin As may be decided,
from time to time, by the bank. Extent operation
of the charge To secure the due
repayment of credit facility of Rs. 10.000 millions granted by the bank to
the company. |
|
Short particulars
of the property charged |
All that piece
and parcel of land are being office no. 202, 203, IInd Floor, Olive Arcade,
Ellis bridge, Ahmedabad belonging to the company. |
Form 8
|
Name of the company |
GLOBAL AVIATION SERVICES PRIVATE LIMITED |
|
Presented By |
New India Co-Op. Bank
Limited Bandra (West),
Mumbai – 400050, Maharashtra, India. |
|
1) Date and description of instrument creating the change |
Deed of
hypothecation dated 14.09.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 8.100 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 goods
namely 5 nos X-Ray Baggage Inspection system, model no. ECR – 527 S. No. 60426No7
Tunnel size 1000mm (w) X 1000 mm (H) Bolt Weight 835 mm with all accessories
of the Borrower. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
To secure the
repayment of Medium/Long Term Loan granted by the Bank to the Borrower 1) Repayment by
way of 36 equal monthly Instalments of Rs. 263500/- each commencing from 14th
October 2005 and ending on or before 14th September, 2008 2) Rate of
Interest: 10.5% p.a. |
|
5) Name and Address and description of the person entitled to the charge. |
New India Co-Op.
Bank Limited Bandra (West),
Mumbai – 400050, Maharashtra, India. |
Trade References
v G 9 Company
v J P Associates
v Hermes Travels
Profile:
Subject was established in 1975. Since then it has come a long way and today has 71 offices in 17 prime locations in India. The core business of Global is Airline Representation (General Sales Agents) and currently it represents 13 Airlines as its Passenger and/or Cargo GSA in India or part thereof.
Global is the first GSA to be accredited as a 'General Sales and Service Agent' (GSSA) by the International Air Transport Association (IATA)
Other affiliations include membership of :
v Federation of Airline GSA (FAGSA).
v The International Air Cargo Association (TIACA).
v European General Sales Agency Cargo (EGSAC).
v IATA Council of Ground Handling.
v Air Cargo Agents Association of India (ACAAI).
v The Travel Agents Association of India (TAAI).
v Travel Agents Federation of India (TAFI).
v Courier Association of India (CAI).
The Global Group has a strong work force of 700 plus
employees. The staff is experienced and well versed with IATA procedures.
Customer Service is of prime importance to us and they strive to provide
satisfactory services to the end Customers as well as to the Airlines they
represent.
Services
v
Passenger and Cargo Handling
v
Arranging In-bound and Out-bound Tours
Sales & Marketing
They provide a
dedicated team of Sales and Marketing staff for each of the Principal carriers.
Depending on the status of the airlines (whether On-line or Off-line), such
staff are provided at each of the stations or at each location in India. The
staff is experienced and qualified and is familiar with IATA procedures and
fares and ticketing.
They provide
Terminal/Commercial/Ramp supervision staff to the Principal carriers, which are
On-line in India. This staff supervises the activities of the GHA and execute
Pre and Post flights duty, in respect of aircraft movement handling and
passenger traffic. In so far as cargo activity is concerned, the staff will
supervise Palletisation and making and breaking of ULDs. This ensures optimum
loading per pallet & per container. The staff also supervise loading and
unloading at aircraft to ensure optimum amount of planned cargo. Import cargo
is escorted to warehouses and all assistance to the same is provided to
dispatch/clear the cargo. They also co-ordinate with authorities/agents at the
airport, such as Flight Control Tower, AAI, Traffic Services, Ground Handling
Agents, Fuel Companies and Catering Companies. They also handle aircraft crew
by escorting and assisting them immigration through and customs at the airport.
They also co-ordinate with travellers and negotiate desirable rates with hotels
for crew accommodation.
The Company provides
an entire accounting package which includes collection of funds generated out
of Passenger and Cargo sales, consolidation and transfer to Principal Carrier's
bank account. They also provide Revenue Accounting Services like Passenger and
Cargo Sales Reports, Load and Revenue Reports and Other Accounting data as per
Principal's requirement. They provide complete BSP management for the Principal
Carriers.
The company provides
Handling Supervision at airport for both passenger and Cargo activities. The
activities of Ground Handling Agent is effectively supervised to ensure timely
turn around of the Aircraft and to ensure superior Passenger services. These
services are carried out at the Passenger terminal, both the Landside as well
as Airside, to the Principal carrier's satisfaction. Cargo supervision is
carried out at the cargo complex and warehousing facilities and also at the
Aircraft to ensure loading and unloading procedures.
They initiate
negotiations with interline partners based in India on behalf of all Principal carriers
to establish Special Prorate Agreements (SPA) for Passenger and Cargo carriage.
These negotiations on behalf of all Principal carriers would be held in strict
confidence and with the aim of getting as much benefit as possible to Principal
carriers.
Arranging In-bound and Out-bound Tours
The In-house travel
company, JTB Travels Pvt. Ltd. (IATA) was originally established to handle
inbound and outbound tours. Since its inception, JTB now is a full fledged IATA
travel agency and are handling Corporate travel, Holiday and Leisure travel,
Incentive Groups and Individual Traffic.
Publicity as desired
by the Principal carrier, is copied out through the Advertising agency. This
agency is well established in India and has a good reputation in the industry.
All publicity will be in keeping with the Principal carriers' worldwide
corporate identity and product identity.
They are authorized
foreign exchange dealers and possess a Full-Fledged Money Changers (FFMC)
license. Under this license, they are able to buy and sell foreign exchange to
businessmen and Leisure travellers.
They use
state-of-the-art technologies in Custom Applications Development to translate
the IT vision into reality and create powerful solutions that are focused on
enhancing customer relations, increasing revenue opportunities and the creation
of new competitive advantage for you.
GAGSPL is member of
IATA Ground Handling Council and as such is qualified and recognized to carry
out all the functions as Airport services provider.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
The market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
The Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 42.89 |
|
UK Pound |
1 |
Rs. 84.84 |
|
Euro |
1 |
Rs. 67.61 |
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 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
66 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, they have no basis upon which to
recommend credit dealings |
No Rating |
|