MIRA
INFORM REPORT
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Report Date : |
17.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
RAMA CYLINDERS
PRIVATE LIMITED |
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Registered Office : |
181A, Maker Tower ‘E’, Cuffe Parade, Mumbai – 400 005, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Date of Incorporation : |
22.11.2004 |
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Com. Reg. No.: |
11-149620 |
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CIN No.: [Company
Identification No.] |
U28113MH2004PTC149620 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR17236C |
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PAN No.: |
AACCR8653D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter and Importer of Various Types of High Pressure
Seamless Gas Cylinders. |
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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Max. Credit Limit : |
USD 6200000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a 4 years old company having satisfactory track. Trade
relations are fair. Business is active. Payments are reported as 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. Jatin |
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Designation : |
Assistant Account Manager |
LOCATIONS
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Registered Office : |
181A, Maker Tower ‘E’, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India |
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Tel. No.: |
91-22-22162344 |
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Fax No.: |
91-22-22154294 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
1711, World Trade Centre N, Colaba, Mumbai – 400 005, Maharashtra,
India |
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Tel. No. : |
91-22-22162344 |
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Fax No. : |
91-22-22154294 |
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Factory 2 : |
Survey No. 334 – P2 and 335, Village Bhimasar, Taluka – Anjar, Dist.
Kutch – 370 240, Gujarat, India |
DIRECTORS
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Name : |
Mr. Vashu Jaisingh Ramsinghani |
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Designation : |
Director |
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Address : |
111, Maker Tower A, Cuffe Parade, Mumbai –
400005, Maharashtra, India |
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Date of Birth : |
08.09.1943 |
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Date of Appointment : |
22.11.2004 |
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Name : |
Mr. Sanjay Shridhar Mande |
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Designation : |
Director |
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Address : |
B – 503, Neelkanth Cooperative Housing
Society, Nr. Makhmali Talao, LBS Marg, Thane – 400 601, Maharashtra, India |
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Date of Birth. : |
27.05.1947 |
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Date of Appointment : |
22.11.2004 |
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Name : |
Mr. Chhato U. Manatani |
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Designation : |
Director |
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Address : |
B –1/7, Gautam Arcade, Pant Road, Thane –
400 603, Maharashtra, India |
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Date of Birth. : |
10.06.1941 |
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Date of Appointment : |
25.11.2004 |
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Name : |
Mr. Amit Vashu Ramsinghani |
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Designation : |
Additional Director |
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Address : |
111, Maker Tower A, Cuffe Parade, Mumbai –
400 005, Maharashtra, India |
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Date of Birth. : |
23.10.1981 |
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Date of Appointment : |
25.01.2005 |
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Name : |
Mr. Padmanabh
Pundarikray Vora |
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Designation : |
Director |
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Address : |
Flat No.503- 504,
5th Floor, “A” Wing, Mount Everest Tower, Bhakti Park, Wadala,
Mumbai - 400037, Maharashtra, India |
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Date of Birth. : |
01.10.1943 |
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Date of Appointment : |
31.07.2008 |
KEY EXECUTIVES
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Name : |
Mr. Arun Vasant Oak |
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Designation : |
Secretary |
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Address : |
D-24, Om Gangeshwar Krupa CHS, Saraswat Colony, Chheda Road, Dombivali
(East), Mumbai – 421 201, Maharashtra, India |
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Date of Birth/Age : |
16.05.1978 |
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Date of Appointment : |
11.04.2008 |
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Name : |
Mr. Jatin |
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Designation : |
Assistant Account Manager |
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Name : |
Mrs. Manju V. Ramsinghani |
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Designation : |
Key Executive |
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Address : |
111, Maker Tower ‘A’, Cuffe Parade, Mumbai – 400005, Maharashtra |
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Name : |
Mrs. Sonia S. Chhabria |
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Designation : |
Key Executive |
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Address : |
402, Adibaba Chhabria 402, Adibaba, 16th Road, Opp. Rotary
Park, Satacruz (West), Mumbai - 400054 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
No. of Shares |
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Mr. Vashu Jaisingh Ramsinghani |
539820 |
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Mr. Sanjay Shridhar Mande |
180 |
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M/s. Highriee
Properties Private Limited |
8536500 |
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M/s. Rama
Fininvest India Private Limited |
610800 |
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Mrs. Manju Vashu
Ramsinghani |
495000 |
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Mr. Amit Vashu Ramsinghani |
1485000 |
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Mrs. Sonia Suraj
Chhabris |
90000 |
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M/s. Rama
Recycling Private Limited |
1476000 |
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M/s. Rama
Chemicals Private Limited |
5053500 |
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M/s. Deutsche
Bank AG, Hong Kong Branch |
4571700 |
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Total |
22858500 |
AS ON 31.07.2008
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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20.00 |
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Directors or relatives of directors |
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69.00 |
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Other top fifty shareholders |
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11.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Various Types of High Pressure
Seamless Gas Cylinders. |
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Products : |
v
Industrial gases like O2, N2, CO2,
Acytelene. v
Firefighting Applications. v
Medical Gases. v
Beverages. v
Scuba diving. v
Onboard Compressed Natural Gas Cylinders for Automobiles. v
Accumulators v
Cascades or large quantity storage of gases |
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Exports : |
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Country : |
v Iran v Pakistan |
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Imports : |
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Country : |
v Germany v China v Japan |
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Terms : |
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Selling : |
Cash and Credit ( 30 days) |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
v Retailers |
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No. of Employees : |
Total : 225 ( Office : 25, Factory : 200) |
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Bankers : |
v State Bank of
India Commercial Branch, NGN Vaidya Marg, Mumbai
– 400 023, Maharashtra, India v Canara Bank Fort Branch, Warden House, P M Road, Fort, Mumbai – 400 001,
Maharashtra, India v State Bank of
Bikaner and Jaipur Commercial Branch, 239, P D‘mello Road, Mumbai – 400 001,
Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Haribhakti and
Company Chartered
Accountant |
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Address : |
42, Free Press
House, 4th Floor, 215, Nariman Point, Mumbai – 400 021,
Maharashtra, India Tel. No.:
91-22-22871099/56391101/22871806/ 66729999 Fax. No.:
91-22-22856237/ 66729777 91-21, Bombay Mutual
Chambers, Ambalal Doshi Marg, Mumbai – 400001, Maharashtra, India Tel. No.:
91-22-22652675/56391106/7/22626345 Fax. No.:
91-22-22656260 E-Mail.: hbhakti@vsnl.com Website.: http://www.haribhaktigroup.com |
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Associate: |
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CAPITAL STRUCTURE
AS ON 31.07.2008
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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25000000 |
Equity Shares |
Rs. 10/- Each |
Rs. 250.000 Millions |
Issued, Subscribed
& Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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22858500 |
Equity Shares |
Rs. 10/- Each |
Rs. 228.585 Millions |
Note: Out of the above 17268700 equity shares of
Rs.10/- each are allotted as fully paid up by way of bonus share
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
228.585 |
60.956 |
60.930 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1013.355 |
188.335 |
140.270 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(6.783) |
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NETWORTH |
1241.940 |
249.291 |
194.417 |
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LOAN FUNDS |
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1] Secured Loans |
286.725 |
368.829 |
327.279 |
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2] Unsecured Loans |
0.000 |
106.890 |
68.800 |
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TOTAL BORROWING |
286.725 |
475.719 |
396.079 |
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DEFERRED TAX LIABILITIES |
30.381 |
14.156 |
0.000 |
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SHARE WARRANT |
59.768 |
0.000 |
0.000 |
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TOTAL |
1618.814 |
739.166 |
590.496 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
440.456 |
363.005 |
328.327 |
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Capital work-in-progress |
165.122 |
89.502 |
56.861 |
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INVESTMENT |
650.583 |
0.010 |
0.010 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
2.900 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
273.094
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213.012
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116.147 |
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Sundry Debtors |
127.853
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93.123
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16.939 |
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Cash & Bank Balances |
80.250
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59.979
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36.428 |
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Other Current Assets |
0.000
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0.000
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0.000 |
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Loans & Advances |
117.747
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62.856
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51.223 |
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Total
Current Assets |
598.944
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428.970
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220.737 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
236.740
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132.213
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18.140 |
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Provisions |
0.000
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10.615
|
0.765 |
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Total
Current Liabilities |
236.740
|
142.828
|
18.906 |
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Net Current Assets |
362.204
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286.142
|
201.831 |
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MISCELLANEOUS EXPENSES |
0.449 |
0.506 |
0.564 |
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TOTAL |
1618.814 |
739.166 |
590.496 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2008 |
31.03.2007 |
31.03.2006 |
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Sales Turnover (Including Other Income) |
1087.647 |
600.580 |
34.568 |
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Total Income |
1087.647 |
600.580 |
34.568 |
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Profit/(Loss) Before Tax |
235.484 |
80.866 |
(9.084) |
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Provision for Taxation |
0.000 |
0.000 |
0.000 |
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Profit/(Loss) After Tax |
152.371 |
80.866 |
(9.084) |
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Export Value |
NA |
78.756 |
0.021 |
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Expenditures : |
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Interest |
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52.836 |
7.111 |
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Depreciation & Amortization |
582.163 |
23.731 |
4.369 |
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Other Expenditure |
270.000 |
443.147 |
32.172 |
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Total Expenditure |
852.163 |
519.714 |
43.652 |
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KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
31.03.2006 |
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PAT / Total Income |
(%) |
21.65
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13.46
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[26.28] |
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Net Profit Margin (PBT/Sales) |
(%) |
21.65
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13.46
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[26.28] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
12.69
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9.17
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[1.49] |
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Return on Investment (ROI) (PBT/Networth) |
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0.18
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0.32
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[0.05] |
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Debt Equity Ratio (Total Liability/Networth) |
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0.42 |
2.48
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2.13 |
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Current Ratio (Current Asset/Current Liability) |
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2.52 |
3.00
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111.68 |
LOCAL AGENCY
FURTHER INFORMATION
Business
Subject is engaged as manufacturer of various types of High Pressure
Seamless Cylinders for permanent industrial gases like Oxygen, Acetylene,
Carbon dioxide, Hydrogen, Nitrogen, Argon and Helium.
Subject produces cylinders for compressed natural gas for usage in the
automobiles, for beverage applications, for fire fighting, for medical oxygen
applications and for scuba diving.
Trade References
v Shreemankar
Gases – Mumbai
v Dhasmesh C S G
Private Limited - Mumbai
Form 8
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Name of the company |
RAMA CYLINDERS PRIVATE LIMITED |
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Presented By |
State Bank of India Commercial Branch, N G N Vaidya Marg, Mumbai – 400
023, Maharashtra, India |
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1) Date and description of instrument creating the change |
Joint Deed of hypothecation Working Capital consortium Agreement. Both the above agreements are dated 25.08.2005 and executed for the creation of a single charge. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 200.000 millions
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
The whole of the current assets of the borrower namely. Stocks of raw materials, stocks in process, semi finished and finished goods, stores and spares not relating to plant and machinery (consumable stores and spares), Bills Receivable and Book debts and all other movables both present and future whether now lying loose or in cases or which are now lying or stored in or about or shall hereinafter from time to time during the continuance of the security of these presents be brought into or upon or be stored or be in or about of the borrower’s factories, premises and godowns situated at village Bhimasar, Taluka Anjar, Dist. Kutch – 370 240, Gujarat, India in the state of Gujarat or wherever else the same say be or be held by any party to the order or disposition of the borrower or in the course of transit or on high seas or on order or delivery howsoever and wheresoever in the possession of the borrower and either by way of substitution or addition. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
ROI: As would be determined by bank from time to time. |
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5) Name and Address and description of the person entitled to the charge. |
v State Bank of
India Commercial Branch, NGN Vaidya Marg, Mumbai – 400 023, Maharashtra,
India v Canara Bank Fort Branch, Warden House, P M
Road, Fort, Mumbai – 400 001, Maharashtra, India v State Bank of
Bikaner and Jaipur Commercial Branch, 239, P D‘mello road, Fort, Mumbai – 400 001, Maharashtra, India |
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6) Date and brief description of instrument modifying the charge |
Not Applicable |
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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. |
Not Applicable |
Notes:
- “Charge” includes mortgage- see
sectin 124. A description of the instrument that is to say. Whether trust deeds,
mortgage or debenture should also be given.
- “Persons entitled to the
charge” will include mortgages.
- Amount or rate of percent of
the commission allowance or discount (if any) paid or made either directly
or indirectly by the company to any person in consideration of his
subscribing or agreeing to subscribe, whether absolutely or conditionally
or procuring or agreeing to procure included in this return. Should be
given in item No.4
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This form is for |
Creation of charge |
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Corporation identity number (CIN) or foreign company registrations number of the company |
U28113MH2004PTC149620 |
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Name of the company |
RAMA CYLINDERS
PRIVATE LIMITED |
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Address |
181A, Maker Tower ‘E’, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
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Type of Charges |
v Book debts v Movable property ( not being pledge) |
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Particular of the charge holder |
Name : State Bank of India Address : Commercial Branch, N G N Vaidya Road City : Mumbai State : Maharashtra ISO country code : IN Pin code : 400 023 e-mail ID : kamalax_saraf@hotmail.com |
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Nature or description of the instrument creating or modifying the charge |
Agreement of hypothecationh of goods and assets Agreement of loan for overall limit Both constitute single charge |
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Date of the instrument creating charge |
11.04.2008 |
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Whether charge created or modified outside India |
No |
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Amount Secure by the charge |
Rs. 650.000 millions |
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Brief particulars of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As would be determined by Bank from time to time. Terms of repayment As per sanction Terms Margin As per sanction Terms Extent and operation of the charge A first pari passu charge on entire fixed assets of the company. Second charge by way of hypothecation on the current assets of the company on pari passu basis with other term lenders. Others As per sanction terms |
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Short particulars of the Property charged |
All P and F goods , book debts and all other movable assets of the borrower including documents of title to the goods, outstanding monies, receivables by way of cash assistance and or cash incentives under the cash incentive scheme or any other scheme claims including claims by way of refund of customs/ Excise duties under the duty drawback credit scheme or any other scheme bills, investments, documents, contracts, Insurance policies, Gtees, Engagements, securities, investments and rights and P and F Machinery. |
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Whether any of the property or interest therein under reference is not registered in the name of the company |
No |
Financial Results
As the company did not
have any business operation during the period under review and since it is in
the process of setting up the project for manufacturer of High Pressure
Cylinders at Kutch. No profit and loss account had been prepared and the entire
expenditure incurred on the project had been shown as incidentals expenditure
pending allocation
REVIEW OF OPERATION
During the year,
the company has received the requisite final licenses for manufacture of
cylinders for on board application (CNG) from bureau of Indian Standards (BIS).
During the year company achieve significant growth in sale volume and
profitability. Sales increased from RS.22.500 Millions in 2005- 2006 to
Rs.585.800 Millions in 2006- 2007. Company also exported cylinders worth
Rs.121.400 Millions. With ample orders in hand in both domestic and export
market, company expects to achieve new heights in the coming years.
Fixed Assets
v
Land
v
Office
Equipment
v
Motor Car
v
Furniture and
Fixture
v
Building
v
Plant and
Machinery
Website Details
Subject, one of the largest manufacturers of high-pressure
seamless steel gas cylinders, offers an expanding range of high-quality gas
cylinders for compressed natural gas (CNG) and industrial gas applications and
firefighting applications in India.
They manufacture CNG cylinders, seamless steel gas cylinders, seamless pressure
vessels, seamless accumulator shells to specific customer requirements having
outside diameter ranging from 76mm to 406mm length ranging from 300mm to 3000mm
and pressures upto 400 bar. High pressure gas cylinders are manufactured from
Seamless Steel tubes, in Manganese steel and chrome Molybdenum Steel.
They manufacture high pressure seamless steel cylinders for following
applications
- CNG on board application
- CNG cascades
- Industrial gases
- Fire fighting application
- Medical gases
- Beverages
- Scuba diving
- Accumulators
All the cylinders are manufactured as per international standards such
as
- NZS : 5454
- ISO : 11439
- ISO : 9809
- EN:1964
- IS : 7285 (Part 1)
- IS : 7285 (Part 2)
- IS
: 15490
PROFILE
Subject is a company promoted by Mr. Vashu J. Ramsinghani
and his son Mr. Amit V. Ramsinghani.
The plant has an installed capacity of 3,00,000 nos./year of high pressure
Seamless steel cylinders and allied products such as vessels, accumulators ,
tanks and pipes, etc.
Mr. Vashu J. Ramsinghani has considerable experience in the field of trading of
industrial commodities and has set up large industries in the field of
petrochemicals, fertilisers and paper. India's largest private sector, waste
paper based newsprint mill viz. Rama Newsprint and Papers Limited (
www.ramanewsprint.com ) was also set up by him in Gujarat.
Mr. Amit V. Ramsinghani, son of Mr. Vashu J. Ramsinghani has acquired a
Bachelors degree in the Business Administration from the prestigious Babson
College in Boston U.S.A. specializing in finance and economics. He subsequently
completed his training in the U.S.A. and the Middle East and has returned back
to India. He is keenly involved in the day to day operations.
ABOUT PLANT
The plant has an installed capacity of 300,000 nos. /year of
high pressure Seamless steel cylinders and allied products such as vessels,
accumulators etc. The seamless steel cylinders / accumulators shells can be
made in strict compliance with all applicable National / International
standards. The Equipments for manufacturing the seamless cylinders have been
sourced from suppliers who are world leaders in their respective fields. In
near future Subject have plans for manufacturing CNG Composite Cylinders designed
in order to reduce the weight of the vehicle as much as possible at a cost
acceptable to vehicles manufacturers.
They are now expanding the capacity of their plant to soon reach 1 million
cylinders per annum. The work for expansion has already started at the sight.
ABOU THEM
Subject, an ISO-9001, ISO - 14001 and ISO - 18001 Certified
company, located at Kutch, Gujarat, India.
This plant is of world-class standard and has a current installed capacity of
manufacturing 3, 00,000 high pressure seamless steel gas cylinders per annum.
They are expanding the plant manufacturing from units to 7, 00,000 units. The
expansion will be completed by 2009
The technology applied is hot spinning of seamless steel pipes by compressed
numerical controlled (CNC) machines for closing both ends and subsequently
followed by other finishing processes.
The cylinders are manufactured in compliance with the norms of statutory
authorities like Chief Controller Of Explosives (CCOE) and Bureau Of Indian
Standard (BIS) in India. In addition, Subject also manufacturers as per
international manufacturing standards like ISO 11439 and NZ S 5454.
All cylinders of Subject come with “ISI” marked on them.
Subject is member of fire Protection Association of India (FPAI), Maharashtra
Gas association (MGA), All India Industrial Gas Manufacturers Association
(AIIGMA), Natural Gas Vehicle Association of India (NGVAI) and ASIAN NGV.
They are regularly exporting their cylinders to countries like Iran, Pakistan,
Bangladesh, Thailand, Russia, Malaysia, Armenia, Russia, and also to major
automobiles OEMs Such as Tata Motors and Bajaj Auto.
MANUFACTURING PROCESS
The seamless steel cylinders are manufactured by closing
bottom and neck forming on CNC hot spinning machine and subjected to all internal
test and controls at every stage of production to assure a quality product with
cylinders diameters ranging from 76 to 406mm.
Accessories such as valve fixing, neck ring, cap, and guard are fitted on
cylinders as per customer's requirement. The plant is equipped with most modern
machineries from reputed Indian and international suppliers to produce superior
quality products.
The entire production process is controlled by Subject and done in-house in
their own dedicated plant. This ensures that Subject is capable of offering the
right quality cylinder at right price that fits most of the needs of customers.
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 :
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. 49.46 |
|
UK Pound |
1 |
Rs. 73.17 |
|
Euro |
1 |
Rs. 62.96 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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/normal. |
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 |
|