MIRA
INFORM REPORT
|
Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
SOFTTECH ENGINEERS PRIVATE LIMITED |
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Registered Office : |
The Pantagon, Unit No. 5-A, Near Satara Road, Telephone Exchange,
Shahu College Road, Parvati, Pune – 411 009, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
17.06.1996 |
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Com. Reg. No.: |
25-16718 |
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CIN No.: [Company
Identification No.] |
U30107PN1996PTC016718 |
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IEC No.: |
3197032501 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PNES09378F |
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PAN No.: [Permanent
Account No.] |
AACCS3857L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject provides Software Solution and Software Designing Services and
also provide Civil Engineering Software development. |
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 61000 |
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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 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 : |
Mra. Arati |
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Designation : |
Finance Manager |
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Date : |
06.10.2008 |
LOCATIONS
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Registered Office : |
The Pantagon, Unit No. 5-A, Near Satara Road, Telephone Exchange,
Shahu College Road, Parvati, Pune – 411 009, Maharashtra, India |
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Tel. No.: |
91-20-24217676 / 24218747 |
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Fax No.: |
91-20-24218747 |
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E-Mail : |
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Website : |
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Area : |
5000 Sq. ft. |
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Location : |
Owned |
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Branch Office : |
Located at ·
Ahmedabad ·
Kolkata ·
Hyderabad ·
Chennai ·
Bangalore |
DIRECTORS
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Name : |
Mr. Vijay Shantiswarup Gupta |
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Designation : |
Director |
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Address : |
Flat No. 6, Laxmi Narayan Residency, Bibwewadi, Kondhwa Pune – 411
037, Maharashtra, India |
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Qualification : |
Mr. Tech. |
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Date of Appointment : |
21.06.1996 |
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Name : |
Mr. Shyam G Bhandari |
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Designation : |
Director |
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Address : |
M 8, Kumar Park, Kendale Nagar, Bibwewadi, Pune – 411 037,
Maharashtra, India |
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Qualification : |
BE Civil Engineering |
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Date of Appointment : |
17.06.1996 |
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Name : |
Mr. Gopikrishna V Kapplla |
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Designation : |
Director |
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Address : |
Flat No. 405, Building No. 1, Mhada Andheri (West), Mumbai – 400 053,
Maharashtra, India |
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Date of Appointment : |
23.09.2003 |
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Name : |
Mr. Rajesh Kumar |
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Designation : |
Nominee Director |
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Address : |
Flat No. 103, SIDBI Officers Apartment, Videocon Towers, 25, Veera
Desai Marg, Andheri (West), Mumbai – 400 053, Maharashtra, India |
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Date of Birth/Age : |
15.08.1969 |
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Date of Appointment : |
04.07.2008 |
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Name : |
Mr. Babubhai Kanjibhai Patel |
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Designation : |
Director |
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Qualification : |
BE Civil Engineering |
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Date of Appointment : |
25.06.2007 |
KEY EXECUTIVES
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Name : |
Mr. Devesh Tudekar |
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Designation : |
Company Secretary |
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Address : |
A-5, Snehal Classique, Shree Saraswati Housing Society, Shivajinagar,
Pune – 411 005, Maharashtra, India |
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Tel No.: |
91-20-25537599 |
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E-Mail : |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
|
Names of Shareholders |
No. of Shares |
|
Vijay Shantiswarup Gupta |
295800 |
|
SIDBI Trustee Company Limited |
1000 |
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Babubhai K Patel |
52200 |
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Total |
349000 |
Equity shares Breakup (percentage of total equity)
(As on 30.09.2007)
|
Category |
Percentage |
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Venture Capital |
0.28 |
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Directors or relatives of directors |
99.72 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject provides Software Solution and Software Designing Services and
also provide Civil Engineering Software development. |
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Products : |
·
Auto DCR ·
Structural Analysis and Design Software ·
Quantity
Estimation and Costing Software ·
Water Tank Designing Software ·
Complaint and Query Management System ·
Public
Works Information Management Systems ·
File Approval and Management Systems ·
E-learning Resources ·
Multimedia Based Learning Resources |
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Exports : |
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Countries : |
·
Malaysia ·
Oman ·
Dubai |
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Terms : |
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Selling : |
Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Credit (30 days / 60 days / 90 days) |
GENERAL
INFORMATION
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Customers : |
·
Builders ·
Government Bodies Government Offices ·
Municipal Corporations ·
Electricity Boards ·
Public Sector Units ·
Irrigation Department ·
BSNL ·
Railways ·
Public Sector Units Private
Sector ·
Construction Companies ·
Promoters & Builders ·
Contractors ·
Structural Consultants ·
Civil Engineers ·
Project Management Consultants ·
Quantity Surveyors and Valuers Educational
Institutes ·
IITs ·
NITs ·
Engineering Colleges ·
Architectural Colleges ·
TTTI ·
Polytechnics |
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No. of Employees : |
100 |
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Bankers : |
·
The Saraswat Co-Operative Bank Limited Dahanukar Colony Branch, Indranagari
Society, Opp. Cummins Ind. Limited, Dahanukar Colony, Kothrud, Pune – 411
029, Maharashtra, India ·
HDFC Bank Limited, E C Road ·
Mahesh Bank ·
Bank of Baroda |
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Facilities : |
CC Rs.20.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Pankaja Bhagwat |
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Address : |
101, Orchard, Dr. Pai Marg, Baner, Pune – 411 045, Maharashtra, India |
CAPITAL STRUCTURE
(As on 29.09.2007)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
650000 |
Equity Shares |
Rs.10/- each |
Rs.6.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
349000 |
Equity Shares |
Rs.10/- each |
Rs.3.490
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
3.490 |
3.490 |
6.480 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
8.711 |
5.092 |
3.266 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
12.201 |
8.582 |
9.746 |
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LOAN FUNDS |
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|
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1] Secured Loans |
10.150 |
6.954 |
1.064 |
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2] Unsecured Loans |
6.265 |
4.860 |
5.069 |
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TOTAL BORROWING |
16.415 |
11.814 |
6.133 |
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DEFERRED TAX LIABILITIES |
0.545 |
0.477 |
0.361 |
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TOTAL |
29.161 |
20.873 |
16.240 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
12.001 |
10.449 |
2.983 |
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INTANGIBLE ASSETS |
0.000 |
0.000 |
0.397 |
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Capital work-in-progress |
0.000 |
0.429 |
1.014 |
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INVESTMENT |
0.355 |
0.217 |
0.067 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
14.637
|
10.562 |
14.291 |
|
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Cash & Bank Balances |
1.975
|
3.769 |
0.837 |
|
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Other Current Assets |
0.107
|
0.039 |
0.001 |
|
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Loans & Advances |
9.162
|
4.407 |
1.986 |
|
Total
Current Assets |
25.881
|
18.777 |
17.115 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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Current Liabilities |
5.864
|
6.830 |
4.123 |
|
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Provisions |
3.212
|
2.169 |
1.215 |
|
Total
Current Liabilities |
9.076
|
8.999 |
5.338 |
|
|
Net Current Assets |
16.805
|
9.778 |
11.777 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
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|
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TOTAL |
29.161 |
20.873 |
16.240 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Software Services |
41.659 |
38.380 |
22.649 |
|
|
Other Income |
0.320 |
0.211 |
0.238 |
|
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Total Income |
41.979 |
38.591 |
22.887 |
|
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|
|
|
|
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Profit/(Loss) Before Tax |
4.729 |
3.348 |
2.215 |
|
|
Provision for Taxation |
1.110 |
1.070 |
0.757 |
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Profit/(Loss) After Tax |
3.619 |
2.278 |
1.458 |
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Expenditures : |
|
|
|
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Financial charges |
2.148 |
0.980 |
0.711 |
|
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Depreciation & Amortization |
3.009 |
2.413 |
1.168 |
|
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Other Expenditure |
32.093 |
31.850 |
18.793 |
|
Total Expenditure |
37.250 |
35.243 |
20.672 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
8.62
|
5.90 |
6.37 |
|
|
|
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|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.35
|
8.72 |
9.78 |
|
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|
|
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.48
|
11.46 |
11.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.39 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.09
|
2.43 |
1.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.85
|
2.09 |
3.21 |
LOCAL AGENCY
FURTHER INFORMATION
|
Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 2714448817V |
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IEC Code : 3197032501 |
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PAN / TAN : AACCS3857L |
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Bank Name : Saraswat Co-Operative Bank |
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Bank Address : Tilak Road |
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Bank A/c. No.: 303020 |
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Account Since : 2 Years |
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In case of any affiliations / memberships / certifications : |
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Name : ISO |
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Type : 9001-2000 |
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Expiry Date : After 3 Years i.e. in year 2010 |
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Trade References
Government Bodies like
·
CPWD
·
MIDC
·
MES
·
PWD
·
Railways.
Form No. 8
|
Corporate
identity number of the company |
U30107PN1996PTC016718 |
|
Name of the
company |
SOFTTECH ENGINEERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
The Pantagon, Unit No. 5-A, Near Satara
Road, Telephone Exchange, Shahu College Road, Parvati, Pune – 411 009,
Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Book debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
The Saraswat Co-Operative Bank Limited Dahanukar Colony Branch, Indranagari
Society, Opp. Cummins Ind. Limited, Dahanukar Colony, Kothrud, Pune – 411
029, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement of Hypothecation of movable property |
|
Date of
instrument Creating the charge |
23.04.2007 |
|
Amount secured by
the charge |
Rs.10.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 14.00% p.a. with monthly rests Terms of repayment Repayable on demand every year within maximum period of six months
from close of then accounting year of the Company. Margin 30% Extent and operation of the charge Operate as first charge over stocks and debtors (within 0 90
days). |
|
Particulars of
the property charged |
Stocks and Debtors (within 90 days) of the Company |
Web Details
Profile
SoftTech leads Indian made civil engineering software.
Subject vision is to provide comprehensive AEC software
solutions for Civil/Structural Engineering, Architectural and Construction
industry specific applications.
The Product repertoire includes software solutions for Structural Analysis,
Design and Detailing, Estimation and Rate Analysis, Construction Site and
Project Management, ERP for
the
construction industry, E-Governance solutions and Learning Resources.
Subject is managed by a group of highly experienced, focused, and proficient
industry experts with in-depth understanding of products, and services. With a
cumulative experience of more than 200 man-years, the team have come together
to architect and deliver reliable products, and services that translate into
reduced costs, increased efficiency, improved asset utilization in terms of
people, infrastructure, and improved customer service. The team’s commitment to
quality is exemplified by the ISO 9001:2000 certification.
At Subject, they have been listening to the customers and have constantly
enhanced the innovative offerings to cater to the growing needs. Bearing
witness to this is the fact that they have a dedicated base of 4000+ customers
in India and across the world. The customers come from different verticals and
horizontals some of which include: structural engineers, architects, government
departments, public sector undertakings, private corporations and construction
enterprises.
Subject is venture funded by SVCIL (SIDBI Venture Capitals Limited) under the
NFSIT (National Fund for Software and Information Technology) constituted by
Ministry of Information Technology, Govt. of India, SIDBI and IDBI.
Acting as a force-multiplier to the offerings is the wide-spanning marketing
and support network that delivers a full spectrum of services for managing the
SoftTech products and enhancing the investment.
The edge lies in the ability to provide products, solutions and implementation
frameworks that are delivered through a strong focus on core business issues,
strong process orientation and industry domain knowledge. We partner with the
clients and implement solutions to successful completion, and ensure that they
realize the desired business benefits.
Partners
Dealers
Subject corporate culture has been built on principals emphasizing teamwork and
long-term relationships with both our clients and strategic partners. They
recognize the importance of building mutually beneficial strategic partnerships
with quality organizations and people that complement the own business models.
Subject has very lucrative terms for distributing its software products in
India and abroad. Subject believes in transparency, mutual trust and friendly
collaboration. They shall be delighted to shake hands with interested
individuals or firms to enhance each other’s business.
Subject believes in co-operation and is ever willing to solicit
proposals for joint endeavors. Subject is in niche market and as a deliberate
policy retains its operations in the areas of civil engineering.
Subject would welcome any suggestion from anywhere construed mutually
advantageous.
Having established its software products in the market, Subject is
now establishing authorized training centers at various places in India to
provide training on various software packages developed by Company.
Subject offers a brilliant revenue model that is based on the principles of
mutual growth
Investors
SoftTech is venture funded by
SIDBI Venture Capital Limited (SVCL).
SIDBI Venture
Capital Limited (SVCL) is a wholly owned subsidiary of SIDBI, incorporated in July
1999 to act as an umbrella organization to oversee the Venture Capital
operation of SIDBI. SVCL manages the various Venture Capital Funds launched/
being launched by SIDBI.
SVCL manages the National
Venture Fund for Software and Information Technology Industry (NFSIT) set up by
Small Industries Development Bank of India (SIDBI) in association with Ministry
of Information Technology (MIT), Govt. of India and IDBI (Industrial
Development Bank of India).
The main objective of NFSIT is
to meet the total fund requirements of the software and IT companies,
particularly Small Enterprises, to enable them to achieve rapid growth rates
and maintain their competitive edge in domestic and international markets.
The fund endeavors to develop
international networking and enable assisted units to attract co-investment
from international venture capitalists in subsequent rounds of financing.
Newsletter - 30 -
Indian Edition
[Thursday, 03 July, 2008]
SoftTech Engineers Private
Limited, PUNE
Accelerating Engineering
Processes
Greetings from SoftTech! We are
pleased to share recent happenings at SoftTech.
SoftTech Engineers Private Limited and its Partner IACS MENA have joined hands
SoftTech Engineers Private
Limited has joined hands with local partners at UAE to incorporate SoftTech
MENA as a subsidiary at Dubai (UAE) to strengthen their sales and marketing arm
internationally. SoftTech MENA will operate to expand business activities in
Middle East and North Africa Region. SoftTech MENA will be building local team
for marketing and implementation of all SoftTech products in the region.
ACCE Seminar at Nashik on 25th June 2008
SoftTech Engineers Private
Limited conducted a product demonstration seminar at Hotel Surya Palace, Nashik
on 25th June 2008 under the auspices of Association of Consulting Civil
Engineers, Nashik Centre. Total 57 civil & structural engineers attended
this seminar. The demonstration of STRUDS, QE-Pro and ESRGSR software packages
was given by Er. Arvind Ghadge, Regional Manager of SoftTech. We thank Er.
Jagdish Gadkari (Chairman) and Er. Sunil Bhor (Secretary) of ACCE, Nashik
Centre for coordinating this event.
Upcoming ACCE Seminar at Chennai on 23rd July 2008
We have arranged a product
demonstration seminar at Anna University Alumni Hall, Chennai under the
auspices of Association of consulting civil engineers, Chennai Centre. We shall
be giving demo of STRUDS, QE-Pro and ESRGSR software packages at this event.
Entry is free. The seminar is in evening from 6.00 PM to 8.00 PM followed by
dinner.
Upcoming Seminar at Baroda on 23rd July 2008
We have arranged a product
demonstration seminar at Hotel Surya Palace, Baroda, under the auspices of
Structural Engineers Association, Baroda. We shall be giving demo of STRUDS,
QE-Pro and ESRGSR software packages at this event. Entry is free. The seminar
timing is from 6.30 PM to 8.30 PM followed by dinner.
Training Programme at College of Military Engineering, Pune
We arranged a training
programmes for faculty members of civil and construction engineering department
of College of Military Engineering, Bopodi, Pune from 11th to 14th February and
30th June to 5th July 2008 on our STRUDS and QE-Pro software packages. SoftTech
intends to conduct more such training sessions at various engineering colleges.
Training Centre at Nagpur
Our
business associate M/s Ecosoft Solutions, Nagpur have started training
programmes on our STRUDS and QE-Pro software packages. These programmes are
targeted for professional civil / structural engineers as well as students of
civil engineering to learn the usage of these software for practical
applications. Interested persons may visit the web site of Ecosoft Solutions to
find out more details. The courses are conducted by Er. Mahesh Nalamwar, M.E.
(Structures) who has 7+ years of experience of using these software packages.
Prominent New Customers of our products
- M/s Allied Enterprises, Bangalore
- Er Ravindra Mhambre, Goa
- Er Rajendra Rathod, Surat, Gujarat
- Er Ahmed Amla, Surat, Gujarat
- Er R Vishnu Vardhan Rao, Pulla Reddy
District, AP
- M/s. Smeortan Enterprise, Mumbai
- M/s Satish's Swanlines Architects
Private Limited, Bangalore
- M/s Kupps and Sachs India Private
Limited, Chennai
- Malda Municipality, Malda, West Bengal
- Er Sanjay Verma, Jabalpur
- Er Nirmal Sutar, Udaipur
- Kolkata Metropolitan Water and
Sanitation Authority, Kolkata
- Er Arun Nadig, Bangalore
- Er Sanjay Pagar, Nashik
- Er R B Paranjape, Mumbai
- Chief Engineer (Civil), BSNL, Jammu
- Er Anil Kumar Nivergi, Mumbai
- Er Rohit Bodiwala, Ahmedabad
- Er Jayanta Barman, Guwahaty
- College of Engineering and Technology,
Bikaner
- Chief Engineer (Civil), BSNL, Ranchi
- Garrison Engineer (I) B and R, Kanpur
- Er Samir Bandopadhyay, Kolkata
- National Inst. Of Technical Teachers'
Training and Research, Kolkata
- Er Deepak Ambekar, Baroda
- Central Institute of Coastal
Engineering for Fishery, Bangalore
- Er C B Tripathi, Bhopal
- M/s Turnkey Construction Engineers,
Bangalore
- Chief Engineer, CPWD, Bangalore
- M M Consultants, Aurangabad
- Govt Polyetchnic, Karad, Maharashtra
- Garrison Engineer, Danapur, Bihar
- Er Prashant Chaure, Khamgaon,
Maharashtra
- Siliguru Jalpaiguri Development
Authority, Siliguri
- Urban Development and
Housing Department
- Er Sudhir Oak, Badlapur
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.46 |
|
UK Pound |
1 |
Rs.83.37 |
|
Euro |
1 |
Rs.64.46 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
|