MIRA
INFORM REPORT
|
Report Date : |
17.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
S. V. S. WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No.D-36, Phase No. IV Extension, I.D. S. Jeedimetla, R. R. ST,
Hyderabad – 500055, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
26.06.1996 |
|
|
|
|
Com. Reg. No.: |
01-24442 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209AP1996PTC024442 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS04075B HYDS04192G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS9904P |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturers of Superior Quality Refrigerator Wire. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track records. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
|
|
|
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered /Head Office/ Unit I : |
Shed No.D-36, Phase No. IV Extension, I.D. S. Jeedimetla, R. R. ST,
Hyderabad – 500055, Andhra Pradesh, India
|
|
Tel. No.: |
91 - 40 - 23092271, 23090050, 65980632 |
|
Fax No.: |
91 - 40 - 23097228 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Condensor and Filter
Drier Plant Unit II |
Plot No. 4, Phase IV Extn. Jeedimetla, Hyderabad, Andhra
Pradesh, India |
|
Tel. No.: |
91 - 40 - 23091045, 65980634 |
|
|
|
|
West India Shelf
Plant (Pune Unit) |
Gat No. 35/1 Village: Karde, Taluka: Shirur, Dist: Pune,
Maharashtra, India |
|
Tel
No: |
91 - 2138 - 288016 |
|
Email
: |
|
|
|
|
|
North
India Shelf Plant (Ghaziabad Unit) |
1022 , Bisrakh Road, Village : Chapraula, Dist : Gautam
Budh Nagar, U.P , India |
|
Tel
No: |
91 - 120 - 6529869,6529816 |
|
Fax
No.: |
91 - 120 - 2717641 |
|
Email
: |
|
|
|
|
|
Polymer
Division |
D-1, Phase IV Extn. Jeedimetla, Hyderabad, Andhra Pradesh, India |
|
Tel. No.: |
91 - 40 - 23193406, 65980635 |
|
Fax No.: |
91 - 40 - 23097228 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 29.09.2010)
|
Name : |
Mr. Praveen Kumar Tyagi |
|
Designation : |
Director |
|
Address : |
Plot No.41 and 45, Kiran Enclave, Sikh Road, Secunderabad – 500009,
Andhra Pradesh, India |
|
Date of Birth/Age : |
13.11.1972 |
|
Qualification : |
M. Tech |
|
Date of Appointment : |
01.08.2004 |
|
|
|
|
Name : |
Mrs. Madhu Tyagi |
|
Designation : |
Director |
|
Address : |
Plot No.41 and 45, Kiran Enclave, Sikh Road, Secunderabad – 500009,
Andhra Pradesh, India |
|
Date of Birth/Age : |
15.06.1964 |
|
Date of Appointment : |
26.06.1996 |
|
|
|
|
Name : |
Mr. M. Rajasekhara Sastry |
|
Designation : |
Director |
|
Address : |
Plot No.407, SMR Empire Street No.9, West Marredpally, Secunderabad,
Andhra Pradesh, India |
|
Date of Birth/Age : |
17.06.1940 |
|
Date of Appointment : |
04.09.1997 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Madhu Tyagi |
|
52240 |
|
M. Rajasekhara Sastry |
|
1000 |
|
Vijaya Laxmi Sastry |
|
925 |
|
S. K. Tyagi and Sons (HUF) |
|
5560 |
|
Ashok Thakur |
|
3300 |
|
Govind Giri |
|
3250 |
|
Sita Ram Gupta |
|
2000 |
|
Suresh Kumar Tyagi |
|
18460 |
|
Praveen Kumar Tyagi |
|
84215 |
|
Bhavana Tyagi |
|
24050 |
|
Rita Giri |
|
1000 |
|
R P Singh |
|
2150 |
|
Tarun Kumar Tyagi |
|
1000 |
|
Preeti Tyagi |
|
500 |
|
Mukesh Tyagi |
|
1000 |
|
Arun Tyagi |
|
9500 |
|
Veerender Kumar Tyagi |
|
1000 |
|
Praveen Kumar Tyagi and Sons (HUF) |
|
3850 |
|
Shashi Kumar |
|
2000 |
|
Rekha Gupta |
|
3000 |
|
|
|
|
|
Total |
|
220000 |
(AS ON 30.09.2010)
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
89.60 |
|
Other top fifty shareholders |
|
10.40 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Superior
Quality Refrigerator Wire. |
GENERAL INFORMATION
|
Customers : |
·
Anchor Daewoo Industries Limited, Pune · Applicomp (India) Limited, Bangalore ·
Electrolux Kelvinator Limited, Warora ·
Hindustan Coca-Cola, Hyderabad ·
Godrej and Boyce Mfg Limited, Mohali, Shirwal · Applicomp (India) Limited, Gurgaon ·
Maharaja Appliances , Baddi ·
Indo-western Refrigeration Private Limited,Mumbai ·
Videocon Appliances Limited, ·
Videocon Industries Limited, Aurangabad, Noida ·
TI Cycles , Chennai, Nasik · Rockwell Industries Limited, Hyderabad ·
Voltas Limited, Hyderabad, Rudrapur · Whirlpool of India Limited, Faridabad, Pune |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel West,
Mumbai – 400013, Maharashtra, India · State Bank of Hyderabad · Indusind Bank Limited · ICICI Bank |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dagliya and Company Chartered Accountant |
|
Address : |
2nd Floor, Srinivasa Building, Ranigunj, Secunderabad –
500003, Andhra Pradesh, India |
CAPITAL STRUCTURE
(AS ON 29.09.2010)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Share |
Rs.100/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
220000 |
Equity Share |
Rs.100/- each |
Rs.22.000 Millions
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
22.000 |
13.495 |
8.905 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
28.594 |
18.711 |
13.594 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
50.594 |
32.206 |
22.499 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
69.262 |
43.762 |
50.165 |
|
|
2] Unsecured Loans |
9.251 |
7.749 |
10.488 |
|
|
TOTAL BORROWING |
78.513 |
51.511 |
60.653 |
|
|
DEFERRED TAX LIABILITIES |
5.919 |
5.014 |
4.179 |
|
|
|
|
|
|
|
|
TOTAL |
135.026 |
88.731 |
87.331 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
72.476 |
55.769 |
42.305 |
|
|
Capital work-in-progress |
0.739 |
0.731 |
2.296 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.010 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
44.103
|
28.418 |
21.504 |
|
|
Sundry Debtors |
75.338
|
63.179 |
60.822 |
|
|
Cash & Bank Balances |
1.498
|
1.205 |
1.602 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
19.206
|
13.927 |
12.891 |
|
Total
Current Assets |
140.145
|
106.729 |
96.819 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
63.051
|
68.279 |
46.619 |
|
|
Other Current Liabilities |
15.283 |
6.219 |
6.642 |
|
|
Provisions |
0.000 |
0.000 |
0.938 |
|
Total
Current Liabilities |
78.334
|
74.498 |
54.099 |
|
|
Net Current Assets |
61.811
|
32.231 |
42.720 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
135.026 |
88.731 |
87.331 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Turnover) |
471.437 |
324.505 |
240.928 |
|
|
|
Other Income |
NA |
1.068 |
3.025 |
|
|
|
TOTAL (A) |
NA |
325.573 |
243.953 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Increase/ Decrease in stock |
|
(2.115) |
3.814 |
|
|
|
Raw Material Consumed |
|
241.211 |
180.228 |
|
|
|
Manufacturing Expenses |
|
30.827 |
23.200 |
|
|
|
Other Expenses |
|
25.023 |
11.308 |
|
|
|
Salaries and Other Benefits to Employees |
|
10.345 |
5.551 |
|
|
|
Selling and Distribution Expenses |
|
1.728 |
2.030 |
|
|
|
Prior Period / extraordinary Items |
|
0.017 |
0.664 |
|
|
|
TOTAL (B) |
|
307.036 |
226.795 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
18.537 |
17.158 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
7.569 |
9.955 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
10.968 |
7.203 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.798 |
2.463 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
8.170 |
4.740 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
5.090 |
1.355 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.884 |
5.106 |
3.385 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
3.366 |
8.652 |
9.667 |
|
|
TOTAL EARNINGS |
3.366 |
8.652 |
9.667 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
32.796 |
17.574 |
5.069 |
|
|
|
Others |
3.364 |
4.509 |
-- |
|
|
TOTAL IMPORTS |
36.160 |
22.083 |
5.069 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
44.93 |
37.84 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
1.57 |
1.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.52 |
1.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
5.03 |
3.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.25 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.10
|
3.91 |
5.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79
|
1.43 |
1.79 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
U27209AP1996PTC024442 |
|
Name of the
company |
S. V. S. WIRES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Shed No.D-36,
Phase No. IV Extension, I.D.S. Jeedimetla, R.R.DT, Hyderabad – 500055, Andhra
Pradesh, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel West,
Mumbai – 400013, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
24.03.2011 |
|
Amount secured by
the charge |
Rs.112.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of
Interests: Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment: Working Capital
facility shall be repayable On Demand Term Loan shall be
repayable in suitable installments. Margin: As may be
stipulated by the Bank from time to time. Extent and
Operation of the Charge: The Company
accorded and gave oral consent to Bank to continue to hold and retain the
title deeds (by way of constructive delivery) in respect of its existing and
New immovable properties as stated under Item No.15 below, as security for
repayment of Rs.112.000 Millions by the Company, together with principal,
interest, liquidated damages, costs, charges and expenses. |
|
Particulars of
the property charged |
Immovable
properties being all that piece and parcel of land bearing S. No 35/1 Village
Karde, Tq. Shirur, Pune. Immovable
properties being all that shed D-37 adm 715.23 Sq. yards in Sy. No. 791,
Phase - IV, Block no 21, IDA Jeedimetla Immovable
properties being Open place in shed no D-37 adm 678 sq yards in Sy No.79,
Phase-IV, Block No 21, IDA Jeedimetla Immovable
properties being No. 1-6-13-1/3, Khata No. 46, Khet No. 1022, Chapiola Village,
Paragana and Tehsil Dadri, Bisrak Road, Dist Gautam Budh Nagar, Ghaziabad, UP
- 201001. Immovable
properties being all that shed on plot no.4, Part, area 590 sq. yards, 493.24
sq mtrs, in Sy No.79, Phase-IV, Extension Block No.21, 10A, Jeedinetla,
Gajularanaman Village, Qutbullapur*** **** Mandal, R R
District. |
|
Particulars of
the present modification |
The equitable
mortgage/charge shall now stand revised upto Rs.112.000 Millions, in favour
the Bank. |
FIXED ASSETS:
· Land
· Building
· Furniture and Fixtures
· Plant and Machinery
· Generator
· Vehicles
· Elect Installations
· Fire Extinguisher
· Computers
WEBSITE DETAILS:
PROFILE:
Subject works
on the solid foundation of the very latest technology and the best equipments, supported
by a team of highly qualified and well-trained personnel. In a short span of
time, it has become one of the leading names in India as well as abroad as
manufacturers of superior quality refrigerator wire shelving in India with all
the refrigerator manufacturing companies in India under its fold.
The wire shelf manufacturing plant was started in 1995 with
a production capacity of 15,000 shelves per month at Hyderabad.
By 1998 the wire shelf manufacturing plant at Hyderabad
reached a capacity of 3,00,000 shelves per month.
In 1999, condenser (wire-on-tube) manufacturing was started
at what was earlier known as Rajat Coats Private Limited and later merged into
SVS Wires Private Limited. Total installed capacity of the condenser plant is
60,000 Nos per month.
In 2002 in same company i.e. Rajat Coats Private Limited,
they added another product range i.e., the filter driers, strainers,
accumulators e.t.c.
In 2003, an independent wire shelf manufacturing plant was
started at Ghaziabad, near New Delhi to cater to the Northern region. This
plant has an installed capacity to manufacture 400,000 to 500,000 refrigerator
wire shelves per month and is the largest wire shelf plant in north India.
2004 saw the commissioning of one more wire shelf plant near
Pune with an installed capacity of 2,00,000 shelves per month and soon to be
upgraded to 4,00,000 shelves per month.
The company is backed by its other group units, which
manufacture Mild Steel wires and LDPE powders for coating on wire products.
The installed capacities of products plant wise are as
under.
Company (Unit I) - 6,00,000 shelves per month
Company (Pune Unit) - 4,00,000 shelves per month
Company (Ghaziabad Unit) - 4,00,000 shelves per month
Company (Unit II) - 60,000 Condensors per month
-
2,00,000 Driers per month.
Company - 100 Tones of powders per month
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject : None
5] on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
|
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.06 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.