1. Summary Information
|
|
|
Country |
|
|
Company Name |
KENERSYS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Francesco Giuliani |
|
Status |
Moderate |
Principal Name 2 |
Mr. Mohan Shantaram Sapre |
|
|
|
Registration # |
130881 |
|
Street Address |
S. No. 49 Industry House, OPP Kalyani Steels Limited, Mundhwa,
Pune-411036, |
||
|
Established Date |
20.10.2007 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
http://www.kenersys.com |
Product Name 1 |
Turbine Products |
|
# of employees |
65 |
Product Name 2 |
Components (WDG Components) |
|
Paid up capital |
Rs. 248,403,480/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 99.00% Bodies corporate -1.00% |
Banking |
Axis Bank |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Fellow Subsidiary |
-- |
Kenersys Europe GmbH |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,100,274,000 |
Current Liabilities |
783,313,000 |
|
Inventories |
517,558,000 |
Long-term Liabilities |
685,622,000 |
|
Fixed Assets |
58,906,000 |
Other Liabilities |
1,882,000 |
|
Deferred Assets |
000 |
Total Liabilities |
1,470,817,000 |
|
Invest& other Assets |
65,810,000 |
Retained Earnings |
276,080,000 |
|
|
|
Net Worth |
271,731,000 |
|
Total Assets |
1,742,548,000 |
Total Liab. & Equity |
1,742,548,000 |
|
Total Assets (Previous Year) |
404,140,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
524,315,000 |
Net Profit |
(172,301,000) |
|
Sales(Previous yr) |
4,678,000 |
Net Profit(Prev.yr) |
(80,451,000) |
MIRA
INFORM REPORT
|
Report Date : |
22.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
S. No. 49 Industry House, Opposite Kalyani Steels Limited, Mundhwa,
Pune-411036, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
20.10.2007 |
|
|
|
|
Com. Reg. No.: |
130881 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 761.222 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40102PN2007PTC130881 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEK08064A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADCK2089H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Wind Turbine Products and provide related services. |
|
|
|
|
No. of Employees
: |
65 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company having moderate track. There
appears some accumulated losses recorded by the company. However trade relations
are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. |
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 |
INFORMATION DECLINED BY
MANAGEMENT NON COOPERATIVE
LOCATIONS
|
Registered Office : |
S. No. 49 Industry House, Opposite Kalyani Steels Limited, Mundhwa,
Pune-411036, |
|
E-Mail : |
|
|
Website : |
http://www.kenersys.com http://www.kalyanigroup.com
|
|
Location : |
Rented |
|
|
|
|
|
Kenersys Europe GmbH, portal 10, albersloher Weg 10, 48155 |
|
Tel. No.: |
+49-0-251-21099-0 |
|
Mobile No.: |
+49-173 99 32 9 72 |
|
Fax No : |
+49(0)-251-21099-200 |
|
E-mail: : |
|
|
|
|
|
|
Magnus Fjelde, Tallstigen11, 18235 |
|
Tel. No.: |
+46-8-753.-05-35 |
|
E-Mail: |
|
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|
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|
Kenersys |
|
|
|
|
Factory : |
B-15/1, Baramati, |
|
Area : |
140000 Sq.Mtrs |
|
Location : |
Leased for 99
years |
|
|
|
|
Corporate Office
: |
Survey No.15,
Keshavanagar, Pune – 411036, |
|
Tel No : |
91-20-30462899/
40362888 |
|
Fax No : |
91-20-41061999 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2010
|
Name : |
Mr. Francesco Giuliani |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
16.03.1972 |
|
Date of Appointment : |
09.07.2008 |
|
|
|
|
Name : |
Mr. Mohan Shantaram Sapre |
|
Designation : |
Director |
|
Address : |
Tushar shram, Spahalya Colony, 32/2 B, Erandwane, Deccan Gymkhana, Pune,
Maharashtra, India |
|
Date of Birth/Age : |
25.10.1956 |
|
Date of Appointment : |
30.03.2009 |
|
|
|
|
Name : |
Mr. Shriniwas Balwant Kanade |
|
Designation : |
Director |
|
Address : |
20, Nityanand HSG Society |
|
Date of Birth/Age : |
03.04.1953 |
|
Date of Appointment : |
20.10.2007 |
|
|
|
|
Name : |
Mr. Payne Jeffrey Glenn |
|
Designation : |
Director |
|
Address : |
12 Hilltop Trail West Port 06880 |
|
Date of Birth/Age : |
09.11.1964 |
|
Date of Appointment : |
09.07.2008 |
|
|
|
|
Name : |
Mr. Patwardhan Govind Jeev Anprasad |
|
Designation : |
Director |
|
Address : |
635/86, Vijaynagae Colony, Opp. Hotel Ellora, Pune, Maharashtra, India |
|
Date of Birth/Age : |
24.04.1958 |
|
Date of Appointment : |
20.10.2007 |
|
|
|
|
Name : |
Mr. Kalyani Babasaheb Amit |
|
Designation : |
Director |
|
Address : |
221/A, Kalyani Nagar, Yerwada, Pune, |
|
Date of Birth/Age : |
26.07.1975 |
|
Date of Appointment : |
13.05.2008 |
|
|
|
|
Name : |
Mr. Kalyani Neelkanth Babasaheb |
|
Designation : |
Director |
|
Address : |
221/A, Kalyani Nagar, Yerwada, Pune, |
|
Date of Birth/Age : |
07.01.1949 |
|
Date of Appointment : |
13.05.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2010
|
Names of Shareholders (Equity Shareholders) |
|
No. of Shares |
|
Kenersys Mauritius Private Limited, |
|
24840248 |
|
Kalyani Babasaheb Amit |
|
100 |
|
Dat Trading Private Limited, Mumbai |
|
314435 |
As On 28.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companies(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.00 |
|
Bodies corporate |
1.00 |
|
Total |
100.00 |
KEY EXECUTIVE
|
Name : |
Mr. Sanjay Gandhi |
|
Designation : |
Accounts Manager |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Bhushan Joshi |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wind Turbine Products and provide related services. |
|
|
|
|
Exports : |
|
|
Products : |
·
Turbine Products ·
Components (WDG Components) |
|
Countries : |
·
·
·
|
|
|
|
|
Imports : |
|
|
Products : |
·
WDG Components ·
Raw Materials |
|
Countries : |
·
·
Some European Countries ·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
Corporate |
|
|
|
|
No. of Employees : |
65 (Approximately) |
|
|
|
|
Bankers : |
·
HDFC Bank Limited, Pune ·
Axis Bank, ·
State Bank Of |
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
S.R Batliboi and Company Chartered Accountant |
|
Address : |
Jalan Mill Compound, 95, Ganpatrao Kadam Marg, Lower Parel, Mumbai –
400013, |
|
Tel. No.: |
91-22-40356300 |
|
Fax No.: |
91-22-40356400 |
|
|
|
|
Ultimate Holding Company |
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|
|
|
|
Holding Company |
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|
Fellow Subsidiary |
|
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares (Previous year 20000000) equity shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24840348 |
Equity Shares (Previous year 17938348) equity shares |
Rs.10/- each |
Rs. 248.403
Millions |
|
|
|
|
|
Note:
Of the above 24840348 (previous year 17938348)
equity shares of Rs. 10 each are held by Kenersya Mauritius Private Limited, Mauritius,
the holding company
As on 28.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs. 800.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
76122180 |
Equity Shares |
Rs.10/- each |
Rs. 761.222
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 |
248.403 |
179.383 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
276.080 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(252.752) |
(80.451) |
0.000 |
|
|
NETWORTH |
271.731 |
98.932 |
0.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
443.060 |
47.470 |
0.000 |
|
|
2] Unsecured Loans |
242.562 |
242.563 |
134.026 |
|
|
TOTAL BORROWING |
685.622 |
290.033 |
134.026 |
|
|
DEFERRED TAX LIABILITIES |
0.397 |
0.000 |
0.00 |
|
|
|
|
|
|
|
|
TOTAL |
957.750 |
388.965 |
134.526 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
58.906 |
20.657 |
0.000 |
|
|
Capital work-in-progress |
65.810 |
22.698 |
67.662 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
517.558
|
12.722 |
0.000 |
|
|
Sundry Debtors |
402.839
|
4.703 |
0.000 |
|
|
Cash & Bank Balances |
33.904
|
20.361 |
2.636 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
663.531
|
322.999 |
71.453 |
|
Total
Current Assets |
1617.832
|
360.785 |
74.089 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Forward Contract |
4.874
|
0.000 |
0.000 |
|
|
Sundry Creditors |
665.755
|
13.929 |
6.801 |
|
|
Current Liabilities |
112.684
|
0.906 |
0.448 |
|
|
Provisions |
0.995
|
0.340 |
0.000 |
|
|
Unamortized Discount |
0.490
|
0.000 |
0.000 |
|
Total
Current Liabilities |
784.798
|
15.175 |
7.249 |
|
|
Net Current Assets |
833.034
|
345.610 |
66.840 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.024 |
|
|
|
|
|
|
|
|
TOTAL |
957.750 |
388.965 |
134.526 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
524.315 |
4.678 |
|
|
|
Other Income |
|
45.066 |
1.638 |
|
|
|
TOTAL (A) |
|
569.381 |
6.317 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of raw material Consumed |
|
521.193 |
4.240 |
|
|
|
Increase and Decrease in Work In Progress |
|
(31.615) |
0.000 |
|
|
|
Personal Expenses |
|
36.572 |
21.366 |
|
|
|
Other Expenses |
|
173.445 |
28.201 |
|
|
|
Capital work in Progress |
|
0.000 |
25.622 |
|
|
|
TOTAL (B) |
|
699.595 |
79.429 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(130.214) |
(73.112) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
34.931 |
3.894 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(165.145) |
(77.006) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
6.759 |
3.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
(171.904) |
(80.302) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
(0.397) |
0.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
(172.301) |
(80.451) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
(80.451) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
|
(252.752) |
(80.451) |
|
|
|
|
|
|
|
|
|
|
Earnings
Per Share (Rs.) |
|
(9.31) |
(5.21) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(382.33)
|
(4911.53) |
(1273.56) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(32.78)
|
(1716.58) |
(1716.59) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.62)
|
(22.25) |
(108.38) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.32)
|
(0.44) |
(0.30) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.49
|
0.08 |
14.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06
|
23.77 |
10.22 |
LOCAL AGENCY FURTHER INFORMATION
Nature of
Operations:
Subject was
incorporated as Private Limited Company under the Companies Act, 1956 on
October 20, 2007. The Company is in the business of supply, erection,
installation, operations and maintenance of wind turbine generators (WTG) and
is also engaged in other related activities including development of wind farm.
BUSINESS
ACTTVITIES:
The company is in
the business of supply of wind turbine generators (WTG), erection and
installation of WTG, development of wind farms and operations and maintenance
contracts for maintaining the WTGs etc. During the year, the Company has
entered into a contract for acquisition of components with Suppliers and
started marketing activities for WTG. After meeting all the outgoings, the
year's working resulted in a net loss of Rs. 80.45 Millions.
This year's loss
includes Rs. 43.35 million pertaining to CAPEX.
SHARE CAPITAL:
During the year
company issued 1, 78, 88,348 equity shares of Rs. 10 /- each for cash at par.
Consequently the paid up share capital of the Company has been increased from
Rs. 0.500 Million to Rs. 179.383 Millions
HOLDING COMPANY:
During the year,
the entire paid up capital the company has been acquired by Kenersys Mauritius
Private Limited As a result M/s Kenersys India Private Limited became wholly
owned subsidiary of M/s Kenersys (
TRADE REFERENCES:
·
Tata Power
·
(C-wet) – Centre of Wind Energy Technology
Note:
Corporate Address mentioned in previous report is currently under non
operation, they have shifted to another premises i.e. present corporate office.
|
Corporate
identity number of the company |
U40102PN2007PTC130881 |
|
Name of the
company |
KENERSYS INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
S. NO. 49
INDUSTRY HOUSE OPP KALYANI
STEELS LTD, MUNDHWA PUNE 411036 |
|
This form is for |
Creation of charge
|
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
State Bank of
India Industrial Finance Branch, 2nd floor, Tara chambers, Pune - |
|
Nature of instrument
creating charge |
Joint Deed of
Hypothecation signed and executed on 10/11/2008 to create joint charge
against the assets of the borrower Company for the loan facility extended
under consortium finance with Axis Bank FC Road Branch Pune. |
|
Date of
instrument Creating the charge |
10.11.2008 |
|
Amount secured by
the charge |
1750.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest:
For Cash Credit Facility of 900.000 Millions :13.75% with monthly rests Terms of
Repayment: DCC: On Demand. The tenor of the facility would be of 12 months
from the date of sanction. Margin: Raw
Material/Stock in Progress/ Finished Goods:25% For Book Debts(covering 90
days)30% For LC and BG:5% for Disputed BG:100% Extent and
Operation of the charge: The State Bank of India IFB Branch Pune will have
1st pari-passu charge by way of hypothecation on entire current assets of the
company jointly with AXIS Bank. The SBI IFB will have 2nd pari passu charge
on Fixed Assets along with AXIX Bank. Others:
Commitment charges 0.25% on the entire unutilized portion if average
utilization is 60% or less on half yearly basis. |
|
Short particulars
of the property charged |
The State Bank of
India IFB Branch Pune will have 1st pari-passu charge by way of hypothecation
on entire current assets of the company jointly with AXIS Bank. The SBI IFB
will have 2nd pari passu charge on Fixed Assets along with AXIX Bank for
which the records have been maintained at the works and at the registered
office of the Company. |
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] 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.45.61 |
|
|
1 |
Rs.75.32 |
|
Euro |
1 |
Rs.65.68 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
26 |
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.