MIRA
INFORM REPORT
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Report Date : |
22.02.2011 |
IDENTIFICATION DETAILS
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Name : |
SUPREME AND COMPANY PRIVATE LIMITED |
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Registered Office : |
33/1, Netaji Subhas Road, 3rd
Floor, Room No. 339, Kolkata – 700 001, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
26.04.1978 |
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Com. Reg. No.: |
21 - 31466 |
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CIN No.: [Company
Identification No.] |
U24116WB1978PTC031466 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALS17898G |
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PAN No.: [Permanent
Account No.] |
AACCA7232K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Electrical Goods. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (53) |
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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 1100000 |
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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 an old and established company having satisfactory track.
Trade relations are fair. Business is active. Payments are reported as slow
but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. The 2010 Profit and Loss account of the company is not available. |
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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DECLINED BY
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Name : |
Mr. Harish Agarwal |
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Designation : |
Director |
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Contact No.: |
91-9903999555 |
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Date : |
01.02.2011 |
LOCATIONS
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Registered Office : |
33/1, Netaji Subhas Road, 3rd Floor, Room No-339, Kolkata –
700 001, West |
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Tel. No.: |
91-33-24747565 / 24747585 / 24745984 / 24745985 |
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Fax No.: |
91-33-24746537 / 24761955 |
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E-Mail : |
sales@supremeco.com, rajesh@supremeco.com, vrmor.kar@axisbank.com sbp@supremeco.com, sikha-sales@supreme.in, bob@supremeco.com, |
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Website : |
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Corporate Office : |
53, |
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Tel. No.: |
91-33-24747565/24747585/24745984/5985/26516701 |
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Fax No.: |
91-33-24761955/24746537/26516706 |
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Factory : |
P-200, |
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Tel. No.: |
91-33-2651 3719/ 26516701/05 |
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Fax No.: |
91-33-651 4792/ 26516706 |
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Sales Office : |
Located at: 2, |
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Tel No.: |
44-1778-571800 |
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Mobile No.: |
44-7747-830086 |
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Fax
No.: |
44-8452-802292 |
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E-mail
: |
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Sales Office : |
Located at: 5974 Highway, 129 North, Unit H, |
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Tel No.: |
706 – 693 - 2090 |
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Mobile No.: |
678-665-5415 |
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Fax No.: |
706-693-2099 |
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E-mail : |
DIRECTORS
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Name : |
Mr. Omkar Agarwal |
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Designation : |
Director |
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Address : |
22/2A, |
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Date of Birth/Age : |
12.03.1935 |
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Date of Appointment : |
01.07.1988 |
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Name : |
Mr. Harish Agarwal |
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Designation : |
Director and CEO |
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Address : |
22/2A, |
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Date of Birth/Age : |
30.01.1959 |
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Date of Appointment : |
22.11.1999 |
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Name : |
Mr. Ramesh Rani Agarwal |
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Designation : |
Director |
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Address : |
22/2A, |
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Date of Birth/Age : |
04.04.1940 |
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Date of Appointment : |
20.03.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2009
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Names of Shareholders |
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No. of Shares |
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Rajesh Agarwal |
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3094500 |
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Omkar Agarwal |
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2274900 |
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Harish Agarwal |
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2175900 |
|
Devansi Consultancy Private Limited, |
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2500000 |
|
Rama Consultancy Company (1993) Private Limited, |
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500000 |
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Gupta Holdings Private Limited, |
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350000 |
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B D G Holding Private Limited, |
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250000 |
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Bee Dee Traders Private Limited, |
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200000 |
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Shree Ram Computers and Financial Consultants Private Limited , |
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200000 |
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Makesworth Investors and Traders Private Limited, |
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200000 |
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Ramesh Rani Agarwal |
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180100 |
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Sonika Promoters and Fincon Private Limited, |
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150000 |
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Monika Builders and Fincon Private Limited, |
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150000 |
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Thirdwave Fiscal and Investment Services Private Limited, |
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150000 |
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Sakar Lefin And Investments Private Limited, |
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100000 |
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Kavita Agarwal |
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94000 |
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Rishav Merchants Private Limited, |
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50000 |
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Kautiya Tradecom Private Limited, |
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50000 |
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Jineswar Commerce Private Limited, |
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50000 |
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Shreyans Commotrade Private Limited , |
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50000 |
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Vasudha Vyapaar Private Limited, |
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50000 |
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Sudha Agarwal |
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100 |
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Rekha Agarwal |
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100 |
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Total
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12819600 |
As on 30.09.2009
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Bodies
corporate |
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31.00 |
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Directors
or relatives of directors |
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69.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Electrical Goods. |
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Products : |
Apart From Products Complete Engineering Procurement and Construction Services Are Provided For Following Areas:
Design, Development and Supply Of Specialized Electrical Equipments |
PRODUCTION STATUS (As on 31.03.2009)
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Particulars |
Unit |
Actual
Production |
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Galvanised Steel Fabrication, Alluminium, Copper, Plastic and Rubber
Accessories |
MT |
25000 |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
50 (In Office 8 + In Factory 42) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
B K Sahoo and Company Chartered Accountants |
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Address : |
7B, |
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Tel. No.: |
91-33-32402875 |
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Mobile No.: |
91-931121870/9831021870 |
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Fax No.: |
91-33-24117233 |
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E-Mail : |
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Pan No.: |
AAGFB9003L |
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Subsidiaries : |
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CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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14000000 |
Equity Shares |
Rs. 10/- each |
Rs.140.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14349600 |
Equity Shares |
Rs. 10/- each |
Rs.143.496 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
143.496 |
121.196 |
98.196 |
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2] Share Application Money |
5.000 |
5.000 |
0.000 |
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3] Reserves & Surplus |
120.354 |
83.984 |
59.304 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
268.850 |
210.180 |
157.500 |
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LOAN FUNDS |
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1] Secured Loans |
922.653 |
583.433 |
425.262 |
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2] Unsecured Loans |
12.806 |
34.850 |
67.878 |
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TOTAL BORROWING |
935.459 |
618.283 |
493.140 |
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DEFERRED TAX LIABILITIES |
0.967 |
0.446 |
0.001 |
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TOTAL |
1205.276 |
828.909 |
650.641 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
115.862 |
94.901 |
42.419 |
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Capital work-in-progress |
14.890 |
0.000 |
16.819 |
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INVESTMENT |
14.123 |
12.509 |
11.019 |
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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 |
362.242
|
225.428
|
265.487
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Sundry Debtors |
639.544
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567.380
|
416.681
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Cash & Bank Balances |
229.723
|
97.299
|
65.907
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Other Current Assets |
0.000
|
0.000
|
0.000
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Loans & Advances |
271.137
|
249.996
|
196.217
|
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Total
Current Assets |
1502.646
|
1140.103
|
944.292
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
442.245
|
418.604
|
363.908
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Other Current Liabilities |
0.000
|
0.000
|
0.000
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Provisions |
0.000
|
0.000
|
0.000
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Total
Current Liabilities |
442.245
|
418.604
|
363.908
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Net Current Assets |
1060.401
|
721.499
|
580.384
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1205.276 |
828.909 |
650.641 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
|
1763.565 |
1251.477 |
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Other Income |
|
67.972 |
34.531 |
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TOTAL (A) |
NA |
1831.537 |
1286.008 |
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Less |
EXPENSES |
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Raw Material Consumed |
|
1064.626 |
883.365 |
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Trading Purchase |
|
202.521 |
0.000 |
|
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Manufacturing Expenses |
|
165.595 |
185.358 |
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|
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Administrative Expenses |
NA |
199.727 |
149.920 |
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Employee Cost |
|
20.443 |
17.391 |
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Increase/(Decrease) in Finished Goods |
|
45.698 |
(30.811) |
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TOTAL (B) |
NA |
1698.610 |
1205.223 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
132.927 |
80.785 |
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Less |
FINANCIAL EXPENSES (D) |
NA |
85.225 |
49.589 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
47.702 |
31.196 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
7.594 |
6.453 |
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PROFIT BEFORE
TAX (E-F) (G) |
55.890 |
40.108 |
24.743 |
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Less |
TAX (H) |
19.520 |
15.428 |
8.800 |
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PROFIT AFTER TAX
(G-H) (I) |
36.370 |
24.680 |
15.943 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
83.984 |
59.304 |
43.360 |
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BALANCE CARRIED
TO THE B/S |
120.354 |
83.984 |
59.304 |
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Earnings Per
Share (Rs.) |
2.84 |
- |
- |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
NA
|
1.35
|
1.24
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Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.27
|
1.97
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Return on Total Assets (PBT/Total Assets} |
(%) |
2.87
|
3.25
|
2.51
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.19
|
0.16
|
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Debt Equity Ratio (Total Liability/Networth) |
|
1.47
|
4.93
|
5.44
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Current Ratio (Current Asset/Current Liability) |
|
3.40
|
2.72
|
2.59
|
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The Registered
Office of the company has been shifted from 53,
FORM 8
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Name of the company |
SUPREME AND
COMPANY PRIVATE LIMITED |
|
Presented By |
UCO Bank, Industrial
Finance Branch, 3, N S Road, Kolkata – 700 091, and the company. |
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1) Date and description of instrument creating the change |
1. Hypothecation
agreement of goods (Form no. A – 9) for demand cash credit of Rs. 50.000
millions dated 24.09.2005 2. Hypothecation
agreement of book debts (Form no. A – 9B) for demand cash credit of Rs.
50.000 millions dated 24.09.2005 3. Demand
promissory note (Form No. A.3) for cash credit of Rs. 50.000 millions dated
24.09.2005 4. Hypothecation
agreement (Form no. A. 9A) for term loan of Rs. 30.000 millions dated
24.09.2005 5. Hypothecation
agreement (Form no. A – 9B) of book debts for term loan of Rs. 30.000
millions dated 24.09.2005 6. Agreement for
term loan of Rs. 30.000 millions (Form no. A – 109) dated 24.09.2005 7. Hypothecation
agreement (Form no. A – 9A(R) of movable plant and machinery , equipments etc
for Rs. 80.000 millions dated 24.09.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Term loan : Rs.
30.000 millions Cash credit : Rs.
50.000 millions, Total limit : Rs. 80.000 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 |
1. The company
hereby creates exclusive first charge on the current assets of the company by
hypothecating the entire stocks of raw materials, WIP, and finished goods,
stores and spares and other movables, both present and future stored or to be
stored at the company’s premises godowns / factory situated at NH – 6, Bombay
Road, Mouza, Chamrail, P S Liluah, Dist – Howrah, West Bengal, India 2. The company
hereby assigns by way of exclusive first charge of all the present and future
book debts, bills, money receivables, etc. of the company’s factory situated
at NH – 6, Bombay Road, Mouza, Chamrail, P S Liluah, Dist – Howrah, West
Bengal, India 3. The company
hereby creates exclusive first charge on the entire movable and immovable
assets like plant and machinery, equipments, appliances, tools, shed,
structures etc. both presewnt and future, installed or to be installed out of
the Term loan, at the company’s factory situated at NH – 6, Bombay Road,
Mouza, Chamrail, P S Liluah, Dist – Howrah, West Bengal, India. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
1. Rate of Interest Term loan: @ BPLR
i.e. 11% p.a. Cash credit: @
BPLR i.e. 11% p.a. 2. Margin Term loan :
@24.24% Cash credit : For
1 Year 3. Period Term loan : 84
months Cash credit : For
1 Year 4. Mode of repayment Term loan:
Repayable in 84 monthly instalments. Cash credit: On
demand |
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5) Name and Address and description of the person entitled to the charge. |
UCO Bank,
Industrial Finance Branch, 3, N S Road, Kolkata – 700 091, West |
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6) Date and brief description of instrument modifying the charge |
Nil |
|
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. |
Nil |
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This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10198475 |
|
Corporate
identity number of the company |
U24116WB1978PTC031466 |
|
Name of the
company |
SUPREME AND
COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
33/1, Netaji Subhas Road, 3rd Floor, Room No. 339,
Kolkata-700001, West |
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Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
Bank of India,
Kolkata Corporate Banking Branch, 5, B.T.M. Sarani, Kolkata – 700001, West
Bengal, India E-mail ID:
corporatebanking.kolkata@bankofindia.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental deed
of hypothecation of tangible movable property. |
|
Date of
instrument Creating the charge |
16.12.2009 |
|
Amount secured by
the charge |
Rs. 200.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Interest will be charged
at 2.75% below BPLR, Presently effective of 9.25% p.a. payable at monthly
rests or at such other rate as may be notified by bank from time to time. Terms of
repayment On demand. Margin EPC: 25%, LC
(I/F) DA- 120 days: 10%. Extent operation of
the charge EPC Security:
Hypothecation of stocks comprising of Cables, transformers, fuses and
structures procured by the dedicated suppliers of the company for which the
company will have to pay advance to those dedicated manufacturer suppliers. |
|
Short particulars
of the property charged |
1)
All
movable and tangible assets borrowers International Trading Division such as
Cable, Conductor, Fuses, Transformers, Structures and other electrical
products & other stocks etc. 2)
Created
out of the bank finance, kept in company's factory premises, godown, its
dedicated manufacture suppliers factory premises, godowns and or where so
ever in transit. |
|
Particulars of
the present modification |
By this
modification, the overall limit has been increased/ realigned/ revised from
Rs.100.000 millions to Rs.200.000 millions. The details of limits are as
under:- Facility Revised Limits FB EPC (LC) Rs.100.000 millions NFB LC (I/F) DA - 120
days Rs.100.000 millions Total/ Maximum
(WC) Rs.200.000 millions Other terms and
condition remain unchanged. |
FIXED ASSETS:
- Land
- Building and
Shed
- Plant and
Machinery
- Office
Equipment
- Computer
- Furniture and
Fixture
- Motor And Commercial
Vehicle
- Air
Conditioner
WEBSITE DETAILS:
History
Subject was incorporated on 26th April, 1978 at
Kolkata in
Subject was originally incorporated under the name and style of Sawalka Chemicals Limited later on which was changed to Asian Auto tech Limited with effect from 21st June, 1985.
Established in 1970 as a Fasteners manufacturing unit, the
company has been exporting its products since 1975 and has since evolved into
The company accreditation was upgraded from ISO - 9002 to ISO
9001:2000 series which represents enhance capabilities as well
as better compliance to quality standards.
Business
Subject is engaged in manufacturing and exporting of Poleline Hardware, Telecom OSP Fittings, ABC Fittings, Fittings for OFAC System, Fittings for OPGW System, Anchoring, Substation Connector, Guy Strain and Polymeric, Insulator End Fittings, Insulator Hardware Fittings, Earthing and Protection Accessories, Helical Product, Compression Connector, Clamp and Connector, Suspension and Tension String Assembly, Connector for Heat Shrink Joints and Terminations, Conductor.
Objectives
The core objective of the company. is to provide its customers with products of globally acceptable quality at globally competitive prices and provide the best possible service right from the stage of enquiry till the completion of the contract.
The company. will continue to invest in equipment, Rand D, manpower as well as Information Technology, to continuously improve and upgrade the level of its service to its customers satisfaction, and will endeavor to enhance its overall capabilities in order to effectively compete and succeed in the Global Market place.
Export Awards
The Company consistent winner of
Export Excellence Award instituted by the Ministry of Commerce, Government of India
through Engineering Export Promotion Council, having received its fifth export
award in 1975-76.
Supreme and Co. has received awards every year since 1992-1993 and hopes to
continue its award winning performance by consistently enhancing its export
performance and extending its foot print over new and emerging markets
The enlarged copies of various
export awards won by the company click on the images below.
- Engineering
Export Promotion Council
- Awards for
Export Excellence
- Council for
outstanding Exports.
Electric Power is one of the key
outcome and engine of growth. As the world is getting globalize and the span of
Commerce is overcoming the geographical distance and national boundaries,
communication as a convergent technology is both the lubricant for this Engine
and the catalyst for continuous changes.
The product line
of Supreme includes a wide range of products, services and solutions
for transmission and distribution of Electrical Power, Application of Aerial
Fibre Optics and Design, Manufacturing and Installation of Communication
Towers.
Subject’s Founder Chairman Mr. Omkar Agarwal came to Kolkata in
1957 from Amritsar and with his two elder and one younger brothers, embarked on
a journey to make their mark on the city’s Fastener Industry with a resource
base comprising of bellies full of fire, hearts bursting with ambition and
minds highly focused to the goal.
They were perfect examples of synergy in business at a
time when such terminology formed no part of the business lexicon. They were
torch bearers of family values, brotherhood and living embodiment of the
philosophy of simple living and high thinking.
In 1981, there was an amicable division of family business
among the brothers and Mr. Omkar Agarwal took over the reigns of Supreme,
which ever, since has enjoyed the flagship status in the group of businesses
being run under his Chairmanship till date.
During this period, in line with the tradition of Indian
business families, he was joined by his two college-going sons, Harish and
Rajesh Agarwal, who continue to manage the Group’s affairs as CEO and President
respectively.
The company was established as a steel based engineering
unit having annual capacity of 3600 metric tones. It has since diversified and
grown into a leading multi-product engineering unit having combined annual
capacity of 25000 metric tones of comprised galvanized steel fabrications and a
very large range of Aluminum, Copper, Plastic and Rubber Accessories to cater
the global requirements of Tower, Hardware and Accessories for Power
Transmission and Distribution Lines.
Since its diversification into the Transmission and
Distribution sector in 1991, subject has now progressed as arguably
In the field of Power Distribution, subject enjoys a
leadership position with an unmatched range of products, equipments and
services being exported round the globe.
Subject offers a comprehensive range of Power
Transmission and Distribution Line Accessories and products from 0.4 KV to 400
KV which are subjected to stringent quality control checks at the time of
manufacturing as well as before shipment.
Since its
inception, subject had a clear focus on the export market. The
company started exporting its products in 1972 and has since spread its wings
to more than 50 countries around the world.
The Quality Management System of the company is certified as per ISO
9001:2000 guide lines. Besides, the Company is certified as per ISO 14001:2004
for environmental management system.
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 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.45.18 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.61.43 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
|
53 |
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.