1. Summary Information
|
|
|
Country |
|
|
Company Name |
TAEGUTEC INDIA
PRIVATE LIMITED |
Principal Name 1 |
Mr. L Krishnan |
|
Status |
Good |
Principal Name 2 |
Mr. Alok Bhartia |
|
|
|
Registration # |
025888 |
|
Street Address |
# 119 and 120,
Bommasandra Industrial Area, Phase IV, Attibele Hobli, |
||
|
Established Date |
27.10.1999 |
SIC Code |
- |
|
Telephone# |
91-80-7831870/72/27839111 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-7831869/27839123 |
Business Style 2 |
--- |
|
Homepage |
Product Name 1 |
Turning Tools and Inserts |
|
|
# of employees |
--- |
Product Name 2 |
Milling Cutters |
|
Paid up capital |
Rs.
46,986,700 |
Product Name 3 |
Inserts Parting and Grooving Tools |
|
Shareholders |
Foreign Holding
(65.00%) |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A
(58) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
|
IMC International Metal Working Company
B.V |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
862,654,000 |
Current Liabilities |
258,080,000 |
|
Inventories |
268,742,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
460,763,000 |
Other Liabilities |
41,846,000 |
|
Deferred Assets |
0.000 |
Total Liabilities |
299,926,000 |
|
Invest& other Assets |
14,152,000 |
Retained Earnings |
1,259,398,000 |
|
|
|
Net Worth |
1,306,385,000 |
|
Total Assets |
1,606,311,000 |
Total Liab. & Equity |
1,606,311,000 |
|
Total Assets (Previous Year) |
1,372,406,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,377,516,000 |
Net Profit |
338,695,000 |
|
Sales(Previous yr) |
1,268,615,000 |
Net Profit(Prev.yr) |
222,656,000 |
MIRA
INFORM REPORT
|
|
|
|
Report Date : |
22.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
TAEGUTEC INDIA PRIVATE LIMITED (w.e.f.10.03.2003) |
|
|
|
|
Formerly Known
As : |
TAEGUTEC INDIA LIMITED |
|
|
|
|
Registered
Office : |
#119 and 120, 4th Phase, Bommasandra Industrial Area,
Attibele Hobli, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
27.10.1999 |
|
|
|
|
Com. Reg. No.: |
08-025888 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109KA1999PTC025888 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Tungsten Carbide Inserts, Tool Holders,
End Mills and Milling Cutters. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 5225500 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial position
of the company appears to be sound. Trade relations are reported as fair.
Business is active. Payments are reported to be regular 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 Office : |
#119 and 120, 4th Phase, Bommasandra Industrial Area,
Attibele Hobli, |
|
Tel. No.: |
91-80-27839111 / 27831870 / 72 |
|
Fax No.: |
91-80-27839123 / 27831869 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
No.1385, 4th ‘A’ Cross, 10th Main, RPC Layout,
Hampi Nagar, |
|
MObile No. : |
91-8088239009 (Mr. Prashanth K.M.) |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Alok Bhartia |
|
Designation : |
Director |
|
Address : |
#209, Ramanashree Chambers, #37, Lady Curzon Road, Bangalore – 560001,
Karnataka, India |
|
Date of Birth/Age : |
14.09.1958 |
|
Date of Appointment : |
27.10.1999 |
|
DIN : |
00230767 |
|
|
|
|
Name : |
Mrs. Alpana Bhartia |
|
Designation : |
Director |
|
Address : |
#209, Ramanashree Chambers, #37, Lady Curzon Road, Bangalore – 560001,
Karnataka, India |
|
Date of Birth/Age : |
07.09.1966 |
|
Date of Appointment : |
27.10.1999 |
|
DIN : |
00563608 |
|
|
|
|
Name : |
Mr. Srinivasan Rangarjan |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
10.09.1941 |
|
Date of Appointment : |
08.03.2000 |
|
DIN : |
00043658 |
|
|
|
|
Name : |
Mr. Lee Joo Wan |
|
Designation : |
Director |
|
Address : |
#105/606, |
|
Date of Birth/Age : |
11.11.1947 |
|
Date of Appointment : |
08.07.2000 |
|
DIN : |
00468736 |
|
|
|
|
Name : |
Mr. Moshe Sharon |
|
Designation : |
Director |
|
Address : |
#304, Yonggye-Ri, Gachang-Myeon, Dalsung-Gun, |
|
Date of Birth/Age : |
04.04.1948 |
|
Date of Appointment : |
01.04.2002 |
|
DIN : |
00494804 |
|
|
|
|
Name : |
Mr. Krishnan Lakshmikanthan |
|
Designation : |
Managing Director |
|
Address : |
M 48, Diamond District, |
|
Date of Birth/Age : |
16.03.1959 |
|
Date of Appointment : |
01.01.2005 |
|
DIN : |
00316429 |
KEY EXECUTIVES
|
Name : |
Mrs. Neha Jain |
|
Designation : |
Company Secretary |
|
Address : |
# 691, 17th ‘E’ Cross. |
|
Date of Birth/Age : |
31.07.1979 |
|
Date of Appointment : |
16.08.2005 |
|
PAN No.: |
AFNPJ6303B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Equity Shares : |
|
|
|
IMC International Metal Working Company B.V, Natherland |
|
3054100 |
|
Shivangini Properties Limited, |
|
1644570 |
|
|
Total |
4698670 |
As on 30.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
65.00 |
|
Bodies corporate |
35.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Tungsten Carbide Inserts, Tool Holders,
End Mills and Milling Cutters. |
GENERAL INFORMATION
|
Bankers : |
State Bank of |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Associates Chartered Accountant |
|
Address : |
Maruti Infotech Center, 11/1 and 12/1 East Wing, 2nd Floor,
Kormangala Inner Ring Road, Bangalore – 560070, Karnataka, India |
|
Tel. No. : |
91-80-39806000 |
|
Fax No. : |
91-80-39806999 |
|
PAN No. : |
AADFB6889R |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company : |
|
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6,000,000 |
Equity Shares |
Rs.10/-each |
Rs.60.000
million |
|
8,000,000 |
Preference Shares |
Rs.10/-each |
Rs.80.000
million |
|
|
Total |
|
Rs.140.000
million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,698,670 |
Equity Shares |
Rs.10/-each |
Rs.46.986
million |
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 |
46.987 |
46.987 |
46.987 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1259.398 |
1084.496 |
861.840 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1306.385 |
1131.483 |
908.827 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.132 |
15.006 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.132 |
15.006 |
|
|
DEFERRED TAX LIABILITIES |
41.846 |
47.451 |
41.567 |
|
|
|
|
|
|
|
|
TOTAL |
1348.231 |
1179.066 |
965.400 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
460.763 |
466.460 |
458.830 |
|
|
Capital work-in-progress |
14.152 |
24.825 |
20.958 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
197.653 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
268.742
|
240.881 |
253.233 |
|
|
Sundry Debtors |
312.802
|
190.684 |
284.529 |
|
|
Cash & Bank Balances |
528.848
|
433.422 |
15.872 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
21.004
|
16.134 |
25.403 |
|
Total
Current Assets |
1131.396
|
881.121 |
579.037 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
207.620
|
152.412 |
234.397 |
|
|
Other Current Liabilities |
27.194
|
22.212 |
11.121 |
|
|
Provisions |
23.266
|
18.716 |
45.560 |
|
Total
Current Liabilities |
258.080
|
193.340 |
291.078 |
|
|
Net Current Assets |
873.316
|
687.781 |
287.959 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1348.231 |
1179.066 |
965.400 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1377.516 |
1268.615 |
1349.581 |
|
|
|
Other Income |
44.251 |
28.314 |
22.430 |
|
|
|
TOTAL (A) |
1421.767 |
1296.929 |
1372.011 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Cost |
581.329 |
586.933 |
533.130 |
|
|
|
Decrease in Finished Goods and Work in Progress |
13.124 |
2.692 |
6.183 |
|
|
|
Personnel Expenses |
90.129 |
85.259 |
76.801 |
|
|
|
Operating Expenses |
195.189 |
253.510 |
206.904 |
|
|
|
TOTAL (B) |
879.771 |
928.394 |
823.018 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
541.996 |
368.535 |
548.993 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.062 |
3.322 |
4.288 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
539.934 |
365.213 |
544.705 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
38.826 |
36.757 |
31.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
501.108 |
328.456 |
513.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
162.413 |
105.800 |
172.967 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
338.695 |
222.656 |
340.133 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
939.022 |
716.366 |
483.340 |
|
|
Less |
Appropriations |
|
|
|
|
|
|
Interim Dividend |
0.000 |
0.000 |
60.000 |
|
|
|
Dividend Tax |
0.000 |
0.000 |
10.197 |
|
|
|
Transfer to general Reserve |
0.000 |
0.000 |
34.013 |
|
|
|
Transitional Adjustment in accordance with revised As 15 |
0.000 |
0.000 |
2.897 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1277.717 |
939.022 |
716.366 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Fob Value of Export |
2.732 |
2.187 |
4.319 |
|
|
TOTAL EARNINGS |
2.732 |
2.187 |
4.319 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
217.678 |
186.897 |
0.000 |
|
|
|
Traded Goods |
284.568 |
266.024 |
0.000 |
|
|
|
Capital Goods |
5.534 |
47.064 |
0.000 |
|
|
|
Others |
0.000 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
507.780 |
499.985 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
72.08 |
47.39 |
72.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
23.82
|
17.17 |
27.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
36.38
|
25.89 |
38.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
31.47
|
24.37 |
49.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
0.29 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.20
|
0.17 |
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.38
|
4.56 |
1.99 |
LOCAL AGENCY FURTHER INFORMATION
OPERATING
PERFORMANCE :
During the period, the company made a turnover of Rs. 1377.516 Millions
as against previous year Rs. 1268.615 Millions and earned a Net Profit before tax
of Rs. 501.108 Millions as against Rs. 328.456 Millions in the previous year.
BACKGROUND:
Taegu Tec India Private Limited was incorporated on 27th
October, 1999 as a public limited Company under the Companies Act, 1956 at
The Company is involved in the business of manufacturing and trading of
tungsten carbide inserts, tool holders, end-mills and milling cutters.
Fixed Assets :
- Building
- Plant and
Machinery
- Computers
- Office
Equipment
- Furniture and
Fixtures
- Vehicles
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90195541 |
|
Corporate
identity number of the company |
U27109KA1999PTC025888 |
|
Name of the
company |
TAEGUTEC INDIA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
#119 and 120, 4th Phase, Bommasandra Industrial Area,
Attibele Hobli, |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
State Bank of Industrial Finance Branch, Residency Road, Email-ID : rameshramu_sbi@rediffmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Letter Regarding
the grant of Individual Limit within the overall limit (form C-5) |
|
Date of
instrument Creating the charge |
19.03.2008 |
|
Amount secured by
the charge |
Rs.65.000 million |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
– Interest@1.25% below SBAR with a
minimum of 11.50% p.a. (CC {hyp}Rs.40.000 million / LC – Rs.20.000 BG-
Rs.5.000 millions) Terms of Repayment
– Repayable on Demand Margin – Margin
Raw materials imported and indigenous (trading) 40% (MFG) 25% Stock in
process 25%, Finished Goods 25% Stores and Spares, 50% Book debts 25% LC 10%
BG 10% Extent and
Operation of the charge – 100% till the closure of the loan. |
|
Short particulars
of the property charged |
Hypothecation of
the whole of the borrower stocks of goods, produce and merchandise of the
borrowers godown, manufacturing show rooms or premises at plot no.119 and
120, Bommasandra Industrial area, Anekal Taluka, Bangalore or wherever else
the same may be by way of I Charge. All the borrowers present and future book
debts, Outstandings, money receivables, bills and all that piece and parcel
of the plant and machinery etc. |
|
Date of latest
modification prior to the present modification |
30.01.2003 |
|
Particulars of
the present modification |
Limit reduced
from Rs.125.000 million to Rs. 65.000 million. (CC {hyp}Rs.40.000 million /
LC – Rs.20.000 BG- Rs.5.000 millions) All other terms, conditions
and securities continues for the reduced limit of Rs. 65.000 millions |
AS PER WEB DETAILS
COMPANY PROFILE
TaeguTec worldwide is a leading partner
for modern international tooling and solutions. Headquartered in
Subject was established in the year 2000, with the
philosophy of being its customer's partner in cost reduction. TaeguTec
manufactures comprehensive range of tooling from the new state-of-the-art factory
located at
STOCKIST -
M/s Techsol Engineering
45,
Bharani, Ashwathnagar,
Sanjay Nagar Main Road, Bangalore 560 094
Phone: 41656750
Mob: 98450 44696
Email: techsol.engineering@gmail.com
SB enterprises.
#367,
Mangala Nivas, 8th Cross,
1st Block, Jayanagar,
Ph: 080 26578648/26578649
M/s
V R Engineers
721,I St Floor,1st Main,2nd Phase,
7th Block, B S K 3 rd Stage,
Near HP Petrol Pump, Bangalore - 560085
Ph: 2642 1668 / 080-3290 2658
Mobile: 98453 32102
Email: vrengineers2@rediffmail.com
Shekar Agencies
No.73,
Peenya 2nd Stage,
Bangalore-560 058
Ph: 080-41179678/ 41179684
Email: shekaragencies@airtelbroadband.in
Lakshya Tech
#705, 25th Cross, 9th Main
7th Sector, HSR Layout
Ph: 080- 25722035 /
25726705
Email : techlakshya@gmail.com
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. 45.11 |
|
|
1 |
Rs. 73.25 |
|
Euro |
1 |
Rs. 61.70 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
58 |
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.