MIRA INFORM REPORT

 

 

Report Date :           

09.07.2011

 

IDENTIFICATION DETAILS

 

Name :

WILSON INTERNATIONAL TRADING PRIVATE LIMITED

 

 

Formerly Known As :

Wilson Impex Pte Ltd

 

 

Registered Office :

8 Temasek Boulevard #17-03 Suntec Tower 3 Singapore 038988

 

 

Country :

Singapore

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

06.04.1981

 

 

Com. Reg. No.:

198101445c

 

 

Legal Form :

Limited Private Company

 

 

Line of Business :

General Wholesale Trade

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

S$1,000,000

Status :

Satisfactory

Payment Behaviour :

No Complaints

Litigation :

Exists

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Singapore

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Executive Summary

 

Company Name

:

WILSON INTERNATIONAL TRADING PRIVATE LIMITED

Registration No

:

198101445C

Date of Registration

:

06/04/1981

Former Name

:

WILSON IMPEX PTE LTD Eff. date : 06/04/1981 Eff. date : 06/04/1981

Date of Change of Name

:

27/06/2003

Type of Company

:

LIMITED PRIVATE COMPANY

Registered Address

:

8 TEMASEK BOULEVARD #17-03 SUNTEC TOWER 3 SINGAPORE 038988

Date of Change of Address

:

01/09/2000

Contact No.

:

6836 8178

Fax No.

:

6836 9723

Website

:

www.wilsonuniverse.com.sg

Registered Activities

:

GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)

Issued Ordinary Capital*

:

$16,774,100.00 SINGAPORE, DOLLARS ,NO. OF SHARE : 16,774,100

Issued Preference Capital

:

NA

Paid-Up Ordinary Capital

:

$16,774,100.00 SINGAPORE, DOLLARS

Paid-Up Preference Capital

:

NA

* Number of Shares includes number of Issued Treasury Shares

Issued Treasury Capital

:

NA

Paid-Up Treasury Capital

:

NA

No. of Local Subsidiaries

:

1

No. of Local Associates

:

NA

Auditor

:

SHANKER IYER & CO

Bankers / Financiers

:

DBS BANK LTD.

MIZUHO CORPORATE BANK,LTD

WESTLB AG

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")

PT BANK MANDIRI (PERSERO) TBK

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. SINGAPORE BRANCH

RAIFFEISEN ZENTRALBANK OESTERREICH AKTIENGESELLSCHAFT

UNITED OVERSEAS BANK LIMITED

NATIXIS

OVERSEA-CHINESE BANKING CORPORATION LIMITED

SOCIETE GENERALE

Turnover

:

SGD - SIN 315,910,829.00 (FY2009)

Net Worth

:

SGD - SIN 36,798,858.00 (FY2009)

No. of Bank Charges

:

21

No. of Litigation Suits

:

5

S1000 / SME 500 / FG50 Ranking

:

718 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2009/2010)

444 POSITION IN Singapore 1000 Companies Ranked by Sales/Turnover (2008/2009)

835 POSITION IN Singapore 1000 Companies Ranked by Net Profit (2008/2009)

729 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2008/2009)

681 POSITION IN Singapore 1000 Companies Ranked by Return on Equities (2006/2007)

Compounded Annual Growth Rate (CAGR)

:

767.37% (3 years)

 

 

Credit Recommendation

 

Recommended Credit Line

:

S$1,000,000


SHAREHOLDER DETAILS

 

NAME

:

AM INTERNATIONAL HOLDINGS PRIVATE LIMITED

SHAREHOLDER ID

:

200719741M

NATIONALITY

:

SINGAPORE

ADDRESS

:

3 PHILLIP STREET #18-00 COMMERCE POINT SINGAPORE 048693

NO. OF ORD SHARES

:

16,774,098

% OF SHAREHOLDING

:

100%

CURRENCY

:

SINGAPORE, DOLLARS

 

NAME

:

WILSON INTERNATIONAL INVESTMENTS PRIVATE LIMITED

SHAREHOLDER ID

:

200901212K

NATIONALITY

:

SINGAPORE

ADDRESS

:

3 PHILLIP STREET #18-00 COMMERCE POINT SINGAPORE 048693

NO. OF ORD SHARES

:

2

% OF SHAREHOLDING

:

0%

CURRENCY

:

SINGAPORE, DOLLARS

 

 

OFFICER DETAILS

 

NAME

:

ALLAGARSAMY S/O PALANIYAPPAN

ADDRESS

:

7 JALAN MATA AYER #04-48 EUPHONY GARDENS SINGAPORE 759152

POSITION

:

DIRECTOR

DATE OF APPT

:

04/03/2010

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S0205415I

 

NAME

:

CHENG LIAN SIANG

ADDRESS

:

7 SIN MING WALK #20-17 GARDENS AT BISHAN, THE SINGAPORE 575577

POSITION

:

SECRETARY

DATE OF APPT

:

01/07/1994

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S1519832Z

 

NAME

:

JAYANT KUMAR DEY

ADDRESS

:

9A YUAN CHING ROAD #05-16 PARKVIEW MANSIONS SINGAPORE 618643

POSITION

:

DIRECTOR

DATE OF APPT

:

20/05/1989

NATIONALITY

:

SINGAPORE CITIZEN

I/C PASSPORT

:

S2602483H

 

NAME

:

ASHWIN CHIDAMBARAM MUTHIAH

ADDRESS

:

18 MOUNT ECHO PARK MOUNT ECHO PARK SINGAPORE 248782

POSITION

:

DIRECTOR

DATE OF APPT

:

01/08/2007

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S2629125I

 

NAME

:

VALLI ASHWIN MUTHIAH

ADDRESS

:

18 MOUNT ECHO PARK MOUNT ECHO PARK SINGAPORE 248782

POSITION

:

DIRECTOR

DATE OF APPT

:

11/10/2007

NATIONALITY

:

SINGAPORE P.R.

I/C PASSPORT

:

S7574240A

 

 

KEY PERSONNEL PROFILE

 

Name:

JAYANT KUMAR DEY

NRIC Number:

S2602483H

Available Address:

9A YUAN CHING ROAD #05-16 PARKVIEW MANSIONS  SINGAPORE 618643

 

Current Business Interest

No.

Name

Position

Appt Date

#of Share

%

1

EVANSTON LOGISTICS PRIVATE LIMITED

DIRECTOR

21/01/2009

1

100.00

2

MEDALLION CONTINENTAL PTE. LTD.

DIRECTOR

26/03/2011

1

100.00

3

NATRONIX SEMICONDUCTOR TECHNOLOGY LIMITED

DIRECTOR

15/12/2008

-

-

4

SINGAPORE SHIPPING INTERNATIONAL (PRIVATE) LIMITED

DIRECTOR

18/04/2007

-

-

5

SOUTHEAST WATERPROOFING & ENGINEERING CO PTE LTD

DIRECTOR

11/09/1984

20001

50.00

6

WILSON INTERNATIONAL TRADING PRIVATE LIMITED

DIRECTOR

20/05/1989

-

-

 

Previous Business

No.

Name

 

 

Status

Position

Appt Date

Last Known Inactive Date

1

CHERRYTEC INTELISOLVE PRIVATE LIMITED

LIVE COMPANY

DIRECTOR

12/09/2007

30/09/2010

2

HARTFORD CONTINENT PTE. LTD.

STRUCK OFF

DIRECTOR

10/02/2006

-

3

IVORY STAR SHIPS PTE. LTD.

STRUCK OFF

DIRECTOR

25/03/2004

-

4

JUBILANT LOGISTICS PRIVATE LIMITED

STRUCK OFF

DIRECTOR

19/04/2004

-

5

P.G.P. INTERNATIONAL PTE. LTD.

LIVE COMPANY

DIRECTOR

20/10/1999

14/12/2010

6

PELICAN MANAGEMENT SERVICES & TRADING PTE LTD

LIVE COMPANY

DIRECTOR

14/04/1994

16/11/2007

7

SILVER STAR SHIPPING SERVICES PTE. LTD.

STRUCK OFF

DIRECTOR

03/11/2003

-

8

WILSON  CABLES PRIVATE LIMITED

LIVE COMPANY

DIRECTOR/SHR

02/11/1999

30/06/2011

 

Bankruptcy Record

Case No.

Year

Date of Filing

Petitioner Name

Amount

No Trace

 

 

 

 

 

Litigation Search – Writ of Summons

Court

Case No.

Year

Date of Filing

Amount

Cause Category

No Trace

 

 

 

 

 

 

 

SUBSIDIARIES AND ASSOCIATE COMPANIES

 

Company

Shareholdings (%)

LEANDRO INTERNATIONAL PRIVATE LIMITED

100

                                                                                                                       

 

BANKERS/ FINANCIERS

 

Subject enjoys a normal banking routine with its bankers. To date, there have been 21 bank charges registered against Subject by its bankers. The charge numbers are:

 

1)

Charge No.

:

C201005243

 

Date of Registration

:

23/06/2010

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

2)

Charge No.

:

C200807761

 

Date of Registration

:

20/08/2008

 

Chargee

:

MIZUHO CORPORATE BANK,LTD

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

3)

Charge No.

:

C200805891

 

Date of Registration

:

01/07/2008

 

Chargee

:

WESTLB AG

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

4)

Charge No.

:

C200805890

 

Date of Registration

:

01/07/2008

 

Chargee

:

WESTLB AG

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

5)

Charge No.

:

C200803504

 

Date of Registration

:

14/04/2008

 

Chargee

:

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

6)

Charge No.

:

C200803497

 

Date of Registration

:

14/04/2008

 

Chargee

:

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.("RABOBANK NEDERLAND")

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

7)

Charge No.

:

C200803088

 

Date of Registration

:

02/04/2008

 

Chargee

:

PT BANK MANDIRI (PERSERO) TBK

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

8)

Charge No.

:

C200803045

 

Date of Registration

:

01/04/2008

 

Chargee

:

MIZUHO CORPORATE BANK,LTD

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

9)

Charge No.

:

C200803044

 

Date of Registration

:

01/04/2008

 

Chargee

:

MIZUHO CORPORATE BANK,LTD

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

10)

Charge No.

:

C200802422

 

Date of Registration

:

11/03/2008

 

Chargee

:

THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. SINGAPORE BRANCH

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

11)

Charge No.

:

C200801295

 

Date of Registration

:

30/01/2008

 

Chargee

:

RAIFFEISEN ZENTRALBANK OESTERREICH AKTIENGESELLSCHAFT

 

Amount Secured  and Currency

:

NA

 

Address

:

---

 

12)

Charge No.

:

C200801284

 

Date of Registration

:

30/01/2008

 

Chargee

:

RAIFFEISEN ZENTRALBANK OESTERREICH AKTIENGESELLSCHAFT

 

Amount Secured  and Currency

:

NA

 

Address

:

---

 

13)

Charge No.

:

C200507065

 

Date of Registration

:

14/11/2005

 

Chargee

:

UNITED OVERSEAS BANK LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

14)

Charge No.

:

C200504601

 

Date of Registration

:

02/08/2005

 

Chargee

:

NATIXIS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

15)

Charge No.

:

C200406580

 

Date of Registration

:

23/12/2004

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

16)

Charge No.

:

C200402204

 

Date of Registration

:

06/05/2004

 

Chargee

:

DBS BANK LTD.

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

17)

Charge No.

:

C200400835

 

Date of Registration

:

20/02/2004

 

Chargee

:

OVERSEA-CHINESE BANKING CORPORATION LIMITED

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

18)

Charge No.

:

C200300931

 

Date of Registration

:

28/02/2003

 

Chargee

:

NATIXIS

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

19)

Charge No.

:

200204347

 

Date of Registration

:

01/10/2002

 

Chargee

:

SOCIETE GENERALE

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

20)

Charge No.

:

200204346

 

Date of Registration

:

01/10/2002

 

Chargee

:

SOCIETE GENERALE

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

21)

Charge No.

:

200204345

 

Date of Registration

:

01/10/2002

 

Chargee

:

SOCIETE GENERALE

 

Amount Secured  and Currency

:

All Monies

 

Address

:

---

 

 

LITIGATION

 

The following litigation suits were traced against Subject. Case status is as per available. For the latest status of the suit, please obtain the full details of the suit through Litigation Detail Search (DLIT) offered.

 

To date, there have been 5 litigation suits filed against Subject.

 

 

Current Year

On/After 01 Jan 2011

Past Years

wef 01 Jan 2011

 

Court (Claim under normal circumstances)

Magistrate (< $80,000)

0

1

District ($80,000 - $250,000)

0

0

High (>$250,000)

0

4

 

Winding Up Trace

 

No

In litigation/Dissolved/Struck Off/In receivership

No

 

The details are as follows:

 

1)

Court

:

Supreme Court

 

Case No.

:

285

 

Date of Filing

:

12/03/2001

 

Amount

:

753,598.86

 

Cause

:

Banking

 

Case Status

:

CONCLUDED

 

Plaintiff

:

BNP PARIBAS

 

Last Update Date

:

26/03/2009

 

2)

Court

:

Supreme Court

 

Case No.

:

504

 

Date of Filing

:

26/04/2001

 

Amount

:

946,412.32

 

Cause

:

Banking

 

Case Status

:

CONCLUDED

 

Plaintiff

:

COOPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.

 

Last Update Date

:

26/03/2009

 

3)

Court

:

Supreme Court

 

Case No.

:

937

 

Date of Filing

:

14/05/1997

 

Amount

:

0.00

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

MITSUI O.S.K. LINES LTD

 

Last Update Date

:

26/03/2009

 

4)

Court

:

Supreme Court

 

Case No.

:

2068

 

Date of Filing

:

08/12/1997

 

Amount

:

335,642.38

 

Cause

:

Banking

 

Case Status

:

CONCLUDED

 

Plaintiff

:

STANDARD CHARTERED BANK

 

Last Update Date

:

26/03/2009

 

5)

Court

:

Magistrate Court

 

Case No.

:

9196

 

Date of Filing

:

15/05/1997

 

Amount

:

8,350.00

 

Cause

:

Contracts - General

 

Case Status

:

CONCLUDED

 

Plaintiff

:

IMPERIAL PLASTIC CORPORATION PTE LTD

 

Last Update Date

:

26/03/2009

 

 

COMPLIANCE

 

Date of Last AGM

:

30/06/2010

Date of Last AR

:

27/07/2010

Date of A/C Laid At Last AGM

:

31/12/2009

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Group

 

DEC 2009

% Change

DEC 2008

MAY 2007

JUN 2006

Currency

SGD - SIN

 

SGD - SIN

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

Profit and Loss Key Figures

 

 

 

 

 

Turnover

315,910,829

-31.68

462,380,740

501,332

484,116

Profit/(Loss) Before Tax

(9,445,268)

NA

17,606,146

7,965,432

11,560

Profit After Tax attributable to Shareholders

(8,591,105)

NA

16,144,376

6,830,393

10,421

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

68,581,873

12.09

61,182,699

86,067,604

119,527

Current Assets

61,015,182

12.19

54,383,210

58,763,088

114,976

Non Current Assets

7,566,691

11.28

6,799,489

27,304,515

4,551

 

 

 

 

 

 

Total Liabilities

31,783,016

210.10

10,249,322

50,458,075

90,616

Current Liabilities

31,777,195

210.13

10,246,500

47,347,571

90,402

Non Current Liabilities

5,821

106.27

2,822

3,110,504

214

 

 

 

 

 

 

Shareholders' Funds

36,798,858

-27.75

50,933,376

35,609,529

28,911

Share Capital

14,551,330

3.13

14,109,750

15,506,000

16,435

Total Reserves

22,247,528

-39.58

36,823,626

20,103,529

12,476

 

 

 

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Group

 

DEC 2009

DEC 2008

MAY 2007

JUN 2006

Growth %

 

 

 

 

Year-on-Year Growth

-31.68

92,130.40

3.56

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

NA

3.49

1,362.45

2.15

Return on Equity (%)

NA

31.70

19.18

36.05

Return on Assets (%)

NA

26.39

7.94

8.72

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

0.86

0.20

1.42

3.13

Current Debt/Equity (Times)

0.86

0.20

1.33

3.13

Long Term Debt To Equity (Times)

0.00

0.00

0.09

0.01

Total Asset To Total Equity (Times)

1.86

1.20

2.42

4.13

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

4.61

7.56

0.01

4.05

Fixed Assets Turnover (Times)

41.75

68.00

0.02

106.38

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

1.92

5.31

1.24

1.27

 

 

 

 

 

FINANCIAL HIGHLIGHTS

 

Financial Figures

Company

 

DEC 2009

% Change

DEC 2008

MAY 2007

JUN 2006

Currency

SGD - SIN

 

SGD - SIN

SINGAPORE, DOLLARS

SINGAPORE, DOLLARS

Profit and Loss Key Figures

 

 

 

 

 

Turnover

301,037,915

-35.18

464,432,298

0

0

Profit/(Loss) Before Tax

(9,932,738)

NA

13,950,310

0

0

Profit After Tax attributable to Shareholders

(9,075,665)

NA

12,506,882

0

0

 

 

 

 

 

 

Balance Sheet Key Figures

 

 

 

 

 

Total Assets

67,606,934

6.48

63,491,053

80,221,842

118,039

Current Assets

59,011,463

6.53

55,392,056

60,786,621

113,369

Non Current Assets

8,595,471

6.13

8,098,997

19,435,220

4,671

 

 

 

 

 

 

Total Liabilities

40,918,340

87.02

21,878,578

44,813,891

89,311

Current Liabilities

40,918,340

87.02

21,878,578

44,813,891

89,101

Non Current Liabilities

0

NA

0

0

210

 

 

 

 

 

 

Shareholders' Funds

26,688,594

-35.86

41,612,475

35,407,951

28,728

Share Capital

14,551,330

3.13

14,109,750

15,506,000

16,435

Total Reserves

12,137,264

-55.87

27,502,725

19,901,951

12,293

 

 

 

 

 

 

 

 

 

FINANCIAL RATIOS

 

 

Company

 

DEC 2009

DEC 2008

MAY 2007

JUN 2006

Growth %

 

 

 

 

Year-on-Year Growth

-35.18

NA

NA

NA

 

 

 

 

 

Profitability

 

 

 

 

Profit Margin (%)

-3.01

2.69

0.00

0.00

Return on Equity (%)

-34.01

30.06

0.00

0.00

Return on Assets (%)

-13.42

19.70

0.00

0.00

 

 

 

 

 

Leverage

 

 

 

 

Total Debt/Equity (Times)

1.53

0.53

1.27

3.11

Current Debt/Equity (Times)

1.53

0.53

1.27

3.10

Long Term Debt To Equity (Times)

0.00

0.00

0.00

0.01

Total Asset To Total Equity (Times)

2.53

1.53

2.27

4.11

 

 

 

 

 

Asset Management

 

 

 

 

Total Assets Turnover (Times)

4.45

7.31

0.00

0.00

Fixed Assets Turnover (Times)

35.02

57.34

0.00

0.00

 

 

 

 

 

Liquidity

 

 

 

 

Current Ratio (Times)

1.44

2.53

1.36

1.27

 

 

 

 

 

 

FINANCIAL COMMENTARY

 

Compound Annual Growth Rate

 

The company's CAGR is 767.37% (3 years).

 

CAGR is the year-over-year growth rate of a company over a specified period. Instead of looking at the average growth rate, CAGR allow users to look at the annualized growth rate of a company over a given period, a more indicative measure of growth of a company’s performance over a given period.

 

 

Profitability

We are unable to comment on Subject's profitability.

 

Liquidity

Current ratio stood at 1.92 times in FY09 (FY08: 5.31 times). This means that the group has SGD - SIN 1.92 of current assets for every SGD - SIN of current liability incurred.

 

A minimum figure of 1.0 would be considered the lowest limit that this figure should reach. Any business that has a current ratio near 1.0 may be heading for liquidity problems, and would need to be closely monitored. A figure greater than 2.0 would be more desirable, to act as a buffer against any short-term liquidity problems, and give creditors/bank managers a degree of comfort when granting credit/finance.

 

 

Leverage

Total debt-to-equity ratio notched 0.86 times in FY09, as compared with 0.20 times in FY08. This means that the group requires additional external financing of SGD - SIN 0.86 for every SGD - SIN injected into its operations.

 

Generally, a total debt-to-equity ratio of less than 0.5 times is preferred. The ratio measures the proportion of the company's reliance on external debt for financing, relative to the shareholder's fund. A lower ratio would imply a greater financial safety and operating freedom for the company.

 

 

Efficiency Ratio

 

We are unable to comment on Subject's return on equity.

 

We are unable to comment on Subject's return on assets.

 

Total assets turnover ratio logged at 4.61 times in FY09 (FY08: 7.56 times). This ratio measures the group's ability to make productive use of its total assets to generate sales which reflects the efficiency of the management in utilising its resources.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.33

UK Pound

1

Rs.70.74

Euro

1

Rs.63.65

 

 

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

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NB

New Business

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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%)

 

 

 

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