1. Summary Information
|
|
|
Country |
|
|
Company Name |
WINWIND POWER
ENERGY PRIVATE LIMITED |
Principal Name 1 |
Mr. V. Srinivasan |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rajindra Valsalan |
|
|
|
Registration # |
064332 |
|
Street Address |
|
||
|
Established Date |
27.07.2007 |
SIC Code |
-- |
|
Telephone# |
91-44-24313001/15 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-24313035/24356564 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Generator Including Windmills |
|
|
# of employees |
-- |
Product Name 2 |
Turbine |
|
Paid up capital |
Rs. 1874110930
/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
No |
Business Period |
3 (Years) |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
Winwind Oy |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
445,844,000 |
Current Liabilities |
589,106,000 |
|
Inventories |
1,783,194,000 |
Long-term Liabilities |
3,428,447,000 |
|
Fixed Assets |
2,628,220,000 |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
4,017,553,000 |
|
Invest& other Assets |
28,116,000 |
Retained Earnings |
-- |
|
|
|
Net Worth |
867,821,000 |
|
Total Assets |
4,885,374,000 |
Total Liab. & Equity |
4,885,374,000 |
|
Total Assets (Previous Year) |
4,126,235,000 |
|
|
|
P/L Statement as of |
31.12.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
102,634,000 |
Net Profit |
(874,252,000) |
|
Sales(Previous yr) |
Nil |
Net Profit(Prev.yr) |
(115,418,000) |
MIRA
INFORM REPORT
|
Report Date : |
08.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
WINWIND POWER ENERGY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
27.07.2007 |
|
|
|
|
Com. Reg. No.: |
064332 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U40100TN2007PTC064332 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHEW03318A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACW7220P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Generator Including Windmills and Turbine |
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 3470000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of The company can be considered for business dealings with some
cautions. |
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 : |
|
|
Tel. No.: |
91-44-24313001/15 |
|
Fax No.: |
91-44-24313035/24356564 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on : 28.05.2010
|
Name : |
Mr. V. Srinivasan |
|
Designation : |
Director |
|
Address : |
Flat gb, kg Central Court,17, Jagadambal Street, T. Nagar, Chennai-
600 017, Tamil Nadu, India |
|
Date of Birth/Age : |
15.05.1957 |
|
Date of Appointment : |
09.08.2007 |
|
|
|
|
Name : |
Mr. Rajindra Valsalan |
|
Designation : |
Director |
|
Address : |
Flat No.5, Door No.2 Old No.3, |
|
Date of Birth/Age : |
29.12.1971 |
|
Date of Appointment : |
27.07.2007 |
|
|
|
|
Name : |
Lassi Tapani Noponen |
|
Designation : |
Directors |
|
Address : |
Leppakertunitie,D,02120, |
|
Date of Birth/Age : |
04.11.1963 |
|
Date of Appointment : |
29.04.2009 |
|
|
|
|
Name : |
Mr. S. Saravana |
|
Designation : |
Directors |
|
Address : |
153, |
|
Date of Birth/Age : |
08.06.1985 |
|
Date of Appointment : |
17.09.2008 |
|
|
|
|
Name : |
Mr. Henri Anttin Erik Grundsten |
|
Designation : |
Directors |
|
Address : |
Kasavuorentie, 14, F26,02700, |
|
Date of Birth/Age : |
17.07.1960 |
|
Date of Appointment : |
17.09.2008 |
|
|
|
|
Name : |
Dr. Sultan Ahmed Al Jaber |
|
Designation : |
Directors |
|
Address : |
|
|
Date of Birth/Age : |
31.08.1973 |
|
Date of Appointment : |
17.09.2008 |
|
|
|
|
Name : |
Mr. Ziad Tassabehji |
|
Designation : |
Directors |
|
Address : |
Villa 9, Zone 2, Sas Al Nakhl Compound, |
|
Date of Birth/Age : |
29.09.1964 |
|
Date of Appointment : |
17.09.2008 |
|
|
|
|
Name : |
Mr. Shaju Stephen |
|
Designation : |
Directors |
|
Address : |
Villa 14/8, Street 6, Sector 16, Zone 2, |
|
Date of Birth/Age : |
01.07.1966 |
|
Date of Appointment : |
17.09.2008 |
|
|
|
|
Name : |
Abu Rami Laila |
|
Designation : |
Alternate Directors |
|
Address : |
A1 Bateen West Block, Vill 423 -1, |
|
Date of Birth/Age : |
10.06.1975 |
|
Date of Appointment : |
29.04.2009 |
|
|
|
|
Name : |
Mr. Chandrasekar Sriram |
|
Designation : |
Director |
|
Address : |
B-1, SAi Krupa Partment, No.5, Sundaram Salai, R.A. Puram, Chennai –
600028, |
|
Date of Birth/Age : |
05.06.1966 |
|
Date of Appointment : |
27.07.2007 |
|
Date of Ceasing : |
04.04.2008 |
|
|
|
|
Name : |
Mr. Sapan Shrimal |
|
Designation : |
Secretary |
|
Address : |
304B, Prince Manor Apartment, Puruswakkam, High Road, Kaipauk, Chennai
– 600010, |
|
Date of Birth/Age : |
26.12.1979 |
|
Date of Appointment : |
25.01.2010 |
|
|
|
|
Name : |
Mr. Franciscus Wouters |
|
Designation : |
Director |
|
Address : |
Sas A1 Nahkl Compound, Zone 7, Villa 29, Umm A1 Nahr, |
|
Date of Birth/Age : |
09.01.1965 |
|
Date of Appointment : |
09.04.2010 |
|
|
|
|
Name : |
Mr. Tuomo Tapano Ronkko |
|
Designation : |
Director |
|
Address : |
Mellstenintie, 5, C, |
|
Date of Birth/Age : |
06.04.1955 |
|
Date of Appointment : |
09.09.2009 |
|
|
|
|
Name : |
Mr. Sanjeev Bafna |
|
Designation : |
Director |
|
Address : |
3B, FLT, 1Floor, Amrit Jeevan CHS 12, |
|
Date of Birth/Age : |
21.12.1963 |
|
Date of Appointment : |
15.10.2009 |
|
|
|
KEY EXECUTIVES
|
Name : |
K. Narasimhan |
|
Designation : |
Directors |
|
Address : |
7, |
|
Date of Birth/Age : |
18.04.1965 |
|
Date of Appointment : |
01.09.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 28.05.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sterling Laser Printers Private Limited, Tamilnadu |
|
1 |
|
Winwind oy, |
|
187411082 |
|
Hi-tech Housing Projects Private Limited, Tamilnadu |
|
10 |
|
|
|
|
|
Total |
|
187411093 |
As on : 28.05.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Generator Including Windmills and Turbine |
|
|
|
Production Status : As On : 31.12.2009
Licensed and installed capacity :
The products to be manufactured and sold by the Company i.e.,WTG1s and components have not been included in the list of mandatory items, which require a license under the New Industrial Policy in terms of Notification no. S.0.477 (E) dated July 25, 1991 and hence, licensing requirements are not applicable to the products manufactured by the Company.
|
Particulars |
Unit |
For the year ended
December 31, 2009 |
For the period
ended December 31, 2008 |
|
Licensed Capacity |
MW |
Not Applicable |
Not Applicable |
|
Installed Capacity |
MW |
350 |
Not Applicable |
|
Actual Production |
MW |
2 |
Not Applicable |
Note: Being a technical matter, licensed and installed capacities are as certified by management and relied upon by the auditors.
GENERAL INFORMATION
|
Bankers : |
v
State Bank of India, Corporate Accounts Group
Branch, 64, Greams Road, Chennai- 600 006, Tamil Nadu, India v
Punjab and National Bank, Large Corporate Branch,
Rayala Towers, III Floor, 781-785, Anna Salai, Chennai- 600 002, Tamil Nadu,
India |
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
TPL House, 2nd Floor, No.3, |
|
Tel. No.: |
91-44-42194400 |
|
Fax No.: |
91-44-24311450 |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company : |
Siva Industries and Holdings Limited (Formerly Known as (Sterling
InfoTech Limited) |
|
|
|
|
Affiliates : |
v
Siva Ventures Limited v
ETH Limited v
Abhi Ambi Financial Services Limited v
Hitech Housing Projects Private Limited |
CAPITAL STRUCTURE
As on 31.12.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
190000000 |
Equity Shares |
Rs.10/- each |
Rs.1900.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
187411093 |
Equity Shares |
Rs.10/- each |
Rs.1874.111
millions |
|
|
|
|
|
Note :
Of the above 187411082 (Previous Year
187411082) Equity shares are held by
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2009 |
31.12.2008 |
From July 27,
2007 to March 31, 2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1874.110 |
1874.110 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(1006.289) |
(132.036) |
(0.192) |
|
|
NETWORTH |
867.821 |
1742.074 |
(0.092) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3428.447 |
2000.000 |
0.634 |
|
|
2] Unsecured Loans |
0.000 |
8.839 |
98.300 |
|
|
TOTAL BORROWING |
3428.447 |
2008.839 |
98.934 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4296.268 |
3750.913 |
98.842 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2628.220 |
381.604 |
257.297 |
|
|
Capital work-in-progress |
28.116 |
1204.598 |
70.656 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
271.119 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1783.194
|
322.798 |
0.000 |
|
|
Sundry Debtors |
0.000
|
0.000 |
0.000 |
|
|
Cash & Bank Balances |
39.937
|
1839.332 |
4.375 |
|
|
Other Current Assets |
102.736
|
4.019 |
0.000 |
|
|
Loans & Advances |
303.171
|
102.765 |
1.799 |
|
Total
Current Assets |
2229.038
|
2268.914 |
6.174 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Other Current Liabilities |
586.836
|
371.297 |
251.588 |
|
|
Provisions |
2.270
|
4.025 |
0.088 |
|
Total
Current Liabilities |
589.106
|
375.322 |
251.676 |
|
|
Net Current Assets |
1639.932
|
1893.592 |
(245.502) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
16.391 |
|
|
|
|
|
|
|
|
TOTAL |
4296.268 |
3750.913 |
98.842 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2009 |
31.12.2008 |
From July 27,
2007 to March 31, 2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
102.634 |
Nil |
0.032 |
|
|
|
Other Income |
19.346 |
|
|
|
|
|
TOTAL (A) |
121.980 |
Nil
|
0.032 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
115.469 |
NA |
|
|
|
|
Personnel Expenses |
125.600 |
18.061 |
|
|
|
|
Operating And Other Expenses |
440.364 |
69.645 |
|
|
|
|
TOTAL (B) |
681.433 |
87.706 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(559.453) |
(87.706) |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
193.024 |
9.807 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(752.477) |
(97.513) |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
131.533 |
6.213 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(884.010) |
(103.726) |
(0.032) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
9.758 |
11.692 |
0.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
(874.252) |
(115.418) |
(0.192) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(132.036) |
(0.192) |
-- |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1006.289) |
(132.036) |
(0.192) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1269.856 |
307.187 |
NA |
|
|
|
Capital Goods |
42.179 |
214.326 |
NA |
|
|
TOTAL IMPORTS |
1312.035 |
521.513 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.66) |
(3.00) |
(19.26) |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2009 |
31.12.2008 |
From July 27,
2007 to March 31, 2008 |
|
PAT / Total Income |
(%) |
(716.71)
|
-- |
(600.00) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(724.717)
|
-- |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(30.93)
|
(3.91) |
(0.01) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.01)
|
(0.05) |
(0.34) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.62
|
1.36 |
3810.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.78
|
6.04 |
0.02 |
LOCAL AGENCY FURTHER INFORMATION
Nature of Operations
:
Subject ("the Company") was incorporated on July
27, 2007 as a subsidiary of Winwind Oy, a company registered in
Operations
Results:
The following are the key highlights of operation during the year ended 31 December 2009:
1. Company's manufacturing facility at Vengal was formally
inaugurated by Dr. Farooq Abdullah, Hon. Union Minister for New and Renewable
Energy resources,
2. Win WinD's 1 MW has got listed in the Revised List of Models and Manufacturers (RLMM) issued by Centre for Wind Energy Technology (CWET) on 22 June 2009.
3. Company has been certified to conform with the standards of IS0 9001:2000 certification for design, production, sales, operation and maintenance and after sales of wind turbines and its components
4. The Company has clinched firm orders for 2 MW wind turbine generators and the installation of these turbines were in progress during the year.
5. Win WinD’s1 MW reference machines installed at Uthumalai and Ayyanarnthu have been performing well, thereby providing the Company with good reference base for potential customers.
6. The Company has also successfully implemented and migrated to a new ERP, IFS. The Material management module and the Financial Accounting module have been successfully implemented. The discussions for implementation of other modules, namely, Sales module, Project delivery module, Wincare module are in the pipeline.
All the above developments on the operational and organizational front have placed their Company in a stronger position to expand its operations and penetrate the market
Form : 8
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10120018 |
|
Corporate
identity number of the company |
U40100TN2007PTC064332 |
|
Name of the company
|
WINWIND POWER
ENERGY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
|
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
v
State Bank of India, Corporate Accounts Group
Branch, 64, Greams Road, Chennai- 600 006, Tamil Nadu, India |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of Deposit
for creation of further charge for Term Loan where the initial charge has
been created by way of mortgage by deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
11.10.2008 |
|
Amount secured by
the charge |
Rs.50.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of
Interest BPLR (-) 1% (+)
0.5% Term premia, the current effective rate being 13.5% per annum. Interest
payable will be with monthly rests. Terms of Repayment
The loan of
Rs.500.000 millions will be repaid in 22 quarterly installments of 22.700
millions per installment commencing from December 2009 Extent and
Operation of the charge The immovable
properties of the Company of land admeasuring 67 Acres 41.88 cents situate at
Vengal Village, Thiruvallur Taluka and District within the sub registration
district of Arani and registration district of Chennai North have been
charged to secure the repayment of loan amount of Rs.50.000 millions
sanctioned by Punjab National Bank, Chennai. |
|
Short particulars
of the property charged |
All that piece
and parcel of land admeasuring 67 Acres 41.88 cents situated at |
Fixed Assets :
v
Land
v
Building
v
Plant and Machinery
v
Patterns
v
Office Equipment
v
Furniture and Fixtures
v
Computer
v
Tools
v
Equipment –others
v
Electrical Equipment
v
Motor Cars
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. 45.13 |
|
|
1 |
Rs. 73.36 |
|
Euro |
1 |
Rs. 63.06 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
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.