%20PRIVATE%20LIMITED%20-%20136065%2022-Mar-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
TIGER STEEL ENGINEERING ( |
|
|
|
|
Registered Office : |
4th Floor, Building No.5,
Sector 3, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
27.10.1995 |
|
|
|
|
Com. Reg. No.: |
11-93973 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U28112MH1995PTC093973 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT05073F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACT2537J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer,
Design, Engineering, Fabrication and Erection of Pre-Engineered |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1723000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Payments are reported to be usually correct
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/Head Office : |
4th Floor, Building No.5, Sector
3, Millennium Business Park, Mahape, Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-27780574 / 27780576 / 67311300 |
|
Fax No.: |
91-22-27780539 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. K-9, Addl. MIDC, |
|
Tel. No.: |
91-2524 -224818 |
|
Fax No.: |
91-2524 -222621 |
|
E-Mail : |
|
|
|
|
|
Marketing Office 1: |
4th Floor,Building No.5,Sector
– III, |
|
Tel. No.: |
91-22 -27780574 / 27780576 |
|
Fax No.: |
91-22- 27780539 |
|
E-Mail : |
|
|
|
|
|
Marketing Office 2: |
6,3rd Floor,Fagun Chambers,26,C-In-C Road
Egmore,Chennai - 600105 |
|
Tel. No.: |
91-44-52146563 |
|
Fax No.: |
91-44-52146562 |
|
E-Mail : |
|
|
|
|
|
Marketing Office 3: |
709 B Wing, Mittal Towers, 7th Floor, |
|
Tel. No.: |
91-80 - 51133359 |
|
|
|
|
Marketing Office 4: |
430,4th Floor,Ansal Chamber – III, |
|
Tel. No.: |
91-11 – 26182409-11 |
|
Fax No.: |
91-11 - 26182408 |
|
E-Mail : |
DIRECTORS
As on 22.09.2010
|
Name : |
Mr. Robert Said Nasr |
|
Designation : |
Director |
|
Address : |
Sheikh Haned Saied Villa-6, 13A 352/20 A Jumeira Area P.B. No.6169,
Sharjah, UAE |
|
Date of Birth/Age : |
05.03.1936 |
|
Date of Appointment : |
29.07.2008 |
|
DIN : |
00353638 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Claude Robert Nasr |
|
Designation : |
Managing Director |
|
Address : |
Heirs of |
|
Date of Birth/Age : |
20.07.1969 |
|
Date of Appointment : |
28.10.2009 |
|
DIN : |
00354591 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Aziz Said Nasr |
|
Designation : |
Director |
|
Address : |
AL Futtaim Estate Co 124-23D DAR Albatteen BHD Bristol Hotel, |
|
Date of Birth/Age : |
12.06.1947 |
|
Date of Appointment : |
10.08.2007 |
|
DIN : |
00353742 |
|
Email : |
|
|
|
|
|
Name : |
Mr. Dinesh K. Bhasin |
|
Designation : |
Director |
|
Address : |
B-1/175, Janak Puri, |
|
Date of Birth/Age : |
08.08.1965 |
|
Date of Appointment : |
13.07.2006 |
|
DIN : |
00354754 |
|
Email : |
KEY EXECUTIVES
|
Name : |
Mr. Kulbhushan Aggarwal |
|
Designation : |
Company Secretary |
|
Address : |
8/901, Seawoods, Estate, Nerul Navi Mumbai – 400706, |
|
Date of Birth/Age : |
03.05.1961 |
|
Date of Appointment : |
26.02.2001 |
|
PAN No.: |
ADAPA5298D |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Tiger Steel Engineering LLC |
|
16849953 |
|
Tiger Steel Engineering LLC and Robert S Nasr |
|
1 |
|
Tiger Steel Engineering LLC and Claude R. Nasr |
|
1 |
|
Tiger Steel Engineering LLC and Aziz Said Nasr |
|
1 |
|
Tiger Steel Engineering LLC and Dinesh K Bhasin |
|
1 |
|
Total |
|
16849957 |
As on 22.09.2010
|
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 |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Design, Engineering,
Fabrication and Erection of Pre-Engineered |
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
GENERAL INFORMATION
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountant |
|
Address : |
6th Floor, |
|
Tel. No.: |
91-22-40356300 |
|
Fax No.: |
91-22-40356400 |
|
|
|
|
Parent/ Holding Company: |
Tiger Steel Engineering LLC Sharjah, UAE |
|
|
|
|
Group Companies : |
|
CAPITAL STRUCTURE
As on 22.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16,849,957 |
Equity Shares |
Rs.10/- each |
Rs.168.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
168.500 |
168.500 |
168.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
186.946 |
262.160 |
249.302 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
355.446 |
430.660 |
417.802 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
227.429 |
416.524 |
241.423 |
|
|
2] Unsecured Loans |
341.106 |
309.685 |
145.408 |
|
|
TOTAL BORROWING |
568.535 |
726.209 |
386.831 |
|
|
DEFERRED TAX LIABILITIES |
12.882 |
24.490 |
26.152 |
|
|
|
|
|
|
|
|
TOTAL |
936.863 |
1181.359 |
830.785 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
643.598 |
647.206 |
583.104 |
|
|
Capital work-in-progress |
8.991 |
6.417 |
26.541 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.500 |
0.500 |
0.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
192.540 |
252.717 |
294.078 |
|
|
Sundry Debtors |
564.522 |
512.154 |
340.165 |
|
|
Cash & Bank Balances |
41.571 |
25.847 |
70.752 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
141.923 |
123.932 |
115.853 |
|
Total
Current Assets |
940.556 |
914.650 |
820.848 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
291.277 |
201.224 |
407.958 |
|
|
Sundry Creditors |
351.359 |
172.180 |
169.349 |
|
|
Provisions |
14.146 |
14.010 |
23.181 |
|
Total
Current Liabilities |
656.782 |
387.414 |
600.488 |
|
|
Net Current Assets |
283.774 |
527.236 |
220.360 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.280 |
|
|
|
|
|
|
|
|
TOTAL |
936.863 |
1181.359 |
830.785 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
967.200 |
1814.100 |
1360.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
Finance Expenses |
|
|
|
|
|
|
TOTAL |
1050.100 |
1800.900 |
1274.500 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(82.900) |
13.200 |
86.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.200 |
(0.100) |
28.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
(74.700) |
13.300 |
57.900 |
|
%20PRIVATE%20LIMITED%20-%20136065%2022-Mar-2011_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20136065%2022-Mar-2011_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20136065%2022-Mar-2011_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20136065%2022-Mar-2011_files/image006.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20136065%2022-Mar-2011_files/image007.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20136065%2022-Mar-2011_files/image008.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(7.72)
|
0.73 |
4.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.23)
|
0.85 |
6.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.23)
|
0.03 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.45
|
2.59 |
2.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
2.36 |
1.37 |
LOCAL AGENCY FURTHER INFORMATION
Note:
Registered office of the company has been shifted from Unit No.203-204,
Building No.5, Sector 2,
(a) Business
Outlook:
Global melt down in September 2008 led to economic slowdown all over the
world including
down by almost 45% compared to previous financial year and the EBDITA
margin was down from 9% to 7%.
The company initiated various operational and commercial measures in
order to safeguard and protect our corporate interest in extremely challenging
market environment. The company also rationalized its fixed costs in line with
lower activities in order to preserve equity and minimize losses for the year.
The economic turn-around in Indian economy in 2010 has been swift as
compared to other global economies and it augurs well for growth and momentum
of PEB Industry in India The company has already secured order back log of
INR1500 millions and outlook for year 2010-11 appears to be positive and
promising,
(b) Marketing
Overview:
The company has intensified its marketing network in North region and
the efforts have yielded positive results by securing major orders from new
clients
The demand for PEB is expected to remain strong due to new industrial
investments in the Oil and Gas, Power, Aviation, Ports, Roads, Automobile and
Ancillary, Engineering and Industrial sectors.
The company has secured export orders for PEB from
(c) Operations:
The company has taken a unique initiative of setting a precedent to be
the first company in
The product development team has successfully concluded the latest
customizatiom of MBS software, which will result in efficient, reliable and
faster design of Pre- Engineered buildings.
The company has streamlined the production process with material
handling systems at both the plants for efficient production of PEB Components.
The Company has been awarded IS0 9001:2000 and upgraded 2008.
Bankers
Charges Report as per Registry
|
Name of the company |
TIGER STEEL ENGINEERING ( |
|
Presented By |
State Bank of |
|
1) Date and description of instrument creating the change |
a) Agreement of
loan for overall Limit (Form C-1) b) Agreement of
Hypothecation of goods and Assets (Form C-2) Both the above agreement are
date 12.10.1998 and executed for the creation of a single charge. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.20.000
Millions |
|
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 |
A first charge by
way of hypothecation of the Borrower’s entire goods, movable and other assets
present and future including documents of title to the goods and other
assets, such as book-debt outstanding money, receivables including receivable
by way of cash assistance and/or cash incentive under the cash Incentive
Scheme or any other Scheme, claims, including claims by way of refund of
custom/excise duties under the Duty Drawback credit Scheme or any other
scheme, bills, invoices, documents, contracts, insurance policies,
guarantees, engagements, securities, investments and rights uncalled capital
all machinery present and future of such from satisfactory to the Bank. Plant
and Machinery such as: Cold Roll Forming Machine for the production of
Roofing Sheets, Shearing Machine 6mt./8mm thickness, socket sealing machine,
Gas Cutting Machine. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest:
As would be determined by the bank from time to time. |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of |
|
6) Date and brief description of instrument modifying the charge |
No instrument.
Memorandum of deposit for creation pf further charge for term loan overall
limit where the initial charge is created by way of mortgage by deposit of
title deeds. (Form C-10) Date: 28.07.2004 |
|
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. |
The original
charge was created on 12.10.1998 for Rs.20.000 millions 1stly
modified on 22.07.1999 by giving an additional collateral security over the
company’s immovable properties. 3rdly modified on 24.02.2001 for Rs.156.000
Millions. 4thly additional collateral security over the company’s immovable
Properties. 5thly modified on 11.10.2003 for Rs.Rs.175.500 Millions. 6thly
modified on 19.11.2003 by giving additional 6thly modified on. 7thly modified
on 28.07.2004 for Rs.260.000 Millions. Now by the present modification Date:
28.07.2004. A company equitable mortgage by deposit of title deed over the
immovable by deposit of title deed over the immovable properties created
earlier on 09.08.1999 to secure its extended limit of Rs.260.000 Millions |
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10125039 |
|
Corporate
identity number of the company |
U28112MH1995PTC093973 |
|
Name of the
company |
Tiger Steel
Engineering ( |
|
Address of the
registered office or of the principal place of business in |
4th Floor,
Building No. 5, Sector – 3, Millennium Business Park, Mahape, Navi Mumbai –
400710, Maharashtra, India |
|
Type of charge |
|
|
Particular of
charge holder |
Axis Bank Limited, Vashi Branch, Vardhaman Chambers Premises
Co-operative Society Limited, Plot No. 84, Sector – 17, Vashi, Navi Mumbai –
400705, Email : suyashri@vsnl.com |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement dated
12.05.09 |
|
Date of
instrument Creating the charge |
12.05.2009 |
|
Amount secured by
the charge |
Rs.500.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- On Project specific LOC and LCBD @ 2.50% below PLR p.a.(at present 13.25%
p.a.) payable Monthly Commission /
Charges on LC 75% of the bank’s standard rates Commission on BG
-Performance BG- 1.25% p.a. Financial BG-1.50% p.a. Terms of
Repayment - On Demand Margin - Nil Extent and
Operation of the charge - Within the overall limit of Rs.500.000 millions,
the Bank granted L.C.backed Bill discounting facilities of Rs. 50.000
millions as Sub-Limit of L.C. The
security by way of hypothecation of all present and future stocks, exclusive
for the Project funded by Axis Bank etc., given earlier des. in 2nd Sche. to
Agreement shall continue as security for the revised facilities, des. in 1st
Sch. to Agreement. |
|
Short particulars
of the property charged |
Hypo. of present
and future stock exclusive for the projects funded by AXIS BANK LTD including
raw materials, stock in process, cash and other current assets whatsoever
stored at Co's factory or premises or wheresoever situated or in transit and
O/S monies receivable, Claims and Bills etc. due and owing to the Company in
the course of its business. |
Fixed Assets:
- Non –
- Leasehold
Improvement
- Plant and
Machinery
- Office
Equipments
- Computer
System
- Furniture and
Fixtures
- Vehicles
- Intangible Assets
– Computer Software
Website Details:
Profile:
Subject is wholly owned subsidiary of TIGER STEEL ENGINEERING LLC., SHARJAH (UAE) specialized in Design, Engineering, Fabrication and Erection of Pre-Engineered Metal Building Systems. The Group is well known in the Middle East & India for the quality of the products and services offered.
In 1998, Subject started its journey in
THEIR OBJECTIVE is to deliver cost effective, quality Pre-Engineered Metal Buildings within agreed time schedules to their Customers.
Subject maintains high degree of professionalism at all levels, a commitment needed to maintain highest possible standards. Every project is executed with Micro Planning, to achieve the Milestones set out in the contract. This combined with quality of their products has earned them reputation in the Market Place.
Corporate giants, both National and Multinational, have complimented their strategy of providing single point responsibility for Supply and Erection with highly motivated and trained In House Project Management Team to handle projects, whether it is small or big, simple or complex.
More than 500 Pre-Engineered Buildings have been installed across the length and breadth of their Country. This experience corroborates their claim.
Regional / Area offices across the Country are fully equipped to provide pre-order and post order service to their valued Customers.
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.45.05 |
|
|
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.63.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.