1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHREE TUBE MANUFACTURING COMPANY PRIVATE LIMITED |
Principal Name 1 |
Mr. Shrinivas Laxminarayan Rathi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Shyamsunder Laxminarayan Rathi |
|
|
|
Registration # |
|
|
Street Address |
D – 4 MIDC, Waluj, Aurangabad – 431136, Maharashtra, India |
||
|
Established Date |
07.05.1987 |
SIC Code |
-- |
|
Telephone# |
91-240-2564084 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-240-2555867 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
Stainless Steel Pipes |
|
|
# of employees |
-- |
Product Name 2 |
Scrap and Pieces |
|
Paid up capital |
Rs.2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or Relatives of Directors- 100% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
24 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
94,017,000 |
Current Liabilities |
45,182,000 |
|
Inventories |
23,338,000 |
Long-term Liabilities |
26,651,000
|
|
Fixed Assets |
11,911,000 |
Other Liabilities |
363,000 |
|
Deferred Assets |
0 |
Total Liabilities |
72,196,000 |
|
Invest& other Assets |
717,000 |
Retained Earnings |
55,287,000 |
|
|
|
Net Worth |
57,787,000 |
|
Total Assets |
129,983,000 |
Total Liab. & Equity |
129,983,000 |
|
Total Assets (Previous Year) |
120,157,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
237,241,000 |
Net Profit |
11,885,000 |
|
Sales(Previous yr) |
201,912,000 |
Net Profit(Prev.yr) |
7,494,000 |
MIRA INFORM
REPORT
|
Report Date : |
28.03.2011 |
Note : Registered Office
of the company has been shifted from B 39, MIDC, Industrial Area, Waluj,
IDENTIFICATION DETAILS
|
Name : |
SHREE TUBE MANUFACTURING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
D – 4 MIDC, Waluj, Aurangabad – 431136, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
07.05.1987 |
|
|
|
|
CIN No.: |
U27100MH1987PTC043405 |
|
|
|
|
Com. Reg. No.: |
043405 |
|
|
|
|
IEC No.: |
0397070977 |
|
|
|
|
TAN No.: (Tax Deduction & Collection Account No.) |
NSKS06127C |
|
|
|
|
PAN No.: (Permanent Account No.) |
AADCS2787A |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturer of Stainless Steel Tube and Pipes |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 230000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. 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 / Factory : |
D – 4 MIDC, Waluj, Aurangabad – 431136, Maharashtra, India |
|
Tel. No.: |
91-240-2564084 |
|
Fax No.: |
91-240-2555867 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
7000 Sq. ft |
|
Location : |
Leased |
|
|
|
|
MUMBAI
CONTACT : |
71 B, Bada Mandir Compound, Oppsite 1st Panjarapole Lane,
Mumbai- 400004. |
DIRECTORS
As On : 22.09.2010
|
Name : |
Mr. Shrinivas Laxminarayan Rathi |
|
Designation : |
Chairman |
|
Address : |
Aadiya Plot No.76 – A No – 1, CIDCO, Aurangabad-431003, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1954 |
|
Date of Appointment : |
07.09.1987 |
|
DIN No : |
00073475 |
|
|
|
|
Name : |
Mr. Shyamsunder Laxminarayan Rathi |
|
Designation : |
Director |
|
Address : |
Aadiya Plot No.76 – A No – 1, CIDCO, Aurangabad-431003, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1948 |
|
Date of Appointment : |
21.08.2003 |
|
DIN No : |
00073477 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Shrinivas Laxminarayan Rathi |
|
9438 |
|
Badkul Laxmichand Subhaschand |
|
10 |
|
Rathi Nandlal Badriprasad |
|
1500 |
|
Shyamsunder Laxminarayan Rathi |
|
3995 |
|
Rameshchandra Laxminarayan Rathi |
|
501 |
|
Kishorilal Laxminarayan Rathi |
|
4714 |
|
Subhashchandra Laxminarayan Rathi |
|
501 |
|
Somani Harinarayan Rajesh |
|
500 |
|
Rathi Nandlal Gulabchand |
|
200 |
|
Malpani Hemraj Kamal |
|
1 |
|
Jugalkishor Laxminarayan Rathi |
|
1400 |
|
Laxminarayan Rathi |
|
75 |
|
Rathi Shrinivas Saroj |
|
665 |
|
Rathi Shyamsunder Savitri |
|
800 |
|
Rathi Jugalkishor Sharda |
|
100 |
|
Loya Motilal Jaynarayan |
|
100 |
|
Rathi Kishorilal Suman |
|
100 |
|
Rathi Vishal Shyamsunder |
|
400 |
|
Total |
|
25000 |
AS ON 22.09.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stainless Steel Tube and Pipes |
|
|
|
|
Products : |
Stainless Steel Tubes and Pipes |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Stainless Steel Pipes |
Kg |
NA |
2400000 |
2183440 |
|
Scrap and Pieces |
Kg |
NA |
-- |
86197 |
GENERAL INFORMATION
|
Bankers : |
·
State Bank of India, Industrial Finance Branch,
Jaggi’s Builging, Kranti Chowk, Jalna Road, Aurangabad-431005, Maharashtra,
India ·
ICICI Bank |
||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R. H. Malpani and Company Chartered Accountant |
|
Address : |
208, 1ST Floor, Arhat Market, Mondha Road, Aurangabad-430110, Maharashtra, India |
|
Tel. No.: |
91-240-2353429/2344233 |
CAPITAL STRUCTURE
As On : 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500
millions |
|
|
|
|
|
Note : (of these shares 426 shares are allotted to
one of the Directors as fully paid up in consideration of transfer of leasehold
land in MIDC, Waluj, Aurangabad to the company)
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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
55.287 |
43.402 |
35.908 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
57.787 |
45.902 |
38.408 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.781 |
9.624 |
10.853 |
|
|
2] Unsecured Loans |
4.870 |
5.676 |
6.367 |
|
|
TOTAL BORROWING |
26.651 |
15.300 |
17.220 |
|
|
DEFERRED TAX LIABILITIES |
0.363 |
0.459 |
0.642 |
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|
|
|
|
|
|
|
TOTAL |
84.801 |
61.661 |
56.270 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
11.911 |
11.189 |
12.134 |
|
|
Capital work-in-progress |
0.570 |
0.000 |
0.030 |
|
|
|
|
|
|
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INVESTMENT |
0.147 |
0.147 |
0.147 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
23.338
|
7.263 |
6.365 |
|
|
Sundry Debtors |
72.714
|
57.854 |
60.175 |
|
|
Cash & Bank Balances |
10.330
|
8.637 |
2.986 |
|
|
Other Current Assets |
2.693
|
0.866 |
0.560 |
|
|
Loans & Advances |
8.280
|
4.953 |
4.361 |
|
Total
Current Assets |
117.355
|
79.573 |
74.447 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32.807
|
23.157 |
21.911 |
|
|
Other Current Liabilities |
4.702
|
0.996 |
0.814 |
|
|
Provisions |
7.673
|
5.095 |
7.763 |
|
Total
Current Liabilities |
45.182
|
29.248 |
30.488 |
|
|
Net Current Assets |
72.173
|
50.325 |
43.959 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
84.801 |
61.661 |
56.270 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
237.241 |
201.912 |
221.044 |
|
|
|
Other Income |
4.411 |
4.473 |
3.079 |
|
|
|
TOTAL (A) |
241.652 |
206.385 |
224.123 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
198.183 |
164.858 |
163.146 |
|
|
|
Manufacturing Expenses |
12.698 |
10.041 |
15.409 |
|
|
|
Employees Remuneration |
8.437 |
8.026 |
6.317 |
|
|
|
Increase/(Decrease) in Stock |
(7.817) |
(1.579) |
11.223 |
|
|
|
Increase/(Decrease) in |
0.061 |
(0.128) |
(0.393) |
|
|
|
Selling and Distribution Expenses |
4.275 |
2.900 |
2.526 |
|
|
|
Administrative Expenses |
3.051 |
4.409 |
2.074 |
|
|
|
TOTAL (B) |
218.888 |
188.527 |
200.302 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
22.764 |
17.858 |
23.821 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.528 |
3.784 |
2.706 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.236 |
14.074 |
21.115 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.223 |
2.476 |
2.354 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
18.013 |
11.598 |
18.761 |
|
|
|
|
|
|
|
|
|
Less |
PREVIOUS YEAR
ADJUSTMENT |
(0.260) |
0.003 |
0.189 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.388 |
4.101 |
6.844 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
11.885 |
7.494 |
11.728 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
39.737 |
32.243 |
20.515 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
51.622 |
39.737 |
32.243 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
28.163 |
37.863 |
4.275 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
475.37 |
299.77 |
469.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
4.92
|
3.63 |
5.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.59
|
5.74 |
8.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.93
|
12.78 |
18.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.25 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.25
|
0.98 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.60
|
2.72 |
2.44 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
The company during the year has earned a Net Profit of Rs.18.012
millions as against last year Rs. 11.598 millions. The company is trying to
diversify and increased the business activities.
FORM 8
|
Corporate
identity number of the company |
U27100MH1987PTC043405 |
|
Name of the
company |
SHREE
TUBE MANUFACTURING COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D – 4 MIDC, Waluj,
Aurangabad – 431136 |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others |
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, Jaggi’s Builging, Kranti
Chowk, Jalna Road, Aurangabad-431005, Maharashtra, India |
|
Nature of
instrument creating charge |
1.
Supplemental Agreement of Loan-Cum-Hypothecation 2.
Memorandum for recording extension of mortgage by Deposit of Title Deeds 3.
Letter of Arrangement 4.
Guarantee Agreement |
|
Date of
instrument Creating the charge |
07.01.2010 |
|
Amount secured by
the charge |
Rs. 58.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC- 0.75%
below SBAR present effective rate 11.00% p.a. with monthly rests EOTL-I-
1.50% above SBAR present effective rate 13.25% p.a. with monthly rests OTL-III-
0.25% below SBAR - 11.50%p.a. Terms of
repayment 1.
CC- Repayable on Demand 2. Open
Term Loan - I - to be repaid as per the existing repayment schedule 3.
Open Term Loan III= Repayment 60 Monthly installments commencing on Oct 2010 06
installments of Rs. 1,75,000/- each + applicable interest 41
installments of Rs. 2,10,000/- each + applicable interest 1
installments of Rs. 3,40,000/- each + applicable interest Margin Raw
Material (Indigenous) = 25% Stock
in process = 33.33% Finished
Goods = 33.33% Components/
Consumables / spares = 33.33% Domestic
Receivables 61 days = 40.00% Term
Loan III- 15%, Letters of Credit - 20%, Bank Guarantees - 20% Extent and
operation of the charge Exclusive
first charge on the fixed as well as current assets of the Company Other Personal
guarantee of Mr. Shriniwas L. Rathi, Mr. Shyamsunder L. Rathi, Directors of
the Company and Third party guarantees of Dr. Ramesh G. Malani, Dr.
Subhashchandra L. Rathi |
|
Short particulars
of the property charged (Including location of the property) |
1. Primary
security of Hypothecation of stock of Raw Materials, stocks, SFG, FG and Book
Debts, consumables receivables 2.
Hypothecation of Plant and Machinery at Plot No B-39 and D-4, MIDC Waluj
Aurangabad 3.
Extension of equitable mortgage of factory Land and Building on Plot No B-39
(adm. 1701 sq mtr) and D-4, (Adm 5346sq. Mtr) MIDC Waluj, Village Waladgaon,
Aurangabad 4.
Hypothecation of Plant and Machinery purchased and to be purchased out of
term loans sanctioned to the Company 5. 20% cash margin in terms of STDR |
|
Charge
identification number of the charge to be modified |
90222454 |
|
Date of
instrument modifying the charge |
26.07.2008 |
|
Particulars of
the present modification |
Enhancement
of Overall Limit from Rs. 42.652 millions to Rs. 58.000 millions by adding CC
Limit of Rs. 5.000 millions, SLC Limit of Rs. 1.750 millions, Open Term
Loan-II Rs 10.000 millions Cancelled and fresh Sanction of Term Loan III Rs
10.000 millions and enhancement in LC Limit Rs. 6.000 millions, and Bank
guarantee limit Rs. 1.500 millions and repayment of Term Loan Rs 1.098
millions |
FIXED ASSETS
ü Leasehold Land
ü Building
ü Office Building
ü Plant and
Machinery
ü Factory Equipments
ü Computer
ü Furniture
ü Vehicles
ü Office Equipments
ü Software Expenses
WEB SIDE DETAILS
PROFILE
Subject Aurangabad, is a professionally managed
company promoted by a group of Engineers with wide experience in the field of tube
manufacturing. The Company is accredited by TUV Nord for DIN EN ISO 9001:2008 Certificate
Since 1989 Company manufacturers Quality Stainless Steel Tubes and Stainless
Steel Pipes in Various grades as per relevant specifications catering needs of
different customer globally
At Shree Tube stringent
Inspection, Quality Control and Testing Procedures are adopted at various
stages of Manufacturing as per the quality manual to ensure quality of
products. Continues improvement in manufacturing activities back by high tech
equipments assures quality Products.
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.44.65 |
|
|
1 |
Rs.71.91 |
|
Euro |
1 |
Rs.63.28 |
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 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.