|
Report Date : |
13.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
KAY BOUVET ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
N-3, Addl MIDC Area, Satara-415004, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
04.10.1993 |
|
|
|
|
Com. Reg. No.: |
11-074309 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 93.166 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U57909PN1993PTC074309 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
PNEK05816G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK4669H |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Service Provider and Supplier of
steel plant machinery, white sugar plant, water tube industrial boilers,
distillery, fuel ethanol plants etc. |
|
|
|
|
No. of
Employees: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2969432 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be usally 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Ugesh |
|
Designation : |
Purchase Department |
|
Contact No.: |
91-9355777031 |
|
Date : |
12.04.2012 |
LOCATIONS
|
Registered Office / Factory 1 / Sales Office: |
N-3, Addl MIDC Area, Satara-415004, Maharashtra, India |
|
Tel. No.: |
91-2162-246653 / 54/ 55 |
|
Fax No.: |
91-2162-240554 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2 : |
Plot No. 6 and 7, HSIDC, Mankapur Industrial Area,
Jagadhri 135 003, (Haryana) India |
|
Tel. No.: |
91-1735-286667, |
|
Fax No.: |
91-1732-235903 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
B-54, MIDC, Satara – 415004, Maharashtra, India |
|
Tel. No.: |
91-2162-246153-56 |
|
Fax No.: |
91-2162-246133 |
|
|
|
|
Sales Office : |
CHENNAI Ph. No. 91-44-2826 8130 E-mail : info.chennai@kaybouvet.com DELHI Ph. No. 91-11-2272 7354 Fax : 91-11-22727168 E-mail : info.delhi@kaybouvet.com YAMUNANAGAR Ph. No. 91-1732-232 086, 220 409 Fax : 91-1732-235903 E-mail : info.ymnr@kaybouvet.com |
DIRECTORS
AS ON 23.09.2011
|
Name : |
Mr. Sunil Chandra |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Kalindi, Jorian, Jagadhri-135003, Haryana, India |
|
Date of Birth/Age : |
15.12.1936 |
|
Date of Appointment : |
04.10.1993 |
|
|
|
|
Name : |
Ms. Usha Gupta |
|
Designation : |
Director |
|
Address : |
Kalindi, Jorian, Jagadhri-135003, Haryana, India |
|
Date of Birth/Age : |
21.07.1940 |
|
Date of Appointment : |
18.08.2004 |
|
|
|
|
Name : |
Mr. Niraj Chandra |
|
Designation : |
Director |
|
Address : |
Plot No.17, 506 Sadar Bazar, Satara 415002, Maharashtra,
India |
|
Date of Birth/Age : |
05.01.1964 |
|
Date of Appointment : |
23.09.2011 |
|
|
|
|
Name : |
Mr. Sheelkant Sharma |
|
Designation : |
Director |
|
Address : |
D-43, IFS Apartments, Mayur Vihar, Phase-I, New
Delhi-110091, Delhi, India |
|
Date of Birth/Age : |
10.01.1950 |
|
Date of Appointment : |
23.09.2011 |
|
|
|
|
Name : |
Mr. Prakash Chandra Bansal |
|
Designation : |
Director |
|
Address : |
House No. 162, Sector 6, Panchkula, 134109, Haryana, India |
|
Date of Birth/Age : |
06.01.1950 |
|
Date of Appointment : |
23.09.2011 |
|
|
|
|
Name : |
Mr. Anilkumar Rajvanshi |
|
Designation : |
Director |
|
Address : |
Phaltan Naka, Rajvanshi Niwas, Phaltan Lonand Road,
Phaltan, 415523, India |
|
Date of Birth/Age : |
01.09.1950 |
|
Date of Appointment : |
23.09.2011 |
KEY EXECUTIVES
|
Name : |
Mr. Ugesh |
|
Designation : |
Purchase Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2011
|
Names of Shareholders |
No. of Shares |
|
Niraj Chandra |
1606640 |
|
Sushil Chandra |
160240 |
|
Sushil Chandra HUF |
4300 |
|
Usha Gupta |
113000 |
|
Chandra Trading and Investment Private Limited, India |
597600 |
|
J, Bouvet and Associates, USA |
117000 |
|
Deepa Agarwal |
441000 |
|
S M Sadekar |
100 |
|
Niraj Chandra HUF |
301000 |
|
Kay Nitroxygen Private Limited, India |
3223386 |
|
Kay Chandra Iron Engineering Works Private Limited, India |
2752400 |
|
Total |
9316666 |
AS ON 23.09.2011
|
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 |
1.26 |
|
Bodies corporate |
70.56 |
|
Directors or relatives of Directors |
28.18 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Service Provider and Supplier of
steel plant machinery, white sugar plant, water tube industrial boilers,
distillery, fuel ethanol plants etc. |
GENERAL INFORMATION
|
Bankers : |
·
IDBI Bank Limited, IDBI Tower WTC, Complex, Cuffe
Parade, Mumbai-400005, Maharashtra, India ·
HDFC Bank Limited ·
ICICI Bank Limited ·
Dena Bank ·
Bank of Maharashtra ·
Central Bank of India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Sicom Limited, Nirmal Building, 1st Floor, Nariman Point,
Mumbai-400021, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Godbole And Company Chartered Accountant |
|
Address : |
F-3, Manali Apartment, 4/2, Kesarkar Peth, Satara-415002, Maharashtra,
India |
|
|
|
|
Associates/Subsidiaries : |
·
KAY Iron Works Private Limited ·
Kay Nitroxygen Private Limited ·
Chandra Trading and Investment Private Limited ·
Kay Chandra Iron Engineering Private Limited |
CAPITAL STRUCTURE
AS ON 23.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9316666 |
Equity Shares |
Rs.10/- each |
Rs. 93.166
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
93.166 |
90.043 |
80.043 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
649.192 |
563.475 |
110.539 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
742.358 |
653.518 |
190.582 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
344.874 |
106.429 |
82.834 |
|
|
2] Unsecured Loans |
54.997 |
55.447 |
145.447 |
|
|
TOTAL BORROWING |
399.871 |
161.876 |
228.281 |
|
|
DEFERRED TAX LIABILITIES |
25.219 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1167.448 |
815.394 |
418.863 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
698.628 |
526.965 |
241.057 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
219.424
|
158.309
|
131.014 |
|
|
Sundry Debtors |
300.442
|
248.178
|
194.925 |
|
|
Cash & Bank Balances |
56.789
|
1.339
|
1.183 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
144.124
|
81.439
|
69.709 |
|
Total
Current Assets |
720.779
|
489.265
|
396.831 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
82.603
|
186.379
|
191.321 |
|
|
Other Current Liabilities |
161.473
|
11.256
|
26.244 |
|
|
Provisions |
7.883
|
3.201
|
1.460 |
|
Total
Current Liabilities |
251.959
|
200.836
|
219.025 |
|
|
Net Current Assets |
468.820
|
288.429
|
177.806 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1167.448 |
815.394 |
418.863 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1247.340 |
831.320 |
499.723 |
|
|
|
Other Income |
NA |
1.918 |
0.329 |
|
|
|
TOTAL (A) |
1247.340 |
833.238 |
500.052 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumed and Manufacturing Expenses |
NA |
727.464 |
375.994 |
|
|
|
Increase / Decrease in Stock |
NA |
(55.139) |
(3.099) |
|
|
|
Employees Emoluments |
NA |
24.222 |
19.659 |
|
|
|
Excise Duty |
NA |
38.718 |
45.466 |
|
|
|
Administrative, Selling and Distribution Expenses |
NA |
22.993 |
14.870 |
|
|
|
Expenses Written Off |
NA |
0.000 |
0.011 |
|
|
|
TOTAL (B) |
NA |
758.258 |
452.901 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
74.980 |
47.151 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
28.223 |
9.717 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
46.757 |
37.434 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
26.647 |
24.938 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
39.554 |
20.110 |
12.496 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
7.883 |
3.202 |
2.169 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
31.671 |
16.908 |
10.327 |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
DIFFERED INCOME TAX |
(4.891) |
(3.396) |
(2.544) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
72.339 |
59.676 |
51.932 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT ADJUSTED
AGAINST AMALGAMATION RESERVE |
0.000 |
0.010 |
0.039 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
99.119 |
73.178 |
59.676 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.54
|
2.03
|
2.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.17
|
2.42
|
2.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.79
|
1.98
|
2.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.03
|
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.88
|
0.55
|
2.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.86
|
2.44
|
1.81 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
82.603
|
186.379
|
191.321 |
|
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
OPERATIONS:
Company achieved sales of Rs. 1247.340 Millions and net profit of Rs. 39.554
Millions against sales of Rs. 831.320 Millions and net profit of Rs. 20.111
Millions of the previous year. The company achieved remarkable growth of 50% in
turnover in comparison to that of last year.
Sugar Division: The Company has
made major supplies to G M Sugar and Energy Limited and Shivratna Udyog Private
Limited during the Financial Year.
Special Product
division: The Company has successfully
completed order of Vedanta Aluminium Limited. Further the company has made
supplies under various orders of Customers viz. Nuclear Power Corporation of
India Limited., Bhabha Atomic Research Centre (BARC), Bharatiya Nabhikiya
Vidyut Nigam Limited (BHAVINI), Bhushan Power and Steel Limited, etc.
CURRENT ORDERS IN
HAND:
Sugar Division: Company had received
order worth Rs. 640.000 Millions from Shivratna Udyog Private Limited for green
field project of 2520 TCD plant capacity last year. They have started the
supplies since last year itself for this project. Further company has received
order for Rs. 364.000 Millions from Shree Basavashwar Sugars Limited. Apart
from these some small orders have also been received from various customers.
Special Division: The Company has
to execute orders worth Rs. 1109.600 Millions approximately of various
customers including Nuclear Power Corporation of India Limited, Bhabha Atomic
Research Center (BARC), BHAVINI, GEBR Pfeiffer (India) Private Limited, Bhushan
Power and Steel Limited and Bharat Heavy Electricals Limited etc for supply of
various capital goods.
Company had already received order worth Rs. 368.600 Millions from
Mangalore Refinery and Petrochemicals Limited (MRPL) for supply of Storage
Tanks last year. They have started the
supplies since last year itself.
Exports: The Directors are
pleased to inform you that after continuous effort, the Company has stepped
into overseas market. The company entered into the agreement with Overseas Infrastructure Alliance (India)
Private Limited for designing supplying, manufacturing and erection of 8750 TCD
Sugar Plant with COGEN on EPC basis on the directions given by Mashkour Sugar
Company Limited, Sudan for USD 106.20 Million. This Project is being funded by
EXIM Bank of India. We are under the preparation of starting the project,
further we plan to start supplies within financial year ending on 31.03.2012.
This time the company has total order in hand worth for Rs. 6704.600
Millions from all the divisions.
FORM 8
|
Corporate
identity number of the company |
U57909PN1993PTC074309 |
|
Name of the
company |
KAY BOUVET
ENGINEERING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
N-3, ADDL MIDC Area, Satara-415004, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
IDBI Bank Limited, IDBI Tower WTC, Complex, Cuffe Parade,
Mumbai-400005, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of hypothecation dates 15.03.2012 |
|
Date of
instrument Creating the charge |
15.03.2012 |
|
Amount secured by
the charge |
Rs. 1550.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest BBR+425 BPS P.A.
Payable Monthly Terms of
Repayment As Per The
Attached Sanction Letter & Deed Of Hypothecation Margin 1) EPC 10% 2) Cash Credit-
Raw Material/Stock In Process/ Finished Goods/ Stores And Spares: 25% Receivables- 25% 3) Bank
Guarantee- Back To Back Bg: Nil, Others: 5% 4) Letter Of
Credit: 5% In Fdr And 100% For Disputed Liabilities 5) Treasury
Limit- 12% Extent and
Operation of the charge First Pari Passu
Charge On The Current Assets Of The Company And Others As Mentioned In
Attached Deed Of Hypothecation |
|
Short particulars
of the property charged (Including location of the property) |
The
borrower's entire stocks of raw materials, semi finished and finished goods, consumable stores and spares and such
other movables including Book Debts, bills whether documentary or clean
Outstanding monies receivables, both present and future and whole of the
movable properties of the borrower including its plant and machinery,
machinery spares, tools and accessories and movables, Both
present and future whether installed etc. as enclosed herewith in the Deed of
Hypothecation dated 15-03-2012 |
FIXED ASSETS
·
Building
·
Camera
·
Car
·
Computer
·
Electric Installation
·
Factory Building
·
Gas Cylinders
·
Gun
·
Land
·
Moulds and Patterns
·
Plant and Machinery
·
Temple
·
Tools
·
Vehicles
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.51.44 |
|
|
1 |
Rs.81.96 |
|
Euro |
1 |
Rs.67.60 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.