|
Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUNBORNE ENERGY SERVICES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.03.2009 |
|
|
|
|
Com. Reg. No.: |
55 – 188629 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.867 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2009FTC188629 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Developing Power Projects which is derived from non- conventional
source of Solar Energy. |
|
|
|
|
No. of Employees
: |
Not Available |
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 1076948 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
huge accumulated losses recorded by the company. Profitability is under
pressure. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
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 – September 30, 2011
|
Country Name |
Previous Rating (30.09.2011) |
Current Rating (31.12.2011) |
|
India |
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 : |
9, |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
1st Floor, Technopolis, DLF Golf and |
|
Tel. No.: |
91-124-475-0600 |
|
Fax No.: |
91-124-475-0601 |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Anil Thankappan Nayar |
|
Designation : |
Director |
|
Address : |
Flat No. |
|
Date of Birth/Age : |
26.05.1965 |
|
Date of Appointment : |
16.09.2010 |
|
DIN No.: |
01997052 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74999DL2004PTC198643 |
AXIS RISK CONSULTING
SERVICES PRIVATE LIMITED |
Director |
30/09/2008 |
13/12/2007 |
04/08/2009 |
Active |
NO |
|
2 |
U74900GJ2009FTC056422 |
SUNBORNE ENERGY GUJARAT
ONE PRIVATE LIMITED |
Director |
17/09/2010 |
22/05/2009 |
- |
Active |
NO |
|
3 |
U72900DL2008PTC222584 |
SunBorne Energy
Technologies Private Limited |
Director |
26/04/2010 |
22/05/2009 |
- |
Active |
NO |
|
4 |
U40109AP2008PTC061586 |
SunBorne Energy Andhra
Private Limited |
Director |
26/04/2010 |
22/05/2009 |
- |
Active |
NO |
|
5 |
U74999DL2009FTC188629 |
SunBorne Energy Services
India Private Limited |
Director |
16/09/2010 |
22/05/2009 |
- |
Active |
NO |
|
6 |
U74900RJ2009FTC028507 |
SunBorne Energy Rajasthan One
Private Limited |
Director |
15/09/2010 |
22/05/2009 |
- |
Active |
NO |
|
7 |
U72900DL2010PTC197569 |
Minimill Technologies
Services India Private Limited |
Director |
01/01/2010 |
01/01/2010 |
- |
Active |
NO |
|
8 |
U37100HR2010PTC040378 |
SunBorne Energy Gujarat
Solar Thermal Private Limited |
Director |
28/09/2011 |
24/05/2010 |
- |
Active |
NO |
|
9 |
U74140RJ2010PTC031900 |
SunBorne Energy Jaipur
Solar Private Limited |
Director |
24/05/2010 |
24/05/2010 |
- |
Active |
NO |
|
10 |
U74140RJ2010PTC031899 |
SunBorne Energy Rajasthan
Solar Private Limited |
Director |
24/05/2010 |
24/05/2010 |
- |
Active |
NO |
|
11 |
U40100DL2010PTC223562 |
SunBorne Energy Power
Project Private Limited |
Director |
02/06/2010 |
02/06/2010 |
- |
Active |
NO |
|
12 |
U51100MH1979PTC021451 |
PAR SOLAR Private Limited |
Additional director |
28/11/2011 |
28/11/2011 |
- |
Active |
NO |
|
13 |
U74140HR2011PTC044457 |
AGDOS CONSULTANTS PRIVATE LIMITED
|
Director |
05/12/2011 |
05/12/2011 |
- |
Active |
NO |
|
Name : |
Mr. James Varghese Kavunkal
Abraham |
|
Designation : |
Director |
|
Address : |
SE-3, World Spa Esat, Sector -30/41, Gurgaon – 122002, |
|
Date of Birth/Age : |
14.12.1964 |
|
Date of Appointment : |
16.09.2010 |
|
DIN No.: |
02559000 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of the
Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U74140MH1996PTC099037 |
THE BOSTON CONSULTING
GROUP (INDIA) PRIVATE LIMITED |
Director |
06/01/2006 |
06/01/2006 |
30/09/2009 |
Active |
NO |
|
2 |
U74900GJ2009FTC056422 |
SUNBORNE ENERGY GUJARAT
ONE PRIVATE LIMITED |
Director |
17/09/2010 |
22/05/2009 |
- |
Active |
NO |
|
3 |
U72900DL2008PTC222584 |
SunBorne Energy Technologies
Private Limited |
Director |
26/04/2010 |
22/05/2009 |
- |
Active |
NO |
|
4 |
U40109AP2008PTC061586 |
SunBorne Energy Andhra
Private Limited |
Director |
26/04/2010 |
22/05/2009 |
- |
Active |
NO |
|
5 |
U74900RJ2009FTC028507 |
SunBorne Energy Rajasthan
One Private Limited |
Director |
15/09/2010 |
22/05/2009 |
- |
Active |
NO |
|
6 |
U74999DL2009FTC188629 |
SunBorne Energy Services
India Private Limited |
Director |
16/09/2010 |
22/05/2009 |
- |
Active |
NO |
|
7 |
U37100HR2010PTC040378 |
SunBorne Energy Gujarat
Solar Thermal Private Limited |
Director |
28/09/2011 |
24/05/2010 |
- |
Active |
NO |
|
8 |
U74140RJ2010PTC031900 |
SunBorne Energy Jaipur
Solar Private Limited |
Director |
24/05/2010 |
24/05/2010 |
- |
Active |
NO |
|
9 |
U74140RJ2010PTC031899 |
SunBorne Energy Rajasthan
Solar Private Limited |
Director |
24/05/2010 |
24/05/2010 |
- |
Active |
NO |
|
10 |
U40100DL2010PTC223562 |
SunBorne Energy Power Project
Private Limited |
Director |
02/06/2010 |
02/06/2010 |
- |
Active |
NO |
|
11 |
U40101MH2007PLC174071 |
L&T POWER DEVELOPMENT
LIMITED |
Director |
26/08/2011 |
24/03/2011 |
- |
Active |
NO |
|
12 |
U74140HR2011PTC044457 |
AGDOS CONSULTANTS PRIVATE
LIMITED |
Director |
05/12/2011 |
05/12/2011 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms. Sandhya Verma |
|
Designation : |
Secretary |
|
Address : |
Flat No.9, 2nd Floor, Sharma Apartment, Mehrauli, New Delhi
, India |
|
Date of Birth/Age : |
20.10.1980 |
|
Date of Appointment : |
03.01.2011 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sunborne Energy Development Holding Limited |
|
34057 |
|
Sunborne Energy Development Holding One Limited |
|
34057 |
|
Sunborne Energy Holdings LLC |
|
1 |
|
Total |
|
68115 |
|
|
|
|
|
PREFERENCE
SHAREHOLDERS AS ON 30.09.2011 |
|
|
|
Names of Shareholders |
|
No. of Shares |
|
Wadhawan Solar Private Limited |
|
18608 |
AS ON 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors and Relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Developing Power Projects which is derived from non- conventional
source of Solar Energy. |
GENERAL INFORMATION
|
Bankers : |
Not Available |
|
|
|
|||||||||||||||
|
Banking
Relations : |
# Repayable within one year
Rs. 75,000,000 (previous period Rs. Nil) Term loan has been granted for
general corporate purpose and secured against pledge of 11,999 equity share
of SunBorne Energy Gujarat OnePrivate limited, held by the Company and deed
of guranty issued by SunBorne Energy Holdings LLC, the ultimate holding
company. * Term loan has been granted for funding requirements with respect to working capital requirements and secured against pledge of 9,999 equity shares of SunBorne Energy Andhra Private Limited, held by the Company. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Financial Institution : |
SVB India Finance Private Limited, 84, Free Press House, 215, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Auditors : |
|
|||||||||||||||
|
Name : |
B S R and Associates Chartered Accountant |
|||||||||||||||
|
Address : |
Building No.10, 8th Floor, Tower – B, |
|||||||||||||||
|
Tel. No.: |
91-124-2549191 |
|||||||||||||||
|
Fax No.: |
91-124-2549101 |
|||||||||||||||
|
PAN.: |
AAIFB0630K |
|||||||||||||||
|
|
|
|||||||||||||||
|
Holding Company: |
Sunborne Energy Development Holdings Limited, Mauritius up till
31.08.2010 |
|||||||||||||||
|
|
|
|||||||||||||||
|
Ultimate Holding
Company: |
Sunborne Energy Holdings, LLC |
|||||||||||||||
|
|
|
|||||||||||||||
|
Subsidiaries : |
SunBorne Energy Andhra Private Limited U40109AP2008PTC061586 SunBorne Energy Gujarat Solar Thermal Private Limited U37100HR2010PTC040378 SUNBORNE ENERGY GUJARAT ONE PRIVATE LIMITED U74900GJ2009FTC056422 SunBorne Energy Jaipur Solar Thermal Private Limited U74140RJ2010PTC031900 SunBorne Energy Power Project Private Limited U40100DL2010PTC223562 SunBorne Energy Rajasthan One Private Limited U74900RJ2009FTC028507 SunBorne Energy Rajasthan Solar Private Limited U74140RJ2010PTC031899 SunBorne Energy Technologies Private Limited U72900DL2008PTC222584 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
|
100000 |
Optionally Convertible Preference Shares |
Rs.10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68115 |
Equity Shares |
Rs.10/- each |
Rs. 0.681
Million |
|
18608 |
Optionally Convertible Preference Shares |
Rs.10/- each |
Rs.0.186
Million |
|
|
|
|
|
Note:
Of the above 34057 shares are held by Sunborne
Energy Development Holdings Limited, Mauritius. One share is held by Sunborne
Energy Holdings, LLC, the ultimate holding Company
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.867 |
0.481 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
515.099 |
312.288 |
|
|
4] (Accumulated Losses) |
|
(246.729) |
(85.725) |
|
|
NETWORTH |
|
269.237 |
227.044 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
98.067 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
98.067 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
367.304 |
227.044 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
3.131 |
2.857 |
|
|
Capital work-in-progress |
|
0.629 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
33.800 |
23.399 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
8.530 |
0.000 |
|
|
Cash & Bank Balances |
|
427.359 |
179.175 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
6.172 |
32.861 |
|
Total
Current Assets |
|
442.061 |
212.036 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
11.090 |
0.000 |
|
|
Other Current Liabilities |
|
96.940 |
9.373 |
|
|
Provisions |
|
4.287 |
1.875 |
|
Total
Current Liabilities |
|
112.317 |
11.248 |
|
|
Net Current Assets |
|
329.744 |
200.788 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
367.304 |
227.044 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
95.820 |
0.000 |
|
|
|
Other Income |
|
4.752 |
3.438 |
|
|
|
TOTAL |
|
100.572 |
3.438 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Subcontracting Cost |
|
87.889 |
0.000 |
|
|
|
Personal Expenses |
|
88.866 |
51.533 |
|
|
|
Administrative Expenses |
|
76.363 |
36.595 |
|
|
|
TOTAL |
|
253.118 |
88.128 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
(152.546) |
(84.690) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
6.424 |
0.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(158.970) |
(84.721) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
2.034 |
0.615 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
(161.004) |
(85.336) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
(161.004) |
(85.725) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
(85.725) |
-- |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(246.729) |
(85.725) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
(160.08) |
(2493.45) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
(168.03) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(36.17) |
(39.71) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.60) |
(0.37) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.78 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.93 |
18.85 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
10) Designation of contact person |
No |
|
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) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
No |
|
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 |
Change of Address:
Registered office of the company has been shifted from 18,
Form 8:
|
Corporate
identity number of the company |
U74999DL2009FTC188629 |
|
Name of the
company |
SUNBORNE ENERGY SERVICES INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
9, |
|
This form is for |
Creation of charge |
|
Type of charge |
Book Debts Movable Property Floating charge Patent, License under a patent Trademark Copyright or license under a copyright |
|
Particular of
charge holder |
SVB India Finance Private Limited, 84, Free Press House, 215, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
09.11.2010 |
|
Amount secured by
the charge |
Rs. 75.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 12% per annum Terms of
Repayment Earlier of (i)
February 15, 2012, or (ii) occurrence of an Event of Default Margin NIL Extent and
Operation of the charge The charge is for
Term Loan Amount Rs. 75.000 Millions and the charge is secured by a first
charge by way of hypothecation in favour of SVB of all of Company’s existing,
future, fixed and current assets including any and all intellectual Property
except for the investments made or held by the company in its subsidiaries
and/ or in the Special Purpose Vehicles (SPVs). For further details, refer to
Deed of Hypothecation attached with this form. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
Fixed Assets:
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.54.92 |
|
|
1 |
Rs.85.47 |
|
Euro |
1 |
Rs.67.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
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.