|
Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
DANISH STEEL CLUSTER PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
46, Bommasandra, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.01.2004 |
|
|
|
|
Com. Reg. No.: |
033200 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.47.062 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02710KA2004PTC033200 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRD02686F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD9135B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Engineering Goods. |
|
|
|
|
No. of Employees
: |
125 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 401336 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Venkat |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-80-27839136 |
|
Date : |
24.05.2012 |
LOCATIONS
|
Registered Office/Factory : |
46, Bommasandra, Jigani Link Road, Kiadb Industrial Area, Jigani,
Bangalore – 562106, Karnataka , India |
|
Tel. No.: |
91-80-2839136, 27839133, 27839139 |
|
Fax No.: |
91-80-27839132 |
|
E-Mail : |
DIRECTORS
AS ON 23.08.2011
|
Name : |
Mr. Sridhar Sampath |
|
Designation : |
Director |
|
Address : |
Flat-8, Aparna, 46 (Old) Moorthy Street Extension, West
Mambalam, Chennai - 600 033, Tamil Nadu, India |
|
Date of Birth/Age : |
21.06.1964 |
|
Date of Appointment : |
25.07.2007 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U28999TN2000PTC053650 |
EagleBurgmann KE Private Limited
|
Director |
13/01/2004 |
13/01/2004 |
29/01/2009 |
Active |
NO |
|
2 |
U40108TN2002PTC049386 |
INDAN ENERGY PRIVATE
LIMITED |
Director |
01/10/2004 |
01/10/2004 |
- |
Active |
NO |
|
3 |
U72300TN1996PTC036901 |
PROCON SYSTEMS PRIVATE
LIMITED |
Director |
16/09/2005 |
16/09/2005 |
27/06/2008 |
Active |
NO |
|
4 |
U74140TN2005PTC058319 |
HAYAGRIVA ADVISORY
SERVICES PRIVATE LIMITED. |
Director |
15/12/2005 |
15/12/2005 |
- |
Active |
NO |
|
5 |
U74999MH2000PTC123855 |
FOWLER WESTRUP (INDIA)
PRIVATE LIMITED |
Director |
28/02/2007 |
28/02/2007 |
19/09/2007 |
Active |
NO |
|
6 |
U02710KA2004PTC033200 |
DANISH STEEL CLUSTER
PRIVATE LIMITED |
Director |
10/07/2008 |
25/07/2007 |
- |
Active |
NO |
|
7 |
U29255TN2011FTC080122 |
Conveyor Teknik India
Private Limited |
Nominee director |
16/06/2011 |
16/06/2011 |
- |
Active |
NO |
|
8 |
U36900KA2011PTC056679 |
KALASAM BIO FUELS PRIVATE
LIMITED |
Nominee director |
07/03/2012 |
07/03/2012 |
- |
Active |
NO |
|
9 |
U15400KA2011PTC056475 |
KALASAM SACRED FOODS
PRIVATE LIMITED |
Nominee director |
07/03/2012 |
07/03/2012 |
- |
Active |
NO |
|
Name : |
Mr. John Roth |
|
Designation : |
Director |
|
Address : |
Birkemosevej 51, Kolding, 6000, Denmark |
|
Date of Birth/Age : |
12.12.1958 |
|
Date of Appointment : |
27.04.2007 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U02710KA2004PTC033200 |
DANISH STEEL CLUSTER
PRIVATE LIMITED |
Director |
27/04/2007 |
27/04/2007 |
- |
Active |
NO |
|
Name : |
Mr. John Graff |
|
Designation : |
Director |
|
Address : |
Hermelinvanget 5 Strandhuse Kolding-6000,Denmark |
|
Date of Birth/Age : |
13.06.1964 |
|
Date of Appointment : |
12.10.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U02710KA2004PTC033200 |
DANISH STEEL CLUSTER PRIVATE
LIMITED |
Director |
23/08/2011 |
12/10/2010 |
- |
Active |
NO |
|
Name : |
Mr. Tove Augustinus Roth |
|
Designation : |
Director |
|
Address : |
Birkemosevej 51, Nr Bjert, Kolding, 6000, Denmark |
|
Date of Birth/Age : |
22.03.1963 |
|
Date of Appointment : |
12.10.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U02710KA2004PTC033200 |
DANISH STEEL CLUSTER
PRIVATE LIMITED |
Director |
23/08/2011 |
12/10/2010 |
- |
Active |
NO |
|
Name : |
Mr. Narasimha Murthy Alilaghatta Chidambaraiah |
|
Designation : |
Director |
|
Address : |
No.910, Samriddi, 1st Main, 5th Block, H M T Layout,
Vidyaranyapura, Bangalore-560097. |
|
Date of Birth/Age : |
08.06.1964 |
|
Date of Appointment : |
09.02.2011 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U02710KA2004PTC033200 |
DANISH STEEL CLUSTER
PRIVATE LIMITED |
Managing director |
23/08/2011 |
09/02/2011 |
- |
Active |
NO |
|
Name : |
Mr. Lars Skov Jensen |
|
Designation : |
Director |
|
Address : |
Polarvej 69, Vejle-7100, Denmark. |
|
Date of Birth/Age : |
09.12.1954 |
|
Date of Appointment : |
16.01.2004 |
|
Date of Ceasing: |
12.10.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U02710KA2004PTC033200 |
DANISH STEEL CLUSTER
PRIVATE LIMITED |
Director |
16/01/2004 |
16/01/2004 |
12/10/2010 |
Active |
NO |
|
Name : |
Mr. Sumanth Rudraiah |
|
Designation : |
Director |
|
Address : |
No. 2, Srikantan Layout,, Crescent Road, Bangalore – 560
001. |
|
Date of Birth/Age : |
05.05.1963 |
|
Date of Appointment : |
01.06.2004 |
|
Date of Ceasing: |
28.10.2010 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U02710KA2004PTC033200 |
DANISH STEEL CLUSTER
PRIVATE LIMITED |
Managing director |
16/07/2004 |
01/06/2004 |
28/10/2010 |
Active |
NO |
|
2 |
U29100TN2010PTC076709 |
WITTUR ELEVATOR COMPONENTS
INDIA PRIVATE LIMITED |
Managing director |
17/01/2011 |
17/01/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Steel Partner Holding APS |
|
3700433 |
|
The Industrialisation Fund for Developing Countries |
|
1005800 |
|
Total |
|
4706233 |
AS ON 23.08.2011
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Engineering Goods. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
No. of Employees : |
125 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
The Royal Bank of Scotland N.V. (acting for itself and on behalf of
IFU), 7th Floor, Sakhar Bhavan, Nariman Point, Mumbai - 400021,
Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Financial Institution: |
The Industralization Fund For Developing Countries, Frederciagade 27,, 1310, Copenhagen, Copenhagen K - 1069, Denmark |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Badami and Kamath Chartered Accountant |
|
Address : |
596, 5th Cross, 5th Cross, 4th Block, Koramangala, Bangalore – 560034,
Karnataka, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4750000 |
Equity Shares |
Rs.10/- each |
Rs.47.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4706233 |
Equity Shares |
Rs.10/- each |
Rs.47.062 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 |
47.062 |
47.062 |
47.062 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
53.272 |
54.255 |
48.165 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
100.334 |
101.317 |
95.227 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
24.689 |
12.708 |
15.991 |
|
|
2] Unsecured Loans |
18.888 |
21.112 |
23.452 |
|
|
TOTAL BORROWING |
43.577 |
33.820 |
39.443 |
|
|
DEFERRED TAX LIABILITIES |
1.538 |
0.736 |
0.436 |
|
|
|
|
|
|
|
|
TOTAL |
145.449 |
135.873 |
135.106 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
69.433 |
62.397 |
62.702 |
|
|
Capital work-in-progress |
4.988 |
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 |
47.063
|
36.068 |
16.700 |
|
|
Sundry Debtors |
79.717
|
37.872 |
47.415 |
|
|
Cash & Bank Balances |
3.719
|
12.653 |
11.736 |
|
|
Other Current Assets |
12.450
|
13.826 |
10.570 |
|
|
Loans & Advances |
0.012
|
0.242 |
0.064 |
|
Total
Current Assets |
142.961
|
100.661 |
86.485 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.823
|
21.186 |
8.370 |
|
|
Other Current Liabilities |
7.775
|
4.064 |
3.697 |
|
|
Provisions |
19.335
|
1.935 |
2.014 |
|
Total
Current Liabilities |
71.933
|
27.185 |
14.081 |
|
|
Net Current Assets |
71.028
|
73.476 |
72.404 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
145.449 |
135.873 |
135.106 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
234.577 |
118.500 |
188.804 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
217.602 |
112.110 |
160.102 |
|
|
|
|
|
|
|
|
|
PROFIT FOR THE
YEAR |
16.975 |
6.390 |
28.702 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.15
|
0.60 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
3.70 |
6.14 |
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 |
Yes |
|
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 |
No |
|
17)
Major suppliers |
No |
|
18)
Major customers |
No |
|
19)
Payments terms |
Yes |
|
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 |
FORM 8:
|
Corporate identity number of the company |
U02710KA2004PTC033200 |
|
Name of the company |
DANISH STEEL CLUSTER PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
46, Bommasandra,Jigani Link Road, Kiadb Industrial
Area, Jigani, Bangalore – 562106,Karnataka, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Book Debts Movable Property Immovable Property Floating Charge |
|
Particular of charge holder |
The Royal Bank of Scotland N.V. |
|
Nature of instrument creating charge |
a) Supplementary Deed of Hypothecation of
Movable Assets b) Memorandum of Entry (equitable mortgage by borrower) |
|
Date of instrument Creating the charge |
21/06/2011 |
|
Amount secured by the charge |
Rs.62.050 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate of Interest As agreed by and with the Bank from time
to time. Terms of Repayment As agreed by and with the Bank from time
to time. Margin As applicable, if any. Extent and Operation of the charge The RBS is having first charge on the
current assets (present and future) of the Company and Second charge on the
movable fixed assets of the Company (both present and future). B) The RBS is
having Pari Passu charge with IFU on immovable property, as described in sr.
no. 15, of the Company. Others The charge on total credit facility of
Rs.62.050 Millions is as under: The Royal Bank of Scotland N.V. -
Rs.25.000 Millions. (secured with first charge on current assets and second
charge on movable fixed assets + pari passu charge with IFU on immovable
property of the Company) IFU - Rs.37.050 Millions. (pari passu
charge with RBS on immovable property of the Company) |
|
Short particulars of the property charged |
a) Mortgage by way of pari passu charge
with IFU on all that piece and parcel of immovable property bearing plot no.
46, admeasurement 8094 sq. mtrs of Bommasandra Village, Jigani Link Road,
Industrial area situated in Sy.no. Parts of 26,28,29 and 42 of
Bandenallasandra village, Jigani Hobli, Anekal Taluka, Bangalore Urban
District together with the buildings and structures standing and being
thereon. b) Hypothecation by way of first charge on
current assets, both present and future, of the company. c) Hypothecation by way of Second charge
on the movable fixed assets, both present and future; located at 46,
Bommasandra - Jigani Link Road, KIADB Industrial Area, Jigani, Bangalore OR
any other locations in India. (as described in sch of enclosed agreement) |
|
Date of instrument modifying the charge |
23/07/2010 |
|
Particulars of the present modification |
The existing charge of Rs.35.500 Millions enhanced
to Rs.62.050 Millions., as described in sr. no. 15. The total Credit Facility
of Rs.62.050 Millions. given by following lenders: The Royal Bank of Scotland
N.V. - Rs.25.000 Millions. (secured with first charge on current assets and
second charge on movable fixed assets plus pari passu charge with IFU on
immovable property/ies of the Company), IFU - Rs.37.050 Millions. (pari passu
charge with RBS on immovable property of the Company) |
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.55.93 |
|
|
1 |
Rs.88.14 |
|
Euro |
1 |
Rs.70.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SDA |
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 |
3 |
|
--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 |
|
43 |
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.