|
Report Date : |
05.09.2012 |
0IDENTIFICATION DETAILS
|
Name : |
SAGUN COPPER CONDUCTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 5A, 2nd Cross Industrial Estate, Gokul Road, Hubli
– 580030, Gujarat |
|
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
30.09.1996 |
|
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|
|
Com. Reg. No.: |
18-021208 |
|
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|
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Capital Investment
/ Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13209KA1996PTC021208 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS16571C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS5484M |
|
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturers of Non –Ferrous Conductors. |
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|
|
No. of Employees
: |
Not Available |
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 98000 |
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a established company having satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered for normal business dealing 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / Factory : |
Plot No. 5 A, 2nd Cross, Industrial Estate, Gokul Road,
Hubli – 580 030, Karnataka, India |
|
Tel. No.: |
91-836-2333240 / 2333251 |
|
Fax No.: |
91-836-2333241 |
|
E-Mail : |
sagun@saguncopper.com sagun@saguncopper.in |
|
Website : |
|
|
Area : |
8190 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.08.2011
|
Name : |
Mr. Mahendra Parasnath Yadav |
|
Designation : |
Managing Director |
|
Address : |
9 and 11, Shayam Kunj, Pushpak Vihar, Near Water Tank, Gokul Road,
Hubli, Dharwar – 580 030, Karnataka, India |
|
Date of Birth/Age : |
29.03.1983 |
|
Date of Appointment : |
01.04.2002 |
|
DIN No.: |
00263607 |
|
|
|
|
Name : |
Mr. Shyamala Parasnath Yadav |
|
Designation : |
Whole-time director |
|
Address : |
9 and 11, Shayam Kunj, Pushpak Vihar, Near Water Tank, Gokul Road,
Hubli, Dharwar – 580 030, Karnataka, India |
|
Date of Birth/Age : |
05.08.1956 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00263599 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shyamala Parasnath Yadav |
|
66894 |
|
Mahendra Parasnath Yadav |
|
395586 |
|
Karansingh Dayaram Yadav |
|
10 |
|
Nidhi Karansingh Yadav |
|
10 |
|
Shobhana Kiran |
|
37500 |
|
Total |
|
500000 |
As on 30.08.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Non – Ferrous Conductors. |
|
|
|
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
Installed Capacity
: 720000.00
(Kgs.)
|
Particulars |
Unit |
Actual Production |
|
Finished Goods Copper |
Kgs. |
266820.530 |
|
Finished Goods Aluminium |
Kgs. |
105487.010 |
|
Conversion Basis |
Kgs. |
121966.290 |
|
Scrap Copper |
Kgs. |
2485.340 |
|
Scrap Aluminium |
Kgs. |
1790.000 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G D Upadhyay and Company Chartered Accountants |
|
Address : |
2nd Floor, |
|
Tel. No.: |
91-836-2365027 / 2264134 / 2269537 |
|
PAN No. : |
AAEPU7049M |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
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 |
5.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
19.734 |
18.056 |
15.047 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.734 |
21.056 |
18.047 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
36.309 |
39.154 |
23.033 |
|
|
2] Unsecured Loans |
9.218 |
13.834 |
8.971 |
|
|
TOTAL BORROWING |
45.527 |
52.988 |
32.004 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.791 |
2.329 |
|
|
|
|
|
|
|
|
TOTAL |
70.261 |
74.835 |
52.380 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
17.619 |
17.131 |
16.779 |
|
|
Capital work-in-progress |
2.493 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.413 |
3.403 |
0.050 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.508
|
10.625 |
9.336 |
|
|
Sundry Debtors |
25.521
|
26.597 |
20.275 |
|
|
Cash & Bank Balances |
0.351
|
5.978 |
3.503 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
15.972
|
15.100 |
5.617 |
|
Total
Current Assets |
51.352
|
58.300 |
38.731 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.775
|
0.712 |
1.295 |
|
|
Other Current Liabilities |
1.841
|
3.287 |
1.885 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
2.616
|
3.999 |
3.180 |
|
|
Net Current Assets |
48.736
|
54.301 |
35.551 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.261 |
74.835 |
52.380 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
150.351 |
137.096 |
118.196 |
|
|
|
Other Income |
5.244 |
7.013 |
11.871 |
|
|
|
TOTAL (A) |
155.595 |
144.109 |
130.067 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost Sales and Services |
134.421 |
120.505 |
109.025 |
|
|
|
Operating Coast |
7.674 |
6.676 |
5.873 |
|
|
|
General and Administrative
Expenses |
1.551 |
2.125 |
2.375 |
|
|
|
Selling and Distribution Expenses |
2.724 |
4.263 |
4.973 |
|
|
|
Loss on Sale of Fixed Asset |
0.049 |
0.239 |
0.070 |
|
|
|
TOTAL
(B) |
146.419 |
133.808 |
122.316 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
9.176 |
10.301 |
7.751 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.097 |
4.505 |
4.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.079 |
5.796 |
3.459 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.581 |
1.423 |
1.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.498 |
4.373 |
2.158 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.769 |
1.340 |
0.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.729 |
3.033 |
1.533 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13.634 |
11.089 |
9.931 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.022 |
0.090 |
0.079 |
|
|
|
Provision for FBT |
0.024 |
0.000 |
0.065 |
|
|
|
Provision for Gratuity |
0.350 |
0.398 |
0.231 |
|
|
BALANCE CARRIED
TO THE B/S |
14.967 |
13.634 |
11.089 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
10.516 |
12.434 |
9.174 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.46 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.11
|
2.10 |
1.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.66
|
3.19 |
1.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.62
|
5.80 |
3.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.21 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.95
|
2.71 |
1.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
19.63
|
14.58 |
12.18 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U13209KA1996PTC021208 |
|
Name of the
company |
SAGUN COPPER
CONDUCTORS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 5A, IInd Cross Industrial Estate, |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
80004177 |
|
Type of charge |
|
|
Particular of
charge holder |
Axis Bank, Kalburgi
Plaza, 163, 20A, Main Road, Deshpande Nagar, Hubli – 580 029, Karnataka,
India |
|
Nature of
instrument creating charge |
Supplemental deed
of hypothecation |
|
Date of
instrument Creating the charge |
23.06.2012 |
|
Amount secured by
the charge |
Rs.94.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and Operation of the charge To cover loan amount
plus costs, expenses, interest and other incidentals Others Reak up of limits
is as under: EXISTING REVISED
(Rs. In Millions) 1.CASH
CREDIT - 45.000 67.500 2.EPC/FBD/LCBD (10.000)* (10.000)* 3.TERM LOAN -
25.000 25.000 4.LC(INLAND/IMPORT)- (7.500)*
(32.500)* 5.BANK GUARANTEE
– 3.000 0.000 TOTAL -
73.000 94.500 *Sub limit of
cash credit facility |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First charge by
way of hypothecation of company's entire current assets including stocks of
raw materials, finished goods, stock in process, consumables stores, spares,
entire movable fixed assets First charge by
way of hypothecation of company's entire movable fixed assets except motor
vehicles, which are hypothecated to other lenders, if any. |
|
Date of
instrument modifying the charge |
05.09.2011 |
|
Particulars of
the present modification |
The aggregate
loan limit has been increased from Rs.73.000 Millions to Rs.94.500 Millions
and is secured |
AS PER WEBSITE
PROFILE
Subject is a combination of two Sanskrit words, Sa-meaning "Good" and Gun-meaning "Quality". Subject was founded in 1998 by a team of professionals and engineers to manufacture the best quality insulated Copper/Aluminium conductors.
Sagun Copper has its expertise in manufacturing Bare and Insulated Copper and Aluminium (Rectangular and Wire) conductors. They have an Installed capacity of 2000 MT/Annum and are equipped with the necessary infrastructure required to manufacture insulated Copper/Aluminium Conductors. They have a complete Dust - Proof area for the Enameling Plant. Personnel at Sagun are well experienced and are trained at regular intervals for consistency in production and technical upkeep. They believe in providing regular training and development programs to the employees to optimize the utilization of human resource that
They have been consistently producing good quality products in accordance to the International Specifications / Customer Specifications with required delivery schedule and the least lead time, as a result of which they are the preferred suppliers to Major 0.E.M's of Transformers, Motors, Rotating Electrical Machines, Alternators, UPS etc.
With their capability of delivering at the least lead time and competitive prices they are also able to supply to many Electrical Rewinders around the world.
Quality Assurance is central to the company policy and their Quality Management System is in compliance to the requirements of ISO 9001:2008 Standards.
“At subject their guiding principles are Quality and Reliability, and all their efforts are towards Total Customer Satisfaction".
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.55.54 |
|
|
1 |
Rs.88.23 |
|
Euro |
1 |
Rs.70.02 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
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 |
|
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.