|
Report Date : |
26.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
TRANS TECH TURNKEY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
101, Mayfair Tower II, Wakdewadi, Shivaji Nagar,
Pune-411005, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
25.06.2002 |
|
|
|
|
Com. Reg. No.: |
11-17079 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 20.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29299PN2002PTC017079 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Turnkey Contractor for Infrastructure and HVAC Projects. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 850000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track. Trade relations are fair. 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB [Cash Credit] |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
07.10.2011 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3 [Letter of Credit and Bank Guarantee] |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
07.10.2011 |
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.
INFORMATION DECLINED
Management non co-operative. [91-20-24017884]
LOCATIONS
|
Registered Office : |
101, Mayfair Tower II, Wakdewadi, Shivaji Nagar, Pune-411005, Maharashtra, India |
|
Tel. No.: |
91-20-24017884 / 66214444 |
|
Fax No.: |
91-20-24017884 / 66012788 / 66214440 |
|
E-mail : |
|
|
Website : |
|
|
Area : |
1800 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
KOLKATA 708, Central Plaza, 2/6, Sarat Bose Road, Kolkata-700020, West Bengal, India Tel No.: 91-33-24190781 Fax No.: 91-33-24190784 MUMBAI B/3, Ground Floor, Labella Cooperative Housing Society, Azad Road, Opposite Laxmi Vilash Bank, Andheri (East), Mumbai400069, Maharashtra, India Tel No.: 91-22-26836029 Fax No.: 91-22-26841119 OMAN Tamiar Trans Tech LLC, P. O Box 1025, PC 112, Ruwi Sultanate Oman Tel No.: +968-2470-3041 Fad No.: +968-2470-3021 |
DIRECTORS
AS ON 26.05.2011
|
Name : |
Mr. Suranjankumar Santosh Chatterjee |
|
Designation : |
Director |
|
Address : |
10-Prasanna 912 Shivaji Nagar, Pune – 411004, |
|
Date of Birth/Age : |
27.10.1953 |
|
Qualification : |
IIT |
|
Date of Appointment : |
25.06.2002 |
|
Din No.: |
01112079 |
|
|
|
|
Name : |
Mr. Ulhas Vasant Pradhan |
|
Designation : |
Director |
|
Address : |
5-6 Anant CTS No. 120 6/A, |
|
Date of Birth/Age : |
10.08.1951 |
|
Qualification : |
IIT |
|
Date of Appointment : |
25.06.2002 |
|
Din No.: |
00132349 |
|
|
|
|
Name : |
Mr. Sugato Himanshu Mujumdar |
|
Designation : |
Director |
|
Address : |
A-902, Lapi 2, Lasuli, Kolate Patil South, Main Road, Koregaon Park, Pune – 411 001, Maharashtra, India |
|
Date of Birth/Age : |
29.08.1956 |
|
Qualification : |
IIT |
|
Date of Appointment : |
25.06.2002 |
|
Din No.: |
00139375 |
|
|
|
|
Name : |
Mr. Alokendranath Santijiban Ghosh |
|
Designation : |
Director |
|
Address : |
9-Marvel Residency, |
|
Date of Birth/Age : |
01.01.1962 |
|
Qualification : |
Diploma in Electrical Engineering |
|
Date of Appointment : |
25.06.2002 |
|
Din No.: |
00139306 |
KEY EXECUTIVES
|
Name : |
Mr. Amol Khandekar |
|
Designation : |
Finance Manager |
|
|
|
|
Name : |
Atanu Monotosh Guha |
|
Designation : |
Manager |
|
Date of Appointment: |
10.11.2009 |
|
Pan No.: |
AFDPG9722K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.05.2011
|
Names of Shareholders |
|
No. of Shares |
|
Suranjankumar Santosh Chatterjee |
|
50000 |
|
Ulhas Vasant Pradhan |
|
50000 |
|
Sugato Himanshu Mujumdar |
|
39725 |
|
Alokendranath Santijiban Ghosh |
|
50000 |
|
Transtech Chemicals Private Limited, India |
|
10275 |
|
|
|
|
|
Total |
|
200000 |
AS ON 26.05.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Turnkey Contractor for Infrastructure and HVAC Projects. |
||||
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||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
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||||||||||||||||||||||||
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Facilities : |
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|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A.
A. Mehendale and Company Chartered Accountants |
|
Address : |
Flat No. 9, Ajit Society, Happy Colony, Lane No. 4, Kothrud, Pune –
411029, |
|
Pan No.: |
ABRPM2822N |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 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 |
20.000 |
20.000 |
20.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
193.446 |
113.779 |
103.177 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
213.446 |
133.779 |
123.177 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
161.177 |
131.125 |
182.387 |
|
|
2] Unsecured Loans |
22.213 |
0.640 |
0.612 |
|
|
TOTAL BORROWING |
183.390 |
131.765 |
182.999 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
396.836 |
265.544 |
306.176 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
114.019 |
111.399 |
103.178 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.986 |
4.786 |
4.389 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
29.825
|
127.433 |
105.963 |
|
|
Sundry Debtors |
692.460
|
214.239 |
231.756 |
|
|
Cash & Bank Balances |
152.896
|
133.092 |
18.586 |
|
|
Other Current Assets |
105.318
|
84.471 |
99.259 |
|
|
Loans & Advances |
140.211
|
129.794 |
176.156 |
|
Total
Current Assets |
1120.710
|
689.029 |
631.720 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
396.307
|
161.583 |
160.064 |
|
|
Other Current Liabilities |
377.574
|
349.172 |
259.910 |
|
|
Provisions |
68.998
|
28.915 |
13.137 |
|
Total
Current Liabilities |
842.879
|
539.670 |
433.111 |
|
|
Net Current Assets |
277.831
|
149.359 |
198.609 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
396.836 |
265.544 |
306.176 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
SALES |
1700.000 |
1390.000 |
1140.000 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
139.500 |
69.800 |
44.500 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.900 |
17.900 |
12.900 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
119.600 |
51.600 |
31.400 |
|
|
|
|
|
|
|
Less |
TAX |
39.900 |
17.800 |
12.300 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
79.700 |
33.800 |
19.100 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
398.50 |
169.00 |
96.00 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin (PBT/Sales) |
(%) |
7.04
|
3.71 |
2.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.69
|
6.45 |
4.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56
|
0.39 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.81
|
5.02 |
5.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33
|
1.27 |
1.46 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
396.307
|
161.583 |
160.064 |
|
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 |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
REVIEW OF OPERATIONS:
The Company has
performed much better with respect to the earlier years’ performance. Sales
recorded a 22% growth over the earlier financial year. Sales turnover grew from
Rs. 1390.000 Millions in 2009-10 to Rs. 1700.000 Millions in 2010-11.
The financial year
2010-11 started with the order backlog of Rs. 2859.200 Millions, however,
Company was successful in booking orders worth Rs. 2886.100 Millions till to
the end of financial year March 2011. The strong order booking helped the
Company to push the sales to the tune of Rs. 1700.000 Millions in the financial
year 2010-11 and there is carry forward of Rs. 4490.700 Millions worth of
orders to the next financial year.
The Company has
done extremely well in controlling cost as well as adding value by value
engineering in terms of turnkey contract services and that has resulted in
improvement in earnings before tax which grew from Rs. 51.600 Millions in FY
2009-10 to Rs. 119.600 Millions in FY 2010-11.
The Directors
firmly believe in the motto that people resources drive the collective strength
of its diverse business demand. A special emphasis is therefore given to
nurturing and developing talent, so as to create a strong team of committed and
empowered professionals who steer the group’s diverse business needs.
The Directors are
extremely committed in taking and focused action that will lead to
accomplishment of these strategic priorities for the Company. To ensure that
the top management of the Company is being directed to define the Performance
Management process ( PMP) by which the Company continues to build a performance
based culture which will ultimately drive stronger business results .
FUTURE OUTLOOK:
The directors take
great pleasure to mention that the Company has bagged very good orders from
premium customers during the last quarter of the preceding financial year
2010-11. The list of such orders is as following:
|
CUSTOMER |
VALUE OF THE ORDER [RS. IN MILLIONS] |
PERIOD |
|
Vodafone |
650.000 |
8 Months |
|
Stulz CHSPL
India Private Limited |
95.000 |
1 Year |
|
Huntsman |
100.000 |
1 Year |
|
SMI New Quest
(I) PL |
225.000 |
1 Year |
|
Hospira
Healthcare I. PL |
225.000 |
8 Months |
Directors feel confident
in achieving the performance in line with the earlier years with the good order
book position of Rs.4490.700 Millions in hand. So their long term projections
remain unaffected.
CAPITAL AND FINANCE:
The industry is
starved of finance, especially in the wake of recent economic slowdown. Small
and medium contractors do not have the wherewithal, both hard and soft, to
upgrade their capacity, to undertake high value time bound projects. To
overcome the financial crunch, faced by most of the companies in the
infrastructure industry, the company has already taken up with their main
bankers, State Bank of Patiala for renewal and enhancement of the existing
credit facilities. During the year the Company has availed Secured Term Loan
facilities of around Rs. 14.422 Millions from HDFC Bank for purchase new
Construction Equipments and Commercial vehicles. During the year Company has
availed unsecured business loans of Rs. 20.500 Millions from Banks and Rs.
8.000 Millions from financial institutions. Advance Received from Customers: At
the end of Financial Year 2010-11, Company is having balance of unadjusted
advance received from customer of Rs. 333.100 Millions. The above amount of
unadjusted customer advance includes advance received from J and K ERA of Rs. 234.100
Millions, out of which Rs. 100.000 Millions will get adjusted in Financial Year
2011-12 and the balance Rs. 134.100 Millions will get adjusted in Financial
Year 2012-13. Except this, in all other cases, the advance is expected to get
adjusted against the running account bills in Financial Year 2011-12, i.e. to
the tune of Rs. 199.000 Millions. There will be carry forward of Rs. 134.100
Millions of advance to the next financial year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U29299PN2002PTC017079 |
|
Name of the
company |
TRANS TECH
TURNKEY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
101, Mayfair Tower II, Wakdewadi, Shivaji Nagar, Pune-411005, Maharashtra, India |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum recording
past transactions of creation of mortgage by delivery of title deeds. |
|
Date of
instrument Creating the charge |
07.02.2012 |
|
Amount secured by
the charge |
Rs.20.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment On demand. Margin As may be stipulated
by the Bank from time to time. Extent and
Operation of the charge The Company created an equitable mortgage by way of
deposit of title deeds in respect of its immovable properties as stated under
item No.15 as security for the due repayment of Rs.20.000 Millions
[Comprising : LCP of Rs.20.000 Millions] granted by bank to the Borrowers
including principal amount of the Facility, interest, liquidated damages,
costs, charges and expenses etc. |
|
Short particulars
of the property charged |
Immovable
property being Office No.501 and 502, 5th Floor Mayfair Tower II S. No. 26,
27 and 28 CTS 28 F. P. No. 55 T.P. Scheme No.1, admeasuring about 368.36 Sq.
mtr. Shivaji Nagar, Pune, Maharashtra, India. |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2011 (Rs. in millions) |
|
Bank Guarantee /
LC |
903.800 |
|
Maharashtra Sales Tax Demand For Financial Year 2002-03
|
36.115 |
|
Total |
939.915 |
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.53.53 |
|
|
1 |
Rs.86.82 |
|
Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
SBA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
|
48 |
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.