MIRA
INFORM REPORT
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CS AEROTHERM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 143 H, Bomasandra Industrial Area, Anekal Taluka, |
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Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.07.1987 |
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|
|
|
Com. Reg. No.: |
08-008470 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.388
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909KA1987PTC008470 |
|
|
|
|
IEC No.: |
0791001725 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRC05306A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC2059A |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Bakery Equipments. |
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|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 212000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is established company having satisfactory track record. The
financial position of the company is good. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered normal for normal 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 PARTED BY
|
Name : |
Mr. Prenav |
|
Designation : |
Senior Technology Executive |
|
Contact No.: |
91-9611195409 |
|
Date : |
24.06.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 143 H, Bomasandra Industrial Area, Anekal Taluka,
Bangalore-560099, |
|
Tel. No.: |
91-80-40895000 / 40895006 |
|
Mobile No. : |
91-9611195409 (Mr. Prenav) |
|
Fax No.: |
91-80-40895003 / 41658006 / 7 / 8 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2.5 Acres |
|
Location : |
Owned |
|
|
|
|
Corporate / Service Office : |
103, Srehstha Bhoom, 87, K R Road, Bangalore-560004, Karnataka, India |
|
Tel. No.: |
91-80-26506066 / 26626665 / 26670058 / 65634631 |
|
Fax No.: |
91-80-26626655 |
|
Location : |
Owned |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Raghuram Ramaswamy Hiremagalur |
|
Designation : |
Managing Director |
|
Address : |
No. 26, 13th Main , 17th Cross, Malleshwaram,
Bangalore - 560055, Karnataka, India |
|
Date of Birth/Age : |
06.06.1949 |
|
Qualification : |
Bachelor of Engineering |
|
Date of Appointment : |
08.07.1990 |
|
Din No.: |
00405666 |
|
|
|
|
Name : |
Mr. Jairam Ramaswamy Hiremagalur
|
|
Designation : |
Director |
|
Address : |
No. 109, 18th Cross, Malleshwaram, Bangalore - 560055,
Karnataka, India |
|
Date of Birth/Age : |
09.08.1948 |
|
Qualification : |
Bachelor of Engineering |
|
Date of Appointment : |
17.01.2005 |
|
Din No.: |
00405819 |
KEY EXECUTIVES
|
Name : |
Mr. Prenav |
|
Designation : |
Senior Technology Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
H R Raghuram |
|
132600 |
|
Jyothi Raghuram |
|
19000 |
|
H R Jairam |
|
65200 |
|
Veena Venkataramu |
|
128550 |
|
R S Govindaraj |
|
14000 |
|
Rekha Jairam |
|
21500 |
|
Prashanth Jairam |
|
21500 |
|
Pranav Jairam |
|
21500 |
|
Lakshmi Ramaswamy |
|
14950 |
|
|
|
|
|
Total |
|
438800 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Bakery Equipments. |
|
|
|
|
Products : |
· Bakery Equipment · Bakery Equipment Packages · Encrusting and Moulding Machines · Make-Up Equipment · Dough Sheeter · Oven · Mixer · Provers |
|
|
|
|
Exports : |
|
|
Products : |
Bakery Equipments |
|
Countries : |
·
Nigeria ·
Kenya ·
Africa ·
Bangladesh ·
Nepal ·
Sri Lanka |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
Malaysia ·
Slovenia |
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|
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Terms : |
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Selling : |
L/C, Cash and Credit (30 days/ 60 days) |
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Purchasing : |
L/C, Cash and Credit (30 days/ 60 days) |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’S |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
T Sriram and Company Chartered Accountant |
|
Address : |
2974, 17th Cross, K R Road, Bangalore - 560070, Karnataka,
India |
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Tel. No.: |
91-80-26760733/ 26769481 |
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Fax No.: |
91-80-26760733/ 26769481 |
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E-Mail : |
|
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PAN No.: |
BFMPS3149L |
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|
|
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Memberships : |
· SIB (Society of Indian Bankers) · KASSIA |
CAPITAL STRUCTURE
As on: 31.03.2012
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 |
|
|
|
|
|
|
438800 |
Equity Shares |
Rs.10/- each |
Rs.4.388
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4.388 |
4.388 |
|
(b) Reserves & Surplus |
|
48.631 |
41.393 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
53.019 |
45.781 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.468 |
0.468 |
|
(b) Deferred tax liabilities (Net) |
|
0.034 |
0.088 |
|
(c) Other long term liabilities |
|
1.073 |
0.000 |
|
(d) long-term provisions |
|
7.006 |
8.435 |
|
Total Non-current Liabilities (3) |
|
8.581 |
8.991 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
4.728 |
0.000 |
|
(b) Trade payables |
|
46.810 |
49.543 |
|
(c) Other current
liabilities |
|
29.824 |
16.615 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
81.362 |
66.158 |
|
|
|
|
|
|
TOTAL |
|
142.962 |
120.930 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
41.329 |
21.120 |
|
(ii) Intangible Assets |
|
0.835 |
0.855 |
|
(iii) Capital
work-in-progress |
|
0.000 |
3.307 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.101 |
3.501 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.492 |
2.972 |
|
(e) Other Non-current assets |
|
0.533 |
4.389 |
|
Total Non-Current Assets |
|
44.290 |
36.144 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
21.483 |
17.125 |
|
(c) Trade receivables |
|
9.621 |
12.586 |
|
(d) Cash and cash
equivalents |
|
59.346 |
48.691 |
|
(e) Short-term loans
and advances |
|
6.175 |
6.384 |
|
(f) Other current
assets |
|
2.047 |
0.000 |
|
Total Current Assets |
|
98.672 |
84.786 |
|
|
|
|
|
|
TOTAL |
|
142.962 |
120.930 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.388 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
33.974 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
38.362 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.789 |
|
|
2] Unsecured Loans |
|
|
1.127 |
|
|
TOTAL BORROWING |
|
|
3.916 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.330 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.608 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
22.757 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.001 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
12.976
|
|
|
Sundry Debtors |
|
|
16.630
|
|
|
Cash & Bank Balances |
|
|
46.675
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
18.254
|
|
Total
Current Assets |
|
|
94.535
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
37.119 |
|
|
Other Current Liabilities |
|
|
23.912
|
|
|
Provisions |
|
|
13.654
|
|
Total
Current Liabilities |
|
|
74.685
|
|
|
Net Current Assets |
|
|
19.850
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.608 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Revenue |
262.042 |
239.397 |
166.252 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
15.536 |
14.849 |
14.529 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
0.463 |
0.384 |
0.396 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.073 |
14.465 |
14.133 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
4.300 |
3.283 |
2.612 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.773 |
11.182 |
11.521 |
|
|
|
|
|
|
|
|
|
|
TAX |
3.537 |
3.763 |
3.772 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7.236 |
7.419 |
7.749 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
15.301 |
6.141 |
12.229 |
|
|
TOTAL EARNINGS |
15.301 |
6.141 |
12.229 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Parts and Components |
13.220 |
7.012 |
NA |
|
|
TOTAL IMPORTS |
13.220 |
7.012 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.49 |
16.90 |
18.00 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.350.000 Millions
The above information has been parted by Mr. Prenav
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.54 |
9.80
|
9.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.24
|
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.10 |
0.01
|
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.28
|
1.27 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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) |
Yes |
|
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 |
PERFORMANCE OF THE COMPANY:
The Turnover for the year was Rs. 262.042
Millions as against Rs.239.397 Millions of previous year, registering an
improvement of 9.4%. The profit is more or less remained same at Rs.7.236 Millions
as against Rs.7.419 Millions of previous year. A summary of operating result
activity wise is given below.
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
LONG TERM
BORROWING |
|
|
|
Loan taken from F.N. Aerotherm- Technical know-how |
0.468 |
0.468 |
|
|
|
|
|
Total |
0.468 |
0.468 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U31909KA1987PTC008470 |
|
Name of the
company |
CS AEROTHERM
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Plot No. 143 H, Bomasandra Industrial Area, Anekal Taluka, Bangalore -
560099, Karnataka, India E-mail: csaerotherm@gmail.com
|
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Others
(Stocks) |
|
Particular of charge
holder |
Citi Bank N. A., 506-507,Level 5 Prestige Meridian - 2, No 30, M G Road, Bangalore - 560001, Karnataka, India E-mail: mounika.kancheti@citi.com |
|
Nature of
instrument creating charge |
Goods Security
Agreement. |
|
Date of
instrument Creating the charge |
16.10.2012 |
|
Amount secured by
the charge |
Rs.25.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be stipulated
by the Bank from time to time. Terms of
Repayment All facilities
are payable on demand. Margin As agreed from
time to time. Extent and
Operation of the charge First exclusive
charge by hypothecation of all the Borrower's moveable assets (including
stocks and book debts) forming part of its current assets both present and
future. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
First exclusive
charge by hypothecation of all the Borrower's moveable assets (including
stocks and book debts) forming part of its current assets both present and
future. |
FIXED ASSETS:
·
·
Building
·
Goodwill
·
Technical Know-how
·
Plant and Machinery
·
Motor Car
·
Computer
·
Dies and Punchers
·
Furniture and Fixtures
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 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. |
|
|
1 |
Rs. |
|
Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
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 |
- |