1. Summary Information
|
|
|
Country |
India |
|
Company Name |
EXECUTIVE SHIP
MANAGEMENT PTE LIMITED |
Principal Name 1 |
Mr. Balaji Singh Teeka |
|
Status |
Foreign
Registered Company |
Principal Name 2 |
Mrs. Sikha Singh |
|
|
|
Registration # |
-- |
|
Address of the
principal place of business in India : |
Sai Commercial Annexe, BKS Devshi Marg, 2nd
Floor, Govandi Station Road |
||
|
Established Date |
10.06.2002 |
SIC Code |
-- |
|
Telephone# |
91-22-67551700 |
Business Style 1 |
Services Provider |
|
Fax # |
91-22-67551777 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.54,803,458/- |
Product Name 3 |
-- |
|
Shareholders |
Not Available |
Banking |
-- |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Fixed Assets |
49,330,000 |
Esm Pte Ltd H.O A/C |
54,803,000 |
|
Current
Assets, Loans and Advance |
18,636,000 |
Current Liabilities and Provisions |
13,163,000 |
|
Total Assets |
67,966,000 |
Total Liab. & Equity |
67,966,000 |
|
Total Assets (Previous Year) |
100,422,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Receipts
: |
259,939,000 |
Net Profit |
106,084,000 |
|
Receipts
(Previous yr) |
330,435,000 |
Net Profit(Prev.yr) |
116,385,000 |
|
Report Date : |
06.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
EXECUTIVE SHIP MANAGEMENT PTE LIMITED |
|
|
|
|
Address of the
principal place of business in India : |
Sai Commercial Annexe, BKS Devshi Marg, 2nd
Floor, Govandi Station Road |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.06.2002 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 54.803 Millions |
|
|
|
|
FCRN : |
F02733 |
|
|
|
|
Legal Form : |
Foreign Registered Company |
|
|
|
|
Line of Business
: |
The principal activities of the company are those of managing vessels
and acting as shipping agents. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Foreign Registered Company |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a foreign registered company having good track record. Overall financial position of the company appears to be strong and
healthy. Trade relations are fair. Business is active. Payment terms are
regular. The company can be considered for business dealing at usual trade
terms and condition. |
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 |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 / Head
Office: |
79, Shenton Way, #20-00, Singapore - 079120 |
|
Tel. No.: |
91-65-63240500 |
|
Fax No.: |
91-65-63244544 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office 1 : |
Sai Commercial Annexe, BKS Devshi Marg, 2nd
Floor, Govandi Station Road |
|
Tel. No.: |
91-22-67551700 |
|
Fax No.: |
91-22-67551777 |
|
E-Mail : |
|
|
|
|
|
Branch Office 2 : |
502A, Rectangle-1, D-4, District Centre, Saket, New Delhi 110017, India |
|
Tel. No.: |
91-11-2956 2775/2776 – 49882700 |
|
Fax No.: |
91-11-2956 2777 |
|
E-Mail : |
|
|
|
|
|
Branch Office 3 : |
S.C.O. 427-428, 1st Floor, Sector 35-C, Chandigarh – 160022, Uttar Pradesh, India |
|
Tel. No.: |
91-172-2600417/2620417 |
|
Fax No.: |
91-172-2645417 |
|
E-Mail : |
|
|
|
|
|
Branch Office 4 : |
No. 28, 1st Floor, Batra Centre, Sardar Patel Road, Guindy, Chennai 600032, Tamilnadu, India |
|
Tel. No.: |
91-44-3045 3300 |
|
Fax No.: |
91-44-3045 3341 |
|
E-Mail : |
|
|
|
|
|
Branch Office 5 : |
OS-21, 3rd Floor, GCDA Commercial Complex, Marine Drive, Kochi 682 031, Kerala, India |
|
Tel. No.: |
91-484-3259591/2367275 |
|
Fax No.: |
91-484-2367275 |
|
E-Mail : |
|
|
|
|
|
Branch Office 6 : |
Unit 604, 6th floor, Jasmine Tower 31, Shakespeare Sarani, Kolkata 700017, West Bengal, India |
|
Tel. No.: |
91-33-4016 7900 |
|
Fax No.: |
91-33-4016-7910 |
|
E-Mail : |
|
|
|
|
|
Branch Office 7 : |
211, 2nd Floor, Sisodia Palace, Gorakhnath Compound, East Boring Canal Road, Patna – 800001, Bihar, India |
|
Tel. No.: |
91-612-2532124/6530634 |
|
E-Mail : |
DIRECTORS
|
Name : |
Mr. Balaji Singh Teeka |
|
Designation : |
Director |
|
Address : |
99, Meyer Raod, 317-02, “The Sovereign”, Singapore – 437910 |
|
Date of Birth/Age : |
25.08.1959 |
|
Date of Appointment : |
14.09.1998 |
|
Business occupation or if there is no business occupation, particulars of some one of the
directorships held if any : |
·
Executive Ship Management Private Limited ·
Executive Shipping Services India Private Limited |
|
|
|
|
Name : |
Mrs. Sikha Singh |
|
Designation : |
Director |
|
Address : |
99, Meyer Raod, 317-02, “The Sovereign”, Singapore – 437910 |
|
Date of Birth/Age : |
10.12.1957 |
|
Date of Appointment : |
30.07.2001 |
|
Business occupation or if there is no business occupation, particulars of some one of the
directorships held if any : |
·
Executive Ship Management Private Limited ·
Executive Shipping Services India Private Limited |
|
|
|
|
Name : |
Mr. Bjame Tvilde |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Chong Sik Yuen |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Not Available
BUSINESS DETAILS
|
Line of Business : |
The principal activities of the company are those of managing vessels and
acting as shipping agents. |
GENERAL INFORMATION
|
Suppliers : |
· Sharda Stationery and Xerox · Blue Shield Medical Clinic · Best Marine Private Limited · Mystique · The New India Assurance Company Limited · Airtelmobile · International Travel Hopuse Limited · Trust Holidays Private Limited · Shree Lalita · Trig Guardforce Limited · Blue Tack Enterprises · Aryan Printers · Shivam Enterprises · Wipro Limited · Bijlee Ghar |
|
|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Joshi Sathe and Associates Chartered Accountants |
|
Address : |
S/N9, Saraswati Sadan, Opposited Mahant Lane, P.G. Marg, Samwar Bazar,
Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-28895898 / 32953785 |
|
Fax No.: |
91-22-28895898 |
|
E-Mail : |
CAPITAL STRUCTURE
As on 31.03.2013
Rs.
In Millions
|
|
Retained Earnings |
250002 |
250005 |
Depreciation |
Op. Balance of vessel expenses |
|
|
|
|
|
|
|
|
|
|
Mumbai |
373.789 |
630.107 |
(1281.359) |
24.53 |
0 |
|
|
Chandigarth |
27.239 |
9.529 |
0.546 |
1.16 |
0 |
|
|
Chennai |
58.135 |
31.456 |
9.859 |
79.74 |
0 |
|
|
Delhi |
50.813 |
70.456 |
4.013 |
5.09 |
0 |
|
|
Kochi |
15.204 |
11.050 |
0.213 |
0.046 |
0 |
|
|
Kolkata |
17.373 |
11.206 |
0.505 |
0.049 |
0 |
|
|
|
542.553 |
763.804 |
(1266.223) |
11.147 |
0 |
51.280 |
|
Excess of receipts over payments |
|
|
|
(106.084) |
||
|
Balance carried
forward to Balance Sheet |
|
|
|
(54.803) |
||
FINANCIAL DATA
[all figures are
in Rupees Millions]
EXECUTIVE SHIP MANAGEMENT PTE LIMITED, SINGAPORE
LIAISON OFFICE, INDIA
STATEMENT OF ASSETS & LIABILITIES AS AT 31ST MARCH, 2013
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I. ASSETS |
|
|
|
|
FIXED ASSETS |
49.330 |
52.260 |
49.514 |
|
CURRENT ASSETS, LOANS AND ADVANCE |
18.636 |
48.162 |
15.957 |
|
Total |
67.966 |
100.422 |
65.471 |
|
|
|
|
|
|
II. LIABILITIES |
|
|
|
|
ESM PTE LTD H.O A/C |
54.803 |
84.642 |
51.849 |
|
CURRENT LIABILITIES AND PROVISIONS |
13.163 |
15.780 |
13.622 |
|
Total |
67.966 |
100.422 |
65.471 |
EXECUTIVE SHIP MANAGEMENT PTE LIMITED, SINGAPORE
LIAISON OFFICE, INDIA
STATEMENT OF RECEIPTS & EXPENSES FOR THE YEAR ENDED 31ST MARCH,
2013
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Opening Balance : |
116.385 |
66.760 |
21.064 |
|
|
|
|
|
|
RECEIPTS : |
|
|
|
|
FROM H.O SINGAPOR |
259.938 |
330.435 |
269.000 |
|
Total |
376.323 |
397.195 |
290.064 |
|
|
|
|
|
|
PAYMENTS : |
|
|
|
|
Liaison Office Expenses |
127.952 |
147.101 |
112.956 |
|
H.O. Vessel Accounts |
142.287 |
133.709 |
110.348 |
|
Total |
270.239 |
280.810 |
223.304 |
|
|
|
|
|
|
Excess of Receipts over Payments taken to Balance Sheet |
106.084 |
116.385 |
66.760 |
ABRIDGED BALANCE
SHEET
|
Particular |
31.03.2013 US $ |
31.03.2012 US $ |
31.03.2011 US $ |
|
ASSETS |
|
|
|
|
Plant and Equipment |
2248110 |
2717869 |
1944044 |
|
Financial assets available of sales |
3128739 |
3728739 |
1828739 |
|
Deferred tax assets |
- |
- |
73300 |
|
Total
|
5376849 |
6446608 |
3846083 |
|
|
|
|
|
|
Current Assets |
|
|
|
|
Trade and others receivables |
9709437 |
8418691 |
5873708 |
|
Other current assets |
713481 |
767657 |
352463 |
|
Prepayments |
96736 |
237102 |
135616 |
|
Cash and cash equivalents |
8280815 |
4585695 |
2977974 |
|
Total
|
18800469 |
14009145 |
9339761 |
|
|
|
|
|
|
Total Assets |
24177318 |
20455753 |
13185844 |
|
|
|
|
|
|
EQUITY AND LIABILITIES |
|
|
|
|
Equity
attributable to the equity holders |
|
|
|
|
Share capital |
79352 |
79352 |
79352 |
|
Retained earning |
20870379 |
17301077 |
11332128 |
|
Fair Value reserve |
1184738 |
1184738 |
(115262) |
|
Currency translation reserve |
1029310 |
1029310 |
1029310 |
|
Total Equity |
23163779 |
19594477 |
12325528 |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
Non Current
Liability |
|
|
|
|
Prevision for
gratuity |
-
|
136995 |
146387 |
|
Deferred tax liabilities |
327500
|
220500 |
209600 |
|
Total |
327500
|
357495 |
355987 |
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
Current income tax
liabilities |
80400 |
211200 |
-- |
|
Trade and other payables |
285338 |
124044 |
178157 |
|
Others current liabilities |
320301 |
168537 |
326172 |
|
Total |
686039 |
503781 |
504329 |
|
Total
Liabilities |
1013539 |
861276 |
860316 |
|
|
|
|
|
|
Total Equity and Liabilities |
24177318 |
20455753 |
13185844 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 US $ |
31.03.2012 US $ |
31.03.2011 US $ |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
26177371 |
25259962 |
18015051 |
|
|
|
Other Income |
370551 |
324548 |
309251 |
|
|
|
TOTAL (A) |
26547922 |
25584510 |
18324302 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee benefits expenses |
17143769 |
15975620 |
12858735 |
|
|
|
Manning Fees |
1085780 |
-- |
0 |
|
|
|
Others Expenses |
3643412 |
2634935 |
2901143 |
|
|
|
TOTAL (B) |
21872961 |
18610555 |
15759878 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
4674961 |
6973955 |
2564424 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12885 |
73732 |
15635 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4662076 |
6900223 |
2548789 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
949774 |
634715 |
433942 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3712302 |
6265508 |
2114847 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
143000 |
296559 |
55351 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3569302 |
5968949 |
2059496 |
|
|
|
|
|
|
|
|
|
|
Other
Comprehensive Income |
|
|
|
|
|
|
Financial assets available for sale fair value gain/ (loss) |
-- |
1300000 |
(115262) |
|
|
|
Currency translation arising from change of functional currency |
-- |
-- |
1029310 |
|
|
|
|
|
|
|
|
|
|
Total
Comprehensive Income for the Year |
3569302 |
7268949 |
2973544 |
|
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 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
No |
|
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 |
No |
|
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 |
FIXED ASSETS
· Computers and Networking
· Office Equipments
· 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.66.04 |
|
|
1 |
Rs.103.11 |
|
Euro |
1 |
Rs.86.99 |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.