MIRA INFORM REPORT
|
Report Date : |
06.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
SATEC ENVIR ENGINEERING ( |
|
|
|
|
Registered
Office : |
Plot No. A/107-108, TTC Industrial Area, MIDC, Khairane, Thane – Belapur
Road, Navi Mumbai – 400 705, Maharashtra |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.12.1991 |
|
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|
|
Com. Reg. No.: |
11-064661 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.76.826 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197MH1991PTC064661 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS52335D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS0746E |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of telecom towers, porta cabins (temporary shelters used for low cost housing, security cabins, petrol pump shelters and site offices), fabricated auto components and fabrication and installation of solar mounting structures. |
|
|
|
|
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 1087000 |
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|
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|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having a satisfactory track record. The ratings take
into consideration the continuous growth in the operations marked by a
significant increase in the sales turnover as well as net profitability
during 2012. Trade relations
are reported as fair. Business is active. Payment terms are reported as
usually correct. In view of long
standing experience of the management, the company can be considered 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 – 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
May 15, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
May 15, 2013 |
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. S. Venkatesh |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-9769897256 |
LOCATIONS
|
Registered Office : |
Plot No. A/107-108, TTC Industrial Area, MIDC, Khairane, Thane –
Belapur Road, Navi Mumbai – 400 705, Maharashtra |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9769897256 (Mr. S. Venkatesh) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Head Office : |
601/2/3, ‘B’ Wing, Fairlink Center, Near Monginis Factory, Off Link
Road, Andheri (West), Mumbai – 400 053, Maharashtra, India |
|
Tel. No.: |
91-22-40698999 |
|
Fax No.: |
91-22-40058626 |
|
|
|
|
Factory : |
Survey No.189/2, 190/2, 189/3, Village – Kaniyabe, Bhuj Bhachau Road, Taluka Bhuj, Kutch - 370 020,
Gujarat, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Amar Prakash Mahavir Prasad Agarwal |
|
Designation : |
Director |
|
Address : |
1505, Staler Tower, Lokhadwala, Andheri, Mumbai – 400 058, |
|
Date of Birth/Age : |
05.12.1957 |
|
Date of Appointment : |
10.12.2002 |
|
DIN No.: |
01431926 |
|
PAN No.: |
ADBPA0382R |
|
|
|
|
Name : |
Mr. Tukaram Shivram Gawde |
|
Designation : |
Director |
|
Address : |
246, Parinita Niwas CHS, Appa Pada, Maharashtra Nagar, Malad (East),
Mumbai – 400 097, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1958 |
|
Date of Appointment : |
10.12.2002 |
|
DIN No.: |
01762887 |
|
PAN No.: |
AJOPG9820F |
KEY EXECUTIVES
|
Name : |
Mr. S. Venkatesh |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Amar Prakah Agarwal |
|
534675 |
|
Sujata Agarwal |
|
125 |
|
Gaurav Agarwal |
|
125 |
|
Trans Fleet Limited, India |
|
233333 |
|
Total |
|
768258 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
30.37 |
|
Directors or relatives of Directors |
69.63 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of telecom towers, porta cabins (temporary shelters used for low cost housing, security cabins, petrol pump shelters and site offices), fabricated auto components and fabrication and installation of solar mounting structures. |
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Products : |
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GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
Bank of |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Murarilal Agrawal and associates Chartered Accountants |
|
Address : |
116, Chandrika – A Jeevan Vikas Housing Society, Near Tuling Water Tank,
Virar Road, Nallasopara (East), District Thane – 401 209, Maharashtra, India |
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Tel. No.: |
91-952502432338 |
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E-Mail : |
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PAN No.: |
ABAPA7417J |
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Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relative: |
·
Satec Solar Energy Private Limited ·
Transfleet Limited |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
768258 |
Equity Shares |
Rs.100/- each |
Rs.76.826 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
76.826 |
51.492 |
51.492 |
|
|
2] Share Application Money |
92.500 |
56.620 |
33.170 |
|
|
3] Reserves & Surplus |
102.421 |
27.952 |
15.607 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
271.747 |
136.064 |
100.269 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
204.249 |
108.948 |
86.974 |
|
|
2] Unsecured Loans |
52.591 |
0.080 |
10.600 |
|
|
TOTAL BORROWING |
256.840 |
109.028 |
97.574 |
|
|
DEFERRED TAX LIABILITIES |
8.878 |
6.605 |
4.342 |
|
|
|
|
|
|
|
|
TOTAL |
537.465 |
251.697 |
202.185 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
156.892 |
82.006 |
75.145 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
70.016 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
(4.342) |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
230.871
|
97.690 |
77.041 |
|
|
Sundry Debtors |
152.339
|
108.356 |
58.346 |
|
|
Cash & Bank Balances |
26.389
|
18.623 |
14.258 |
|
|
Other Current Assets |
0.000
|
0.000 |
4.342 |
|
|
Loans & Advances |
23.193
|
35.859 |
25.442 |
|
Total
Current Assets |
432.792
|
260.528 |
179.429 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
68.994
|
77.640 |
45.187 |
|
|
Other Current Liabilities |
45.099
|
9.458 |
0.329 |
|
|
Provisions |
8.142
|
3.739 |
2.531 |
|
Total
Current Liabilities |
122.235
|
90.837 |
48.047 |
|
|
Net Current Assets |
310.557
|
169.691 |
131.382 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
537.465 |
251.697 |
202.185 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
673.943 |
372.949 |
333.253 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
673.943 |
372.949 |
333.253 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
639.359 |
354.189 |
321.540 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
639.359 |
354.189 |
321.540 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX |
34.584 |
18.760 |
11.713 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.780 |
6.142 |
3.886 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX |
23.803 |
12.345 |
7.827 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
27.952 |
15.607 |
7.780 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
51.755 |
27.952 |
15.607 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
29.917 |
116.547 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
3.111 |
2.128 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss) Per Share (Rs.) |
30.98 |
NA |
NA |
|
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%20PRIVATE%20LIMITED%20-%20234830%2006-Sep-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.53
|
3.31 |
2.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.86
|
5.48 |
4.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.13 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.95
|
0.80 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.54
|
2.86 |
3.73 |
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 |
No |
|
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 |
Yes |
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from 124, Kuber
Complex, Opposite Laxmi Industrial Estate, Off Link Road, Andheri (West),
Mumbai – 400 053, Maharashtra, India to Plot No A/107-108, TTC Industrial Area,
MIDC, Khairane, Thane – Belapur Road, Navi Mumbai – 400 705, Maharashtra, India
w.e.f. 01.03.2011
UNSECURED LOAN:
|
Particulars |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
Intercorporate Deposits |
52.591 |
0.000 |
|
Working Capital Loans from Banks |
0.000 |
0.080 |
|
Total |
52.591 |
0.080 |
CONTINGENT
LIABILITY
Contingent Liability not provided for, in respect of: -
|
PARTICULARS |
31.03.2012 (Rs.
in millions) |
|
|
|
|
Bank Guarantee |
11.510 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29197MH1991PTC064661 |
|
Name of the
company |
SATEC ENVIR
ENGINEERING ( |
|
Address of the registered
office or of the principal place of
business in |
Plot No A/107-108, TTC Industrial Area, MIDC, Khairane, Thane –
Belapur Road, Navi Mumbai – 400 705, Maharashtra, India E-Mail: satecenvir@hotmail.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10317071 |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Bank of Baroda, Marine
Drive Branch, Giri Kunj, 71, Marine Drive, Mumbai – 400020, Maharashtra,
India E-Mail: shirishshetye@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Composite Agreement of Hypothecation of Goods, Book-Debts, Moveable Machinery
and Vehicles. |
|
Date of
instrument Creating the charge |
13.12.2012 |
|
Amount secured by
the charge |
Rs.238.700
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest on the
cash credit limit at the rate of 4.25% p.a. over base rate of the Bank per
annum with monthly rests. Terms of Repayment On Demand. Margin 30% Extent and Operation of the charge The charge is
modified to secure Bank Guarantee facility Rs.33.700 millions, Letter of
Credit facility of Rs.40.000 millions and Cash Credit Hypothecation of Stock
and Book Debts facility of Rs.165.000 millions, aggregating to Rs.238.700
millions together with interest, further interest, additional interest, penal
interest, commission fees, cost, charges and expenses incurred or to be
incurred by the Bank till date of payment. |
|
Short particulars
of the property charged |
Stocks, both
present and future and all stocks of raw materials, work-in-process,
semi-finished goods, finished goods such as Pre fabricated Polyurethene (PUF)
sandwiched insulation panels, Auto Components and Fabrication Components
etc., packing materials and stores etc. All the present
and future book-debts, outstanding, monies receivable, claims, bills,
contracts, engagements and securities, etc. All the tangible
movable machinery and plant and cranes, boats and crafts and the vehicles
together with spares, tools and accessories and other movables, both present
and future, and the furniture fixtures and fitting and office equipment
whether installed or not and whether lying loose or in cases at Plot No.147 -
Village - Kaniyabe - Bhuj Bhachau Road - T. Bhuj - (Kutch) and 2nd
Floor, Fairlink Centre - Andheri (West), Mumbai |
|
Date of latest
modification prior to the present modification |
28.09.2012 |
|
Particulars of
the present modification |
The charge is increased
upto Rs.238.700 millions to cover Bank Guarantee facility Rs.33.700 millions,
Letter of Credit facility of Rs.40.000 millions and Cash Credit Hypothecation
of Stock and Book Debts facility of Rs.165.000 millions |
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 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
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.