MIRA
INFORM REPORT
|
Report Date : |
07.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANOHAR ELECTRODES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
306/104, Ashirwaad Enclave, I P Extension, Patparganj, New
Delhi-110092 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.02.1999 |
|
|
|
|
Com. Reg. No.: |
55-098405 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.973
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109DL1999PTC098405 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM05643B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM6204H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in manufacturing and wholesale trading of Welding Electrodes and MIG Wires. |
|
|
|
|
No. of Employees
: |
30 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 60000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The rating is constrained on account of company’s moderate financial risk
profile and low profitability levels of the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991. Real
estate outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
.
. Ukrain’s clashes with rebels hinder MH17 crash investigation
.
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sudeep Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9837043180 |
|
Date : |
01.08.2014 |
LOCATIONS
|
Registered Office : |
306/104, Ashirwaad Enclave, I P Extension, Patparganj, New
Delhi-110092, |
|
Tel. No.: |
91-11-42484479 |
|
Mobile No.: |
91-9837043180 [Mr. Sudeep Gupta] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Manohar Vihar, |
|
Tel. No.: |
91-122-2333588/ 2333206 |
|
Fax No.: |
91-122-2333178 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Pradeep Kumar Gupta |
|
Designation : |
Managing Director |
|
Address : |
38, |
|
Date of Birth/Age : |
04.04.1958 |
|
Date of Appointment : |
15.02.1999 |
|
DIN No.: |
00011421 |
|
|
|
|
Name : |
Mr. Mahender Kumar Gupta |
|
Designation : |
Director |
|
Address : |
38, |
|
Date of Birth/Age : |
12.09.1930 |
|
Date of Appointment : |
15.02.1999 |
|
DIN No.: |
00011434 |
|
|
|
|
Name : |
Mr. Sudeep Kumar Gupta |
|
Designation : |
Director |
|
Address : |
38, |
|
Date of Birth/Age : |
01.08.1963 |
|
Date of Appointment : |
15.02.1999 |
|
DIN No.: |
00011443 |
|
|
|
|
Name : |
Mr. Atul Kumar Gupta |
|
Designation : |
Director |
|
Address : |
905, Patel Nagar, Hapur – 245 101, |
|
Date of Birth/Age : |
12.09.1955 |
|
Date of Appointment : |
15.02.1999 |
|
DIN No.: |
00011452 |
|
|
|
|
Name : |
Mr. Atul Kumar Jindal |
|
Designation : |
Director |
|
Address : |
2-1/1563/1, New Shivpuri, |
|
Date of Birth/Age : |
15.08.1973 |
|
Date of Appointment : |
20.09.1999 |
|
DIN No.: |
00011463 |
|
|
|
|
Name : |
Mr. Varun Gupta |
|
Designation : |
Director |
|
Address : |
38, |
|
Date of Birth/Age : |
18.01.1984 |
|
Date of Appointment : |
23.04.2010 |
|
DIN No.: |
03053757 |
|
|
|
|
Name : |
Mr. Mukul Jindal |
|
Designation : |
Additional Director |
|
Address : |
1563/1, Shivpuri, |
|
Date of Birth/Age : |
11.12.1976 |
|
Date of Appointment : |
31.12.2012 |
|
DIN No.: |
06472674 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Atul Kumar Gupta |
|
28600 |
|
Atul Kumar Jindal |
|
50000 |
|
Mahendra Kumar Gupta |
|
30100 |
|
Munna Lal |
|
50000 |
|
Pradeep Kumar Gupta |
|
83100 |
|
Sudeep Kumar Gupta |
|
66100 |
|
Varun Gupta |
|
55000 |
|
Manohar Credit and Growth Fund Private Limited, |
|
2000 |
|
Shashi Gupta |
|
6000 |
|
Mukul Jindal |
|
20000 |
|
Bimlesh Jindal |
|
25000 |
|
Kalpana Gupta |
|
12000 |
|
Amita Gupta |
|
30000 |
|
Kapil Jindal |
|
20000 |
|
Beenu Gupta |
|
29400 |
|
Ritika Gupta |
|
50000 |
|
Achal Gupta |
|
15000 |
|
M.K. Finvest Company Private Limited, |
|
25000 |
|
|
|
|
|
TOTAL
|
|
597300 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
4.52 |
|
Directors
or relatives of directors |
|
95.48 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in manufacturing and wholesale trading of Welding Electrodes and MIG Wires. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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|
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|
No. of Employees : |
30 [Approximately] |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
Union Bank of |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. M. R. and Company Chartered Accountants |
|
Address : |
25/39, West Patel Nagar, |
|
PAN No: |
AADFG5928Q |
|
|
|
|
Associates/Subsidiaries : |
·
Manohar Group of
Company Address: Hapur, Line
of Business: Manufacturing MIG Welding Wires. |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
Equity Shares |
Rs.10/- each |
Rs.5.973 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.973 |
5.973 |
5.973 |
|
(b) Reserves & Surplus |
8.526 |
8.316 |
8.091 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
14.499 |
14.289 |
14.064 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.050 |
9.015 |
12.783 |
|
(b) Deferred tax liabilities (Net) |
0.374 |
0.263 |
0.156 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
14.424 |
9.278 |
12.939 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
9.076 |
9.781 |
5.801 |
|
(b) Trade payables |
12.324 |
6.803 |
6.915 |
|
(c) Other current
liabilities |
0.959 |
0.370 |
0.293 |
|
(d) Short-term provisions |
0.820 |
0.339 |
0.282 |
|
Total Current Liabilities (4) |
23.179 |
17.293 |
13.291 |
|
|
|
|
|
|
TOTAL |
52.102 |
40.860 |
40.294 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13.714 |
13.694 |
15.762 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.901 |
0.209 |
0.048 |
|
(e) Other Non-current assets |
0.000 |
0.003 |
0.006 |
|
Total Non-Current Assets |
14.615 |
13.906 |
15.816 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
17.365 |
12.816 |
13.945 |
|
(c) Trade receivables |
12.406 |
10.572 |
8.456 |
|
(d) Cash and cash
equivalents |
4.882 |
1.994 |
0.496 |
|
(e) Short-term loans
and advances |
2.779 |
1.572 |
1.581 |
|
(f) Other current
assets |
0.055 |
0.000 |
0.000 |
|
Total Current Assets |
37.487 |
26.954 |
24.478 |
|
|
|
|
|
|
TOTAL |
52.102 |
40.860 |
40.294 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
120.000 [Approximately] |
125.827 |
117.315 |
|
|
|
Other Income |
NA |
0.003 |
0.000 |
|
|
|
TOTAL (A) |
NA |
125.830 |
117.315 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
107.324 |
101.647 |
|
|
|
Employee Benefit Expenses |
|
5.430 |
5.420 |
|
|
|
Other Expenses |
|
5.499 |
6.008 |
|
|
|
Changes in Inventories of Finished Goods, Work in Progress and Stock
in Trade |
|
2.308 |
(0.425) |
|
|
|
TOTAL (B) |
NA |
120.561 |
112.650 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
5.269 |
4.665 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
2.764 |
2.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.431 |
2.505 |
2.366 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.095 |
2.161 |
2.215 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.336 |
0.344 |
0.151 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.126 |
0.114 |
0.051 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.210 |
0.230 |
0.100 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.35 |
0.39 |
0.17 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover [Approximately] |
|
|
150.000 |
The above information has been parted by Mr. Sudeep Gupta.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
0.18
|
0.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.27
|
0.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.64
|
0.84
|
0.37 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02
|
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.59
|
1.32
|
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62
|
1.55
|
1.84 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
5.973 |
5.973 |
5.973 |
|
Reserves & Surplus |
8.091 |
8.316 |
8.526 |
|
Net
worth |
14.064 |
14.289 |
14.499 |
|
|
|
|
|
|
long-term borrowings |
12.783 |
9.015 |
14.050 |
|
Short term borrowings |
5.801 |
9.781 |
9.076 |
|
Total
borrowings |
18.584 |
18.796 |
23.126 |
|
Debt/Equity
ratio |
1.321 |
1.315 |
1.595 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10186935 |
23/07/2013 * |
17,000,000.00 |
UNION BANK |
|
B82484973 |
|
2 |
10032761 |
28/11/2006 |
7,500,000.00 |
UNION BANK OF
INDIA LIMITED |
239- BACK BAY
RECLAMATION, NARIMAN POINT, MUMBAI |
A09290420 |
|
3 |
80021604 |
28/11/2006 * |
6,000,000.00 |
UNION BANK OF
INDIA LIMITED |
239- BACK BAY
RECLAMATION, NARIMAN POINT, MUMBAI |
- |
* Date of charge modification
NOTE:
The registered office of the company has been shifted from 25/39, West Patel
Nagar,
CORPORATE INFORMATION
The company is incorporated in year 1999. The company is engaged in manufacturing and wholesale trading of Welding Electrodes and MIG Wires.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Loans and Advances From Related Parties |
9.925 |
4.765 |
|
TOTAL
|
9.925 |
4.765 |
FIXED ASSETS:
·
Land
·
Car
·
Plant and Machinery
·
Hot and Cold Water Cooler
·
Building
·
Generator
·
Vehicles
·
Invertor
·
Furniture and Fixtures
·
Air Conditioner
·
Computer
·
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CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.34 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.81.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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 |
-- |