|
Report Date : |
18.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SWAN ENVIRONMENTAL PRIVATE LIMITED (w.e.f. 15.05.1992) |
|
|
|
|
Formally Name of
: |
ORBIT ELECTRONICS AND CONTROLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad – 500081, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.05.1988 |
|
|
|
|
Com. Reg. No.: |
01-008656 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.009 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92110AP1988PTC008656 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYD502155G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS4126R |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Dealer in Electronic Pollution Control and Monitoring Equipments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 280000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There seems improvement in the company’s financial profile. However, the rating takes into consideration the group’s modest scale
of operations, and exposure to risks associates with product concentration in
its revenue profile. Trade relations are reported as fair. Business is active. Payments
terms 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction, according
the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BB (Upgraded from BB-) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
24.04.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A4+ |
|
Rating Explanation |
Minimal degree of safety, It carry Very High
Credit risk. |
|
Date |
24.04.2013 |
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.
LOCATIONS
|
Registered Office : |
Plot No. 922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad – 500081, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40216184/ 85 |
|
Fax No.: |
91-40-40216183 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Located at: ·
·
·
·
Mumbai ·
·
Ahmedabad ·
·
Chennai ·
Kolkata |
DIRECTORS
(AS ON 28.09.2013)
|
Name : |
Mr. Chadalavada Kumar Vijay |
|
Designation : |
Managing Director |
|
Address : |
922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
|
Date of Birth/Age : |
08.02.1964 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
00035192 |
|
|
|
|
Name : |
Mrs. Chadalavada Geeta |
|
Designation : |
Director |
|
Address : |
922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
|
Date of Birth/Age : |
29.05.1969 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
00010740 |
|
|
|
|
Name : |
Ms. Chadalavada Yasoda |
|
Designation : |
Director |
|
Address : |
922 and 935, Swami Ayyappa Co-Operative Society, Madhapur,
Hyderabad-500081, |
|
Date of Birth/Age : |
21.11.1940 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
00010826 |
|
|
|
|
Name : |
Mr. Koneru Rao Jaganmohan
|
|
Designation : |
Whole Time Director |
|
Address : |
513, Block V, |
|
Date of Birth/Age : |
09.11.1942 |
|
Date of Appointment : |
08.05.1996 |
|
DIN No.: |
00037860 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 28.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Chadalavada Vijay Kumar |
|
33560 |
|
Chadalavada Geeta |
|
45320 |
|
Chadalavada Yasoda |
|
5350 |
|
A.V. Tulasi |
|
5000 |
|
V D Gurunadh |
|
4970 |
|
A Naryana Rao |
|
4000 |
|
Chadalavada Vijay Kumar – HUF |
|
1890 |
|
|
|
|
|
Total |
|
100090 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer in Electronic Pollution Control and Monitoring Equipments. |
GENERAL INFORMATION
|
Customers : |
·
Aditya Birla Limited ·
Dr. Reddy’s ·
Ranbaxy ·
Ambuja Cement Limited ·
Vizag Steel ·
TATA ·
SAIL ·
Bharat Petroleum ·
ONGS ·
Aurobindo ·
Indian Oil ·
CAIRN ·
Coca-Cola India ·
Nestle ·
Hindustan Petroleum ·
NMDC Limited ·
Reliance Industries Limited |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India Balanagar Branch, Balanagar, Hyderabad, Andhra Pradesh - 500037, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Umamaheswara Rao and Company Chartered Accountants |
|
Address : |
Flat No. 5-H, D Block, 8-3-324, Krishna Apartments, Yellareddyguda
Lane, Ameerpet, Hyderabad – 500073, Andhra Pradesh, India |
|
Tel No.: |
91-40-23751833/ 23751823 |
|
PAN No.: |
AAAFU4353L |
|
Email : |
|
|
|
|
|
Related Parties : |
· Startech Labs Private Limited CIN No.: U24114AP2001PTC037760 · Swan Realtime Network Private Limited |
CAPITAL STRUCTURE
(AS ON 28.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
Rs.100/- each |
Rs.12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100090 |
Equity Shares |
Rs.100/-
each |
Rs.10.009
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 |
10.009 |
10.009 |
10.009 |
|
(b) Reserves & Surplus |
59.161 |
42.606 |
27.004 |
|
(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) |
69.170 |
52.615 |
37.013 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.817 |
16.590 |
13.221 |
|
(b) Deferred tax liabilities (Net) |
1.323 |
1.106 |
0.000 |
|
(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) |
13.140 |
17.696 |
13.221 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
33.935 |
35.340 |
25.132 |
|
(b) Trade payables |
43.070 |
35.951 |
24.577 |
|
(c) Other current
liabilities |
7.627 |
12.123 |
8.534 |
|
(d) Short-term provisions |
16.099 |
8.790 |
19.414 |
|
Total Current Liabilities (4) |
100.731 |
92.204 |
77.657 |
|
|
|
|
|
|
TOTAL |
183.041 |
162.515 |
127.891 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
42.207 |
42.243 |
38.121 |
|
(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 |
10.394 |
12.445 |
13.130 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.437 |
|
(d) Long-term Loan and Advances |
8.097 |
8.008 |
6.384 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
60.698 |
62.696 |
58.072 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
32.332 |
13.910 |
13.345 |
|
(c) Trade receivables |
70.247 |
59.521 |
49.163 |
|
(d) Cash and cash
equivalents |
11.493 |
10.049 |
2.500 |
|
(e) Short-term loans and
advances |
4.807 |
14.823 |
4.656 |
|
(f) Other current assets |
3.464 |
1.516 |
0.155 |
|
Total Current Assets |
122.343 |
99.819 |
69.819 |
|
|
|
|
|
|
TOTAL |
183.041 |
162.515 |
127.891 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Other Income |
433.398 |
315.992 |
191.770 |
|
|
|
TOTAL |
433.398 |
315.992 |
191.770 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
403.540 |
288.491 |
175.425 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.858 |
27.501 |
16.345 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.508 |
4.137 |
6.428 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
25.350 |
23.364 |
9.917 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.795 |
7.763 |
3.361 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
16.555 |
15.601 |
6.556 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Income |
75.384 |
56.910 |
NA |
|
|
TOTAL EARNINGS |
75.384 |
56.910 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
165.40 |
155.87 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
3.82
|
4.94
|
3.42
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.68
|
15.57
|
8.67
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.44
|
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.66
|
0.99
|
1.04
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.08
|
0.90
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In
Millions) |
|
|
Long Term Borrowings |
|
|
|
Loans from Others |
5.078 |
8.708 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Loans and Advances from Related Parties |
2.200 |
0.000 |
|
Loans and Advances from others |
0.450 |
1.550 |
|
|
|
|
|
Total |
7.728 |
10.258 |
FINANCIAL PERFORMANCE
During the year the company's turnover is increased from Rs.315.992 Millions during the year 2011-12 to Rs.433.390 Millions during the year 2012 13. The Net profit after tax is increased from Rs.15.601 Millions during the year 2011-12 to Rs.16.555 Millions during the year 2012-13.
The company marched ahead during the year, creating value and laying a strong foundation for the future years. Considerable improvements were made in the business architecture. Going forward, the company would see visible benefits especially in its marketing and product strengths.
OPERATIONAL
PERFORMANCE
The Company is involved in the business of marketing very highly sensitive, sophisticated, and result oriented products in the field of Environmental pollution monitoring. The company's operations have been very encouraging during the year and have recorded good growth in the turnover and also in the income.
The company has been very successful in marketing these
products, which are result of research carried on by various multi national
companies located in the United States of America, Singapore and other parts of
the world. The company markets these research products, which are also updated
from time to time by the various suppliers who are the world leaders in
supplying the Environmental pollution. The company has expanded into many
active fields like Pharma, Biotechnology, Food, Water and Agriculture by
introducing latest instruments to meet the international quality standards.
NOTE:
The Registered office of the company has been shifted from 3rd
Floor, SRM Chambers, H. No. 1-58/7,
CONTINGENT LIABILITIES
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In
Millions) |
|
|
|
|
|
|
Bank Guarantee |
38.564 |
22.171 |
|
Letter of Credit |
Nil |
9.895 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10073522 |
17/10/2007 |
22,000,000.00 |
State Bank of
India |
Balanagar
Branch, Balanagar, Hyderabad, Andhra Pradesh - 500037, India |
A25807777 |
|
2 |
90116306 |
26/10/2012 * |
115,818,000.00 |
State Bank of
India |
Balanagar SME
Branch, Balanagar, Hyderabad, Andhra Pradesh - 500037, India |
B64374077 |
* Date of charge modification
FIXED ASSETS:
· Furniture and Fixture
· Computers
· Plant and Machinery
· Office Equipments
· Air Conditioners
· Electrical Equipments
· Vehicles
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.61.53 |
|
|
1 |
Rs.100.73 |
|
Euro |
1 |
Rs.83.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.