MIRA
INFORM REPORT
|
Report Date : |
5TH
June, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
ION
EXCHANGE WATERLEAU LIMITED |
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Registered Office : |
Tiecicon House, Dr. E. Moses Road Mumbai
400 011 |
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Country : |
India |
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Date of Incorporation : |
24.11.2005 |
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Com. Reg. No.: |
11-157554 |
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CIN No.: [Company
Identification No.] |
U45204MH2005PTC157554 |
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Legal Form : |
A
Closely Held Public Limited Liability Company |
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Line of Business : |
Ion
Exchange and Waterleau, Belgium Proposed – Waste Water and Pollution
Equipment Waterleau provides environmental
solutions and services with proprietary technologies, encompassing,
air, water & waste water, bio-solids & waste and soil remediation in
the municipal and industrial segments |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 |
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Maximum Credit Limit : |
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Status : |
New
Company |
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Payment Behaviour : |
Slow
but Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and a joint venture between Ion Exchange, India and
Waterleau, Belgium. The company is yet to commerce commercial activities. The
company can be considered for business dealings with slight caution
initially. |
LOCATIONS
|
Registered Office : |
Tiecicon House, Dr. E. Moses Road Mumbai
400 011 |
|
Tel. No.: |
91-22-24939520/23/25 |
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Fax No.: |
91-22-24938737 |
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E-Mail : |
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Website : |
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Corporate
Office : |
Ion
House, 1st Floor, Plot No. 2, Sector – 18, Vashi, Navi Mumbai –
400705 |
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Tel.
No.: |
91-22-27888831/32/33/34 |
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Fax
No.: |
91-22-27888156/27889839 |
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E-Mail
: |
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REGIONAL
OFFICES |
Kolkata Chennai Delhi Vadodara |
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Branches
: |
Bangalore Chandigarh Hyderabad Indore Lucknow |
DIRECTORS
Not
Available
BUSINESS DETAILS
|
Line of Business : |
Ion
Exchange and Waterleau, Belgium Proposed – Waste Water and Pollution
Equipment Waterleau provides environmental
solutions and services with proprietary technologies, encompassing,
air, water & waste water, bio-solids & waste and soil remediation in
the municipal and industrial segments |
GENERAL
INFORMATION
|
Bankers : |
v
UTI
Bank, Worli, Mumbai v
Union
Bank of India, Worli, Mumbai |
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Facilities : |
-- |
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Banking Relations : |
-- |
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Associates/Subsidiaries : |
Ion
Exchange (India) Limited |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
100000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 1.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
50000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 0.500 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
Nil
LOCAL AGENCY
FURTHER INFORMATION
As per
Website Details:
Ion Exchange Waterleau Ltd. is a joint
venture between Ion Exchange (India) Ltd., Asia's leading water treatment
company and the Waterleau Group based at Brussels.
Waterleau is a leading global company with
presence in Europe, Middle East, Africa, Asia and Russia. Waterleau provides
environmental solutions and services with proprietary technologies,
encompassing, air, water & waste water, bio-solids & waste and soil
remediation in the municipal and industrial segments. With more than 800
reference plants worldwide, Waterleau has an impressive track record in
municipal waste treatment and industries like petrochemicals, breweries &
distilleries, plastics, industrial chemicals, dairy, food & beverages, to
name a few.
Ion Exchange (India) Ltd. is an established
leader in Asia, offering total water management solutions to industries, homes
and communities. It enjoys an excellent market reputation with a well
documented history of success in water projects, spanning over four decades of
operation. The company is an established leader in Asia, offering total
water management solutions to industries, homes and communities. It
enjoys an excellent market reputation with a well documented history of success
in water projects, spanning over four decades of operation. The company
Leveraging the strengths of both
organisations, Ion Exchange Waterleau provides state-of-the-art turnkey
environmental solutions and services to the growing Asian market. The company
offers single point responsibility , total environmental solutions to industry
and municipal needs for waste water and sewage treatment, solid and hazardous
waste treatment and disposal, air pollution control and renewable energy
generation, with emphasis on industrial and infrastructure projects.
LIQUID WASTE TREATMENT & RECYCLE
Advanced aerobic technology
produces treated water that is continuously of highest quality, allowing
for safe effluent discharge and stable process performance. Anaerobic
technologies with high removal efficiency of organic matter, are particularly
suited to treat highly concentrated waste waters such as from brewery,
distillery, tannery, paper, fermentation and pharma industries. Waste water recycle technologies include
advanced membrane processes such as the membrane bio-reactor which produces an
effluent that is extremely pure and appropriate for immediate reuse, as well as
the fluidised media reactor and packaged sewage treatment systems.
LUCAS® Aerobic
LUCAS® Aerobic combines the
advantages of the conventional and the sequencing batch reactor
technology. Like in the conventional system, the reactor volume and the
level in the tanks is always constant. It is a continuous system for both
influent feed and effluent discharge. Like in the fill-and-draw system,
the reactor operates according to a time-controlled process cycle that allows
for the alternation of all essential processes in a single
compartment. By using the most advanced processes in combination
with the autonomous monitoring and controlling system, the treated water will
be continuously of the highest quality. This allows for safe effluent
discharge and stable process performance. No external clarifiers, sludge
rakers, recycle pumps/screws/piping are needed and reactor volume is always
used for 100%. In addition the system can be easily controlled and the
treatment efficiency is very high (80 – 95%).
LUCAS® Anaerobic is the brand name for an
anaerobic waste water treatment system which uses Upflow Anaerobic Sludge
Blanket, Upflow Anaerobic Contact, Anaerobic Filtration and Hybrid Anaerobic
Filtration technologies for treating waste water depending on specific
requirement. The LUCAS® Anaerobic technology is typically applied
as a first stage to remove on an average 85% of the COD (Chemical Oxygen
Demand) out of the water. This technology is particularly suited to treat
highly concentrated wastewaters rich in carbohydrates and carboxylic acids such
as brewery waste waters and waste waters derived from the soft drink and
malthouse industry. Depending on the characteristics of the brewery or soft
drink wastewater, a high removal efficiency of the organic matter of 70-90% is
achieved.
Download pdf leaflet
UAC (Upflow Anaerobic Contact Process)
The Upflow Anaerobic contact reactor (UAC) was one of the first reactor
types for anaerobic wastewater treatment. It is a simple concept using the CSTR
principle. The organic loading rates achievable is 5Kg COD/ m3 per
day but however higher loading rates could be designed based on specific
characteristics of waste.
UASB (Upflow
Anaerobic Sludge Blanket Process)
The Upflow Anaerobic Sludge Blanket reactor (UASB) was a successful improvement
for anaerobic wastewater treatment. High volumetric loading rates up to 15 Kg
COD/ m3 per day can be reached depending on the characteristics of waste water.
AF (Anaerobic Filter)
Bio-filtration uses bacterial immobilisation by
means of slime films on an inert support material and entrapment of sludge
flocs with in the macro-porous structure of the carrier material. The reactor
loading rates could be upto 10 Kg COD/ m3 per day depending on waste
characteristics.
Hybrid
Hybrid reactors are recent development utilizing the benefits of UASB with AF
or with UAC. The Hybrid design has advantages of UASB and operation flexibility
of UAC or AF.
Based on the
effluent limits that have to be met, the LUCAS®
Anaerobic stage can be followed by a LUCAS® Aerobic
stage to remove the remaining COD and to remove nutrients (N&P). The
LUCAS® Anaerobic-Aerobic, where the anaerobic stage
is followed by an aerobic stage, has been specifically developed to
meet the needs of breweries and beverage companies. Both stages can be
applied separately or in combination.
Advantages
of LUCAS® Anaerobic-Aerobic with Nutrient Removal
- Uses Upflow
Anaerobic Sludge Blanket (UASB) technology
- High COD
removal efficiency (upto 90%) in UASB reactor
- High biogas
production – can be converted into heat and/or electricity (0.3-0.4 Nm3
biogas/kg COD)
- Low sludge
production (0.02 kg SS/kg COD converted)
- Robust and
proven technology
- Very compact
design
- High effluent
quality with complete nutrient (N&P) removal
Membrane Bioreactors For Compact Waste Water Treatment &
Recycle
Ion
Exchange Waterleau Ltd. offers two different membrane bioreactor concepts to
produce an effluent that is extremely pure and appropriate for immediate reuse.
Micro and ultra filtration membranes can be used for the separation of sludge
and biologically purified waste water. By replacing the sedimentation step by
membrane separation it is possible to operate the bioreactor at much higher
concentrations, thereby reducing the volume of the bioreactor drastically.
An extra advantage of the fact that the filtrate is virtually free from
suspended solids and bacteria since these cannot pass the membranes. The
filtrate will thus be ready for reuse or for further treatment by reverse
osmosis. Two membrane bioreactor concepts are possible depending on the
choice either to submerge the membranes into the bioreactor or place these
membranes in an external loop.
- Single
packaged unit with minimal civil construction – minimum land usage
- Modular in
construction and design
- Compact –
requires ½ - 1/3 space of conventional system
- Low energy
consumption (0.30 kwh/m3) for submerged filtration
- Upto 6 log
(99.999%) removal of total coliform
- No chemicals
required during treatment
- Low operating
cos
Ideal for Housing complexes * Townships * Hotels * Golf
& Country Clubs * Industrial Estates * Existing Plant Upgradation
Submerged
Membrane Bioreactor
With the INDION
Submerged Membrane Bioreactor, the higher biomass
concentrations can be kept in a reactor causing a decrease of the bioreactor
volume with a factor 3-4 compared to a conventional sludge system. Furthermore,
the energy consumption is kept to minimum by placing the hollow fibre membranes
inside the reactor.
Download pdf leaflet
X-TRACTOR
Crossflow Membrane Bioreactor
In the X-TRACTOR
Crossflow Membrane Bioreactor, tubular membranes are placed
outside in an external loop of the bioreactor. Due to the high-energy
consumption, caused by the high-speed circulation, this crossflow concept
is used to treat smaller but more difficult waste water flows.
Download pdf leaflet
Recycle Systems
INDION recycle solutions integrate physico-chemical,
biological and membrane separation processes for optimum water recovery. They
include advanced effluent treatment processes, micro filtration, ultra
filtration and reverse osmosis systems, membrane bio-reactors and and advanced
photo-chemical oxidation.
AIR POLLUTION CONTROL
Flue gas treatment plants are offered in combination with drying and/or
combustion technologies. Comprehensive process knowhow combined with selected
flue gas cleaning technologies enable compliance with stringent emission
limits. Gaseous treatment using advanced thermal and catalytic oxidation
processes enables control of odour from municipal/effluent treatment plants,
NOx and dioxin abatement, and removal of VOCs generated by solvent using/producing processes.
Gas Cleaning
CALVERT® Collision Scrubber
Utilises a special collision process for maximizing the
action of venturi throats. Ideally suited for all types of incinerator off-gas
cleaning applications as well as for any other applications requiring high
particulate matter collection efficiencies.
BIOWAVE®
Scrubber
BIOWAVE® is a
proprietary bio-scrubber system for off gas treatment using a collision
scrubber and biological treatment with thermophilic bacteria. The Main
advantage is no packing for mass transfer and hence no plugging.
VOC Control
BIOTON® Biofilter
Utilises naturally occurring microorganisms to destroy VOCs and other odorous
compounds by converting them into Carbon-di-oxide and water. Low operating
costs and low maintenance are key benefits of this technology.
DYNACYCLE® Regenerative Catalytic
Oxidiser (RCO)
Designed to reduce VOCs including chlorinated and
sulfur containing compounds in process gas vent streams. The system’s low
temperature oxidation/heat recovery combination results in a very efficient RCO
with low operating costs and high removal efficiencies.
DYNACYCLE®
Regenerative Thermal Oxidiser (RTO)
A highly efficient process for thermal
destruction of VOCs that utilizes regenerative heat recovwery to minimize fuel
costs. Designed to achieve upto 99% removal in a single tower design.
Download pdf leaflet
CINCLUS® Multifluid
Thermal Oxidiser
Efficient process for thermal destruction of VOCs and pumpable fluids.
Low emission levels could be achieved and destruction efficiency > 99.9999%.
Odor Control
BIOTON® Biofilter
BIOTON® is a
biological cleaning system. The heart of the system is unique BIOTON®
filter material. Its high specific surface area guarantees a good performance
of large volumes of low concentration VOC application combined with compactness
of the installation.
DYNAWAVE® MIST
Eliminator
These are specially designed and engineered scrubbing
system to scrub off gases using froth zone technology.
CALVERT® Mist Scrubber
Engineered to provide effective control of odors from various waste water
treatment and composting processes. There is no tower packing to replace and no
recirculation of chemicals; a combination which greatly reduces operating costs
and maintenance costs.
SOLID AND HAZARDOUS WASTE
Indirect convective drying technology is the safest way to dry biosolids due to
the very low oxygen vapour atmosphere in the dryer. They offer
evaporation capacities ranging from 300 kg/h to 14000 kg/h. Integrated
treatment of the vapour stream is included. It can produce partial or complete
drying with dry solid content between 25 – 90%, and conversion into hard, dust
free granules for safe disposal as non-hazardous solid waste or for use as
fuel. A complete range of combustion technologies are offered for the
ultimate treatment and thermal valorisation of solid, liquid and pasty
wastes of industrial sludges and slurries. Biogas generated from waste
treatment processes can be used in biogas engines to produce electricity, in
brewery boiler system (steam production) and hot water producing
boilers.
Drying
Indirect, convective drying is the safest way to dry bio-solids due to very low
oxygen vapor atmosphere (<2% or 2.5 times below the lower explosion limit).
HYDROGONE® Horizontal Disk
Dryer
PUTT-ART® Dryer-Granulator
The dryer can be used to produce hard, dust free
granules with >90% dry solids content and a very narrow size distribution.
The dry solids can be used as RDF in Boilers for steam generation.
Combustion
DYNAFLUID® Multifluid Thermal Oxidiser
Thermal oxidizers for thermal valorization of suspension, slurries, liquids.
TURNOVER® Rotary Furnace
Rotary furnace for thermal
valorization of solid,liquid and pasty wastes.
HELIOSOLIDS® Fluidised Bed
Reactor
Fluidised bed furnaces for evaporation –combustion of
wet sludge or thermal valorization of industrial sludge and slurries.
RENEWABLE ENERGY
They believe in continuous improvement and innovation for benefit of
industry, society and the environment. To this end, they offer
systems to use bio-gas generated from LUCAS®Anaerobic
for power generation / Boiler instead of simply flaring. They also provide
technology for producing ready to use Residue Derived Fuel (RDF) by drying and
granulating bio-solids.
LUCAS® Anaerobic
The biogas generated can be used as fuel in boilers to produce steam or
electricity using biogas engines.
Residue Derived
Fuels (RDF)
HYDROGONE® Horizontal Disk Dryer
The dryer can be used for partial or complete (>90%DS) drying.
PUTT-ART® Dryer-Granulator
The dryer can be
used to produce hard, dust free granules with >90% dry solids content and a
very narrow size distribution. The dry solids can be used as RDF in boilers for
steam generation.
Comprehensive, multi-disciplinary service
eliminates the split of responsibilities , making Ion Exchange Waterleau Ltd.
is a single-stop-shop for solutions. Standardised and open project
management process ensures projects deliver the agreed upon solution on time
and within budget.
Technical & Process Assistance
includes:
- Research &
Development
- Audits &
Consultancy
- Pilot Testing
& Demonstration Tests
- Feasibility
Studies
- Technology
Selection
- Process Design
- Mechanical
Design
- E&I Design
- Basic
Engineering
- Detailed
Engineering
- Procurement
- Equipment
Supply
- Site
Supervision
- General
Contracting
- Construction,
Erection
- Electricity,
Instrumentation & Controls
- Start-up &
Commissioning
- Training
- Operation
& Maintenance
- Project
Development
- Financing
- BO(O)T
Projects
Corporate Office Inaugurated
The company’s corporate office at Navi
Mumbai was formally inaugurated on February 19, 2006. Directors and senior
executives of Ion Exchange Waterleau, Ion Exchange India and Waterleau, Belgium
were present at the well attended inaugural function. A religious puja
ceremony was followed by the lighting of the traditional lamp, cutting of
the inaugural ribbon, distribution of silver plaques to commemorate the
formation of the joint venture on September 3, 2005 and of silver
coin mementoes to celebrate the office inauguration. The air was
festive and the function permeated with enthusiastic, optimistic spirit on
the success of the joint venture.
First Order Received
Ion Exchange Waterleau received its first
order, from GPT Steel for effluent treatment at their project located at
Mithirohar, near Gandhidham town in Kutch, Gujarat. Treatment will consist
of physico chemical and biological systems to treat the acid and
alkali waste apart from chrome waste generated in the plant. The contract is
part of the GPT Steel’s total management requirement - the water treatment
and waste water recycle component has been awarded to Ion Exchange
India.
While this is the joint venture’s first order in India, the large reference
base of the Waterleau Group include many clients from India – EID Parry,
Jubilant Organosys, Amit Alcohol, Mohan Breweries, to name just a few.
|
Company |
Treatment |
Type of Product
Type of Contract |
Capacity |
Year |
|
SUNInterbrew, Omsk, Russia |
Brewery & Malthouse Wastewater |
LUCAS anaerobic-aerobic |
35.000 kg COD/day |
2005 |
|
SUNInterbrew, Klin, Russia |
Brewery Wastewater treatment |
LUCAS anaerobic-aerobic |
30.600 kg COD/day |
2005 |
|
Nebula Techno Solutions, Dhaka, Bangladesh |
Wastewater treatment plant |
LUCAS® aerobic |
1.920 kg BOD/day |
2005 |
|
Inbev Jupiler, Jupille, Belgium |
Brewery Wastewater treatment |
Aeration equipment |
|
2005 |
|
Pepsi – Tropicana, Boxford, UK |
Fruit juices Wastewater treatment |
Pretreatment |
|
2005 |
|
Ajinomoto, Belgium |
Off gas treatment |
Audit |
|
2005 |
|
UCB Pharma, Belgium |
Wastewater treatment plant |
Maintenance contract |
|
2005 |
|
Sidmas, Riyadh, Saudi Arabia |
Off-gas
treatment Riyad |
Bel-Air® biowashfilter |
6 * 18.000 m³/hr |
2005 |
|
Zhuhai Ji Da, China |
Off- Municipal wastewater plant plant |
Bel-Air® biowashfilter |
56.000
m³/hr |
2004 |
|
Sugar Development Co. Iran Plant 1 |
Sugar production wastewater |
Anaerobic-aerobic WWTP |
12.000 kg COD/day |
2004 |
|
Gondomar, Portugal |
Municipal wastewater treatment |
Aerobic WWTP |
30.000 P.E. |
2004 |
|
Sugar Development Co. Iran |
Sugar production wastewater |
Anaerobic-aerobic WWTP |
12.000 kg COD/day |
2004 |
|
Infineon Germany |
Off-gas treatment |
DYNACYCLE® |
RCTO
4.500 m³/hr |
2004 |
|
Heineken Pointe Noire Congo Brazzaville |
Off-gas treatment |
Bel-Air® biowashfilter |
1.000
m³/hr |
2004 |
|
Interbrew Borsodi Sörgyär, Hungary |
Brewery wastewater treatment |
LUCAS® anaerobic - |
21.000 kg COD/day |
2004 |
|
Zhuhai Ji Da, China |
Municipal wastewater treatment |
Cyclic Activated Sludge |
90.000 P.E. |
2004 |
|
Yara (Hydro Agri), France |
Boiler feed water production from |
AQUALITY |
30 m³:hr |
2004 |
|
Akzo Nobel, Holland |
Air treatment |
BIOTON® revamp
& refill |
30.000
m³/hr |
2004 |
|
Diageo Guiness Kenya Breweries |
Off-gas treatment |
Bel-Air® biowashfilter |
60m³/hr |
2004 |
|
Carlsberg Tuborg, Romania |
Brewery wastewater treatment |
LUCAS® anaerobic |
6.720 kg
COD/day |
2004 |
|
Heineken
Pointe Noire |
Off-gas
treatment |
LUCAS® anaerobic 13.600 |
kg
COD/day |
2004 |
|
Diageo Guiness |
Food ingredients industry |
LUCAS® aerobic |
7.500 kg BOD/day |
2004 |
|
Diageo Guiness |
Brewery wastewater treatment |
LUCAS® |
32.300 kg COD/day |
2004 |
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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.45.93 |
|
UK
Pound |
1 |
Rs.85.32 |
|
Euro |
1 |
Rs.58.75 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
- |
|
--RESERVES |
1~10 |
- |
|
--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 |
|
TOTAL |
|
18 |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |