MIRA
INFORM REPORT
|
Report Date : |
29.01.1998 |
IDENTIFICATION
DETAILS
|
Name : |
AUTOMAT
INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
1/42,
Lane 5 Friends Colony, Industrial Area, G T Road, Shahdara, New Delhi 110095
. |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
29.01.1998 |
|
|
|
|
Com. Reg. No.: |
55-91781 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29219DL1998PTC091781 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELA13055A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADCA9313Q |
|
|
|
|
Legal Form : |
Private
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Industrial Irrigational
products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
45000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Regular
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Litigation : |
Clear |
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Comments : |
Subject
is a well established company having satisfactory track. Trade relations are
fair. General financial position is satisfactory. Payments are usually
correct and as per commitments. The
company can be considered good for normal for normal business dealings as
usual trade term and condition. |
LOCATIONS
|
Registered Office : |
1/42,
Lane 5 Friends Colony, Industrial Area,G T Road, Shahdara,New Delhi 110095 . |
|
Tel. No.: |
91-11-22583027/22574746 |
|
Fax No.: |
91-11-22121035 |
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E-Mail : |
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|
Website : |
DIRECTORS
|
Name : |
Mr.
Praboth K Jain |
|
Designation : |
Director |
|
Address : |
D-231,Vivek
Vihar, Delhi 110095. |
|
Date of Birth/Age : |
28th
February 1944 |
|
Date of Appointment : |
29th
January 1998 |
|
|
|
|
Name : |
Mr.
Tushar Jain |
|
Designation : |
Director |
|
Address : |
D-231,Vivek
Vihar, Delhi 110095. |
|
Date of Birth/Age : |
26th
August 1970 |
|
Date of Appointment : |
29th
January 1998 |
|
|
|
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr.Vijay
Kumar Jain |
705000 |
|
Mr.
Tushar Jain |
155100 |
|
Smt.
Anita Jain |
10 |
|
Mr.Anutosh
Chattopadhya |
10 |
|
Smt.
Deepali Jain |
10 |
|
Smt.
Jain Mati Jain |
10 |
|
Mr.Kamlesh
Jain |
10 |
|
Smt.
Jain Kaveri |
10 |
|
Smt.
Jain Bala Madhu |
10 |
|
Smt.Cghatterjee
Mamta |
10 |
|
Mr.
Chattopadhyay Manutosh |
10 |
|
Mr.Jain
Nirmal |
10 |
|
Mr.
Prabodh Kumar Jain |
10 |
|
Smt.
Jain Ruchi |
10 |
|
Mr.
Sandeep Jain |
10 |
|
Mr.Jain
K R |
10 |
|
MR.
Rajeev Jain |
10 |
|
Mr.
Bhargava N Y |
10 |
|
Mr.Jain
Tushar |
10 |
|
Smt.Chattopadhyay
Usha |
10 |
|
Mr.
Jain K P |
5 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Irrigational products |
GENERAL
INFORMATION
|
No. of Employees : |
300 |
|
|
|
|
Bankers
: |
Bank
of India , parliament street Branch, PIT Building ,
4, Parliament street New Delhi. |
|
|
|
|
Facility |
Secured
against the hypothecation of car . CC A/C , (PLC), (FBP) (Secured
against the hypothecation of Book Debts, Stock of raw material Stock
in process & finished goods, foreign bills,guranteed by the directors of
the company and further secured by equitable mortgage residential property of one of director of the
company) |
|
|
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors : |
Prem
Gupta & Associates Chartered
Accountant |
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|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
10,00,000 |
Equity
Shares |
Rs.10 each |
Rs. 10.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
860200 |
Equity
Shares |
Rs.10 each |
8.602 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
09.702 |
0.102 |
|
|
2] Share Application Money |
|
00.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
01.775 |
(0.038) |
|
|
4] (Accumulated Losses) |
|
00.000 |
0.000 |
|
|
NETWORTH |
|
11.477 |
0.064 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
09.090 |
0.000 |
|
|
2] Unsecured Loans |
|
22.813 |
0.000 |
|
|
TOTAL BORROWING |
|
31.903 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
00.548 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
43.928 |
0.064 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
19.081 |
00.000 |
|
|
Capital work-in-progress |
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT |
|
00.000 |
00.000 |
|
|
DEFERREX TAX ASSETS |
|
00.000 |
00.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
06.854
|
00.000 |
|
|
Sundry Debtors |
|
42.044
|
00.000 |
|
|
Cash & Bank Balances |
|
00.937
|
00.092 |
|
|
Other Current Assets |
|
00.000
|
00.000 |
|
|
Loans & Advances |
|
05.306
|
00.000 |
|
Total Current Assets |
|
55.141
|
0.092 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
30.321
|
00.058 |
|
|
Provisions |
|
00.000
|
00.000 |
|
Total Current Liabilities |
|
30.321
|
00.058 |
|
|
Net Current Assets |
|
24.820
|
00.034 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
00.027 |
00.030 |
|
|
|
|
|
|
|
|
TOTAL |
|
43.928 |
0.064 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
|
Sales Turnover [including other income] |
|
185.900 |
0.000 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
3.186 |
(0.008) |
|
Provision
for Taxation |
|
1.355 |
0.000 |
|
Profit/(Loss)
After Tax |
|
1.831 |
0.000 |
|
|
|
|
|
|
Export
Value |
|
0.081 |
NA |
|
|
|
|
|
|
Import
Value |
|
0.072 |
NA |
|
|
|
|
|
|
Total
Expenditure |
|
|
|
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
|
0.98 |
- |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
|
-- |
- |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
4.29 |
8.69 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
|
0.28 |
0.125 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
2.64 |
0.90 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
|
1.82 |
1.58 |
LOCAL AGENCY
FURTHER INFORMATION
OPERATIONS
Ii this
year reference the company has been able to achieve a turnover of Rs.181675
Lacs.Figure of
This
year are not comparable to the previous year since current year was the first
business operation
Of the
company as the company had took over business of amount engineering company.
In the
current year your directors are hopeful
of performing much better in the current financial year.
FIXED
ASSETS
Plant
& Machinery
Air
Conditioners
Office
Equipment
Furniture
& Fixture
Jeep
& Car
Scooter
Cycle
& Rickshaw
Dies
& Tools
Computer
|
Corporate
identity number (CIN)or foreign company
registration number of the company |
U29219DL1998PTC091781 |
|
Name of the company |
M/s.
AUTOMAT INDUSTRIES PRIVATE LIMITED |
|
Address
of the registered office or of the principle place of businesses India of the
company |
LANE
NO-5, G.T ROAD,SHADRA, DELHI. |
|
This
form if for |
Modification
of change |
|
Type
of charge |
Hypothecation
|
|
If
other specify |
Not
Applicable |
|
Whether
consortium finance is involved |
No |
|
Number
of charge holder(s) |
01 |
|
Particular
of the charge holder(s) |
Bank
of India, Parliament Street, New Delhi, Delhi 11000, India. |
|
Nature
or description of the instrument creating charge (copy to be attached ) |
Agreement
of hypothecation of plat and machinery, Stocks
and book debts |
|
Date
of instrument creating charge |
17.1.2005 |
|
In
case of charge created outside India on the property situated outside India,
the date of receipt of the document
in India. |
NA |
|
Amount
secured by the charge (In case the amount is foreign currency, rupee
equivalent to be stated) |
Rs.8.000
Lacs (Rupees eighty lacs only) |
|
Brief
of the principle terms and conditions (example rate of interest, term of
repayment, margin, ect.)and extant and operation of the charge. |
The
above is to secure working capital; facility of Rs.8.000 millions, i.e. cc
(Book Debts) of Rs.8.000 Millions, Export PLC of Rs.8.000 Millions,
FBN/FBP(DP/DA 90 days) of Rs.8.000 Millions and IBN of Rs.4.000 Millions. The
total exposure not exceed to Rs.8.000 Millions. Interest on CC- at BPLR min.
10.75%p.a Margin- 40% Interest on Export PLC - @ 6.25 % unto 180 days, @
11.25 % above 181-270 days) Margin-25%, Interest on FBN/FBP @ 6.75% upto 90
days, 11.25%above 90 days. Margin-25% and interest for IBN @ 2% below BBPLR
i.e.8.75% margin-25 |
|
IN
case of acquisition of property, subjected to charge, furnished the details
relating to the existing charge on the property so acquired. |
|
|
Date
of instrument creating or evidencing the charge |
Not Applicable |
|
Description
of the instrument creating or evidencing the charge |
Not Applicable |
|
Date
of acquisition of the property |
Not Applicable |
|
Amount
owing on security of the charge |
Not Applicable |
|
Particular
of the property charge |
Not Applicable |
|
Description
of the property charged indicating whether it is a charge on |
Plant
& Machinery, Stock, Book debts |
|
If
others, specify |
Not Applicable |
|
Particulars
of the property charged(including location of the property) |
Hypothecation
of a) All tangible movable machineries and plant both present and future
whether installed or not and whether lying loose or in cases at site or in
transit a short particulars of which are disclosed in part-A of the
Schedule-II,hereunder written or which may at anytime during the continuance
of this security being installed or lying loose or in case or being or upon
or about the borrower premises at Delhi or wherever else the same may be or
be held by any course of transit to the borrower . b) All
the stocks of raw materials, finished goods, spares parts, components
(including spare parts and stores relating to plant and machinery both
present and future ) and stocks inp rocess of the borrower wherever situated
at Delhi more described in Part –B of Schedule-II hereunder written. c) All
the Borrower’s present and future Book debts, outstanding moneys, receivable
claims, bills which are now due and owing or which may at any time hereafter
during the continuance of this security become due and owing to the borrower
in the course of its business by any person,firm,company or by the Government
or any local or public body or authority. |
|
Whether
the property is registered in the
same name of the company |
Yes |
|
Charge
identification (ID) number othecharge tobe modified |
90055579 |
|
Brief
description of the instrument modifying the charge under section 135 |
Supplemental
deed of hypothecation. |
|
Date
of instrument modifying the charge |
15.04.2006 |
|
In
case of modification of charges outside India, date of receipt of instrument
modifying the charge |
Not
Applicable |
|
Particular
of the present modification |
Not
Application |
|
|
Total
limit stands enhanced from Rs.8.000 Millions as follow: CC(Book debts) of
Rs.15.000 Millions, CC(stock) of Rs.15.000 Millions, EPC/FBN/FBP/DP-DA-90
days max Rs.8.000 lacs (Maximum of Rs.15.000 millions and Term loan-I
(Machinery ) Rs.3.698 millions and Term loan-2 (Ind.plot )of Rs.2.400
millions Interest on CC – at BPLR min. 10.75% p.a or at such other rates as
may be specified by the bank from time to time. |
|
Instrument
of creation of charge |
Attached |
|
Optional
attachment(s)- if any |
Attach
, supplemental deed of hypothecation. |
|
|
|
|
Corporate
identity number (CIN) or foreign company registration number of the company |
U29219DL1998PTC091781 |
|
Name
of the company |
AUTOMAT
INDUSTRIES PRIVATE LIMITED |
|
Address
of the registered office or of the principle place of businesses India of the
company |
1/421,
FRIENDS COLONY INDUSTIRIAL EASTATE, GALA NO.5, SHAHDARA, DELHI-32.Delhi INDIA |
|
This
form if for |
Modification
of change |
|
Number
of charge holder(s) |
01 |
|
Particular
of the charge holder(s) |
Bank
of India, Parliament Street, New Delhi, Delhi 11000, India. |
|
Amount
secured by the charge (In case the amount is foreign currency, rupee equivalent
to be stated) |
Rs.8.000
Millions (Rupees eighty millions only) |
|
Particulars
of the property charged(including location of the property) |
Hypothecation
of plant and machinery and stock and book debts of the company details as per
manual attachment. |
|
Charges
identification (ID) number of the charge to be modified |
90055579 |
|
Brief
description of the instrument modifying the charge under section 135 |
Supplemental
deed of hypothecation. |
|
Date
of instrument modifying the charge |
15.04.2006 |
|
Particular
of the present modification |
Total
limit stands enhanced from Rs.8.000 million to Rs.21.098 million (CC-1.5000
million(B/D), CC-stocks-1.500 million,EPC/FBN/FBP/DP-DA Rs.8.000 million
(Maximum-1.500 million and TL-I(Machinery)Rs.3.698
million and TL-II Rs.2.400 million |
|
Name of the company |
M/S AUTOMAT INDUSTRIES PRIVATE LIMITED |
|
Presented By |
BANK OF INDIA |
|
1) Date and description of instrument creating the change |
Agreement of hypothecation of plant and machinery Stocks and book debts dated 17.01.2005. |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.8.000million (Rupees eighty million only) |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of a) All tangible movable machineries and plant, both present and future whether installed or not and whether lying loose or in cases at site or in transit a short particulars of which are disclosed in part-A of the schedule-II, hereunder written or which may at any time during the continuance of this security being installed or lying loose or in case or being in or upon or about the borrower premises at Delhi or wherever else the same may be or be held by any party anywhere to the order and description of the borrower of in the course of transit to the borrower. b) All the stock of raw materials, finished goods, spare parts, components including spare parts and stores relating to plant and machinery both present and future ) and stocks in process of the borrower wherever situated at Delhi more described in part-B of schedule-II hereunder written. c) All the Borrower’s present and future Book debts, outstanding moneys, receivable claims, bills which are now due and owing or which may at any time hereafter during the continuance of this become due and owing to the borrower in course of its business by any person,firm,any or by the Government or any local or public body or authority. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The above is to secure working capital facility of Rs. 8.000 millions i.e. CC (Book Debts)of Rs.8.000 millions,Rs.8.000 millions, FBN/FBP(DP/DA 90 days) Rs.8.000 millions and IBN of Rs.4.000 millions. The exposure not exceed to Rs.8.000 millions. Interest on cc – at BPLR min.10.75% p.a Margin-40%, Interest on Export PCL -@ 6.25% upto 180 days, @ 11.25% above 181-270 days) Margin-25% Interest on FBN/FBP @6.75% upto 90 days, 11.25%above 90 days Margin-25% and interest for IBN @ 2% below BPLR i.e. 8.75% margin-25. |
|
5) Name and Address and description of the person entitled to the charge. |
Bank of India,
parliament street Branch, PIT Building , 4, Parliament street New Delhi. |
|
6) Date and brief description of instrument modifying the charge |
Nil |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Nil |
As
per Website Details
Commited to
excellence through its twin industrial and irrigation divisions, Automat
Engineering offers wide ranging facilities that include all facets of custom
made High Precision Turned Parts (Décolletage de Precision) in its Industrial
Division. Their Irrigation Division
manufactures bronze impact sprinklers, under the brand “Harit,” for the
domestic market and in the international market as “Aqua”.
Automat's
biggest strength lies in integrating knowledge, skills and resources from
different fields of engineering, to develop designer products. They are capable of designing, developing,
manufacture and delivery of high precision products of up to 10 micron
accuracy, in volumes ranging from 1 million to 10 million pieces annually.
Automat
Industries stands for quality, reliability and timely delivery of custom made
High Precision Parts on screw machines (Décolletage de Précision). More than
three decades old, Automat started as a small machine shop to manufacture
precision components for horological industry and the defense sector. Over the
years, it has grown to encompass a wide range of facilities and products in its
twin, industrial and irrigation divisions.
Not
only are their capabilities in both these categories well recognised, but they
are also the largest manufacturer of brass impact sprinklers in India.
Integrating knowledge, skills, and resources from different fields of
engineering is our forte. Innovation in product design, development,
manufacture, and delivery of precision products of up to 10 micron accuracy, in
volumes ranging from 1 million to 10 million pieces annually with minimum lead
time.
Done
on Swiss and German machines, managed and operated by a highly skilled
manpower, Automat is a dynamic and vibrant organisation that has helped many
companies reduce cost by 30 to 50 percent.
Automat
Industries was set up in 1972 to manufacture precision turned parts for
horological industries and the defence sector. As it grew in experience, major
diversifications came about. At present, its industrial divisions encompasses a
range of facilities and products, that include,
- Precision
parts for LPG Cylinder valves and regulators as per Siera and Kosan design
- Components
and sub assemblies for high quality electro-mechanical meters
- High
precision small diameter bushings for automobiles
- High
precision components for computer hardware
But that's not all. The next major
diversification came in 1996 when Automat branched out into the Irrigation
Sector starting with bronze impact sprinklers. Automat's list of irrigation
products include:
- Bronze
Impact Sprinklers
- Landscaping
Products
- Aluminium
Fittings and Accessories
- Components
of Wheel Moves Irrigation System
- Components
of Centre Pivot System.
Automat
Industries believes in:
- Being
a leader in both, its irrigation and industrial divisions.
- Integrating
knowledge, skills and resources from different fields of engineering
leading to new product design, development, manufacture and timely
delivery of precision turned parts.
- Minimise
error through rigorous quality control checks by using modern statistical
methods
- Help
companies reduce cost.
Automat
believes in taking the benefit of economics of scale to globally distribute its
products, at competitive price. To further this objective we have formed
alliances with buying agents, dealers and distributors in Europe, Middle
East, South Asia, Australia and America to service the entire
spectrum of our products.
Automat Industries
has catered to a host of customers all over the world. Some of them being:
1. Landis & Gyr -Switzerland, Greece and India.
2. Lanz Industrietechnik AG (Switzerland)
3. TTL-DZG Ltd., India (a JV between TTL, India and DZG, Germany)
4. Wade Manufacturing, USA
5. MGL Ltd. (a JV between British Gas, UK and GAIL, India)
Automat Industries also serves a large number of small enterprises/OEMs across
the world
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 records 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.46.34 |
|
UK
Pound |
1 |
Rs.84.21 |
|
Euro |
1 |
Rs.58.14 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
YES |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |