%20LIMITED%2019-May-2006_files/image002.jpg)
MIRA INFORM REPORT
|
Report Date : |
19TH May, 2006 |
IDENTIFICATION DETAILS
|
Name : |
BRASS
COPPER & ALLOY (INDIA) LIMITED |
|
|
|
|
Registered Office : |
3rd Floor, Rawal Building No.2,
418, Lamington Rd., Opp. IndusInd Bank, Mumbai - 400 004. India. |
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Country : |
India |
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|
Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
24/10/1991 |
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|
Com. Reg. No. |
11-63742 |
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|
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CIN No.: |
U67104MH1991PLC063742 |
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|
|
|
TAN No.: (Tax Deduction &
Collection Account No.) |
MUMB05900G
/ MUMBO5919E / MUMB11267E |
|
|
|
|
PAN No.: (Permanent Account No.) |
AAACB20119 |
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Legal Form : |
A
closely held public limited liability company |
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|
|
|
Line of Business : |
Manufacturer
and Exporter of HEX Brand Tinned Copper Terminals, In - Line Connectors as
per BS/DIN & other Standards, Bi - Metallic Lugs & Connectors, Ring/
Fork/ Pin/ Snap - on Terminals. Crimping Tools, Electrical Wiring Accessories,
Cable Management Products, Control Panel Accessories. |
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 80000 |
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|
|
|
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 records. Trade
relations are reported as fair. Payments are usually correct and as per
commitments. The
company can be considered normal for business details at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
3rd
Floor, Rawal Building No.2, 418, Lamington Rd., Opp. IndusInd Bank, Mumbai -
400 004. India. |
|
Tel. No.: |
91-22-6636
4800/24911222 |
|
Fax No.: |
91-22-6636
0708 |
|
Mobile : |
91-9324874745 |
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E-Mail : |
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Website : |
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Factory |
11at Vadkhamba Taluka
Kaparada Valsefd 3rd Floor Building 2 418 Laminton Road Mumbai –
396126, India |
|
Tel. No.: |
91-22-56364800/02
6333-250111-114 |
|
Fax No.: |
91-22-56360708/02
633-250566 |
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Email : |
|
|
|
|
|
Overseas Office : |
United Kingdom South Africa
West Indies
Kenya
|
DIRECTORS
|
Name : |
Mr.
Manish Harish Desai |
|
Designation : |
Director (International Operations) |
|
Address : |
11,
Jaisukh Society, 3 – Liberty Garden, Malad (West), Mumbai – 400064 |
|
Date of Birth/Age : |
3rd
July, 1965 |
|
Date of Appointment : |
24th
October, 1991 |
|
|
|
|
Name : |
Mr.
Mahesh M Mehta |
|
Designation : |
Director |
|
Address : |
107,
Shripal Nagar, Napepnsea Road, Mumbai – 400006 |
|
Date of Birth/Age : |
21st
May, 1972 |
|
Date of Appointment : |
2nd
December, 1994 |
|
|
|
|
Name : |
Mr.
Amol Pagare |
|
Designation : |
Export
Manager - U.K. and Europe |
|
|
|
|
Name : |
Mr.
Jayesh B Morakhia |
|
Designation : |
Director |
|
Address : |
86/88,
Bapukote Street, Mumbai – 400004 |
|
Date of Birth/Age : |
16th
November, 1964 |
|
Date of Appointment : |
2nd
December, 1994 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Mr. Rajesh Manharlal
Sanghvi |
124500 |
|
Mr. Manish Harish Desai |
50500 |
|
Ms. Parul Manish Desai |
75000 |
|
Mr. Jayesh Babulal Morakhia
|
50000 |
|
Ms. Chetna Jayesh Morakhai |
20000 |
|
Mr. Sanjay Ramniklal Shah |
25000 |
|
Ms. Pragna S Dadbhawla |
10000 |
|
Mr. Mahesh Mangilal Mehta |
25000 |
|
Mr. Ganpat Vatsaraj Mehta |
25000 |
|
Mr. Rikabchand Vatsaraj
Mehta |
25000 |
|
Ms. Jaya Mangilal Mehta |
10000 |
|
Ms. Urmila Rikabchand Mehta
|
10000 |
|
Ms. Varsha Babulala
Morakhiya |
25000 |
|
Ms. Anita Ganpat Mehta |
12500 |
|
Ms. Mangilal Vastraj Mehta |
12500 |
|
Total |
500000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of HEX Brand Tinned Copper Terminals, In - Line Connectors as
per BS/DIN & other Standards, Bi - Metallic Lugs & Connectors, Ring/
Fork/ Pin/ Snap - on Terminals. Crimping Tools, Electrical Wiring
Accessories, Cable Management Products, Control Panel Accessories. |
|
|
|
|
Imports from : |
Malaysia |
GENERAL INFORMATION
|
Suppliers : |
v
Agarwal Mehta Works Private
Limited v
Banco Aluminium
Limited v
Flexoplast Abrasives
India Limited v
Hind Metal Tubs v
Jain Bright Steel
Traders v
Jain Steel Industries v
Jain Steel v
Jay Bhawani Metal
Industries v
Mehta Tubes Private
Limited v
Metal Gems v
Modison Limited v
Mukesh Metals India Private
Limited v
Shri Bhagvati Bright
Bars Limited v
Salco Extrusions
Private Limited v
Shah Steel Corporation v
Ashish Enterprises v
Bharat Trading Company
v
Grow Tech Agencies v
S Mitra & Company v
Uniflex Cables Limited v
Aditya Enterprises v
Arihant International v
Laxmi Industries v
Modern Industrial
Suppliers v
Meet Industries v
Metex Copper Private
Limited v
Vikram Fastners v
Vishwakarma Metal
Industries v
Aashirwad Poly Print v
Labdhi Packers v
Oswal Packs v
Parshwa Packing v
Rakkamal Industries v
United Power |
|
|
|
|
Customers : |
v
FAO & CAO Rail
Coach v
KVK Corporation v
Saudi Electric Supply
Company v
Lucy Switchgear v
Technica De Conexiones
v
East West Trading
International v
United Electric v
T P Zagros Limited v
Jts Systems Limited v
Electro Trade v
C E L Lanka Private
Limited v
Ngan My Company Limited v
Allied Engineering v
Industrial Electricals
v
Neela Enterprises v
Quality Agencies v
B V Enterprises v
Fomra Electrical v
Jos Electricals v
Rahul Brothers v
Hasti Electrical v
Om Electrical v
V V Engineers v
Epic Lighting Private
Limited v
Gayatri Enterprises v
Divya International v
Super Impex v
Ghanshya Traders v
Kamlesh Nagar &
Company v
Ravi Trading Company v
B V Enterprises v
Fomra & Fomra v
N M Electic
Corporation v
Power Max v
Shymalal Enterprises v
Suman Electricals v
Spartan Cables v
Host International v
Paras Exports v
Ucil Synchem Private
Limited |
|
|
|
|
No. of Employees : |
170 |
|
|
|
|
Bankers : |
v
Union Bank of India v
Bank of Baroda v
State Bank of India v
Bank of India v
Valsad Dangs Gramin
Bank v
Dena Bank v
HDFC Bank v
Union Bank of India |
|
|
|
|
Facilities : |
Secured Loan Union
Bank of India – Packing Credit – Rs. 16.561 Millions Union
Bank of India – Bill Discounting – Rs. 30.345 Millions Total – Rs. 46.906 Millions Packing
credit facility and advance against Export bills sent for collection from
Union Bank of India is secured against the hypothecation of stock in trade.
Collateral security by way of equitable mortgage of gala no. 124, Malad.
Hypothecation of unencumbered plant & machinery and personal guarantees
of all the directors. |
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|
|
|
Banking Relations : |
-- |
|
|
|
|
Auditors : |
Rajiv
Sheth and Associates Chartered
Accountants |
|
Address: |
4,
Gitanjali, 1st Floor, 116 – A, Road No. 24-A, Sion (West), Mumbai
– 400022 |
|
Tel. No.: |
91-22-2407785/24078906 |
|
Fax No.: |
91-22-24023697 |
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|
|
|
Associates/Subsidiaries
: |
Hex
India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity
Shares |
Rs. 10 each |
Rs. 5.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity
Shares |
Rs. 10 each |
Rs. 5.000 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
3] Reserves & Surplus |
15.610 |
13.020 |
9.834 |
|
NETWORTH
|
20.610 |
18.020 |
14.834 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
46.906 |
18.076 |
8.453 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.800 |
|
TOTAL
BORROWING
|
46.906 |
18.076 |
9.253 |
|
|
DEFERRED TAX LIABILITIES |
3.624 |
3.319 |
3.008 |
|
|
|
|
|
|
|
TOTAL
|
71.140 |
39.415 |
27.095 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
23.408 |
19.368 |
16.492 |
|
Capital work-in-progress
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT
|
0.207 |
0.205 |
0.206 |
|
DEFERREX TAX ASSETS
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
66.089
|
33.205 |
|
|
|
Sundry Debtors
|
54.814
|
31.784 |
63.119 |
|
|
Cash & Bank Balances
|
4.587
|
2.891 |
|
|
|
Other Current Assets
|
17.001
|
10.186 |
|
|
|
Loans & Advances
|
6.487
|
5.225 |
|
Total Current Assets
|
148.978
|
83.291 |
63.119 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
96.645
|
61.902 |
52.722 |
|
|
Provisions
|
4.808
|
1.547 |
|
Total Current Liabilities
|
101.453
|
63.449 |
52.722 |
|
Net Current
Assets
|
47.525
|
19.842 |
10.397 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
71.140 |
39.415 |
27.095 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
76.697 |
48.455 |
155.096 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
2.590 |
3.187 |
2.223 |
Provision for Taxation
|
0.000 |
0.000 |
0.246 |
Profit/(Loss) After Tax
|
2.590 |
3.187 |
1.977 |
|
|
|
|
|
Export Value
|
189.501 |
113.969 |
NA |
|
|
|
|
|
Import Value
|
9.053 |
7.259 |
NA |
|
|
|
|
|
Total Expenditure
|
75.158 |
45.328 |
15287.358 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
3.37
|
6.57 |
1.274 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
3.37
|
6.57 |
1.433 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
1.50
|
3.10 |
2.785 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.12
|
0.17 |
0.149 |
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
7.19
|
4.52 |
4.177 |
|
|
|
|
|
|
Current Ratio
(Current Asset/Current
Liability) |
|
1.46
|
1.31 |
1.197 |
LOCAL AGENCY FURTHER INFORMATION
Operation
The
company had achieved a turnover of Rs. 270.795 Millions including local turnover
of Rs. 76.697 Millions and export turnover of Rs. 194.097 Millions during the
year as compared to last year where the turnover of Rs. 48.455 Millions export
turnover of Rs. 117.747 Millions and scrap sales of Rs. 0.596 Millions
Future Plans
The
management is very confident of a very bright future ahead. The company is on
the verge of concluding to induct many new products in the manufacturing
activities after careful study of the prevailing market situation on foreign
orbit. However due to is trying to increases the turnover and adopt effective
measures of cost cutting to sustain the margin of profit
Fixed Assets
v
Furniture & Fixture
v
Land
v
Factory Building
v
Plant & Machinery
v
Material Handling
v
Weighing Scale
v
Electrical Installation
v
Computer
v
Refrigerator
v
Fax Machine
v
Type Writer
v
Office Equipment
v
Xerox Machine
v
Auto Rickshaw
v
Motor Bike
Capital Subsidy
Capital
subsidy of Rs. 2.452 Millions relating to project in backward area receivable
from GSFC as per sanction letter dated 31.03.2000
Balance
of Rs. 0.287 Millions in EEFC account with Union Bank of India represent value
of Foreign Exchange
The
company is certified by ISO 9001 : 2000.
AS PER WEBSITE
Activities:
Manufacturer and Exporter of HEX Brand
Tinned Copper Terminals, In - Line Connectors as per BS/DIN & other
Standards, Bi - Metallic Lugs & Connectors, Ring/ Fork/ Pin/ Snap - on
Terminals. Crimping Tools, Electrical Wiring Accessories, Cable Management
Products, Control Panel Accessories.
Copper Bonded/ Solid Copper Earthing & Grounding Rods & Plates,
Lightning Arresters, Copper Alloy Brass, Gunmetal Clamps, Couplers, Bonds,
Earthing Accessories, Tape Clamp, Clips, Conductors, Copper Tapes, Strips,
Bushbars, Flexible Copper Braids & Laminates, Earth Bars &
Disconnecting Links Lightning Protection Systems, Arrestors.
Brass Industrial Cable Glands & Accessories, Wiping Glands, Brass Neutral
Links & Bars, Earthing Blocks, Line Taps/Split Bolts, Brass Turned &
Precision Components, Nipples, Adaptors, Sleeves, Brass, Bronze Casting.
G I Switch Socket Boxes, Conduits, Conduit Fittings, Junction Boxes, Cable
Trunkings, Din Rails, DMC Bus Bar Supports/ Insulators, Control Panel Locks,
Hinges, PVC Heat Shrinkable Sleeves, Cable Jointing Kits, Copper Wire Mesh,
Constant Force Springs, Metal Canisters, S. S. Cable Ties, Earthing Clamps.
Fasters, Ferrous, Non - Ferrous Nuts Bolts Washers, Fixing Bolts Etc.
Trade
names
|
HEX |
|
Export
Worldwide
Import
Malaysia
Kompass
product & service categories
P = Producer
D = Distributor
S = Service provider
E = Export
I = Import
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= website
link
%20LIMITED%2019-May-2006_files/image004.gif){kind=small}
= showcase
Products & services
» Other products and services
Description of the Kompass classification codes
Metals and semi-finished products for electronic and
electrical use
Non-ferrous metal semi-manufactured products
Fasteners and fixing devices, metal, industrial
Power line cable and wire fittings
Earthing equipment and components
|
Date established |
1991 |
|
Number of employees
(total in the company) |
170 |
|
Company type |
Headquarter |
|
Other locations: |
U. K. : 235 Haydons Road
London, SW19 8TY United Kingdom Phone: 004420 85406168 Fax: 004420 85407010
Contact : Mr. Dipak Patel / Mr. Hasmukh Patel.; Email : pride.1996@virgin.net |
|
Office hours |
Mon-Sat 10 Am to 6 Pm |
|
Quality
assessment: |
ISO 9001:, 2000 |
|
Members of |
EEPC, WTC, Indo German
Chamber Of Commerce |
|
Email addresses |
|
|
web link |
|
|
Turnover (2004) |
250 000 000 INR |
|
Export Revenue: (2004) |
200 000 000 INR |
|
Bank(s) |
Union Bank of India |
%20LIMITED%2019-May-2006_files/image005.gif){kind=small}
The spirit of
perseverance has served us well in the last 18 years, reason why its
manufacturing unit is one of the largest of its kind in Asia.
Its total commitment
to quality has seen Brass Copper & Alloy (I) Ltd. export to more than 74
countries around the world. Electrical Accessories, Earthing Equipments,
Lightning Protection Systems, Copper and other Ferrous & Non Ferrous Metals
are part of our product range that are sold under the HEX brand.
All products
conform to International Standards and are tested in a Names approved
laboratory in U.K., for British Standard.
Its
culture, mindset and attitude enables us to compete successfully in the world
market place. They at Brass Copper & Alloy (I) Ltd. believe that the search
for excellence is a continuous process and our achievements are purely
milestones in the long journey hose fittings.
Company Profile
Cable Glands, Cooper Cable Lugs Terminal ends , Earthing Rods Equipments &
Lightening Protection systems and all types of Ferrous and Non-Ferrous
Electrical Accessories all in-house.
State of the
art Manufacturing Unit at Vapi, Gujarat.
Vasai Factory
The manufacturing
plant, one of the largest of its kind in ASIA, is equipped to make
all our products in-house right from conversion to the final product.
Its range of
products has over the past years become synonymous with Brass and Copper
Electrical Accessories in the International markets of the Middle East,
South East Asia, Australia, U.K., U.S.A., South Africa, Europe etc. They
have been successfully exporting to 74 countries the full range.
thet sell its
Products under the Brand name of "HEX". They hope you
will join those who have discovered HEX's outstanding record and its
commitment to the value of Quality and Professional Service. The Watchword for
us is HEXECELLENCE.
- Brass
Cable Glands of Various types with related accessories.
- Tinned
Copper Cable Terminal Ends, Cable Lugs, Cable Shoes, Inline Connectors and
Links.
- Brass
Electrical Components / Fittings
- Earthing
Rods / Plates & Accessories.
- Brass
Conduit Fittings like Bushes and Adaptors.
- Crimping
Tools
- Switch
Socket Boxes.
- Split
Bolt Connectors / Line Tapes.
- Earthing
Clamps.
- Metal
Components.
- Screw
Sleeves / Connectors.
- Plumbing
& Sanitary Fittings.
- Brass
Builders Hardware's & Furniture Fittings.
- Special
Products.
- Components
to your Drawing & Specification.
Nylon
Cable Glands copper Lugs, terminal ends, copper bonded earthing rods lightining
protection system, Electrical Hardware Accessories, bathroom sanitry fittings,
hose, copper rod .
PRODUCT GUIDE
Brass Cable Glands of various types with related
accessories
Brass
Electrical Components / Fittings
Earthing
Rods / Plates & Accessories
Cable
Terminal Ends, Cable Lugs, Cable Shoes, Inline Connectors and Links
Brass
Conduit Fittings like Bushes, Adaptors
Silver
Laminated Electrical Brass / Copper Components
Split
Bolt Connectors / Line Taps
Quality Policy
Hex shall strive to delight
the customer by continuously improving the quality of its products and services
through
- Development
and involvement of employees and vendors
- Continuous
upgradation of Technology, Process and Systems
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.45.48 |
|
UK
Pound |
1 |
Rs.85.55 |
|
Euro |
1 |
Rs.57.58 |
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 |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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
|
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 |