MIRA
INFORM REPORT
|
Report Date : |
30th
May, 2006. |
IDENTIFICATION
DETAILS
|
Name : |
HYDROMECH
AUTOMATION PRIVATE LIMITED |
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Registered Office : |
1-6
Disdc Complex, Nangloi, New Delhi – 110 041, India |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
13.08.1985 |
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Com. Reg. No.: |
55-21770 |
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CIN No.: [Company
Identification No.] |
U74899DL1985PTC021770 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELH01779B |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Designers,
Consultants, Manufacturer & Suppliers of Hydraulic Valves, Pumps,
Pneumatic Valves, Cylinder and Presses / Power Packs |
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
5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established small company
having satisfactory track. Trade relations are fair. Payments are usually
correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and terms and conditions. |
LOCATIONS
|
Registered Office : |
1-6
D.S.I.D.C Complex, Nangloi, New Delhi
– 110 041, India |
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Tel. No.: |
91-11-25474563 |
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Head Office: |
WZ -
3158 – A, Mahindra Park, Rani Bagh, Delhi – 110 034. |
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Tel. No.: |
91-11-20083198 |
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Mobile No.: |
91-9311777740/
9311777741 |
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Fax No.: |
91-11-27014283 |
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Factory: |
Paota,
NH – 8, Jaipur, Rajasthan |
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Fax No.: |
91-1421-243418 |
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Email: |
DIRECTORS
|
Name : |
Mr.
Dheer Singh Tanwar |
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Designation : |
Director |
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Address : |
3158 –
A, Mahindra Park, Shakur Basti,Delhi – 110 034. |
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Date of Appointment : |
13.08.1985 |
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|
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Name : |
Mrs.
Sunita Rani |
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Designation : |
Director |
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Address : |
3158 –
A, Mahindra Park, Shakur Basti,Delhi – 110 034. |
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Date of Appointment : |
01.04.1996 |
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Name : |
Mr. R.
N. Sharma |
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Designation : |
Director |
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Address : |
44,
Nalanda Apartments, Vikas Puri, New Delhi. |
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Date of Appointment : |
01.10.1996 |
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Name : |
Mr.
Virender Singh Tanwar |
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Designation : |
Director |
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Address : |
WZ -
3158 – A, Mahindra Park, Shakur Basti,Delhi – 110 034. |
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Date of Appointment : |
03.08.1998 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Dheer
Singh Tanwar |
181 |
|
Praveen
Gupta |
10 |
|
Supyar
Devi |
400 |
|
Sunita
Rani |
1250 |
|
Virender
Singh Tanwar |
1250 |
BUSINESS DETAILS
|
Line of Business : |
Designers,
Consultants, Manufacturer & Suppliers of Hydraulic Valves, Pumps,
Pneumatic Valves, Cylinder and Presses / Power Packs |
PRODUCTION
STATUS
|
Particulars |
Unit |
Actual Production |
|
Hydraulic
Equipment |
No. |
41 |
|
Mechanical
Equipment |
No. |
13 |
GENERAL
INFORMATION
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Bankers : |
The
Bank of Rajasthan Ltd |
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Facilities : |
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Banking Relations : |
Satisfactory |
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Auditors : |
Arun Dua & Company |
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Qualification |
Charted
Accountant |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
5000 |
Equity
Shares |
Rs. 100/- each |
Rs. 0.500 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
4820 |
Equity
Shares |
Rs. 100/- each |
Rs. 0.482 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
0.482 |
0.482 |
0.482 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.313 |
0.258 |
0.203 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
0.795 |
0.740 |
0.685 |
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LOAN FUNDS |
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1] Secured Loans |
0.748 |
0.621 |
0.460 |
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2] Unsecured Loans |
1.541 |
1.153 |
0.616 |
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TOTAL BORROWING |
2.289 |
1.774 |
1.076 |
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DEFERRED TAX LIABILITIES |
0.010 |
0.007 |
0.006 |
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TOTAL |
3.094 |
2.521 |
1.767 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.720 |
0.074 |
0.181 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1.982
|
1.386 |
1.829 |
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Sundry Debtors |
1.452
|
1.060 |
1.591 |
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Cash & Bank Balances |
0.326
|
0.699 |
0.305 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
1.684
|
1.719 |
0.847 |
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Total Current Assets |
5.444
|
4.864 |
4.572 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
3.070
|
2.417 |
2.986 |
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Provisions |
0.000
|
0.000 |
0.000 |
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Total Current Liabilities |
3.070
|
2.417 |
2.986 |
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Net Current Assets |
2.374
|
2.447 |
1.586 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
3.094 |
2.521 |
1.767 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover [including other income] |
7.866 |
4.557 |
4.948 |
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Profit/(Loss)
Before Tax |
0.090 |
0.087 |
0.052 |
|
Provision
for Taxation |
0.031 |
0.031 |
0.023 |
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Profit/(Loss)
After Tax |
0.059 |
0.056 |
0.029 |
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Total
Expenditure |
7.775 |
4.469 |
4.896 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
PAT / Total Income |
(%) |
0.75
|
1.23 |
0.59 |
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Net
Profit Margin (PBT/Sales) |
(%) |
1.14
|
1.91 |
1.05 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
1.46
|
1.76 |
1.09 |
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Return
on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.12 |
0.08 |
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Debt
Equity Ratio (Total
Liability/Networth) |
|
6.74
|
5.66 |
5.93 |
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Current
Ratio (Current
Asset/Current Liability) |
|
1.77
|
2.01 |
1.53 |
LOCAL AGENCY
FURTHER INFORMATION
Fixed
Assets:
Furniture
& Fixtures, Machinery, Scooter, Car, Fax Machine, Generator, Cycle, Mobile
Phone, Computer etc.
Operations:
During the year the company has made sales to the tune of Rs. 7.919 Millions. The company has also earned a sum of Rs. 0.131 Millions by way of Labour Income. The company expects better position in the forthcoming years.
AS
PER WEBSITE:
AN
INTRODUCTION
They have developed their core competence in the manufacturing and exporting of
rubber moulding hydraulic press and machinery, rubber moulding, metal working
press for deep drawing, bending and straightening. They have maintained their
front-runner position in the industry with the help of their rich experience
and vast knowledge. Their pro-active services and cutting edge technology are
pivotal in manufacturing customized products. Their commitment to continuous
quality improvement is apparent in every aspect of their products, services,
and customer support, which has helped us in winning over the trust of their
clients.
THEIR
PRODUCT LINE
With a passion for excellence and a penchant for innovation, they offer a range
of exemplary products that have set a benchmark. Their products are
manufactured in a stringent manner, with quality as the nucleus of the entire
production process. They have a competent infrastructure, well enabled with
modern machines to take care of all the specifications of the bulk orders.
They unveil their splendid range of products, which are engineered to suit the
requirements. Their product range includes:-
- Rubber Moulding Press
- Rubber Moulding Hydraulic Press
- Hydraulic Metal Working Deep Draw Press
- Hydraulic Bakelite / Plywood Press
- Hydraulic Broaching / Baling Press
- Hydraulic Press Brake
- Hydraulic Special Purpose Machines for SS Sink, LPG cylinder, tile,
leather and auto industry
- Hydraulic Forging Plant
Rubber Injection
Moulding Press - RIM Series
Their products with their distinct features have enabled us to scale industrial heights and consolidate ourselves as a preferred name to do business with. Their products are the outcome of extensive research and carefully monitored manufacturing process
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HMA Rubber Moulding
Hydraulic Press-'RC' Series
- Model RCD 1S2 -
Singh day light two station
- Model RCD 2S2 -
Double day light two station
|
HMA Model No |
RAM Stroke (mm) |
Platen Size (mmxmm) |
RAM Dia. (mm) |
RAM Stroke (mm) |
Day Light (mm) |
Mode of Heating |
Working Height (mm) |
Speed (mm/sc) |
Motor (H.P.) |
||||
|
Oil |
Steam |
Electric |
Approach |
Pressing |
Return |
||||||||
|
RCD1S2-40 RCD2S2-75 |
40 |
250x250 |
150 |
200 |
350 |
O |
S |
E |
750 |
25 |
04 |
35 |
2 |
|
RCD1S2-75 RCD2S2-75 |
75 |
300x300 |
200 |
200 |
350 |
O |
S |
E |
750 |
25 |
2.5 |
35 |
2 |
|
RCD1S2-100 RCD2S2-100 |
100 |
350x350 |
230 |
230 |
350 |
O |
S |
E |
750 |
25 |
02 |
35 |
35 |
|
RCD1S2-120 RCD2S2-120 |
120 |
400x400 |
250 |
250 |
400 |
O |
S |
E |
750 |
25 |
2.5 |
35 |
3 |
|
RCD1S2-150 RCD2S2-150 |
150 |
450x450 |
300 |
300 |
400 |
O |
S |
E |
750 |
25 |
1.5 |
35 |
3 |
|
RCD1S2-200 RCD2S2-200 |
200 |
500x550 |
350 |
300 |
400 |
O |
S |
E |
750 |
25 |
02 |
35 |
5 |
|
RCD1S2-250 RCD2S2-250 |
250 |
600x600 |
400 |
350 |
500 |
O |
S |
E |
750 |
25 |
1.5 |
35 |
5 |
|
RCD1S2-300 RCD2S2-300 |
300 |
700x700 |
450 |
350 |
500 |
O |
S |
E |
750 |
25 |
1.25 |
35 |
5 |
Their EXCELLENCE
Being a quality conscious company, their principal aim is to offer premium
quality products to their clients. They have met the expectations of their
clients through specialized designs, with latest trend like PLC
(microprocessor) servo and proportional controls and cartridge valve to achieve
high quality standards. Quality is cautiously nurtured at every stage of
manufacturing process. From conception to final delivery, every product
undergoes several quality tests. Their team of experts maintains a strict vigil
on the manufacturing process to ensure that all the products are flawless.
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.46.19 |
|
UK
Pound |
1 |
Rs.86.51 |
|
Euro |
1 |
Rs.59.32 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |