MIRA
INFORM REPORT
|
Report Date : |
27.10.2006 |
IDENTIFICATION
DETAILS
|
Name : |
RIBBEL INTERNATIONAL LIMITED |
|
|
|
|
Registered Office : |
5A/4A, Ansari Road, Darya Gunj, New Delhi
110 002, India |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2005 |
|
|
|
|
Date of Incorporation : |
19.08.1992 |
|
|
|
|
Com. Reg. No.: |
55-50010 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1992PLC050010 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELR09236D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACR4715M
|
|
|
|
|
Legal Form : |
A closely
held public limited liability company. |
|
|
|
|
Line of Business : |
Manufacturers
and Exporters of Disposable Surgical Products such as Surgical Blades Carbon
and Stainless Steel both, Disposal Scalpels, Stitch Cutter, Skin Grafting
Knife, Blood Lancets, Post Mortem Knife, Thumb Scalpel Non-Sterile and Biopsy
Punch. It is
also engaged in manufacturing and exporting of Sterile and Non-Sterile
Surgical Blades and Disposable Scalpels both available in various sizes. They
also manufacture Stitch Cutters (Standard, Medium Long), Skin Grafting Knife
Blade, Blood Lancet, Blade Remover, Post Mortem Knife and Surgical
Instruments. |
RATING & COMMENTS
|
MIRAs 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
125000 |
|
|
|
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Usually
correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 business dealings at usual trade
terms and conditions. |
LOCATIONS
|
Registered Office / Corporate Office : |
5A/4A, Ansari Road, Darya Gunj, New Delhi
110 002, India |
|
Tel. No.: |
91-11-23264399 / 23279456 |
|
Mobile No.: |
91-9313664994 / 9313664399 91-9810269373 (Mr. Vikram Kanodia, Director) |
|
Fax No.: |
91-11-23264398 / 23844177 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
800 sq.fts. |
|
Location : |
Commercial
Rented |
|
|
|
|
Overseas
Office : |
Queens Surgical Corporation, 130-18, 90th Avenue, Richmond
Hill, NY 11418 |
|
Tel.
No.: |
1-718-849-2030 |
|
Fax
No.: |
1-718-849-2286 |
|
E-Mail
: |
|
|
|
|
|
Factory
1 : |
20th
Mile Jatheri Road, P. O. Rai Sonepat, Haryana, India |
|
Tel.
No.: |
91-130-2368060
/ 2368063 / 2368080 |
|
Fax
No.: |
91-130-2368061 |
|
Area : |
1,72,223
sq.fts. |
|
Location : |
Industrial
Owned |
|
|
|
|
Branches
: |
Located at :- P. O. Box No.7150, IPHO, New Delhi 110 002 |
DIRECTORS
|
Name : |
Mr.
Rajendra Kumar Kanodia |
|
Designation : |
Director |
|
Address : |
4/2, Roop Nagar, Delhi 110 007 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
19.08.1992 |
|
Other Directorships : |
Kanodia Hosiery Mills Private Limited,
India |
|
|
|
|
Name : |
Mr.
Vinay Kanodia |
|
Designation : |
Director
|
|
Address : |
4/2, Roop Nagar, Delhi 110 007 |
|
Date of Casing : |
14.08.1999 |
|
Date of Appointment : |
19.08.1992 |
|
|
|
|
Name : |
Mr.
Ajay Kanodia |
|
Designation : |
Director
|
|
Address : |
4/2, Roop Nagar, Delhi 110 007 |
|
Date of Casing : |
14.08.1999 |
|
Date of Appointment : |
19.08.1992 |
|
|
|
|
Name : |
Mr.
Arun Gupta |
|
Designation : |
Director
|
|
Address : |
Inden
Birken, 152 S, 5600 Wuppertally I, Germany |
|
Date of Casing : |
14.08.1999 |
|
Date of Appointment : |
10.01.1994 |
|
|
|
|
Name : |
Mrs.
Liva Gupta |
|
Designation : |
Director
|
|
Address : |
Inden
Birken, 152 S, 5600 Wuppertally I, Germany |
|
Date of Casing : |
14.08.1999 |
|
Date of Appointment : |
10.01.1994 |
|
|
|
|
Name
: |
Ms.
Suman Kanodia |
|
Designation
: |
Director
|
|
Address
: |
4/2, Roop Nagar, Delhi 110 007 |
|
Date
of Appointment : |
14.08.1999 |
|
|
|
|
Name
: |
Mr.
Vikram Kanodia |
|
Designation
: |
Director |
|
Address
: |
4/2, Roop Nagar, Delhi 110 007 |
|
Date
of Appointment : |
14.08.1999 |
|
|
|
|
Name
: |
Mr.
Avinash Kanodia |
|
Designation
: |
Director |
|
Address
: |
4/2, Roop Nagar, Delhi 110 007 |
|
Date
of Appointment : |
02.06.2000 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
|
No. of Shares |
|
Ms.
Shanti Devi Kanodia |
|
10 |
|
Mr.
Rajender Kanodia |
|
6300 |
|
Mr.
Suman Kanodia |
|
6910 |
|
Mr.
Vikram Kanodia |
|
4400 |
|
Mr.
Avnish Kanodia |
|
4500 |
|
R. K.
Kanodia & Sons (HUF) |
|
250 |
|
Kauka
Kanodia |
|
200 |
|
Yadu
Mandan Garg |
|
170 |
|
Total
|
|
22740 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
and Exporters of Disposable Surgical Products such as Surgical Blades Carbon
and Stainless Steel both, Disposal Scalpels, Stitch Cutter, Skin Grafting
Knife, Blood Lancets, Post Mortem Knife, Thumb Scalpel Non-Sterile and Biopsy
Punch. It is
also engaged in manufacturing and exporting of Sterile and Non-Sterile
Surgical Blades and Disposable Scalpels both available in various sizes. They
also manufacture Stitch Cutters (Standard, Medium Long), Skin Grafting Knife
Blade, Blood Lancet, Blade Remover, Post Mortem Knife and Surgical
Instruments. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
RIBBEL |
|
|
|
|
Exports to : |
Argentina,
Brazil, Canada, Germany, Holland, Italy, Mexico, Middle East, Portugal, South
Korea, Malaysia, Singapore, New Zealand, Vietnam, Moscow, Sri Lanka, Turkey,
Argentina, Russia, South East Asia, USA, UK, etc. |
|
|
|
|
Imports from : |
Germany,
Sweden, Switzerland & U.K. |
PRODUCTION
STATUS
|
Particulars |
Unit
|
Installed Capacity |
Actual Production |
|
Surgical
Blades |
Million per annum |
48.50 |
28.03 |
GENERAL
INFORMATION
|
Suppliers : |
v
The
Leader Pack, Portugal v
A.
B. Sandvik, SE-811 81 Sanviken, Sweden v
Kaltband
Ag, Cold Rolling Mill, CH-5734 Reinach, Switzerland v
Branopack
GmbH, Industriestrasse 5-7, 65760 Eschbotn, Germany v
Tata
SSL Limited, 307, Vikram Tower, Rajendra Place, New Delhi-110008 v
The
Klamer Group Inc, Japan v
Orient
Abrasivs Limited, India v
Sterling
Abrasive Limited, India |
||||||||
|
|
|
||||||||
|
Customers : |
v
Kapish
Enterprises, Patna, India v
PMH
Product, Portugal v
Znc
Inc, U.S.A. v
Ugur
Medical, Turkey |
||||||||
|
|
|
||||||||
|
No. of Employees : |
200 |
||||||||
|
|
|
||||||||
|
Bankers : |
26/3, East Patel Nagar, New Delhi
110008, Delhi, India |
||||||||
|
|
|
||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors : |
Gopal
Mittal & Associates Chartered
Accountants 301-302,
3rd Floor, 79 Shyam Lal Marg, Daryaganj, New Delhi |
|
Tel. No.: |
91-11-23282206
/ 23285390 |
|
|
|
|
Associates/Subsidiaries : |
Ψ
Kanodia
Flour Mills Private Limited Ψ
Shanti
Paper and Machines Private Limited |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
1,00,000 |
Equity Shares |
Rs. 100/-
each |
Rs. 10.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
22,740 |
Equity Shares |
Rs. 100/-
each |
Rs. 2.274 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 |
2.274 |
2.274 |
2.274 |
|
|
2] Share Application Money |
0.736 |
0.736 |
0.736 |
|
|
3] Reserves & Surplus |
30.662 |
29.138 |
24.431 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
33.672 |
32.148 |
27.441 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
13.377 |
12.470 |
7.478 |
|
|
2] Unsecured Loans |
2.584 |
2.384 |
2.589 |
|
|
TOTAL BORROWING |
15.961 |
14.854 |
10.067 |
|
|
DEFERRED TAX LIABILITIES |
2.664 |
2.180 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
52.297 |
49.182 |
37.508 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
29.351 |
19.941 |
14.705 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.292 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
15.577
|
11.942 |
10.651 |
|
|
Sundry Debtors |
11.933
|
13.744 |
12.256 |
|
|
Cash & Bank Balances |
1.982
|
3.954 |
6.415 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
4.472
|
6.907 |
2.783 |
|
Total Current Assets |
33.964
|
36.547 |
32.105 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
11.018
|
7.306 |
9.599 |
|
|
Provisions |
|
|
|
|
Total Current Liabilities |
11.018
|
7.306 |
9.599 |
|
|
Net Current Assets |
22.946
|
29.241 |
22.506 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.005 |
|
|
|
|
|
|
|
|
TOTAL |
52.297 |
49.182 |
37.508 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
Sales Turnover [including other income] |
59.289 |
53.664 |
47.630 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
2.016 |
5.860 |
5.131 |
|
Provision
for Taxation |
0.484 |
1.184 |
0.861 |
|
Profit/(Loss)
After Tax |
1.532 |
4.676 |
4.270 |
|
|
|
|
|
|
Export
Value |
49.030 |
41.455 |
41.427 |
|
|
|
|
|
|
Import
Value |
6.570 |
4.473 |
5.634 |
|
|
|
|
|
|
Total
Expenditure |
57.273 |
47.804 |
42.499 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
PAT / Total Income |
(%) |
2.58
|
8.71 |
8.96 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
3.40
|
10.92 |
10.77 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
3.18
|
10.37 |
10.96 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.18 |
0.19 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
0.80
|
0.69 |
0.72 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
3.08
|
5.00 |
3.34 |
LOCAL AGENCY
FURTHER INFORMATION
History
Subject
has been accredited by ISO 9001 certification by DNV (Det Norske Veritas) of
Rotterdam, Holland EN 46002 certification and allowed to use the CE mark on
products certified by DNV (Det Norske Veritas) Norway, under the medical device
directive 93/42/EEC, the products are also registered with FDA in USA, BIS in
India, MOH in Russia and TGA in Australia.
Fixed
Assets
Ψ
Land
Ψ
Building
Ψ
Plant
and Machinery
Ψ
Die
and Tools
Ψ
Electrical
Goods
Ψ
Furniture
Ψ
Office
Equipments
Ψ
Vehicles
Ψ
Computer
Ψ
UPS
Ψ
Neon
Sign Boards
Ψ
Water
Tank
Ψ
Generator
Ψ
Cellular
Phone
Ψ
Road
Ψ
Room
A. C.
Ψ
Refrigerator
Ψ
Split
A. C.
Ψ
Georgia
Vending
Ψ Hydraulic Pallet
Ψ CC TV
Commercial
Activities
During
the year 2004-05 the total turnover was amounting to Rs. 56.753 millions which
includes Rs. 48.690 millions export out of India. The profit and loss accounts
shows a Net Profit of Rs. 2.118 millions after charging depreciation of Rs.
1.757 millions.
Profile
Ribbel International Limited is an ISO 9001 certified company
manufacturing a wide range of disposable surgical products using high quality
raw materials and state of the art manufacturing process, under a stringent
quality control and sterile environment. Since their product plays a critical
role in the demanding field of surgery, their primary objective is to
manufacture products that meet strictest hygienic standards. As an affirmation
of their standards, surgeons is more than 85 countries world wide, including
Argentina, Brazil, Canada, Germany, Holland, Italy, Mexico, Middle East,
Portugal, Russia, South East Asia, U.S.A, U.K, with great trust, are using
Ribbel's blades
The Ribbel product portfolio includes surgical blades made of high
carbon steel and fine stainless steel, disposable scalpels, thump scalpels,
stitch, cutters, post-mortem knives, skin graft blades, blood lancets, blade
removers, disposable biopsy punch, other disposable & surgical instruments.
These are made with Swiss Carbon Steel, Stainless Steel from Sweden & other
raw materials from Germany & U.K. Their products are sterilized by Gamma
Radiation at a minimum dosage of 2.5 m. Rads or 25 KGy, with sterility
guaranteed for 5 years, as long as the packing remains unbroken.
All Ribbel standard fitting surgical blades and scalpels are produced in
accordance with BS 2982 1992 / ISO 7740 1985 / EN 27740 1992. They have been
accredited by ISO 13485 and are allowed to use the CE mark on their products,
under the Medical Device Directive 93 / 42 EEC. They have IOS 9001 certification
by DNV ( Det Norske Veritas) Norway. Their products are also registered in USA,
BIS in India, MOH in Russia and TGA in Australia.
Ribbel has made a significant contribution by providing excellent
services to the fraternity of Medice which is the most demanding environment.
Entrusted with the confidence od the eminent Surgeons, who have dedicated their
lives to nurture mankind, they have undoubtedly become the leading market
players in the industry. Their products are trustworthy and have been grounded
on the substratum of invaluable inputs made by the team of scientists that
Research & Development professional's endeavor extensive expertise with
latest technology to build the surgeon faith, safety and demand worldwide.
Awards & Achievements
Subject
is accredited with an ISO 9002, certified by DNV (Det Norske Veritas)
Rotterdam, Holland. The CE Marking on all its surgical blades is certified by
DNV (Det Norske Veritas), Norway. With such credentials, the companys surgical
blades have earned the trust of surgeons, worldwide. The company within a short
span of time has developed an entire range of new products, i.e., blood
lancets, skin grafting blades, blade removers, and post-mortem knife blades.
All set to expand its horizons further, the company is looking towards
developing industrial blades, in addition to surgical blades.
Form 8 Particular for creation or modification of
charges
|
Corporation identity number or foreign company registrations number of the company |
U74899DL1992PLC050010 |
|
Name of the company |
RIBBEL INTERNATIONAL LIMITED |
|
Address |
5A/4A, Ansari Road, Darya Gunj, New Delhi
110 002, India |
|
This Form is for |
Creation of charge |
|
Type of Charges |
Hypothecation |
|
Particular of the charge holder |
Union
Bank of India 26/3, East Patel Nagar, New
Delhi 110008, Delhi, India Email : webmaster@unionbankofindia.com |
|
Nature or description of the instrument creating charge |
Term loan agreement hypothecation of movable [SD 19] |
|
Date of the instrument creating charge |
07.08.2006 |
|
Amount Secure by the charge |
Rs. 28.500 Millions |
|
Brief of the principal terms and conditions and extent and operation of the charge |
All those existing an future machinery / plant / vehicles / capital goods / assets / craft and all those assets / movable properties capable of passing by delivery, whether installed or not and whether now lying loose or in cases at the borrower site at Plot No. 10 % 11, Sector 6 B, Sidcul, Ranipur, Haridwar with the interest @ 1% below BPLR and with the margin @ 33 % against the hypothecation of plant and machinery, factory land and building. |
|
Description of the property charge whether it is a charge on |
Immovable Properties and Plant and Machinery |
|
Particulars of the Property charged |
Flat No 4/2 at 1st Floor, Roop Nagar, Sh. Rajinder Kumar Kanodia Plot No. 10 & 11, Sector, SIDCUL, Ranipur, Haridwar, Ribbel International Limited Plant and Machinery Unit I, At Soneat Ribbel International Limited Property no Khasta No. 16-24, 25, 25/2, 30-4/1/2 % 5/1, Snepat Industrial Area, Sonepat Haryana India The name of Modern Straw Mills Private Limited |
|
|
|
|
Corporation identity number or foreign company registrations number of the company |
U74899DL1992PLC050010 |
|
Name of the company |
RIBBEL INTERNATIONAL LIMITED |
|
Address |
5A/4A, Ansari Road, Darya Gunj, New Delhi
110 002, India |
|
This Form is for |
Creation of charge |
|
Type of Charges |
Hypothecation |
|
Particular of the charge holder |
Union
Bank of India 26/3, East Patel Nagar, New
Delhi 110008, Delhi, India Email : webmaster@unionbankofindia.com |
|
Nature or description of the instrument creating charge |
Term loan agreement hypothecation of movable [SD 19] |
|
Date of the instrument creating charge |
07.08.2006 |
|
Amount Secure by the charge |
Rs. 10.000 Millions |
|
Brief of the principal terms and conditions and extent and operation of the charge |
FDBP / FUDBP [L/C and / or order] 120 days DA against the goods covered by bills with the interest @ Usual for PCL and with the margin Nil. |
|
Description of the property charge whether it is a charge on |
Others |
|
Particulars of the Property charged |
Flat No 4/2 at 1st Floor, Roop Nagar, Sh. Rajinder Kumar Kanodia Plot No. 10 & 11, Sector, SIDCUL, Ranipur, Haridwar, Ribbel International Limited Plant and Machinery Unit I, At Soneat Ribbel International Limited Property no Khasta No. 16-24, 25, 25/2, 30-4/1/2 % 5/1, Snepat Industrial Area, Sonepat Haryana India The name of Modern Straw Mills Private Limited |
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 Intl 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
companys 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.44.84 |
|
UK
Pound |
1 |
Rs.85.55 |
|
Euro |
1 |
Rs.57.28 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
This score serves as a reference to assess SCs 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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|