MIRA
INFORM REPORT
|
Report Date : |
04.11.2006 |
IDENTIFICATION
DETAILS
|
Name : |
VIBGYOR
NET – CONNECTIONS PRIVATE LIMITED |
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Registered Office : |
No.
10, 100 Feet Main Ring Road, BTM Layout, 1st Stage, Bangalore –
560068, Karnataka |
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Country : |
India |
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Financials (as on) : |
Nil |
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Date of Incorporation : |
26.09.2006 |
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Com. Reg. No.: |
08-40624 |
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CIN No.: [Company
Identification No.] |
U72200KA2006PTC040624 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Distributor
of Network Cabling – Panduit International Corporation, Remote Management
Solutions – Avocent Corporation, Network Monitoring Tools – Fluke Networks
and Recking Solutions – APW and Valrack
|
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 : |
Unknown
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Litigation : |
Clear |
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Comments : |
Subject
is a new company and has yet to establish track. Initially,
it can be considered for any normal business dealings on safe and secured
trade terms and conditions. |
LOCATIONS
|
Registered/Head Office : |
No.
10, 100 Feet Main Ring Road, BTM Layout, 1st Stage, Bangalore –
560068, Karnataka |
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Tel. No.: |
91-80-41202223 |
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Fax No.: |
91-80-41201515 |
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E-Mail : |
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Website : |
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Location : |
Rented
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Office
: |
# 24,
Rani Arcade, 2nd Floor, 1st Avenue, Ashok Nagar,
Chennai – 600083 |
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Tel.
No.: |
91-44-23712009 |
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E-Mail
: |
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|
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Office
: |
17480,
Dallas Parkway, Suilt 114, Dallas, TX – 75287, USA |
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Tel.
No.: |
1-972-4079921 |
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E-Mail
: |
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Branches
: |
6100
Neil Road, Suite 500, Reno, Nevada – 89511, USA |
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Tel.
No.: |
1-972-4076060 |
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Fax
No.: |
1-214-7221349 |
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E-Mail
: |
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Location : |
Rented |
DIRECTORS
|
Name : |
Mr.
Manoj B Nair |
|
Designation : |
Director
|
|
Address : |
No.
202, Premier Villa, Pilliah Reddy Layout, Murgesh Palya, Bangalore – 560017, Karnataka
|
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Date of Birth/Age : |
24.04.1965 |
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Qualification |
B.
Tech |
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Experience |
20
Years |
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Mobile No.: |
91-9845064756 |
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E-Mail
: |
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Pan. No. |
AAMPN5908L |
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|
|
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Name : |
Mr.
Sidambaram mahalingam |
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Designation : |
Director
|
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Address : |
7,
Varppukannara Street, Madurai – 625001 |
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Date of Birth/Age : |
27.05.1927 |
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Qualification |
BA |
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Experience |
60
Years |
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Pan. No. |
AFBPM7237B |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr.
Manoj B Nair |
50000 |
|
Mr. Sidambaram
mahalingam |
50000 |
BUSINESS DETAILS
|
Line of Business : |
Distributor
of Network Cabling – Panduit International Corporation, Remote Management
Solutions – Avocent Corporation, Network Monitoring Tools – Fluke Networks
and Recking Solutions – APW and Valrack
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Terms : |
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Selling : |
Credit
(30 days) |
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Purchasing : |
L/C |
GENERAL
INFORMATION
|
Customers : |
Retailers
and End Users v
Cisco
Systems v
Texas
Instrument v
Infosys
v
Intel v
Oracle
v
Philips
v
Perotsystems
v
Mcafee v
Polaris v
Google
v
ABB
|
|
|
|
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No. of Employees : |
10 |
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|
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Bankers : |
Corporation
Bank, BTM Layout, Bangalore – 560068, Karnataka |
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Facilities : |
-- |
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Banking Relations : |
Unknown
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Auditors : |
Rajagopal
& Badri Narayan Associates Chartered
Accountant |
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Address: |
No.
25, Padmashree Mansions, 2nd Floor, 1st Floor, Sampige
Road, Malleswaram, Bangalore - 03 |
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Tel. No.: |
91-80-23310811 |
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Fax No.: |
91-80-23313666 |
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|
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Associates/Subsidiaries : |
Vibgyor
Systems Private Limited 215/A,
Ramkuteer, 1st Floor, 2nd Main, 7th Cross,
Indiranagar, Bangalore – 560038 Line
of Business – Distribution |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
200000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 2.000 Millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
100000 |
Equity
Shares |
Rs. 10/- Each |
Rs. 1.000 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
As the
subject is a new company, no financials are available
Management
assured to provide more details; Mr. Manoj Nair is in Singapore at present
LOCAL AGENCY
FURTHER INFORMATION
To carry
on the business in India or elsewhere of buying, selling, marketing of
hardware, software and electronic goods of all descriptions for educational,
engineering and domestic purposes, particularly cabinets, racks and bar –
coding, development of software, development in areas of systems software
application, software for application in telecommunication, computer, banking
and other areas.
Trade
References
Panduit
Intl Corporation
1st
Floor, GEM Plaza, Infantry Road, Bangalore
Mr.
Sreelal
Mobile –
91-9845069567
Tel. No.
91-80-25321079/80
Motorola
India Electronic Private Limited
Bagmane
Tech Park, 66/1, Plot No. 05,
C V
Raman Nagar, Bangalore – 560093
Tel. No.
91-80-26010000
Fax. No.
91-80-25343366
Network
Solutions Private Limited
32,
Grape Garden, 6th Block, 17th ‘H’ Main Road,
Koramangala,
Bangalore – 560095
Tel. No.
91-80-25508365/25535228
Fax. No.
91-80-25520949/25523379
Mr.
Prasanna
Mobile
No. 91-9845271789
Avocent
India
10, Jai
Plaza II, 80 Ft Road, 1st Block,
Koramangala,
Bangalore – 560095
Tel. No.
91-80-41217801
Fax. No.
91-80-41217802
Mr.
Floyd Britto
Mobile.:
91-9343828428
As per
Website Details
Incorporated in 1997, Vibgyor is a leading
service provider in the IT Industry with end-to-end solutions for all the
Networking needs of the IT Industry. Headquartered in Bangalore, they have
branches in Chennai and Hyderabad and a channel of over 125 Network System
Integrators to serve the entire South Indian market.
They also operate from their branch office in Dallas, TX (USA) to serve their
Global Clients.
Apart from top quality, best-in-class products and solutions, their key
differentiator is their commitment to building lasting relationship with
partners. Based on the trust and mutual respect for each individual?s
professionalism, they constantly improve on their seamless work ethic. In a
world that is increasingly fragmented, their working philosophy comes as a
refreshing change. A philosophy of building relationships with everyone they
are associated with; their principles, system integrator partners, installer
partners, reseller partners, valued patrons and clients and most importantly,
building relationship with technology itself. In the final analysis, this is
the bedrock upon which they have grown and will continue to grow, by building
relationship.
Manoj Nair, a Graduate from IIT Kanpur
promoted Vibgyor in the year 1997 to provide the necessary support to the IT
Industry with the required Hardware Technologies. He has served as the National
President of Round Table India, a renowned NGO providing education for half a
million underprivileged children. He has been the main driving force behind the
company? existence. His energy, enthusiasm and drive have been the main reason
for the growth of the company. He has been personally heading the sales
/marketing operations in the company & has managed the relationships with
clients, partners & principals.
Vibgyor Systems was promoted in 1997 as a premier organization focused on the distribution of various computer networking products and solutions. They are the exclusive authorized distributors for M/s. Panduit International Corporation, USA and M/s. Avocent Corp, USA. Besides, they are also the Authorized Dealers for APW, Valrack, and Fluke Networks.
Promoted by a team of hardcore and experienced personals from the IT industry,
the organization which took birth as Vibgyor Marketing, in the later half of
the year 2000 was incorporated as Vibgyor Systems Private. Limited. They are
based at Bangalore, the IT capital of India with branches in Chennai and
Hyderabad in India and Dallas, TX (USA) overseas.
October 2006 Vibgyor Systems partnered with Novel Team, a US based corporation
to strengthen the services by combining the Hardware Technology expertise of
Vibgyor and Software Technology expertise of Novel Team, with a vision to
contribute to the booming Indian Economy with a new phase and name ?Vibgyor
Net-Connections?
Their Vision : ?To be a world-class supplier of IT products and services that help their clients make gobs of money.?
Their Mission : "To stand above the competition by providing their customers with exceptional services, quality products and unparalleled customer support."
They stand far ahead of their competitors due to:
v Customer Orientation that champions the customer's point-of-view.
v Industry and market domain expertise.
v High-end quality products and solutions.
v Seamless operations strategy that integrates technology & business goals.
v Well-honed, best-in-class business process improvement practices.
v Continuous learning in established and emerging technologies.
v Skilled and trained manpower.
v Quality Assurance.
Panduit :
They are TIER-I Distributor of Panduit International Corp (USA) products, a
leading manufacturer of high-quality products for wiring and communication
applications. They have been associated with Panduit since its evolution in the
Indian Market and have been the sole promoter of Panduit quality products in
India, which is the base for the strong relationship they have with Panduit
International Corp.
Avocent:
They are a TIER-I Distributor for Avocent Corp (USA) Products & Solutions.
Avocent leads the market with connectivity and manageability solutions that
centralize control of not only servers, but also network devices in multiple
locations. IT Management solutions are available for the data center and branch
locations.
Avocent?s IP-based manageability systems eliminate distance limitations and
provide 24/7 access and control of the data center. Avocent centralized
management software allows IT administrators to sit at a single console and
have secure, local and remote control of multiple servers, serial devices, IPMI
proxy appliances and power management systems.
Fluke:
They are an ESV (Enterprise Super Vision) & ISV (Infrastructure Super
Vision) Solutions partners for Fluke Networks, USA. Fluke Networks provides
innovative solutions for the testing, monitoring and analysis of enterprise
networks. Fluke Networks? comprehensive line of Network Super Vision Solutions
provide network installers, owners, and maintainers with superior vision,
combining speed, accuracy and ease of use to optimize network performance.
LAN/WAN Analysis and Monitoring: Distributed
Solutions
Enterprise Performance Center
Enterprise Performance
Center provides an integrated view of end-to-end performance monitoring,
traffic analysis and device performance. Enterprise Performance Center provides
fast visibility into the worst performing networks, applications, servers, and
infrastructure devices with role-specific views that allow the entire IT team
to collaborate in delivering improved performance to the business.
OptiView Link Analyzer
OptiView Link Analyzer
provides comprehensive visibility for network and application performance
troubleshooting on Ethernet networks, all in an ASIC architecture for real-time
monitoring and packet capture up to line rate Gigabit speeds. Link Analyzer is
rack mountable and provides 10/100 and full duplex Gigabit Ethernet network
monitoring and troubleshooting.
SuperAgent
SuperAgent is the first stop
to monitor, baseline, and troubleshoot application performance. It provides
detailed insight into the end-user experience throughout the enterprise for any
TCP-based application–without the use of distributed agents or network probes.
SuperAgent isolates the source of the problem–whether it is network,
application, or server related.
ReporterAnalyzer
ReporterAnalyzer is an
analysis engine that illustrates how application traffic is impacting network
performance. Gathering Cisco NetFlow information, ReporterAnalyzer shows you
which applications are using bandwidth, who is using the bandwidth and when.
ReporterAnalyzer provides an enterprise-wide view of the network traffic,
allowing network managers to make timely and cost-effective decisions based on
real time and historical network performance data.
NetVoyant
NetVoyant, the device
performance module of the Enterprise Performance Center, provides SNMP-based
performance metrics for monitoring and managing devices such as routers,
swithes, and servers. NetVoyant helps you reduce troubleshooting time and make
informed infrastruture investments by understanding the cause of device
performance issues. NetVoyant also utilizes Cisco IP SLA to measure VoIP call
quality.
Xgig Analyzer
Xgig Analyzer is a solution
for high speed enterprise data centers. Xgig provides the means to
simultaneously analyze multiple 10Gigabit or 1Gigabit Ethernet links without
the risk of missing a packet. This performance helps solve network and
application problems faster, while maintaining higher uptime and performance
for end users.
OptiView Workgroup Analyzer
Locate the OptiView
Workgroup Analyzer anywhere on the network to gain a “virtual” presence for
analysis and troubleshooting of any segment of the enterprise network. Designed
for integrated use with OptiView Console and Protocol Expert so you can monitor
and analyze 10/100/1000 Ethernet networks.
OptiView OC3/OC12 WAN Analyzer
OptiView WAN Analyzer allows
you to remotely evaluate the status of the expensive WAN links from the
physical to the application layer. With virtually no configuration required,
the OptiView WAN Analyzer provides an at-a-glance view of WAN link health along
with a quick, simple drill-down for in-depth analysis.
OptiView DS3/E3 WAN Analyzer
OptiView WAN Analyzer allows
you to remotely evaluate the status of the expensive WAN links from the
physical to the application layer. With virtually no configuration required,
the OptiView WAN Analyzer provides an at-a-glance view of WAN link health along
with a quick, simple drill-down for in-depth analysis.
OptiView T1/E1 WAN Analyzer
OptiView WAN Analyzer allows
you to remotely evaluate the status of the expensive WAN links from the
physical to the application layer. With virtually no configuration required,
the OptiView WAN Analyzer provides an at-a-glance view of WAN link health along
with a quick, simple drill-down for in-depth analysis.
Single Port In-line Tap
In-line taps provide a clear
window into the network’s performance and activity without the use of a SPAN
port. Monitoring, analysis and security devices all benefit from the use of
in-line taps that keep packet timing, errors and VLAN tags visible and intact
for the most accurate analysis. Ethernet and WAN topologies for both copper and
fiber are supported.
Multi-Port In-line Tap
Multi-port in-line taps
provide a clear window into the network’s performance and activity without the
use of SPAN ports. Monitoring, analysis and security devices all benefit from
the use of in-line taps that keep packet timing, errors and VLAN tags visible
and intact for the most accurate analysis. Ethernet and WAN topologies for both
copper and fiber are supported. Remote port configuration lets users point
their analysis to different network segments without the need to move cables or
devices between locations.
Span Tap (Matrix Switch)
Multi-port SPAN switches
maximize visibility for analysis devices across multiple SPAN segments. Remote
port configuration lets users point their monitoring, analysis and security
devices to different network segments without the need to move cables or
devices between locations. This capability speeds troubleshooting, extends
visibility and return on investment for the network analysis infrastructure.
Aggregating In-Line Tap
Multi-port SPAN switches
maximize visibility for analysis devices across multiple SPAN segments. Remote
port configuration lets users point their monitoring, analysis and security
devices to different network segments without the need to move cables or
devices between locations. This capability speeds troubleshooting, extends
visibility and return on investment for the network analysis infrastructure.
Aggregating SPAN Tap
Aggregating SPAN taps merge
data from multiple SPAN ports into a single data stream, providing a window
into the network’s performance and activity. Single port monitoring, analysis
and security devices can now be leveraged across multiple switched networks
simultaneously, extending visibility and return on investment.
LAN/WAN Analysis and Monitoring: Software
Software solutions for distributed network analysis and
monitoring with the ability to isolate and troubleshoot application response
time performance problems.
OptiView Console
OptiView Consoles’ centralized operation with
remote access capability quickly discovers and continuously monitors network
devices while providing seven layer documentation of their connectivity. With
one look, you can quickly identify where a problem is and access the detailed
information you need to resolve it.
OptiView Protocol Expert
OptiView Protocol Expert software provides in-depth
network and application troubleshooting. When a problem is isolated to the
network or application, packet capture and extensive protocol decodes ease the
analysis of network and application communications. Expert diagnostics help
identify and resolve common application and network problems without the need
for extensive packet analysis.
OptiView Link Analyzer
OptiView Link Analyzer provides comprehensive
visibility for network and application performance troubleshooting on Ethernet
networks, all in an ASIC architecture for real-time monitoring and packet
capture up to line rate Gigabit speeds. Link Analyzer is rack mountable and
provides 10/100 and full duplex Gigabit Ethernet network monitoring and
troubleshooting.
Enterprise Hardware
and Software Suites
OptiView Vision Suites
|
OptiView
Distributed Vision Suite |
OptiView
Professional Vision Suite |
|
OptiView
Gigabit Distributed Vision Suite |
OptiView
WAN Vision Suite |
LAN Testers
Complete line of handheld network testers
provide frontline technicians with the ability to quickly resolve link, cable
and connectivity issues – reducing problem escalation.
NetTool Series II Inline Network Tester
Isolate and document network device and application
connectivity issues in seconds with NetProve diagnostics. Connect inline to see
network traffic and solve VoIP and PoE problems.
CableIQ Qualification Tester
The first qualification tool designed for network
technicians to troubleshoot connectivity problems and qualify cabling
bandwidth. Detects speed/duplex settings of attached switches and PCs.
LinkRunner Network Multimeter
Quickly verify and troubleshoot network drops with
the essential personal tool. View link, speed, duplex, cable length, PC NIC
response and ping key devices.
IntelliTone Pro Toner and Probe
IntelliTone digital signalling technology finds
cables other toners/probes can’t. Rejects noise and safely tones active
networks. Telecom two-line service ID, Ethernet link and cablemap.
APW:
Their range of products and solutions include APW President, a UK based
company, pioneers in Enclosure systems and Racking solutions. APW
President has a range of products and Solutions for all types of small, medium
and large businesses.
Floor Standing – Networking
APW President offers a wide range of floor – standing
cabinets for Networking applications. These include Aluminum or Steel cabinets,
load rating of 250 Kgs to over 950 Kgs, heights from 17U to 45U, widths of 600
& 800mm, and depths of 600, 800 and 1000mm. There are also models certified
for IP55 levels of environment protection, earthquake-proofed and EMC
compliance.
CYBERack
APW Presidents CYBERack is high on fine styling and value-for-money features. It has been designed and engineered specifically for easy assembly and rapid equipment integration at site.
Its innovative design is based on the use of aluminium profiles for the four
vertical pillars, which are connected solidly to two welded steel end-frames.
This results not only in low weight and an elegant appearance, but also permits
quick assembly. Due to the rigidity provided by the steel end-frames, the
CYBERack is able to handle equipment loads of upto 500 kgs. This makes it an
ideal choice for mid-range use as a Server enclosure, or for network cabling
purposes.
The facility to transport and stock in fully knocked-down ready-to-assemble
kits make the CYBERack best suited for easy distribution and System Integration
use.
CYBERack DLX
APW Presidents CYBERack DLX is not just a world class cabinet system for network servers, it is a path-breaker as well. It’s innovative hybrid design combines the aesthetic qualities of aluminium with the strength of steel. This results in a highly attractive appearance, as well as a robust and rigid frame - ideal for housing high performance enterprise servers, alongwith structured cabling components.
Heavy grade aluminium profiles are used for the vertical pillars of the
cabinet. These are joined together at top and bottom by rigid steel End Frames.
This creates a very strong frame structure - designed and tested to withstand
Indian transportation conditions, unlike other foreign designed cabinet
systems.
An added benefit is that the top frame is accommodated within the Top Cover
assembly itself. For the user this results in 2 units of additional usable
space within the same overall cabinet height - besides imparting a very clean
look to the interior of the CYBERack DLX.
SmartRack
A popular model abroad, it is also available locally. The Smart Rack, winner at the Industry Forum Design, Hannover, has been widely acclaimed for its award-winning multipurpose design that allows for 19", metric, as well as wider ETSI equipment to be fitted in one and the same rack.
Light in weight and made of steel, it can be supplied in complete knockdown
condition ( CKD ) and can be easily assembled on-site. A smart choice today
that will stand you in good stead tomorrow. The insurance against rapid obsolescence.
Its Net Server version has a load carrying capacity of 500 kgs.
This open frame rack, made of steel, is designed for
mounting 19 communication equipment and patch panels. Supplied in a flat pack
and easy to assemble, this open frame rack offers all-round accessibility.
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.44.68 |
|
UK
Pound |
1 |
Rs.85.17 |
|
Euro |
1 |
Rs.57.07 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
- |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
15 |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|