MIRA
INFORM REPORT
|
Report Date : |
16th
November, 2006 |
IDENTIFICATION
DETAILS
|
Correct Name : |
JAYPEE
ENGINEERING AND HYDRAULIC EQUIPMENT COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
24,
Strand Road, Kolkata – 700 001, West Bengal, India |
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Country : |
India |
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|
|
Financials (as on) : |
31.03.2003 |
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Date of Incorporation : |
26.05.1995 |
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|
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Com. Reg. No.: |
21-71783 |
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CIN No.: [Company
Identification No.] |
U27104WB1995PTC071783 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CALJ02106G |
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Legal Form : |
Private
Limited Liability Company |
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|
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|
Line of Business : |
Manufacturer
of Road Roller, Tower Crane, Hydraulic Tapper, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
-- |
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Status : |
Moderate
|
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Payment Behaviour : |
Slow
by average 30 days |
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Litigation : |
Clear |
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Comments : |
Financial
position of the company is moderate. Payments are reported as slow and
delayed. The company has substantial accumulated losses. No subsequent
financials could be available from available sources. The company can be
considered for any business dealings on safe and secured trade terms and
conditions. |
LOCATIONS
|
Registered Office : |
24,
Strand Road, Kolkata – 700 001, West Bengal, India |
|
Tel. No.: |
91-33-22305810/
4093 |
|
Fax No.: |
91-33-22307199 |
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E-Mail : |
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|
Area : |
400
sq. ft. |
|
Location : |
Rented
– Commercial |
|
|
|
|
Head
Office : |
24,
Strand Road, Kolkata – 700 001, West Bengal, India |
|
Tel.
No.: |
91-33-22305810/
4093 |
|
Fax
No.: |
91-33-22307199 |
|
E-Mail
: |
|
|
Area : |
400
sq. ft. |
|
Location : |
Rented
– Commercial |
|
|
|
|
Factory
: |
Anil
Nagar, Budge Budge Trunk Road, Govindpur, District South 24 Paraganas,
Kolkata, West Bengal, India |
|
Location : |
Owned
– Industrial |
|
|
|
|
Warehouse
: |
Anil
Nagar, Budge Budge Trunk Road, Govindpur, District South 24 Paraganas,
Kolkata, West Bengal, India |
|
Location : |
Owned
– Industrial |
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|
|
DIRECTORS
|
Name : |
Mr.
Jagdish Prasad Agarwal |
|
Designation : |
Director
|
|
Address : |
24,
Strand Road, Kolkata – 700 001, West Bengal, India |
|
Date of Birth/Age : |
27.09.1938 |
|
Qualification : |
B.
Com. |
|
Experience : |
48
Years |
|
Other Directorships : |
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|
|
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|
Name : |
Mr.
Shekhar Agarwal |
|
Designation : |
Director
|
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|
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Name : |
Mrs.
Bimla Devi Agarwal |
|
Designation : |
Director
|
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mr.
Jagdish Prasad Agarwal |
|
25700 |
|
Mr.
Shekhar Agarwal |
|
32000 |
|
Mr.
Shankar Lal Agarwal |
|
6000 |
|
Shekhar
Agarwal and Sons (HUF) |
|
25000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Road Roller, Tower Crane, Hydraulic Tapper, etc. |
|
|
|
|
Products with ITC Code : |
Road
Roller – 843149.00 Tower
Crane – 842620.00 Hydraulic
Tapper – 842450.02 |
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|
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Terms : |
|
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Selling : |
L/C,
Cash – Credit and Contract basis |
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|
|
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Purchasing : |
L/C,
Cash – Credit and Contract basis |
GENERAL
INFORMATION
|
Customers : |
®
Manufacturers
®
Government
Bodies |
|
|
|
|
Bankers : |
®
United
Bank of India
2 N C Dutta Sarani, Kolkata – 700 001, West Bengal, India |
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|
|
|
Auditors : |
Sunil
Manpuria and Associates Chartered
Accountants |
|
Address : |
11,
Pollock Street, Kolkata – 700 001, West Bengal, India |
|
Tel. No.: |
91-33-22350594 |
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|
|
|
Affiliates : |
®
Calcutta
Forgings and Steel Industries Private Limited ®
J
P Alloys and Steel Private Limited ®
United
Steel Corporation |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity
Shares |
Rs. 10/- |
Rs. 10.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
969500 |
Equity
Shares |
Rs. 10/- |
Rs. 9.695 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
No
subsequent financials could be available from any sources. Management remained
non-cooperative during current investigation.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2003 |
31.03.2002 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9.695 |
9.695 |
|
|
2] Reserves & Surplus |
|
6.083 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(7.878) |
(7.400) |
|
|
NETWORTH |
|
7.900 |
2.295 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
1.822 |
1.445 |
|
|
2] Unsecured Loans |
|
1.293 |
1.293 |
|
|
TOTAL BORROWING |
|
3.115 |
2.738 |
|
|
DEFERRED TAX LIABILITIES |
|
0.597 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
|
11.612 |
5.033 |
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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|
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FIXED ASSETS [Net Block] |
|
12.833 |
4.070 |
|
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Capital work-in-progress |
|
0.000 |
0.000 |
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|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
11.920 |
11.845 |
|
|
Sundry Debtors |
|
14.699 |
12.458 |
|
|
Cash & Bank Balances |
|
0.664 |
0.938 |
|
|
Loans & Advances |
|
0.349 |
0.364 |
|
Total Current Assets |
|
27.632 |
25.605 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
28.788 |
24.557 |
|
|
Provisions |
|
0.065 |
0.085 |
|
Total Current Liabilities |
|
28.853 |
24.642 |
|
|
Net Current Assets |
|
(1.221) |
0.963 |
|
|
|
|
|
|
|
|
TOTAL |
|
11.612 |
5.033 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2003 |
31.03.2002 |
|
Sales Turnover [including other income] |
|
39.190 |
35.502 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
0.124 |
0.295 |
|
Provision
for Taxation |
|
0.016 |
0.025 |
|
Profit/(Loss)
After Tax |
|
0.108 |
0.270 |
|
|
|
|
|
|
Total
Expenditure |
|
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2003 |
31.03.2002 |
|
PAT / Total Income |
(%) |
|
0.27 |
0.76 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
|
0.31 |
0.83 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
0.30 |
0.99 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
|
0.01 |
0.13 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
5.12 |
12.93 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
|
0.95 |
1.04 |
LOCAL AGENCY
FURTHER INFORMATION
Profile
Cost efficiency and timely deliveries have earned us a loyal client base in the domestic as well as international market. The principal aim is to comprehend the changing needs of industries and come out with innovative products to meet the exacting requirements of clients.
Products
1. Hydraulic Cranes
2. Hydraulic Scissor Lift
3. Hydraulic Truck Unloader
4. Hydraulic Grabs
5. Hydraulic Road Roller
6. Hydraulic Mobile & Stationary
Cranes
7. Hydraulic Scissors Lift Platform
8. Hydraulic Clam Shell Grabs
9. Hydraulic Mobile Scrappers
10. Hydraulic Electrode Handling Device
11. Hydraulic Log / Bamboo Handler
12. Hydraulic Self-propelled Multi Loader
13. Custom built Hydraulic Equipment
14. Power Packs
Hydraulic Cranes
Salient Features :
®
JEHEL Truck mounted Hydraulic Cranes are manufactured under strict surveillance
of quality control and to specification of our world class collaborator HEILA
of Italy.
®
It is available with Hydraulically operated telescopic or articulated
boom, balanced compact Hydraulic Winch and Hydraulically operated Grab Bucket
to secure any type of configuration of the load.
®
Capacity range is enormous starting from 2Tonne Mtr. to 90 Tonne Mtr. or
even higher.
®
The Crane has hydraulic slewing arrangement up to 380o which means it
can pick up load from any direction and keep the load at any direction of
choice without affecting the position of carrying vehicle. Cranes can have 2
points or 4 points hydraulic stabilizers as per requirement. Also mounting on
Trailier, Trolley, Barge or Stationary base is feasible.
Safety Features :
®
Overload
Protection Valve
®
Hose Fail Safety
Valve. Pressure adjustment to protect Crane from excecessive load.
®
In case of power
failure, no loss in Cylinder power
|
Model |
Maximum
Moment Kg. M. |
Maximum
horizontal out reach |
STD.
basic crane Weight Kg. |
Slewing
range Deg. |
Working
pressure Bar |
Crane
height in contracted position from top of chassis mm. |
Recommended
GVW for mounting vehicle Tonne9 |
|
JPC 6 |
6000 |
5.1 |
1450 |
380 |
200 |
2240 |
|
|
JPC 9L |
9000 |
6 |
2100 |
380 |
200 |
1900 |
16 |
|
JPC 14 |
14000 |
6.36 |
2360 |
380 |
200 |
2350 |
16 |
|
JPC 16 |
16000 |
9.01 |
2490 |
380 |
230 |
2405 |
16 |
|
JPC 19 |
19000 |
10.84 |
3000 |
380 |
270 |
2241 |
24 |
|
JPC 25 |
25400 |
10.84 |
3100 |
380 |
270 |
2241 |
24 |
|
JPC 35 |
35000 |
11.13 |
3950 |
380 |
270 |
2308 |
24 |
|
JPC 45 |
45000 |
11.02 |
4500 |
380 |
270 |
2314 |
24 |
Hydraulic Scissor Lift
JEHEL SCISSOR LIFT PLATFORMS provide an
effective and safe solution for erection and maintenance jobs at elevated
levels.
These Platforms find extensive uses in Hydro-electric Power Projects, Thermal
Power Stations, Metal Extraction Industries, Airports, Docks, Ports and other
Process Industries.
These Platforms are available in both STATIONARY and MOBILE versions. The
MOBILE versions can be mounted on TRUCKS as well as TROLLEYS.
The Power Packs of these Platforms are adaptable to both Electric Motor and
Diesel Engine drives. For Truck mounted versions, the drive can be taken from
"Power Take-off" Units mounted on the Gear Box of the Truck.
JEHEL Scissors Lift Platforms
are provided with 4 (four) nos. STABILIZERS (OUTRIGGERS) as a standard feature
to provide complete safety to users. The raising of the Platform is
safety-interlocked with Stabilizers to prevent raising the platform before
stabilizers are fully deployed. The stabilizers cannot be retracted, unless the
platform is fully lowered.
Dual control on the platform and at the ground level and Manual Operation in
case of motive power failure are also offered as standard features.
|
TECHNICAL
SPECIFICATIONS |
|||
|
PARAMETER |
UNIT |
MAX |
MIN |
|
LIFT from Ground Level (G.L.) |
Metre |
12 |
2 |
|
CLOSED HEIGHT from (G.L.) |
Metre |
2.1 |
0.7 |
|
Safe Load on Platform at full lift |
Kg |
2000 |
200 |
|
PLATFORM SIZE |
|
|
|
|
Length |
Metre |
5.00 |
0.70 |
|
Width |
Metre |
3.00 |
0.40 |
|
STAGES |
No. |
5 |
1 |
|
CONTROL = Dual (at ground control/ truck
chassis and on platform) |
|||
|
PRIME MOVER = Electric Motor / I.C. Engine/
Power Take-off Unit of Truck |
|||
Hydraulic Truck
Unloader
It having unloading capacity of 30 Ton to 100 Ton including weight of
Truck. The angle of tilt is 55 (which is sufficient for unloading most of bulk
material). The frame is steel fabricated with anti-skid steel chequered plate
welded on top of the frame, tilting arrangement is powered by 2 heavy duty
Hydraulic Cylinders. The retractable back stoppers and hooking arrangement for
safety of operation is actuated by Hydraulic Cylinders having Hydro-Electric
interlocking system. The Hydraulic Power Pack is most optimally designed,
fitted with internationally reputed hydraulic and electrical components.
|
TECHNICAL DETAILS |
Model 40 Ton |
Model 50 Ton |
Model 60 Ton |
|
Platform Size (mm) |
8480 x 3200 |
8480 x 3200 |
8550 x 3200 |
|
Tilting Angle |
55 Deg. |
55o |
55 Deg. |
|
Pump Capacity |
43 Lpm |
43 lpm |
54 Lpm |
|
Tank Capacity |
100 Litres |
200 Litres |
200 Litres |
|
Motor KW, RPM |
15 KW, 1440 RPM |
18.5 KW, 1440 RPM |
22 KW, 1440 RPM |
|
Operating Pressure |
150 Bar |
120 BAR |
120 BAR |
|
Hydraulic Oil |
Servo-68/Hydral-68 |
Servo-68/Hydral-68 |
Servo-68/Hydral-68 |
|
Oil Cooler |
400 x 1020 |
400 x 1020 |
400 x 1020 |
|
1) The system with 60o tilt angle for extra sticky material is
available on request.
|
|||
Hydraulic Grabs
JEHEL Hydraulic Grabs
can be mounted either on EOT Cranes or on Hydraulic Mobile/Stationary Crane.
JEHEL Hydraulic Grabs reduce maintenance, power consumption, downtime and
operational time. The whole system is very compact and light and user's
friendly.
Hydraulic Road
Roller
The VIBROLL 'JPR 120 H' is an all purpose
compactor offering an ideal combination of compact size dead weight and
maneuverability. 'VIBROLL JPR 120H' is clear sided and the two box design with
hydraulic articulation provides excellent traction & steering. The C.G.
prevents accidental damages. The operator is seated comfortably at level from
which he has clear view of all sides.
|
APPLICATION |
|||
|
Wearing Course |
Surface Course |
Binder Course |
Base Course |
|
Sub Base Course |
Filter Course |
Sub Grade |
Factories |
|
Housing Colonies |
CANALS / DAMS |
Trench Reinstatement |
Widening of the Road |
Clients
The list of customers include reputed Sugar, Cement, Glass Factories, Paper
Mills, who are engaged in handling non-sticky bulk material and various
Construction companies, Municipalities, Notified Area Authorities, who are
engaged in road construction and material handling. Client list includes:-
®
AP Paper
®
TATA Projects
®
JK Paper
®
TN Newsprint
®
ITC Limited
®
Asahi India Glass
®
Gujarat Borosil
Glass
®
aint Gobain Glass
®
Indian Oil ONGC
®
Jaiprakash
Industries
®
HEG Limited
®
Chettinad Cement
®
Southern Iron and
Steel Company
®
Ministry of
Defence
®
Grasim Industries
®
Various Sponge
Iron Plants
®
Various
Municipalities
The organizational strength methodology is perfectly matched and
interwoven with quality control at every stage. They have standard Quality
Control Equipment at our factories, however, chemical tests, radiographic tests
and ultrasonic tests, as and when required, are done from reputed external organization
Quality Control and inspection is carried out at the time of purchase of raw
materials and is a continuous process until the product is finally despatched.
This is also controlled and monitored as per ISO 9001 - 2000.
Facilities
The
AutoCAD facilities manned by qualified and experienced Engineer. Almost all
designs presently are done in Auto CAD 2000. They have a stable and adequate
financial base. Raw material is conveniently available to us through our parent
company dealing in special steels, Steel Forgings and Rolling Mill.
Networking
They have very well qualified and effective Top,
Middle and Junior Management personnel infrastructural facilities, total
covered area 20,000 sq.ft. These are located within easy reach of Sales and
Registered Offices. They have adequate information network to co-ordinate
between Factories, Sales Office and Registered Office to attend emergency
situations promptly.
Contact
Jaypee
Engineering and Hydraulic Equipment Co (Private) Limited
Contact Person:
Mr.Niladri Bhattacharya
Address:
Chandannagar, (Memonpur), Budge Budge Trunk Road, Maheshtala, Kolkata - 700
139, West Bengal, India.
Tel. No.:
91-33-24905333 / 24905332 / 24901414
Fax No.:
91-33-24571228 / 24586927
Email : jehel@cal2.vsnl.net.in
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 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.45.01 |
|
UK
Pound |
1 |
Rs.84.91 |
|
Euro |
1 |
Rs.57.48 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
24 |
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 |
|