MIRA INFORM REPORT
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Report Date : |
15.11.2006 |
IDENTIFICATION DETAILS
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Name : |
TAB
INDIA GRANITES PRIVATE LIMITED |
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Registered Office : |
S-205, Sangam
Towers, Church Road, Jaipur - 302001 |
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Country : |
India
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Financials (as on) : |
31.03.2003 |
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Date of Incorporation : |
14.08.2002 |
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Com. Reg. No.: |
17-17765 |
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CIN No.: [Company Identification No.] |
U14101RJ2002PTC017765 |
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TAN No.: [Tax Deduction & Collection Account No.] |
CHET09586D |
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PAN No.: [Permanent Account No.] |
AABCT7634B |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacture,
Trader, Dealer and Exporter of Granite,
Marble, Slate, Sand Stone, Tiles, Slabs etc.
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P. S. : A detailed report
shall follow, soon.
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
RATING
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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 : |
Unknown |
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Comments : |
Subject
is a new company and project is under implementation as per last available
details. The company’s is poor in corporate governance. No payment are
available. The
company can be considered for any business dealings on safe and secured trade
terms and conditions, initially |
LOCATIONS
|
Registered/Corporate/Head
Office : |
S-205, Sangam
Towers, Church Road, Jaipur 302 001, India |
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Tel. No.: |
91-141-2387161, 2387162/2362649/50 |
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Fax No.: |
91-141-2387163/2362651 |
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E-Mail : |
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Head/Corporate Office : |
Bangalore
Office: Ph :
91-080-5115-5656/57 North Zone Office : 502, Apex Mall,
Tonk Road, Jaipur – 302015, India Tel. No. :
91-141-2744200 / 2744300 Fax No. :
91-141-2744500 E-mail : info@tabindia.com |
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Sales & Marketing
Offices and Warehouses , U.S.A |
AMSUM
& ASH, INC. Los Angeles: |
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South
Zone Office and Granite
Processing Plant |
N.H. 7, Nallaganakothapally
Village, Krishnagiri Road, Koneripalli, P. O., Hosur Taluk, Tamil Nadu – 635
117 |
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Tel.
No.: |
91-4344-309314,
309313 |
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Fax No.: |
91-4344-257461 |
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E-mail : |
tabblr@tabindia.com |
DIRECTORS
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Name : |
Mr.
Sumeet Gupta |
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Designation : |
Managing
Director |
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Address : |
A
– 5, Natraj Nagar, Jaipur |
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Name : |
Mr.
Vijaya Gupta |
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Designation : |
Director |
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Address : |
A
– 5, Natraj Nagar, Jaipur |
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Name : |
Ms.
Devyani Gupta |
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Designation : |
Director |
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Address : |
A
– 5, Natraj Nagar, Jaipur |
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Name : |
Mr.
Ashok Kumar Gupta |
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Designation : |
Director |
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Experience : |
A
– 5, Natraj Nagar, Jaipur |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Mr.
Sumeet Gupta |
1108300 |
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Mr. Amit Gupta |
92000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture,
Trader, Dealer and Exporter of Granite,
Marble, Slate, Sand Stone, Tiles, Slabs etc.
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Product : |
Granite Mosaic State Marble Quartzite Limestone Sandstone Tumbled Stone Polished Stone Exclusives |
GENERAL INFORMATION
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Bankers : |
Bank
of Baroda, Ahinsa Circle, Jaipur |
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Facilities : |
Credit
Limit – Rs. 276.500 Millions |
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Banking Relations : |
Unknown
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Associates/Subsidiaries
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Nil |
FINANCIAL
DATA
[all figures are in Rupees Millions]
No
financials are available from the Government Records, as the documents have
been sent for scanning.
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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5.498 |
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2] Share Application Money |
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0.003 |
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3] Reserves & Surplus |
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10.796 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH
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16.297 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL
BORROWING
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL
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16.297 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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4.335 |
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Capital work-in-progress
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10.757 |
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INVESTMENT
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0.000 |
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DEFERREX TAX ASSETS
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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0.000 |
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Sundry Debtors
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0.000 |
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Cash & Bank Balances
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0.754 |
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Other Current Assets
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0.000 |
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Loans & Advances
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0.050 |
Total Current Assets
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0.804 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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0.047 |
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Provisions
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0.000 |
Total Current Liabilities
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0.047 |
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Net Current
Assets
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0.757 |
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MISCELLANEOUS EXPENSES
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0.448 |
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TOTAL
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16.297 |
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KEY RATIOS
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PARTICULARS |
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31.03.2003 |
Debt Equity Ratio
(Total Liability/Networth) |
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- |
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Current Ratio
(Current Asset/Current
Liability) |
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17.10 |
LOCAL AGENCY FURTHER INFORMATION
As
per Website Details :
Profile
:
Tab
India has always stood out for its progressive achievements in stone markets
all over the world; its benchmark being constant activity towards efficiency
and punctuality on the delivery of materials, continuous updating of its
processing technology, and its constant search for new products. Headquartered
in Jaipur, India, Tab India has been recognized as the largest manufacturer
from India, in Granite , Marble, Slate, Quartzite, Sandstone and Limestone. It
produces several variations of tiles, slabs, cut to size, and mosaics. Service,
quality, integrity and excellence in all respects have been the driving force
for all related to the organization.
They manufacture world class
products
They package our materials with utmost care
They provide all options of finishes in stone
They mix containers per your requirements
They carry backup inventory in two U.S. locations
They handle everything from order to delivery
They are Tab India and Amsum & Ash
Factory/Equipments
TAB INDIA OPENS A NEW GRANITE PROCESSING PLANT IN NOV 2003!
TAB
India is the largest stone company from India with corporate headquarters in
Jaipur, India. They produce Marble,
Granite,
Slate, Quartzite,
Limestone
and Sandstone
in tiles, slabs and cut to size. Polished, honed, brushed, flamed, sandblasted are
some of the finishes while they have a large collection of mosaics and some
unique exclusive colors. Their processing facilities are located all over India
with two main hubs for shipping purposes – Jaipur and Banglore. With over 300
various stones that they produce, they have divided the process of
manufacturing into various steps to minimize costs and maximize efficiency.
Many of their factories are located at the quarry itself where the raw material
is sorted and cut into various sizes and the finishing touches may be given at
the main processing plant. A combination of very efficient Managers, Dedicated Staff The Best In The Industry, Technical Knowledge
And Commitment To Not Just Prices And Quality, But Timing Make Us An
Irreplaceable Option.
The Following Machines Are
Used By The Company:
Granite Tiles – Pedrini S.P.A
Italy, Tile Line.
Granite Slabs – Breton & Gaspari Menotti Jumbo Gangsaws, Breton &
Gaspari – 20 Head Line Poilishers.
Marble Tiles - Pedrini S.P.A Italy, Tile Line.
Marble Slabs – Giorgini Maggi Gangsaw & Breton Bridge Polisher.
Slate, Sandstone, Limestone & Quartzite – Cal-Ii By M/S M.L Shah Machinery
Ltd Of Mumbai For Gauging As Well As Polishing Line From Them.
TAB
India Inc. is truly a complete “Indian” stone company, since they supply almost
all the export worthy natural stones from India. Their range offers a multitude
of stone materials to their clients worldwide, be it Granite, Marble, Slate,
Sandstone, Limestone, or Quartzite. They cover it all.
Company’s
strength to meet deadlines is also supported by the Company’s own fleet of
trucks and open body trailors, which transport raw material to packaged crates
from one point to another, without any complications.
Known
for their packing standards, TAB India Inc. uses one of the best packing
materials from the most reputed companies in India. Their average cost of
packaging is approximately 30-40% higher than anyone in the trade, and it
shows. Their pallets use the best wood, and are strong enough to be stacked up
to 5 units high. They are treated and fumigated against pests, termites, or any
other infestations.
All
the containers are braced/lashed properly. Pictures are taken of each container
for records as a safeguard against any mis-happenings. TAB India Inc.
guarantees against any breakage or broken pieces, a guarantee that they stand
by or they will replace the entire order.
Their
Projects
Tab
India Inc./ Amsum & Ash Inc. has a large presence in the U.S. construction
industry providing natural stone material for hundreds of projects per year. In
the last two years, their company has averaged over 50 cut-to-size projects in
2000 and 2001. They specialize in Commercial office buildings, Hotels, College
campuses, Stadiums, Airport facilities, Medical Facilities, Residential
projects, etc. Amsum & Ash Inc., the U.S. sales and marketing office,
provides support in the form of digital photo libraries, sample boards, sample
kits, ASTM data, etc… to educate consumers of their remarkable products. They
have the capacity to produce 200,000 ft2-1,000,000 ft2 of material per month,
depending upon the material. A project of any size is manageable. Shipping over
1200 containers of material per year, they utilize the world’s largest shipping
company- American President Lines for timely shipments. Tab India Inc./ Amsum
& Ash Inc. prides itself on providing timely, comprehensive and quality
service. This has been the key to their success.
Office
To serve a network of 300+ distributors and their ongoing projects
in USA & Canada, they have 3 factory warehouses for back up inventory &
support. All logistics paperwork, documentation, containers clearance, and
delivery are handled through their US sales offices. They have an inflow of
about 100 containers a month, which can take care of any contingencies that may
arise. Over 2 million sq. ft. of inventory is kept at its US locations of all
its product lines in various sizes and finishes. This gives Tab India a unique
edge over any other factory in the world possibly and gives its clients the
service they deserve.
News
CAPEXIL
(CHEMICALS & ALLIED PRODUCTS EXPORT PROMOTION COUNCIL), under the
department of Government of India, has awarded TAB INDIA/AMSUM & ASH, with
the most prestigious award from India in their Industry & category. Since 1996
and the 5th year in a row, they have been deemed ‘Exporter of the Year’,
‘Largest Granite Manufacturer of the Year, ‘Best Export Performance’ – by
various Organizations. This is the best possible recognition any organization
in India can receive in this industry.
QUALITY - guaranteed, TIMELINESS – under their control &
SERVICE – their broad client base is testimony to their success. They will
cater to your needs and dealing directly with the factory allows for unbeatable
pricing and cost effective engineering among other factors.
Spotlight
( New Products )
As the leading manufacturer of natural stone products from India,
they constantly look for new materials and new finishes on existing materials.
The products featured in this section may be exclusive products of Tab India
Inc./ Amsum & Ash Inc.
CMT REPORT [Corruption, Money laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION
ON DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.
2] Court
Declaration :
No records exist to suggest that subject is or was the
subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset
Declaration :
No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.
4] Record
on Financial Crime :
Charges or conviction registered
against subject: None
5] Records
on Violation of Anti-Corruption Laws :
Charges or investigation registered
against subject: None
6] Records
on Int’l Anti-Money Laundering Laws/Standards :
Charges or investigation registered
against subject: None
7] Criminal
Records
No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.
8] Affiliation
with Government :
No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.
9] Compensation
Package :
Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on the subject.
CORPORATE
GOVERNANCE
MIRA
INFORM as part of its Due Diligence do provide comments on Corporate Governance
to identify management and governance. These factors often have been predictive
and in some cases have created vulnerabilities to credit deterioration.
Our
Governance Assessment focuses principally on the interactions between a
company’s management, its Board of Directors, Shareholders and other financial
stakeholders.
CONTRAVENTION
Subject
is not known to have contravened any existing local laws, regulations or
policies that prohibit, restrict or otherwise affect the terms and conditions that
could be included in the agreement with the subject.
FOREIGN
EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.45.17 |
|
UK
Pound |
1 |
Rs.85.24 |
|
Euro |
1 |
Rs.57.89 |
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 |