MIRA INFORM REPORT
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Report Date : |
27.11.2006 |
IDENTIFICATION DETAILS
|
Name : |
UNITED BIOTECH PRIVATE
LIMITED |
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Registered Office : |
E
–142 Saket, New Delhi – 110017 |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
31.01.1997 |
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Com. Reg. No.: |
55-84814 |
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CIN No.: [Company Identification No.] |
U24239DL1997PTC084814 |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Importer,
Distributor & Trader of Medicines & Life Saving Drugs. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
RATING
|
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is
considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 150000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established company having satisfactory track. Directors are
reported as experienced, respectable and resourceful businessmen. Their trade
relations are fair. Payments are usually correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
E
–142 Saket, New Delhi – 110017, India |
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Tel. No.: |
91-11-26855082 |
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Fax No.: |
91-11-26855082 |
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E-Mail : |
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Location |
Commercial
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Corporate Office : |
Plot
– F, C-Block, B-1 Mohan Co-operative Industrial Estate, Mathura Road, New
Delhi – 110044 |
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Tel. No.: |
91-11-26977441/
26977443/ 26977440/ 26955069/ 26940762/ 2677440 |
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Fax No.: |
91-11-26977444 |
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Location |
Industrial
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DIRECTORS
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Name : |
Mr.
Rajiv Kumar |
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Designation : |
Managing
Director |
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Address: |
E
–142 Saket, New Delhi – 110017, India |
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Date of Birth : |
09/04/1963 |
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Date of Appointment : |
31/01/1997 |
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Name : |
Ms.
Kavita |
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Designation : |
Whole
Time Director |
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Address: |
E
–142 Saket, New Delhi – 110017, India |
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Date of Birth : |
11/10/1970 |
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Date of Appointment : |
01/08/2002 |
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Name : |
Ms.
Kailash Devi |
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Designation : |
Director |
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Date of Appointment : |
01/05/2002 |
KEY EXECUTIVES
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Name : |
P.S
& Associates |
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Designation : |
Company
Secretary |
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Address : |
130,
1st Floor, Masjid Moth, South Extention Part – II, New Delhi –
110049 |
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Mobile No. : |
91-9810264956 |
MAJOR SHAREHOLDERS
Directors
– 100% Shareholding
BUSINESS DETAILS
|
Line of Business : |
Importer,
Distributor & Trader of Medicines & Lif Saving Drugs. |
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Imports from : |
Europe |
GENERAL INFORMATION
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Bankers : |
v
Oriental Bank of
Commerce, Hauz Khas Branch, New Delhi v
Standard Chartered
Bank v
ICICI Bank Limited |
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Facilities : |
Cash
Credit facilities with Oriental Bank of Commerce and it is secured by
hypothecation of Stock & Debtors |
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Banking Relations : |
Satisfactory |
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Auditors : |
AVN
& Associates Chartered
Accountants |
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Address : |
108/1,
Lane No. 5, Krishna Nagar, Safdarjung Enclave, New Delhi – 110029 |
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Tel. No.: |
91-11-26101930/26101931 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity
Share |
Rs. 100/- each |
Rs. 25.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
191575 |
Equity
Share |
Rs. 100/- each |
Rs. 19.157 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
19.157 |
19.157 |
7.008 |
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2] Share Application Money |
1.635 |
1.635 |
4.535 |
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3] Reserves & Surplus |
20.198 |
3.829 |
0.169 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
|
40.990 |
24.621 |
11.712 |
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LOAN FUNDS |
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1] Secured Loans |
16.838 |
1.318 |
4.575 |
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2] Unsecured Loans |
4.571 |
4.871 |
6.121 |
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TOTAL
BORROWING
|
21.409 |
6.189 |
10.696 |
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DEFERRED TAX LIABILITIES |
1.618 |
0.736 |
0.029 |
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TOTAL
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64.017 |
31.546 |
22.437 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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30.557 |
7.382 |
1.180 |
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Capital work-in-progress
|
0.000 |
0.000 |
0.000 |
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INVESTMENT
|
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
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Inventories
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28.323
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14.651 |
20.789 |
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Sundry Debtors
|
19.755
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16.976 |
7.687 |
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Cash & Bank Balances
|
15.293
|
25.494 |
5.186 |
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Other Current Assets
|
0.000
|
0.000 |
0.000 |
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Loans & Advances
|
12.711
|
8.889 |
4.016 |
Total Current Assets
|
76.082
|
66.010 |
37.678 |
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Less : CURRENT LIABILITIES & PROVISIONS
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Current Liabilities & Provisions
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42.622
|
41.885 |
16.470 |
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Provisions
|
--
|
0.000 |
0.000 |
Total Current Liabilities
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42.622
|
41.885 |
16.470 |
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Net Current
Assets
|
33.460
|
24.125 |
21.208 |
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MISCELLANEOUS EXPENSES
|
0.000 |
0.039 |
0.049 |
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TOTAL
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64.017 |
31.546 |
22.437 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
104.492 |
133.154 |
82.096 |
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Profit/(Loss) Before Tax
|
25.653 |
6.006 |
0.855 |
Provision for Taxation
|
9.284 |
2.346 |
0.687 |
Profit/(Loss) After Tax
|
16.369 |
3.660 |
0.168 |
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Import Value
|
NA |
9.308 |
46.700 |
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Total Expenditure
|
76.367 |
127.148 |
81.241 |
KEY RATIOS
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PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
15.67
|
2.75 |
0.20 |
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Net Profit Margin
(PBT/Sales) |
(%) |
14.67
|
4.51 |
1.04 |
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Return on Total Assets
(PBT/Total Assets} |
(%) |
15.35
|
8.18 |
2.20 |
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Return on Investment (ROI)
(PBT/Networth) |
|
39.93
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0.24 |
0.07 |
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Debt Equity Ratio
(Total Liability/Networth) |
|
0.52
|
1.95 |
2.32 |
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Current Ratio
(Current Asset/Current
Liability) |
|
1.79
|
1.58 |
2.29 |
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Quick Ratio |
|
1.12 |
1.23 |
-- |
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Current
Liabilities/Networth |
|
1.04 |
1.70 |
-- |
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Fixed Asset / Networth |
|
0.75 |
0.30 |
-- |
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Average Collection Days |
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41.24 |
46.94 |
-- |
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Account Receivables
Turnover |
|
8.85 |
7.78 |
-- |
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Inventory Turnover |
|
6.17 |
9.01 |
-- |
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Asset Turnover |
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5.72 |
17.88 |
-- |
LOCAL AGENCY FURTHER INFORMATION
GROUP
PROFILE :
Name
of the Company : Subham Udyog Private
Limited
Legal
Status : Private
Limited Liability Company
Date
of Incorporation : 30th November, 1981
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.44.87 |
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UK
Pound |
1 |
Rs.85.99 |
|
Euro |
1 |
Rs.58.15 |
SCORE
& RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
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PAID-UP
CAPITAL |
1~10 |
5 |
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OPERATING
SCALE |
1~10 |
5 |
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FINANCIAL
CONDITION |
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|
--BUSINESS
SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT
LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT
POINTS |
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--BANK
CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER
ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT
POINTS |
|
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--SOLE
DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT
ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
45 |
This
score serves as a reference to assess SC’s credit risk and to set the amount of
credit to be extended. It is calculated from a composite of weighted scores obtained
from each of the major sections of this report. The assessed factors and their
relative weights (as indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses
an extremely sound financial base with the strongest capability for timely
payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses
adequate working capital. No caution needed for credit transaction. It has
above average (strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial
& operational base are regarded healthy. General unfavourable factors
will not cause fatal effect. Satisfactory capability for payment of interest
and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable
& favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
|
11-25 |
Ca |
Adverse
factors are apparent. Repayment of interest and principal sums in default or
expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute
credit risk exists. Caution needed to be exercised |
Credit not recommended |
|
NR |
In
view of the lack of information, we have no basis upon which to recommend
credit dealings |
No Rating |
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