MIRA
INFORM REPORT
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Report Date : |
27.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
FAIRMATE
CHEMICALS PRIVATE LIMITED |
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Registered Office : |
1514
Ranchhod Bhavan, Moti Vasan Sheri, Saraspur, Ahemdabad-380008, Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
27.06.1995 |
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Com. Reg. No.: |
04-26528 |
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CIN No.: [Company
Identification No.] |
U65910GJ1995PTC026528 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHMF00074E |
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PAN No.: [Permanent
Account No.] |
AAACF1778M |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturing & Marketing of Speciality
Chemicals for Civil Engineering industry. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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
10000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established company having satisfactory track. Trade relations are
fair. Profit margin is under severe pressure. Payments are reported as
correct and as per commitment. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
1514
Ranchhod Bhavan, Moti Vasan Sheri, Saraspur, Ahemdabad-380008, Gujarat |
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Tel. No.: |
91-79-22122545 |
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Head
Office : |
Sai
Sudha, 8/1 Arunoday Society, Alkapuri, Vadodara -390007, Gujarat, India |
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Tel.
No.: |
91-265-2358173-74/2331193 |
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Fax
No.: |
91-265-2338733 |
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E-Mail
: |
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Website: |
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Branches
: |
Sai Sudha,
8/1, Arunoday Society, Alkapuri,
Vadodara-390 007 Tel.
No.: 91-
265- 2358173-74 Fax
No.: 91-265-2338733 E-Mail
: sales@fairmate.net Ranchhod
Bhuvan", 1514, Moti Vasan Sheri, Saraspur, Ahmedfabad - 380 018 Tel.
No.: 91-79-22160847/26465219 Fax
No.: 91-79-22122545 E-Mail
: ahmedabad@fairmate.net 1071/14, Jagmohan
Nagar, Nr. Iter Engineering College, Bhuneshwar-751 030 Tel./Fax
No.: 91-674-23504480 Mobile
No.: 91-9338204229 No. 89, 5th Main Road, Ag’s Colony, Anandanagar, Bangalore-560
024 Tel.
No.: 91-80-23639852 Fax
No.: 91-80-23639851 E-Mail
: bangalore@fairmate.net Ground Floor,
K-13A, Kalkaji, Nr. Balaji Estate, New DelhiI-110019 Tel.
No.: 91-11-26231726 Mobile
No: 91-9312608008 Fax
No.: 91-11-26231727 E-Mail
: delhi@fairmate.net 238 A, Rash Behari Avenue, Kolkata-700 019 Tel.
No.: 91-33-4404932 23/7, Raja Park, Shakur Basti, DelhiI-110034 Tel.
No.: 91-11-27192787 Mobile
No: 91-98105515911 Fax
No.: 91-11-27101590 Sangli Office Mobile
No: 91-9850817020 3/170, Vinay
Khand, Gomti Nagar, Lucknow-10. Tel.
No.: 91-522-2398102 Mobile
No: 91-9335219517 Trissure Office Mobile
No: 91-9447512483 Dubai Office Tel.
No.: 97142669292 Nepal Office Tel.
No.: 91-9771-5552723 Fax
No.: 91-9771-5559949 |
DIRECTORS
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Name : |
Mr.Shah
Rakesh B. |
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Designation : |
Directo |
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Address : |
3,
Ramkrupa Appartment, Panchvati 1st Lane, Ambadevi, Ahemdabad |
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Date of Appointment : |
01-04-1997 |
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Name : |
Mr.
Shah Umesh B. |
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Designation : |
Director |
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Address : |
3,
Ramkrupa Appartment, Panchvati 1st Lane, Ambadevi, Ahemdabad |
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Date of Appointment : |
01-09-2000 |
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Name : |
Mr.
Shah Bhavesh B. |
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Designation : |
Director |
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Address : |
3,
Ramkrupa Appartment, Panchvati 1st Lane, Ambadevi, Ahemdabad |
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Date of Appointment : |
01-04-1999 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
No. of Shares |
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Mr.
Shah Baldevbhai N. |
10 |
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Mr.
Rakesh B. Shah |
21800 |
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Mr.Shah
Umesh.B |
21800 |
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Mr.
Shah Baldevbhai N. Rakesh B. Shah (Jt) |
1000 |
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Mr.Shah
Rakesh B. Shah Jaimini R. (Jt) |
1000 |
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Mr.
Shah Umesh B Shah Falguni U. |
1000 |
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Mr.
Shah Bhavesh B Shah Swati B |
1000 |
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Mr.
Shah Jaimini R. Shah Rakesh B (Jt) |
1000 |
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Miss.
Shah Falguni U Shah Umesh B |
1000 |
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Miss.
Shah Swati B Shah Bhavesh B (Jt) |
1000 |
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Mr.
Shah Baldevbhai N. Rakesh B. Shah
Shah Umesh B (Jt) |
1000 |
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Mr.
Shah Ranchodbhai N. Shah Umesh B |
1000 |
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Mr.
Patel Ishwerbhai J, Patel Rajesh I. , Patel Ratnaben I (Jt) |
10 |
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Mr.
Patel Abhesang P. Patel Ramesh A. Patel Chandu (Jt) |
10 |
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srmt.
Patel Prabhuen D Patel Laxmiben R Patel Gitaben V (Jt) |
10 |
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Mr.
Patel Amarang J Patel Laxmiben R , Patel Ramilaben A. |
10 |
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Mr.Patel
Dhanjibhai S, Patel Vasant J. , Patel Rayajibhai S(Jt) |
10 |
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Mr.
Vinod Patel I, Patel Manjulaben I, Khalas Chandrakant I(Jt) |
10 |
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Mr.
Patel Shravanbhai J. |
10 |
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Mr. Shah
Bhavesh |
20800 |
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Mr.
Shah Ranchhodbhai N. |
3500 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing & Marketing of Speciality
Chemicals for Civil Engineering industry. |
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Products : |
Concrete admixtures, Waterproofing systems,
Engineering grouts, Industrial flooring systems, Protective coatings,
Concrete repairs, Surface treatment, Prepacked concrete and mortar,
Polysulphide sealants, Roadcrete varieties of product for highway repairs. |
GENERAL
INFORMATION
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Customers : |
Reliance Petroleum
Limited Neyvelli Lignite
Corporation Nirma Limited. National Hydro
Power Corporation Limited National Thermal
Power Corporation Limited National Highway
Authority of India Steel Authority of
India Limited Nirma Limited, Bhavnagar |
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No. of Employees : |
30 |
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Bankers : |
The
Saraspur Nagarik Cooperative Bank Limited H.D.F.C.
Bank(0330795075003) H.D.F.C.
Bank (Plus-033221000734) |
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Banking Relations : |
Satisfactory |
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Auditors : |
J.P.
Patel & Company Chartered
Accountants |
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Address: |
B/33,
Third Floor, Ajanta Commercial Center, Ashram Road, Ahemdabad – 380014 |
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Tel. No.: |
91-79-27544689 |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
100000 |
Equity
Shares |
Rs. 10/- each |
Rs. 1.000 million |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
76980 |
Equity
Shares |
Rs.10/- each |
Rs.0.769 million |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.769 |
0.769 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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0.168 |
0.039 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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0.937 |
0.808 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
0.025 |
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2] Unsecured Loans |
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2.956 |
3.331 |
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TOTAL BORROWING |
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2.956 |
3.356 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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3.893 |
4.164 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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3.819 |
4.162 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.087 |
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DEFERREX TAX ASSETS |
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0.001 |
0.001 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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5.086 |
5.463 |
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Sundry Debtors |
|
10.170 |
6.778 |
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Cash & Bank Balances |
|
1.112 |
0.836 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
|
3.975 |
4.814 |
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Total Current Assets |
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20.343 |
17.891 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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20.177 |
17.876 |
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Provisions |
|
0.093 |
0.101 |
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Total Current Liabilities |
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20.270 |
17.977 |
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Net Current Assets |
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0.073 |
(0.086) |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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3.893 |
4.164 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
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Sales Turnover [including other income] |
|
33.441 |
35.587 |
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Profit/(Loss)
Before Tax |
|
0.222 |
0.197 |
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Provision
for Taxation |
|
0.093 |
0.081 |
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Profit/(Loss)
After Tax |
|
0.129 |
0.116 |
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Export
Value |
|
NIL |
NIL |
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Import
Value |
|
0.636 |
1.350 |
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Total
Expenditure |
|
33.218 |
35.389 |
KEY
RATIOS
|
PARTICULARS |
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|
31.03.2005 |
31.03.2004 |
|
PAT / Total Income |
(%) |
|
0.53 |
0.52 |
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Net
Profit Margin (PBT/Sales) |
(%) |
|
0.66 |
0.55 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
0.91 |
0.89 |
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Return
on Investment (ROI) (PBT/Networth) |
|
|
0.24 |
0.24 |
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Debt
Equity Ratio (Total
Liability/Networth) |
|
|
3.15 |
4.15 |
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Current
Ratio (Current
Asset/Current Liability) |
|
|
1.00 |
0.99 |
LOCAL AGENCY
FURTHER INFORMATION
Financial
Results :
Sales
The
total sales of the year were Rs. 0.323 as Rs. 34.011 for the previous year.
Profit before taxation is Rs. 0.222 as against profit of Rs. 0.197 for the
previous year.
Fixed
Assets
Computer
& Printer
Furniture
& Fixture
Artwork
& Positive
Lab
Equipment
Machinery
Motor
car
Telephone
Instruments
EPABX
system
A.C.
Machine
Refrigerator
Electrical
Installation
Factory
Building
Washing
Machine
New
Computer & Lap Top
Land
Purchase
Multimedia
Projector
Eta
Vibro Screen
Fax
Machine
Pedastel
Fan
Toshiba
1560 Copier
Form 8
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Name of the
company |
FAIRMATE
CHEMICALS PRIVTE LIMITED |
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Presented By |
Director |
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Date
and Description of the Instrument charge |
Deed
of Principle hypothecation dt 17th day of April 2000 Between M/S
FAIRMATE CHEMICALS PRIVTE LIMITED (thereon
and hereinafter called the company ) of the one part and GUJARAT STATE
FINANCIAL corporation (therein and hereinafter called ‘ GSFC’) of the other
part . No instruments was executed but on the 17th day of april
2000 the company created an Equitable Mortgage in favour of Guajart
corporation by depositing title deeds and documents with GSFC. Relating to
company’s immovable properties being to free hold land admeasuring at220000
sq. fts. Situated at R.S No. 129 , Block No. 235 Mahdev , Tal: Padra, Dist:-
Baroda all in the State of Gujarat with intent to create a security thereon
as and buy way of equitable mortgage present to the Resolution Passed by its
Border 1st day of March
2000 . |
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Amount secured by the charge/amount owing on the securities of charge |
Rs.
3.450/- (Rupees Three Point Four Hundred and Fifty Millions Only) |
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Short particular of the property charged.
If the property acquired is subject to charge, date of the acquired of the
property should be given |
The
whole of the movable and immovable properties of the company including the
company’s movable Plant and Machinery , Spares , tools, accessories, further
electrical installation ,furniture , fittings, fixtures, buildings, vehicles
and other movable structures, building godowns ,constructed or to be
constructed hereafter or to be (save and except book debt ) (therein after
collectively called the said properties ) short particulars where of are
given in Annexure “A” & “B” hereto. |
|
Gist of the terms and conditions and
extent and operation of the charge. |
In
consideration of GSFC having agreed to land and advance to the company the
said loan of Rs. 3.450/- it was agreed interalia as follows: Agreement
by the company to repay to GSFC the said loan of Rs.3.450 million within a
period of 7 years by 25 quarterly instalments to commce after 12 month from
the date of first instalments of the loan disbursed for the time to time
being irrespective of 17% p.a. In case availability of refinance from
IDBI,GSFC shall charge compound interest at the rate of 17% p.a. In
case GSFC decides to make interian disbursement this will not be construed as
section of financial assistance . In the absence of IDBI refinance interim
disbursement made by the GSFC , if any is liable to be recalled on demand at
the absolute discretion of GSFC . In the case of default either on principle
or interest or loan company shall pay additional interest per annum by way of
liquidated damages for the period in default and on the amount in defult .
The company shall be allowed 1% rebate on gross rate of interest in case of
prompt payment of interest and principle instalments on due date. As
security for due repayment to GSFC of all principle moneys interest and all
moneys to GSFC the whole of the movable properties of the company including
the company s movable plant and machinery, tools, accessories, furniture,
fittings, fixture, erections , vehicles and other movable assets (save &
except book debt ) and the immovable property of the company together with
structure super structures constructed or to be constructed there on at 22000
sq. fts. R.S.No. 129, Block No. 235, Mahdev, Tal : DistBaroda. In the state
of Gujarat and to be subject to the company’s Bankers on its stocks of raw
material goods in process ,semi finished and finished goods stores into
relating to plant & machinery or any spare parts thereof and other movable permitted by GSFC to
secure borrowings for working capital requirements GSFC
entitled to determined the amount to be advanced out of the loan or allow
outstanding . Certain
covenant on behalf of the company power of GBFC to inspect and include the
goods and accelerations of debts in certain events , specified therein power
of entry insure superintend and / or take possession of all or any of the
said goods, sell buy public auction or private contract the said goods in
such manner as GSFC should think fit etc. The
company shall maintain a minimum margin of 35% with an over all margin of
35.14 % on eligible security during the currency of loan. |
|
Name and Address and description of the
person entitled to the charge. |
Gujarat
State Financial Corporation Block
No. 10-11, Udyog Bhavan , Sector –11, Gandhinagar a state financial
corporation established for the state of Gujarat. |
|
Date and brief description of instrument
modifying the charge |
NA |
|
Particulars of modification specifying the terms and conditions or the extant or operation of the charge in which modification is made and the details of the Modification. |
NA |
Company Profile:
FAIRMATE group of companies, was established in 1982 by Shri.
Baldev Shah, their group CHAIRMAN.
FAIRMATE
has divergent activities like manufacturing, marketing, farming & financing
where major thrust is in manufacturing & marketing of speciality
chemicals for civil engineering industry. Under the aiges of the
Chairman and his continuous involvement, the company has progressed fast
towards distant horizons with power of above 250 personnel, all poised to grow
further and to become a market leader.
Since
1982, FAIRMATE is efficiently providing value added and quality oriented
services to the civil engineering industries.
FAIRMATE's
closely integrated environment made it to venture into construction chemicals
business, and since then, it is continuously and reliably serving all its high
valued customers to their utmost satisfaction
FAIRMATE
is manufacturing a comprehensive range of products like Concrete admixtures,
Waterproofing systems, Engineering grouts, Industrial flooring systems,
Protective coatings, Concrete repairs, Surface treatment, Prepacked concrete
and mortar, Polysulphide sealants, Roadcrete varieties of product for highway
repairs. The information given about products are based on both current
development work and many years of field experience.
The
marketing and manufacturing activities which are pre-excellence have been
further expanded to various parts of India and the neighbouring countries.
FAIRMATE has numerous satisfied customers within India and abroad.
Factory
Set Up:
The
Mother plant of FAIRMATE is located in Baroda in an area of approximately
2,00,000 sq. ft. surrounded by lush green field. The 25,000 sq. ft. plant area
is designed to accommodate manufacturing of both liquid and powder products to
the tune of 13,50,000 liters. & 15,00,000 kgs., capacity per month,
respectively.
The
confidence, trust & encouragement reposed on us by their esteemed clients,
consultants & well wishers prompted us to start their manufacturing plant
in Bangalore, Mumbai & Bhubneshwar and at all these plants, production has
been streamlined a view to extend their dependable services round the clock.
Future
Plants:
The
market opportunities necessitated their presence at overseas market and we
opted this opportunity to open a plant at Sharjaha, U.A.E.
Fairmate
Collaboration :
To
provide the international class quality products at affordable price FAIRMATE
has ventured into technical collaboration with, Resin Building Products
Limited, Doncaster, U.K. and Morton Chemicals, U.S.A.
Resin
Building Product of U.K. is one of the leader in European technology with a
very rich experience in Resin based speciality chemicals for civil engineering
application. It also manufactures a wide range of latest resin based products
for civil engineering with quality & value added services. They have joined
hands to bring the European Technology & marketing culture.
MORTON
CHEMICALS, U.S.A. the pioneers in manufacturing polysulfide products in the
world. Morton is the leader in the field of polysulfide products with their
technical support FAIRMATE is launching a very wide range of polysulfide
products.
Another
feather in Fairmate’s cap – procures selling rights for 5 countries including
India for latest technology Carbon Fibers manufactured by Hankuk Fibres
Limited., Korea in the year 2002
FAIRMATE
has entered technical tie up with Green Mountain Inc. of USA for their high
performance single pack polyurethane grouting for water leakage and soil
stabilization.
In
addition to this FAIRMATE has entered 2 more collaboration. One with Neptune
Research Inc. for their innovative product of glass fibre taps to solve leakage
from pipe, metal surface etc. & other with Polymeric System Inc. for their
epoxy putty for various applications.
Fairmate
Network:
To
provide international class of quality services. They have a wide team of
dealers, distributors and applicators. In additional to their dealer's team,
they have their own offices to provide technical & commercial support in
all major towns of the country.
Fairmate
has made its marketing plans keeping customers in centre point. They have made
their presence felt in market by offering quality products at reasonable price
with rapid and reliable services, back up by freely and readily available
technical advice and assistance.
Fairmate
Legal:
Information
in this document is subject to change without notice. No part of this document
may be reproduced or transmitted in any form or by any means, electronic or
mechanical, for any purpose, without the express written permission of Fairamte
Chemicals Private Limited. If, however, the only means of access is electronic,
permission to print one copy is hereby granted.
GENERAL
INFORMATION
Whilst
every effort is made to ensure that the information is reliable, they cannot
accept responsibility for any work carried out with their materials as they
have no control over methods of application, site conditions etc. In view of
the continuing research and development being undertaken in their laboratories,
they advise customers in their own interest to ensure that this information has
not been supersed by a more upto date publication. All products are sold
subject to their standard conditions of sale which are available on request.
Field services, where provided, does not Constitute supervisory responsibility.
For additional information, please contact the local FAIRMATE representative.
TRADEMARKS
All The
Products Has Registered Trade Mark. Other product and company names mentioned
herein may be the trademarks of their respective owners.
DATASHEET
INFORMATION
The information
given on each data sheet is based on both current development work and may
years field experience. Whilst every effort is made to ensure that the
information is reliable, they can not accept responsibility for any work
carried out with their materials as they have no control over methods of
application, site conditions etc. In view of the continuing research and
development being undertaken in their laboratories they advise customers in
their own interest to ensure that this data sheet has not been supersede by a
more up-to-date publication. All products are sold subject to their standard
conditions of sale which are available on request. Field services, where
provided, does not constitute supervisory responsibility.
TECHNICAL
SERVICE
While
new advances and changes will take place one thing will never change is quality
and meeting special needs of customer. Their laboratory in Baroda and technical
personnel & experts are available to provide additional information and
technical assistance. They are eager to work with you in development of new
product and solve the problem.
Quality
Policy:
"To
prosper through ultimate customer satisfaction by providing consistent quality
products, through continuous up-gradation of technology, at competitive prices."
Concrete
Admixture:
A
variety of chloride free and chloride based concrete admixtures for increasing
the workability of concrete which includes , Normal plasticizer,
Superplasticiser, Retarder, Slump retainer and Accelator etc.
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. 44.64 |
|
UK
Pound |
1 |
Rs.86.51 |
|
Euro |
1 |
Rs.58.62 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
YES |
|
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 |
|
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 |