MIRA
INFORM REPORT
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Report Date : |
22.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
CAPITAL BUSINESS SYSTEMS LIMITED |
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Registered Office : |
54/2, East Punjabi Bagh, New Delhi – 110026 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
31.10.1974 |
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Com. Reg. No.: |
55-7505 |
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CIN No.: [Company
Identification No.] |
U74100DL1974PLC007505 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELC06181A / DELC07082F |
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PAN No.: [Permanent
Account No.] |
AAACC0146L |
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Legal Form : |
A closely held public limited liability company |
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Line of Business : |
Manufacture and supply of custom made stationery goods. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 680000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track.
Financial position of the company is good. The company is doing well. It can
be considered good for any normal business dealings at usual trade terms and
conditions. The company can be regarded as a promising business partner in a
medium to long-run. |
LOCATIONS
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Registered Office : |
54/2, East Punjabi Bagh, New Delhi – 110026, India |
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E-Mail : |
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Website : |
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Head Address : |
30 - B, Prehlad Market, Karol Bagh, New Delhi – 110005, India |
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Tel. No.: |
91-11-25762034 |
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Fax No.: |
91-11-25753975 |
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Corporate Office : |
G N - 14, Shivaji Enclave,
Raja Garden, New Delhi - 110005, India |
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Tel. No.: |
91-11-45570066 / 67 |
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Fax No.: |
91-11-25107225 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Prakash Ved Khurana |
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Designation : |
Director |
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Address : |
54/2, East Punjabi Bagh, New Delhi – 110026, India |
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Date of Birth/Age : |
28.09.1928 |
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Date of Appointment : |
01.03.1994 |
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Election Commission Identity Card No.: |
DL06065030664 |
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Name : |
Mr. Ajay Khurana |
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Designation : |
Managing Director |
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Address : |
54/2, East Punjabi Bagh, New Delhi – 110026, India |
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Date of Birth/Age : |
17.08.1955 |
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Date of Appointment : |
03.01.1977 |
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Election Commission Identity Card No.: |
DL06065030660 |
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Name : |
Mr. Anuj Khurana |
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Designation : |
Director |
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Address : |
54/2, East Punjabi Bagh, New Delhi – 110026, India |
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Date of Birth/Age : |
03.08.1960 |
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Date of Appointment : |
01.04.1984 |
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Name : |
Mr. Aseem Khurana |
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Designation : |
Director |
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Address : |
54/2, East Punjabi Bagh, New Delhi – 110026, India |
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Date of Birth/Age : |
22.09.1982 |
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Date of Appointment : |
01.11.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Ajay Khurana |
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34950 |
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Anuj Khurana |
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34950 |
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Vandana Khurana |
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4000 |
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Rupa Khurana |
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5000 |
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V P Khurana – HUF |
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8000 |
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Ajay Khurana – HUF |
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8000 |
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Anuj Khurana – HUF |
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40 |
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Prerna Khurana |
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5000 |
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Raghvi Khurana |
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20 |
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Suvidhi Khurana |
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20 |
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Aseem Khurana |
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20 |
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Total |
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100000 |
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacture and supply of custom made stationery goods. |
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Products : |
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GENERAL
INFORMATION
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No. of Employees : |
About 250 |
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Bankers : |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
R. K. Relan and Company Chartered Accountants |
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Address : |
C – 26, Greater Kailash Part – I, New Delhi – 110048, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
10.000 |
10.000 |
10.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
160.640 |
139.676 |
110.277 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
170.640 |
149.676 |
120.277 |
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LOAN FUNDS |
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1] Secured Loans |
7.286 |
26.514 |
7.755 |
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2] Unsecured Loans |
0.000 |
0.000 |
3.412 |
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TOTAL BORROWING |
7.286 |
26.514 |
11.167 |
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DEFERRED TAX LIABILITIES |
6.634 |
7.717 |
2.359 |
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TOTAL |
184.560 |
183.907 |
133.803 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
68.297 |
56.096 |
17.530 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
6.389 |
2.494 |
10.551 |
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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 |
23.546
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28.857 |
7.219 |
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Sundry Debtors |
38.545
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77.468 |
74.279 |
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Cash & Bank Balances |
49.244
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25.469 |
11.773 |
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Other Current Assets |
0.012
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0.012 |
0.005 |
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Loans & Advances |
23.497
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21.087 |
28.323 |
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Total
Current Assets |
134.844
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152.893 |
121.599 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
25.012
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28.206 |
15.912 |
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Provisions |
0.000
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0.000 |
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Total
Current Liabilities |
25.012
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28.206 |
15.912 |
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Net Current Assets |
109.832
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124.687 |
105.687 |
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MISCELLANEOUS EXPENSES |
0.042 |
0.630 |
0.035 |
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TOTAL |
184.560 |
183.907 |
133.803 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
170.175 |
215.958 |
106.201 |
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Other Income |
2.123 |
3.814 |
1.426 |
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Total Income |
172.298 |
219.772 |
107.627 |
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Profit/(Loss) Before Tax |
23.521 |
34.693 |
4.286 |
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Provision for Taxation |
4.724 |
5.359 |
0.662 |
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Profit/(Loss) After Tax |
18.797 |
29.334 |
3.624 |
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Expenditures : |
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Raw Material Consumed |
75.461 |
119.019 |
0.000 |
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Consumption of stores and spares parts |
1.589 |
1.729 |
0.000 |
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Increase/(Decrease) in Finished Goods |
4.174 |
[5.596] |
0.000 |
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Salaries, Wages, Bonus, etc. |
3.420 |
2.652 |
0.000 |
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Managerial Remuneration |
1.187 |
0.530 |
0.000 |
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Interest |
0.905 |
1.842 |
1.007 |
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Insurance Expenses |
0.262 |
0.413 |
0.000 |
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Power & Fuel |
3.632 |
1.729 |
0.000 |
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Depreciation & Amortization |
10.448 |
7.795 |
2.584 |
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Other Expenditure |
47.699 |
54.967 |
99.751 |
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Total Expenditure |
148.777 |
185.080 |
103.342 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
10.91
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13.35 |
3.37 |
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Net Profit Margin (PBT/Sales) |
(%) |
13.82
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16.06 |
4.04 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
11.58
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16.60 |
3.08 |
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Return on Investment (ROI) (PBT/Networth) |
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0.14
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0.23 |
0.04 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.19
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0.37 |
0.23 |
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Current Ratio (Current Asset/Current Liability) |
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5.39
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5.42 |
7.64 |
LOCAL AGENCY
FURTHER INFORMATION
Bankers Charges
Report as per Registry
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Name of the company |
CAPITAL BUSINESS
SYSTEMS LIMITED |
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Presented By |
State Bank of
India, DSIDC, Rohtak Road Industrial Complex, Delhi |
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1) Date and description of instrument creating the change |
Deed of guarantee
for overall limit dated 13.04.2005 for credit facility to Khurana Brothers
Private Limited |
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2) Amount secured by the charge/amount owing on the securities of charge |
Letter of credit
limit of Rs. 3.000 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Charge of credit limit
of the company for the due repayments on demand to the bank of all monies
including the principal sums, interest, costs, charges, expenses and other
monies payable by the Khurana Brothers Private Limited |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Commission as per
bank rules. |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of India, DSIDC, Rohtak Road Industrial Complex, Delhi |
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6) Date and brief description of instrument modifying the charge |
----------------NA------------ |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
--------------------NA--------------- |
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U74100DL1974PLC007505 |
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Name of the
company |
CAPITAL BUSINESS SYSTEMS LIMITED |
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Address of the registered
office or of the principal place of
business in India of the company |
New Delhi – 110026, India |
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Type of charge |
Movable property |
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Particular of
charge holder |
Axis Bank A – 11, Vishal
Enclave New Delhi –
110027, India |
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Nature of
description of the instrument creating or modifying the charge |
Deed of
hypothecation of machinery and other moveable fixed assets |
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Date of
instrument Creating the charge |
24.07.2007 |
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Amount secured by
the charge |
Rs. 100.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: Interest /
commission shall be charged as may be prescribed by the bank from time to
time Terms of
repayment : Cash Credit –
Payable on demand Margin : As may be
prescribed by the bank from time to time Extent and
operation of the charge : 100 % Others : The said charge
is hypothecated to collaterally secure following granted by bank to the
company : Cash Credit : Rs.
50.000 Millions Bank Guarantee :
Rs. 50.000 Millions Total : Rs.
100.000 Millions |
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Short particulars
of the property charged |
Hypothecation of all
the moveable plant and machinery, furniture, fixture etc. both present and
future consisting of computer, generator and all other machineries etc. being
moveable properties now stored at or being stored or which hereafter be
brought into or stored at or present installed at G – 13, Udyog Nagar
Industrial Area, New Delhi – 110041, 85, Industrial Area, Phase – I,
Panchkula and Damdama Road, Village – Bhondsi, Gurgaon or wherever else the
same may be. |
FIXED ASSETS
- Land
- Plant and
Machinery
- Electric
Installation
- Fire
Extinguishers
- Generator
- Computer
- Voltage
Stabilizer
- Fans and Air
Conditioner
- Intercom and
EPABX
- Car
- Delivery Van
- Cycle
- Typewriter
- Scooter and
Motor Cycle
- Furniture and
Fixture
- Plant and
Machinery
- Lift
- Factory Building
- Office
Equipment
AS PER WEBSITE
PROFILE
Established in the year 1950 , under the name of Khurana
Brothers by its Chairman Mr. V.P.Khurana , the group has 6 companies and varied
areas of operation today . Beginning with manufacturing of Loose Leaf Binders
later , diversified its activities in the high technological field of Security
printing employing state of the art technology in tune with latest
international developments and import of latest machines to match its rapid
growth.
Their diversified interest has gone a long way to provide total customer
satisfaction with specialized services for better performance for their
customers. They have plunged into other areas of operations like Document
Imaging, Banking Equipment & Services, Stationery and Plastic Products. On
the edifice of quality and perfection, they provide international standard
products and services to their valuable clients.
With a strong infrastructure and a sound financial base the CBSL Group is set
to take quantum leaps of growth and play a vital role in trade and industry. To
continually adapt and cater to the varying needs of their customers and in
doing so, they shall constantly strive to improve the quality and reliability
of the goods they offer. Their Corporate Social Responsibility makes them to be
socially aware and responsible and benefit the societies in which they operate.
Mission
· Strengthen global market position
· Achieve cost and technology leadership
· Understand and satisfy customer
requirements
· Build a Corporate Identity throughout
the Company
Corporate Governance
Their Corporate Governance Principles combine the various
relevant legal regulations, the Company's Articles of Incorporation as well as
additional CBSL practices that have been developed over the years. Their
purpose is to guarantee transparent and responsible management and supervision
of the Company and to promote the long term confidence of their stakeholders,
business partners and employees, as well as that of the general public.
PRINTING
Established in the year 1974, Capital Business Systems
Limited (CBSL) is a member of Khurana Group of companies. Initially the company
took up the manufacture of Loose Leaf Binders to start with and later,
diversified its activities in the high technological field of Security printing
employing state of the art technology. It has kept its technology in tune with
latest international developments and import of latest machines to match its
rapid growth.
The company has most modern security printing press in Delhi and is engaged not
only in the printing of lottery tickets but also security forms like cheque
books, bank drafts, cash certificates, special security forms like sales tax,
ST-14 and ST-1 forms, Revenue receipt books, Entertainment and Passanger Tax
Stamps for Government Departments and Bus Tickets of Haryana Roadways besides
Ballot Papers of some State Governments. The company is also approved /
empaneled by Reserve Bank of India and Indian Banking Association.
With both confidentiality and better print management in mind, CBSL offers
secure printing solutions that match the level of security you need. In
addition, CBSL's consultants bring together a unique combination of knowledge
and expertise in order to design and develop world-class corporate printing
solutions.
• Security Printing
• Book Printing
• Commercial Printing
Document
Imaging
The company's Imaging Division is a professional software
and outsource provider of document management and imaging services to
business-to-business and business-to-consumer, their services includes:
• Document Management Software
• Archival including Scanning, Indexing
• Form Processing Services
• Document Conversion Services including
OCR/ICR, to different image and word processing
• Organize and manage digital content
They have implemented state of the art technology including high speed
scanners, Apple Macintosh systems, Imaging software, CD writers, CD servers,
DAT drives and more. They have hi-speed Internet access.
They have their offices in Chandigarh, Mumbai, Bangalore, Jaipur and Chennai
also.
• Domestic Division
• International Division
• Software
Banking
Equipment & Services
CBSL has a huge number of organizations using its Banking
Equipment & Services to make financial management a simple and effective
process. The services provide time saving benefits over manual processing and
also provide greater flexibility, reporting capabilities and cost-efficiencies.
• Machines
• Cash Management Solutions
• Record Management Solutions
• Cheque Trunkation
Stationery
Celex Industries (A Unit of apital Business Systems Ltd).,
is a fledgling offshoot of the prestigious CBSL group engaged in the
manufacture and supply of custom made stationery goods.
Their Office Products are a resultant of their passion for quality and offer
the most cost-effective solutions to your requirements. The features and finish
of their products are of the World Class standards. Celex Industries (A Unit of
apital Business Systems Ltd). is a part of group of Companies namely Capital
Business Systems Limited (parent company).
They specialize
They specialize in the manufacturing and supply of
custom-made products for a variety of commercial, domestic and international products.
Celex Industries (A Unit of apital Business Systems Ltd). have come with an
exclusive range of office stationary at very competitive rates. Their standard
offers include: Lever arch files, Suspension file, Divider & Index sheets
and Polypropylene range of products - Ring files, Punchless files, Clear bag,
Display book etc.
Customer Satisfaction
In recent years, consumer concerns pertaining to office stationery have
broadened substantially to include the environment and have become increasingly
sophisticated. To meet these concerns, retailers have had to offer a higher
level of services. To assist their retail clients in responding appropriately
to these requirements, they are also engaging in the development of new
products that take account of consumer needs.
They value
They (CBSL), value the driving force within them all to go
one step further. Not merely meeting the existing challenges but also
realizing, through technology, the most imaginative of dreams. They aim to
enhance their position in the market by continual upgradation of quality that
will enable today's vision to become tomorrow's reality.
Plastic
Division
Amazing Expansion Responding to the Wide Spectrum of
Plastics Industry Needs
Plastics find application in a broad spectrum of industrial zones, and the
scope of their usage indicates signs of virtually unlimited expansion. They
play a major role to respond to the increasing demand by offering a full range
of plastic materials in answer to market needs, from basic materials to
products, both in India and the rest of the world through CBSL's global
network. Especially in the evolving Asian market, in addition to existing
operating offices, they have established companies specializing in the
processing of plastics, logistics enterprises, and sales companies to
facilitate a more efficient development of their activities.
Services
The operating environment for corporations is undergoing
major changes, and CBSL, is meeting head on the challenge of entering new
business areas, and their activities in various units provide good examples of
CBSL's drive to enter new fields. Their strategy is to aggressively enter
downstream business that provides services to meet customers' needs in
virtually all the areas. Accordingly, their services differ from the
traditional perceptions of trading companies providing mainly upstream and
distribution services.
• Cash Management
• Record Management
• Document Management
Cash Management Solutions
A new CASH MANAGEMENT DIVISION has been created to cater
exclusively the growing demand of national and foreign banks for CASH RELATED
SOLUTIONS in a totally mechanized way ensuring Accuracy/ Quality/ Security as
per RBI norms, cost effective and efficie .
* Professionally managed premier Cash Management Solution Provider.
· State of the art infrastructure
· Excellent customer satisfaction
· One stop Cash Solution center, providing wide range of
machines and services
· Positive and flexible approach as per client requirements
CBSL with rich professional expertise and experience and constant endeavor to
provide services according to the commitment and need of its customers ensuring
strict control measures and security as deemed by their esteemed customers.
Services offered
Services
- Atm cash replenishment and allied services
- Cash processing with cash sorting machines
- Bulk cash pick-up and cash processing
- ATM - first line maintenance (flm)/ second line maintenance call
- Secured cash vaulting
- ATM cash/cheque deposit processing
- Coin sorting
- Coin wrapping
- Collection of cash from the client Bank for ATM replenishment.
Secured vaulting of cash
- Secured cash transportation to ATM sites.
- Secured ATM Cash Replenishment and Deposit collection from ATM/
Drop boxes.
- Monitoring smooth functioning of ATM sites by providing round the
clock FLM/SLM calls.
- Monitor site-maintenance (Housekeeping) on behalf of the Bank.
- Prepare and deliver timely EOD reports as the specific requirement
of the client Banks
- Prepare and deliver timely EOD reports as the specific requirement
of the client Banks
- Maintain all records in a scientific way.
- Coin wrapping Provide MIS reports.
- Monitor functioning of the ATM machines vis a vis its customers
- Help Desk 24 hrs a day to attend to FLM calls and coordination with
staff and clients
Infrastructure
CASH MANAGEMENT DIVISION is operating from the new premises constructed in
their owned building at GN14, Shivaji Enclave near Raja garden New Delhi, a
prime location adjacent to new Shivaji Commercial complex at Raja Garden. The
Cash Vault has been constructed as per International banking standards and RBI
specifications for ‘A’ class Currency Chest. It has all new electronic gadgets
for security and access to the premises.
1. Vault / Processing area
Strong room/Vault Area - 200 sq.ft.
Currency Processing Area- 1000 Sq.ft.
Area for processing deposit Envelopes/ Storage equipment for
cash valuables in the vault/strong room in the Cash Bins.
2. Security arrangement
- CCTV System with DVR card for 24 hour recording.
- Panic switch alarm
- Radio Equipment
- Vibration sensors
- Passive infra-red movement system
- Security door lock system - three tier interlocking system.
- Control panel for security system
- Magnetic door switch
- Electronic hooters
- Fire Alarm system
- Smoke detectors
- Remote response Indicators
- Auto dialer
- Auto Trip Power
d. Generator of suitable capacity
e. Round the clock security by armed guards
3. Cash sorting machines
Processing with Cash Sorting machines with a fully
mechanized, wherein Cash is processed (Sorted).
Capacity to sort Cash more than 1000 bundles of any
denomination every day.
4. Cash van
Their cash van is custom fabricated adhering to all security
norms and strictly following banking requirements in this regard. Cash Van will
be supported with one driver, one/two Armed Security Guards (as per requirement
of the client bank) and two cash custodians.
Insurance
All their operations have adequate insurance coverage. Fidelity insurance
covers all the employees. Insurance for cash in transit and cash in vault will
be under Bank’s current insurance policy.
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.39.39 |
|
UK Pound |
1 |
Rs.78.02 |
|
Euro |
1 |
Rs.56.77 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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. |
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 |
|