MIRA
INFORM REPORT
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Report Date : |
27.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
PBG EXIM PRIVATE LIMITED |
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Registered Office : |
1484, 1st Floor, Opp. Old Court Road, Near Ritz Cinema,
Kashmere Gate, Delhi – 110006, |
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Country : |
India |
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Date of Incorporation : |
09.09.2005 |
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Com. Reg. No.: |
140562 |
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CIN No.: [Company
Identification No.] |
U51909DL2005PTC140562 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject proposes to start manufacturing different type of gears. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and has not commenced commercial operations.
No further details could be made available. The company can be considered for any business dealings on fully safe
and secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
1484, 1st Floor, Opp. Old Court Road, Near Ritz Cinama,
Kashmere Gate, Delhi – 110006, India |
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Tel. No.: |
91-23868942/23865300 |
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Mobile No.: |
91-9810030346 |
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E-Mail : |
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Website : |
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Area : |
600 sq. ft. |
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Location : |
Owned |
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Head Office/Factory : |
B-44/1, Site-IV, Shibabad, District Ghaziabad – 201010, Uttar Pradesh,
India |
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Tel. No.: |
91-120-2895386/2895320/2895344/2896075 |
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Fax No.: |
91-120-2896059/2896099/24617032 |
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E-Mail : |
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Area : |
1200 sq. ft. |
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Location : |
Owned |
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Factory : |
7-8, Mile Stone, Muchiwara, VPO: Bharma Kalan, Kuhara Muchiwara Road,
Ludhiana – 140001, Punjab, India |
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Tel. No.: |
91-161-506580 |
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Area : |
1100 sq. ft. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr. A S Johar |
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Designation : |
Director |
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Address : |
183, Jorbagh, New Delhi – 110003 |
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Date of Appointment : |
09.09.2005 |
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Name : |
Mr. Shubhendra Nigam |
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Designation : |
Director |
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Address : |
R-2/69, Raj Nagar, Ghaziabad – 201002 |
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Email: |
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Date of Appointment : |
09.09.2005 |
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Name : |
Mr. Raja Gopalan Nair |
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Designation : |
Director |
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Address : |
4-D, Pocket -4, Mayur Vihar, Delhi – 110091 |
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Tel No.: |
91-11-22714681 |
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Date of Appointment : |
09.09.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Mr. A S Johar |
20000 |
40% |
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Mr. Shubhendra Nigam |
20000 |
40% |
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Mr. Raja Gopalan Nair |
10000 |
20% |
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Total |
50000 |
100% |
BUSINESS DETAILS
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Line of Business : |
Subject proposes to start manufacturing different type of gears. |
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Products : |
Different type of gears
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Brand Names : |
PBG |
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Exports : |
Subject wants to start export |
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Imports : |
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Products : |
Machinery |
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Countries : |
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Terms : |
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Selling : |
No Sales Till Date |
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Purchasing : |
L/C, Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
Daewoo Motors, Korea (The Cost of Machinery is Rs.15.000 Millions) |
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No. of Employees : |
6 Employees at Present (Proposed 30) |
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Bankers : |
ICICI Bank Limited, New Delhi – 110001 |
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Facilities : |
Yes |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Jitender Kumar, Sanjeev and Associates Chartered Accountants |
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Address : |
C-763, New Friends Colony, New Delhi - 110065 |
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Parent Company: |
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Name: |
Punjab Bevel
Gears Limited |
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Address: |
107, Chopra Complexpreet Vihar, New Delhi – 110092 |
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CIN: |
U34300DL1979PLC00994 |
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Authorised Capital: |
Rs.100.000 Millions |
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Paid Up Capital: |
Rs.66.126 Millions |
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Associates/Subsidiaries : |
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Factory: |
B-44/1, Site-IV, Shibabad, District Ghaziabad – 201010, Uttar Pradesh,
India |
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Tel No.: |
91-120-2895386/2895320/2895344/2896075 |
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Fax No.: |
91-120-2896059/2896099/24617032 |
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Email: |
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Website: |
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Sales Turnover : |
Rs.950.000 Millions |
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No. of Employee: |
300 |
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Name: |
Jai Exim Private
Limited |
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Address: |
1484, 1st Floor, Opp. Old Court Road, Near Ritz Cinama,
Kashmere Gate, Delhi – 110006, India |
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Tel No.: |
91-23868942/23865300 |
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CIN: |
U74899DL1994PTC059177 |
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Authorised Capital: |
Rs.0.500 Million |
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Paid Up Capital: |
Rs.0.114 Million |
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Incorporate Date: |
23.05.1994 |
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Activities: |
Manufacturers and Exporters of universal joints, gears, axle shafts,
propeller shafts, crown Wheels and pinions for automobiles. |
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Email: |
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Sales Turnover : |
Rs.50.000 Millions |
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Name: |
Jai Auto Private
Limited |
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Address: |
107, Chopra Complex Community Centre, Preet Vihar, New Delhi – 110092 |
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CIN: |
U74899DL1978PTC009325 |
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Registration No: |
009325 |
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Authorised Capital: |
Rs.2.500 Millions |
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Paid Up Capital: |
Rs.1.849 Millions |
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Incorporate Date: |
18.11.1978 |
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Email: |
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Sales Turnover : |
Rs.100.000 Millions |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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50000 |
Equity shares |
Rs.10/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity shares |
Rs.10/- each |
Rs.0.100
Million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2007 |
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Sales Turnover |
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No sales till
Date |
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Expected Sales (2007-08) : Rs.0.500 Million after 1st year
LOCAL AGENCY
FURTHER INFORMATION
Note:
Subject proposes to start manufacturing different type of gears.
Project Cost is Rs.60.000 Millions
Production will be strat within 3-4 Months
Profile
of Punjab Bevel Gears Limited : (Parent
Company)
Punjab Bevel Gears -
Punjab bevel gears Limited.! innovation leadership and enduring product
reliability, based on years of the extensive knowledge in Crown Wheel and Pinion, Transmission Gear
shafts, Differential bevel Gear and Axle Shafts, are the cornerstones of
its success in the market. Now PBGL with more than 2000 items is one of the
leading manufacturer and exporter of Automobile Spare Parts suitable for
various segments.
Mastery of Diverse technologies by using CAD, CNC machining and avant-garde
inspections and quality control equipments, PBGL offers an in exhaustive
quality product for all type of Ring Gear Pinion, Transmission Gears, Shafts
for all type of Heavy Commercial Duty,
Light Commercial Duty, Agricultural
Tractor Parts, Car segments and Earth Moving Equipment.
PBGL is a leading manufacturing company for agricultural tractor parts for Massey Ferguson, Ford,
New Holland, Fiat and Romania. Their product range for these tractor parts
speaks itself their strength of manufacturing and capability. They have all
type of Transmission and Differential
Gears for various models.
PBGL Quality Management System is certified to the ISO 9001:9002 Standards and
PBGL has fully implemented ISO Standards throughout its business processes such
that the customer’s requirements are met totally towards sales, purchasing,
manufacturing and aftermarket service process. This allows PBGL to provide high
quality products and engineered solutions that meet customer’s needs while
continuing improvements in products and solutions that can meet future
expectations.
PBGL has a very strong presence in overseas market- Europe, America, Africa and Asia. PBGL maintains high standards of
Quality in each gear that comes out of its production facility right from the
metallurgical controls of the steel and and forging to precision on gear
cutting, Heat treatment and Finishing.
At PBGL, a dedicated team of Engineers in Design and Development is constantly
involved in developing new products and upgrading existing range of products.
PBGL manufactures a wide range of Hypoid and Spiral Bevel Gears, Differential Gears, Parallel Axis Gears –
Spur and helical and Transmission Shafts. PBGL can offer world class
Gleason and Oerlikon Systems of Hypoid Gear generation, Coniflex System of
Straight Bevel Generation, Gear Hobbling, Spine Rolling, gear Shaping and Gear
shaving.
PBGL’s professional team is constantly upgrading their knowledge in order to
provide unmatched level of professional support to their customers. Through a
regimen of continuous improvement, PBGL is in forefront of the industry with
Quality and Cost Competitiveness. This has allowed PBGL to win and keep
customers.
The process adopted in PBGL integrates the latest inspection
techniques and equipments that allow them to provide products that will satisfy
the most demanding requirements.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.39.39 |
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UK Pound |
1 |
Rs.78.02 |
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Euro |
1 |
Rs.56.77 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
- |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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8 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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