MIRA
INFORM REPORT
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Report Date : |
29.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
VESSER
ENGINEERING SERVICES PRIVATE LIMITED |
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Registered Office : |
108,
New Civic Centre, Bhilai-490006, Chattisgarh |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
27.09.1996 |
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Com. Reg. No.: |
10-11270 |
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CIN No.: [Company
Identification No.] |
U74210MP1996PTC011270 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
JBPV00418F |
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PAN No.: [Permanent
Account No.] |
AABCV0545K |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Trader
of Mechanical Equipments and Steel Plant Equipments |
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 and reputed company having satisfactory track.
Directors are reported as experienced and respectable businessmen. Trade
relations are reported as fair. Business is active. Payments are usually
correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered Office : |
108,
New Civic Centre, Bhilai-490006, Chattisgarh, India |
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Tel. No.: |
91-788-2261584/
4091024/ 4032674 |
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Mobile No.: |
91-9826161492 |
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Fax No.: |
91-788-2220165 |
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E-Mail : |
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Area : |
3300
Sq.ft. |
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Location : |
Owned
(3 Storeyed) |
DIRECTORS
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Name : |
Mr.
Baljit Singh Dhami |
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Designation : |
Director |
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Date of Birth/Age : |
47
years |
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Qualification : |
Graduate |
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Experience : |
20
years |
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Name : |
Mr.
Sukhjitsingh Dhami |
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Designation : |
Director |
BUSINESS DETAILS
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Line of Business : |
Trader
of Mechanical Equipments and Steel Plant Equipments |
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Products : |
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Imports from : |
Europe,
USA, Canada, China and Japan (Will start importing from Korea) |
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Terms : |
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Selling : |
-- |
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Purchasing : |
L/C
and Direct |
GENERAL
INFORMATION
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Suppliers : |
Ø
Anil
Agencies Ø
Ansh
Computer Ø
Subh
Honda Ø
Ganapati
Motors Ø
Sachdeva
Sales Private Limited Ø
Priti
Mobile Point Ø
Shri
Bajranj Sports Ø
Shiva
Scrap Corporation Ø
Anand
Mangal Electrical Ø
Smriti
Cement and Steel Ø
David |
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No. of Employees : |
10 |
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Bankers : |
State
Bank of India, Commercial Branch, Bhilai |
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Facilities : |
Secured Loans :
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Banking Relations : |
Satisfactory |
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Auditors : |
B.
Vishwanath & Company Chartered
Accountants Block
No.7, 1st Floor, Himalaya Complex, G.E. Road, Bhilai-490023,
Chandigarh |
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Tel. No.: |
(O)
91-788-4039084/ 3295182 (R)
2392853/ 2392654 |
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Mobile No.: |
91-9827116791 |
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Fax No.: |
91-788-4039136 |
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E-Mail : |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs.10/- each |
Rs.1.000 millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
200 |
Equity
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Rs.10/- each |
Rs.0.002 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.312 |
0.312 |
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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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1.809 |
1.353 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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2.121 |
1.665 |
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LOAN FUNDS |
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1] Secured Loans |
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1.163 |
0.682 |
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2] Unsecured Loans |
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5.430 |
0.325 |
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TOTAL BORROWING |
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6.593 |
1.007 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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8.714 |
2.672 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.833 |
1.983 |
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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 |
0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.500 |
0.300 |
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Sundry Debtors |
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0.643 |
0.000 |
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Cash & Bank Balances |
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0.607 |
0.464 |
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Other Current Assets |
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0.561 |
0.314 |
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Loans & Advances |
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5.061 |
1.795 |
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Total Current Assets |
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7.372 |
2.873 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.611 |
1.594 |
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Provisions |
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0.881 |
0.592 |
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Total Current Liabilities |
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1.492 |
2.186 |
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Net Current Assets |
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5.880 |
0.687 |
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MISCELLANEOUS EXPENSES |
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0.001 |
0.002 |
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TOTAL |
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8.714 |
2.672 |
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PROFIT
& LOSS ACCOUNT
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PARTICULARS |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover [including other income] |
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28.116 |
20.700 |
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Profit/(Loss)
Before Tax |
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1.407 |
1.157 |
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Provision
for Taxation |
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0.951 |
0.453 |
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Profit/(Loss)
After Tax |
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0.456 |
0.704 |
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Total
Expenditure |
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13.579 |
12.527 |
KEY
RATIOS
|
PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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1.62 |
3.40 |
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Net
Profit Margin (PBT/Sales) |
(%) |
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5.00 |
5.59 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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13.79 |
23.83 |
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Return
on Investment (ROI) (PBT/Networth) |
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0.66 |
0.69 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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3.81 |
1.92 |
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Current
Ratio (Current
Asset/Current Liability) |
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4.94 |
1.31 |
LOCAL AGENCY
FURTHER INFORMATION
Trade References :
Ø
Jindal
Steel
Ø
Bhilai
Steel Plant
Ø
Vishakhapatnam
Steel Plant
Company’s
fixed assets include Electrical Fittings, Furniture and Fixture, Air
Conditioner, Office Equipment, Bajaj Suffire, Computer, Ford Icon Car, Honda
Scooter, Mobile (Nokia), Colour T.V., Hero Honda (Karizma), Maruti Car, Tavera,
Office Renovation, Honda City and Maruti Swift.
Website Details :
Subject is a business house providing procurement and consultancy services in industrial equipment, spares and technical supplies for operational requirements of manufacturing units, primarily in Steel, Cement and Power sectors.
Subject's Head Office is located in Bhilai, an industrial township in the
central Indian state of Chhattisgarh.
Subject acts as an interface for a number of leading international companies in
providing timely and cost effective technology and equipments/spares as per
client requirements.
The Vesser website is an attempt to reach out to a broader cross-section of
both technology providers and end-users.
Overview
Established in 1996, subject is a compact yet highly motivated business house
providing procurement and consultancy solutions in industrial equipment, spares
and technical / material supplies for operational requirements of manufacturing
units, primarily in Steel, Cement and Power sectors.
In a decade of existence, subject has established techno-commercial
associations with more than 40 national and international organizations (see
Associations) and a long list of satisfied end-user clients.
Subject is justly proud
of its track record, and aims to build and improve relationships as it moves
ahead towards newer associations.
Location
Subject’s Head Office is located in Bhilai, an industrial township in the
central Indian state of Chhattisgarh. The area surrounding Bhilai is a hub of
heavy engineering and cement manufacturing units, and Bhilai itself is perhaps
best known for the Steel Authority of India Limited - Bhilai Steel Plant, one
of the world's premier integrated steel manufacturing units.
Bhilai is extremely well connected to all parts of India by Rail network, and
the nearest Airport is at a distance of merely 40 Kms in Raipur, the capital
city of Chhattisgarh state. Needless to say, this central geographical location
provides any motivated business house in Bhilai an advantage in networking with
people and organizations across the length and breadth of India.
Services
Subject’s services can be broadly classified under the following categories:
Procurement wherein a client decides on the equipment,
spares or supplies and/or the manufacturer, and Vesser uses its resources to
deliver the same to the client location, and
Consultancy wherein Vesser analyzes the client requirements
and suggests the specific equipment, spares or supplies to be procured. On
agreement and validation, subject then undertakes the procurement process for
the client.
Subject also undertakes Turnkey assignments in association with its Solutions
Associates.
Subject also supplies raw material and refractory material for Steel and Cement
plants.
Testimonials
In a highly competitive business environment, associate and/or client
information is privileged. However, Vesser can freely provide references and
testimonials on relevant requests.
Objectives
To act as an techno-commercial interface between Technology Providers and
End-Users in providing on-time and cost effective delivery of technology,
equipment, spares, technical supplies.
Subject is a representative for
more than 40 national and multinational technology companies. Given below are a
few of Vesser's prime associations.
Advanced Machine & Engineering Company USA
Advanced Machine & Engineering
Company is a pioneer in the field of Cutting Machines & Spares for
Cutting Machines.
AME has a track record of more than 35
years in developing new machines and tooling technology for carbide sawing.
Today, as the search for newer and better ways of producing parts intensifies,
more and more companies are turning to AME for dramatic gains in carbide sawing
technology.
Centa Transmission Limited UK
Centa Transmissions is an independent
mechanical power transmission company specialising in the supply of engineered
drive solutions for a wide range of industrial, precision automation and
processing drive applications.
Since its formation in 1970, Centa has
mainly concentrated on solving application problems involving flexible
couplings and especially those involved with torsional vibration. More than 6
million CENTA couplings have been installed successfully, many in difficult
applications, all over the world.
Claudius Peters Projects GMBH Germany
Claudius Peters Projects GmbH are
a subsidiary of Claudius Peters Technologies a Langley Group Company and are
one of the leading people in the field of Coal Dust Injection System.
Claudius Peters successfully designs, supplies,
installs and commissions individual technologies. They bring together several technologies,
including technologies from other houses to offer clients the convenience of
placing a single contract with in-house turnkey capability and comprehensive project
management facilities.
CMD Transmission France
CMD is
a world leader in the field of high torque and low speed drives.
The company
designs, produces, installs and carries out maintenance on products designed
for the specific requirements of their customers. Their know-how is focused on
high torque and low speed units – a field in which gear drives are a key
element of industrial processes.
Cosmic Industries Company Limited Japan
Cosmic Industries Company, Japan are the original manufacturers of Motor
Cylinders and allied products and are executing many projects all over the
world with Kawasaki Steel and others.
Derek Parnaby
Cyclones International Limited UK
Derek Parnaby Cyclones International Limited., UK are the leading manufacturers
of Belt Press Filters for Coal Washery and suppliers of original spares of the
same.
The company was founded in 1960 by Derek Parnaby who developed the world famous
'Parnaby Process' of minerals separation using barrels and cyclones. In 1974 it
started manufacturing the dense medium washing plant and in the late 1970's it
began developing effluent treatment systems. Today Parnaby Cyclones designs and
produces systems and equipment for a wide range of industries including
aggregates, recycling and water.
Don Valley Engineering Company Limited UK
Don Valley Engineering
Company Limited., UK are one of the best manufacturers of Centrifuges required
in Coal Washery and have executed successfully the supply and erection of their
machines all over the country.
They serve all major base material and supply industries in the United
Kingdom. These include the mining, quarrying, chemical, steel making,
sugar and cement industries, and their experience has led them into the
successful bulk handling of coal, coke, iron ore, sinter and pellets, cement
clinker, hard rock, limestone, sand lime, phosphates, fertilisers, sugar and
vegetable products.
Dr. W. Ostermann Germany
Dr.W. Ostermann GmbH are one of the original manufacturers of Helical Gear
Units, spur gears etc. for
Heavy Engineering
Industries viz. Steel, Cement etc.
They are successful in selling special series of gear units to run wet cooling
towers as well as individually developed and manufactured gear units of a
maximum weight up to 30.000 kg per unit which are used to drive machines in
steel mills and mixers.
Hahn GMBH Germany
Hegwein company specializes in gas burners, pilot burners and control
equipment. Over the past half-century, Hegwein products have proven themselves
repeatedly to be the standard in durability and performance. Applications range
from steel mills, to chemical, heat treatment and power plants. The Hegwein
company strives daily to further develop its burner technology, ensuring that
safety and functionality remain unsurpassed.
Inteco Special Melting Technologies Austria
Inteco is a full fledged engineering company offering a wide scope of products
and services in the Steel Making process such as melt shop solutions for
specialty bar and super alloy grades comprising melting, refining and casting
technology. Its range of services include Consulting, Engineering, Project
Management and Technology Transfer.
KAMAT-
Pumpen GmbH & Company KG Germany
KAMAT,
is a leader in high pressure systems, driven by engines and motors of
well-reputed manufacturers.
KAMAT offers economical, environmentally-accepted solutions to solve industrial
cleaning demands; providing systems for removal of various coatings without the
need for any additives; for cleaning without chemicals; for hydraulic applications
without oil, and for cutting in a dust-free atmosphere.
The drive sources selected by KAMAT are of internationally accepted standards
and technical support is available on a worldwide basis.
KWK
Kowa Corporation Japan
L
Bernard France
L. BERNARD company designs and
manufactures electric actuators for the valves and damper industry. Important
elements of any control process, actuators insure the interface between command
systems and valves. Modulating actuators are among the most important devices in
all modern industrial units.
L Bernard's complete product range is designed to fullfil the needs of
all markets, energy, water, industrial and oil & gas and the company
manufactures 35.000 actuators per year for On/Off and Modulating applications.
Lenzing
Technik GMBH Austria
The
company's world-wide operations focus on project management including the
supply of equipment, consulting and the provision of services in the fields of
- Fibre and Pulp Technology, Viscose Technology, Separation Technology, Environmental
Technology, Mechanical Construction & Industrial Automation Services, and
Mechatronics - Electronics, Marking Systems and Robotic.
Mogensen
Gmbh & Company KG Germany
Mogensen specializes in products for reclamation of valuables from
recyclable products. Products systems include Opto-electronic colour sorting
systems for highest achievable qualities and throughput.
X-ray based sorting systems for the processing and treatment of waste.
Particle sizes from 1 to 250 mm. Lowest maintenance requirements and highest
reliability proven in more than 250 units sold
MWE Germany
MWE Magdeburger Walzwerk Engineering
GmbH, a business established on 20 September 2001, keeps up the long tradition
of SKET Walzwerkstechnik GmbH (which discontinued operations on 30 June 2002)
to build small and medium-sized plant, lines and components of the rolling mill
and metallurgical industry.
OEL Technik France
OELTECHNIK is specialized in the
engineering and manufacturing of Lube Oil Consoles, Heat Exchangers, Filters
and Pressure Vessels. This equipment is made per unit in accordance with the
customer's specifications, codes and land rules.
OEL Technik has been ISO 9000 and
U-STAMP certified for many years but is also able to meet the needs of all
codes and various requirements existing all around the world.
Osaka Jack Company Limited Japan
Hydraulic presses, Metal Powder
presses, Forging presses, Other forming machines.
Osborn International Germany
When talking of industrial
brushes, or more accurately flexible surface processing tools, Osborn Intl. are
not only the premier world partner for industry but also for engineers,
merchants, wholesalers, the retail trade and builders merchants.
Up-to-date production methods, international exchange of applications and
detailed analysis of customer requirements allow them to maintain the highest
quality standards and to improve the technological advantages they offer.
Pieper Germany
Pieper are one of the few
'group-independent' suppliers in the German video and security technology
market and certified to DIN EN ISO 9001. The company develops, designs, builds
and installs complete video and security systems for virtually all types of
applications worldwide.
Quinghua Refractories China
Qinghua Refractories Group is a large-scale enterprise group integrated with
technical development, industrial production and world trade. It has six entity
firms and one provincial level scientific research institution, with a combined
workforce of 3000 staff and workers, including about 250 experts and
technicians.
The Group takes the basic family magnesia refractory as its leading products.
It ranks first in terms of both further processing capability and actual level
for magnesia products in China. Qinghua Refractories Group is an ISO9002
organization.
Renold Precision Technologies UK
Renold is a precision engineering group offering a range of superior quality
engineered, precision products to its global customers. With manufacturing and
sales companies in nineteen countries, Renold operates in two main product
sectors - Power Transmission - including chain, gears, couplings and clutches;
and specialist Machine tool and rotors, through Renold Precision Technologies
(incorporating the Holroyd, Jones & Shipman and Edgetek businesses).
Siemens VAI Germany
Two of the most successful technology partners of the iron, steel and aluminium
industries, VAI and Siemens Metals, have joined forces to bring together the
mechanical and electrical worlds even more effectively. Siemens VAI offers
Turnkey Metallurgical Plant building, Mechanical solutions, Electric &
Automation solutions, and Mechanical, Electrical and Metallurgical services.
Also provides expertise in auxiliary processes such as water technology,
environmental technologies, power supply and logistics.
Specialized Belting Supplies Limited UK
Since 1984 Specialised Belting Supplies, SBS, has been committed to the
development of the Conveyor Belt system. The launch of S-Wall represents
the latest developments in steep angle conveying using the Sidewall Conveyor
Belt System.
S-Wall is the latest generation of Sidewall Conveyor Belts, following a
considerable investment programme we now produce the profiles at our new
dedicated factory in Thetford, Norfolk, England.
Stein
Industrie Anlagen Germany
Stein Industrie Anlagen is an efficient
operating company for more than 25 years experience in bulk material handling.
Specialized in pneumatic conveying, dosing and injection technology. Patented
parts and process technologies for various range of applications. Strong
reputation in a variety of industries by concentrating on optimized cost-saving
and efficient solutions.
Walter
Brinkmann Germany
Walter
Brinkmann supplies turn key combustion systems for thermal processes in the
iron & steel, aluminium, lime as well as in the chemical industry. Their
competency results from a century of experience and thus makes them a leader
regarding engineering, know-how and process technology for the iron, aluminium
and copper industry in the segment of industrial burners and heating systems.
The activities of Walter Brinkmann are covering project management, design,
manufacture, supply, erection and commissioning in the field of combustion
systems and thermal plants.
Zimmermann
& Jansen Germany
Zimmermann & Jansen has been producing valves for virtually every
field of industrial application, mainly to customer specifications. An
increasing specialisation in products for the iron and steel industry, the
chemical and petrochemical industry and the glass industry has marked the
company’s expansion over the last few decades.
Zollern-BHW
Gleitlager GMBH & Company KG Germany
Their actual production program covers
the whole range of plain bearings for large sized Diesel engines and general
industrial applications. These bearings especially are destinated for large
Diesel engines for marine propulsion, railroad traction and power supply as
well as for large compressors, turbines, gears and electromachines. Besides
bearings for cement- and oremills, thrust pads, pedestal bearings, tilting
pads, hydrostatic and aerostatic bearings and a large variety of special
bearings and multilayer compound elements are produced.
Vesser is also
the Authorized Distributor for the following Indian companies
Wacker
MetroArk Chemicals Private Limited, Kolkata
Delimon
Protos, Mumbai
Rockside
Consultants Private Limited, Mumbai
Keld Ellentoft
India Private Limited, Chennai
Products :
Vesser usually
specializes in the supply of New Equipment or Spares or Supplies for the Steel,
Cement and Power industries.
Actuators
Representation L Bernard
Belt Press Filter for Coal Washeries
Representation Derek Parnaby
Conveyor Belts Specialized for Blast Furnace
Representation Specialised Belting Supplies
Brushes
Representation Osborn International
Burner & Blower for Ladle Heating of Convertor
Representation Walter Brinkmann
Bushes Specialized for critical operations in Steel Industry
Representation Zollern
Centrifuges for Coal Washeries
Representation Don Valley
Coal Dust Injection System for Blast Furnace
Representation Claudius Peters Projects
Couplings Specialized for critical applications
Representation Renold, Centa, OEL Technik
Cylinders Specialized for critical applications
Representation Hahn, Cosmic
Gear Boxes
Representation CMD, Dr. W. Ostermann
Gear Couplings
Representation Siemens VAI
Hydraulic Jacks & Hydraulic
Pumps
Representation Osaka
ID Fan, Impeller
Representation Siemens VAI
Injection Technology For Steel Desulphurization
Representation Stein
Marking & Stamping Machines
Representation Lenzing Technik
Monitoring Systems
Representation Mogensen
Pumps
Representation KAMAT, KOWA, Delimon (India)
Saw Blades & V-Belts
Representation Advanced Machine & Engineering
Shafts & Sleeves
Representation MWE
Valves for Steel Plant Application
Representation MWE,
KOWA, Zimmermann & Jansen
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.44.17 |
|
UK
Pound |
1 |
Rs.86.66 |
|
Euro |
1 |
Rs.57.25 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
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 |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|