MIRA INFORM REPORT
|
Report
Date : |
22.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
A G GRANITES PRIVATE LIMITED |
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Registered
Office : |
S F No. 314, Muthu Gounder Colony, Dharmapuri District,
Harur – 636 903, Tamilnadu, India (Shifted to Coimbatore) |
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Country
: |
India |
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Financials
(as on) : |
31.03.2006 |
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Date
of Incorporation : |
04.08.1998 |
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CIN
No.: |
U1402TZ1998PTC010232 |
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Com.
Reg. No.: |
18-10232 |
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TAN
No.: (Tax
Deduction & Collection Account No.) |
CHEA10474C |
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PAN
No.: (Permanent
Account No.) |
AABCA8182H |
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Legal
Form : |
Private Limited Liability Company |
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Line
of Business : |
Manufacturer and Exporter of Granites cuts and polished,
Monument Blocks. |
RATING & COMMENTS
|
MIRA’s
Rating : |
Ba |
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum
Credit Limit : |
USD
500000 |
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Status
: |
Satisfactory
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Payment
Behaviour : |
Regular |
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Litigation
: |
Clear |
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Comments
: |
Subject is a well established company having satisfactory
track. Directors are reported as experienced, respectable and having
satisfactory track records. Trade relations are fair. Nothing adverse
reported. The company can be considered normal for business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
S F No.
314, Muthu Gounder Colony, Dharmapuri District, Harur – 636 903, Tamilnadu,
India (Shifted to Coimbatore) |
|
Tel.
No.: |
91-4346-222555/
222266 |
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Fax
No.: |
91-4346-222666 |
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E-Mail
: |
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Website
: |
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Area : |
Leased |
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Mines
: |
Dharampuri District, Near Salem, Hosur, Tamilnadu |
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Factory
1 : |
Flat 2-AB 4th Block, Kences Enclave , 1 - Ramakrishna Street, T. Nagar Chennai – 600017, Tamilnadu, India. |
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Tel.
No.: |
91 - 44 - 2814
2333 / 2814 0999 |
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Fax
No.: |
91 - 44 - 2814
0896 |
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Email: |
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Area : |
Rented |
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Factory
(Harur) |
M G Colony, Harur
636 903. Tamilnadu, India. |
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Tel.
No.: |
91 - 4346 -
223999 /222555 / 222266 |
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Fax
No.: |
91 - 4346 222666 |
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Email: |
DIRECTORS
|
Name : |
Mr. Ramasamy Muthu |
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|
Designation
: |
Managing Director |
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Date
of Birth : |
4th November, 1954 |
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Address
: |
M. G. Colony, Harur – 636 903, Tamilnadu |
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Date
of Appointment : |
04.08.1998 |
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Name : |
Mrs. Shanti Ramasamy |
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Designation
: |
Director |
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Date
of Birth : |
19th January, 1964 |
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Address
: |
M. G. Colony, Harur – 636 903, Tamilnadu |
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Date
of Appointment : |
04.08.1998 |
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MAJOR SHAREHOLDERS
|
Names of Shareholders |
No of Shares |
|
Mr. M.
Ramasamy |
300000 |
|
Mrs.
Shanti Ramasamy |
200000 |
|
TOTAL |
500000 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturer and Exporter of Granites cuts and polished,
Monument Blocks. |
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|
|
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Exports
to : |
Holland, Australia, Germany |
GENERAL INFORMATION
|
Suppliers
: |
Ø Diamante Board Ø Golden Steet Ø Kubora Trading Company Limited Ø Premier Metals and Engineering
Corporation Ø Rajesh Engineering Enterprises Ø Sakhivol V _ Tar Road Ø Sree Mahaveer Tube Company Ø Boart Longyear AS- Narway Ø C. I. Corporation – Korea Ø Carboundum Universal Limited Ø K A Ajaykuma Menokey Ø K R Plywoods and Hardwares Ø K S K Shipping Ø Kingslon Enterprises Ø Kongu Rock Ø Kutty and Kasi Ø Kwaality Abrasives Ø Larsen and Toubro Limited |
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No. of
Employees : |
NA |
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Bankers
: |
Ø
State
Bank of India, Overseas Branch, Chennai – 600 001, Tamilnadu (Subject enjoys cash credit facility of Rs. 134.400
millions from its bankers as on 5th November, 2003 by way of
different term loans and facilities such as Bank Guarantee, Letter of Credit,
Medium term Loan and E P Credit etc.) |
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Banking Relations : |
Satisfactory |
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Auditors
: |
Mr. A. Doraikannan Chartered
Accountant 149, II Street, Kellys Secretariat Colony, Chennai – 600
010, Tamilnadu, India |
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|
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Associates
: |
Ø
Amman
Granites, S F No. 314, Muthu Gounder Colony, Dharmapuri District, Harur – 636
903, Tamilnadu, India -- Miners and manufacturers of different natural products
from the earth. |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
500,000 |
Equity
Shares |
Rs.10/- Each |
Rs. 5.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
500,000 |
Equity
Shares |
Rs.10/- Each |
Rs. 5.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share
Capital |
|
5.000 |
5.000 |
|
|
2] Share
Application Money |
|
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
|
123.703 |
96.332 |
|
|
4]
(Accumulated Losses) |
|
0.000 |
0.000 |
|
NETWORTH
|
|
128.703 |
101.332 |
|
|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
|
123.303 |
106.240 |
|
|
2]
Unsecured Loans |
|
0.000 |
0.000 |
|
TOTAL
BORROWING
|
|
123.303 |
106.240 |
|
|
DEFERRED
TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
|
252.006 |
207.572 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block]
|
|
59.252 |
51.594 |
|
Capital work-in-progress
|
|
4.406 |
3.088 |
|
|
|
|
|
|
|
INVESTMENT
|
|
0.000 |
0.000 |
|
DEFERREX TAX ASSETS
|
|
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
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Inventories
|
|
93.838 |
75.045 |
|
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Sundry Debtors
|
|
73.981 |
55.668 |
|
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Cash & Bank Balances
|
|
12.972 |
5.969 |
|
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Other Current Assets
|
|
8.976 |
5.087 |
|
|
Loans & Advances
|
|
21.678 |
30.336 |
Total Current Assets
|
|
211.445 |
172.105 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
|
23.037 |
19.215 |
|
|
Provisions
|
|
0.060 |
0.000 |
Total Current Liabilities
|
|
23.097 |
19.215 |
|
Net
Current Assets
|
|
188.348 |
152.890 |
|
|
|
|
|
|
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MISCELLANEOUS EXPENSES
|
|
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
|
252.006 |
207.572 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
Sales Turnover [including other income]
|
|
214.910 |
190.653 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
|
28.871 |
28.998 |
Provision for Taxation
|
|
0.000 |
0.000 |
Profit/(Loss) After Tax
|
|
28.871 |
28.998 |
|
|
|
|
|
Export Value
|
|
206.346 |
189.072 |
|
|
|
|
|
Total Expenditure
|
|
196.688 |
170.876 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
PAT / Total Income
|
(%)
|
|
13.43 |
15.21 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
|
13.43 |
15.21 |
|
|
|
|
|
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Return on Total Assets
(PBT/Total
Assets} |
(%) |
|
10.49 |
12.79 |
|
|
|
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|
Return on Investment (ROI)
(PBT/Networth) |
|
|
0.22 |
0.29 |
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
|
1.14 |
1.24 |
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
|
9.15 |
8.96 |
LOCAL AGENCY FURTHER INFORMATION
History
Subject was originally incorporated on 4th
August, 1998 at Dharmapuri District in Tamilnadu having Company Registration
Number 40923. The company transferred its Registered Office from Tamilnadu to
Coimbatore w.e.f. 26th August, 2002 and a New Company Registration
Number is 10232 of Coimbatore ROC was obtained
Operations
The Company has made a
Net Profit of Rs. 28.871millions. The Directors are exploring the possibilities
for increasing the sales further.
Its product
range is as under :-
Ø
Semi
Polished Granites
Ø
Polished
Granites
Ø
Raw
Granite Slabs
Ø
Marbles
Ø
Gypsum
Ø
Graphite
Ø
Soap—stone
Ø
Dolmite
Ø
Barite
Ø
Silica
Ø
Felspar
Ø
Other
Natural Products from the earth
It exports
stones and other natural products.
It imports
machinery.
|
1) Date and description of instrument creating the change |
Dated 12-10-1999 1. Agreement of Loan for Overall limit in firm C-I 2. Agreement of Hypothecation of Goods and Assets in Form
C-2 3. Letter Regarding the grant of Individual Limit within
the Overall Limit in Form C-5 All dated 12/10/1999 both relate to one and the same
charge. |
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2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 88.000 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 |
Terms Loan of Rs. 48.000 millions Security Primary : First charge by way of mortgage/hypothecation on be
acquired by the company, estimated at Rs. 65.000 millions Export Packing credit limit of Rs. 20.000 millions Security
: Primary: Stocks of Raw Materials, spares, stores, finished
goods, etc. |
||||||||||||||||||||||
|
Gist of the terms and conditions and extent and operation
of the charge. |
Term Loan Of Rs. 48.000
Millions Interest : 2% above SBMTLR with a minimum of 14.28 % pa
inclusive of interest tax Margin : 32% on the project cost Period of loan, moratorium : The term loan of Rs. 16.000
millions is to be repaid @ rs. 1.000
millions per quarter for 16 quarter, commencing from the end of March 2000. Export Packing Credit
Limit Of Rs. 5.000 millions Interest: As applicable to export packing credit from time
to tiomne 10% fro the time being Margin : 25 % stocks of granites rough blocks no drawing
against receivables. Period of sanction: 12 months Foreign documentary bill limit of Rs. 5.000 millions Interest : Up to 90 days 10% Form 91 days to 180 days 12 % Beyond 180 days 20 % up to 999 days. Margin : Nil Period of Sanction: 12 months |
||||||||||||||||||||||
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Name and Address and description of the person entitled to
the charge. |
State Bank of India, Overseas Branch, Chennai-600001 |
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|
Date and brief
description of instrument modifying the charge |
Dated : 4/10/2002 Supplemental Agreement of Loan for increase in the overall
limit in form C-IA Supplemental Agreement of Hypothecation of Good and Assets
for Increase in the overall limit in form C2-A Supplemental Agreement of Pleadge of goods and assets for increase in the overall
limit in form C3-A. Supplemental Deed of Gurantee for for increase in overall
limit in Form C5 Letter Regarding the Grant of Individual Limits with in
the overall limit in Form C5 All dated 4/10/2002 and related to one and the same
charge. |
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|
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. |
The credit facility extended to the company has now been
enhanced from Rs. 101.500 millions to Rs. 104.300 millions comparing of
:
Security : Hypothecation of entire current assets
including stocks Emersion of charges over movable fixed assets including
assts proposed in the corporate loan. Earlier security given by the company shall continued to
cover the enhanced limit of Rs. 104.300 millions. Rate of Interest and other terms and conditions as
stipulated by the Bank from time to time Margin : Raw materials, stocks in process, Finished Goods, Letter
of Credit, Gurantee: 25% Land and Building/ Plant and machinery: 33% All over terms and conditions remains same. |
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1) Date and description of instrument creating the change |
Dated 12-10-1999 1. Agreement of Loan for Overall limit in firm C-I 2. Agreement of Hypothecation of Goods and Assets in Form
C-2 3. Agreement of plege of goods and assets in form C-3 4. Letter Regarding the grant of Individual Limit within
the Overall Limit in Form C-5 |
||||||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 88.000 millions
|
||||||||||||||||||||||
|
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 |
Terms Loan of Rs. 48.000 millions Security Primary : First charge by way of mortgage/hypothecation on be
acquired by the company, estimated at Rs. 65.000 millions Export Packing credit limit of Rs. 20.000 millions
Security : Primary: Stocks of Raw Materials, spares, stores, finished
goods, etc. |
||||||||||||||||||||||
|
Gist of the terms and conditions and extent and operation
of the charge. |
Term Loan Of Rs. 48.000
Millions Interest : 2% above SBMTLR with a minimum of 14.28 % pa
inclusive of interest tax Margin : 32% on the project cost Period of loan, moratorium : The term loan of Rs. 16.000
millions is to be repaid @ rs. 1.000
millions per quarter for 16 quarter, commencing from the end of March 2000. Export Packing Credit
Limit Of Rs. 5.000 millions Interest: As applicable to export packing credit from time
to tiomne 10% fro the time being Margin : 25 % stocks of granites rough blocks no drawing
against receivables. Period of sanction: 12 months Foreign documentary bill limit of Rs. 5.000 millions Interest : Up to 90 days 10% Form 91 days to 180 days 12 % Beyond 180 days 20 % up to 999 days. Margin : Nil Period of Sanction: 12 months |
||||||||||||||||||||||
|
Name and Address and description of the person entitled to
the charge. |
State Bank of India, Overseas Branch, Chennai-600001 |
||||||||||||||||||||||
|
Date and brief
description of instrument modifying the charge |
Dated : 31/10/2003 Supplemental Agreement of Loan for increase in the overall
limit in form C-IA Supplemental Agreement of Hypothecation of Good and Assets
for Increase in the overall limit in form C2-A Supplemental Agreement of Pleadge of goods and assets for increase in the overall
limit in form C3-A. Supplemental Deed of Gurantee for for increase in overall
limit in Form C5 Letter Regarding the Grant of Individual Limits with in
the overall limit in Form C5 All dated 31/10/2003 and related to one and the same
charge. |
||||||||||||||||||||||
|
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. |
The credit facility extended to the company has now been
enhanced from Rs. 134.400 millions comparing of :
Security : Hypothecation of stocks at queries, at factory,
in transit and at shipyard and other current assets of the company. Hypothecation of title to goods which includes merchandise
in the bill negotiated/drawn under L/C Hypothecation of assets to be purchased under term loan
and merchandise cover under LC Counter guarantee of the company Charge over the fixed assets of the company. All over terms and conditions as per agreement and
securities given shall continued to cover the exchanged the limit of Rs.
134.400 millions |
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|
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|
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|
1) Date and description of instrument creating the change |
Dated 12-10-1999 1. Agreement of Loan for Overall limit in firm C-I 2. Agreement of Hypothecation of Goods and Assets in Form
C-2 3. Agreement of plege of goods and assets in form C-3 4. Letter Regarding the grant of Individual Limit within
the Overall Limit in Form C-5 All dated 12/10/1999 both related to one and the same
charge. |
||||||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the
securities of charge |
Rs. 88.000 millions
|
||||||||||||||||||||||
|
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 |
Terms Loan of Rs. 48.000 millions Security Primary : First charge by way of mortgage/hypothecation on be
acquired by the company, estimated at Rs. 65.000 millions Export Packing credit limit of Rs. 20.000 millions
Security : Primary: Stocks of Raw Materials, spares, stores, finished
goods, etc. |
||||||||||||||||||||||
|
Gist of the terms and conditions and extent and operation
of the charge. |
Term Loan Of Rs. 48.000
Millions Interest : 2% above SBMTLR with a minimum of 14.28 % pa
inclusive of interest tax Margin : 32% on the project cost Period of loan, moratorium : The term loan of Rs. 16.000
millions is to be repaid @ rs. 1.000
millions per quarter for 16 quarter, commencing from the end of March 2000. Export Packing Credit
Limit Of Rs. 5.000 millions Interest: As applicable to export packing credit from time
to tiomne 10% fro the time being Margin : 25 % stocks of granites rough blocks no drawing
against receivables. Period of sanction: 12 months Foreign documentary bill limit of Rs. 5.000 millions Interest : Up to 90 days 10% Form 91 days to 180 days 12 % Beyond 180 days 20 % up to 999 days. Margin : Nil Period of Sanction: 12 months |
||||||||||||||||||||||
|
Name and Address and description of the person entitled to
the charge. |
State Bank of India, Overseas Branch, Chennai-600001 |
||||||||||||||||||||||
|
Date and brief
description of instrument modifying the charge |
NIL |
||||||||||||||||||||||
|
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. |
NIL |
AS PER WEBSITE
AMMAN GRANITES a name which
profoundly stands for the monument experts in India, came into existence since
20 years as a 100% Export Oriented Organization. Amman Granites is one of the
largest producers of granite monuments in the country and has clients from all
around the globe looking upto it for their exact needs. To cater the ever
increasing demand of the global needs, the company has expanded its capacity by
opening an additional unit in the name of AG GRANITES PVT LTD since the year
2000.
Today AMMAN GRANITES is regarded as the No. 1 monument specialist in the global monument market. In the uncompromising expectations of its beloved customers or constantly fulfilled in each and every aspect. The management's strong will coupled with a constant endeavor to produce nothing but the best has made it possible.
PRODUCTS:
In order to meet the demand of different customers in
different parts of the world, the company maintains both own and
tie-up quarries of different variety of stones. The range of colours, include
INDIAN BLACK, VIZAG BLUE, PARADISO, HIMALAYAN BLUE, WHITE GALAXY, GREEN, RED
etc.
AMMAN GRANITES is a major producer
of rough dimensional blocks in BLACK, PARADISO, PREMIUM KUNNAN material and
REGULAR BLACK. Three dimensional blocks are exported to JAPAN, CHINA,
NETHERLANDS, AUSTRIA, POLAND, SPAIN and FRANCE.
Perfection in quality has been the
company's prime motto ever since production was started. The strict
control of quality standard is adhered at every stage of production. The one
reason why the monuments are sought out globally is due to their captivating
designs – a mixture of exquisite workmanship and sentimental
expressions. The research and development wing, which is a part of the
production, takes into
account, besides quality, the sentimental value also.
AWARD
- Special awards from Capexil for uncompromising
standards of excellence continuously since 1999 till 2002.
- Certificates of merit
- Best Export Performance Award
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. 44.25 |
|
UK Pound |
1 |
Rs.86.41 |
|
Euro |
1 |
Rs.58.10 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
3 |
|
OPERATING
SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT
LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
43 |
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%)
SCORE & 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 |