MIRA INFORM REPORT
|
Report
Date : |
20.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
MEGA RUBBER TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
90, Mistry Industrial Complex, MIDC Cross Road A, Andheri
(East), Mumbai – 400 093, Maharashtra |
|
|
|
|
Country
: |
India |
|
|
|
|
Financials
(as on) : |
31.03.2005 |
|
|
|
|
Date
of Incorporation : |
11.01.1995 |
|
|
|
|
Com.
Reg. No.: |
11-84554 |
|
|
|
|
CIN
No.: [Company
Identification No.] |
U25110MH1995PTC084554 |
|
|
|
|
TAN
No.: [Tax
Deduction & Collection Account No.] |
MUMM19218D
/ MUMM10324G |
|
|
|
|
PAN
No.: [Permanent
Account No.] |
AAACM7425N |
|
|
|
|
Legal
Form : |
Private Limited Liability Company. |
|
|
|
|
Line
of Business : |
Manufacturing and exporting of Rubber Compounds, Rubber
Moulded goods and other engineering components and selling of Metal and
Rubber Bonded Components for Automobiles, Railways and Aviation Industry. |
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 |
|
Maximum
Credit Limit : |
USD
350000 |
|
|
|
|
Status
: |
Satisfactory |
|
|
|
|
Payment
Behaviour : |
Usually
Correct |
|
|
|
|
Litigation
: |
Clear |
|
|
|
|
Comments
: |
It is a well established company engaged in manufacturing,
selling and exporting of Moulded Rubber Products. The company performed well
both in domestic sales as well as export front. Trade relations are reported as fair. Payments are usually
made as per commitments. It can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
90, Mistry Industrial Complex, MIDC Cross Road A, Andheri
(East), Mumbai – 400 093, Maharashtra, India |
|
Tel.
No.: |
91-22-2687
0441 / 2687 1769 / 2687 2696 / 2687 0330 / 2687 0331 / 2687 0360 |
|
Fax
No.: |
91-22-2687
0339 |
|
E-Mail
: |
|
|
Website
: |
|
|
Area : |
3000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate
Office / Factory : |
Building
No. 1, Agarwal Udyog Nagar Waliv, Vasai Road'(East), District Thane - 401
208, India. |
|
Tel.
No.: |
91- 250-2454
365 / 2454 520 |
|
Fax
No.: |
91-
250-2454 519 |
|
E-Mail
: |
DIRECTORS
|
Name : |
Mr. Neel
R. Sujan |
|
Designation
: |
Managing
Director |
|
Address
: |
804,
Abhishek Apartment, 8th Floor, Versova, Andheri (West), Mumbai –
400 058, Maharashtra |
|
Date
of Birth/Age : |
05th
August, 1957 |
|
Date
of Appointment : |
11th
January, 1995 |
|
|
|
|
Name : |
Mr. Tulsi
R. Sujan |
|
Designation
: |
Director |
|
Address
: |
Flat No. 6, Datta Apartment, 16th Road, South
Avenue, Khar (West), Mumbai – 400 032, Maharashtra |
|
Date
of Birth/Age : |
18th
March 1949 |
|
Qualification
: |
B.E.
(Mechanical) |
|
Experience
: |
25 Years. |
|
Date
of Appointment : |
11th
January, 1995 |
|
|
|
|
Name : |
Mr.
Ghanshyam Sujan |
|
Designation
: |
Director |
|
Address
: |
1307, Giriraj Neelkanth Valley, Rajawadi Road, Ghatkopar
(East), Mumbai – 400 077, Maharashtra |
|
Date
of Birth/Age : |
10th
July, 1954 |
|
Date
of Appointment : |
07th
September, 1996 |
|
|
|
|
Name : |
Mr. Vijay
J. Sujan |
|
Designation
: |
Director |
|
Address
: |
B 3 / 6, Basant Park, Mahul Road, Chembur, Mumbai –
400071, Maharashtra |
|
Date
of Birth/Age : |
15th
July, 1974 |
|
Date
of Appointment : |
15th
March, 1997 |
|
|
|
|
Name : |
Mr. Ashok
J. Sujan |
|
Designation
: |
Director |
|
Address
: |
1701, Green Acre, Flat No. 325, Lokhandwala Complex,
Andheri (West), Mumbai – 400 058, Maharashtra |
|
Date
of Birth : |
20th December, 1950 |
|
Date
of Appointment : |
04th
July, 1997 |
|
Name : |
Mr.
Harish R. Sujan |
|
Designation
: |
Director |
|
Address
: |
B-4, Basant Park, Mahul Road, Chembur, Mumbai – 400 071,
Maharashtra |
|
Date
of Birth : |
24th August, 1946 |
|
Date
of Appointment : |
04th
July, 1997 |
|
|
|
|
Name : |
Mr.
Jayprakash Vasdani |
|
Designation
: |
Director |
|
Address
: |
B-4/7, Basant Park, Mahul Road, Chembur, Mumbai – 400 071,
Maharashtra |
|
Date
of Birth/Age : |
12th April, 1955 |
|
Date
of Appointment : |
04th
July, 1997 |
|
|
|
|
Name : |
Mr.
Pramodkumar Sharma |
|
Designation
: |
Director |
|
Address
: |
A-9, Basant Co-operative Housing Society, Deonar, Mumbai –
400 088, Maharashtra |
|
Date
of Birth/Age : |
18th
November, 1956 |
|
Date
of Appointment : |
10th
August, 1998 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Mr.
Harish R. Sujan |
270000 |
|
Mrs.
Tulsi R. Sujan |
308000 |
|
Mr.
Ghanshyam Sujan |
296000 |
|
Mr. Ashok
R. Sujan |
296000 |
|
Mr.
Jayprakash K. Vasani |
346000 |
|
Mr. Neel
R. Sujan |
296000 |
|
Mr. Vijay
J. Sujan |
283000 |
|
Mr.
Pramod Kumar M. Sharma |
247000 |
|
Ms. Usha
J. Sujan |
4000 |
|
Ms. Padma
H. Sujan |
4000 |
|
Mr. Kamal
T. Sujan |
4000 |
|
Ms.
Manisha Ashok Sujan |
4000 |
|
Ms.
Vijaylakshmi J. Vasdani |
4000 |
|
Ms.
Kanchan G. Dujan |
4000 |
|
Ms.
Sheetal N. Sujan |
4000 |
|
Ms. Pinky
P. Sharma |
3000 |
|
Mr. Sujan
V. Satvinder kaur |
4000 |
|
Mr.
Ghanshyam R. Sujan – HUF |
50000 |
|
Jeevan R.
Sujan – HUF |
50000 |
|
Harish R.
Sujan – HUF |
50000 |
|
Mrs.
Tulsi R. Sujan - HUF |
50000 |
|
Mr. Neel
R. Sujan – HUF |
50000 |
|
Mr. Ashok
R. Sujan – HUF |
50000 |
|
Ms. Tulsi
R Sujan |
23000 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturing and exporting of Rubber Compounds, Rubber
Moulded goods and other engineering components and selling of Metal and
Rubber Bonded Components for Automobiles, Railways and Aviation Industry. |
|
|
|
|
Products
: |
Ř
Rubber
Compound Ř
Rubber
Products Ř Moulded Rubber Goods |
|
|
|
|
Exports
to : |
U.K., USA and Israel |
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|
|
|
Imports
from : |
Japan, Taiwan and Germany |
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|
|
|
Terms
: |
|
|
Selling : |
Credit
(60 days) terms and 40% in international market against Credit (60 days)
terms. |
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|
|
|
Purchasing : |
Credit (30-60 days) terms and 20% from International
against Credit (60/90 days) and L/C terms. |
GENERAL INFORMATION
|
Suppliers
: |
Ř
Caitaied
Industrial Company Limited Ř
Tzell
Machinery Company Limited Ř
Blue
Dart Express Limited Ř
Gemini
Steel Tubes Limited Ř
Mahindra
Sintered Products Limited Ř
Om
Airfreight Limited Ř
Special
Paints Limited |
|
|
|
|
Customers
: |
Ř
Rai
Industries Inc Ř
Gabreil
India Limited Ř
Ford
India Limited Ř
Maruti
Udyog Limited Ř
Mumbai
Showa Limited Ř Sunbeam Auto Limited |
|
|
|
|
No. of
Employees : |
60 |
|
|
|
|
Bankers
: |
Ř
State
Bank of India, MIDC Branch, Andheri (E), Mumbai – 400 093 Ř
State
Bank of India, SBI Cargo Complex, Mumbai Ř
State
Bank of India, Nawha Shewa, Mumbai Ř
ICICI
Bank, Vasai, Maharashtra Ř
Standard
Chartered Bank Ř
HSBC
Limited Ř
Citi
Bank, N. A., Citi Business, Citi Centre, 2nd Floor, Bandra Kurla
Complex, Bandra [East], Mumbai – 400051, Maharashtra, India |
|
|
|
|
Facilities : |
Cash Credit from State Bank of India |
|
|
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors
: |
S. B.
Chhajed & Company Chartered Accountants |
|
Address
: |
202,
Inder Tower, Kakasaheb Godgil Marg, Dadar [West], Mumbai – 400028,
Maharashtra, India |
|
|
|
|
Associates/Subsidiaries
: |
|
|
|
|
|
SUJAN INDUSTRIES |
|
|
Address
: |
16, 17 & 77, Mistry Industrial Complex, M. I. D. C.
Cross Road A, Andheri (East), Mumbai-400 093, Maharashtra, India |
|
Tel.
No.: |
91-22-2687 0441 / 2687 1769 |
|
Fax
No.: |
91-22-2687 0339 |
|
E-Mail
: |
|
|
|
|
|
POLYRUB EXTRUSIONS (INDIA) |
|
|
Address
: |
Plot No. W- 102 D, M. I. D. C.Thane Belapur Road, Khairne,
Navi-Mumbai-400 705, India |
|
Tel.
No.: |
91-22-5590 3530 / 5590 3531 / 5590 1770/71 |
|
Fax
No.: |
91 - 22 - 5590 3532 |
|
E-Mail
: |
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|
|
|
|
SPECIALITY ELASTOMERS |
|
|
Address
: |
Plat No. W- 129 A, M. I. D. C, Thane Belapur Road,
Khairne,, Navi-Mumbai-400 705, India |
|
Tel.
No.: |
91-22-5590 3530 / 5590 3531 / 5590 1770/71 |
|
Fax
No.: |
91 - 22 - 5590 3532 |
|
E-Mail
: |
|
|
|
|
|
MOULD- DE-SUJAN |
|
|
Address
: |
Unit no. 5, Waliv, Vasai Road (East), District Thane-401
208, INDIA. |
|
Tel.
No.: |
91- 250-2454 365 / 2454 520 |
|
Fax
No.: |
91- 250-454 519 |
|
E-Mail
: |
|
|
|
|
|
VEE KAY RUBBER PRODUCTS |
|
|
Address
: |
3, Mistry
Industrial Complex, M. I. D. C. Cross Road A, Andheri (East), Mumbai-400 093,
INDIA. |
|
Tel.
No.: |
91-22-2687
0360 |
|
Fax
No.: |
91-22-2687
0339 |
|
E-Mail
: |
|
|
|
|
|
TEE
VEE TOOLS & ENGINEERING INDUSTRIES |
|
|
Address
: |
89,
Mistry Industrial Complex, M.I.D.C, Cross Road , "A", Andheri
(East), |
|
Tel.
No.: |
91-22-2687
0360 |
|
Fax
No.: |
91-22-2687
0339 |
|
E-Mail
: |
|
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
350000 |
Equity
Shares |
Rs. 100/- each |
Rs. 35.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
280000 |
Equity
Shares |
Rs. 100/- each |
Rs. 28.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share
Capital |
28.000 |
14.000 |
14.000 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
64.073 |
55.687 |
38.117 |
|
|
4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
92.073 |
69.687 |
52.117 |
|
|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
39.265 |
-- |
8.265 |
|
|
2]
Unsecured Loans |
9.016 |
29.342 |
41.390 |
|
TOTAL
BORROWING
|
48.281 |
29.342 |
49.655 |
|
|
DEFERRED
TAX LIABILITIES |
7.901 |
9.589 |
8.617 |
|
|
|
|
|
|
|
TOTAL
|
148.255 |
108.618 |
110.389 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
75.170 |
71.346 |
65.284 |
|
Capital work-in-progress
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
28.899
|
17.144
|
9.842
|
|
|
Sundry Debtors
|
67.351
|
49.564
|
32.863
|
|
|
Cash & Bank Balances
|
2.321
|
8.723
|
2.649
|
|
|
Export Incentive Receivable
|
3.841
|
1.570
|
1.710
|
|
|
Loans & Advances
|
42.205
|
22.893
|
22.401
|
Total Current Assets
|
144.617
|
99.894 |
69.465
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
71.661
|
62.631
|
24.376
|
|
|
Provisions
|
|
|
0.000
|
Total Current Liabilities
|
71.661
|
62.631
|
24.376
|
|
Net
Current Assets
|
72.956
|
37.263 |
45.089
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.129 |
0.009 |
0.016 |
|
|
|
|
|
|
|
TOTAL
|
148.255 |
108.618 |
110.389 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
286.836 |
233.564 |
139.742 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
41.485 |
39.630 |
16.545 |
Provision for Taxation
|
14.312 |
16.319 |
4.879 |
Profit/(Loss) After Tax
|
27.173 |
23.311 |
11.666 |
|
|
|
|
|
Export Value
|
56.811 |
30.774 |
NA |
|
|
|
|
|
Total Expenditure
|
245.352 |
193.934 |
59.108 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
9.47
|
9.98 |
8.34
|
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
14.46
|
16.97 |
11.83
|
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
18.88
|
23.14 |
12.27
|
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.45
|
0.57 |
0.31
|
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
1.30
|
1.32 |
1.42
|
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
2.02
|
1.59 |
2.84
|
LOCAL AGENCY FURTHER INFORMATION
The automobile sector is growing at break neck speed and the
management is taking steps to gear up to meet the market demands. The Board of
Directors is alive to the necessity for enhancement of capacity and
strengthening the infrastructure and is looking at various alternatives for
achieving good results. There efforts are expected to roost the sales turnover
in the coming year.
Fixed Assets
Building
Plant and Machinery
Laboratory Equipment
Office Equipment
Furniture and Fixture
Computers
It is in
trade terms with:-
Ř
Emcom
Enterprises
Ř
Emcon
International
Ř
G. N.
A. Udyoge Limited
Ř
Munjal
Showa Limited
Ř
Murzello
Metal
Ř
Plan
Associates
Ř
Shree
Soham Traders Private Limited
Ř
Sona
Steering Systems Limited
Ř
Speciality
Elastomers
Ř
Sujan
Industries
Ř
Vee
kay Rubber Products
Ř
Gabriel
India Limited
Ř
Maruti
Udyog Limited
Ř
Sampanna
Motors
Ř
AFA
Industries
Ř
Comco
Industries
Ř
MGW
Manufacturing Corporation
Ř
MRG
Auto System Inc.
Ř
International
Chemicals
Ř
Riddhi
Dye-chem Corporation
Ř
Shree
Krishna Enterprise
Ř
Anand
Chemicals
Ř
Veekay
Rubber Products
Ř
Mittal
Enterprises
Ř
Hi-tech
Industries
Ř
Shree
enterprises
Ř
Shree
Gajanand Chemical Company
Ř
Jinesh
Chemicals Private Limited
Ř
Mura
Black India Limited
Ř
Cabot
India Limited
Ř
Rubber
Growers’ Marketing & Process Company
Ř
Speciality
Elastomers
Ř
Star
Chemicals
Ř
Trident
Polychem (Private) Limited
Ř
White
Silco Private Limited
Ř
Mars
Ship Repairs Private Limited
Ř
Bayer
AG., Germany
Ř
Gifco
Inc., Japan
Ř
Showa
Trading Co. Limited., Japan
Ř
Gujarat
Carbons Limited, India
Ř
Viko
Corporation, Mumbai, india
Ř
Nav
Bharat Metallic Oxides, Mumbai, India
Ř
Bharat
Petroleum Corporation, Limited, India.
Bankers Charges Report as per
Registry
|
Name
of the company |
MEGA RUBBER TECHNOLOGIES PRIVATE
LIMITED |
|
Presented By |
MEGA RUBBER TECHNOLOGIES PRIVATE
LIMITED |
|
1) Date
and description of instrument creating the change |
By
hypothecation agreement dated 25.01.2002 |
|
2) Amount
secured by the charge/amount owing on the securities of charge |
Rs. 0.165
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 |
Moulds
for manufacturing rubber mould goods P/N No.
X561 – 5A262-AA-HNGR P/N No.
X56Y – 14603 – AB |
|
4) Gist
of the terms and conditions and extent and operation of the charge. |
Advance
for design and developing moulds Tooling
moderation Rs. 0.165 Millions Advance
recovery Rs. 0.165 Millions over 200000 Nos. IZECES |
|
5) Name and
Address and description of the person entitled to the charge. |
Ford
India Limtied SP KOIZ,
Chenglepoy, 603204, Kancheepuram, Tamilnadu, India |
|
6)
Date and brief description of
instrument modifying the charge |
NA |
|
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 |
|
Corporate
identity number of the company |
U25110MH1995PTC084554 |
|
Name of
the company |
MEGA
RUBBER TECHNOLOGIES PRIVATE LIMITED |
|
Address
of the registered office or of the principal place of business in India of the company |
90,
Mistry Industrial Complex, MIDC Cross Road A, Andheri (East), Mumbai – 400
093, Maharashtra |
|
This form
is for |
Modification
of Charges |
|
Type of
charge |
Equitable
mortgage or mortgage of property by deposition the title deeds |
|
Particular
of charge holder |
Citi
Bank, N. A., Citi Business, Citi Centre, 2nd Floor, Bandra Kurla
Complex, Bandra [East], Mumbai – 400051, Maharashtra, India |
|
Amount
secured by the charge |
Rs.
135.000 Millions |
|
Brief of
the principal terms an conditions and extent and operation of the charge |
The
company created a mortgage by deposit of the title deeds relating to
immovable properties as security for due payment, discharge and redemption by
the Polyrub Extrusions India Private Limited and Mega Rubber Technologies
Private Limited as recorded in the agreement dated 06.02.2006 |
|
Description
of the property charged indicating whether it is a charged on |
Immovable
Properties |
|
Particulars
of the property charged |
Property
including land and building along with the immovable fixed assets permanently
affixed to the earth located at Building No. 1, and Extension No. 1, Agarwal
Udyog Nagar, Waliv, Vasai [West], Thane – 401208 |
|
Charge
identification number of the charge to be modified |
80005612 |
|
Date of
instrument Creating the charge |
31.05.2006 |
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] 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.44.28 |
|
UK Pound |
1 |
Rs.86.64 |
|
Euro |
1 |
Rs.58.10 |
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 |
4 |
|
--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 |
|
44 |
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 |
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 |