MIRA INFORM REPORT
|
Report Date : |
26.12.2006 |
IDENTIFICATION DETAILS
|
Name : |
PODDAR
GLOBAL LIMITED |
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|
|
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Registered Office : |
20 Engineers Enclave,
Second Floor, Harsh Vihar Crossing, Pitam Pura, New Delhi – 110034, India |
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Date of Incorporation : |
07.02.1995 |
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Com. Reg. No.: |
55-65141 |
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CIN No.: [Company Identification No.] |
U74899DL1995PLC065141 |
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|
TAN No.: [Tax Deduction & Collection Account No.] |
DELP11122G |
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PAN No.: [Permanent Account No.] |
AAACP5222C |
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|
Legal Form : |
A
closely held public limited liability company |
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|
Line of Business : |
Importing and Trading of
Graphic Art Films, Paper Products and Graphic Art Films. |
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 100000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject
is a well established company having satisfactory track. Trade relations are fair. General financial position is
satisfactory. Payments are slow but
correct. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
20 Engineers Enclave, Second
Floor, Harsh Vihar Crossing, Pitam Pura, Delhi – 110034, India |
|
Tel. No.: |
91-11-27016534/27016535/27016538/27016540/27016541 |
|
Mobile : |
91-98100031/9810022 |
|
Fax No.: |
91-11-27016536/37 |
|
E-Mail : |
pgl@vsnl.com |
|
Location : |
Commercial |
|
|
|
|
Warehouse : |
66, Mohan Garden Extension,
New Delhi - 110 059, India D-237, Mohan Garden, New
Delhi - 110 059, India 46
A, Mohan Garden Extension, New Delhi - 110 059, India |
|
Area : |
12000 sq. ft. – Owned |
|
Location : |
Industrial |
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|
|
|
Administrative Office : |
E-52, Flatted Factory
Complex, Jhandewlan, New Delhi – 110055, India Tel. No. 91-11-23558909 Fax No. 91-11-27773223 |
|
Location : |
Commercial
|
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|
|
|
Branches : |
9/12, Lal Bazar Street, E. Block, 1st Floor, Room No. 7, Kolkata – 700 001, West Bengal, INDIA Tel. No. : 91-33-2248 5354
/2248 6937 Fax No. : 91-33-2248 5354 Laxmi Bhawan, 161, P. D.
Mellow Road, Mumbai - 400 009, India Tel. No. : 91-22-22665859/
2266 6538 / 2840 0976 / 2840 7074 |
DIRECTORS
|
Name : |
Mr.
Sunil Kumar Poddar |
|
Designation : |
Managing
Director |
|
Date of Birth : |
23/04/1967 |
|
Date of Appointment : |
07/02/1995 |
|
Address : |
2-A/105,
Rang Rasayan Apartments, Sector – 13, Rohini, Delhi – 110 085, INDIA |
|
Qualification : |
Graduate |
|
Passport No. : |
K-238287 |
|
|
|
|
Name : |
Mr. Ram Karan Poddar |
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Designation : |
Director
|
|
Date of Appointment : |
07/02/1995 |
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|
|
|
Name : |
Mr. Sandeep Poddar |
|
Designation : |
Director
|
|
Address : |
2-A/105,
Rang Rasayan Apartments, Sector – 13, Rohini, Delhi – 110 085, INDIA |
|
Date of Birth : |
26/05/1969 |
|
Date of Appointment : |
07/02/1995 |
|
|
|
|
Name : |
Mr.
Prafulla Kumar Muduli |
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Designation : |
Director
|
|
Address : |
N
– 2/55, Mohan Garden, Gurudwara Road, New Delhi – 110059, India |
|
Date of Birth : |
20.06.1953 |
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Date of Appointment : |
30.07.2005 |
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|
|
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OTHER PERSONAL |
|
|
Name : |
Sachin Agrawal &
Associates |
|
Designation : |
Company
Secretary |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
|
Mr. Sunil Kumar Poddar |
221000 |
|
Mr. Sandeep Poddar |
11000 |
|
Mr. Ram Karan Poddar |
1000 |
|
Harsh Vinimay Private
Limited |
10000 |
|
Buski Commodities Private
Limited |
10000 |
|
Procton Distributors
Private Limited |
10000 |
|
Vivek Credit & Finvest
Private Limited |
10000 |
|
NM Credit Private Limited |
10000 |
|
OM Fiscal Private Limited |
10000 |
|
NM Financial and
Consultancy Private Limited |
10000 |
|
ACS Commercial Private
Limited |
10000 |
|
Everett Consultants Private
Limited |
134000 |
|
Naresh Infotech Private
Limited |
25000 |
|
Mr. Shshil Kumar Sharma |
5000 |
|
Mr. Santosh Kumar Sharma |
5000 |
|
Mr. Suman Agrawal |
5000 |
|
Mr. Vikash Kumar Agrawal |
5000 |
|
Mr. Vijay Kumar Chandak |
10000 |
|
Investwell Agents Private
Limited |
116000 |
|
Innovative Dealers Private
Limited |
142000 |
|
Mr. Hira Lal Chandak |
10000 |
|
Sikandra Finvest Private
Limited |
10000 |
|
Nihal Fiscal Services
Private Limited |
20000 |
|
Anindra Sales Private
Limited |
6000 |
|
Clara Vanijya Private
Limited |
6000 |
|
Napraaj Commercial Private
Limited |
20000 |
|
Deco Transport Corporation
Limited |
36000 |
|
Eagle Industries Limited |
47000 |
|
NDC Enterprises Private
Limited |
40000 |
|
Multi Tree Limited |
100000 |
BUSINESS DETAILS
|
Line of Business : |
Importing and Trading of
Graphic Art Films, Paper Products and Graphic Art Films. |
|
|
|
|
Products : |
>
Finance Services >
Graphic Art Films >
Paper Products |
|
|
|
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Imports from : |
Russia,
Japan, Hong Kong, South Korea, Sweden and South Africa. |
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|
|
|
Terms : |
|
|
Purchasing : |
Credit
terms |
GENERAL INFORMATION
|
Suppliers : |
>
Abitibi Price Sales
Corporation, New York, U.S.A. >
AR Int'l Limited,
Hongkong >
Polmacq Hongkong
Limited, Hongkong >
Makor Custodium,
Moscow, Russia >
Mayar Hongkong
Limited, Hongkong >
RMG, Austria >
National Pulp &
Paper Corp., China >
Mekor International >
Konica Corporation,
Japan >
Jacob Jurgensen Papier
UND Zellst Off GmbH, Germany >
Hansol Corporation,
South Korea >
Pace Exports Limited,
U.K. >
Incor, Moscow >
Winners Twenty First
Century Corp., South Korea |
|
|
|
|
Customers : |
>
Indian Express Newspapers
Bombay Limited, India >
Times of India, India >
Anand Bazar Patrika
Limited, India >
Asian Age, India >
Aaj Group of
Publications, India >
Gana Shakti, India >
Arya Vat, India >
Filmi Duniya, Delhi,
India >
Assam Tribunl, Assam,
India >
Gyan Mandla Limited,
Varanasi, India >
Andhar Jyoti, India >
A K Ghosh Pvt.
Limited, India >
Express Publication
Limited, Chennai, Tamilnadu, India >
K L International,
Mumbai, India >
Aaj Kal, Calcutta,
West Bengal, India >
Samaj, Orissa, Delhi,
Cuttack >
Bartrnan, Calcutta,
West Bengal, India >
Tribune, Chanidgarh,
Punjab, India >
Hind Samachar,
Jalandhar, Punjab, India >
Punjab Keshari,
Jalandhar, Delhi >
Telgu Jayatia Dina
Patrika, Hyderabad >
Aaj (Hindi Daily),
Varanasi, India >
Dainik Mumbai Sandhya,
Mumbai >
Desh Pardeshni Ajkaal,
India >
Dharitri, Orissa,
India >
Estern Media Pvt.
Limited, Orissa, India >
Prattidin Prakashani,
Kolkata, West Bengal, India >
Samag, Orissa, India |
|
|
|
|
No. of Employees : |
40 |
|
|
|
|
Bankers : |
>
ICICI Bank Limited ICICI
Bank Towers, NBCC Place, Bhishma Pitamah Marg, Pragati Vihar, New Delhi Tel.
No. : 91-11-24390000 Fax
No. : 91-11-24390070 > ICICI Bank Limited Landmark, Race Course Circle, Alkapuri, Vadodara – 390007, India > ICICI Bank Limited ICICI Bank Towers,
Bandra Kurla Complex, Mumbai – 400051, Maharashtra, India >
State Bank of India >
Citi Bank >
Bank of America >
Vijaya Bank |
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|
|
|
Banking Relations : |
-- |
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|
|
|
Auditors : |
Agrawal Vinay &
Associates Chartered Accountants 114,
Mall J Shopping Centre, 3 Veer Savarkar Block, Shakarpur, Delhi – 110092, India |
|
Tel. No.: |
91-11-52444750/22500530 |
|
|
|
|
Associates : |
Industrial
Trade Corporation, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/-
each |
Rs. 20.000 millions |
Issued, Subscribed
& Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1055000 |
Equity Shares |
Rs.10/- each |
Rs. 10.550 millions |
FINANCIAL
DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.550 |
10.550 |
10.550 |
|
|
2] Share Application Money |
2.680 |
2.680 |
0.000 |
|
|
3] Reserves & Surplus |
16.764 |
16.267 |
15.982 |
|
NETWORTH
|
29.994 |
29.497 |
26.532 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.041 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
TOTAL
BORROWING
|
0.000 |
0.000 |
0.041 |
|
|
DEFERRED TAX LIABILITIES |
0.384 |
0.347 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
30.378 |
29.844 |
26.573 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
9.002 |
3.973 |
3.748 |
|
Capital work-in-progress
|
1.158 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT
|
3.300 |
0.000 |
0.000 |
|
DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
43.696 |
59.198 |
63.486 |
|
|
Sundry Debtors
|
120.742 |
108.682 |
97.957 |
|
|
Cash & Bank Balances
|
32.303 |
14.687 |
21.397 |
|
|
Other Current Assets
|
6.631 |
4.497 |
0.000 |
|
|
Loans & Advances
|
23.777 |
6.946 |
6.109 |
Total Current Assets
|
227.149 |
194.010
|
188.949
|
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities and Provisions
|
210.231
|
168.139 |
166.362 |
Total Current Liabilities
|
210.231 |
168.139
|
166.362
|
|
Net Current
Assets
|
16.918 |
25.871
|
22.587
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.238 |
|
|
|
|
|
|
|
TOTAL
|
30.378 |
29.844 |
26.573 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
Sales Turnover [including other income]
|
14.194 |
13.114 |
10.498 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
0.959 |
1.182 |
1.002 |
Provision for Taxation
|
0.462 |
0.475 |
0.338 |
Profit/(Loss) After Tax
|
0.497 |
0.707 |
0.664 |
|
|
|
|
|
Total Expenditure
|
13.234 |
11.931 |
9.495 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
PAT / Total Income
|
(%)
|
3.50
|
5.39 |
6.32 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
6.75
|
9.01 |
9.54 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total Assets} |
(%) |
0.40
|
0.59 |
0.51 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.03
|
0.04 |
0.03 |
|
|
|
|
|
|
Debt Equity Ratio
(Total Liability/Networth) |
|
7.00
|
5.70 |
6.27 |
|
|
|
|
|
|
Current Ratio
(Current Asset/Current
Liability) |
|
1.08
|
1.15 |
1.13 |
LOCAL AGENCY FURTHER INFORMATION
History
Sanjay
Trading Company was established in the year 1986 as a proprietorship firm.
Poddar Distributors Private Limited was incorporated on 7th February, 1995 and
took over the business of Sanjay Trading Company as a going concern. The name
of Poddar Distributors Private Limited was changed to Poddar Global Private
Limited w.e.f. 2nd
September, 1996.
After
that its name again changed from Poddar Global Private Limited to the present
one
Operations :
During
the year under report, there have been significant improvements in the
operating results of the company. The
company earned a profit before tax of Rs. 1.183 millions and profit before tax
of Rs. 0.728 million during the year as against Rs. 1.003 million and Rs. 0.665
million respectively in the corresponding year. The board is also hopeful to get encouraging result during the
current year.
Fixed
Assets :
- Car
- Cellular Phone
- Furniture and Fixtures
- Computer
- Pager
- Photocopier Machine
- Fax Machines
- EPABX
- Air conditioner
- Plant and Machinery
- CCTV Survell. SYS
- Motor Cycle
- Cycles
- Invertors
- Television
It imports paper newsprint.
It sells paper newsprint to small,
medium and large publication houses in the domestic market and renders
transport services also.
Its major customers are
publishers.
Fixed
Assets
Cars,
Cellular Phones, Furniture & Fixtures, Computers, Photocopier Machine, Fax
Machine, EPABX, Air Conditioners, Plant & Machineries, Motor Cycle, Cycles
and Televisions.
|
CIN
Number |
U74899DL1995PLC065141 |
|
Name
of the company |
PODDAR
GLOBAL LIMITED |
|
Address
of the company |
20
Engineers Enclave, Second Floor, Harsh Vihar Crossing, Pitam Pura, New Delhi
– 110034, India |
|
This
form is for |
Modification
of charge |
|
Type
of charge |
Others
Hypothecation
& equitable mortgage |
|
Particulars
of the charge holders |
ICICI
Bank Limited 9A
Phelps Building, Connaught Place, New Delhi – 110001, India |
|
Amount
secured by the charge |
Rs.
35.000 millions |
|
Description
of the property charged indicating whether it is a charge on |
Immovable
properties, plant and machinery, furniture and fixtures, stock in trade, book
debts, vehicles and others If
others, specify All
current assets & fixed assets |
|
Modification
of charges Charge
identification number of the charge to be modified |
80000620 |
|
Brief
description of the instrument modifying the charge |
Letter
of Amendment |
|
Date
of instrument modifying the charge |
24.04.2006 |
|
Particulars
of the present modification |
Full
interchangeability between foreign LC Limits & Inland LC Limits |
WEBSITE
DETAILS
Here are they and our work
Poddar Global Limited is the leading importers & distributors of Newsprint Paper, Glazed
Paper and LWC Paper in India.
Earlier before, February, 1995, our newsprint business
was known as Sanjay Trading Company with 25 years experience in handling
publication paper.
They are supplying approximately 5000 tonnes of
publication paper per month to more than 200 small and big newspaper houses
located in various states nationwide.
Mission & Vision
Their mission and vision, is to bring the best services to their valued
customers, which have made us the largest newsprint importing and distributing
company in India. Today PGL has extremely strong bonds with leading international
newsprint manufacturing and trading companies located all over the world as
well as the cream of Indian Newspaper and Printing sectors.
Facts at Glance
PGL has set up its own warehouses at the major Indian Port towns to explore the
scope of distribution of Newsprint on a mass scale. It has got own fully
computerized Rewinding, Cutting and Slitting machines in all four major
newsprint consuming sectors i.e. New Delhi, Kolkata, Chennai & Mumbai to
cater its best services to various consumers of various sizes and qualities of
Newsprint.
It has been importing 5000 tones of Newsprint Paper
on monthly basis from all major parts of world routed through all containerized
Ports and ICDs in India. It provides best quality of Paper from abroad to even
‘B’ Grade Newspapers, who are unable to import directly on their day to day
requirement and parallel to their financial position.
Flexibility
In the year 2000 due to the increase in the Y2K & Dot Com companies there
was a boom in the advertisements for the newspapers all over the world. Thus a
reaction followed where the demand for the newsprint went up all over the
world. Here in this situation the prices of imported newsprint touched a new
high. During this time it became very costly for the Indian buyer to buy a
quality product from abroad as it was too expensive. This in turn increased the
demand for the indigenous Newsprint. To answer this challenge PGL shifted its
focus from Imported to indigenous newsprint.
During the shift PGL came across a lot of mills that were financially week.
They were not able to utilize full capacity due to lack of raw material. But
for that they needed the raw material in the form of imported waste paper. In
order to meet the demand of their customers in the form of newsprint PGL had to
get into importing the waste paper for the mills, acting as their financer in
turn to get the finished goods to supply to the newspapers.
Global Alliance Pvt. Ltd. (GAL) their Sister concern was born to tap this
market. Global Alliance Pvt. Ltd. is engaged in providing International trading
and financial services. GAL is supplying and financing the waste paper to lot
of Indian mills PGL has risen to the challenge and like a phoenix raise form
ashes has come up stronger with new allied in GAL.
News & Events
The Hindu Business Line
Newsprint demand may rise 0.100 million tones
DOW Jones
SINGAPORE, Aug, 3
INDIA’s newsprint consumption may reach 1.2 million
tones in 2001,up Delhi-based newsprint trading company Poddar Global Limited
Has said.
“Circulation of Indain Newspapers in on an increasing trend,” the company’s
managing director,mr. Sunil Poddar, said, adding that he expected newsprint
demand to rise 5-10 per cent each year in the next five years, in line with the
country’s economic growth.
The demand growth rate expected in India exceeds that of Asia as a
whole.US-Based Resource Information Systems Inc has forecast that Asian
newsprint demand would hit 10.34 million tonnes in 2001, up 2 per cent from the
previous year.
Poddar Global is a major newsprint trading company in India. It buys about
60,000-70,000 tones of newsprint from both domestic and foreign producers for
sale domestically.Despite healthy demand for newsprint, Mr. Poddar said prices
continued for imported newsprint, in line with the regional trend.
For the third quarter, india’s benchmark
45-gm-asq-m newsprint had been quoted at $480-$500/tonne, on a coast and
freight basis to India, down from $550/tonne in the second quarter, Mr Poddar
said.
Such low prices of imported material have attracted
domestic enducers, despite the availability of domestically produced newsprint
at prices below $400/tonne.
Domestically produced newsprint’s “quality is not
as high,” Mr Poddar said. Imported newsprint’s “prices will go down further to
$440 - $460/tonne, c&f Indian ports”, as world consumption might go down
due to a reduction in reel width of newspapers all over the world, he said.
Russia is the biggest supplier of newsprint to
India.
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.45.03 |
|
UK
Pound |
1 |
Rs.79.30 |
|
Euro |
1 |
Rs.53.99 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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
|
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 |