MIRA
INFORM REPORT
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Report Date : |
04.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL
CALCIUM PRIVATE LIMITED |
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Registered Office : |
No. 126, SIPCOT
Industrial Complex, Hosur – 635126, Dharmapuri District, Tamilnadu |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
02.11.2001 |
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Com. Reg. No.: |
18-9946 |
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CIN No.: [Company
Identification No.] |
U02429TZ1979PTC009946 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEG00057B |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturing and exporting of Calcium
Sodium and its compounds, and other chemicals. |
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
475000 |
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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 fair. Business is
active. Payments are reported as 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/ Factory : |
No. 126, SIPCOT Industrial Complex, Hosur – 635126, Dharmapuri
District, Tamilnadu, India |
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Tel. No.: |
91-4344-500683/276958/276959/276235 |
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Fax No.: |
91-4344-576359/276359 |
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E-Mail : |
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Website : |
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Corporate
Office : |
Koramangala, IIIrd Block, Bangalore -560 034, Karnataka, India |
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Tel.
No.: |
91-80-25523119/ 25520831/ 25530831/
25531752 / 25535374 |
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Fax
No.: |
91-80-25530807 |
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E-Mail
: |
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Branches
: |
30, Rajaji Salai,
Hongkong Bank Building, Chennai – 600 001, Tamilnadu, India |
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Tel.
No.: |
91-44-5263946 |
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Fax
No.: |
91-44-5223217 |
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E-Mail
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DIRECTORS
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Name : |
Mr.
Arif Vazirally |
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Designation : |
Managing
Director |
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Address : |
381,
Sarjapur Road, Koramangala, III Block, Bangalore – 560034, Karnataka, India |
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Date of Birth/Age : |
16.03.1949 |
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Date of Appointment : |
10.10.1979 |
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Name : |
Mr.
Master Masoom |
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Designation : |
Director
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Address : |
Christmas
Eve, Westfield Estate, 63Q BD Road, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
12.10.1939 |
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Date of Appointment : |
10.10.1979 |
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Name : |
Mr. M.
Chandrasekar |
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Designation : |
Director
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Address : |
B9
& 10, Sipcot Housing Colony, Hosur – 635126, Dharmapuri, Tamilnadu, India |
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Date of Birth/Age : |
10.08.1953 |
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Date of Appointment : |
31.08.1999 |
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Name : |
Mr.
Nahid Vazirally |
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Designation : |
Director
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Address : |
381,
Sarjapur Road, Koramangala, III Block, Bangalore – 560034, Karnataka, India |
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Date of Birth/Age : |
07.08.1953 |
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Date of Appointment : |
28.06.2002 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr. T.
Rafeeq Ahmed |
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4668 |
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Mr.
Masoom Master & Suraiya Master |
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33648 |
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Mr.
Suraiya Master & Masoom Master |
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19332 |
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Mr. M.
D. Narayan |
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48000 |
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Mr.
Arif Vazirally |
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110740 |
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Mr. M.
D. Balakrishna |
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10000 |
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Mr.
Ashok Sinha |
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2000 |
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Mr.
Nahid Vazirally |
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12388 |
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Anur
Investments Private Limited |
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102176 |
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Mr.
Rishaad Vazirally |
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7224 |
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Mr.
Sahil Vazirally |
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7900 |
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Beblec
[India] Private Limited |
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36240 |
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Mrs.
Nihal Alladin |
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1492 |
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Mr.
Ahmed Mohammed & Abdul Razak Osman |
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1332 |
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Mr. K.
A. Wadood |
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800 |
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Mr.
Shakir Fazalbhoy |
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4000 |
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Mr.
Ameer Aladdin |
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168 |
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Ms.
Farah Aladdin |
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164 |
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Mr.
Rajab Vaziralli & Mrs. Noorjehan Vazirally |
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4980 |
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Mrs.
Noorjehan Vazirally & Rajab Vaziralli |
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4668 |
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Mr. T.
Adnan Ahmed |
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2668 |
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Mr. T.
Faizan Ahmed |
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2664 |
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TOTAL |
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417252 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and exporting of Calcium
Sodium and its compounds, and other chemicals. |
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Products : |
GLOBOGLUCO® - Gluconates Calcium
Gluconate Calcium
Lactate Gluconate Calcium
Boro-Gluconate Sodium
Gluconate Magnesium
Gluconate Manganese
Gluconate Potassium
Gluconate Zinc
Gluconate Ferrous
Gluconate Magnesium
Lactate Gluconate Copper
Gluconate GLOCITRO®-Citrates Calcium Citrate Potassium Citrate Magnesium Citrate GLOSCORBO®
- Ascorbates Calcium Ascorbate Sodium Ascorbate Magnesium Ascorbate GLOLACTOBIO®
- Lactobionates Lactobionic Acid Calcium Lactobionate Calcium Bromolactobionate GLOMALO® - Malates Calcium Malate Citrate GLORO®
- Orotates Calcium Orotate Potassium Orotate Magnesium Orotate Zinc Orotate GLOPYRO® - Pyruvates Calcium Pyruvate Magnesium Pyruvate Zinc Pyruvate GLOLACTO®
- Lactates Calcium Lactate Calcium Lactate Gluconate Magnesium Lactate Gluconate |
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Exports to : |
Canada, Egypt, Iran, Pakistan, Poland,
Spain, Switzerland and USA |
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Imports from : |
The Netherlands |
GENERAL
INFORMATION
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No. of Employees : |
50 |
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Bankers : |
Indian Bank Bangalore City Branch, 10, K. G. Road, Bangalore – 560001, Karnataka, India Indian Bank, Rajaji Salai, Chennai – 600
001, Tamilnadu |
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Banking Relations : |
Satisfactory
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Auditors : |
R.
Subramanian & Company Chartered
Accountants, S –
616, Manipal Centre, No. 47, Dickenson Road, Bangalore – 560042, Karnataka,
India Contact
Person : Mr. A. S. Ramanathan |
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Memberships : |
Ř Confederation of Indian Industry Ř Indian Drug Manufacturers Association Ř CHEMEXIL |
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Subsidiaries : |
Calcitech
India Private Limited CIN
No. : U32109TZ1989PTC008787 |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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450000 |
Equity
Shares |
Rs. 10/- each |
Rs. 4.500 millions |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
|
417200 |
Equity
Shares |
Rs. 10/- each |
Rs. 4.172 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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4.172 |
4.172 |
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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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116.490 |
104.395 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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120.662 |
108.567 |
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LOAN FUNDS |
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1] Secured Loans |
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82.536 |
64.401 |
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2] Unsecured Loans |
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0.250 |
0.250 |
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TOTAL BORROWING |
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82.786 |
64.651 |
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DEFERRED TAX LIABILITIES |
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31.471 |
21.173 |
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TOTAL |
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234.919 |
194.391 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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167.744 |
155.295 |
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Capital work-in-progress |
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5.812 |
0.000 |
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INVESTMENT |
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18.383 |
19.256 |
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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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24.042 |
15.856 |
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Sundry Debtors |
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30.522 |
22.400 |
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Cash & Bank Balances |
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2.262 |
1.540 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
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34.929 |
40.440 |
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Total Current Assets |
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91.755 |
80.236 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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27.133 |
40.274 |
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Provisions |
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21.642 |
20.122 |
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Total Current Liabilities |
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48.775 |
60.396 |
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Net Current Assets |
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42.980 |
19.840 |
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MISCELLANEOUS EXPENSES |
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0.000 |
0.000 |
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TOTAL |
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234.919 |
194.391 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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N.A. |
N.A. |
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Net
Profit Margin (PBT/Sales) |
(%) |
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N.A. |
N.A. |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
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N.A. |
N.A. |
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Return
on Investment (ROI) (PBT/Networth) |
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N.A. |
N.A. |
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Debt
Equity Ratio (Total
Liability/Networth) |
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1.09 |
1.15 |
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Current
Ratio (Current
Asset/Current Liability) |
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1.88 |
1.32 |
LOCAL AGENCY
FURTHER INFORMATION
Subject has been accredited with ISO 9002
Certification.
Form 8 Particular for creation or modification of charges
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Corporation identity number or foreign company registrations number of the company |
U02429TZ1979PTC009946 |
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Name of the company |
GLOBAL CALCIUM PRIVATE LIMITED |
|
Address |
No. 126, SIPCOT Industrial Complex, Hosur – 635126, Dharmapuri
District, Tamilnadu, India |
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This Form is for |
Modification of charge |
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Type of Charges |
Hypothecation and equitable mortgage or mortgage of property by depositing the title deeds |
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Particular of the charge holder |
Indian Bank Bangalore City Branch, 10, K. G. Road, Bangalore – 560001, Karnataka, India |
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Nature or description of the instrument creating charge |
Agreement for demand cash credit on the hypothecation of movable property cash credit Agreement for bills purchased All relate to the same charge |
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Date of the instrument creating charge |
28.11.1984 |
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Amount Secure by the charge |
Rate of Interest – 5.5% p.a. over RBI rate subject of minimum 15.5% p.a. payable quarterly. Margin money – 25% for OCC 10% for Bills Purchased Terms of facility – 1 year |
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Description of the property charge whether it is a charge on |
Immovable properties, plant and machinery, stock in trade and book debts |
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Modification charge Charge identification number of the charge to be modified |
90006384 |
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Brief description of the instrument modifying the charge |
Agreement for open cash credit [stocks/ book debts] Agreement for packing credit Agreement for increase of cash credit limit Agreement for bills purchased Letter confirming extension of equitable mortgage |
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Date of instrument modifying the charge |
10.03.2006 |
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Particulars of the Property charged |
Land buildings, fixed machinery and plant situated at Plot No. 125 & 126, Sipcot Industrial Complex, Hosur – 635126 |
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Particulars of the present modification |
Open cash credit increased from Rs. 4.000 millions to Rs. 7.600 millions Packing Credit increased from Rs. 15.000 millions to Rs. 17.500 millions |
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Corporation identity number or foreign company registrations number of the company |
U02429TZ1979PTC009946 |
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Name of the company |
GLOBAL CALCIUM PRIVATE LIMITED |
|
Address |
No. 126, SIPCOT Industrial Complex, Hosur – 635126, Dharmapuri
District, Tamilnadu, India |
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This Form is for |
Modification of charge |
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Type of Charges |
Hypothecation and equitable mortgage or mortgage of property by depositing the title deeds |
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Particular of the charge holder |
Indian Bank Bangalore City Branch, 10, K. G. Road, Bangalore – 560001, Karnataka, India |
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Nature or description of the instrument creating charge |
Agreement for demand cash credit on the hypothecation of movable property cash credit Agreement for bills purchased All relate to the same charge |
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Date of the instrument creating charge |
28.11.1984 |
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Amount Secure by the charge |
Rs. 0.600 million |
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Brief of the principal terms and conditions and extent and operation of the charge |
Rate of Interest – 5.5% p.a. over RBI rate subject of minimum 15.5% p.a. payable quarterly. Margin money – 25% for OCC 10% for Bills Purchased Terms of facility – 1 year |
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Description of the property charge whether it is a charge on |
Immovable properties, plant and machinery, stock in trade |
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Modification charge Charge identification number of the charge to be modified |
90006384 |
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Brief description of the instrument modifying the charge |
Medium Term Lon Agreement Agreement of hypothecation of movables Letter confirming extension of equitable mortgage |
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Date of instrument modifying the charge |
25.03.2006 |
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Particulars of the Property charged |
Land buildings, fixed machinery and plant situated at Plot No. 125 & 126, Sipcot Industrial Complex, Hosur – 635126 |
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Particulars of the present modification |
Fresh Medium Term Loan of Rs. 18.000 millions availed along with existing limits of Rs. 44.500 millions |
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Corporation identity number or foreign company registrations number of the company |
U02429TZ1979PTC009946 |
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Name of the company |
GLOBAL CALCIUM PRIVATE LIMITED |
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Address |
No. 126, SIPCOT Industrial Complex, Hosur – 635126, Dharmapuri
District, Tamilnadu, India |
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This Form is for |
Creation of charge |
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Type of Charges |
Hypothecation |
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Particular of the charge holder |
Indian Bank Bangalore City Branch, 10, K. G. Road, Bangalore – 560001, Karnataka, India |
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Nature or description of the instrument creating charge |
Agreement of Hypothecation of movables |
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Date of the instrument creating charge |
21.04.2006 |
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Amount Secure by the charge |
Rs. 0.250 million |
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Brief of the principal terms and conditions and extent and operation of the charge |
Interest @ 9.5% p.a. [Fixed], Margin – 20% Repayable in 36 EMI’s of Rs. 8025/- each |
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Description of the property charge whether it is a charge on |
Immovable properties, plant and machinery, stock in trade |
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Modification charge Charge identification number of the charge to be modified |
90006384 |
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Brief description of the instrument modifying the charge |
Medium Term Lon Agreement Agreement of hypothecation of movables Letter confirming extension of equitable mortgage |
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Date of instrument modifying the charge |
25.03.2006 |
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Particulars of the Property charged |
Motor Vehicles |
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Particulars of the present modification |
Fresh Medium Term Loan of Rs. 18.000 millions availed along with existing limits of Rs. 44.500 millions |
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Corporation identity number or foreign company registrations number of the company |
U02429TZ1979PTC009946 |
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Name of the company |
GLOBAL CALCIUM PRIVATE LIMITED |
|
Address |
No. 126, SIPCOT Industrial Complex, Hosur – 635126, Dharmapuri
District, Tamilnadu, India |
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This Form is for |
Modification of charge |
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Type of Charges |
Hypothecation and equitable mortgage or mortgage of property by depositing the title deeds |
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Particular of the charge holder |
Indian Bank Bangalore City Branch, 10, K. G. Road, Bangalore – 560001, Karnataka, India |
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Amount Secure by the charge |
Rs. 62.500 millions |
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Description of the property charge whether it is a charge on |
Immovable properties, plant and machinery, stock in trade |
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Modification charge Charge identification number of the charge to be modified |
90006384 |
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Brief description of the instrument modifying the charge |
Medium Term Lon Agreement Agreement of hypothecation of movables Letter confirming extension of equitable mortgage |
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Date of instrument modifying the charge |
25.03.2006 |
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Particulars of the Property charged |
As per Annexure |
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Particulars of the present modification |
Fresh Medium Term Loan of Rs. 18.000 millions availed along with existing limits of Rs. 44.500 millions |
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Corporation identity number or foreign company registrations number of the company |
U02429TZ1979PTC009946 |
|
Name of the company |
GLOBAL CALCIUM PRIVATE LIMITED |
|
Address |
No. 126, SIPCOT Industrial Complex, Hosur – 635126, Dharmapuri
District, Tamilnadu, India |
|
This Form is for |
Modification of charge |
|
Type of Charges |
Hypothecation and equitable mortgage or mortgage of property by depositing the title deeds |
|
Particular of the charge holder |
Indian Bank Bangalore City Branch, 10, K. G. Road, Bangalore – 560001, Karnataka, India |
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Amount Secure by the charge |
Rs. 44.500 millions |
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Description of the property charge whether it is a charge on |
Immovable properties, plant and machinery, stock in trade , book debts |
|
Modification charge Charge identification number of the charge to be modified |
90006384 |
|
Brief description of the instrument modifying the charge |
Agreement for open CC/BD Agreement for increase in cash credit limit Agreement for PC/Preshipment Agreement for bills purchased Agreement of hypothecation |
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Date of instrument modifying the charge |
10.03.2006 |
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Particulars of the Property charged |
Please refer attachment |
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Particulars of the present modification |
Open Cash Credit increased from Rs. 4.000 millions to Rs. 7.500 millions Packing Credit increased from Rs. 15.000 millions to Rs. 17.500 millions |
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Name of the company |
GLOBAL CALCIUM PRIVATE LIMITED |
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Presented By |
Mr. Arif Vazirally, Managing Director |
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1) Date and description of instrument creating the change |
Agreement for Demand Cash Credit on the hypothecation of movable property [Open Cash Credit] dated 28.11.84 Agreement for Bills purchased dated 28.11.84 All relate to the same charge |
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2) Amount secured by the charge/amount owing on the securities of charge |
Open Cash Credit [OCC] : Rs. 0.350 million Bills Purchased / Discounted : Rs. 0.250 million Total : Rs. 0.600 million |
|
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 |
All the stock of raw materials, finished goods, goods-in-process, stores at Plot No. 126, SIPCOT Complex, Hosur and cheques, bills, hundis or other instruments with or without share certificates, government securities or other documents including railway receipts, bills of lading or other documents constituting title to goods attached. Covering book debts and receivables of the company |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Terms and conditions are as per the attached leter & documents of Indian City Branch, Margin Money is 25% in respect of OCC and 10% in respect of Rate of Interest : 5.5% per annum over the |
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5) Name and Address and description of the person entitled to the charge. |
Indian Bank Bangalore City Branch, Kempe Gowda Road, Bangalore – 560009, Karnataka, India |
|
6) Date and brief description of instrument modifying the charge |
Dated 25.07.2005 – 1. Hypothecation agreement creating second charge on plant / machinery, accessories, tools, movables 2. Letter ceding 2nd charge 3. Consent letter from Tamilnadu Industrial Investment Corporation Limited ceding second charge in favour of Indian Bank |
|
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. |
Creation of second charge in favour of the bank, on assets already created in favour of Tamilnadu Industrial Investment Corporation Limited, Hosur Branch, to the existing limits. |
WEBSITE
DETAILS
Location
:
Global Calcium is
located in the city of Bangalore. The city is globally recognized as the
Silicon Valley of Asia due to several Fortune 500 companies having their
research and development facilities present in and around the city.
Global Calcium operates
out of this professional environment in Bangalore, with a wide spread of
marketing and product support offices in India and also through a network of
business associates in other parts of the world.
India offers a very
conducive business environment for manufacturing of API, which has resulted in
the business presence of pharmaceutical majors, who have leveraged on the huge
people talent, wide range of specialty products, extensive markets network and
low operational cost advantages which the country offers.
Consequently, India has
the second largest pharmaceutical industry in the world by volume, with the
majority of produce being consumed by the export markets.
The Global Group was
initially conceptualized with the single objective of starting a small but
highly quality conscious company, to produce Calcium Gluconate for the famed
Swiss pharmaceutical major SANDOZ in the late 1970's.
In the early 1980's,
Calcium India was approached by the erstwhile Glaxo to develop Calcium
Lactobionate for a challenging application. Global Calcium was born out of this
need and the group today produces over 2000 MT of various calcium salts and
mineral gluconates each year.
Management
Team
All their operations are driven towards business
excellence within the health care industry, offering clients a one-stop-shop
for specialty bulk ingredients that are used in various challenging
applications, in a variety of sterile and non-sterile pharmaceuticals, health
products and mineral supplements.
Founded in the early 1980's, Global Calcium has today
emerged as a strong and vibrant international company. Over the years, the
close relationship they have nurtured with market-leading pharmaceutical,
biotechnology, health care, food & beverage companies have provided great
value and forms the basis of their expertise and consultancy in the application
of calcium and mineral compounds.
Their management team consists of Technocrats and
entrepreneurs from backgrounds ranging from pure science to Investment Banking
to Consulting and highly skilled professionals in Pharmacology, Chemistry,
Quality Assurance and Engineering.
All their directors have strong domain expertise in
the life sciences segments and their stewardship in several leading trade
bodies nationally and internationally.
Products
:
With 25 years experience Global Calcium has a
comprehensive product range that is applied across a range of industries.
Details of Global Calcium's products, including
grades, concentrations, shelf life, bacterial count, etc, can be accessed by
clicking on the corresponding product below.
They would be delighted to offer you a sample with COA
of any of their products to demonstrate the excellent quality of all their
products.
Clientele
Over the last 25
years, Global Calcium has forged strategic alliances with several leading
pharmaceutical, nutritional, food and beverage companies around the world.
Current client list
ranges across 45 countries across the globe.
Customer satisfaction
is our biggest priority and all our 500+ employees strive towards this
parameter of success.
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.44.30 |
|
UK
Pound |
1 |
Rs.85.83 |
|
Euro |
1 |
Rs.57.92 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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 |
|