MIRA INFORM REPORT
|
Report
Date : |
29.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
ESS AAR UNIVERAL PRIVATE LIMITED |
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Registered
Office : |
G – 90, Basement, Preet Vihar, Delhi – 110092 |
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Country
: |
India |
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Financials
(as on) : |
31.03.2006 |
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Date
of Incorporation : |
31.07.1984 |
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Com.
Reg. No.: |
55-66225 |
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CIN
No.: [Company
Identification No.] |
U00000DL1984PTC066225 |
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TAN
No.: [Tax
Deduction & Collection Account No.] |
KNPE01036A |
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Legal
Form : |
Private Limited Liability Company. |
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Line
of Business : |
Manufacture and Exporter of Electrical Control Panels, Bus
Duct and Steel fabricated components.
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RATING & COMMENTS
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MIRA’s
Rating : |
Ba |
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
175000 |
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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. Trade relations are fair. General financial position is
satisfactory. Payments are usually correct and as per commitments. The company can be considered good for any normal business
dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office : |
G – 90, Basement, Preet Vihar, Delhi – 110092 |
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Tel.
No.: |
91-11-22429553 |
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Fax
No.: |
91-11-22454528 |
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E-Mail
: |
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Website
: |
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Location : |
Commercial |
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Administer
Office : |
201, Pankaj Chamber, Commercial Complex, Preet Vihar,
Delhi – 110092 |
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Factory
1 : |
C-10, Panki Industrial area-III, kanpur-208022 |
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Tel.
No.: |
91-512-2692515/2692516 |
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Fax
No.: |
91-512-2692517 |
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E-Mail
: |
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Website
: |
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Area : |
42300 Sq. ft (Covered Area – 30,000 Sq. ft), Manufacturing
Area – 25000 Sq. ft, Office Block – Double Storey – 2000 Sq. ft |
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Location : |
Owned (Industrial) |
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Factory
2 : |
A –40/1, Site IV, Sahibabad Industrial Area, Ghaziabad –
201010 |
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Tel.
No.: |
91-120-2896012/2896074 |
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Fax
No.: |
91-120-2895951 |
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E-Mail
: |
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Location : |
Industrial |
DIRECTORS
|
Name : |
Mr.
Sudhir Rustagi |
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Designation
: |
Director |
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Address
: |
G-90,
Preeti Vihar, Delhi-110092, India |
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Date
of Appointment : |
28th May, 1997 |
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|
|
|
Name : |
Mr. Neeraj
Rustagi |
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Designation
: |
Director |
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Date
of Appointment : |
28th May, 1997 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mrs.
Bimla Devi Rustagi |
23450 |
4.85 |
|
Mr. Devi
Dayal Rustagi |
700 |
0.14 |
|
Mrs.
Kalpna Rustagi |
38850 |
8.04 |
|
Mr.
Sudhir Rustagi |
237250 |
49.07 |
|
Mr.
Tanmay Rustagi |
91450 |
18.91 |
|
Mr.
Gandharv Rustagi |
91450 |
18.91 |
|
Mrs. Usha
Rustagi |
350 |
0.07 |
|
Total |
483500 |
100.00 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacture and Exporter of Electrical Control Panels, Bus
Duct and Steel fabricated components.
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Products
: |
v
ACB and OCB Panels v
Annunciator Panels v
Automatic Power Factor
Improvement Panels v
Busbar Trunking Panels v
Capacitor Panels v
Change Over Panels v
Control Desks v
Distribution Boards for AC
and DC v
Feeder Pillars v
Fuse Distribution Boards v
Local Control Station
Panels v
Low Tension and High
Tension Main Panels v
Motor Control Centres v
PLC Panels v
Power Control Centres v
Power Distribution Boards v
Push Button Stations v
Relay Panels v
Relay and Metering Panels |
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Exports
to : |
Kazakhstan, Kenya, Nepal |
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Terms
: |
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Selling : |
Cash or Credit (30 days) |
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Purchasing : |
Cash or Credit (30 days) |
GENERAL INFORMATION
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Customers
: |
Delhi Vidyut Board |
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No. of
Employees : |
69 |
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Bankers
: |
v Allahabad Bank v Punjab National Bank v HDFC Bank Limited v ICICI Bank Limited v The Bank of Rajasthan Limited,
75/232, Halsey Road, Kanpur State Bank of India, Kalpi Road, Kanpur |
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Banking Relations : |
Satisfactory |
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Auditors
: |
P. L.
Tondon and Company Chartered
Accountants |
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Address:
|
West Cott
Building, Mahatma Gandhi Road, Post Boa No. 113, Kanpur – 208001, Uttar
Pradesh |
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Tel.
No.: |
91-512-2366774/2317857 |
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Fax
No.: |
91-512-2351560 |
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Associates/Subsidiaries
: |
Rustagi Engineering Udyog Private Limited, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
6000000 |
Equity
Shares |
Rs. 10/- each |
Rs. 60.000 millions |
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
2901000 |
Equity
Shares |
Rs. 10/- each |
Rs. 29.010 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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|
SHAREHOLDERS
FUNDS |
|
|
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|
1] Share
Capital |
|
29.010 |
4.835 |
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|
2] Share
Application Money |
|
0.000 |
0.000 |
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3]
Reserves & Surplus |
|
15.176 |
28.057 |
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4]
(Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH
|
|
44.186 |
32.892 |
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LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
|
6.471 |
5.331 |
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|
2]
Unsecured Loans |
|
28.917 |
26.778 |
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TOTAL
BORROWING
|
|
35.388 |
32.109 |
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|
DEFERRED
TAX LIABILITIES |
|
0.000 |
0.000 |
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TOTAL
|
|
79.574 |
65.001 |
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APPLICATION OF FUNDS
|
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FIXED ASSETS [Net Block]
|
|
49.197 |
48.463 |
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Capital work-in-progress
|
|
1.583 |
0.000 |
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INVESTMENT
|
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS
|
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
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Inventories
|
|
25.804 |
16.380 |
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Sundry Debtors
|
|
44.589 |
24.078 |
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Cash & Bank Balances
|
|
4.094 |
6.584 |
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Other Current Assets
|
|
0.574 |
0.372 |
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Loans & Advances
|
|
12.158 |
5.843 |
Total Current Assets
|
|
87.219 |
53.257 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
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Current Liabilities
|
|
49.973 |
33.918 |
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Provisions
|
|
8.452 |
2.801 |
Total Current Liabilities
|
|
58.425 |
36.719 |
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Net
Current Assets
|
|
28.794 |
16.538 |
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|
|
|
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MISCELLANEOUS EXPENSES
|
|
0.000 |
0.000 |
|
|
|
|
|
|
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TOTAL
|
|
79.574 |
65.001 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
Sales Turnover [including other income]
|
|
232.552 |
150.282 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
|
15.691 |
5.379 |
Provision for Taxation
|
|
0.000 |
0.000 |
Profit/(Loss) After Tax
|
|
15.691 |
5.379 |
|
|
|
|
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Export Value
|
|
10.179 |
3.531 |
|
|
|
|
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Total Expenditure
|
|
216.860 |
144.903 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
PAT / Total Income
|
(%)
|
|
6.74 |
3.57 |
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|
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|
Net Profit Margin
(PBT/Sales) |
(%) |
|
6.74 |
3.57 |
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|
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|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
|
11.50 |
5.28 |
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Return on Investment (ROI)
(PBT/Networth) |
|
|
0.35 |
0.16 |
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|
|
|
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Debt Equity Ratio
(Total
Liability/Networth) |
|
|
2.12 |
2.09 |
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|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
|
1.49 |
1.45 |
LOCAL AGENCY FURTHER INFORMATION
Website Details :
BACKGROUND
Established in 1984, subject specializes in manufacturing of complete range of
Electrical Control Panels and Steel fabricated components. Equipped with
sophisticated fabrication machines and Seven Tank Process for pretreatment, the
unit is situated in Panki Industrial Area, Kanpur.
The Electrical Panels so manufactured by ESS AAR find applications in almost
every type of industry. The Company enjoys a rare distinction of being an OEM
of Siemens Limited, GEC Alsthom India Limited and Asea Brown Boveri Limited.
The unit had been set up with the genuine intentions of supplying quality
Panels at affordable prices within the required delivery schedule of customers.
There are those big giants who can give quality but then the prices are
unaffordable and deliveries too long to wait for. Then there are those small
fabricators who offer competitive prices but without any commitment to quality
and delivery. At ESS AAR, the philosophy is to supply quality products at
affordable prices within delivery requirements of customers.
The Company counts among its client’s prestigious organizations such as Lohia
Group, Telco, Ceat, Raymonds, Philips, Bses, ICI, Toyo Engineering, Bhel,
Hindalco, Hindustan Lever Limited, Flour Mills, Cement Plants and various other
reputed industries.
ACTIVITIES
Subject is engaged in design and manufacturing of complete range of LT
Electrical Panels and Bus Duct for application in Chemical, Textile, Cement,
Engineering and other core industries. Entire manufacturing operations of the
company take place under one roof in a factory constructed over a plot of 42000
sq. ft.
PERSONNEL
At ESS AAR people have been the Key to the success of the company and today
around 69 dedicated people in various capacities are looking after all the
affairs of the company.
INFRASTRUCTURE
ESS AAR has a factory covered area of 30000 sq. ft. and the factory is
constructed over a plot area of 42000 sq. ft. Double storied office block has a
carpet area of 2000 sq. ft. The company has another plot of 42500 sq. ft.
adjacent to the existing one to take care of future expansion plans.
MARKETS COVERED
All over India and Nepal
MARKET NETWORK
Marketing is looked after by the Chief Executive himself. He is assisted by two
engineers.
MOTTO OF THE ORGANISATION
Quality in every activity in order to consistently meet and exceed customer
satisfaction.
DETAILS OF SISTER CONCERN
The company has a division at Sahibabad engaged in manufacturing of PU Soles
for Shoe Industry.
PRODUCTS
Motor Control Centers, LT Electrical Panels, Distribution
Boards, Power Control Centers and Bus Ducts.
FUTURE PLANS
The company has acquired a 5060 sq. meter plot in Tronica City - an industrial
area close to New Delhi. It is intended to set up a project for manufacturing
of some electrical products for industrial/domestic applications preferably
under some foreign collaboration. Efforts are on to identify a product and
locate a suitable collaborator.
POSTSCRIPT
Subject is a company which does not shy away from innovation and are
incessantly working towards diversification to achieve targeted growth. Given
the expertise in manufacturing of Electrical Panels, company plans to produce a
still wider range of Electrical Panels for application in various types of
industries.
Reference List of
Clients/ Consultants
AUTOMOBILES
Ø
Tata
Engineering & Locomotive Company Limited, Lucknow (Uttar Pradesh)
Ø
LML
Limited, Kanpur (Uttar Pradesh)
Ø
Industrial
Electronics (Division of LML), Kanpur (Uttar Pradesh)
Ø
Vespa
Car Company Limited, Rae Bareli (Uttar Pradesh)
CEMENT
Ø
J. K.
White Cement Works, Gotan (Rajasthan)
Ø
Maihar
Cement, Satna (Madhya Pradesh)
Ø
Delhi
Cement Limited, Behror (Rajasthan)
Ø
Dhruv
Industrial Company Limited, Sumerpur (Uttar Pradesh)
CHEMICAL
Ø
Hindustan
Lever Limited, Pune (Maharashtra)
Ø
ICI
India Limited, Kanpur (Uttar Pradesh)
Ø
Duncan
Industries Limited, Kanpur (Uttar Pradesh)
POWER/ENGINEERING
Ø
Hindalco
Industries Limited, Renukoot (Uttar Pradesh)
Ø
Siemens
Limited, New Delhi
Ø
Bharat
Heavy Electricals Limited, Jhansi (Uttar Pradesh)
Ø
BSES
Limited, Mumbai (Maharashtra)
STEEL
Ø
Bharat
Berg Limited, Fatehpur (Uttar Pradesh)
Ø
Kusum
Ingots & Alloys Limited, Indore (Madhya Pradesh)
Ø
Mohan
Steels Limited, Unnao (Uttar Pradesh)
Ø
Rajindra
Steels Limited, Kanpur Dehat (Uttar Pradesh)
Ø
RHL
Profiles Limited, Unnao (Uttar Pradesh)
Ø
Somani
Steels Limited, Unnao (Uttar Pradesh)
SUGAR INDUSTRIES
Ø
Balrampur
Chini Mills, Balrampur (Uttar Pradesh)
Ø
Bajaj
Hindusthan Limited, Gola (Uttar Pradesh)
Ø
Bharat
Sugar Mills, Sidhwalia (Bihar)
Ø
The
Dhampur Sugar Mills Limited, Dhampur (Uttar Pradesh)
Ø
Upper
Ganges Sugar & Industries Limited, Seohara (Uttar Pradesh)
Ø
Bhopal
Sugar Industries Limited, Sehore (Madhya Pradesh)
Ø
Cogent
Engineers Private Limited, Pune (Maharashtra)
Ø
DSM
Sugar Barabanki, Rauzagaon (Uttar Pradesh)
Ø
DSM
Sugar Asmoli Asmoli (Uttar Pradesh)
Ø
DSM
Vasulinga Sugar Mills Limited, Nepal
Ø
Govind
Sugar Mills Limited, Aira (Uttar Pradesh)
Ø
Ghaghara
Sugar Limited, Ajbapur (Uttar Pradesh)
Ø
Gangeshwar
Limited, Ramkola (Uttar Pradesh)
Ø
Khalilabad
Sugar Mills (Private) Limited, Khalilabad (Uttar Pradesh)
Ø
Kitply
Industries Limited, Rupapur (Uttar Pradesh)
Ø
L. H.
Sugar Factories Limited, Pilibhit (Uttar Pradesh)
Ø
Motilal
Padampat Udyog Limited, Majhaulia (Bihar)
Ø
Magna
Agro Industries Limited, Kamlapur (Uttar Pradesh)
Ø
New
India Sugar Mills Limited, Hasanpur (Bihar)
Ø
New
Swadeshi Sugar Mills, Narkatiaganj (Bihar)
Ø
Rosa
Sugar Works, Shahjahanpur (Uttar Pradesh)
Ø
Sumac
International Private Limited, Lucknow (Uttar Pradesh)
Ø
Swadeshi
Mining & Manufacturing Limited, Anandnagar (Uttar Pradesh)
Ø
Sasa
Musa Sugar Works Limited, Sasa Musa (Bihar)
Ø
Triveni
Engg. Works Limited, Allahabad (Uttar Pradesh)
Ø
The
United Provinces Sugar Company Limited, Seorahi (Uttar Pradesh)
Ø
Vishnu
Sugar Mills Limited, Gopalganj (Bihar)
TEXTILE
Ø
Raymond
Synthetics Limited, Allahabad (Uttar Pradesh)
Ø
Threads
India Limited, Kanpur (Uttar Pradesh)
Ø
Parasrampuria
International, Indore (Madhya Pradesh)
Ø
SRF
Limited, Gwalior (Madhya Pradesh)
Ø
Parasrampuria
Industries Limited, Silvassa, Indore
Ø
Rajasthan
Polyesters Limited, Bhiwadi (Rajasthan)
Ø
Parasrampuria
Synthetics Limited, Bhiwadi (Rajasthan)
FLOUR/RICE/FOOD
Ø
Bambino
Food Industries Limited, Gurgaon (Haryana)
Ø
Ganges
Flour Mills, Kanpur (Uttar Pradesh)
Ø
The
Delhi Flour Mills Company Limited, Delhi
Ø
Durga
Agro Farms Limited, Gorakhpur (Uttar Pradesh)
Ø
Fie
Refineries & Chemicals Limited, Gorakhpur (Uttar Pradesh)
Ø
Frigorifico
Allana Limited, Aurangabad
Ø
Indagro
Foods Limited, Unnao (Uttar Pradesh)
Ø
Jaya
Food Industries Limited, Hyderabad (Andhra Pradesh)
Ø
Kanodia
Flour Mills, Varanasi (Uttar Pradesh)
Ø
Kajriwal
Flour Mills, Gorakhpur (Uttar Pradesh)
Ø
MC.
Roller Flour Mills (Private) Limited, Shahjahanpur (Uttar Pradesh)
Ø
New
Cawnpore Flour Mills, Kanpur (Uttar Pradesh)
Ø
Pepsico
India Holdings Limited, Jainpur (Uttar Pradesh)
Ø
R.M.
Roller Flour Mills (Private) Limited, Kanpur (Uttar Pradesh)
Ø
Sethi
Flour Mills (Private) Limited, Gorakhpur (Uttar Pradesh)
Ø
Sita
Shree Food Products Limited, Indore (Madhya Pradesh)
Ø
Tirupati
Roller Flour Mills (Private) Limited, Kanpur (Uttar Pradesh)
Ø
Axiom
International Projects Limited, Kazakistan
Ø
G.G.
Dandekar Machine Works Limited, Kenya
Ø
Narayani
Maida Mills Limited, Nepal
CONSULTANTS
Ø
Davy
Powergas India Limited, Pune (Maharastra)
Ø
Entech
Consultancy Bureau (Madras) Private Limited, Chennai
Ø
International
Development and Engineering Associates Limited, Chennai
Ø
K. S.
Projects & Process Engineers Private Limited, Lucknow (Uttar Pradesh)
Ø
M.L.
Bhattacharya, Kolkata
Ø
Mahalingam
Associates, Secunderabad
Ø
Tata
Consulting Engineers, Mumbai
Ø
Toyo
Engineering India Limited, Mumbai
EXPORT JOBS
Ø
G.G.
Dandekar Machine Works Limited, Kenya
Ø
DSM
Vasulinga Sugar Mills Limited, Nepal
Ø
Axiom
International Projects Limited, Kazakistan
Ø
Narayani
Maida Mills Limited, Nepal
OTHERS
Ø
Philips
India Limited, Mumbai (Maharastra)
Ø
National
Building Construction Corporation Limited, Kanpur (Uttar Pradesh)
Ø
The
Zandu Pharmaceutical Works Limited, Unnao (Uttar Pradesh)
Ø
Pepsico
India Holdings Private Limited, Kanpur (Uttar Pradesh)
Ø
ITC
Limited, Saharanpur (Uttar Pradesh)
Ø
G.G.
Dandekar Machine Works Limited, Bhiwandi (Maharastra)
Ø
Eclat
Industries Limited, Patna (Bihar)
Ø
Essel
Mining & Industries Limited, Jagdishpur (Uttar Pradesh)
Ø
EMA
India Limited, Kanpur (Uttar Pradesh)
Ø
Kothari
Products Limited, Kanpur (Uttar Pradesh)
Ø
Kothari
Beverages, Kanpur (Uttar Pradesh)
Ø
Ordnance
Equipment Factory, Kanpur (Uttar Pradesh)
Ø
Ordnance
Factory, Kanpur (Uttar Pradesh)
Ø
Triveni
Sheet Glass Works Limited, Allahabad (Uttar Pradesh)
Ø
UT
Limited, Shahibabad (Uttar Pradesh)
Ø
U. P.
State Spinning Company Limited, Kanpur (Uttar Pradesh)
FUTURE PLANS
The Company has acquired a 5060 sq. meter plot in Tronica City - an industrial
area close to New Delhi. It is intended to set up a project for manufacturing
of some electrical products for industrial/domestic applications preferably
under some foreign collaboration. Efforts are on to identify a product and
locate a suitable collaborator.
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.44.24 |
|
UK Pound |
1 |
Rs.86.95 |
|
Euro |
1 |
Rs.57.33 |
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 |
YES |
|
--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 |