MIRA
INFORM REPORT
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Report Date : |
31.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
RIA
COMPUTERS PRIVATE LIMITED |
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Formerly Known As : |
RIA
COMPUTERS |
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Registered Office : |
M/10-12, Shiv Smruti
Complex, 1st Floor, Near Turning Point, Ghod-dod Road, Surat,
Gujarat |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
10.03.2004 |
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Com. Reg. No.: |
04-43759 |
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CIN No.: [Company
Identification No.] |
U72200GJ2004PTC043759 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
SRTR02166D |
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PAN No.: [Permanent
Account No.] |
AACCR7643B |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Acts as Sub-distributors, Dealers and
Traders of Computer Hardware, Peripherals and Consumables etc. |
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
10000 |
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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
has taken over the running business of the erstwhile Sole Proprietory concern
Ria Computers. Subject
is a well established and reputed company having satisfactory track. Directors are reported as experienced and
respectable businessman. Trade
relations are reported as fair.
Business is active. Payments
are 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 : |
M/10-12, Shiv Smruti
Complex, 1st Floor, Near Turning Point, Ghod-dod Road, Surat –
395007, Gujarat, India |
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Tel. No.: |
91-261-23235972/23236791 / 2235882 |
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Fax No.: |
91-261-23235882 |
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E-Mail : |
kagrawal2006@gmail.com |
DIRECTORS
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Name : |
Mr.
Kamal R. Agrawal |
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Designation : |
Director
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Address : |
602,
Sangeet Sarita Apartment, Amidhara Wadi Road, Adajan, Surat – 395009 |
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Date of Birth/Age : |
18.01.1970 |
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Name : |
Mr.
Sima Kamal Agrawal |
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Designation : |
Director
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Address : |
602,
Sangeet Sarita Apartment, Amidhara Wadi Road, Adajan, Surat – 395009 |
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Date of Birth/Age : |
09.11.1975 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr.
Kamal R. Agrawal |
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5000 |
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Ms.
Sima Kamal Agrawal |
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5000 |
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TOTAL |
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10000 |
BUSINESS DETAILS
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Line of Business : |
Acts as Sub-distributors, Dealers and Traders
of Computer Hardware, Peripherals and Consumables etc. |
GENERAL
INFORMATION
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Suppliers : |
Intel Samsung Seagate LG Microtech Wintron Lomange Asus-(Taiwan Origin) Logitech |
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No. of Employees : |
14 |
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Bankers : |
The Prime Co-operative Bank Limited Bhalka Bhawan Branch, Surat, Gujarat Bank of India Ghod Dod Road Branch, Surat – 395001 |
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Banking Relations : |
Satisfactory
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Auditors : |
Agrawal
& Singhania Chartered
Accountants, B – 1234,
Kohinoor Market, Ring Road, Surat – 395002, Gujarat PAN
NO. : AAJFA7558C |
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Associates : |
Excellent Computers 112, Abhinandan Complex, AT & P. O. Magob, Opposite Puna Patila, Saroli, Surat, Gujarat Tel. No. – 91-261-28245159 The Computer House Barodali, District-Surat, Gujarat |
CAPITAL STRUCTURE
Authorised
Capital :
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No.
of Shares |
Type |
Value |
Amount |
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100000 |
Equity
Shares |
Rs. 10/- each |
Rs. 1.000 million |
Issued,
Subscribed & Paid-up Capital :
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No.
of Shares |
Type |
Value |
Amount |
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90600 |
Equity
Shares |
Rs. 10/- each |
Rs. 0.906 million |
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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0.906 |
0.100 |
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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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1.433 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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2.339 |
0.100 |
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LOAN FUNDS |
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1] Secured Loans |
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2.998 |
0.000 |
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2] Unsecured Loans |
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3.282 |
0.000 |
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TOTAL BORROWING |
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6.280 |
0.000 |
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DEFERRED TAX LIABILITIES |
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0.036 |
0.000 |
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TOTAL |
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8.655 |
0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.585 |
0.000 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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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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6.710 |
0.000 |
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Sundry Debtors |
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27.508 |
0.000 |
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Cash & Bank Balances |
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0.478 |
0.003 |
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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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0.111 |
0.085 |
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Total Current Assets |
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34.807 |
0.088 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
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26.669 |
0.002 |
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Provisions |
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0.114 |
0.000 |
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Total Current Liabilities |
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26.783 |
0.002 |
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Net Current Assets |
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8.024 |
0.086 |
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MISCELLANEOUS EXPENSES |
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0.046 |
0.014 |
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TOTAL |
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8.655 |
0.100 |
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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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Debt
Equity Ratio (Total
Liability/Networth) |
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14.13 |
0.020 |
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Current
Ratio (Current
Asset/Current Liability) |
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1.29 |
44.00 |
LOCAL AGENCY FURTHER
INFORMATION
Subject
was originally incorporated in the year 1998 as a Sole Proprietory Concern
under the name and style ‘Ria Computers’.
It was takenover by ‘Ria Computers Private Limited as on 10th
March, 2004 having Company Registration Number 43759.
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Name of the company |
RIA
COMPUTERS PRIVATE LIMITED |
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Presented By |
Mr. Kamal R. Agarwal – Director |
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1) Date and description of instrument creating the change |
Charge & Hypothecation of Book Debts Hypothecation of Tangible Moveable Property Both Dated 09.09.2005 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2.000 millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of book debts and tangible moveable property of the company |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest – 14% p.a. [BPLR + 3.25 with monthly rest Margin 40% on Book Debts |
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5) Name and Address and description of the person entitled to the charge. |
Bank of India Ghod Dod Road Branch, Surat – 395001 |
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6) Date and brief description of instrument modifying the charge |
Not Applicable |
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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. |
Not Applicable |
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
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.27 |
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UK
Pound |
1 |
Rs.86.71 |
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Euro |
1 |
Rs.57.13 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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 EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and principal
sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable
to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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