MIRA
INFORM REPORT
|
Report Date : |
07.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
DIPTY LAL JUDGE MAL PRIVATE LIMITED |
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Registered Office : |
2662, 1st Floor, |
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Country : |
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Financials (as on) : |
31.03.2004 |
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Date of Incorporation : |
11.12.1984 |
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Com. Reg. No.: |
55-19552 |
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CIN No.: [Company
Identification No.] |
U74899DL1984PTC019552 |
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IEC No.: |
059107121 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELD00908F |
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PAN No.: [Permanent
Account No.] |
AAACD0214A |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturers and
Traders of Plastic Goods, Rubber Goods, PVC Goods, Wires, Pipes and
Automobile Parts & Toys, 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 104000 |
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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 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 : |
2662, 1st Floor, |
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Tel. No.: |
91-11-23556868 |
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E-Mail : |
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Website : |
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Head Office/ Corporate Office/ Factory : |
D-55, Phase-II, Extension, Noida-201305, |
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Tel. No.: |
91-120-23042004 (8 lines) |
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Mobile No.: |
91-9899455367/ 9310455378/ 9310455338 |
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Fax No.: |
91-120-23042010 |
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E-Mail : |
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Area : |
60,000 sq. ft. |
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Location : |
Owned |
DIRECTORS
|
Name |
Mr. Dipty Lal |
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Designation |
Director |
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Address |
H-142, Ashok Vihar, Phase I, |
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Name |
Mr. Vinod Kumar
Jain |
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Designation |
Whole Time Director |
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Address |
H-142, Ashok Vihar, Phase I, |
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Date of Birth |
02.01.1949 |
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Date of Appointment |
01.06.1992 |
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Name |
Mr. Jatinder
Kumar Jain |
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Designation |
Whole Time Director |
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Address |
H-142, Ashok Vihar, Phase I, |
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Date of Birth |
23.11.1943 |
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Date of Appointment |
30.09.2000 |
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Name |
Mr. Jodge Mal
Jain |
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Designation |
Whole Time Director |
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Address |
128, Veer Nagar, New |
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Date of Birth |
11.09.1923 |
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Date of Appointment |
11.12.1984 |
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Date of Ceasing |
14.12.2005 |
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Name |
Mr. Shri Pal Jain
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Designation |
Director |
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Address |
128, Veer Nagar, New |
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Date of Birth |
02.11.1947 |
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Date of Appointment |
01.06.1992 |
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Name |
Mr. Dev Bhusan
Jain |
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Designation |
Whole Time Director |
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Address |
128, Veer Nagar, New Delhi-110007, |
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Date of Birth |
12.12.1956 |
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Qualification |
Graduate |
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Date of Appointment |
01.04.2000 |
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Name |
Mr. Guarav Jain |
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Designation |
Director |
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SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Judge Mal Jain |
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4798 |
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Mr. Dev Bhushan Jain |
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8940 |
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Mr. Jenender Jain |
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15359 |
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Ms. Seema Jain |
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9540 |
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Mr. Prakash Jain |
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4500 |
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Mr. Jatinder
Kumar Jain |
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7125 |
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Mr. Shri Pal Jain
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15078 |
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Judge Mal Jain
& Sons - HUF |
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1980 |
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Vinod Kumar Jain
& Sons - HUF |
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1980 |
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Jenender Jain
& Sons - HUF |
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450 |
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Ms. Sheelawanti
Jain |
|
2619 |
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Ms. Amita Jain |
|
16749 |
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Mr. Vinod Kumar
Jain |
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12839 |
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Ms. Neelam Jain |
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1980 |
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Mr. Santosh Jain |
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5580 |
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Mr. Sonia Jain |
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18 |
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Mr. Gaurav Jain |
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8601 |
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Mr. Yogesh Jain |
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11634 |
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Ms. Usha Jain |
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3600 |
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Mr. Ritesh Jain |
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6390 |
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Mr. Nitesh Jain |
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3511 |
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Mr. Anurag Jain |
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3420 |
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Mr. Parag Jain |
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3510 |
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Shri Pal Jain
& Sons – HUF |
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270 |
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Jatinder Kumar
Jain & Sons – HUF |
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450 |
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Dev Bhushan
Jain & Sons – HUF |
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1260 |
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Names of Shareholders |
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Percentage of
Holding |
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Bodies Corporate (not mentioned above) |
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3.65 |
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Directors or Relatives of Directors
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96.34 |
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Other Top Fifty (50) Shareholders (other than listed above) |
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0.01 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and
Traders of Plastic Goods, Rubber Goods, PVC Goods, Wires, Pipes and
Automobile Parts & Toys, etc. |
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Products : |
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Exports : |
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Products : |
Plastic Goods and
Toys |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
On L/C or Credit
(60 days) terms. |
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Purchasing : |
On Cash or Credit
terms. |
PRODUCTION STATUS
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Particulars |
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Unit |
Actual
Production |
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Plastic Moulded Products - |
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Nos |
9251944 |
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Kgs |
1457912 |
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Moulds - |
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Nos |
12 |
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Kgs |
-- |
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Element and Other Goods - |
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Nos |
23719 |
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Kgs |
-- |
GENERAL INFORMATION
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Suppliers : |
ˇ
Aalekh Polymers (Private) Limited, ˇ
Archana Properties and Building Material ˇ
Bayer ABS Limited ˇ
D R Polymers Private Limited, Noida ˇ
Astron Polymers Private Limited ˇ
Indica Chemical Industries Private Limited ˇ
Kalka Petrochemicals ˇ
LG Polymers India Private Limited ˇ
Netplast Limited ˇ
Metallic Impression India Private Limited ˇ
Nilkamal Crates and Bins ˇ
R M Engineers ˇ
Rohit Enterprises ˇ
Sperry Plast Limited ˇ
Rubber Udyog Vikas Private Limited ˇ
Supreme Petrochem Limited ˇ
Yamaha Motor India Private Limited – Purchase
Account ˇ
Darsh Plastic Private Limited ˇ
Jawa Plastic Private Limited ˇ
New Sales Corporation ˇ
Poly Blends ( ˇ
Roop Polymers Limited ˇ
Universal Brass Components ˇ
VDS Plastic Private Limited ˇ
Vishwakarma Dies and Tools ˇ
Rubber Spares Industries ( |
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Customers : |
ˇ
Arrow Plast Privte Limited ˇ
AVI Light Automative Limited ˇ
ˇ
Bigesto Foods Private Limited ˇ
Daewoo Motors India Limited ˇ
ˇ
Dynamic Industries – G Noida ˇ
Kabkan Electronics Private Limited ˇ
LG Electronics Limited ˇ
LML Limited ˇ
Nainko Exim Private Limited ˇ
Paradise Plastics Enterpries Limited ˇ
PTC Technoplast Private Limited ˇ
Semiconductor Complex Limited ˇ
Subros Limited ˇ
Super Aays Limited ˇ
Avon Meters Private Limited |
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No. of Employees : |
About 120 |
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Bankers : |
ˇ
Bank
of Sadar Bazar, |
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Facilities : |
Secured Loans (Rs.
in millions)
The loan is also personally guaranteed by all the directors Unsecured
Loans (Rs.
in millions)
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Dalip Sachdeva
& Associates Chartered
Accountants |
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Address : |
4507 |
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Tel. No.: |
91-11-27210348/
27218561/ 27253571 |
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Associates : |
ˇ
Jaypee Technoplast Private Limited ˇ
Jaypee Autoplast ˇ
Jayson Industries ˇ
Jaypee Seiki Knitwears Private Limited ˇ
Jaypee Spintex Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
200000 |
Equity Shares |
Rs. 100/-
each |
Rs. 20.000 millions |
As on 31.03.2004
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
154107 |
Equity Shares |
Rs. 100/- each |
Rs. 15.410 millions |
As on 31.03.2006
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
164312 |
Equity Shares |
Rs. 100/- each |
Rs. 16.431 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2004 |
31.03.2003 |
31.03.2002 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
15.410 |
15.410 |
13.310 |
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2] Reserves & Surplus |
10.564 |
6.234 |
6.234 |
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3] (Accumulated Losses) |
0.000 |
(3.712) |
(6.871) |
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NETWORTH |
25.974 |
17.932 |
12.673 |
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LOAN FUNDS |
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1] Secured Loans |
29.785 |
25.717 |
37.007 |
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2] Unsecured Loans |
18.821 |
19.510 |
14.561 |
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TOTAL BORROWING |
48.606 |
45.227 |
51.568 |
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TOTAL |
74.580 |
63.159 |
64.241 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
56.608 |
50.016 |
41.398 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.100 |
0.100 |
0.100 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
15.992
|
12.605 |
18.244 |
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Sundry Debtors |
35.178
|
28.258 |
20.189 |
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Cash & Bank Balances |
4.949
|
2.175 |
6.074 |
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Other Current Assets |
1.113
|
1.696 |
0.000 |
|
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Loans & Advances |
3.904
|
2.900 |
8.005 |
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Total
Current Assets |
61.136
|
47.634 |
52.512 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
42.843
|
34.652 |
30.183 |
|
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Provisions |
0.669
|
0.270 |
0.000 |
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Total
Current Liabilities |
43.512
|
34.922 |
30.183 |
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Net Current Assets |
17.624
|
12.712 |
22.329 |
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MISCELLANEOUS EXPENSES |
0.248 |
0.331 |
0.414 |
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TOTAL |
74.580 |
63.159 |
64.241 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2004 |
31.03.2003 |
31.03.2002 |
|
|
Sales Turnover |
217.947 |
202.447 |
125.836 |
|
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Other Income |
1.715 |
2.118 |
0.000 |
|
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Total Income |
219.662 |
204.565 |
125.836 |
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Profit/(Loss) Before Tax |
8.712 |
3.429 |
7.130 |
|
|
Provision for Taxation |
0.669 |
0.270 |
6.489 |
|
|
Profit/(Loss) After Tax |
8.043 |
3.159 |
0.641 |
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Expenditures : |
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|
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Manufacturing Expenses |
171.668 |
165.918 |
97.884 |
|
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Administrative Expenses |
8.803 |
8.144 |
5.326 |
|
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Raw Material Consumed |
0.000 |
0.000 |
97.884 |
|
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Salaries, Wages, Bonus, etc. |
11.411 |
10.361 |
8.562 |
|
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Interest |
6.155 |
5.614 |
6.935 |
|
Total Expenditure |
198.037 |
190.037 |
216.591 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2004 |
31.03.2003 |
31.03.2002 |
|
PAT / Total Income |
(%) |
3.66
|
1.54 |
0.51 |
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Net Profit Margin (PBT/Sales) |
(%) |
3.97
|
1.67 |
5.67 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
7.39
|
3.51 |
7.58 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.19 |
0.56 |
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Debt Equity Ratio (Total Liability/Networth) |
|
4.54
|
5.46 |
7.45 |
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Current Ratio (Current Asset/Current Liability) |
|
1.40
|
1.36 |
1.74 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8
|
Name of the company |
DIPTY LAL JUDGE
MAL PRIVATE LIMITED |
|
Presented
By |
Bank
of |
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1) Date and description of instrument creating the change |
Agreement of hypothecation of machinery dated 30.09.2000 and letter of installment with Accelaration Clause dated 30.09.2000 regd. on 30.10.2000 modified on 30.09.2000 and finally on 17.06.2003 for reducing the charge as prime security of all machineries of the company acquired under term loan of Rs. 6.230 millions and charge as collateral security of all other machineries, stock of all goods, book debts, equitable mortgage of company’s land and building situated at 55, 56, 57, 65, 67 and 68, Block D, Phase II, Extension Noida from Rs. 6.230 millions to Rs. 3.248 millions being the present liability under term loan of Rs, 6.230 millions last modification regd. on 17.07.2003 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 6.230 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 all machineries acquired under the term loan and all other machineries of the company including all stock and spare parts both present and future. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The above is to be secure term loan of Rs. 6.230 millions granted to the company. Interest is to be charged @ 30 % p.a. over FLR of the Bank at quarterly rate or at such rate(s) as may be specified by the bank from time to time with an overdue interest of 20% p.a. over and above the interest rate charged in the account on in case of default. Repayable in five years i.e. 59 installments of Rs. 0.104 millions per month. Last of Rs. 0.094 millions |
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5) Name and Address and description of the person entitled to the
charge. |
Bank of Sadar Bazar, |
|
6) Date and brief description
of instrument modifying the charge |
Agreement of hypothecation of machinery dated 13.1.2005 for Rs. 1.144 millions letter of installment with acceleration clause dated 13.01.2000, instrument of hypothecation of goods dated 13.01.2005, agreement of hypothecation of book debts dated 13.01.2005 and memorandum of deposit of title deeds dated 13.01.2005. |
|
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.
|
The charge as prime security of all machineries of the company acquired under term loan of Rs. 6.230 millions and charge as collateral security of all other machineries, stock of all goods, book debts, equitable mortgage of company land and building situated at 55,56,66,67 and 63, Block D, Phase II, Extn. Noida stands reduced from Rs. 3.248 million to Rs. 1.144 millions being the present liability under term loan of Rs. 6.230 millions The balance amount of 1.144 millions is repayable monthly installments of Rs. 0.104 millions each commencing from January 2005 with interest @ 2.25% p.a. over FLR of the Bank with a minimum of 12.75% p.a. compounded monthly. Other terms and conditions remained the same. |
|
Corporation identity number (CIN) or foreign company registrations number of the company |
U74899DL1984PTC019552 |
|
Name of the company |
DIPTY LAL JUDGE MAL PRIVATE LIMITED |
|
Address |
2662, 1st Floor, |
|
This Form is for |
Modification of charge |
|
Type of Charges |
Book Debts, Movable Property (not being pledge), Floating charge |
|
Particular of the charge holder |
Bank of Sadar Bazar, |
|
Nature or description of the instrument creating charge |
Supplemental composite agreement of hypothecation of goods, book debts, movable machinery and vehicles |
|
Date of the instrument creating charge |
07/12/2006 |
|
Amount Secure by the charge |
Rs. 11.376 millions |
|
Brief of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: @ 0.25% over BPLR of the Bank with a minimum of 11.75% p.a. compounded monthly with an additional interest of 2% p.a. over and above the interest rate charged in the account, in case of default. Terms of repayment: repayable in monthly installments of Rs. 0.209 millions each commencing from December, 2006. Margin: not applicable Extent and operation of the charge: 100% Others: to secure present liability of Rs. 11.376 millions under Term Loan of Rs. 12.550 millions granted on 07.11.2005 together with all interest, costs, charges, expenses etc. |
|
Short particulars of the property charged (including location of the property) |
All machineries acquired under the Term Loan granted by the Bank as prime security and all other machineries stock of all goods and book debts of the company – both present and future as collateral security. |
Subject is engaged
in the business as manufacturers and traders of Plastic Goods, Rubber Goods,
PVC Goods, Wires, Pipes and Automobile Parts Toys, etc.
Subject is manufacturer
of Plastic Injection/Blow moulds parts for Industrial, Automotive and House
Hold use.
It is in trade
terms with :-
- Aditya Auto Products & Engineering
Private Limited
- Dawoo Motors India Limited
- Onida Savak Limited
- Yamaha Motors Escorts Limited
The Company’s Fixed Assets of important value
includes:
ˇ
ˇ
ˇ
Building – Other
ˇ
Plant and Machinery
ˇ
Gen Set
ˇ
Moulds
ˇ
Electricals –
Industrial
ˇ
Tools and Equipments
ˇ
Furniture and Fixtures
ˇ
Office Equipments
ˇ
Electricals – Civil
ˇ
Vehicle – Car, Scooter,
Matadors
ˇ
Computers
ˇ
Fire Fighting Equipment
ˇ
Software
ˇ
Flat – G Noida
As Per Web
Profile
Incorporated in 1990, subject are pleased to
introduce ourselves as one of the leading manufacturer of Plastic components for the automotive industry, white
goods, thermoware, household and general plastics. Ever since their
inception, they have always endeavored to stay as a market leader in our area
of operations. And in this regard they have invested substantial resources into
Research and Development, Product Design and Testing, Training and Technology
update programs. Today, they can proudly say that they are now in a position to
manage with great flexibility, the production process for varying quantities of
products while guaranteeing high quality.
Products
ˇ
Ref parts
ˇ
ABS chrome plated parts
ˇ
Front Fenders
ˇ
CTV parts
ˇ
Air filters
ˇ
Rear fenders
ˇ
Side covers
ˇ
W/M parts
ˇ
Handles
ˇ
Garnishes outside and
inside
ˇ
Body cowlings
ˇ
Flaps
ˇ
Thermoware items
ˇ
House hold item
ˇ
Handle bars
ˇ
Ducts
ˇ
Grills
Infrastructure
Subject have a sound infrastructural setup.
Their production unit is well equipped with all the latest machineries. Their
Injection Molding machines - JSW (
Their technical design department is fully
backed up by the availability of the latest softwares like Visi cad / cam of
Quality Policy
At Dipty Lal Judge Mal, quality is inherent
in every aspect of our work ethics. Being a QS 9000 certified company, they are
fully aware of the various requirements that are needed to fulfill the needs of
a modern day customer. The company applies the process of SIX SIGMA, to
actually eliminate the problem from its root, through effective DMAIC – Define,
Measu Re, Analysis, Improve and Control. They believes in Kaizen culture and
have embedded the system of Kaizen in every employee.
Vision
Their relentless endeavor to stay abreast of
world standards in Plastics, enables us to pioneer in developing, manufacturing
& testing of moulds, plastic components and assemblies of intricate shape
& designs to suit the industrial needs.
Clients
Their policy is "Customer
satisfaction", this is reflected at every stage, starting from the concept
to conclusion. It is one more reason why the leading Indian and multinational
companies at home have turned repeatedly to us for total molding solution. The
list of main companies associated with us are:
ˇ
Yamaha
ˇ
LG
ˇ
Subros
ˇ
Maruti Suzuki
ˇ
Samsung Electronics etc.
Company
Contact
Dipty Lal Judge Mal Private Limited
D-55-56, Phase II, Extension Hosiery Complex, Noida - 201305,
Phone: 91-120-3042003-12
Fax: 91-120-3042010
Key Personnel
Mr. Gaurav
Jain (VP Marketing)
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.40.91 |
|
|
1 |
Rs.80.46 |
|
Euro |
1 |
Rs.54.60 |
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 |
6 |
|
--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 |
|
48 |
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 |
|