MIRA
INFORM REPORT
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Report Date : |
01.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
AROMA CHEMICAL AGENCIES [INDIA] PRIVATE LIMITED |
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Registered Office : |
12 Peninsula Centre, S. S. Rao Road, Parel, Mumbai – 400012,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
03.02.2003 |
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Com. Reg. No.: |
11-138969 |
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CIN No.: [Company
Identification No.] |
U24220MH2003PTC138969 |
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IEC No.: |
0302083294 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA18788A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Dealer, Distributor and Importer of Epoxy Resins, Acrylic Polymer Resins, Vinyl Resins, Paint and Plastic Additives, Waxes, Rheological Additives and other products for Paint, Painting Ink, Coating Industries 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 80000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track. Directors are reported as experienced, respectable and resourceful businessmen. Their trade relations are fair. Payments are correct and as per commitments. The company can be considered good for normal business dealing at usual trade terms and conditions. |
LOCATIONS
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Registered/ Head Office : |
12 Peninsula Centre, S. S. Rao Road, Parel, Mumbai – 400012,
Maharashtra |
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Tel. No.: |
91-22-66606061 |
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Fax No.: |
91-22-66607887 |
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E-Mail : |
aroma@vsnl.com |
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Website : |
http://www.aromaagencies.com |
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Area : |
3000 Sq. ft |
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Location : |
Owned |
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Branches : |
Y – 26, Okhala Industries, AL Estate, Phase II, New Delhi Area : 1000 sq. ft. Location : Rented C. S. Dag No. 64, 119/5 Moula Girati, Parganas Area : 3000 sq. ft. Location : Rented |
DIRECTORS
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Name : |
Mr. Kirit Ramanlal Shah |
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Designation : |
Managing Director |
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Address : |
97/2, Nand Ghanshyam, Sion (West), Mumbai – 400022 |
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Date of Birth/Age : |
15.11.1943 |
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Qualification : |
B. Sc |
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Experience : |
43 Years |
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Date of Appointment : |
03.02.2003 |
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Election Commission Identity Card No. : |
MT/06/.035/141263 |
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Name : |
Mr. Saurin Kirit Shah |
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Designation : |
Director |
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Address : |
97/2, Nand Ghanshyam, Sion (West), Mumbai – 400022 |
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Date of Birth/Age : |
15th March, 1972 |
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Qualification : |
B. Sc |
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Experience : |
15 Years |
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Date of Appointment : |
03.02.2003 |
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Election Commission Identity Card No. : |
MT/06/035/141252 |
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Name : |
Mr. Anantrai Keshavji Kamdar |
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Designation : |
Director |
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Address : |
110/2, Shakuntal, Sion (West), Mumbai - 400022 |
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Date of Birth/Age : |
10.11.1943 |
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Qualification : |
B. Sc |
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Experience : |
42 Years |
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Date of Appointment : |
03.02.2003 |
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Election Commission Identity Card No. : |
GJ/22/148/543799 |
KEY EXECUTIVES
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Name : |
Mr. Haresh Mehta |
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Designation : |
General Manager – Admin |
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Name : |
Mr. S. P. Neelkanth |
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Designation : |
Import Manager |
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Name : |
Mr. Bijal Shah |
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Designation : |
Marketing Manager |
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Name : |
Mr. Kirit Patel |
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Designation : |
Branch Manager – Baroda |
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Name : |
Mr. Bhavin Kapasi |
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Designation : |
Regional Manager – New Delhi |
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Name : |
Mr. Atanu Roy |
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Designation : |
Regional Manager – Kolkata |
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Name : |
Mr. Ashish Shah |
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Designation : |
Marketing Manager – Technical |
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Name : |
Mr. Rajeev Nadkarni |
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Designation : |
Marketing Manager – Technical |
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Name : |
Mr. Jignesh Mehta |
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Designation : |
Marketing Manager – Technical |
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Name : |
Mr. Paresh Bhatkar |
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Designation : |
Marketing Manager – Technical |
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Name : |
Mr. P. P. Parekh |
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Designation : |
Admin Manager |
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Name : |
Mr. Rakesh Bajaria |
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Designation : |
Exice –in-charge |
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Name : |
Mr. Vinod Shah |
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Designation : |
Manager Finance |
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Name : |
Mr. Nirav Shah |
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Designation : |
Finance Executive |
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Name : |
Mr. Bhavik Doshi |
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Designation : |
Logistics |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Kirit Ramanlal Shah |
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107300 |
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Mr. Saurin Kirit Shah |
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70200 |
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Mr. Anantrai Keshavji Kamdar |
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5100 |
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Ms. Indira Kirit Shah |
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10000 |
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Kirit Ramanlal Shah [HUF] |
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1000 |
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Ms. Sheetal Saurin Shah |
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5000 |
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Saurin Kirit Shah [HUF] |
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1000 |
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Mr. Narendra S. Mehta |
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10 |
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Ms. Tejal Milan Kamdar |
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10 |
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Suresh Hemchand Doshi [HUF] |
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10 |
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Mr. Shailesh K. Kamdar |
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10 |
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Nandlal Savailal Pandya [HUF] |
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10 |
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Ms. Asha Vinod Pandya |
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10 |
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Ms. Nirmala Nandlal Pandya |
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10 |
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Mr. Navinchandra C. Shah |
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10 |
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Mr. Rakesh Navinchandra Shah |
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10 |
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Ms. Rasila Navinchandra Shah |
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10 |
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Mr. Biren Paravinchandra Shah |
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10 |
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Mr. Nirav Indersen Shah |
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10 |
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Mr. Indersen Nanchand Shah |
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10 |
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Mr. Nirmal B. Doshi |
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10 |
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Mr. Rajesh B. Doshi |
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10 |
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Mr. Deepak B. Doshi |
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10 |
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Mr. Chhotalal Nachand Shah |
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10 |
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Ms. Vandana Jayant Mehta |
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10 |
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Mr. Rinesh Jayantilal Shah |
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10 |
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Ms. Jyotsna Navinbhai Shah |
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10 |
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Manish Navinbhai Shah [HUF] |
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10 |
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Mr. Kumud Indersen Shah |
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10 |
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Ms. Harshada Rajinibhai Shah |
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10 |
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Mr. Ritesh Vinod Pandya |
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10 |
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Mr. Viral Vinod Pandya |
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10 |
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Vinod Nandlal Pandya [HUF] |
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10 |
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Mr. Sunil Pravinchandra Shah |
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10 |
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Puspa Family Trust |
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10 |
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Ms. Meena J. Shah |
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10 |
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Ms. Susnisha Siddharth Fozdar |
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10 |
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Mr. Siddharth Nanubhai Fozdar |
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10 |
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Mr. Gaurav Siddharth Fozdar |
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10 |
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Ms. Ami Gaurav Fozdar |
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10 |
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Ms. Sujata R. Khanderia |
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10 |
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Mr. Shailesh K. Kamdar |
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10 |
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Ms. Manisha Shailesh Kamdar |
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10 |
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Ms. Sweta J. Shah |
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10 |
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A K Kamdar [HUF] |
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10 |
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Mr. Atman G. Fozdar |
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10 |
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Ms. Pooja J. Oswal |
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10 |
BUSINESS DETAILS
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Line of Business : |
Dealer, Distributor and Importer of Epoxy Resins, Acrylic Polymer Resins, Vinyl Resins, Paint and Plastic Additives, Waxes, Rheological Additives and other products for Paint, Painting Ink, Coating Industries etc. |
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Products : |
Aerosil – 200/R972/Aluminium Oxide, DEGUSSA Acrylic Resins – (Joncryl Resins), Usa Diethylenetetramine/ Triethylenetetramine, Ethylene Diamine, Tetraethylene Pentamine, Netheland BYK Paint & Plastic Additives, Germany Wax Additives, Benzoic Acid Technical Carbonblack Beads Carbon Black FW 200 Powder Lamp Black 101 Powder Cyclohexanone Cyclohexane Epoxy Resins – YD – 128, YD – 011X75/019/901/903/903F/904/522 Reactive Diluents, RD – 104/105/108 Ethyl Cellosolve Paraformaldehyde Isophthalic Acid Matting Agents – OK – 412/TS – 100 Isophthalic Acid North American Asphaltum – Zeco – 147 Polyester Resins – HC – 5801/7803, Korea Rheological Additives Tertiary Butanol Vinyl Resins VAGH, VMCH, VYHH Vestanat IPDI Vestamin IPD/TMD Vestagon B/68/B-55/B-31 Synthetic Resins SK Silanes – Dynasylan VTMO, Germany Vtmoco/ Memo/ Glymo, GERMAY Hydrocarbon Resin, B – 120/100/140, Brazil |
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Agencies Held : |
Johnson Polymer Limited – USA (Water Based Acrylic Resin). Thai Epoxy and Allied Products Co Limited. (Eposy resins) Degussa AG.(Coating Raw Materials/ Ahesion Promoters). BYK Chemie GMBH( paint/ Printing/ Coating/ Plastic Additives). BYK CERA (Wax Additives) Schlenk Metallpulver GMBH Company KG- (Aluminium/ Bronze/ Copper Powders and Paints). SUD Cheme AG. (Rheological Additives). BASF India Limited (Solvent Soluble Dyes). DIAM Organic Chemicals Industries Private Limited (celluosolves). Gujarat State fertilizers and Chemicals Limited ( Clyclohexanone/ Clyclohexane Thai Organic Chemical Company Limited (Epoxy Division Thailand) (Epoxy Resins) DSM Special Products – Holland ( Benzoic Acid) DOW Chemicals Company - USA (Vinyl Resins) Nuplex Resines BV. Netherlands (Amino Resins and Acylic Polyols) G.S.F.C. Limited – Vadodara ( Cyclohexanone/ Cyclohexane) |
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Imports : |
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Countries : |
USA 15%, Thailand 25%, S.Korea 5%, Germany 30%, Europe 10%. |
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Terms : |
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Selling : |
Credit (60 – 90 Days) |
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Purchasing : |
Credit (30 – 60 Days) in Local Credit (90 Days) in Overseas |
GENERAL
INFORMATION
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Customers : |
Manufacturers and Trading Firms |
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No. of Employees : |
33 |
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Bankers : |
Union Bank of India, Khand Bazar Branch, Mumbai – 400003. Citibank, Fort House, Fort, Mumbai – 400001 Citibank N.A., Citi Business Citi Group Centre, 2nd Floor, Bandra Kurla Complex, Bandra [East], Mumbai – 400051, Maharashtra, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Kirit Doshi & Company Charted Accountants |
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Address : |
Nalini Building, 10 Bhavani Shankar Road, Dadar, Mumbai –
400025 |
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Name : |
Akshay Doshi & Company Chartered Accountants, |
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Address : |
13-14, Ram Sharan, Plot No. 45, Sion [West], Mumbai – 400022,
Maharashtra, India |
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PAN No. : |
AFPPD0854F |
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Associates : |
AL Chemie Agencies Private Limited 12, Peninsula Center, S. S. Road, Parel, Mumbai – 400012, Maharashtra, India - Indenting |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs 10/- each |
Rs. 2.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs 10/- each |
Rs. 2.000 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.000 |
2.000 |
2.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
18.417 |
10.101 |
2.282 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
20.417 |
12.101 |
4.282 |
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LOAN FUNDS |
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1] Secured Loans |
23.932 |
19.434 |
8.743 |
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2] Unsecured Loans |
103.938 |
90.025 |
72.087 |
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TOTAL BORROWING |
127.870 |
109.459 |
80.830 |
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DEFERRED TAX LIABILITIES |
0.421 |
0.518 |
0.385 |
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TOTAL |
148.708 |
122.078 |
85.497 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
15.864 |
16.728 |
17.895 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.100 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
59.135
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59.242 |
26.790 |
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Sundry Debtors |
86.332
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80.155 |
50.681 |
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Cash & Bank Balances |
11.605
|
0.135 |
5.620 |
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Other Current Assets |
4.000
|
2.023 |
2.985 |
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Loans & Advances |
12.226
|
6.641 |
1.967 |
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Total
Current Assets |
173.298
|
148.196 |
88.043 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
30.133
|
36.444 |
18.242 |
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Provisions |
10.435
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6.431 |
2.242 |
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Total
Current Liabilities |
40.568
|
42.875 |
20.484 |
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Net Current Assets |
132.730
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105.321 |
67.559 |
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MISCELLANEOUS EXPENSES |
0.014 |
0.029 |
0.043 |
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TOTAL |
148.708 |
122.078 |
85.497 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
|
31.03.2005 |
31.03.2004 |
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Sales Turnover |
|
424.428 |
233.438 |
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Other Income |
|
0.000 |
0.000 |
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Total Income |
|
424.428 |
233.438 |
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Profit/(Loss) Before Tax |
|
12.704 |
3.607 |
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Provision for Taxation |
|
4.885 |
1.303 |
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Profit/(Loss) After Tax |
|
7.819 |
2.304 |
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Total Imports |
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331.805 |
230.452 |
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Total Expenditure |
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444.177 |
256.620 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
N.A.
|
1.84 |
0.98 |
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Net Profit Margin (PBT/Sales) |
(%) |
N.A.
|
2.99 |
1.54 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
N.A.
|
7.70 |
3.40 |
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Return on Investment (ROI) (PBT/Networth) |
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N.A.
|
1.04 |
0.84 |
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Debt Equity Ratio (Total Liability/Networth) |
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8.24
|
12.58 |
23.66 |
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Current Ratio (Current Asset/Current Liability) |
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4.27
|
3.45 |
4.29 |
LOCAL AGENCY
FURTHER INFORMATION
Sources of Raw Materials/ Merchandise:
Local – 15%, International – 85%, Raw Materials/ Merchandise are Sourced with in India 15%, and Imported From USA 15%, Thailand 25%, S.Korea 5%, Germany 30%, Europe 10%.
Trade References:
v Aditya Birla Chemicals Limited, Thailand
v Mr. H K Agarwal
v Johnson Polymer Limited, USA
v Mr. Alan Hanshow
v DSM Special Products, Netherlands
v Alkenz Company Limited, Korea
v DOW Chemical – Germany
v GSFC – Baroda
v Thai Epoxy – Thailand
v Lonza – Singapore
v Thai Epoxy – Thailand
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Products |
Packing |
Make |
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Aerosil – 200/R972/Aluminium Oxide |
10 KGS |
Degussa |
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Acrylic Resins – (Joncryl Resins |
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Diethylenetetramine/Triethylenetetramine, Ethylene Diamine, Tetraethylene Pentamine, Netheland |
195 KGS, 200 KGS |
Johnson Polymer Limited, USA |
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BYK Paint & Plastic Additives Wax Additives |
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Benzoic Acid Technical |
25 KGS |
Germany, Netherlands |
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Carbonblack Beads Carbon Black FW 200 Powder Lamp Black 101 Powder |
20 KGS, 10 KGS, 25 KGS |
Degussa, Germany |
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Cyclohexanone |
Tanker Load |
G.SF.C. Baroda |
|
Cyclohexane |
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|
Epoxy Resins – YD – 128, YD – 011X75/019/901/903/903F/904/522 Reactive Diluents, RD – 104/105/108 |
235 KGS, 220 KGS, 25 KGS |
Thai Epoxy – Thailand |
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Ethyl Cellosolve |
195 KGS |
Diam Organic |
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Paraformaldehyde |
25 KGS |
Spain |
|
Isophthalic Acid |
190 KGS |
Germany |
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Matting Agents – OK – 412/TS – 100 |
15/10 KGS |
Degussa |
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Isophthalic Acid |
25 KGS |
Lonza – Singapore |
|
North American Asphaltum – Zeco – 147 |
25 KGS |
USA |
|
Polyester Resins – HC – 5801/7803, Korea |
25 KGS |
Alkenz Company Limited, Korea |
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Rheological Additives |
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Tertiary Butanol |
155 KGS |
Germany |
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Vinyl Resins VAGH, VMCH, VYHH |
22.68 KGS |
DOW Chemicals – USA |
|
Vestanat IPDI Vestamin IPD/TMD Vestagon B/68/B-55/B-31 Synthetic Resins SK |
200 KGS, 180 KGS, 20 KGS, 25 KGS |
Degussa – Germany |
|
Silanes – Dynasylan VTMO, Germany Vtmoco/ Memo/ Glymo, GERMAY |
|
Degussa – Germany |
|
Hydrocarbon Resin, B – 120/100/140, Brazil |
25 KGS |
Brazil |
|
Name of the company |
AROMA CHEMICAL AGENCIES [INDIA] PRIVATE
LIMITED |
|
Presented By |
Anantrai K.
Kamdar |
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1) Date and description of instrument creating the change |
Goods security agreement dated 18th November, 05 executed
by Aroma Chemicals Agencies [India] Private Limited |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Total working capital facilities of Rs. 40.000 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 |
The whole of movable assets, including stocks of raw materials, goods
in process of manufacture, semi-finished goods and all finished and
manufactured goods and articles together with all stores, components and
spares which now belongs to and pertains to, or may hereafter from time to
time during the continuance of this security belong to and pertains to, the
company and which are or shall or may be brought into stored or be in or upon
or about the company’s factory, godowns and / or their premises wherever else
the same may be situated, stored, or lying or being including any such raw
materials, inventories, article or goods, any stores spares and components or
other similar moveable assets in course of transit or delivery to the company
and all of the company’s present and future book debts, outstanding monies,
receivables, claims, bills, investments, rights to or on moveable properties
and moveable assets forming part of current assets which are now due owing or
payable or belonging to or pertaining to the company or which may at any time
hereafter during the continuance of this security become due, owing payable
or belonging to or pertaining to the company in the course of its business
and together with all benefits, advantages and legal incidence thereof. |
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
In consideration
of the lender having agreed to lend advance to the company, said credit
facilities the company covenants inter alia, as follows : 1. To repay the
facility at [2] above and pay interest and all other monies in the manner set
out in the said agreement between the company and the lender and to comply
with the terms and conditions of the said agreement 2. The said
current assets hypothecated to the lender by way of first exclusive charge created
in favour of the bank, as security for and be charged with the repayment of
the loan with all interest, liquidated, damages, premia on prepayment or on
redemption, costs, charges, and other expenses payable by the company to the
lender in respect thereof. Margin – 32% for
stocks and 41% for book debts 3. The company
to keep the said assets in marketable and good condition and also insured as
provided therein 4. power of
entry, power to take charge and / or possession of seize, recover, receive,
appoint and sell, contract, dispatch for realization or otherwise dispose of
or deal with all or any part of the said goods, etc, as provided therein |
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5) Name and Address and description of the person entitled to the
charge. |
Citibank N.A. Citigroup Centre Bandra Kurla
Complex, Bandra [East], Mumbai – 400051 |
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6) Date and brief description
of instrument modifying the charge |
Not Applicable |
|
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 |
WEBSITE DETAILS
Aroma Chemical Agencies (India) Private Limited today stands at the forefront of one of the largest commitments to the Paints, Inks & Coatings, Industry.
They operate in a synergy of global resources including strategic relationships with our principles, domestic as well as international.
Aroma Chemical Agencies (India) Private Limited has been built on a vision to explore new heights and to commit to them.
They are leading distributors and indenting agents of raw materials catering to the needs of industries such as Paints, Printing Inks, Resins, Speciality Coating, Plastics, Adhesives Agrochemicals and Pharmaceuticals since more than three decades.
Company Policy :
They the members of Aroma Chemical are dedicated to customer's satisfaction.
They are in business to satisfy their customer's needs and expectations by
delivering best quality products and services on time and also committed to do
continual improvement in their performance.
Warehousing Facilities
They have their own warehouse having 10000 sq. ft. built up area for storing chemicals. This facility is situated at Bhiwandi (about 30 kms. from Mumbai).
They also have a warehouse in NEW DELHI & KOLKATA
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.44.50 |
|
UK Pound |
1 |
Rs.85.86 |
|
Euro |
1 |
Rs.58.39 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
|