MIRA
INFORM REPORT
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Report Date : |
08.05.2007 |
IDENTIFICATION DETAILS
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Name : |
ROTOMAC PENS LIMITED |
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Registered Office : |
201, City Centre 63/2,
The Mall, |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
03.08.1992 |
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Com. Reg. No.: |
20-14605 |
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CIN No.: [Company
Identification No.] |
U51396UP1992PLC014605 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
KNPR00089F |
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Legal Form : |
Closely Held Public Limited Liability company |
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Line of Business : |
Manufacturers and Exporters of all types of Plastics Writing Instruments. |
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 1300000 |
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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 : |
201, City Centre 63/2,
The Mall, |
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Tel. No.: |
91-512-2330142/143/144/145/146/ 301-1000 |
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Fax No.: |
91-512-2330151/ 301-1099 269-1877 (FAC) |
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E-Mail : |
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Website : |
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Area : |
1200 Sq.ft. (Owned) |
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Location |
(Commercial) |
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Factory 1 : |
Survey # 415, Part Near
Nirma, |
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Tel. No.: |
91-79-23750171 / 0172/ 0877 |
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Fax No.: |
91-79-23750977 |
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Area : |
Owned |
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Location |
Industrial area |
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Factory 2 : |
Daman (in collaboration
with Pentel, one of the writing instrument leaders in |
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Factory 3 : |
D-4 and 5, UPSIDC Site-III, Panki Industrial Area Kanpur-208020 |
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Branches : |
v 105-107, Dhamji Shamji Trade Centre, 1st Floor, Irol Road, Near Vidyavihar Station, Vidyavihar (west), Mumbai-400086, Maharashtra, India v
D-68, East
of Kailash, Near Sapna Cinema, Tel No :- 91-11-26426200 / 26218439 / 26413259 Fax No :- 91-11-26420473 v Kolkata |
DIRECTORS
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Name : |
Mr. Vikram Kothari |
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Designation : |
Chairman cum Managing Director |
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Address : |
7/23, Tilak Nagar, |
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Date of Birth/Age : |
12.10.1949 |
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Qualification : |
B. Com |
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Experience : |
34 years |
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Date of Appointment : |
03.08.1992 |
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Name : |
Mrs. Sadhna Kothari |
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Designation : |
Director |
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Address : |
7/23, Tilak Nagar, |
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Date of Appointment : |
19.07.1999 |
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Name : |
Mr. Khubilal J. Rathod |
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Designation : |
Director |
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Address : |
101/3, Friends CHS., |
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Date of Appointment : |
03.08.1992 |
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Date of Ceasing : |
16.11.2004 |
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Name : |
Mr. Rajesh K. Rathod |
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Designation : |
Director |
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Address : |
101/3, Friends CHS., |
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Date of Appointment : |
03.08.1992 |
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Date of Ceasing : |
16.11.2004 |
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Name : |
Mr. Rahul Kothari |
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Designation : |
Director |
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Address : |
7/23, Tilak Nagar, |
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Date of Appointment : |
01.12.2004 |
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Name : |
Mr. Deepak Agarwal |
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Designation : |
Director |
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Address : |
7/186 D, Swaroop Nagar,
Kanpur-208002, |
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Date of Birth/Age : |
31.12.1962 |
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Date of Appointment : |
01.07.1999 |
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Date of Ceasing : |
01.12.2004 |
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Name : |
Mr. M M Kothari |
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Designation : |
Director |
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Address : |
24/19, The Mall, |
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Name : |
Mrs. Anuradha W Wagh |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Mr. Vikram Kothari |
1365300 |
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Mrs. Sadhna Kothari |
184500 |
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Mr. Rahul Kothari |
100 |
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Mr. Brajesh S Mishra |
100 |
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Total |
1550000 |
All the shares are held by directors and their relatives.
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of all types of Plastics Writing Instruments. |
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Products : |
v
Stick
Ball Pen v
Retractable
Ball Pens v
Gel
Pens v
Roller
Ball Pens v
Fine
Liner v
Marker
v
Refills Stick Ball
Pen v Trendy v
Swift v
Sigma 6 v
Mirror v
SMS v
50-50 v
Compac v
Synergy v
On-Line ball v
Merit v
Fine 07 v
Xellent v
Free ball v
Scoda v
v
Liner Ball v
X-tion v
Swing v
Rapid v
Always v
Viva FX
v Mist v
Joy v
Klick ball v
Sensor DX v
Roto Gold Gel Pens v SMS Gel v
Sky Gel v
Time Gel v
Tring Std v
Dream Gel v
Grace Gel v
NDT Gel v
Ezee Gel v
Unik Gel v
Iris 7 Glitter v
Smile Gel v
Smile Fluro v
Comfi Gel v
Iris7 Gel v
Ultimate Gel v
X-treme Gel v
Wega Gel Roller Ball
Pens v Control 7 v
Speed ball Fine Liner
Pens v Microtech v
Microtech Designer v
Microtech New Marker Pens v Mini hilighter v
Hi-Lighter v
Permanent v
Board Marker v
OHP/CD Writer v
Flip Chart Marker |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash, Contract, L/C and Credit terms |
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Purchasing : |
Cash, Contract, L/C and Credit terms |
Its production status as on 31st March, 2003 was as under :-
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Products |
Installed
capacity (Pcs) |
Actual
Production (Pcs) |
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2003 |
2002 |
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Pens |
16,75,00,000 |
9,45,81,411 |
6,16,38,871 |
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Refills |
16,75,00,000 |
1,35,57,640 |
1,54,19,959 |
GENERAL INFORMATION
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Suppliers : |
BASF India Limited |
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Customers : |
Wholesalers, Retailers and Government Bodies |
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No. of Employees : |
450 |
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Bankers : |
Bank of |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
J. N. Sharma & Company, Chartered Accountants, |
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Address : |
58/4, |
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Parent Company : |
A Rotomac Othari Group Company |
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Associates/Subsidiaries : |
Affiliates v Mitvishi Plastics Private Limited v Rave Complex v Rave Films Subsidiaries v Rotomac Greeting and Gifts |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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9500000 |
Equity Shares |
Rs.10/- each |
Rs.95.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1550000 |
Equity Shares |
Rs.10/- each |
Rs.15.500
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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15.500 |
15.500 |
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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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319.681 |
310.521 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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335.181 |
326.021 |
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LOAN FUNDS |
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1] Secured Loans |
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151.762 |
191.915 |
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2] Unsecured Loans |
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5.502 |
4.200 |
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TOTAL BORROWING |
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157.264 |
196.115 |
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DEFERRED TAX LIABILITIES |
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0.000 |
0.000 |
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TOTAL |
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492.445 |
522.136 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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213.381 |
210.862 |
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Capital work-in-progress |
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1.989 |
1.989 |
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INVESTMENT |
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172.894 |
156.237 |
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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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132.545 |
155.179 |
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Sundry Debtors |
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227.693 |
216.401 |
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Cash & Bank Balances |
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655.530 |
994.629 |
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Other Current Assets |
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8.024 |
23.417 |
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Loans & Advances |
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187.819 |
164.102 |
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Total
Current Assets |
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1211.611 |
1553.728 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1112.883 |
1415.485 |
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Provisions |
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2.742 |
0.522 |
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Total
Current Liabilities |
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1115.625 |
1416.007 |
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Net Current Assets |
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95.986 |
137.721 |
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MISCELLANEOUS EXPENSES |
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8.195 |
15.327 |
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TOTAL |
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492.445 |
522.136 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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Sales Turnover |
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1033.353 |
571.097 |
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Other Income |
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130.661 |
78.706 |
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Total Income |
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1164.014 |
649.803 |
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Profit/(Loss) Before Tax |
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11.447 |
4.834 |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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11.447 |
4.834 |
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Expenditures : |
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Raw Material Consumed |
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216.860 |
221.957 |
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Purchases made for re-sale |
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695.361 |
202.579 |
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Consumption of stores and spares parts |
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3.313 |
4.413 |
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Increase/(Decrease) in Finished Goods |
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4.266 |
(2.989) |
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Salaries, Wages, Bonus, etc. |
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30.262 |
30.024 |
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Managerial Remuneration |
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0.720 |
0.840 |
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Payment to Auditors |
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0.008 |
0.033 |
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Interest |
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42.034 |
31.833 |
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Insurance Expenses |
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0.657 |
1.804 |
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Power & Fuel |
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17.430 |
16.962 |
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Depreciation & Amortization |
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22.403 |
19.676 |
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Other Expenditure |
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119.253 |
117.837 |
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Total Expenditure |
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1152.567 |
644.969 |
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KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
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0.98 |
0.74 |
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Net Profit Margin (PBT/Sales) |
(%) |
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0.98 |
0.74 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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0.80 |
0.27 |
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Return on Investment (ROI) (PBT/Networth) |
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0.03 |
1.48 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.80 |
4.94 |
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Current Ratio (Current Asset/Current Liability) |
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1.09 |
1.10 |
LOCAL AGENCY FURTHER INFORMATION
Form 8 Particular for creation or modification of charges
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Name of the company |
ROTOMAC PENS
LIMITED |
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Presented By |
BANK OF |
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1) Date and description of instrument creating the change |
Letter of continuity dated 15.06.2002 for extension of equitable mortgage and registered on 02.08.2002 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.485.000 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 |
Equitable mortgage by way of deposit of title deeds in respect of company’s immovable properties being land and building situated D-4 and D-5 Panki Industrial Area, Site III, Kanpur together with all the building, structures now standing thereon and together with the constructions that may hereafter be made thereon and also together with the fixtures, fittings tune wells and other things attached thereto, free from all other charges and encumbrances. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
The above said properties are mortgaged to collaterally secure the bank guarantee limit of Rs.485.000 millions granted by bank to the company. Commission and other charges shall be charged of the rates applicable as per Bank’s norms. |
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5) Name and Address and description of the person entitled to the charge. |
Bank of |
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6) Date and brief description of instrument modifying the charge |
Letter of continuity dated 14.01.2006 for extension of equitable mortgage (Earlier modified on 07.01.2004 and 05.11.2004, 24.06.2005 and lastly on 06.10.2005 to reduce the charge upto Rs.101.580 millions and last modification registered on 17.10.2005 |
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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. |
On renewal the advance payment Bank Guarantee cum L/C-DA limit of Rs.344.000 millions has been cancelled/ paid off, Bank Guarantee limit enhanced from Rs.0.080 millions to Rs.0.100 millions and new term loan of Rs.47.500 millions and additional Adhoc L/C Limit of Rs.102.500 millions have been granted to the company. Therefore total amount of charge secured against equitable mortgage by deposit of title deeds in respect of company’s immovable properties as mentioned in column 3 above and modified from time to time as above has now been reduced from Rs.1011.580 millions to Rs.807.600 millions to secure following credit facilities :
Other terms and conditions remain the same. |
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Corporation identity number or foreign company registrations number of the company |
U51396UP1992PLC014605 |
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Name of the company |
ROTOMAC PENS LIMITED |
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Address |
201, City Centre 63/2, The Mall, |
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This Form is for |
Creation of charge |
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Type of Charges |
Hypothecation |
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Particular of the charge holder |
Bank of Kasturba Marg, Branch Uttar Pradesh |
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Nature or description of the instrument creating charge |
Hypothecation of tangible movable property |
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Date of the instrument creating charge |
12.07.2006 |
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Amount Secure by the charge |
Rs.500.000 millions |
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Brief of the principal terms and conditions and extent and operation of the charge |
The company’s properties as mentioned hereunder are hypothecated to secure advance payment bank guarantee (foreign) cum L/C (D/A-180 days) limit of Rs.500.000 millions granted by Bank to company. Interest to be charged @ 4% over BPLR with a minimum of 15.25% per annum with monthly rest r\\s or at such other articles as may be notified by the Bank to the borrower from time to time. |
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Particulars of the Property charged |
Hypothecation of all tangible movable assets including in particular all stocks of Soyameal, Soya oil, other agricultural products, writing instrument, packaging etc. Including therein the stocks thereof for the time being whether raw or manufactured or in process of manufacture and also all producers goods and any and every tangible movable property of borrower lying at borrower’s premises and godowns at Kolkata/Mumbai or wherever else or in transit. |
BUSINESS
The company is engaged in as manufacturers and exporters of all types of
plastics writing instruments.
Subject mainly selling in local markets through dealers and
distributors. Some of the distributors are :-
v
Maheshwari and Brothers
v
RCH and Company
v
A Kumar Stationery
v
Rajat Computer Stationery
v
H V Doshi and Brothers Private Limited
v
Mangilal Agencies
v
Ranu Agency
v
Subham Distributor
v
Shivam Traders
v
Chowallur Marketing
v
Uttkarsh Enterprises
v
Damele Sales
v
M A Distributors
v
Garg Agencies
v
Rastogi Stationery Mart
Website Details :
Company Profile
Subject, belonging to a multi million-dollar turnover Vikram Kothari Enterprises, was incorporated in the year 1992. The promoters and the manufacturers had conceived this project with an objective to provide a good quality and economically priced ball pens in the market. Rotomac, today is a leading manufacturer of writing instrument and has now increased the product portfolio under its umbrella.
Pre-project market survey, feasibility and viability studies preceding product
development had taken nearly two years. This was essential to set up a world
class integrated production facilities to manufacture and supply writing
instruments with fine tune matching nee synchronization of the ink, tips,
balls, nibs and design according to the needs of the Indian and International
consumers.
Within a short span of less than 2 years, Rotomac became a generic name for
ball pens. It acquired a distinct product identity. It brought awareness and a
revolution in the ball pen industry. Rotomac has been attributed with changing
the ball pens from a mere commodity to a highly valued branded product.
The Product Benefit i.e. pleasure of smooth and perfect writing coupled with
the association of Trust, Quality and Reliability has been vouched by millions of satisfied & loyal
Rotomac customers in
Their Policy
v Customer Satisfaction
v Concern for People
v Commitment to Quality and Excellence
v Innovation
Their Strategy
v Zero Defect Manufacturing
v Design & Development
v Customer Relation Management
v Total Quality Management
THEIR
v Institution of excellence striving for high standard and position of leadership in all spheres of their activity - committed to providing superior quality and value for money to their global customers.
v To achieve prosperity for their stakeholder through equitable and profitable business operations. At the same time contribute to their society, their nation and the environment.
THEIR VISION
To make ROTOMAC as one amongst the leading global business player, in the field of writing instruments, stationery and complimentary range of products QUALITY POLICY.
• Customer Satisfaction
• Concern for People
• Commitment to Quality and Excellence
• Innovation
Exports
Rotomac, a leading brand of the writing instruments sector, and a part of the 100 crore Rotomac Kothari Group, is amongst the first few entities, which have sought to create a niche corporate identity in this business.
With state-of-the-art manufacturing facilities in Kanpur and Ahmedabad, and a
dynamic, and intensive marketing network in India and abroad, Rotomac have
consistently concentrated on innovation in the production of quality-oriented,
yet economically priced, writing instruments. Another notable achievement is
the recent setting up of a production facility at Daman, in collaboration with
Pentel, one of the writing instrument leaders in
Rotomac Kothari Group is also a leading player in other sectors like Greeting
Cards under the brand name of Rotomac Greetings, a business where they have
successful, strategic partnerships with leading international brands like Carte
Blanche and Picadilly.
The group also has a successful, operational Pan Masala manufacturing business
under the aegis of which both Sada Pan Masala and Guthka are manufactured and
marketed.
After successfully establishing itself as the undisputed market leader in its
operations of manufacturing and marketing writing instruments, The Rotomac
Kothari Group have entered the retail business with the opening of the swank
RAVE Complex in Kanpur in the year, 2001. The mall complex consists of 70,000
sq. feet of high-end branded shopping (brands like Pantaloon, ITC Wills Sport,
Home Store, Nike, Swatch, Agrani Switch, Himalaya Opticals, Levi's, Domino's,
Cafe Nescafe, Barista, Upper Crust, amongst others, are represented here), with
a special emphasis on leisure activities like a multi-cuisine food court, a
speciality restaurant and the first night club of Kanpur. Filmed Entertainment
forms the anchor constituent of this mall complex. The latest technologies have
been introduced to the cinema-going patrons of
As a natural extension of this success, The Rotomac Kothari Group, under the
brand name of RAVE FILMS, has now produced their first Hindi feature film,
CHURA LIYAA HAI TUMNE, in collaboration with PFH Entertainment Limited The film
introduces a future star in Zayed Khan, and is directed by the noted filmmaker,
Sangeeth Sivan. The film epitomizes The Rotomac Kothari Group's philosophy – to
provide wholesome, popular mass entertainment. The film hits the screens in
January, 2003.
v Rotomac Pens Private Limited
v Rotomac Pens Private Limited Gujrat Unit.
v
Crown
Alba Writing Instruments
v Rotomac Exports Private Limited
v Kothari Foods & Fragrances
v Rave Entertainment Private Limited
v Mohan Steels.
ROTOMAC PENS PRIVATE LIMITED
This company is well known for manufacturing Rotomac brand
of writing instruments of International quality. Rotomac has 2 factories
one in
ROTOMAC PENS PRIVATE LIMITED GUJRAT UNIT.
This company is well known for manufacturing Rotomac brand
of writing instruments of International quality. Rotomac has 2 factories
one in
CROWN ALBA WRITING INSTRUMENTS
They have set up a company to manufacture specialized ball pens for the American market. This deals with mega bold pens. The projected turnover of this company is US dollars 30million (Rs. 600 millions)
ROTOMAC EXPORTS PRIVATE LIMITED
From, sale and export of Fast Moving Consumer Goods in the Indian market, the next logical step was export of the same in the International market. Having tasted success, Mr. Kothari floated a company to deal exclusively with export of trading items. This has been an unprecedented success. It is being run by hardcore professionals. It deals with the export of commodities as well as consumer goods.
KOTHARI FOODS & FRAGRANCES
Mr. Vikram Kothari was the pioneer of the
Indian mouth freshener business. He was the person who introduced the concept
of mouth freshener in
RAVE ENTERTAINMENT PRIVATE LIMITED
Being a multiplex at par with international standards, Rave
3 is a tribute to the commitment and dedication of its owners and its
passionate team. With imaginative designs, proper space utilization and
attractive colours, Rave 3 is one of the finest plexes in
MOHAN STEELS LIMITED
Mohan Steels Limited. is manufacturing long products such as Wire Rod, TMT Re-Bars as well as CTD Bars. With a 35 ton/hr reheating furance, inline digitally driven multi-row bearing stands, a lab with a Jarrel Ash Spectrometer for chemical analysis and physical testing equipment they are well geared to give the customer quality products meeting international specifications.
The company is manufacturing wire rod, cold twisted deformed bars as well as Thermo Mechanically Treated Reinforcement Bars with a capacity of 120,000 tons/year.
With modern rolling technology using tension free rolling, digital dc drives and PLC's, they are geared to make high quality rolled products such as Wire Rod & TMT Re-Bars with good tolerances.
Mohan Steels Limited is one of the large
steel manufacturers in
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.81.45 |
|
Euro |
1 |
Rs.55.42 |
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 |
9 |
|
--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 |
|
51 |
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 |
|