MIRA
INFORM REPORT
|
Report Date : |
28.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
AQUARIUS TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
83/1 Sanjwat, Sarang Society,
Sahakarnagar, Pune – 411009, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
20.12.1991 |
|
|
|
|
IEC No. : |
3191002847 |
|
|
|
|
Com. Reg. No.: |
11-64585 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74999MH1991PTC064585 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEA06398A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCA2868F |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturers,
dealers, importers and exporters of vacuum dewatering system, surface
vibrators, power trowelrs, plate compactor, poker vibrators, ride-on-trowels,
scarifiers, descalers, shot blasting machine, compact sliform paver,
thermoplastic road marking machine, mortar sprayers, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 59000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having satisfactory track
records. 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
|
Registered Office : |
83/1 Sanjwat, Sarang Society,
Sahakarnagar, Pune – 411009 ( |
|
Tel. No.: |
91-20-24225204 / 24222087 /
24225738 |
|
Fax No.: |
91-20-24227831 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200 sq. ft. [Rented] |
|
|
|
|
Warehouse : |
C/o
Mr. D V Chavan, Vithalwadi, |
|
|
|
|
Factory 1 : |
W-83, Additional MIDC, Kodoli, District Satara – 415 004, |
|
Tel. No.: |
91-2162-246226 |
|
Fax No.: |
91-2162-245316 |
|
Area : |
2000 sq. ft. [Owned] |
|
|
|
|
Factory 2 : |
56 A, DGT, DDA Flats, Vikaspuri, |
|
Tel. No.: |
91-11-28536130 |
|
Mobile No.: |
91- 9810891868 |
|
E-Mail : |
|
|
Area : |
800 sq. ft. [Rented] |
|
|
|
|
Branches : |
CTS No. 297, Erandavane, |
|
Tel. No.: |
91 20 24221916 |
|
Mobile No.: |
91 9850098109 |
|
E-Mail : |
DIRECTORS
|
Name : |
Mr. Ravindra V Godbole |
|
Designation : |
Director |
|
Address : |
83/1, Sanjwat, Sarang Society,
Sahakarnagar, Pune – 411 009, |
|
Date of Birth/Age : |
53 Years |
|
Qualification : |
B. Tech, DBM |
|
Experience : |
32 Years |
|
Date of Appointment : |
23-12-1991 |
|
|
|
|
Name : |
Mr. Vinayak S Hardikar |
|
Designation : |
Director |
|
Address : |
Ashis, 1013/13, Swastik
Society, Model Colony, Shivajinagar, Pune – 411 016, |
|
Date of Birth/Age : |
53 Years |
|
Qualification : |
B. Com. MBA |
|
Experience : |
32 Years |
|
Date of Appointment : |
20-12-1991 |
|
|
|
|
Name : |
Mr. Deepak J Mehta |
|
Designation : |
Director |
|
Address : |
Shreya, |
|
Date of Birth/Age : |
51 Years |
|
Qualification : |
B. Com |
|
Experience : |
30 Years |
|
Date of Appointment : |
20-12-1991 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Milind S Bhadbhade |
|
22000 |
|
Mr. Vinayak S Hardikar |
|
22000 |
|
Mr. Deepak J Mehta |
|
22000 |
|
Mrs. Bhakti J Mehta |
|
11000 |
|
Mrs. N M Bhadbhade |
|
11000 |
|
Mr. Ravindra Godbole |
|
22000 |
|
Mrs. M R Godbole |
|
11000 |
|
Mr. Milind M Hanumante |
|
22000 |
|
Mrs. Neeta M Hanumante |
|
11000 |
|
Mr. R V Hardikar |
|
11000 |
|
Total
|
|
165000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
dealers, importers and exporters of vacuum dewatering system, surface vibrators,
power trowelrs, plate compactor, poker vibrators, ride-on-trowels,
scarifiers, descalers, shot blasting machine, compact sliform paver,
thermoplastic road marking machine, mortar sprayers, etc. |
|
|
|
|
Products : |
• Surface Vibrators Double Beam
Surface Vibrator» Laser
Screeds» • Skim floaters / Power
Trowels» • Compactors»
Vibratory Tampers» KM 160 D / KM 160 E» KM 70 PK» • Mortar Spraying Machines»
Mini Avant» UNI 30» Beton Master» T5 & T7» • Concrete Surface Scarifiers FR 200» VA 30S» 0S FR 100» VA 35 R» • Shot Blasting Machines T 20 SL2 • Road
Marking machine |
|
|
|
|
Brand Names : |
AQUARIUS TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Agencies Held : |
·
M-B-W Inc, ·
Trimmer SRL, ·
·
Von Arx AG, ·
Somero Enterprises, U K ·
·
Barrikell SRL, ·
Trysil Maskin AS, ·
Trimble Navigation India Private
Limited, |
|
|
|
|
Exports : |
|
|
Products : |
Plate
Compactor |
|
Countries : |
U K |
|
|
|
|
Imports : |
|
|
Products & Countries : |
Slip Form Pavers : Mortor Spraying Machines : Concrete Scarifies : Laser Screeds : Shot Blasting Machines : Ride On Trowells : Road Marking Machines : Construction Lasers and Receivers : |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
Cash and Credit [30 days] |
PRODUCTION STATUS
|
Particulars |
|
Installed
Capacity |
|
Vaccum Dewatering Systems
& Parts thereof other Machines |
|
As per demand |
GENERAL INFORMATION
|
Customers : |
End
Users ˜
Ahluwalia Contracts ( B-4/205, Safdarjung Enclave, Tel No. 91-11-26107442/26194643 Contact Person :
Mr. Uppal Mobile No. 09811033569 Mr. Raj Ahluwalia Tel No. 91-11-26135208 ˜
Ahuja Kashyap Private Limited X-3, Hauz Khas, Tel No. 91-11-26850559 / 66958 Contact Person :
Mr. Anup Rawla (Director ) Mr. Sharad Ahuja – Director ˜
Ashok Rathod & Sons 54, Sahawas Society, Karve Nagar, Pune – 400 052, Tel No. 91-20-5454887 E Mail : ashokrathod@jp.eth.net Contact Person : Mr. Ashok Rathod Mr. Amit Rathod Mobile No. 9822020247 ˜
Bhayana Builders Private Limited 7, Tel No. 91-11-26168874 / 8817 E Mail : bhayana@vsnl.com Contact Person :
Mr. Ajay Agarwal Mobile No. 9811110055 Mr. Nitin Bhayana ˜
Conart Engineers Limited 35-36, Manoj Udyog, 40/A, G. D. Ambekar Marg, Wadala,
Mumbai – 400 031 Tel No. 91-22-24148503 / 8521 Fax No. 91-22-24146575 Contact Person :
Mr. Vinodbhai Sura ˜
Durgalal R. Agarwal 71, Ramchandra Nagar Extension, Tel No. 91-731-2411053 / 216 Contact Person :
Mr. Ganesh Agarwal Mobile No. 98270 37576 ˜
Engineers Associates Shop No. 2, Aishwarya Apartments, Osmanpura, Tel No. 91240-2356962 / 2325210 Fax No. 91-240-2359158 Contact Person :
Mr. Sudhir Nafde ˜
G. S. Developers & Contactors 201-202, Tel No. 91-11-25531580 / 4138 Fax No. 91-11-25532656 Contact Person :
Mr. Amardeep Singh ˜
Hiranandani Construction Private Limited Tel No. 91-22-25706441 / 442 / 6466 Fax No. 91-22-25706460 Contact Person :
Mr. C. K. Pithawala Mobile No. 9820123505 Mr. Girish Panchal Mobile No. 9820123507 ˜
J M C Project ( Level 11, JMC House, Ambawadi, Ahmedabad – 360 006, Tel No. 91-79-26443644 / 2656299 Fax No. 91-79-26460401 Contact Person : Mr. Hemant Modi ˜
Jawadwalas Construction Private Limited Ankur 38, Tel No. 91-22-26242394 Fax No. 91-22-26243162 Contact Person :
Mr. Salim Jawadwala ˜
K V Floorings Private Limited Ish Krupa, Tel No. 91-253-2579275 Fax No. 91-253-2313837 Contact Person :
Mr. Pravin Burkule (Director) ˜
Larsen & Toubro Limited Tel No. 91-44-2492747 / 6319 Fax No. 91-44-2493317 Contact Person ; Mr. S. R. Navalgund (Jt. General Manager) ˜
Larsen & Toubro Limited (ECC Construction) E/6, Tel No. 91-22-22186711-13 Fax No. 91-22-22188480 ˜
Mukesh Construction Company 759/17, Ram Kripa Apartment, Near Hotel Ajit, Deccan
Gymkhana, Pune – 411 004, Tel No. 91-20-25672620 Fax No. 91-25672640 Contact Person : Mr. Mukesh
Rathod Mobile No. 98220
23273 ˜
M. S. K. Projects ( 707-708, Sterling Centre, Tel No. 91-265-2324756 / 9893 Fax No. 91-265-2341642 Contact Person : Mr. Ashok Khurana ˜
New Consolidated Construction Rahimtoola House, 7, Tel No. 91-22-22660056 Fax No. 91-22-22664953 E Mail : nccl@bom3.vsnl.net.in ˜
Pratibha Constructions Block No. 2, Shilpa Apartment, Tel No. 91-231-658687 / 659822 Fax No. 91-231-650123 E Mail : pconst@bom5.vsnl.net.in ˜
Ramanlal Ranchhodlal Shah 208, Silveroaks, Near Mahalaxmi Char Rasta, Paldi,
Ahmedabad, Tel No. 91-79-26582110 Fax No. 91-79-26587856 E Mail : Mr. Deepak Shah ˜
Shades N Shelters #7, 1st Floor, Tel No. 91-80-3328897 Fax No. 91-80-3424949 Contact Person :
Mr. K. Prakash ˜
Shapoorji Pallonji & Company Limited 35, Tel No. 91-80-5282188 / 99 Fax No. 91-80-5282177 ˜
Shapoorji Pallonji & Company Limited Everest Company, C/o. Pralay Comp. Plot No. D-82-83, MIDC,
P. B. No. 1027, Satpur, Nashik –422 007, Tel No. 91-253-2350972 / 7206 Fax No. 91-253-2351177 Contact Person : Mr. Deshmukh / Mr. Puranik ˜
Simplex Concrete Pils ( Vaikunth, II Floor, 82-83, Tel No. 91-11-26432515 / 73330 Fax No. 91-11-26465869 E Mail : simplexco@mantraonline.com
Contact Person : Mr. Gautam Banerji ˜
Sita Homes Private Limited 108, Tel No. 91-731-2528377 Fax No. 91-731-25041269 Contact Person : Mr. Sachin Saxena ˜
Technotrade Associates SB-114, Lalkot HI, Tel No. 91-141-2707489 / 9468 Fax No. 91-141-2710227 Contact Person : Mr.
S. Chauhan Mobile No. 9829017105 |
|
|
|
|
No. of Employees : |
41(in office 29, in factory 11) |
|
|
|
|
Bankers : |
Bank
of |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Sharad
Shah & Company Chartered
Accountants |
|
Address : |
Gokul
Nagar, B, 118/4, |
|
Tel. No.: |
91-20-5535405
/ 5535426 / 25533146 |
|
|
|
|
Associates/Subsidiaries : |
Harshal Engineers
|
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Share |
Rs. 10/- each |
Rs. 2.000 millions |
|
50000 |
Preference Share |
Rs. 10/- each |
Rs. 0.500 million |
|
|
Total |
|
Rs. 2.500
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
165000 |
Equity Share |
Rs. 10/- each |
Rs. 1.650 millions |
|
120 |
Preference Share |
Rs. 10/- each |
Rs. 0.001 Millions |
|
|
Total |
|
Rs. 1.651 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.651 |
1.651 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
13.340 |
8.730 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
14.991 |
10.381 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
3.857 |
3.911 |
|
|
2] Unsecured Loans |
|
4.068 |
4.068 |
|
|
TOTAL BORROWING |
|
7.925 |
7.979 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.268 |
|
|
|
|
|
|
|
|
TOTAL |
|
22.916 |
18.628 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
8.222 |
5.846 |
|
|
Capital work-in-progress |
|
0.000 |
0.137 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
1.705 |
0.709 |
|
|
DEFERREX TAX ASSETS |
|
0.188 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
6.165 |
7.659 |
|
|
Sundry Debtors |
|
4.775 |
3.621 |
|
|
Cash & Bank Balances |
|
2.370 |
3.249 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
2.278 |
2.498 |
|
Total
Current Assets |
|
15.588 |
17.027 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
2.775 |
5.091 |
|
|
Provisions |
|
0.012 |
0.000 |
|
Total
Current Liabilities |
|
2.787 |
5.091 |
|
|
Net Current Assets |
|
12.801 |
11.936 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
22.916 |
18.628 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
|
42.830 |
27.824 |
|
|
Other Income |
|
2.569 |
3.030 |
|
|
Total Income |
|
45.399 |
30.854 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
5.825 |
1.537 |
|
|
Provision for Taxation |
|
1.215 |
0.514 |
|
|
Profit/(Loss) After Tax |
|
4.610 |
1.023 |
|
|
|
|
|
|
|
|
Earnings in Foreign Currency : |
|
|
|
|
|
|
Export Earnings |
|
10.892 |
1.158 |
|
|
Commission Earnings |
|
0.000 |
0.000 |
|
|
Other Earnings |
|
0.253 |
0.797 |
|
Total Earnings |
|
11.145 |
1.955 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Raw Materials |
|
|
|
|
|
Stores & Spares |
|
1.911 |
0.256 |
|
|
Capital Goods |
|
|
|
|
|
Others |
|
|
|
|
Total Imports |
|
1.911 |
0.256 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
|
28.766 |
20.557 |
|
|
Depreciation & Amortization |
|
1.263 |
0.832 |
|
|
Interest |
|
0.515 |
0.430 |
|
Total Expenditure |
|
30.544 |
21.819 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
10.15 |
3.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
13.60 |
5.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
24.46 |
6.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.39 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.71 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
5.59 |
3.34 |
LOCAL AGENCY FURTHER INFORMATION
Business
Subject
acts as manufacturer, trader, dealer, importer and exporter.
Subject
is engaged in to carry on the business
to manufacture, assemble, repair, design and to buy, sell import, export,
maintain or otherwise deal in construction, development and earth moving
machinery including dumpers, bulldozers, cranes, lifts, road rollers, tillers,
movers, dredgers, pulleys, tractors, trucks, poker, vibrators, surface
vibrators, special purpose vacuum pumps, and allied dewatering equipments for
construction of concrete floors.
Floating machines used for finishing concrete floors, soil compactors
and other special purpose or custom built, plant & machinery, tools, tackle
equipment, required for tunneling, grafting, leveling, mining, construction of
bridges, flt-overs, dams or other construction and earth moving equipments.
Trade reference
v
B. L. Kashyap & Sons Private Limited
A-21/B-1, Mohan Co-operative Industrial Area,
Tel No. 91-11-26430113 / 66047
Contact Person : Mr.
Vikram Kashyap
Mr. Surinder Singh
v
Purvankara Projects Limited
130/1,
Tel No. : 91-80-25599000
Contact Person : Mr. Suhas Kulkarni Director
– Technical
v
Larson and Toubro Limited
ECC Construction Group
No. 19, 1st and 2nd
Floor,
Tel No. : 91-80-22259675 / 76
Contact Person : Mr. M P Naidu, Regional
Manager
AS PER WEBSITE
Beginning with the Indian production of Tremix Vacuum Dewatering System under license from TREMIX AB, SWEDEN in 1991, they now offer many more machines like Compact Slipform Pavers, Road Marking machines, Laser Screeds, to name a few. All along this route of adding new machines in the programme, they have taken care to consolidate on essential aspects like training their engineers and technicians in understanding new techniques as well as new processes. This has helped them in adapting to the requirements of service of new machines. After establishing in machines for construction of factory building projects and more recently, residential projects during the last few years, they have also supplied machines to projects of national importance like National Highway Development Programme, Delhi Metro Rail,
Domestic/
Service
Pune :
Tel : 91 20 24221916 Tel
: 91 11 28536130
Cell : 91 9850098109 Cell
: 91 9810891868
Email : atplservice@yahoo.co.in Email : atplservice_delhi@yahoo.co.in
Head Office : North & East :
Cell : 91 9822026355 Cell
: 91 9822379203
Email : vshardikar@aquariustech.net Cell : 91 9313162679
Email :vishramkanetkar@aquariustech.net Email :ajaykarambelkar@aquariustech.net
West 1 & Central : West 2 & South :
Cell : 91
9824254133 Cell
: 91 9822065262
Email : rajujoshi@aquariustech.net Email : aashishapte@aquariustech.net
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.40.60 |
|
|
1 |
Rs.80.65 |
|
Euro |
1 |
Rs.54.55 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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 |
|