MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
KALPATARU
CONSTRUCTIONS PRIVATE LIMITED |
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Registered Office : |
101,
Kalpataru Synergy, Opp. Grand Hyatt, Santacruz [East], Mumbai – 400055, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
29.10.1981 |
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Com. Reg. No.: |
11-25516 |
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CIN No.: [Company
Identification No.] |
U45200MH1981PTC025516 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMK11329D |
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PAN No.: [Permanent
Account No.] |
AAACK2288F |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
The company is engaged
in Construction and Allied activities. |
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 480424 |
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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 in construction industry. 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 : |
101,
Kalpataru Synergy, Opp. Grand Hyatt, Santacruz [East], Mumbai – 400055,
Maharashtra, India |
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Tel. No.: |
91-22-30645000 |
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Fax No.: |
91-22-30643131 |
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Website : |
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Thane Central Office : |
Siddhachal Shopping Complex, 1st Floor Pokhran Road No. 2,
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Tel.
No.: |
91- 22- 2541 2233 / 2541 1768 |
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Fax
No.: |
91-
22- 2541 6129 |
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Pune Office : |
Kalpataru Gardens 9-A, Boat Club Road Pune-411 001 India |
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Tel.
No.: |
91- 9520 - 2612 2516 / 2612 0723 |
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Fax
No.: |
91- 9520 - 2612 0804 |
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E-Mail
: |
DIRECTORS
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Name : |
Mr. Ismail M.
Kanga |
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Designation : |
Director |
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Address : |
1, Kalpataru, 39,
Dr. G. Deshmukh Marg, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
05.10.1918 |
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Date of Appointment : |
30.10.1981 |
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Date of Ceasing : |
04.02.2005 |
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Name : |
Mr. Mofatraj P.
Munot |
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Designation : |
Director |
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Address : |
Munot Villa, West
Field Compound Lane, 63 K, Bhulabhai Desai Road, Mumbai – 400026,
Maharashtra, India |
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Date of Birth/Age : |
04.10.1944 |
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Date of Appointment : |
21.09.1988 |
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Name : |
Mr. Suresh A.
Gandhi |
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Designation : |
Director |
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Address : |
1102, Manju
Apartments, Narayan Dabholkar Marg, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
25.09.1950 |
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Date of Appointment : |
01.08.1986 |
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Date of Ceasing : |
11.05.2004 |
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Name : |
Mr. Parag M.
Munot |
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Designation : |
Director |
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Address : |
Munot Villa, West
Field Compound Lane, 63 K, Bhulabhai Desai Road, Mumbai – 400026,
Maharashtra, India |
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Date of Birth/Age : |
02.06.1969 |
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Date of Appointment : |
08.07.1999 |
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Name : |
Ms. Monica P.
Munot |
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Designation : |
Director |
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Address : |
Munot Villa, West
Field Compound Lane, 63 K, Bhulabhai Desai Road, Mumbai – 400026, Maharashtra,
India |
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Date of Birth/Age : |
16.12.1976 |
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Date of Appointment : |
08.07.1999 |
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Name : |
Mr. Imtiaz I.
Kanga |
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Designation : |
Director |
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Address : |
1, Kalpataru, 39,
Dr. G. Deshmukh Marg, Mumbai – 400006, Maharashtra, India |
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Date of
Birth/Age : |
31.08.1952 |
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Date of
Appointment : |
15.07.2003 |
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Name : |
Mr. Mihir
Virendra Mehta |
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Designation : |
Director |
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Address : |
Room No. 21, 2nd
Floor, Shreeji Bhuvan, Gazdar Street, Chira Bazar, JSS Road, Mumbai – 400002,
Maharashtra, India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Imtiaz I.
Kanga |
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133 |
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Ms. Yasmin I.
Kanga |
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132 |
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Mr. Parag M.
Munot |
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33425 |
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Ms. Sunita V.
Choraria |
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500 |
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Ms. Sudha R
Golechha |
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500 |
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Mofatraj P. Munot
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120337 |
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Mofatraj P. Munot Karta of Munot P.
Mofatraj HUF |
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66382 |
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K. C. Holding
Private Limited |
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195900 |
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Kalpataru Construction
Overseas Private Limited |
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15650 |
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Imtiaz I. Kanga
Jtly with Yasmin I. Kanga |
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1110 |
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Mofatraj P. Munot
as partner of Kalpataru Builder – Pune |
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100 |
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Munot P. Mofatraj
as partner of Kalpataru Theatre |
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100 |
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Monica P Munot |
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23875 |
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MPM Holding
Private Limited |
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38000 |
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Mofatraj P. Munot
as Trustee of Sudha Trust |
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29566 |
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Mofatraj P. Munot
as Trustee of Sunita Trust |
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29566 |
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Parag M. Munot
Jointly with Monica P. Munot |
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36729 |
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Monica P. Munot Jointly with Parag M. Munot |
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26235 |
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Imtiaz I. Kanga
Jointly with Imran I Kanga |
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1759 |
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Total
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619999 |
Equity Shares Breakup (Percentage of Total Equity):
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Sr No. |
Category |
Percentage |
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1 |
Directors or relative of directors |
59.75 |
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2 |
Bodies Corporate |
40.25 |
BUSINESS DETAILS
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Line of Business : |
Subject is
engaged in Construction and Allied activities |
GENERAL
INFORMATION
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Bankers : |
²
Syndicate
Bank Nariman Bhavan, Nariman Point, Mumbai – 400021 ²
Indian
Overseas Bank Khar Branch, 393, Linking Road, Khar [West]. Mumbai – 400052 |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
MGB & Company
Chartered
Accountants |
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Address : |
Jolly Bhavan 2, 1st
Floor, 7, New Marine Lines, Churchgate, Mumbai – 400020, Maharashtra,
India |
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Tel. No.: |
91-22-56332330 |
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Fax No.: |
91-22-56351545 |
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E-Mail : |
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Associates/Subsidiaries : |
²
Corporate
Office Products [India] Private Limited CIN No.: U36991MH2000PTC126883 ²
Property
Solutions [India] Private Limited CIN No.: U45102MH2000PTC129763 ²
Databank
Office Staples [India] Private
Limited CIN No.: U30007MH1996PTC102183 |
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Group Companies: |
©
Kalpataru
Power Transmission Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs. 100/- each |
Rs.100.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
619999 |
Equity Shares |
Rs. 100/- each |
Rs.61.999
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
61.999 |
62.000 |
62.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
58.107 |
35.367 |
14.991 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
120.106 |
97.367 |
76.991 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.046 |
101.111 |
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2] Unsecured Loans |
0.646 |
20.648 |
21.306 |
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TOTAL BORROWING |
0.646 |
20.694 |
122.417 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
120.752 |
118.061 |
199.408 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.475 |
1.785 |
2.172 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
77.070 |
77.071 |
70.870 |
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DEFERREX TAX ASSETS |
4.554 |
5.208 |
4.525 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
31.099
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33.402
|
129.078 |
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Sundry Debtors |
0.043
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0.055
|
3.160 |
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Cash & Bank Balances |
0.348
|
1.487
|
1.194 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
21.520
|
14.896
|
13.638 |
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Total
Current Assets |
53.010
|
49.840
|
147.070 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
13.931
|
14.660
|
25.101 |
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Provisions |
1.426
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1.183
|
0.406 |
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Total
Current Liabilities |
15.357
|
15.843
|
25.507 |
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Net Current Assets |
37.653
|
33.997
|
121.563 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.278 |
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TOTAL |
120.752 |
118.061 |
199.408 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover (including other income) |
30.913 |
131.039 |
64.075 |
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Profit/(Loss) Before Tax |
22.744 |
20.415 |
[14.266] |
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Provision for Taxation |
0.000 |
1.405 |
7.286 |
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Profit/(Loss) After Tax |
22.744 |
19.010 |
[21.552] |
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Expenditures : |
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Interest |
0.063 |
2.188 |
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Depreciation |
0.310 |
0.386 |
78.341 |
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Other expenditure |
7.795 |
108.076 |
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Total Expenditure |
8.168 |
110.650 |
78.341 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
73.57
|
14.51
|
[33.64] |
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Net Profit Margin (PBT/Sales) |
(%) |
73.57
|
15.58
|
[22.26] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
41.74
|
39.54
|
[9.56] |
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Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.21
|
[0.19] |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.13
|
0.38
|
1.92 |
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Current Ratio (Current Asset/Current Liability) |
|
3.38
|
3.15
|
5.77 |
LOCAL AGENCY
FURTHER INFORMATION
Note:
Company Registered Address changed from -
111, Maker Chambers
IV, Nariman Point, Mumbai – 400021, Maharashtra
To
101, Kalpataru
Synergy, Opp. Grand Hyatt, Santacruz [East], Mumbai – 400055, Maharashtra
With effect from 04.05.2006
Fixed
Assets
· Construction Equipments
· Furniture and Fixture
· Office Equipments
· Vehicles
· Computers
· Air Conditioners
Form 8:
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Name of the company |
Kalpataru Constructions Private Limited |
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Presented
By |
Syndicate
Bank & Kalpataru
Constructions Private Limited |
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1) Date and description of instrument creating the change |
Date : 30.12.2003 Simple mortgage deed |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 300.000 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 |
10 ready flats along with respective parking places in Karmakshetra, Wing D-2, Plot No. 368 of scheme No. VI of Sion Matunga Estate, C S No. 89, Scheme of Sion Division No. VI, Comrade Harbanslal Marg, Next to Shanmukhanand Hall, SSS Nagar, Knig’s Circle, Mumbai – 400037 a detailed below :
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4) Gist of the terms and conditions and extent and operation of the charge. |
The company created a Simple mortgage in respect of above properties as securities for repayment of amount due from Kalpataru Homes Limited for period of 6 months. Interest @ 10 % p.a. being 1.5 % below Syndicate Bank’s PLR / PTLR with monthly rests or at such other rates as may be prescribed by the bank from time to time . |
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5) Name and Address and description of the person entitled to the charge. |
Syndicate Bank Nariman Bhavan, Nariman Point Mumbai – 400021 |
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6) Date and brief description of instrument modifying the charge |
Dated 16.03.2004 Modification of simple mortgage deed. |
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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. |
At the request of the mortgage the mortgage has agreed to release the mortgage created in respect of flat No.368 of scheme no. VI of Sion Division No. VI Comrade Harbansial Marg, Next to Shanmukhanand Hall, SSS Nagar, Kings Circle, Mumbai – 400037 and take in lieu thereof Flat No. 16 of first floor of the same building having same saleable area. Except as stated above all other provision , power, terms and conditions stipulated in aforesaid simple mortgage deed and the schedule there to executed on 30.12.2003 by and between the parties will remain unaffected and continues to be binding on the mortgage. Save and except the above there is therefore no change in the amount of charge which stands secured at Rs. 300.000 Millions. |
As Per Web Details
Company Profile:
The embodiment of realisation beneath which one's every wish would be fulfilled. The resourceful tree of knowledge that has a significant presence in mythology. It is this tree that governs the functional and philosophical ideologies at The company , a synonym of the word Kalpavruksha.
Founded in 1969 by Mr. Mofatraj Munot, the first generation entrepreneur, The
company group has today forayed into
diverse arenas, setting unmatched benchmarks for quality and ingenuity in its
ambit of operation. Like the mythological tree, it has spread its roots far and
wide, encompassing the areas of Real Estate and Property Development, Property
Management, Power Transmission Towers, Plastic Processing, and Office Supplies.
The group's hallmark however is its flagship company - Kalpataru Properties
Private. Limited It was one of the largest Civil Contracting firms in the
Middle East, based in the UAE during the period 1974 - 1982, employing over
7,000 people.
Today, The Company has made a concrete presence in the world of lifestyle
construction through its innovative offerings of housing and commercial
complexes.
At The company, the focus is always on getting the basics right. That's why The
company hires only the finest of
professionals and sources only the most impeccable raw materials. Ensuring that
its philosophy of no compromise in quality is powered beyond the standard
norms. Most importantly, however, is the management's consistent effort to
reengineer its systems to remain in tandem with international standards. This
is quite evident in its resolution to follow ISO norms for its projects and
service functions.
With a battery of 800 dedicated professionals, 75 landmark constructions and
turnover of over USD 200 million, The company has made significant progress in
the construction industry.
Awards:
Best Residential
Property(1-10 Lakh sq. feet) - Awarded to Kalpataru Horizon (Worli) - at CNBC AWAAZ Crisil Real Estate
Awards 2007, on 17th August, 2007
Best
Organizational Structure - Awarded to Kalpataru Group –
at CNBC AWAAZ Crisil Real Estate Awards 2007, on 17th August, 2007
Project
of the year in Mumbai - Awarded to Kalpataru Horizon (Worli,
Mumbai) – at the 21st Annual Award for Excellence in Real Estate for the year
2006 by Accomodation Times, on 30th March, 2007
3rd
Prize (For Display of Class 17) Awarded to Kalpataru Properties Private.
Limited – Exhibition on Plants, Flowers, Fruits and
Vegetables held by Tree Authority and Brihanmumbai
Mahanagarpalika, from 22nd to 25th February, 2007
Commercial
project of the year in Mumbai - Awarded to Kalpataru Synergy(Santacruz, Mumbai) – at the 20th
Annual Award for Excellence in Real Estate for the year 2006 by Accomodation
Times
2nd
Prize (For Garden below 1 acre) – Exhibition and Competition held by Garden
Department, TMC from 11th to 13th February, 2005
For:
Calendars – Table Calendar for the year 2003
Awarded to: Kalpataru Construction
1st
Prize Class XXXX -Section B -Private gardens attached to Housing Societies
(Area between 2000 sq.mtrs. to 5000 sq.mtrs.)
i) S.Kumar L. Shah (Rolling Trophy)
ii) Tree Authority Prizes
(For Project Kalpataru Residency and Kalpataru Habitat)
1st Prize Class XXXVII - Section C - Gardens
maintained by Commercial Organisations (Area less than 2000 sq.mtrs.)
i) M/ s. Rock Gardens (Rolling Trophy)
ii) Tree Authority Prizes
(For Project Kalpataru Estate -Majaswadi -Site Office Garden)
2nd
Prize - Class XXXX - Section C -Private Gardens attached to Housing 8 Societies
(Area less than 2000 sq.mtrs.)
i) Tree Authority Prizes
(Project Karmakshetra Car Park Garden Area attached to Housing Societies)
Outstanding
Concrete Structure 1999-2000 - Awarded to Kalpataru Heights on
9th September, 2000 – by Indian Concrete Institute, Maharashtra Mumbai Centre
Construction Competence:
The concept of homes has now moved beyond the traditional
boundaries and evolved into an epitome of luxury. Today, it means much more than
the four walls; having an accent on rejuvenation of the mind, body and soul. It
is the dire need of this experience, which puts The Company into that cherished
niche - Lifestyle construction.
Today, The Company’s portfolio includes a range of individual as well as
corporate clients. It also has a strong institutional base, which is powered by
banks and large establishments. Its uniqueness comes from the fact that it also
customises the structures as per the unique needs of its Institutional clients.
The exquisitely designed complex of three 7-storeyed residential quarters for State Bank of India employees at
Mahim. The complex of 4 residential buildings at Boat Club Road, Pune for NABARD. And the 65,000 sq.ft.
commercial complex at Vakola for Asian
Paints. All are perfect example of its calibrated efforts towards
tailored convenience.
These apart, The company has been
associated with Bank of India, SEBI, Stock Holding Corporation of India
Limited, Union Bank of India, General Insurance Corporation Of India Ltd, Life
Insurance Corporation of India Limited, The New India Assurance Co. Limited,
Maharashtra Pollution Control Board, IDBI, ICICI and Maharashtra State Cotton
Growers Federation (Semi-Government).
The company’s unmatched expertise in constructing lifestyle residential and
commercial complexes is firmly backed by its commitment to innovation. No
wonder, every square feet of the company creation speaks volumes of its
capabilities in detailed planning and inimitable creativity. Giving you a home
that's perfectly ventilated and space saving and a lifestyle that's truly a
unique experience.
The company 's highlights, over the years, include the 33-storeyed 'Kshitij' at
Napean Sea Road, the 39 storeyed, "Kalpataru Heights" at Mumbai
Central and the sprawling 211 - acre "Srishti complex", complete with
a school, college and hospital, Kalpataru Residency at Sion, Kalpataru Habitat
at Parel, Kalpatar Horizon at Worli, Megapolis(Mall) at Thane, Kalpataru
Synergy at Santacruz. Among others, of course.
Subject EDGE
³ Kalpataru Habitat (Parel) - first of its kind to have an independent car parking building with sports facilities atop the building.
³ Kalpataru Horizon (Worli) - The 1st residential floor starts at the 14th level
³ Kalpataru Synergy (Santacruz) - 1st of its kind to have a triple basement.
³ Kalpataru's passion for innovation led to the construction of Kalpataru Heights, the tallest contribution to construction in Mumbai. This also helped it win the Best Concrete Award for the year 2000.
³ Being an ISO 9002 certified company since 1997, Kalpataru brings world-class standards into its constructions.
³ With a special thrust on quality systems and ERP, Kalpataru is one of its kind construction companies in India.
³ Kalpataru's residential projects are spread all over Mumbai, Thane and Pune, this enables homeseekers to chose from a wide-ranging option.
³ Kalpataru's vibrancy in designing and construction is evident from the fact that for over 10 years it had catered to the stringent demands of Middle East customers and is now an icon amongst equally discerning Indian customers.
³ All The company projects have unique designs that have an international touch. This is because The Company’s designing is powered by international expertise of agencies like RKTL International, USA.
³ Since space comes at a premium in Indian cities, all the company projects incorporate maximum design efficiency.
³ In its effort to make buying decisions easier for its customers, The Company introduced Show Flat concept for the first time in Mumbai.
³ With crimes increasing with each passing day, safety has become the foremost concern area at The Company. That's why all apartments constructed by The company provide for state-of-the-art security, safety and fire fighting systems.
³ The lead-time from the construction of a project to the formation of a cooperative society can be very high. To ensure that the property remains as good as new, The Company has created a special Property Management Cell. This cell maintains and manages property until the formation of the society and beyond if required.
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.39.37 |
|
UK Pound |
1 |
Rs.81.82 |
|
Euro |
1 |
Rs.56.83 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
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 |
|
47 |
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. |
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 |
|