MIRA
INFORM REPORT
|
Report Date : |
03.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
SOCCER INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Basti Sheikh Road, Jalandhar - 144 002, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
24.12.1976 |
|
|
|
|
Com. Reg. No.: |
3710 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909PB1976PTC003710 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
JLDS00319E JLDS01145E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCS4603G |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacturer of Sport goods like foot-balls, volley balls, Shin Guards, Sports Bags, Shoes. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track records. Directors are reported as experienced, respectable and resourceful businessmen. Their trade relations are fair. Financial position is good. Payments are usually correct and as per commitments. The company can be considered good for normal business
dealings at usual trade terms. |
LOCATIONS
|
Registered Office : |
Basti Sheikh Road, Jalandhar - 144 002, Punjab, India. |
|
Tel. No.: |
91-181-253184/ 5011806 / |
|
Mobile No.: |
91-9878062545 |
|
Fax No.: |
91-181-2206932 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1,10,000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Jalandhar Road, Near Model house, Jalandhar – 144002, Punjab |
|
Tel. No.: |
91-181-2463297 |
|
Fax No.: |
91-181-2274828 |
|
Area : |
34000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
394 – P, Leather Complex, Jalandhar – 144002, Punjab |
|
Tel. No.: |
91-181-5028765 |
|
Area : |
15000 Sq. ft. |
|
Location : |
Owned |
|
|
|
DIRECTORS
|
Name : |
Mr. Vikas Gupta |
|
Designation : |
Managing Director |
|
Address : |
90, New Jawahar Nagar, 139, Vijay Nagar, Jalandhar – 144002, Punjab |
|
Date of Birth/Age : |
38 Years |
|
Qualification : |
Graduate |
|
Experience : |
17 Years |
|
|
|
|
Name : |
Mr. Vishal Gupta |
|
Designation : |
Director |
|
Address : |
90, New Jawahar Nagar, 139, Vijay Nagar, Jalandhar – 144002, Punjab |
|
Date of Birth/Age : |
35 Years |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
|
Date of Appointment : |
|
|
|
|
|
Name : |
Mr. Vinod Mahajan |
|
Designation : |
Director |
|
Address : |
139, Vijay Nagar, Jalandhar – 144002, Punjab |
|
Date of Birth/Age : |
51 Years |
|
Qualification : |
Graduate |
|
Experience : |
27 Years |
|
|
|
|
Name : |
Smt. Namita Gupta |
|
Designation : |
Director |
|
Address : |
90, New Jawahar Nagar, 139, Vijay Nagar, Jalandhar – 144002, Punjab |
|
Date of Birth/Age : |
61 Years |
|
Qualification : |
Graduate |
|
Experience : |
20 Years |
|
|
|
|
Name : |
Mr. C. L. Mahajan |
|
Designation : |
Director |
|
Address : |
139, Vijay Nagar, Jalandhar – 144002, Punjab |
|
Date of Birth/Age : |
73 Years |
|
Qualification : |
Graduate |
|
Experience : |
31 Years |
|
|
|
|
Name : |
Smt. Sunita Mahajan |
|
Designation : |
Director |
|
Address : |
139, Vijay Nagar, Jalandhar – 144002, Punjab |
|
Date of Birth/Age : |
47 Years |
|
Qualification : |
Graduate |
|
Experience : |
12 Years |
|
|
|
|
Name : |
Smt. Krishna Wadhera |
|
Designation : |
Director |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Mrs. Namita Gupta |
|
14278 |
|
Mr. Vikas Gupta |
|
14277 |
|
Mr. Vishal Gupta |
|
14277 |
|
Mrs. Krishna Madhera |
|
14344 |
|
Mr. C. L. Mahajan |
|
20416 |
|
Mr. Vinod Mahajan |
|
20616 |
|
Mr. Nikhil Mahajan |
|
1800 |
|
Total |
|
100008 |
|
|
|
|
|
|
|
|
|
Equity Share
Break up |
|
Percentage of
Holding |
|
|
|
|
|
Directors or Relatives of Directors |
|
100 % |
|
Total |
|
100
% |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sport goods like foot-balls, volley balls, Shin Guards, Sports Bags, Shoes. |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
|
|
Products : |
Inflatable Balls, Shin Guard, Bags |
|
Countries : |
U.K., Spain, Germany, Australia, Italy, France and Mexico |
|
Trade Reference : |
|
|
|
|
|
Imports : |
|
|
Products : |
Rubber Balls, Fitness Equipment / Accessories, Badminton, Tennis
Racket, Table Tennis |
|
Countries : |
China , Japan, Taiwan |
|
Trade Reference : |
|
|
|
|
|
Terms : |
|
|
Selling : |
All Terms |
|
|
|
|
Purchasing : |
All Terms |
PRODUCTION STATUS
|
Particulars |
|
|
|
Actual
Production |
|
Inflatable Balls |
|
|
|
2.500 millions P.A. |
|
Shin Guard |
|
|
|
1.500 millions
PRS P.A. |
|
Bags |
|
|
|
0.060 million
Pcs P.A. |
GENERAL
INFORMATION
|
Customers : |
Wholesaler, Retailer, OEMs |
|
|
|
|
No. of Employees : |
246 (In Office 70 + In Factory
176 ) |
|
|
|
|
Bankers : |
Bank of India Jalandhar Overseas Branch, 89 Bhagwan Mahavir Marg, Jalandhar – 144 001 |
|
|
|
|
Facilities : |
L/C Import Rs. 40.000 millions |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Anand and Anand Chartered Accountants |
|
Address : |
G. T. Road, Jalandhar –144001 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,25,000 |
Equity Shares |
Rs.100/- each |
Rs. 12.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,00,008 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
118.600 |
117.000 |
115.166 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
128.600 |
127.000 |
125.166 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
88.900 |
80.000 |
59.994 |
|
|
2] Unsecured Loans |
2.000 |
9.100 |
6.371 |
|
|
TOTAL BORROWING |
90.900 |
89.100 |
66.365 |
|
|
DEFERRED TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
219.500 |
216.100 |
191.531 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
68.900 |
69.300 |
69.743 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
94.200 |
100.600 |
78.316 |
|
|
Sundry Debtors |
76.100 |
75.800 |
78.124 |
|
|
Cash & Bank Balances |
8.500 |
8.300 |
1.060 |
|
|
Other Current Assets |
0.000 |
0.000 |
6.963 |
|
|
Loans & Advances |
21.400 |
22.400 |
5.607 |
|
Total
Current Assets |
200.200 |
207.100 |
170.070 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
57.600 |
73.600
|
45.559 |
|
|
Provisions |
8.800 |
7.900 |
2.723 |
|
Total
Current Liabilities |
66.400 |
81.500 |
48.282 |
|
|
Net Current Assets |
133.800 |
125.600 |
121.788 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
16.800 |
21.200 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
219.500 |
216.100 |
191.531 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
423.600 |
393.300 |
456.265 |
|
|
Other Income |
0.600 |
1.200 |
7.369 |
|
|
Total Income |
424.200 |
394.500 |
463.634 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
14.200 |
13.000 |
394.068 |
|
|
Provision for Taxation |
12.600 |
11.200 |
62.197 |
|
|
Profit/(Loss) After Tax |
1.600 |
1.800 |
456.265 |
|
|
|
|
|
|
|
|
Export Value |
270.800 |
304.100 |
606.045 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
63.400 |
329.800 |
0.000 |
|
|
Capital Goods |
0.000 |
1.700 |
0.000 |
|
|
Administrative Expenses |
42.600 |
38.200 |
11.313 |
|
|
Raw Material Consumed |
63.400 |
43.700 |
0.000 |
|
|
Interest |
7.600 |
5.400 |
4.492 |
|
|
Depreciation & Amortization |
8.400 |
8.100 |
0.000 |
|
|
Other Expenditure |
0.000 |
0.000 |
56.582 |
|
Total Expenditure |
185.400 |
426.900 |
72.387 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
0.37
|
0.45
|
98.41 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.35
|
3.30
|
86.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.02
|
4.70
|
164.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.10
|
3.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.05
|
1.34
|
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.01
|
2.54
|
3.52 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFERENCES :
Contact Person Email Id
- Mitre Sports U.K. Duncan Anderson Danderson@pentalen.com
- UHLSPORT, Germany Rothfelder prothfelder@uhlsport.de
- Wilson Sports, USA Alan Davenport alan.davenport@wilson.com
Form 8
|
Corporate
identity number (CIN) Foreign company registration number |
U51909PB1976PTC003710 |
|
Name of the
Company |
SOCCER INTERNATIONAL LIMITED |
|
Address |
Basti Sheikh Road, Jalandhar - 144 002, Punjab |
|
This form is for |
Modification of
Charge |
|
Type of Charge |
Immovable
Property Others : Plant
and Machinery and Other Fixed Assets |
|
Particulars of
the charge holder |
Bank of India Jalandhar
Overseas Branch, Bhagvan Mahavir Marg, Jalandhar, Punjab – 144001 Email Id : boijalova@yahoo.com |
|
Nature of
Description of the instrument creating or modifying the charge |
Continuing oral
assent dated 02.07.2007 of properties in the name of Soccer
International Private Limited situated
at basti Sheikh Road, Jalandhar already mortgaged in the account to cover
enhanced limits. Creation of
equitable mortgage of property in the name of Soccer International Private
Limited situated at Plot No. 394 – P, PSIES Industrial Estate, Leather Complex,
Jalandhar, covering fresh term loan and existing various limits. |
|
Amount secured by
the charge |
Rs.392.500
millions |
|
Brief of the
principal terms and conditions |
1. Rate of Interest
: -EPC upto 180 days @ 9.50 %, 180 to 270 @ days 13.50 %, beyond 270 days @
3.50 % over BOIPLR min. 16.75 % with monthly rests. -FBN/ FBP DA / DP
for Transit Period upto 90 days to 6
months @ 13 % beyond 6 months 3.50 % over BOIPLR minimum 16.75 % with monthly
rests. CC / Term loan @
2.25 % below BOIPLR minimum 11 % with monthly rests. L.C / Bank
guarantee – commission / charges as per banks guidelines. 2. Term of
Repayment : CC / EPC / FBP / FBN / LC/ guarantee payable on demand Term Loan
Repayable in 72 monthly Installments. 3. Margin : EPC 25 % C/C 30 % L/C 15 % T/L 25 % Bank Guarantee 15
% 4. Extent and
Operation of the Charge : 100 % 5. |
|
Short particular
of the property charged |
-As Detailed continuing oral assent dated 02.07.2007
equitable mortgage of property
situated at basti Sheikh Road, Jalandhar registered in the name of the
company through various deeds as security for revised limits granted to the
company and also the fresh term loan -As Detailed
continuing oral assent dated 02.07.2007 equitable mortgage of property
situated at Plot No. 394 – P, PSIES Industrial Estate, Leather Complex,
Jalandhar, registered in the name of the company through various deeds as
security for revised limits granted to the company |
|
Particular of the
present modification |
The Bank has
revised the accountant with enhanced limit in particular fresh term loan of
Rs.10.000 millions and other on same term i.e. FBP Rs. 18.000 millions, FBN
Rs.18.000 millions, cc book debt Rs. 27.500 millions, EPC Rs.45.000 millions,
L /C Rs.45.000 millions, guarantee issued limit Rs.2.500 millions, forward
contract Rs.250.000 millions Aggregate of all limits Rs.392.500 millions |
|
|
|
|
Name of the company |
SOCCER INTERNATIONAL LIMITED |
|
Presented By |
Shri Vinod
Mahajan – Director |
|
1) Date and description of instrument creating the change |
1. principal
agreement of hypothecation of tangible movable property dated 09.07.1997
executed by the company in favour bank and registered on 22.08.1997 2. Supplementary
deed of hypothecation dated 11.08.2000 registered on 24.08.2000 3. Supplementary
deed of hypothecation dated 30.04.2001 registered on 16.05.2001 4. Supplementary
deed of hypothecation dated 26.06.2003 registered on 19.07.2003 3. Supplementary
deed of hypothecation dated 10.05.2005 registered on 13.06.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.88.750
millions, comprising Rs.70.000 millions in EPC limit and Rs.18.750 millions
in LC – DA limit. |
|
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 |
All tangible
movable assets of the company including in particulars all stocks of raw
material such as leather rubber sheets, PVC, clothes, bladders, latex and
finished goods such as footballs, rugby balls, leathers garments, cricket,
stores spares parts, chemicals, furniture etc wherever situated and / or in
transit. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
First charged by
way of hypothecation of tangible movable assets mentioned in item no. 3 and
such assets of the nature described in item No. 3 as are / or may at any time
be in possession or power of the company to secure a export packing credit
limit of Rs.70.000 millions and LC-DA limit of Rs.18.750 millions maximum
these Rs88.750 millions together with interest as per Reserve Bank of India
rules from time to time with monthly rests or at such other rates as may be
notified to the company by the bank form time to time with powers to the bank
to seize and realize. Presently interest upto 180 days 4 % below BPLR min.
6.75 % p.a., beyond 180 days to 270 days 0.50% over BPLR min. 11.25 % p.a.
beyond 270 days to 4% over BPLR min. 14.75 % p.a. with monthly rests
repayable on demand. |
|
5) Name and Address and description of the person entitled to the charge. |
Bank of India Jalandhar
Overseas Branch, 89 Bhagwan Mahavir Marg, Jalandhar – 144 001 |
|
6) Date and brief description of instrument modifying the charge |
Instrument of
modification of hypothecation of stocks dated 08.08.2005 in favour of Bank of
India modifying the charge from Rs.88.750 millions to Rs. 90.000 millions
compromising Rs. 70.000 millions in Export packing credit limit and Rs.20.000
in L/C DA limit. |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The Bank has
granted to the company an additional limit of Rs.1.250 millions in L/C DA
limit thereby increasing the limit to export packing credit limit Rs.70.000
millions and L/C DA limit Rs.20.000 millions total Rs.90.000 millions export
packing credit carries interest @ upto 180 days to 270 days 0.50% over BPLR
min. 11.25 % p.a. beyond 270 days to 4% over BPLR min. 14.75 % p.a. with
monthly rests and interest on bills under L /C (D/A) limit shall be 1 % over
BPLR min. 11.75% p.a. with monthly rests or as per Reserve Bank of India
rules from time to time for packing credit or the rate notified to the
company by the bank from time to time repayable on demand. Other terms aand
conditions remain the same. |
BUSINESS:
The company manufacture premium quality
hand-stitched professional inflatable balls, soccer shin pads, soccer goal
keeper gloves and soccer bags. Their
product list also includes quality boxing and cricket equipment and a
host of other related products. They
have a range of balls in different categories.
Their skilled and dedicated professionals, numbering about 3200 have
established them as a reliable name in both the domestic and international
market. They have a large clientele in UK, Germany, U.S.A., and Australia.
They were the first in India to
introduce a range of shin guards to match international standards. Their products have been launched under the brand
name of VECTOR X in India.
An
ISO 9002 accredited company and winner of the National award for Exports our company assures
best after-sales service and excellent customer relationship. We believe in
business with principles. They are one
of the founder members of 'Sports Goods Foundation of India' an organisation
commited to 'Prevention of
Child Labour'. To prevent child labour in the industry, our
company co-ordinates with various international organizations and NGO’s. They
are the sustaining member and also active partner of WFSGI since 1998.
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 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
63 |
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 |
|