MIRA
INFORM REPORT
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Report Date : |
15.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
GURIND INDIA PRIVATE LIMITED |
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Registered Office : |
60 Janpath, New Delhi - 110001 |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
15.01.1987 |
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Com. Reg. No.: |
55-26690 |
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CIN No.: [Company
Identification No.] |
U74899DL1987PTC026690 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELG06515F |
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PAN No.: [Permanent
Account No.] |
AAACG0769K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers and Exporters of Glass Products |
RATING &
COMMENTS
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MIRAs 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 162092 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established 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 / Corporate Office : |
60, Janpath, New
Delhi -110001 |
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Tel. No.: |
91-22-23320774
/ 23322987/ 23324907 |
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Fax No.: |
91-22-23329084 |
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E-Mail : |
janpath@gurindglass.com |
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Website : |
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Location : |
Commercial |
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Marketing
Office / Product Display: |
D-172, Okhla Industrial
Area, Phase-l, New Delhi-110020 |
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Tel. No.: |
91-22-26812011 /
26818876 / 26810687 / 26819009 |
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Fax No.: |
91-22-26810683 |
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E-Mail : |
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Area : |
30000 sq. fts. (Owned) |
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Location : |
Industrial |
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Factory 1 : |
W-34, 35, 36,
Sector-XI, Noida Distt, Gautambudh Nagar (U.P.) |
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Tel. No.: |
91-22-2551364,
2554218,2535659,5335830 |
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Fax No.: |
91-22-2555275 |
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E-Mail : |
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Area : |
20000 sq. fts. (Owned) |
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Location : |
Industrial |
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Branches: |
Delhi Branch Calcutta Branch Fax No. :91-33 2475491 |
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Location : |
Commercial |
DIRECTORS
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Name : |
Mr. S. Gurmeet Singh |
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Designation : |
Managing Director |
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Address : |
R-14, Nehru Enclave, Delhi 110 019 |
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Date of Birth/Age : |
09.08.1960 |
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Date of Appointment : |
15.01.1987 |
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Name : |
Ms. Arti Singh |
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Designation : |
Director |
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Address : |
R-14, Nehru Enclave, Delhi 110 019 |
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Date of Birth/Age : |
10.05.1960 |
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Date of Appointment : |
15.01.1987 |
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Name : |
Mr. Jogesh Kumar |
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Designation : |
Director |
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Address : |
J -190, Rajouri Garden, New Delhi |
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Date of Appointment : |
15.01.1987 |
KEY EXECUTIVES
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Name : |
H. J. and Company |
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Designation : |
Company Secretary |
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Address : |
G 221, Nanakpura, New Delhi - 110021 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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As on 31.03.2004:- |
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Mr. S. Gurmeet Singh |
1300 |
50.00% |
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Ms. Arti Singh |
1250 |
5.00% |
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Mr. S. Jogesh Kumar |
250 |
1.00% |
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Ms. Rekha Singh |
3500 |
13.00% |
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Master Khan Singh |
3500 |
13.00% |
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Mr. Sawant Singh |
2000 |
8.00% |
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Satwant Singh |
500 |
2.00% |
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Shankuntala Vashdeve |
2000 |
8.00% |
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TOTAL |
14300 |
100.00% |
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 |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Glass Products |
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Products : |
Architectural
Glass ·
Insulating Glass ·
Toughened Glass ·
Heat Strengthened Glass ·
Glass Bricks Mirrors ·
Float Mirror ·
Antique Mirror ·
Bevelled Mirror ·
Decorative Framed Mirror ·
Prismatic Mirror Table
Tops/Tables Etched Glass ·
Grooved Glass ·
Bend Glass Export
Products ·
Decorative Mirrors ·
Ornamental ·
Coloured Mirror Borders ·
Plain Mirror Borders ·
Antique Mirror Borders ·
Screen Printed ·
Grooved Photo
Frames ·
Bend ·
Colored ·
Etched ·
Glass to Glass ·
Edged ·
Mirrored Platters/Bowls ·
Various shapes in Plain design and textured design Table
Tops ·
Various shapes in Beveled, Pencil/Flat edged and O.G. Edge Miscellaneous
Items ·
Clocks ·
Candle Stands ·
Incense Stick Stands ·
Flowers Vases ·
Napkin Holders ·
Ash Trays |
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Exports : |
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Countries : |
USA, UK, Australia, Sri Lanka |
GENERAL
INFORMATION
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Customers : |
·
Indira Gandhi International Airport ·
American Embassy, New Delhi ·
Indira Gandhi Memorial Trust ·
British High Commission, New Delhi ·
D.L.F. Centre, New Delhi ·
Greece Embassy, New Delhi ·
Jawahar Bhawan ·
Qutar Embassy, New Delhi ·
Grindlays Bank, New Delhi ·
Brazil Embassy, New Delhi ·
Apollo Hospital, New Delhi ·
Jindal Strips Ltd., New Delhi ·
Charamwood, Faridabad ·
Oberoi, New Delhi ·
Allied Signal, Gurgaon ·
Royale Manor, Ahmedabad ·
Fortis Hospital, Mohali |
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No. of Employees : |
280 |
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Bankers : |
Address: 54, Janapath, New Delhi- 110 001 Email ID: sanjuprofessional@gmail.com |
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Facilities : |
The subject is enjoying the following facilities with Bank of India: · Packing Credit · Cash Credit |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Singhalmatta and Company Chartered Accountants |
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Address : |
B-21, Lajpath Nagar 1, New Delhi- 110024 |
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Tel. No.: |
91-11-29810849/29818588 |
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E-Mail : |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000000 |
Equity shares |
Rs. 10/- each |
Rs. 10.000 millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
780000 |
Equity shares |
Rs. 10/-
each |
Rs. 7.800
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
7.800 |
2.600 |
2.600 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
32.723 |
32.197 |
26.539 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
40.523 |
34.797 |
29.139 |
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LOAN FUNDS |
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1] Secured Loans |
41.416 |
21.735 |
23.548 |
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2] Unsecured Loans |
10.870 |
25.330 |
26.586 |
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TOTAL BORROWING |
52.286 |
47.065 |
50.134 |
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DEFERRED TAX LIABILITIES |
5.531 |
5.495 |
0.000 |
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TOTAL |
98.340 |
87.357 |
79.273 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
45.091 |
42.093 |
42.459 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
1.167 |
0.018 |
0.018 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
27.001
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25.425 |
24.338 |
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Sundry Debtors |
31.658
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25.662 |
25.123 |
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Cash & Bank Balances |
8.869
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8.828 |
2.406 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
21.584
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11.602 |
11.102 |
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Total
Current Assets |
89.112
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71.517 |
62.969 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
33.654
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23.792 |
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Provisions |
3.376
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2.479 |
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Total
Current Liabilities |
37.030
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26.271 |
26.173 |
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Net Current Assets |
52.082
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45.246 |
36.796 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
98.340 |
87.357 |
79.273 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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31.03.2004 |
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Sales Turnover |
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103.481 |
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Other Income |
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0.000 |
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Total Income |
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103.481 |
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Profit/(Loss) Before Tax |
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6.802 |
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Provision for Taxation |
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5.700 |
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Profit/(Loss) After Tax |
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1.102 |
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Total Expenditure |
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96.679 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
31.03.2005 |
31.03.2004 |
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PAT / Total Income |
(%) |
NA
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NA |
1.06 |
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Net Profit Margin (PBT/Sales) |
(%) |
NA
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NA |
6.60 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA
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NA |
6.45 |
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Return on Investment (ROI) (PBT/Networth) |
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NA
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NA |
0.23 |
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Debt Equity Ratio (Total Liability/Networth) |
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2.20
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2.10 |
2.62 |
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Current Ratio (Current Asset/Current Liability) |
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2.40
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2.72 |
2.41 |
LOCAL AGENCY
FURTHER INFORMATION
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Corporation identity number or foreign company registrations number of
the company |
U74899DL1987PTC026690 |
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Name of the company |
GURIND INDIA PRIVATE LIMITED |
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Address |
60, Janpath, New
Delhi -110001 |
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This Form is for |
Modification of charge |
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Type of Charges |
Others |
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Particular of the charge holder
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Bank of India Address: 54 Janpath, New Delhi 110 001 Email ID: sanjuprofessional@gmail.com |
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Nature or description of the instrument creating charge |
Seventh supplemental Deed of hypothecation
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Date of the instrument creating charge |
02.02.2007 |
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Amount Secure by the charge |
Rs. 83.400 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate of Interest: On term Loans and cash credit stock and book debts 1.25% below the
BPLR presently effective @ 10.25% p.a on monthly rest (s) or such other rate
(s) specified by the bank from time to time Packing credit /FBN/IBN DA/DP extent guideline for export finance FCL -250 BPS over six months libor (all inclusive) at monthly +
Forward Cover. Term of repayment: Term loan will be repaid as per exiting terms and condition Working capital on demand FCL- Rollover every six month Margin: Term loan Cash credit -25% PCL-15% FBN-NIL FCL-25% LC-10% BG-10% Extent and operation of
charge Hypothecation of all the stocks of the borrower present and future All those movable specified in the principal deed of hypothecation
with effect from 02.02.2007 constitute security to the bank not only for
existing fund based and non Fund based Limits but also for above mentioned
additional / revised fund based / non fund Based facilities and the principal deed of hypothecation
shall be read and constructed. |
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Shorts particulars of the
Property charged |
All the borrowers stock lying, stored in the
factory premises, Godown, or anywhere else including those in transit. |
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Particulars of the present modification |
Total credit facilities enhanced from Rs.
78.500 millions. The details of limit per annexure A |
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Name of the
company |
GURING INDIA PRIVATE LIMITED |
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Presented by |
Bank of India,
54 Janpath New Delhi |
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1) Date and
description of instrument creating the change |
No documents Charge created on
14.02.1991 Regd. On 10.08.1993 |
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2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 4.100 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
in favour of bank by deposit of title deed of the company immovable property
consisting of land and building fixed machinery and plant , fixtures and
fitting (both present and future) situated at W -35, sec XI Noida (UP) |
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4) Gist of the
terms and conditions and extent and operation of the charge. |
First charge by way of equitable mortgage
of the assets as mentioned in item 3 above |
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5) Name and
Address and description of the person entitled to the charge. |
Bank of India, 54 Janpath, New Delhi |
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6) Date and brief description of instrument
modifying the charge |
No documents
(oral Assent) dated 08.09.2005 to modify the limits, Term loan as mentioned
in column No. 7 Previously modified
on 10.05.1991 regd. On 10.08.1993 to also secure additional letter of credit
(foreign DP/ DA) limit of Rs. 1.300 millions
raising the aggregate borrowing and non borrowing limit to Rs. 5.250
millions Further modified
on 1.61.021992 regd. On 10.08.1993 to also secure additional letter of credit
(foreign DP /DA) limit of Rs. 1.500 millions thereby raising the aggregate
limits from Rs. 5.250 millions to Rs. 6.750 millions Further modified
on 13.054.1993 and regd on 120.08.1993 to secure additional credit limit of
rs. 3.100 millions of letter of credit (foreign). Thereby raising the
aggregate limits from Rs. 6.7500 millions to Rs. 9.850 millions Further modified
on 24.07.1993 to secure additional Bank guarantee limit of Rs. 0.280
millions thereby raising the
aggregate limit from Rs. 9.850 to Rs. 10.130 millions Further modified
on 24.07.1993 and regd. On 27.08.1993 to enhance the total limits from Rs.
10.130 millions to Rs. 19.280 millions as per details. Further modified
on 05.11.1993 and regd. On 17.01.1994 to enhance the total limits from Rs.
19.280 millions to Rs. 19.708 millions as per details Further modified
on 03.08.1995 and regd. On 22.11.1995 to reduce the total limits from Rs.
19.708 millions to Rs. 18.763 millions as per details vide annexure III Further modified
on 22.03.1996 and regd. On 16.05.1996 to enhance the total limits from Rs.
19.763 millions to Rs. 22.263 millions as per details Annexure IV Further modified
on 12.04.1997 and regd. On 15.05.1997 to reduce the total limits from Rs.
22.263 millions to Rs,. 17.378 millions Further modified
on 26.11.2001 and regd. On 24.1.22001 to enhance the total limits from Rs.
17.378 millions to Rs. 34.500 millions as per details vide annexure V Further modified
on 26.03.2003 and regd. On 27.03.2003 to create IInd charge on the above
assets in favour of UP financial corp 14/88 Civil lines Kanpur to secure
interest free loan of trade loans of Rs. 5.800 millions Further modified
on 19.03.2004 to create second charge on the above assets in favour of UP
financial corp. 14/88 Civil Lines
Kanpur stands enhanced from Rs. 5.800 millions to Rs. 7.665 millions on
account of additional UPFC trade tax loan of Rs. 1.865 millions Further modified
on 25.06.2004 regd. On 21.07.2004 to secure the Fund based limits, terms
loans, Non Fund based limits as mentioned in column No. 7. |
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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.
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The limit are
enhanced as per details below:-
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WEBSITE DETAILS:
Subjects are market leaders for a variety of processed glass products
and have the largest facilities for beveling in India. They have the largest
range of products which are processed on state-of-the art imported equipment
including CNC Machines.
Their products have been used at the most prestigious locations. They
have an All India dealer network with an office at Calcutta. The total number
of employees are over 300 which includes skilled Work Force, Engineers and
Management Personnel. Their products are being regularly exported to U.S.A,
U.K., Australia, Sri Lanka etc. and have a wide acceptability in the
International Market
The company sales, Manufacturing Division at Okhla was established in
1986 and has covered area exceeding 30,000 Sq. Ft including a Showroom where
the entire range is on display. This unit is engaged in manufacturing custom
made glass products and have been credited with introducing number of products
for the first time in the Indian Market and has also featured in Television on
National Network, for 15 minutes in programme "HAMMARE KAMGAR HAMMARE
UDYOG" translated in English as "THEIR WORKERS THEIR INDUSTRY"
and subsequently also featured in 'INDIAN BUSINESS REPORT" on B.B.C.
Subject at Noida started its operation in March 1990. The present
covered are exceeds 50,000 Sq. ft. This is the most Modern and Fully mechanised
unit with latest machines equipped with hoist cranes and goods elevator for
efficient material handling and producing bulk quantities of selective Glass
products with a in-house laboratory for Quality Control + R and D.
Subject offers you a wide range of products like Mirrors,
Decorative glass, Architectural glass, and Export Products. Gurind the name
itself suggests that you will get the best quality products
Dealers such as:-
North Region
·
Jammu
·
Amritsar
·
Jalandhar
·
Ludhiana
·
Patiala
·
Chandigarh
·
Punchkula
·
Gurgaon
·
Faridabad
·
Noida
·
Ghaziabad
·
Moradabad
·
Kanpur
·
Lucknow
·
Varanasi
·
Allahabad
·
New Delhi
·
Phagwara
·
Dehradun
·
Gwalior
·
Jaipur
·
South Region
·
Chennai
·
Hyderabad
·
Bangalore
·
Trivandrum
·
Coimbatore
West Region
·
Mumbai
·
Surat
·
Ahmedabad
·
Vadodara
·
Anand
East Region
·
Patna
·
Gauhati
·
Calcutta
·
Bhubaneshwar
·
Ranchi
Some of their
esteemed clients and prestigious projects
Corporate
·
Indira Gandhi International Airport
·
Indira Gandhi Memorial Trust
·
D.L.F. Centre, New Delhi
·
Jawahar Bhawan
·
Grindlays Bank, New Delhi
·
Apollo Hospital, New Delhi
·
Jindal Strips Limited, New Delhi
·
Charamwood, Faridabad
·
Allied Signal, Gurgaon
·
Fortis Hospital, Mohali
·
Maruti Udyog Limited
·
Hyundai
·
Telco
·
Unitech Limited
·
Motorola
Hotels
·
Grand Hayatt Delhi
·
Hotel Park, New Delhi
·
Hotel Park Royal, New Delhi
·
Hotel Ashoka, New Delhi
·
Hotel Le Meridien, New Delhi
·
Hotel Hyatt Regency, New Delhi
·
Hotel Sidhartha, New Delhi
·
Hotel Vasant Continental, New Delhi
·
Hotel Radisson , New Delhi/Jalandhar
·
Marwar Hotels Limited, Jodhpur
·
Hotel Intercontinental, New Delhi/Srinagar
·
Majestic Hotel, Ludhiana
·
Hotel Clarks Shiraz, Agra
·
Hotel Clarks Avadh, Lucknow
·
Hotel Soaltee, Kathmandu
·
Hotel Malla, Kathmandu
·
Hotel Yak + Yeti, Kathmandu
·
Hotel Annapurna, Kathmandu
·
Hotel Oriental, Kathmandu
·
Jaypeehotel, Agra
·
Hotel Grand Kakatiya,
Embassy
·
American Embassy, New Delhi
·
British High Commission, New Delhi
·
Greece Embassy, New Delhi
·
Qutar Embassy, New Delhi
·
Brazil Embassy, New Delhi
Oberoi Group Of Hotels
·
Oberoi, New Delhi
·
Royale Manor, Ahmedabad
·
Oberoi, Jaipur
·
Oberoi Maidens, Delhi
·
Oberoi , Shimla
·
The Trident, Jaipur
Taj Group Of Hotels
·
Taj Mahal, New Delhi
·
Taj Palace, New Delhi
·
Taj Bengal, Calcutta
·
Taj View, Agra
·
Taj Residency, Cochin
·
Taj Lucknow
·
Taj Coromandal, Madras
·
Taj West End, Bangalore
·
Connemara, Madras
·
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Welcome Group Of Hotels
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Itc- Maurya Sheraton, New Delhi
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Mughal Sheraton, Agra
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Itc - Park Sheraton Hotel and Towers, Chennai
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Rajputana Palace, Jaipur
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Srinivas Resorts, Hyderabad
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Windsor Manor, Bangalore
India's largest
decorative mirror and glass product manufacturer and export offers :
Decorative
Mirrors :
Ornamental
Coloured Mirror Borders
Plain Mirror Borders
Antique Mirror Borders
Screen Printed
Grooved
Photo
Frames :
Bend
Colored
Etched
Glass to Glass
Edged
Mirrored
Platters/Bowls
:
Various shapes in Plain design and textured design.
Table
Tops :
Various shapes in Beveled, Pencil / Flat edged and O.G. edge.
Misc. Items :
Clocks
Candle Stands
Coasters
Incense Stick Stands
Flowers Vases
Napkin Holders
Ash Trays
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 Intl
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 companys 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.39.35 |
|
UK Pound |
1 |
Rs.80.52 |
|
Euro |
1 |
Rs.57.56 |
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
This score serves as a reference to assess SCs 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 |
|