MIRA
INFORM REPORT
|
Report Date : |
15.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
HIND HIGH VACUUM COMPANY PRIVATE LIMITED |
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Formerly Known As : |
HINDHIVAC PRIVATE
LIMITED |
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Registered Office : |
Site No. 17,
Phase – I, Peenya Industrial Area, Bangalore – 560059, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
26.03.2001 |
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Com. Reg. No.: |
08-28817 |
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CIN No.: [Company
Identification No.] |
U29120KA2001PTC028817 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRH00126A |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Manufacturers,
Importers, Exporters, Trader and Dealers in all kinds vacuum systems,
equipment, pumps, components and accessories. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
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 480000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established company having satisfactory track.
Director are reported as experienced, respectable and having satisfactory
means of their own. Their trade relations are fair. Payments are usually
correct and as per commitments. The company can be considered good for normal business dealings at
usual trade terms and conditions. |
LOCATIONS
|
Registered Office / Factory
: |
Site No. 17, Phase 1, Peenya Industrial Area, Bangalore- 560 058, India. |
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Tel. No.: |
91-80-41931000
/ 28394615 |
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Fax No.: |
91-80 2839
4874 |
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E-Mail : |
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Website : |
DIRECTORS
|
Name : |
Mr. Sakhamuri
Venkata Narasaiah |
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Designation : |
Chairman |
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Address : |
No. 16, 3rd
Main Road, Jayamahal Extension, Bangalore – 560046, Karnataka, India |
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Date of Birth/Age : |
26.09.2001 |
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Date of Appointment : |
26.03.2001 |
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Election Commission Identity Card
No.: |
KT/12/087/288291 |
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Name : |
Mr. Sakhamuri
Prasanth |
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Designation : |
Managing Director
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Address : |
No. 272, 4th
Cross, 80 Feet Road, RMV II Stage, II Block, Bangalore – 560094, Karnataka,
India |
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Date of Birth/Age : |
10.04.1963 |
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Date of Appointment : |
26.03.2001 |
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Election Commission Identity Card No.: |
KT/12/087/288295 |
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Name : |
Mr. Nagarjun
Sakhamuri |
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Designation : |
Director |
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Address : |
No. 284, 4th
Cross, 80 Feet Road, RMV II Stage, II Block, Bangalore – 560094, Karnataka,
India |
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Date of Birth/Age : |
09.05.1957 |
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Date of Appointment : |
01.08.2005 |
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Election Commission Identity Card
No.: |
KT/12/087/288293 |
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Name : |
Mr. Vegasena Kasi
Viswanath Raju |
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Designation : |
Director –
Technical |
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Address : |
No. 745/16, 9th
Cross MRCR, Vijaynagar, Bangalore – 560040, Karnataka, India |
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Date of Birth/Age : |
01.08.1942 |
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Date of Appointment : |
01.08.2003 |
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Election Commission Identity Card
No.: |
KT/13/080/0051393 |
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Name : |
Mr. Nimmagadda
Jagadeeswara Babu |
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Designation : |
Whole Time
Director |
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Address : |
No. 53, II Cross,
NTI Layout, Vidyaranyapura, Bangalore – 560064, Karnataka, India |
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Date of Birth/Age : |
01.06.1944 |
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Date of Appointment : |
01.08.2005 |
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Name : |
Mr. Balaji
Srinivas |
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Designation : |
Director |
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Address : |
L31, Diamond
District, Airport Road, Bangalore – 560008, Karnataka, India |
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Date of Birth/Age : |
06.07.1966 |
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Date of Appointment : |
15.09.2006 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders (as on 31.03.2007) |
|
No. of Shares |
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Mr. S V Narasaiah |
|
479194 |
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Mrs. S Sarojini Devi |
|
469601 |
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Mrs. A Leelavati |
|
446457 |
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Mr. Nagarjun Sakhamuri |
|
368565 |
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Mrs. Geetha Ramnai |
|
86636 |
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Mr. S Prasanth |
|
403309 |
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Mrs. S Padmaja |
|
47105 |
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Mr. Seshagiri Rao Tumma |
|
29160 |
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Mr. Amaraneni Bharadwaj |
|
20995 |
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Mr. Gonuguntla V Naidu |
|
29160 |
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Mr. Ignatius Thomas |
|
11665 |
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Mr. Ashok Kumar Verma |
|
191795 |
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Total
|
2583642 |
|
Directors / Relatives of Directors (as on 31.03.2007) |
|
|
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Mr. S. V.
Narasaiah |
479194 |
18.50 % |
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Ms. S. Sarojini
Devi |
469601 |
18.20 % |
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Ms. A. Leelavathi
|
446457 |
17.30 % |
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Mr. Nagarjun
Sakhamuri |
368565 |
14.30 % |
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Ms. S. Geetha
Ramani |
86636 |
3.40 % |
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Mr. S. Prasanth |
403309 |
15.60 % |
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Ms. S. Padmaja |
47105 |
1.80 % |
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Sub Total |
2300867 |
89.10
% |
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NRIs |
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Mr. Seshagiri Rao
Tummala |
29160 |
1.10 % |
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Mr. Amaraneni
Bharadwaj |
20995 |
0.80 % |
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Mr. Gonuguntla V.
Naidu |
29160 |
1.10 % |
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Mr. Ignatius
Thomas |
11665 |
0.50 % |
|
Mr. Ashok Kumar
Verma |
191795 |
7.40 % |
|
Sub Total |
282775 |
10.90
% |
|
Total |
2583642 |
100.00 % |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Importers, Exporters, Trader and Dealers in all kinds vacuum systems,
equipment, pumps, components and accessories. |
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|
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Products : |
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GENERAL
INFORMATION
|
No. of Employees : |
200 |
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Bankers : |
· State Bank of India Peenya Industrial Estate Branch, B-96 II Cross, 1st Stage,
Bangalore – 560058, Karnataka, India · ABN Amro Bank · ICICI Bank Limited · Standard Chartered Bank · HDFC Bank Limited · Kotak Mahindra Limited |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
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Address : |
Maruti Info Tech Centre , 11-12/1, Inner Ring Road, Koramangala,
Bangalore – 560 071, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2583642 |
Equity Shares |
Rs. 10/-
each |
Rs.25.836
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
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|
SHAREHOLDERS FUNDS |
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|
|
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1] Share Capital |
|
25.836 |
25.836 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
93.767 |
62.645 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
119.603 |
88.481 |
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LOAN FUNDS |
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1] Secured Loans |
|
147.649 |
120.324 |
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2] Unsecured Loans |
|
320.000 |
4.553 |
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TOTAL BORROWING |
|
467.649 |
124.877 |
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DEFERRED TAX LIABILITIES |
|
10.953 |
9.433 |
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TOTAL |
|
598.205 |
222.791 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
182.816 |
98.730 |
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Capital work-in-progress |
|
14.238 |
1.972 |
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INVESTMENT |
|
130.252 |
0.012 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
112.513 |
171.082 |
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Sundry Debtors |
|
66.920 |
134.693 |
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Cash & Bank Balances |
|
69.861 |
31.784 |
|
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Other Current Assets |
|
259.793 |
0.000 |
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Loans & Advances |
|
53.738 |
68.350 |
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Total
Current Assets |
|
562.825 |
405.909 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
|
289.875 |
255.377 |
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Provisions |
|
11.131 |
28.455 |
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Total
Current Liabilities |
|
301.006 |
283.832 |
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Net Current Assets |
|
261.819 |
122.077 |
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MISCELLANEOUS EXPENSES |
|
9.080 |
0.000 |
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TOTAL |
|
598.205 |
222.791 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
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|
|
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Sales Turnover
(Estimated) |
|
500.000 |
300.000 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2007 |
31.03.2006 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
6.43 |
4.62 |
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Current Ratio (Current Asset/Current Liability) |
|
|
1.87 |
1.43 |
LOCAL AGENCY
FURTHER INFORMATION
FORM 8:-
|
Corporation identity number or foreign company registrations number of
the company |
U29120KA2001PTC028817 |
|
Name of the company |
HIND HIGH VACUUM COMPANY PRIVATE LIMITED |
|
Address |
Site No. 17, Phase 1, Peenya Industrial Area,
Bangalore- 560 058, India. |
|
This Form is for |
Modification of charge |
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Type of Charges |
· Immovable property · Book Debts · Others |
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Particular of the charge holder
|
State Bank of India Address: Peenya Industrial Estate Branch,
B -96, II Cross, 1st Stage, Peenya Industrial Estate, Bangalore –
560 0558, Karnataka, India Email: jsurya@vsnl.com
|
|
Nature or description of the instrument creating charge |
Supplemental agreement for hypothecation
for hypothecation of goods and assets for increase in the overall limit Letter regarding the grant of individual
limits within the overall limit Memorandum of deposit for creation of
charge for term loan / overall limit (All the documents relate to the same
modification) |
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Date of the instrument creating charge |
24.10.2007 |
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Amount Secure by the charge |
Rs. 716.000 millions |
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Brief of the principal terms and conditions and extent and operation
of the charge |
Rate
of Interest : CC : Interest @ 0.75% below SBAR, which is
presently 12.75% per annum with a minimum of 12.00% present effective rate
12.00% with monthly rests TL : At SBAR which is presently 12.75%
p.a. effective 12.75% p.a Terms
of repayment: CC- Repayable on demand TL : Repayable in 60 monthly installments
of Rs. 1.750 millions each with a moratorium of 6 months , commencing from
April 2008 Margin: Stocks : 25% Receivables :40% BG : 10% LC: 25% Extent
and operation of the charge: Charge extends on all the assets
throughout the period of sanctioned limits by way of first charge Others: Extension of EM of Residential Premises
situated at No. 272, 4th Cross , 2nd Stage, 2nd
Block , RMV Extension , Bangalore
belonging to Mr. S Prashanth, Director. |
|
Short particulars of the Property charged |
Hypothecation of the whole of the present and future stocks of Raw
materials, semi finished goods, finished goods, stores, book debts,
machineries, etc belonging to the company. Extension of EM on Company
immovable properties situated at No. 17, phase I, Peenya Industrial Estate,
Bangalore, Gala No. 20 , Doulat Udyog Industrial Estate, Mumbai No. 78 and 79, patil Arcade, Erandwana,
Pune, Flat No. 2A, Farrah, Fort Manner, 21st Main road, Jayamahal
Extension, Bangalore |
|
Particulars of the present modification |
Total limits enhanced from Rs. 425.000 millions to Rs. 716.000
millions All other terms, conditions, and existing securities to continue. |
|
Name of the company |
HINDHIVAC PRIVATE LIMITED |
|
Presented By |
STATE BANK OF INDIA, PEENYA INDUSTRIAL
AREA, BANGALORE – 560058, KARNATAKA, INDIA |
|
1) Date and description of instrument creating the change |
09.08.2002 [Regd.
Doc. 11.08.2002] General agreement
for the grant of small industrial advance and hypothecation of movables, book
debts and other assets Guarantee
agreement for small industrial advance (WCF) Letter evidencing
deposit of title deeds (all documents
relate to single charge) |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 77.000
Millions [CC Stocks : Rs.
22 Millions, CC Rec : Rs. 23.500 Millions, LC : Rs. 1.500 Millions and BG :
Rs. 30.00 Millions] |
|
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 |
Hypothecation of the whole of the present and future stocks, book debts, outstanding, money receivables, claims bills, movables and other movable assets belonging to the company. Collaterals security Hypothecation of plant and machinery and equitable mortgage created by deposit of title deeds on company’s immovable properties Plot No. 17, Formed out of Sy. No. 23, 34 & 25 of Peenya Industrial Area, Bangalore – 560058, Karnataka, India Property bearing Plot No. 472-D, Penya, 4th Phase, Formed out of Sy. No. 46 of Nallakadarahalli, Yeshwanthpur, Hobli, Bangalore, North. Immovable property Bearing No. 116, in Peenya I Stage, Bangalore and corporate Guarantee offered to Hind High Company Private Limited against various credit facilities sanctioned by bank. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest @ 14.50
% p.a. Margin as applicable Repayable on demand. |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of India Peenya Industrial
Area, Estate Branch, No. B -96, 2nd Cross, Peenya Industrial
Estate, Bangalore – 560058, Karnataka, India |
|
6) Date and brief description of instrument modifying the charge |
· Supplemental general agreement for the grant of small industrial advance and hypothecation of movables , book debts and other assets · General agreement fro the grant of MTA to SSI and hypothecation of movables book debts and other assets. · Letter evidencing deposit of title deeds (All document relate to single modification ) |
|
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. |
Total limits
enhanced to Rs. 195.200 millions (Hindhivac
Private Limited limits enhanced from Rs. 77.000 millions to Rs,. 1 73.000
millions(CC stocks : Rs. 22.000 millions,. CC Rec Rs. 23.500 millions , LC
Rs. 1.500 millions, BG Rs. 30.000 millions One time LC Rs. 20.000 millions ,
One time BG : Rs. 51.000 millions and corporate loan Rs. 15.000 millions and Hind High Vacuum
Company Private Limited : Fro Rs. 22.200 millions to continue hypothecation
of stocks of raw materials, semi finished goods, stores and receivables to
continue hypothecation of plant and machinery and corporate guarantee of Hind
High Vacuum Company Private Limited. Extension of
equitable mortgage created by deposit of title deeds on company immovable
properties situate at No. 17, I Phase , Peenya Industrial Area, Bangalore –
560 058 against various credit
facilities sanctioned by bank, Interest WC 2.00% above State Bank Medium Term
Loan advance rising and falling therewith effective rate 13.00% p.a with
monthly rests (present SBMTLR is 11.00% p.a) All other terms
and conditions incl. all existing securities to continue for the enhanced
limits. |
OTHER INFORMATION:
The name of the
company has been changed from HINDHIVAC PRIVATE LIMITED to present w.e.f.
17.10.2005.
Business
To take over the
Vacuum Systems and Pumps Division of the company known as Hind High Vacuum
Company Private Limited together with all assets and liabilities under a Scheme
of arrangement and to continue to carry on the business of manufacturers of
importers and exporters, traders, dealers in all kinds’ vacuum systems, equipment,
pumps, components and accessories.
Indebtness of the company [Secured Loans
Including Interest Outstanding]
|
Financial Institutions / Bank |
Amount [In Millions] As on
19.09.2005 |
|
Cash Credit From
SBI |
29.654 |
|
Cash Credit From
SBI – FCNBDL |
49.881 |
|
Corporate Loan
From SBI |
3.500 |
|
Ford Credit Kotak
Mahindra Limited |
0.232 |
|
ABN Amro Bank |
0.163 |
|
ICICI Bank
Limited [Computers] |
0.029 |
|
Standard
Chartered Bank |
0.016 |
|
HDFC Bank Limited |
0.634 |
|
ICICI Bank
[INNOVA] |
0.591 |
|
ABN Amro Bank
[COROLLA] |
0.389 |
|
Citi Bank OD A/C |
1.646 |
|
Total |
86.735 |
WEBSITE DETAILS:
Mile Stones
Incorporated In
1965.
1967 India's first indigenously
built Thin Film Coater
1968 India's first High Vacuum
Rotary Vacuum pump
1970 India's first indigenous
Space Simulation Chamber
1974 First Indian Electron Beam
Gun for evaporation
1980 India's first High Vacuum
Direct Driven Rotary Vacuum Pump.
1982 First Indigenous Helium
Leak Detector.
1985 First Indian Residual Gas
Analyser.
1988 Setup with in-house
technology a plant to produce Stainless Steel Vacuum Flasks.
1990 India's largest
Diffusion Bonding Furnace.
1991 Beginning of commercial
operation of Thin Film Coatings Division.
1993 India's first completely
automated Box Coater.
1996 Supply of the largest Vacuum
Furnace in India.
1998 Supply of India's first
indigenous UHV 20"Gate Valve and the largest UHV chamber.
1999 Developed indigenous
Vacuum Melting and Casting Furnace.
1999 First ISO 9001
Certified VACUUM INDUSTRY IN INDIA.
2000 Supply of a 2000 deg. C
Vacuum Hot Press.
2001 Supply of a Ultra High
Vacuum temperature furnace.
2001 Supply of 7 Chamber PECVD system for
manufacture of a-Si solar modules with inline
transport mechanism.
2002 Supply of a Large Area
Vacuum Coating Unit for aluminizing.
2003 MgO Coating Unit for
Plasma Display panels (PDP).
2005 Developed and built a
specialized Robot based Magnetron Sputtering System.
Press Release:
Capacitance
Diaphragm gauge
A Capacitance Diaphragm gauge is a versatile absolute measuring gauge to
measure high vacuum with reliable accuracies.
These are extensively used in chemical operations as well as PVD, CVD
applications and systems where corrosive gases are employed.
The Hindhivac Capacitance Gauge uses an ultra pure ceramic diaphragm, which is
virtually corrosion free and is also reliable in repetitiveness and thus
offering a stable measurement. Its life is also very much extended even under
harsh conditions.
HHV offers two models. The unheated model CPG 025 and heated model CPG 045 which
can be heated up to 45 Deg.C
These gauges are made to international standards and HHV is able to bring
relief to the users who can now directly buy from HHV without worry of import
formalities.
The equality is assured to be equivalent to any of the best in the
international market.
Its main advantages are:
· Marginal zero drift
· Excellent long term and zero stability with plasma shield protection and selectable power supplies(+15 VDC or +18 to 26.4VDC).
HHV is proud that true to its motto, it has been able to introduce these
diaphragm gauges in its product range to fill the gaps in HHV's product range.
Sputter Ion
Pumps(Triode)
Sputter Ion Pumps(Triode) are a jewel in the product range of any vacuum
company. Vacuum users who are desirous of reaching ultra high vacuum in the
range of 10(-10) mbar can now look at HHV for supply of reliable Sputter Ion
Pumps.
M/s. Center for Advanced Technology, Indore, and an integral part of the Bhabha
Atomic Research Centre has developed a few ranges of Sputter Ion pumps, which
can reliably reach this low pressure HHV has taken up a manufacturing license
from CAT, Indore after extensive trail and tests.
The range of pumps available are with the displacement of 170 lit/sec and 70
lit/sec.
Sputter Ion pumps require very critical power supplies and an operating
atmosphere has to be built around it. All operation for manufacturing the
Sputter Ion pump assembly, degassing and testing have to be done in a clean
atmosphere. The required critical power supplies have been designed and built
and tested by HHV and all other required supporting facilities for
manufacturing of this sophisticated equipment has also been created.
The basic features of the sputter ion pumps include Titanium cathode and an
anode placed in between a magnetic field which in turn forces the free
electrons to travel in long helical paths instead of a straight line. These
sputter ion pumps are self-regulating at higher pressures where much ionization
stakes and more current flows at low pressure levels. These characteristics of
current drawn is used to measure the pressure or the degree of vacuum achieved
in the pump. This feature eliminates the need of an ion gauge in the system.
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.39.94 |
|
UK Pound |
1 |
Rs.78.81 |
|
Euro |
1 |
Rs.63.05 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
|