MIRA
INFORM REPORT
|
Report Date : |
29.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AUCHTEL PRODUCTS
LIMITED |
|
|
|
|
Registered Office : |
142-C, Victor House,
N. M. Joshi Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra |
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Country : |
India |
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|
Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
24.08.1965 |
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Com. Reg. No.: |
11-13303 |
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CIN No.: [Company
Identification No.] |
U24100MH1965PLC013303 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMA20348G |
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|
|
|
PAN No.: [Permanent
Account No.] |
AAACH0975L |
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|
Legal Form : |
A Closely Held
Public Limited Liability company |
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Line of Business : |
Manufacturer,
Exporter and Importer of Textiles, Paper, Leather, Wire, Drawing, Paint,
Construction, Dyestuff, Oil Fields, Refinery, Agro/ Fertilizers. |
RATING &
COMMENTS
|
MIRA’s Rating : |
|
|
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 |
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Maximum Credit Limit : |
USD 341608 |
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Status : |
Good |
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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 having fine track. Directors are reported as experienced,
respectable and resourceful industrialists. Financial position is good.
Payments are correct and as per commitments. Fundamentals are
strong and healthy. The company can be considered good for any normal
business dealings. It can be regarded
as a promising business partner in a medium to long run. |
INFORMATION PARTED
BY
|
Name : |
Mr. Prakash Bapat |
|
Designation : |
Account Manager |
|
Date : |
28.04.2008 |
LOCATIONS
|
Registered Office : |
142-C, Victor House,
N. M. Joshi Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-24933975
(10 Lines) / 240632600/ 626 |
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Fax No.: |
91-22-24939755 /
24974211/ 240632627 |
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E-Mail : |
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Website : |
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Location : |
Owned by Company |
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Factory : |
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Location : |
Owned by Company |
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Branches : |
Ahmedabad 14, Shri Niwas
Society, New Sharda Mandir Society, Ahmedabad – 380007, Gujarat, India Tel No.:
91-79-26620003/ 26640076 Fax
No.:91-79-26640076 E-Mail auchtel@ad1.vsnl.net.in Auchtelad1@sancharnet.in Delhi K-48 Cannaught
Circus, New Delhi – 110001, India Tel. No. 91-11-51023037 / 23415208 Fax
No.:91-11-23322116 Telex :031-61279 HCIL IN E-Mail auchtel@del6.vsnl.net.in Kanpur P. O. Box No. 12,
3 / 64 Vishnupuri, Nawab Gunj, Kanpur – 208002, Uttar Pradesh, India Tel. No. 91-512-549540 Fax
No.:91-512-2562562 Telex 0325-388 HCIL IN E-Mail auchtel@1w1.vsnl.net.in Kolkata Shantiniketan
Building, 9th floor, 8, Camac Street, Calcutta – 700017, West Bengal, India Tel
No.:91-33-22824517/ 22820183 Fax
No.:91-33-22820183 E-Mail auchtel@cal2.vsnl.net.in Chennai No. 3, Aarti
Arcade, 86, Dr. Radha Krishnan Road, Mylapore, Chennai – 600004, Tamilnadu,
India Tel. No. 91-44-28278352/ 28112396 |
DIRECTORS
|
Name : |
Mr. Rajiv Haridas Tandon |
|
Designation : |
Chairman and Managing Director |
|
Address : |
1503, Vainganga, Sagar Co-op Housing Society Limited, Pochkhanwala
Road, Worli, Mumbai – 4000025, Maharashtra, India |
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Date of Birth
: |
05.08.1952 |
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Date of
Appointment : |
21.11.1988 |
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Name : |
Mrs. Deepa Rajiv Tandon |
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Designation : |
Whole Time Director |
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Address : |
3/64 Vishnupiri, Nawab Ganj, Kanpur – 208002, Uttar Pradesh, India |
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Date of Birth
: |
18.106.1957 |
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Date of
Appointment : |
09.05.1997 |
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|
Name : |
Mr. Shailendra Swarup |
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Designation : |
Director |
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Address : |
E-1, Kalpana Tilak Nagar, S. V. P. Road, Mumbai – 400 004, India |
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Date of
Appointment : |
21st January, 1998 |
|
|
|
|
Name : |
Mr. Ferdinand Finken |
|
Designation : |
Director |
|
Address : |
Weseler Str. 11, 40239, Dueseldorf, Germany |
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Date of Birth
: |
04.06.1925 |
|
Date of
Appointment : |
14.06.1999 |
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|
Name : |
Mr. Rajendra Ambalal Shah |
|
Designation : |
Alternate Director |
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Address : |
202, Panorama, Walkeshwar, Mumbai – 400 006, India |
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Date of Birth
: |
07.03.1937 |
|
Date of
Appointment : |
26.09.2002 |
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Name : |
Mr. Jayant A. Mosarguppi |
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Designation : |
Director |
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Address : |
E-1 Kalpana, Tilak Nagar, SVP Road, Mumbai – 400004, Maharashtra,
India |
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Date of Birth
: |
22.06.1929 |
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Date of
Appointment : |
12.11.1999 |
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|
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Name : |
Mr. Pradyumnakumar Kesarinath Rele |
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Designation : |
Director |
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Address : |
64, Sealord B Building, Cuffe Parade, Mumbai – 400005, Maharashtra,
India |
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Date of Birth
: |
13.06.1936 |
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Date of
Appointment : |
12.11.1999 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 28.09.2004)
|
Names of Shareholders |
|
No. of Shares |
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|
Auchlite Chemicals Limited |
|
42600 |
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Mr. Rajiv Tandon |
|
37753 |
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Rajiv H. Tandon (HUF) |
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1 |
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Mrs. Deepa R. Tandon |
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1 |
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Mr. Prateek R. Tandon |
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1 |
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Ms. Prateecha R. Tandon |
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1 |
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Rajiv Tandon (HUF) |
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1 |
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Haridas Tandon (HUF) |
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1 |
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Mr. Premo H. Tandon |
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1 |
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TOTAL |
|
80360 |
(As on 31.03.2007)
|
Category |
|
Percentage |
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|
|
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|
Bodies Corporate (Not mentioned above) |
|
53.01 |
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Directors or relatives of directors |
|
46.98 |
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Other top fifty shareholders (Other than Listed above) |
|
0.01 |
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|
|
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter
and Importer of Textiles, Paper, Leather, Wire, Drawing, Paint, Construction,
Dyestuff, Oil Fields/ Refinery, Agro/ Fertilizers. |
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Products : |
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Exports : |
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Countries : |
· USA · Iran · Africa · Taiwan |
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Imports : |
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Countries : |
·
Japan, ·
Germany · U.S.A. · China |
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Terms : |
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Selling : |
L/C, Cash and Credit (60-90 days) T/T advance |
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Purchasing : |
L/C, D/A, D/P and Credit
(60-90 days) advance |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
|
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|
Dombivli Plant
|
|
|
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Speciality Industrial Chemicals |
Tons |
7,000 |
7,000 |
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Synthetic Leather Tanning Agents |
Tons |
3,000 |
3,000 |
|
Oil & Well Chemicals |
Tons |
5,500 |
2,500 |
Ratnagiri Plant
|
|
|
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Speciality Industrial Chemicals |
Tons |
12,000 |
12,000 |
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Wire Drawing Components |
Tons |
2,000 |
1,000 |
|
Anion & Cation Exchange Resins |
Cu. Mtrs. |
2,200 |
2,200 |
GENERAL
INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
300 |
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Bankers : |
·
Bank of
India ·
State Bank
of India, Worli Branch ·
Bank of
India, Fort Branch ·
Bank of
Baroda, Worli Branch ·
Vijaya Bank,
Worli Branch ·
ING Vysya Bank,
Worli Branch ·
Saraswat
Co-op Bank Limited, Fort Branch |
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Facilities : |
Enjoy C/C and L/C limit but refused divulge. |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Jayant – Sharma and Company Chartered
Accountants |
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Address : |
58/4, Birhana Road, P D No.389, Kanpur – 208001, Uttar Pradesh, India |
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Memberships : |
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Holding Company : |
Auchlite Chemicals
Private Limited CIN :
U24111UP1996PTC020834 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 millions |
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 millions |
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|
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TOTAL |
|
Rs. 50.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
32144 |
Equity Shares |
Rs.100/- each |
Rs.3.214 millions |
|
48216 |
Equity Shares |
Rs.100/- each |
Rs.4.822 millions |
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TOTAL |
|
Rs. 8.036 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 |
8.036 |
8.000 |
8.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
77.366 |
75.500 |
73.200 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
85.402 |
83.500 |
81.200 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
143.621 |
130.100 |
123.500 |
|
|
TOTAL BORROWING |
143.621 |
130.100 |
123.500 |
|
|
DEFERRED TAX LIABILITIES |
3.841 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
232.864 |
213.600 |
204.700 |
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.995 |
29.400 |
35.800 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
30.979 |
25.700 |
0.400 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
78.815
|
61.300
|
75.500 |
|
|
Sundry Debtors |
174.484
|
182.100
|
206.400 |
|
|
Cash & Bank Balances |
53.310
|
53.800
|
25.400 |
|
|
Other Current Assets |
0.052
|
0.000
|
0.000 |
|
|
Loans & Advances |
39.922
|
43.900
|
139.200 |
|
Total
Current Assets |
346.583
|
341.100
|
446.500 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
168.693
|
158.300
|
170.600 |
|
|
Provisions |
0.000
|
24.300
|
107.400 |
|
Total
Current Liabilities |
168.693
|
182.600
|
278.000 |
|
|
Net Current Assets |
177.890
|
158.500
|
168.500 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
232.864 |
213.600 |
204.700 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
575.976 |
647.100 |
638.300 |
|
|
Other Income |
4.941 |
(9.900) |
45.400 |
|
|
Total Income |
580.917 |
637.200 |
683.700 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
23.462 |
25.700 |
24.500 |
|
|
Provision for Taxation |
7.843 |
9.700 |
9.200 |
|
|
Profit/(Loss) After Tax |
15.619 |
16.000 |
15.300 |
|
|
|
|
|
|
|
|
Export Value |
51.316 |
NA |
NA |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
0.695 |
34.000 |
38.200 |
|
|
Manufacturing Expenses |
0.000 |
46.400 |
56.400 |
|
|
Administrative Expenses |
0.000 |
315.100 |
358.500 |
|
|
Raw Material Consumed |
360.549 |
76.500 |
77.100 |
|
|
Excise Duty |
39.872 |
51.900 |
53.800 |
|
|
Employee cost |
2.346 |
33.800 |
26.900 |
|
|
Miscellaneous expenses |
0.850 |
19.100 |
16.700 |
|
|
Interest |
18.979 |
28.400 |
25.100 |
|
|
Power & Fuel |
32.525 |
6.300 |
6.500 |
|
|
Depreciation & Amortization |
5.633 |
0.000 |
0.000 |
|
|
Other Expenditure |
96.006 |
0.000 |
0.000 |
|
Total Expenditure |
557.455 |
611.500 |
659.200 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
2.67
|
2.51
|
2.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.07
|
3.97
|
3.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.33
|
6.93
|
5.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.30
|
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.66
|
3.74
|
4.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
1.86
|
1.60 |
LOCAL AGENCY
FURTHER INFORMATION
HISTORY
The company was
incorporated on 24th August, 1965 at Mumbai in Maharashtra having
Company Registration Number 11-13303.
The Company was
originally incorporated under the name & style of NOPCO (India) Limited. in
collaboration with Nopco Chemicals, New Jersey, U.S.A. primarily to manufacture
spin finishes for viscose rayon filament units in India. Gradually, other
product lines e.g. textile auxiliaries for wet application, anti-stars and
finishing oils for polyamide and polyester, paper auxiliaries, tranning
chemicals, etc. were added to it.
In 1973, the
company's name was changed to Diamond
Shamrock (India) Limited. due to change of Nopco's name
worldwide. In 1979, another plant at Ratnagiri was started for the manufacture
of ion-exchange resins under the know-how of Diaprosim, France (a division of
Duolite International) then a subsidiary of Diamond Shamrock, U.S.A.
In 1985, when
Diamond Shamrock decided to disinvest from process chemicals business
worldwide, the company changed its collaboration with Henkel KGaA and the
company's name was also changed to HenKel Chemicals (India) Limited.
In 1996, Henkel KGaA signed an agreement to disinvest its holding in favour of
Indian shareholders. The share purchase agreement stands consummated, and
w.e.f. 9th May, 1997 Company’s name has been changed to its present name
Auchtel Products Limited
Form 8:
|
Name of the company |
AUCHTEL PRODUCTS
LIMITED |
|
Presented By |
The Saraswat
Co-op Bank Limited |
|
1) Date and description of instrument creating the change |
Agreement of Hypothecation
of movable property dated 28th August, 1997 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.8.890 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 |
The borrower doth
hereby hypothecated to and in favour of the Bank all the equipment tangible
movable property and every tangible movable property (both present and
future) belonging to the borrower and lying and being at the borrower place of business at 7th
Floor, Poonam Chambers, Dr. A B Road, Worli, or whether else the same may be
kept. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Type of facility
: Term Loan Rate of interests
: 18% p.a. or at such of the rate as may be fixed by the bank from time to time Period : On or
before 28.08.2002 if the sub Basis : 70% |
|
5) Name and Address and description of the person entitled to the charge. |
The Saraswat
Co-operative Bank Limited Central
Administrations Office, Apsara Cinema Building, 2nd Floor, Grant
Road, Dr. D B Marg, Mumbai – 400007, Maharashtra, India |
|
6) Date and brief description of instrument modifying the charge |
NA |
|
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. |
NA |
FIXED ASSETS
·
Leasehold Land
and Development
·
Buildings/Roads
·
Plant and
Machinery
·
Research and
Development Machinery
·
Electrical
Machinery and Installation
·
Furniture,
Fixture
·
Office
Equipment and Computer
·
Air
Conditioners,
·
Water Coolers
and Refrigerators,
·
Laboratory and
Other Equipments,
·
Vehicles
·
Fire
Extinguishers.
Trade Reference:
· Reliance
· Iron Exchange
·
End Users
·
Apcotex Lattices Limited
·
Asian Paints
Limited
·
P. R. Limited
·
Balkrishna
Industries Limited
·
Ballarpur
Industries Limited
·
Bayer India
Limited
·
Berger Paints
Limited
·
Bharat
Petroleum Corporation Limited
·
Bharat Starch
·
Bhiwani
Textile Mills
·
Birla VXL
Limited
·
Century Denim
·
Century Enka
Limited
·
Century Rayon
·
Kochi
Refineries Limited
·
Deepak
Fertilizer & Petrochemicals Corporation Limited
·
Department of
Atomic Energy
·
East India
Synthetics
·
Gharda
Chemicals
·
Global
Chemicals
·
Global Wool
Alliance
·
Gujarat Agro
Industries Corporation Limited
·
Gujarat Heay
Chemicals
·
Gujarat State
Fertilizers & Chemicals Limited
·
Hind Lever
Chemicals Limited
·
Hind Petroleum
Corporation Limited
·
India
Polyfibres
·
Indian Oil
Corporation Limited
·
Indian Rayon
Industries Limited
·
ITC Limited.
(Tribeni Tissues)
·
ITC
Bhadrachallam Paper Boards Limited
·
JCT Group
·
Kesoram Rayon
·
Madras
Refineries Limited
·
Mafatlal Dyes
& Chemicals Limited
·
MBT India
Private Limited
·
Maharashtra
State Electricity Board
·
Malwa Cotton
Spinning Mills Limited
·
Modern Terry
Towels Limited
·
Nirmal Jal
·
Northern
Tannery
·
N. R. Group of
Paper Mills
·
N. R. C.
Limited
·
Pashupati
Spinning & Weaving Mills Limited
·
Pidilite Industries
Limited
·
Rajdoot Paints
Limited
·
Raymond
Limited
·
Reliance
Industries Limited
·
Reliance
Petroleum Corporation Limited
·
Rohit Pulp
& Paper Mills Limited
·
Shri Dinesh
Mills
·
Sika Qualcrete
·
SIV Industries
·
Sinar Mas Pulp
& Paper (India) Ltd. (now – BILT Graphic Papers Limited)
·
Steel
Authority of India Limited
·
Sudarshan
Chemicals Limited
·
Tata Chemicals
·
Terenefibres
Industries Private Limited
·
The Bombay
Dyeing & Manufacturing Company Limited
·
West Coast
Paper Mills Limited
·
UP State
Spinning Company
·
Vam Organics
Limited
Website Details
Attached:
Profile:
The Company was originally incorporated as NOPCO (India) Ltd. in 1965,
in collaboration with Nopco Chemicals, New Jersey, and USA, primarily to
manufacture spin finishes for viscose rayon filament units in India. Gradually,
other product lines e.g. textile auxiliaries for wet application, antistats and
finishing oils for polyamide and polyester, paper auxiliaries, tanning
chemicals, etc. were added to it.
In 1973, the company's name was changed to Diamond Shamrock (India) Limited due
to change of Nopco's name worldwide. In 1979, another plant at Ratnagiri was
started for the manufacture of ion-exchange resins under the know-how of
Diaprosim, France (a division of Duolite International) then a subsidiary of
Diamond Shamrock, U.S.A.
In 1985, when Diamond Shamrock decided to divest from process chemicals
business worldwide, the company changed its collabration with Henkel KGaA and
the company's name was also changed to HenKel Chemicals (India) Limited.
In 1996, Henkel KGaA signed an agreement to divest its holding in favour
of Indian shareholders. The share purchase agreement stands consummated, and
w.e.f. 9th May, 1997 Company’s name has been changed to its present name
Subject.
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.40.14 |
|
UK Pound |
1 |
Rs.79.66 |
|
Euro |
1 |
Rs.62.92 |
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 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
8 |
|
--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 |
|
64 |
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 |
|