MIRA
INFORM REPORT
|
Report Date : |
04.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AIRPORTS AUTHORITY OF INDIA |
|
|
|
|
Registered Office : |
Rajiv Gandhi Bhavan Safdarjung Airport, Aurobindo Marg, New
Delhi – 110 003 |
|
|
|
|
Country : |
India |
|
|
|
|
Date of Incorporation : |
01.04.1995 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELA07348F DELA00223G |
|
|
|
|
Legal Form : |
Subject is an Organization |
|
|
|
|
Line of Business : |
Airport Authorities |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
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 |
|
|
|
|
|
|
|
|
Status : |
Very Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
As the subject is a Government of India department, lenders and creditors can feel confident of its exposure. Trade relations are fair. Payments are usually correct and as per commitments. Subject can be considered for your proposed business dealings of against D/A or D/P terms. |
LOCATIONS
|
Registered Office : |
Rajiv Gandhi Bhavan Safdarjung Airport, Aurobindo Marg, New Delhi – 110 003, INDIA. |
|
Tel. No.: |
91-11-24693160 / 24632950 |
|
Fax No.: |
91-11-24632990 / 24629567 / 24697211 / 24693963 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Airports Authority of India, Rajiv Gandhi Bhawan, Safdarjung Airport, New Delhi - 110 003 |
|
Tel. No.: |
91- 11- 24632950 |
|
|
|
|
Branches : |
· East Block – VII, Level –II, sector – 1, R. K. Puram, New Delhi- 110 066, India Tel No. – 91-11-26711384 Residence No- 91-11-27425446 Fax No. 91-11-26711348 Contact To Mr. Sandeep Goel Email – frrodelhi@hotmail.com · 3rd Floor, Special Branch Building, Badruddin Tayabji Lane, Behind St. Xaviers College, Mumbai – 400 001, Maharashtra Tel No. 91-22-22621169 Fax No. 91-22-22620721 Email – dcpsb2.frro@indiatimes.com Contact to Mr. Deven Bharti · Shastri Bhavan, 26m, Haddows Road, Chennai – 600 006, Tamilnadu Tel No. 91-44-28240338 Contact to Mr. Amaresh Pujari · 237, Acharya Jagdish Chandra Bose Road, Kolkata 0 700 020, West Bengal Tel. No. 91-33-22470549 Contact to Mr. P.K. Chattopadhyay · 123-D, Ranjit Avenue, Amritsar – 143 001. Tel. No. 91-183-2508250 Contact to Mr. Kulwant Kumar |
DIRECTORS
|
Name : |
Mr. Satish Kumar Narula |
|
Designation : |
Chairman |
|
Address : |
75B, Pkt E,
Gangotri Enclave, Alaknanda, New Delhi – 110 019, India. |
|
|
|
|
Name : |
Mr. V D V Prasad Rao |
|
Designation : |
Member (finance) |
|
Address : |
L-26, Sarita
Vihar, New Delhi – 110 044, India. |
|
|
|
|
Name : |
Mr. K Ramalingam |
|
Designation : |
Chairman |
|
Address : |
B-65, Hill View Apartments,
Vasant Vihar, New Delhi – 110 057, India |
|
|
|
|
Name : |
Mr. Satendra Singh |
|
Designation : |
Director General
of Civil Aviation Technical Centre
Opposite Safdarjung Airport, New Delhi – 110 003 |
|
Address : |
B-7, Multi –Storeyed
Flats Baba Kharak Singh Marg New Delhi – 110 001 |
|
|
|
|
Name : |
Mr. V Subramanian |
|
Designation : |
Additional
Secretary & Financial Advisor Ministry of Civil Aviation Rajiv Gandhi
Bhavan, New Delhi – 110 003, |
|
Address : |
Block 12, Flat 'E’
HUDCO Place Andrewa Ganj, New Delhi – 110 049. |
|
|
|
|
Name : |
Mr. Sunil Arora |
|
Designation : |
Chairman &
Managing Director of Indian Airlines Limited |
|
Address : |
D-I/B-45, Moti
Bagh –I, New Delhi – 110 021 |
|
|
|
|
Name : |
Dr. Nasim Zaidi |
|
Designation : |
Joint Secretary
Ministry of Civil Aviation |
|
Address : |
B-13, Nivedita
Kunj, R. K. Puram Sector – 10, New Delhi |
|
|
|
|
Name : |
Mr. A.K. Mishra |
|
Designation : |
Member (Planning
and Engineering) |
|
Address : |
401Abhinav Apartment,
B-12, Vasundhara Enclave, Delhi |
|
Tel No. : |
91-11-24652075
(Office), 22622074 (Residence ) |
|
Email : |
|
|
|
|
|
Name : |
Mr. P K Mishra |
|
Designation : |
Additional
Secretary and Financial Adviser Ministry of Civil Aviation |
|
|
|
|
Name : |
Mr. T. K. Mitra |
|
Designation : |
Commissioner of
Civil Security (Civil Aviation), Bureau of Civil Aviation Security |
|
|
|
|
Name : |
Mr. K. Gohain |
|
Designation : |
Director General, Director General For Civil Aviation |
|
|
|
|
Name : |
Mr. Raghu
Menon, IAS |
|
Designation : |
Joint Secretary, Ministry of
Civil Aviation |
|
|
|
|
Name : |
Mr. K.N.Shrivastava, IAS |
|
Designation : |
Joint Secretary, Ministry of
Civil Aviation |
|
|
|
|
Name : |
Mr. S.R Mehra, IPS |
|
Designation : |
Commissioner of Civil Security
(Civil Aviation), Bureau of Civil Aviation Security |
MANAGEMENT
|
Name : |
Mr. P. Seth |
||||||||||||||
|
Designation : |
Member (Operation) |
||||||||||||||
|
Date of Birth/Age : |
27th August, 1950 |
||||||||||||||
|
Qualification : |
B.Sc. Elect. Engineering
(Electronics), P.G. Diploma in Public Administration |
||||||||||||||
|
Experience : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Name : |
Mr. H. S. Bains |
||||||||||||||
|
Designation : |
Member (P and A) |
||||||||||||||
|
|
|
||||||||||||||
|
Name : |
Mr. S.C. Chhatwal |
||||||||||||||
|
Designation : |
Member (Finance) |
||||||||||||||
|
Date of Birth/Age : |
20thJuly,
1952. |
||||||||||||||
|
Qualification : |
B.Com (Hons.) |
||||||||||||||
|
Experience : |
Experience of
working in various PSUs including transport and hospitality sectors. He has
undertaken various overseas assignments connected with trainings in Finance
Management as well as Performance Based Budgeting. He has widely traveled
abroad for official meetings/discussions as also attended specialized
training programmes pertaining to MoU, Foreign Exchange, Risk Management, Tax
Planning and Management Information Systems. |
||||||||||||||
|
|
|
||||||||||||||
|
Name : |
Mr. V.P. Agrawal |
||||||||||||||
|
Designation : |
Member (Planning) |
||||||||||||||
|
Date of Birth/Age : |
02.06.1955 |
||||||||||||||
|
Qualification : |
Bachelor of
Engineering(Elect.) – 1976, Master of Engineering - 1978 |
||||||||||||||
|
Experience : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Name : |
Mr. K. Gohain |
||||||||||||||
|
Designation : |
Director General of Civil Aviation |
||||||||||||||
|
|
|
||||||||||||||
|
Name : |
Mr. Raghu Menon, IAS |
||||||||||||||
|
Designation : |
Additional Secretary and Financial Advisor, Ministry of Civil Aviation |
||||||||||||||
|
|
|
||||||||||||||
|
Name : |
Mr. K.N. Shrivastava, IAS |
||||||||||||||
|
Designation : |
Joint Secretary, Ministry of Civil Aviation |
||||||||||||||
|
|
|
||||||||||||||
|
Name : |
Mr. S.R. Mehra, IPS |
||||||||||||||
|
Designation : |
Commissioner of Security, (Civil Aviation), BCAS |
BUSINESS DETAILS
|
Line of Business : |
Airport Authority |
|
|
|
GENERAL
INFORMATION
|
Bankers : |
State Bank of India, New Delhi, India |
|
|
|
|
|
|
|
Banking
Relations : |
Good |
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
The Airports Authority of India (AAI) was formed on 1st
April 1995 by merging the International Airports Authority of India and the
National Airports Authority with a view to accelerate the integrated
development, expansion and modernization of the operational, terminal and cargo
facilities at the airports in the country conforming to international
standards.
AAI manages 11 International Airports, 89 Domestic Airports and 26 Civil
Enclaves. AAI controls and manages the entire Indian Airspace (excluding
the special user airspace) extending beyond the territorial limits of the
country, as accepted by international Civil Aviation Organisation.
AAI Today
AAI manages 126 airports, which include 11 international airports, 89 domestic
airports and 26 civil enclaves at Defence airfields. AAI also provides Air
Traffic Management Services over entire Indian Air Space and adjoining oceanic
areas with ground installations at all airports and 25 other locations to
ensure safety of aircraft operations.
The airports at Ahmedabad, Amritsar, Bangalore, Goa,
Guwahati, Hyderabad and CIAL (Pvt.), in addition to those at Mumbai, Delhi,
Calcutta, Chennai and Thiruvananthapuram, are today International Airports open
to operations even by Foreign International Airlines. Besides the International
flights by National Flag Carriers operate from Calicut, Coimbatore,
Tiruchirappalli, Varanasi, Jaipur and Gaya airports too. Tourist Charters now
touch Agra, Coimbatore, Jaipur, Lucknow, Patna airports etc.
AAI's proposal to lease out, on global tender basis, the
four most profitable jewels in its crown viz. Delhi, Mumbai, Kolkata and Chennai
airports primarily aims to upgrade these to emulate the world standards.
All major air-routes over Indian landmass are Radar covered
(24 Radar installations at 11 locations) alongwith VOR/DVOR coverage (72
installations) co-located with Distance Measuring Equipment (71 installations),
39 runways provided with ILS installations with Night Landing Facilities at 36
airprots and Automatic Message Switching System at 15 airports.
AAI's successful implementation of Automatic Dependence
Surveillance system, using indigenous technology, at Calcutta and Chennai Air
Traffic Control Centres, gave India the distinction of being the first country
to use this advanced technology in the South East Asian region enabling
effective Air Traffic Control over oceanic areas using satellite mode of
communication. Use of remote controlled VHF coverage, alongwith satellite
communication links, has given added strength to the Air Traffic Management
System. Linking of 80 locations by V-Sat installations during 2005 shall vastly
enhance Air Traffic Management and in turn safety of aircraft operations
besides enabling administrative and operational control over the extensive
airport network.
AAI's endeavour in enhanced focus on 'customer's
expectations' has evinced enthusiastic response to independent agency organised
customer satisfaction surveys at 30 busy airports. These surveys have enabled
them to undertake improvements on aspects recommended by the airport users. The
receptacles for the 'Business reply letters' at airports have gained
popularity, these responses enable them to understand the changing aspirations
of airport users. During the first year of the millennium, AAI endeavours to
make its operations more transparent and the availability of instantaneous
information to customers by deploying state-of-art Information Technology.
The specific training focus on improving employee response
and professional skill upgradation has been manifested. AAI's four training
establishments viz. Civil Aviation Training College - Allahabad, National
Institute of Aviation Management and Research - Delhi and Fire Training Centres
at Delhi and Kolkata are expected to be busier than ever before during 2001.
AIRPORTS
AUTHORITY OF INDIA
Airports
Authority of India (AAI) was constituted by an Act of Parliament and came into
being on 1st April, 1995 by merging erstwhile National Airports Authority and
International Airports Authority of India. The merger brought into existence a
single Organization entrusted with the responsibility of creating, upgrading,
maintaining and managing Civil Aviation infrastructure both on the ground and
air space in the country. Despite many tragic occurrences like 9/11, Afghan
war, Iraq war and SARS that struck the Civil Aviation sector the world over during
the last few years and left it bleeding, AAI has persistently come up with good
results, showing all around growth including increased revenue and higher level
of profitability while building up the infrastructure.
AAI
has set for itself ambitious targets for upgrading the infrastructure during
the 10th Five - Year Plan and is working steadily to achieve these targets. AAI
manages 126 airports, which include 11 international airports, 89 domestic
airports and 26 civil enclaves at Defence airfields. AAI provides air
navigation services over 2.8 million square nautical miles of airspace. During
the year 2002-03, AAI at various airports handled about 5 lakhs aircraft
movements (4 lakhs domestic and 1 lakh international);40 million passengers (26
million domestic and 14 million international) and 9 lakh tones of cargo (3
lakh domestic and 6 lakh international).
1. PASSENGER
FACILITIES :
Improvement
of passenger facilities is a continuous process. AAI has to cater to very demanding
customers who in the wake of globalization have the exposure to the best of
facilities are available at other international airports in the world over and
the airlines operators who by virtue of their nature of operation are exposed
to the best of facilities and services available at other international
airports.
AAI has been continuously striving to meet these challenges.
Customer satisfaction surveys conducted periodically by outside agencies has
been a vital source of feedback on the deficiencies of the system as also the
expectations of the traveling public. It has been the endeavour in AAI to
address these issues on priority.
2. AIR NAVIGATION SERVICES :
In tune with global approach to
modernization of Air Navigation infrastructure for seamless navigation across
state and regional boundaries, AAI has been going ahead with its plans for
transition to satellite based Communication, Navigation, Surveillance and Air
Traffic Management. A number of co-operation agreements and Memoranda of Co-operation
have been signed with US Federal Aviation Administration, US Trade and
Development Agency, European Union, Air Services Australia and the French
Government, co-operative projects and studies initiated to gain from their
experience. Through these activities more and more executives of AAI are being
exposed to the latest technology, modern practices and procedures being adopted
to improve the overall performance of Airports and Air Navigation Services.
Induction of latest
state-of-the-art equipment, both as replacement of old equipments and also as
new facilities to improve standards of safety at airports and in the air is a
continuous process. Adoption of new and improved procedure go hand in hand with
induction of new equipment. Some of the major initiatives in this direction are
introduction of Reduced Vertical Separation Minima (RVSM) in Indian airspace to
increase airspace capacity and reduce congestion in the air and implementation
of GPS and Geo Augmented Navigation GAGAN jointly with ISRO which when
operationalised would be one of the four such systems in the world.
3. SECURITY :
The continuing security
environment has brought into focus the need for strengthening security of vital
installations. There was thus an need to revamp the security at airports not
only to thwart any misadventure but also to restore confidence of the traveling
public in the security of air travel as a whole, which was shaken after the
9/11 tragedy. With this in view, a number of steps were taken including
induction of CISF for airport security, CCTV surveillance system at sensitive
airports, latest and state-of-the-art X-Ray baggage inspection systems.
Perimeter security and surveillance systems, smart cards for access control to
vital installations at airports are also being considered for introduction to
supplement efforts of security personnel at sensitive airports.
4. AERODROME FACILITIES :
In Airports Authority of India,
the basic approach to planning of airport facilities has been to create
capacity ahead of demand. In the efforts towards implementation of this
strategy, a number of projects for extension and strengthening of runway, taxi
track and aprons at different airports has been taken up. Extension of runway
to 7500 feet to support operation of Airbus-320 / Boeing 737-800 category of
aircrafts at all airports where jet aircrafts currently operate has been taken
up. Among the major projects currently in progress/completed during the last
year include new terminal buildings at Bhuj, Kangra and Pathankot, Ahmedabad,
Porbandar constructions of canopies, extension of terminal buildings at
Bangalore, Calicut, Ahmedabad extension and strengthening of runway at
Agartala, Varanasi and Jaipur.
5. HRD-TRAINING
:
A large pool of trained and
highly skilled manpower is one of the major assets of Airports Authority of
India. Development and technological advancements and consequent refinement of
operating standards and procedures, new standards of safety and security and
improvements in management techniques call for continuing training to update
the knowledge and skill of officers and staff. AAI has a number of training
establishments, viz. NIAMAR in Delhi, CATC in Allahabad, Fire Training Centres
at Delhi and Kolkata for in-house training of its engineers, Air Traffic
Controllers, Rescue & Fire fighting personnel, etc. NIAMAR & CATC are
members of International Civil Aviation Organization (ICAO) TRAINAIR programme
under which they share Standard Training Packages (STP) from a central pool for
imparting training on various subjects. Both CATC & NIAMAR have also
contributed a number of STPs to the Central pool under ICAO TRAINAIR programme.
Foreign students have also been participating in the training programmes being
conducted by these institutions.
6. IT IMPLEMENTATION :
Information Technology holds the key to operational and
managerial efficiency transparency and employee productivity. AAI initiated a
programme to inculcate IT culture among its employees and this most powerful
tool to enhance efficiency in the Organization. AAI website with domain name www.airportsindia.org.in
or www.aai.aero is a
popular website giving a host of information about the organization besides
domestic and international flight schedules and such other information of
interest to the public in general and the passengers in particular.
Functions of AAI
·
Control
and management of the Indian airspace extending beyond the territorial limits
of the country, as accepted by ICAO
·
Design,
Development, Operation and Maintenance of International and Domestic Airports
and Civil Enclaves.
·
Construction,
Modification and Management of Passenger Terminals
·
Development
and Management of Cargo Terminals at International and Domestic airports.
·
Provision
of Passenger Facilities and Information System at the Passenger Terminals at
airports.
·
Expansion
and strengthening of operation area viz. Runways, Aprons, Taxiway, etc.
·
Provision
of visual aids.
·
Provision
of Communication and Navigational aids viz. ILS, DVOR, DME, Radar, etc.
Consultancy Services
Consultancy Division undertakes consultancy assignments like
feasibility studies, airport design project implementation & project
supervision, manpower training, Airport Management & operation on turnkey
basis, providing manpower for airport operation including air traffic services,
Ground Nav./Surveillane facilities etc. The AAI has undertaken consultancy
projects in Libya, Algeria, Yemen, Maldives, Nauru, Afghanistan.
The AAI has its own
Flight Calibration Unit for calibration of ground aids as per the ICAO
stipulations. Over the years the Flight Calibration Unit of the Airports
Authority has undertaken flight calibration jobs in Afghanistan, Bangladesh,
Bhutan, Cambodia, Laos, Maldives, Nepal, Sri Lanka.
The Airports Authority of India has not only undertaken
projects abroad but has also provided trained experts for manning air traffic
control, operation and maintenance of Radar and Nav. Aids to Afganistan, Iraq,
Libya, Maldives, Nauru, Nepal, Nigeria, Zambia etc.
A number of Indian aviation experts are even today engaged by ICAO Technical
Co-operation Programmes and other consultancy assignments to various ICAO
participating nations
Airport Planning
Planning has been an integral part of the AAI.
Almost all departmental processes at the airports have been undertaken in house
be it airport feasibility studies, design of passenger terminals, cargo
terminals, aircraft hangars, aircraft parking stand with fuel hydrant systems,
runway and taxiway lighting, approach lighting systems, air-conditioning
arrangements, passenger information systems, baggage handling systems, car
parking facilities etc.
38 airport Architects, working in close
coordination with Civil and Electrical and HVAC Engineers, airport operation experts,
air traffic controllers etc constitute the airport planning division. Airport
master planning including land use plans; environmental aspects etc. constitute
an integral part of airport planning division. Airport master planning
including land use plans, environmental aspects etc. constitute an integral
part of airport planning processes.
The Airport Planning Department of the AAI
utilizes in house Computer Aided Design (CAD) concepts.
Corporate Planning and Management Services
The corporate planning and management services
department is primarily engaged in compilation of data/information on aircraft
movements, international and domestic passengers and cargo transiting through
the airports, organizing user satisfaction surveys, conducting normative
surveys to evaluate passenger and cargo processing time and area required for
designated terminal capacities to streamline systems for optimum infrastructure
utilization, scanning developments in civil aviation sector the world over to
keep abreast with the trends in airport ground infrastructure utilization and
management techniques.
The department consists of statisticians and
airport management executive, with field representatives at major airports for
on site compilation of correct information. Interaction with airline operators,
ministry of commerce, ministry of industry and international bodies associated
with civil aviation, other airport operating agencies etc. is maintained by the
department to keep abreast with the fast changing developments in the civil
aviation infrastructure industry.
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 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.42.37 |
|
UK Pound |
1 |
Rs.84.01 |
|
Euro |
1 |
Rs.65.96 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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 |
|