MIRA
INFORM REPORT
|
Report Date : |
04.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
M-FAR CONSTRUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
No. 8 & 8A, AVS Compound, Koramangala, Bangalore – 560034, Karnataka
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
26.04.1996 |
|
|
|
|
Com. Reg. No.: |
020374 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U85110KA1996PTC020374 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRM01940B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Construction of Office and Commercial Building |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 840000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well – established and reputed company meeting its normal
commitments timeously. Trade relations are fair. Business is active. General
financial position is good. The company can be considered good for normal business dealings. |
LOCATIONS
|
Registered Office : |
No. 8 & 8A, AVS Compound, Koramangala, Bangalore – 560034,
Karnataka |
|
Tel. No.: |
91-80-41102170 |
|
Fax No.: |
91-80-41102250 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Regional Offices : |
Kolkata
Tel. No. 91 33 24416182 / 84 Delhi K-13/15, DLF, Phase II, Gurgaon. Tel. No. 91 11 30825388 / 30825389 Fax. No. 91 11 26451152 Hyderabad Bldg No. 9-1-70, 74, 75/1/1A, S. Mohamed Ali & Sons Compound, #32,
Sarojini Devi Road, Above Canara Bank, Ist Floor, Secunderabad – 500003.
Andhra Pradesh.
Mobile No.: 91 93930 88411 Fax. No. 91 40 23732791 Mumbai Unit No – 504, Plot No.61, 5th Floor, Raheja Arcade, Sector CBD Belapur, Tel. No. 91 22 27565833 |
Tel. No. 91 40 27803823 / 30987082
DIRECTORS
|
Name : |
Dr. P Mohamed Ali |
|
Designation : |
Chairman |
|
Address : |
‘CMANDANAPARABIL House’, Talikulam Post, Trichur, Kerala |
|
Date of Birth/Age : |
06.06.1949 |
|
Date of Appointment : |
26.04.1996 |
|
|
|
|
Name : |
Mr. C D George |
|
Designation : |
Director |
|
Address : |
J Block, 1st Floor, Unity Building, JC Road, Bangalore,
Karnataka |
|
Date of Birth/Age : |
21.05.1944 |
|
Date of Appointment : |
26.04.1996 |
|
|
|
|
Name : |
Mr. P M Haris |
|
Designation : |
Director |
|
Address : |
Shalimar West, Nadakkan, Calicut, Kerala |
|
Date of Birth/Age : |
24.03.1968 |
|
Date of Appointment : |
26.04.1996 |
|
|
|
|
Name : |
Mr. Fathimathul Zuhra |
|
Designation : |
Director |
|
Address : |
‘CMANDANAPARABIL House’, Talikulam Post, Trichur, Kerala |
|
Date of Birth/Age : |
23.03.1976 |
|
Date of Appointment : |
15.05.2006 |
KEY EXECUTIVES
|
Name : |
Mr. B K Dhar |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 31.03.2007
|
Names of Shareholders |
|
No. of Shares |
|
Dr. P Mohamed Ali |
|
3740501 |
|
Mr. Rasiya Mohamed Ali |
|
1 |
|
Mr. C D George |
|
1246825 |
|
Mr. AM Abdul Samath |
|
1 |
|
Mr. SKK Nair |
|
1 |
|
Mr. Safia Abdul Ramiman |
|
1 |
|
Mr. P M Haris |
|
1 |
|
M/s. Chemmanur Jewellers Limited |
|
1 |
|
Total |
|
4987332 |
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Construction of Office and Commercial Building |
|
|
|
|
Imports : |
|
|
Countries : |
Europe, China and Japan |
|
|
|
|
Terms : |
|
|
Purchasing : |
On LC Basis |
GENERAL
INFORMATION
|
Customers : |
|
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Verma and Verma Chartered Accountant |
|
Address : |
No. 565, 17th Cross, Indira Nagar II Stage, Bangalore –
560038, Karnataka |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 31.03.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10,000,000 |
Equity Shares |
Rs. 10/- Each |
Rs. 100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4,987,332 |
Equity Shares |
Rs. 10/- Each |
Rs. 49.873 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 |
49.873 |
42.540 |
42.540 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
118.733 |
70.561 |
24.186 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
168.606 |
113.101 |
66.726 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
296.493 |
134.584 |
120.862 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
296.493 |
134.584 |
120.862 |
|
|
DEFERRED TAX LIABILITIES |
10.206 |
2.965 |
7.036 |
|
|
|
|
|
|
|
|
TOTAL |
475.305 |
250.650 |
194.624 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
250.159 |
157.755 |
115.643 |
|
|
Capital work-in-progress |
0.765 |
11.377 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.073 |
0.062 |
0.062 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
453.356
|
221.637 |
181.821 |
|
|
Sundry Debtors |
505.214
|
356.503 |
201.164 |
|
|
Cash & Bank Balances |
87.315
|
38.429 |
30.411 |
|
|
Other Current Assets |
0.456
|
0.422 |
0.289 |
|
|
Loans & Advances |
100.793
|
36.281 |
43.618 |
|
Total
Current Assets |
1147.134
|
653.272 |
457.303 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
876.548
|
525.032 |
339.514 |
|
|
Provisions |
46.278
|
46.784 |
38.878 |
|
Total
Current Liabilities |
922.826
|
571.816 |
378.392 |
|
|
Net Current Assets |
224.308
|
81.456 |
78.911 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.008 |
|
|
|
|
|
|
|
|
TOTAL |
475.305 |
250.650 |
194.624 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover |
|
2404.450 |
1695.238 |
|
|
Other Income |
|
216.009 |
19.383 |
|
|
Total Income |
|
2620.459 |
1714.621 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
126.532 |
110.476 |
|
|
Provision for Taxation |
|
48.323 |
39.847 |
|
|
Profit/(Loss) After Tax |
|
78.209 |
70.629 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Financial Charges |
|
33.252 |
16.567 |
|
|
Depreciation & Amortization |
|
58.841 |
30.405 |
|
|
Other Expenditure |
|
2401.834 |
1557.173 |
|
Total Expenditure |
|
2493.927 |
1604.145 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
2.98
|
4.11 |
-- |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.26
|
6.51 |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.05
|
13.62 |
-- |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.75
|
0.97 |
-- |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.23
|
6.24 |
7.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.14 |
1.20 |
LOCAL AGENCY
FURTHER INFORMATION
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U85110KA1996PTC020374 |
|
Name of the
company |
MFAR CONSTRUCTIONS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
No. 8 & 8A, AVS Compound, Koramangala, Bangalore – 560034,
Karnataka |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank Houseenapati Bapat Marg, Lower Parel,
Mumbai – 400013, Maharashtra |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement for
loan and guarantee |
|
Date of
instrument Creating the charge |
05.06.2008 |
|
Amount secured by
the charge |
Rs. 0.516
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
- @11.50% On delay in the repayment
of interest and other repayment by the company beyond such repayment due
date, the bank shall be entituled to charge an additional interest @ 2% or
such other rate as may be specified by the bank from time on the entire such
outstanding amount due to the bank Terms of
Repayment – The loan is repayable in 47 EMIS of Rs. 0.013 Millions starting
from 15.06.2008 ending on 15.04.2012 Margin - As may be stipulated by bank from time
to time Extent and
Operation of the charge - The company
hypothecates to and charges in favor of the bank Others – The bank
shall be absolutely entitled and have full power and authority to sell,
assign or trabsfar in any manner to any third party of the banks choice
without reference to or without written intimation to the company |
|
Short particulars
of the property charged |
Hypothecation of
Construction equipment namely, Maker and Model, Ajax Fiori Engi. Pvt ltd,
Ajax Fiori Site Dumper |
As per website
details
Corporate Profile
Subject was
established in India in April 1996, as an associate company of M/s Galfar
Engineering and Contracting LLC, Muscat, one of the largest and most reputed
companies in the Middle East, having its offices in Brunei, UAE, Qatar and
India. Subject is the brainchild of two outstanding men – Dr P Mohamed Ali,
Managing Director of M/s Galfar Engineering and Contracting LLC, Muscat, and Mr
C D George, at the helm of Chemmanur Group of Companies.
Dr P Mohamed Ali was honoured by the Prime Minister, Sri Atal Bihari Vajpayee
with the “Pravasi Bharatiya Samman Award” in January 2004 for his outstanding
contribution to the society. In addition to numerous other distinguished
awards, he has also been conferred the “Oman Civil Order” (the only Indian to
be presented with this coveted award), by His Majesty Sultan Qaboos bin Said;
& “Honorary Doctorate of Science” by Caledonian University of Glasgow. He
also received the prestigious “IOD Distinguished Fellowship Award – 2007” from
the Institute of Directors on 22 Aug 07.
An undertaking of this magnitude requires a very highly competent and dynamic
person at the helm. Subject is ably led by Mr B K Dhar, who has vast &
varied experience in the construction industry and had carried out outstanding
work with Galfar at the Senior Management level before taking over Subject as
its Chief Executive Officer. A Company designing itself on “GUNG HO” spirit,
Subject has on its roles experienced team of construction executives who are
technically sound and totally devoted to their profession. The Organisation at
the Corporate level is included in this Company Profile.
Quality, speed, safety and modernization are the hallmarks of this company.
Staffed by young and competent members, skippered by a talented, experienced
and a go-getter CEO. Subject having established its regional offices at
Kolkata, Chennai and Hyderabad is well on its way to becoming a leading
construction company in Karnataka and making its mark at the national level, in
the near future. The company aims to contribute to the nation-building effort
in a substantial way by providing quality construction for the betterment of
the society and by dedicating itself to perfecting construction by adopting
modern technology & latest construction techniques.
Projects
Subject has successfully executed a number of projects in Kerala, Andhra
Pradesh, Goa & Karnataka and presently executing many more and also taken
up projects in West Bengal and Tamil Nadu. The details of certain prestigious
projects (completed/ongoing) alongwith some photographs are enclosed.
The company has impressive array of modern construction machinery to match its
mission of becoming a leader in the construction field in the near future.
Subject has acquired the latest plant, equipment & scaffolding materials to
ensure that all the works undertaken by the company, are completed well in time
and also meet the international quality standards. The details of plant,
machinery & scaffolding materials held by the company are enclosed. Subject
has enough scaffolding material to cover an area of approximately 10,00,000 sq.
ft.
Projects Undertaken
Yenepoya
Medical College & Hospital, Mangalore- P A
College of Engineering, Mangalore
- Cochin
Convention Centre, Cochin
- Le-Meridien
- Five Star Hotel, Cochin
- Delta
Court Apartment Block, Mangalore
- Vidyashilp
School, Yelahanka, Bangalore
- Prashanthi
Nilayam, Puttaparthy, Andhra Pradesh
- Embassy
Heights
- Veer
Soudha
- TATA
Sherwood Housing Project
- Landscape
Shire, Residential Complex, Miramar, Panaji, Goa
- Sangam
Point - Phase I
- Golf
Link Software Park - Block 'B' Bangalore
- SDM
College of Medical Sciences and Hospital, Dharwad
- Green
Woods
- "Horizon
Homes", Residential Block, Museum Compound, Mangalore
- Jamia
Abad Mosque, Bhatkal
- Fatima
Hajiani Boys Hostel, Bhatkal
- Embassy
Meadows, Residential Blocks, Bangalore
- The
Horizon
- IBC
Knowledge Park (Phase - 1), Bannerghatta Road, Bangalore
- "Ittina
Souparnika", Residential Flats, Sarjapur Road, Banglaore
- Essel
Tower Commercial Complex, Mangalore
- Ittina
Abby Residential Complex, LBS Nagar, HAL, Bangalore
- Purva
Parkridge - Mock-up Villas, KR Puram Hobli, Bangalore
- Buddhist
Monastery "Choera", Hostel and Guest House, Mundgod
- Ittina Neela
Residential Apartments, Huskur Rd, Bommasandra, Bangalore
- Liberty
Citilight Residential Complex, Bangalore
- "Sangam
Point" - Commercial Complex
- "The
Retreat", Residential Tower, Mangalore
- Le
Meridien Annexe Building, Cochin
- Yenepoya
Dental College, Mangalore
- Imperial
Medical Centre, Bangalore
- K-2
Tower, Residential Apartment Block, Mangalore
- Shriram
Sadhana Residential Complex, Mathikere, Gokula Temple, Bangalore
- Mfar
Silverline Tech Park, Bangalore
- Gasher
Norling Hospital, Mundgod
- Ittina
Akkala Residential Complex, Hoody Village, Whitefield Rd, Bangalore
- SDM
College of Medical Sci. & Hospital, Dharwad
- Mfar-Manyata
Tech Park, Hebbal Ring Rd, Bangalore
- Esteem
Gardenia Apartments Complex, Off Bellary Road, Bangalore
- Esteem
Mall Commercial Complex, Hebbal, Bangalore
- Brigade
Gardenia Residential Complex, JP Nagar, 8th Phase, Bangalore
- "Cineplex"
Commercial Complex, Mangalore
- SJR Park
Vista, Bangalore
- Knowledge
Park (Phase - 2), Bangalore
- Bharat
Auto Cars - Maruti Show Room, Mangalore
- “TESCO
Hindustan Service Centre”, Bangalore
- Drepung
Loseling Monastery, Mundgod
- Salarpuria
Tech Point, Bangalore
- Esteem
Royale Residential Complex, Bangalore
- Oceanus
Freesia Enclave, Bangalore
- The
Pacific City, Chennai
- Akarsh
Infotech & Infrastructure
- IT Green
- TVH Park
Rozalia
- Wyeth
Project R & D Facility, Hyderabad
- Adarsh
Subex Block
- Wipro
Software Development , Block 4
- Naravana
Hrudayalava, Bangalore
Current Projects
- Marriot
Hotel
- Plama
Icon, Mangalore
- Yenepoya
School
- Knowledge
Park
- Hibiscus
Residential Complex, Gurgaon
- SJR
Mall, Bangalore
- Banyan
Tree Retreat (Ph 1) - Hyderabad
- Engineering
Design Centre at IITM - IIT Madras, Chennai
- Adarsh
Software Park - Sarjapur Outer Ring Road, Bangalore
- Engineering
Design Center at IITM, Chennai
- RMZ -
ECOSPACE, KOLKATA
- Ambuja
ECOSPACE, Kolkata
- Wipro
Software Development Centre, Bhubaneshwar
- AIR
Tower, Kolkata
- Asansol
Centrium, Asansol
- Malancha
Housing Complex, Kolkata
- Commercial
Complex at Haldia
- Ashoka
ALa Maison
- Bengal
Intelligent Park, Salt Lake, Kolkata
- Gallery
Residential Complex, Mangalore
- Citi
Centre Commercial cum Residential Complex, Mangalore
- Corporate
Centre of United Telecom, Bangalore
- Vasundhara
Phase II, Bangalore
- Construction
Material Mall Commercial Complex, Kolkatta.
- Ashoka
Metropolitan Mall Commercial Complex, Hyderabad.
- "Hotel
Bellaire" Service Apartments, Bangalore.
- Hiland
Woods, Kolkata
- Satyam
Software Development Block, Bangalore
- Globsyn
Crystals, Kolkata
- First
Technology Place - Phase III, Bangalore
- "The
Hub" IT Park Kolkata
- "Ashoka
A-la-maison" Residential Project, Hyderabad
- "Nursing
& Physiotherapy College" in YMDC, Mangalore
- Platinum
City, Bangalore
- South
City Garden, Kolkata
- "SDM
College of Nursing & Physiotherapy", Dharwad
- "Uniworld
City Garden" Phase 1 B Residential Project, Kolkata
- Renaissance
Temple Bells, Bangalore
- Car Park
at United Telecom Limited
- Golden
Heights
- "Wipro
Software Development Centre Block - 5", Kolkata
- "Surya
Mansions", Kolkata
- Vellore
Institute of Technology – International Boys Hostel
- "DAAJ
Hotel", Hyderabad
- "Mohtisham
Excel" Commercial Block, Mangalore
- "Plama
Rhythm" Commercial cum Residential Complex, Mangalore
- "Plama
Oceanic" Commercial cum Residential Complex, Mangalore
- Solar
Factory, Falta, 24 Parganas(South)
- Salarpuria
Sanctity, Bangalore
- Oncology
& Multi Specialty Hospital Building, Bangalore
- Jamia
Masiid, Mangalore
- Mischief
Megamall, Mangalore
- Construction
of Villa, Bangalore
- Salarpuria
Greenage, Bangalore
- BENFISH
Administration Building, Kolkata
- Shankar
Vittal Commercial, Mangalore
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 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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 |
|