MIRA
INFORM REPORT
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Report Date : |
06.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAYTAS PROPERTIES PRIVATE LIMITED |
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Registered Office : |
6-3-1186/5/A, 3rd Floor, Amogh Plaza, Begumpet, Hyderabad -
500016, Andhra Pradesh. |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
20.05.2005 |
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Com. Reg. No.: |
01-46307 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDM03993D |
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PAN No.: [Permanent
Account No.] |
AAECM2732Q |
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Legal Form : |
A Closely Held Public Limited Company |
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Line of Business : |
Real Estate Infrastructure Development. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 59530 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a established company, promoted by the Directors of Satyam
Computers Limited Available information indicates high financial responsibility
of the company. Trade relations are fair. Payments are usually correct and as
per commitments. The company can considered good for normal business dealings
at usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Venu Madhavan |
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Designation : |
Department Manager |
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Contact No.: |
91-9701002074 |
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Date : |
31.07.2008 |
LOCATIONS
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Registered Office : |
6-3-1186/5/A, 3rd Floor, Amogh Plaza, Begumpet, Hyderabad -
500016, Andhra Pradesh. |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office : |
Bachupally, Miyapur, Hyderabad – 500072, Andhra Pradesh, India |
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Tel. No.: |
91-40-40009111 |
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Fax No.: |
91-40-40009222 |
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Corporation Office : |
Ohri’s Atom, Plot No.13, Survey No.P64/2, Software Unit Layout,
Madhapur, Hyderabad – 500081 |
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Tel. No.: |
91-40-40409888 |
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Fax No.: |
91-40-40409889 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Suryanarayana Raju |
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Designation : |
Director |
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Address : |
123/A, Satyam Enclave, Petbasheerabad, Jeedimetla, Secunderabad –
500055, Andhra Pradesh. |
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Date of Birth/Age : |
12.05.1958 |
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Date of Appointment : |
20.05.2005 |
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Name : |
Mr. B Rama Raju |
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Designation : |
Director |
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Date of Birth/Age : |
08.03.1980 |
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Date of Appointment : |
23.11.2005 |
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Name : |
Mr. B Teja Raju |
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Designation : |
Director |
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Address : |
Plot No.1242, Road No.62, Jubilee Hills, Hyderabad – 500034, Andhra
Pradesh |
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Date of Birth/Age : |
29.11.1978 |
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Date of Appointment : |
20.05.2005 |
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KEY EXECUTIVES
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Name : |
Mr. Sunil Kumar |
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Designation : |
Sales Manager |
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Address : |
Hill Country, Bachupally, Nizampet Road, Hyderabad – 500072 |
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Tel. No.: |
91-40-40009115 (Direct) 91-40-40009111 Ext.115 |
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Mobile No.: |
91-9866552439 |
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Fax No.: |
91-40-40009222 |
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E-Mail : |
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Website : |
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Name : |
Mr. Badri Krishnaswami |
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Designation : |
Secretary |
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Address : |
Flat No.4, Hill Rock Apartment, 8-2-421, Road No.4, Banjara Hills,
Hyderabad – 500034, Andhra Pradesh, India |
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Date of Birth/Age : |
05.08.1963 |
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Date of Appointment : |
10.01.2008 |
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E-Mail : |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
AS ON 28.09.2007
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Bodies corporate |
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96.00 |
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Directors or relatives of directors |
|
4.00 |
BUSINESS DETAILS
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Line of Business : |
Real Estate Infrastructure Development. |
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Imports : |
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Countries : |
China and Europe |
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Terms : |
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Selling : |
Cash, Credit and Transaction. |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
800 |
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Bankers : |
Ř Axis Bank, Green
Land, Hyderabad Ř IDBI Bank,
Bashibad Ř ICICI Bank,
Jugli Hills, 1-11-256, Street No.1, Begumpet, Hyderabad – 500016, Andhra Pradesh, India Ř State Bank of
India Ř State Bank of
Mauritius Limited 6-3-1186/5/A, 3rd Floor,
Amoghplaza, Begumpet, Hyderabad – 500016, Andhra Pradesh, India. Ř
Syndicate Bank Corporate Finance Branch, 6-3-666, 1st
Floor, Lumbini Towers, Opp to NIMS, Panjagutta, Hyderabad – 500082, Andhra
Pradesh, India. |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Krishna and Prasad Chartered Accountant |
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Address : |
G – 26, Ground Floor, R B V R Reddy Hostel Complex, Tilak Road,
Hyderabad – 500001, Andhra Pradesh, India |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
AS ON 28.09.2007
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs. 100/- Each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity Shares |
Rs. 100/- Each |
Rs.0.500 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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3500.000 |
Expected Sales (2008-09) : Rs.7500.000 Millions
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.500 |
0.500 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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11.406 |
0.000 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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11.906 |
0.500 |
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LOAN FUNDS |
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1] Secured Loans |
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1595.054 |
246.096 |
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2] Unsecured Loans |
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0.000 |
0.000 |
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TOTAL BORROWING |
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1595.054 |
246.096 |
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DEFERRED TAX LIABILITIES |
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0.004 |
0.000 |
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TOTAL |
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1606.964 |
246.596 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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22.871 |
20.694 |
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Capital work-in-progress |
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0.000 |
0.000 |
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INVESTMENT |
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0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
5.087 |
5.087 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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374.555 |
161.550 |
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Sundry Debtors |
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0.00 |
0.000 |
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Cash & Bank Balances |
|
708.778 |
34.254 |
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Other Current Assets |
|
1.339 |
0.263 |
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Loans & Advances |
|
2586.325 |
374.197 |
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Total
Current Assets |
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3670.997 |
570.264 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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2044.366 |
358.346 |
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Provisions |
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47.638 |
1.228 |
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Total
Current Liabilities |
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2092.004 |
359.574 |
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Net Current Assets |
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1578.993 |
210.690 |
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MISCELLANEOUS EXPENSES |
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0.011 |
0.015 |
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TOTAL |
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1606.964 |
246.596 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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|
31.03.2007 |
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Sales Turnover |
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NA |
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Other Income |
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NA |
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Total Income |
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NA |
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Profit/(Loss) Before Tax |
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|
24.849 |
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Provision for Taxation |
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|
3.336 |
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Profit/(Loss) After Tax |
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21.513 |
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Expenditures : |
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Administrative Expenses |
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98.962 |
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Depreciation & Amortization |
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2.713 |
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Total Expenditure |
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101.675 |
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KEY RATIOS
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PARTICULARS |
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|
31.03.2007 |
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PAT / Total Income |
(%) |
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NA |
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Net Profit Margin (PBT/Sales) |
(%) |
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NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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|
00.67 |
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Return on Investment (ROI) (PBT/Networth) |
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2.08 |
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Debt Equity Ratio (Total Liability/Networth) |
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309.68 |
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Current Ratio (Current Asset/Current Liability) |
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1.75 |
LOCAL AGENCY
FURTHER INFORMATION
Form No. 8
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This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U45200AP2005PTC046307 |
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Name of the
company |
MAYTAS HILL
COUNTRY PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
6-3-1186/5/A, 3rd Floor, Amogh Plaza, Begumpet, Hyderabad,
Andhra Pradesh - 500016 |
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Type of charge |
Book Debts Other |
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Particular of
charge holder |
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Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation |
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Date of
instrument Creating the charge |
05.01.2007 |
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Amount secured by
the charge |
Rs.450.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 3.02% per annum
belowthe sum of ICICI Banchmarh Advance Rate and the term premium prevailing
on the date of disbursement Terms of
Repayment Repayable in
three installments Extent and
Operation of the charge The charge
operates as security for repayment of credit facilities. Others Nature of limits sanctioned
is: Rupee Term Loan |
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Short particulars
of the property charged |
A pari passu
first charge among lenders by way of assignment of all rights, title,
interest, claims, benefits, demands under project documents both present and
future. A pari pasu first charge among lenders by way of assignment of the
schedule receivables, insurance proceeds, both present and future. An
exclusive charge on the escrow account with ICICI Bank. |
|
Name of the company |
MAYTAS RAJESHWARI DEVELOPMENT PRIVATE
LIMITED |
||||||||||
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Presented By |
SHRI B Teja Raju, Director |
||||||||||
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1) Date and description of instrument creating the change |
29.08.2005 –
Agreement of Hypothecation of goods and assets. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Short term loans
of Rs.235.000 Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of
escrowing of receivable [in respect of the proposed township project (phase -
1) at Bachupally] viz., advance payment from buyers and sale / less
receivable of the dwelling and non dwelling units. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
1.Purpose of the
Loan For working
capital expenses of the project towards meeting cash flow deficit in respect
of the proposed township project (Phase – 1) at Bachupally. 2. Rate of
Interest BPLR minus 1.25%
i.e., presently 9.00% p.a. (effective minimum rate of interest will remained
at 9.00% p.a.) 3. Repayable
Dates 5 quarterly
installments starting from June, 06 to Aug, 07 as per the details given
bellow :
|
||||||||||
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5) Name and Address and description of the person entitled to the charge. |
Industrial
Development Bank India Limited Commercial Bank
SBU (CBSBU), Mahavir House, Basheerbagh Square, Hyderabad – 500029 |
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6) Date and brief description of instrument modifying the charge |
N.A. |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
N.A. |
Press Release
Maytas Properties launches "walk
to work" IT-ITeS SEZ in Hyderabad
Hyderabad-based real estate developer Maytas Properties Ltd said it has launched its first special economic zone (SEZ) for IT and IT-enables Services (ITeS).
According to Maytas, the SEZ, which is coming up on an integrated township called Maytas Hill County spread across 376 acres, will have a total land area of 74 acres with built-up area of 8 million square feet (sq ft).
Maytas, which is promoted by India's fourth largest IT consultant and software exporter Satyam Computer Services, will invest Rs.2500 crore in the SEZ project. The funds for the project will be raised through a mix of debt and equity.
Maytas has roped in the New York-based architect Skidmore Owings & Merrill (SOM), which designed world-class structures including Sears Towers, Chicago, Freedom Towers New York, and Burj in Dubai, for the project.
In the first phase of the SEZ project, 1.3 million sq ft would be ready for occupation by April 2009.
The entire project (SEZ and the township) is expected to be complete by 2016 or 2018.
"The world-class SEZ at Maytas Hill County will add impetus to the growth of the state and the company. Through this project, we envisage providing superior quality lifestyle for residents of Maytas Hill County - all within a quick jaunt to their workplaces," said K. Thiagarajan, CEO., Maytas Properties, while announcing the signing up of its first client, Wells Fargo Solutions, a wholly owned subsidiary of US-based diversified financial services company Wells Fargo and Co., US.
The completed SEZ will house environment-friendly buildings and will generate 80,000 jobs, he added.
Web Details Attached
Recognizing the tremendous potential for real estate infrastructure
development, Subject Properties was founded in 2005 to build and manage quality
properties all across the country.
Subject Properties is the world’s first property development company to
have been certified as per four international standards - ISO 9001 - 2000, ISO
14001 – 2004, OHSAS 18001 – 1999 and SA 8000 – 2001, in one single attempt.
The promoters of Subject are actively involved in the
infrastructure development sector for the past 20 years. Subject Properties is
currently into residential & townships, commercial & SEZ, retail &
hospitality.
Subject Properties has several projects in the pipeline,
across India, and is led by a seasoned group of professionals from diverse and
rich backgrounds.
Senior Leadership
Team
B Rama Raju Jr –
Vice Chairman
Rama Raju Jr. is one of the key promoters of Subject and has been on the
board since 2005. He is an MBA from the Ross School of Business, University of
Michigan and holds an Engineering degree from Carnegie Mellon University in the
U.S. He aims to make Subject Properties the address of choice known for quality
and service the world over. He also serves on the board of Gland Pharma and is
actively involved in the community.
Thiagarajan – CEO
Thiagu has over 30 years experience in India and abroad of which the
last 10 years have been in top management positions of leading, high growth
public limited companies. He also served on the board of several leading
companies and has taught in leading business schools. He did his Engineering
from IIT Madras and got his business degree from IIM Ahmedabad.
Mallik Penamatsa –
Senior VP, International Operation and Marketing
Mallik has 25 years of international experience as a corporate
professional as well as an entrepreneur covering a wide variety of functions
including Operations, Marketing and Business Development. He has worked in
companies such as Cable & Wireless, Siemens and Entrepreneurial Ventures
which he had co-founded. Mallik is now responsible for establishing Subject
Corporate Identity, International Operations and new Business Development.
Srinivas Sagi –
Head, Supply Chain Management and Real Time Leadership Centre
A Business Process Specialist, Sagi has 20 years of experience in
healthcare and consulting. He spent 12 years at Johnson & Johnson in the
US, building and leading supply chain organizations. As a consultant with
PriceWaterhouseCoopers he advised fortune 500 companies devise Supply Chain
Strategies. A Certified Production and Inventory Management Professional (CPIM)
and a Project Management Professional (PMP), Sagi holds a degree in Engineering
and has a Masters in Industrial Engineering.
Badri K – CFO
Badri is a Chartered Accountant and a Company Secretary and has over 20
years of experience in finance of which he has spent 9 years in the infrastructure
sector. He also spent time in the Aluminum and Healthcare Insurance Sector.
Badri implemented IT systems and processes with strong internal control
mechanisms in the emerging TPA sector while working in the insurance sector.
Badri is heading the ERP implementation and is responsible for the overall
accounting and finance functions.
Sheela K – Head HR
Sheela is a Postgraduate from Central University of Hyd in English
Literature with an MBA from XLRI specializing in HR.
She has over 18 years of rich experience in HR with companies such as Tata
Steel, ITW Signode, Natco Pharma and Satyam Computers with progressive
responsibilities in India and abroad. During her last stint with Satyam she
served as Head of HR at Nipuna (the BPO arm of Satyam). Her expertise covers
people strategy and operations. Her focus at Subject is to induct and retain
the best talent and facilitate a high performance culture. She also lends
strategic HR support to Byrraju Foundation and EMRI.
Dr. Srinivas
Readdy – Head – Corporate Strategy and Leadership Development
An M.Phil and a Ph.D. degree holder in Business Administration from
Columbia University, Dr. Srinivas Reddy’s previous roles include: Director of the
Coca-Cola Center for Marketing Studies, Terry College of Business at the
University of Georgia and advisor to the Chief Minister of Andhra Pradesh,
India on the state’s Vision 2020 program for economic development.
Dr. Reddy has consulted for several Fortune
100 companies including IBM, Coca-Cola Company, Miller Brewing, Pfizer, Eli
Lilly, Home Depot, Chase, Turner Broadcasting, United Parcel Service, and Ford
Foundation. Author of three books and articles on various aspects of corporate
strategy, he has been recognized for his outstanding teaching and was the
recipient of Award for Teaching Excellence in 1994.
He is a Director of MRII (Marketing Research Institute International) and an
Advisory Board member of GfK Academy, Germany.
Sumith Reddy – Head Residential Townships
Vertical AP Region
Sumith has over 10 years of entrepreneurial experience building
companies in high tech and traditional industries. He co-founded Magma
consulting services in the US, which specializes in IT infrastructure and system
implementations where he played multiple roles in finance, strategy and
business development. Sumith was also the CEO of Asian Frontiers, which was one
of the early entrants into the data center space. He has an MBA from the US
specializing in International Business and Marketing.
Sanjay Chawla –
Business Head – Commercial and SEZ
Sanjay
Chawla is a Civil Engineering graduate from IIT Delhi and an MBA from Faculty
of Management Studies (FMS), Delhi University with approx. 22 years of rich and
multifaceted managerial experience in real estate, retail operations,
manufacturing and services industries while working with various organizations.
He
started his career with M/s Ansals - a renowned Real Estate company in Northern
India, on a multistoried residential complex and
rejoined
them later to manage the construction of one of their large commercial
complexes and moved on to become part of Business Development division looking
after hospitality projects. He later on worked with companies like GESCO and Honeywell
in different capacities managing different aspects of the real estate function.
Before
joining Subject as ‘Business Head – Commercial and SEZ’, his last two
assignments were with Convergys as Director - Assets and DLF as Vice President
– Retail Operations managing these functions pan India.
Subject Hill Country
Subject
Hill County, spread over an expanse of more than 300 acres with
state-of-the-art facilities and amenities is a world unlike any you've ever
known. The township comprising of a harmonious blend of independent houses
and apartments is located at Bachupally, Hyderabad, about 10 minutes drive from
Hi-Tech city.
Jubilee Hills Landmark Project:
Joint Venture with NCC and ICICI Bank
Subject
Properties’ Jubilee Hills Landmark project is spread over 5.7 acres of premier
land adjacent to KBR Park. The mixed use development of over 1,000, 000 Sq Ft
of space will include a 5 Plus Star Hotel, Luxury Apartments and high end
retail space.
Jubilee Hills Park View
Overlooking the tranquil KBR Park in
Jubilee Hills, this property will have over 70,000 Sq. Ft. of space and will
house IT offices and residential buildings.
SEZ at Subject Hill Country
A part of the Subject Hill County is
a 75 acre IT/ITES SEZ which will give residents the facility of walk-to-work, a
concept pioneered by Subject Properties in Hyderabad. The company’s LEED Gold
certified SEZs are located at Subject Hill County, Gopanpally and
Gundlapochampally. All these three SEZs are part of integrated townships which
are home to premium residences and exclusive recreational spaces, as well as
very well- connected to airports, highways and other strategic business
centers. The master planning for the SEZs has been designed by SOM, the world’s
leading architects.
Company Profile
Subject
is a professionally managed infrastructure and property development group
headquartered in Hyderabad. Founded in 1988 with a mission to enhance the
quality of life through infrastructure development, they have been providing
world class infrastructure construction services to the various projects they
have been involved in. Subject, in two decades of existence, has emerged as a
leading company that excels in the core business of infrastructure and property
development through design and construction of major civil engineering
projects. An ISO 9001:2000 certified company, Subject was adjudged as the
‘Fastest Growing Construction Company in India’ by the National Academy of
Construction in 2003.
The
Properties division of Subject ? Subject is poised to grow in a big way through
development, construction and management of building complexes with modern
amenities and ambience. Gauging from the rapidly growing dearth in urban
spaces, the demand for prime properties is set to witness a sharp upsurge.
Subject has geared up to tap this huge potential through business expansion in
areas such as: residential, commercial, hospitality, entertainment, office
spaces and SEZs.
Subject
Properties is promoted by the Raju family, the founders of Satyam Computers
Ltd., one of the leading software companies in India. Subject Properties,
incorporated on 3rd January 2005, has set itself a vision ?to be a world class
and India?s most respected property development company in the next five
years?.
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.42.00 |
|
UK Pound |
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.65.09 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
NO |
|
--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 |
|