MIRA
INFORM REPORT
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Report Date : |
14.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
RADHAKRISHNA HOSPITALITY SERVICES PRIVATE LIMITED |
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Registered Office : |
1st Floor, 23 A, Shah Industrial Estate, Off Veera Desai
Road, Andheri (West), Mumbai - 400
053, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
31.10.1994 |
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Com. Reg. No.: |
11 - 82543 |
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CIN No.: [Company
Identification No.] |
U99999MH1994PTC082543 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMR14794D |
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PAN No.: [Permanent
Account No.] |
AAACR2547Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Providing Catering Services to Hospitals, Event Managements, Schools Etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 1464040 |
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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 having substantial means of their own. Their trade relations are fair. General financial position is satisfactory. Payments are usually correct and as per commitments. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. G U Naik |
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Designation : |
Finance Manager |
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Contact No.: |
91-9967010016 |
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Date : |
13.08.2008 |
LOCATIONS
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Registered Office : |
6-7, Jyoti Wire
House, 1st
Floor, 23 A, Shah Industrial Estate, Off Veera Desai Road, Andheri [West],
Mumbai 400053, Maharashtra, India |
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Tel. No.: |
91-22-26730229 / 26730230 |
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Fax No.: |
91-22-26734894 |
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E-Mail : |
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Website : |
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Corporate Office : |
31, Shah Industrial Estate, Off. Veera Desai
Road, Andheri (West), Mumbai 400053, Maharashtra, India. |
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Tel. No.: |
91-22-26730355 / 26730356/ 67109417/
67109418 |
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Fax No.: |
91-22-26730276 |
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Branches : |
Mumbai
Ocbu,
iicbu and faciliities planning
Kolsite House, 1st Floor, 31, Shah Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai - 400 053 Tel. No. 91-22-6332095 / 63204617 Fax No. 91-22-6324614 regional
office - Maharashtra industrial and institutional catering
Contact Person : Mr. Dilip Lalwani Kolsite House, 1st Floor, 31, Shah Industrial Estate, Off. Veera Desai Road, Andheri (West), Mumbai - 400 053, Maharashtra, India Tel. No. 91-22-26730626/26730627 Fax No. 91-22-26730118 bangalore
industrial
and institutional catering / healthcare / education
Contact Person : Mr. Anil Kumar MIG 109, KHB Colony, 17th 'I' Main, 5th Block, Koramangala, Bangalore - 560 094 Tel. No. 91-80-5539320 Fax No. 91-80-5504332 kolkata
industrial
and institutional catering / healthcare / education
Contact Person : Mr. A. Sengupta 172-B, Jodhpur Park, Dhakuria, Kolkata - 700 068, West Bengal Tel. No. 91-33-24836316 / 18 Fax No. 91-33-24836316 chennai
industrial
and institutional catering / healthcare / education
Contact Person : Mr. V. Annadurai No. 5A, Senthil Andavar Street, Dhanalakshmi Colony Extension, Vadapalani, Chennai - 600 026, Tamilnadu Tel. No. 91-44-4834412 / 4836634 Fax No. 91-44-4832013 oilfield
and maritime catering
Door No. 403, 4th Floor, 'B' Block, Shivalaya Building, Commander-In-Chief Road, Chennai - 600 105, Tamilnadu Tel No. 91-44-8259492 Fax No. 91-44-8283509 goa
industrial
and institutional catering / healthcare / education
Contact Person : Mr. Orlando Dias C/o. International Centre, NIO Post Office, Goa University Road, Dona Paula, Goa - 403 004 Tel. No. 91-832-452805 Fax No. 91-832-452812 vadodara
industrial
and institutional catering / healthcare / education
Contact Person : Mr. R. S. Dev No. 32, Sushil Society, Behind Akota Garden, Akota, Vadodara - 390 020, Gujarat Tel. No. 91-265-333888 Fax No. 91-265-338028 hyderabad
industrial
and institutional catering / healthcare / education
7-1-64/A/1, First Floor, Dharam Karan Road, Ameerpet (Near Challa Nursing Home), Hyderabad - 500 016, Andhra Pradesh Tel. No. 91-40-3731019 / 23757415 oilfield
and maritime catering
Contact Person : Mr. Satish Tilak Kumar Plot No. 142, Ajit Colony, Behind Police Line, Ratanada, Jodhpur - 342 001, Rajasthan Tel. No. 91-291-515513 new
delhi
industrial
and institutional catering / healthcare / education
Contact Person : B-23, 1st Floor, Lajpat Nagar - II, New Delhi - 110 024 Telefax : 91-11-6936656 / 6936657 / 6936658 pune
industrial
and institutional catering / healthcare / education
Contact Person : Mr. Dilip Kulkarni 104, Swaroop Complex, 1st Floor, Karve Road, Pune - 411 004, Maharashtra Tel. No. 91-20-5460662 |
DIRECTORS
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Name : |
Mr. Didier Coutte |
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Designation : |
Director |
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Address : |
49, Rue Boulard, Paris |
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Date of Birth/Age : |
02.04.1958 |
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Date of Appointment : |
14.11.2006 |
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Name : |
Mr. Raju Shete |
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Designation : |
Chairman and Managing Director |
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Address : |
7-A, Lohtse Ruia Park, Juhu Tara Road, Juhu, Mumbai 400049,
Maharashtra, India |
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Date of Birth/Age : |
24.06.1961 |
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Date of Appointment : |
31.10.1994 |
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Name : |
Smt. Hemal Raju Shete |
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Designation : |
Director |
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Address : |
7-A, Lohtse Ruia Park, Juhu Tara Road, Juhu, Mumbai 400049,
Maharashtra, India |
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Date of Birth/Age : |
11.08.1961 |
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Date of Appointment : |
31.10.1994 |
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Name : |
Mr. Dupuis Alain Francois |
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Designation : |
Director |
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Address : |
23, Boulvero Sandeau, Paris, France |
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Date of Birth/Age : |
09.08.1944 |
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Date of Appointment : |
27.04.1995 |
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Name : |
Mr. Adam Philippe Michel |
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Designation : |
Director |
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Address : |
7, Rue Touriefort, Paris 73005, France |
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Date of Birth/Age : |
01.05.1967 |
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Date of Appointment : |
27.04.1995 |
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Name : |
Mr. Miguel Ramis Barrios |
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Designation : |
Director |
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Address : |
Palma De Mallorca Office, Cala Bona 15, Sapnish |
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Date of Birth/Age : |
17.04.1956 |
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Date of Appointment : |
16.12.1999 |
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Date of Ceasing : |
25.08.2004 |
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Name : |
Mr. Michel Cottet |
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Designation : |
Director |
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Address : |
15 Rue Florus, Carthage 2016, French |
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Date of Birth/Age : |
06.10.1943 |
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Date of Appointment : |
23.09.2004 |
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Name : |
Mr. K. A. Gopalakrishnan |
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Designation : |
Director |
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Address : |
103-104, Link Garden Tower No. 2, Off New Link Road, Andheri [West],
Mumbai 400053, Maharashtra, India |
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Date of Birth/Age : |
25.12.1958 |
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Date of Appointment : |
26.04.1995 |
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Date of Ceasing: |
28.01.2000 |
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Name : |
Mr. R. Srikrishnan |
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Designation : |
Director |
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Address : |
13, Amar Dham, 15th Road, Chembur, Mumbai 400071,
Maharashtra, India |
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Date of Birth/Age : |
21.11.1970 |
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Date of Appointment : |
28.01.2000 |
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Date of Ceasing: |
10.06.2002 |
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Name : |
Mr. Sunil Nayak |
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Designation : |
Chief Executive Officer |
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Name : |
Mr. Olivio Tavares |
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Designation : |
Chief Financial Officer |
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Name : |
Mr. Anandurai |
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Designation : |
Vice President – HR and Administration |
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Name : |
Mr. Jude D’Cruz |
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Designation : |
Consultant Special Projects |
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Name : |
Mr. Joseph Gago |
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Designation : |
Coo - Orscbu |
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Name : |
Mr. Leslie Almeida |
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Designation : |
Vice President – Design and Build |
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Name : |
Mr. Dilip Lalwani |
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Designation : |
Vice President – IICBU North and West |
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Name : |
Mr. Verghese George |
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Designation : |
Vice President – Facilities Management (Unisol) |
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Name : |
Mr. Zahid Hai |
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Designation : |
Vice President – Strategy and New Business |
KEY EXECUTIVES
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Name : |
Ms. Shaista Shaikh |
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Designation : |
Company Secretary |
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Address : |
1, Gulmohar, Plot No. 234, 28th Road, Bandra, Mumbai
400050, Maharashtra, India |
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Date of Birth/Age : |
24.11.1977 |
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Date of Appointment : |
27.01.2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
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Names of Shareholders |
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No. of Shares |
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Shete Raju R. |
|
404200 |
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Shete Hemal R. |
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400000 |
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Shete Indira R. |
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320800 |
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Shete Raju HUF |
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375000 |
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Master Shete Radhakrishnan Raju |
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500000 |
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Master Shete Arjun Raju |
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500000 |
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Compass Group International B. V. |
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2500000 |
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Total |
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5000000 |
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Equity Share
Break-up [As on 31.03.2007] |
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Percentage of
Holding |
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Bodies corporate |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Catering Services to Hospitals, Event Managements, Schools Etc. |
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Terms : |
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Selling : |
Credit (45 days) |
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Purchasing : |
Credit ( 60 days) |
GENERAL
INFORMATION
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Customers : |
v MNC’s v Catering v Housekeeping v Laundry v Janitorial Services v Provision Supplies v On-Site Shopping v Industrial Cleaning v Communication Facilities v Waste Management v Medical Services v Landscaping v Manpower Supply v Grounds Keeping v Video Cassette Library and Recreation Services v Commissary v Transport v Maintenance v Medivac v Management Services v Specialised Disaffection Services |
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No. of Employees : |
18000 |
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Bankers : |
9th
Floor, Nehru Centre, Discovery of India,. Dr. Annie Besant Road, Worli, Mumbai
400018, Maharashtra, India
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Facilities : |
CC – Rs. 150.000 millions |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Deloitt Haskins and Sells Chartered Accountants |
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Address : |
12, Dr. Annie Besant Road, Opposite Shivsagar Estate, Worli, Mumbai
400018, Maharashtra, India |
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Other Directorship : |
U55204MH2000PTC126760
U74140MH1995PTC092674
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Sister Concerns : |
They are Joint Venture with Compass Group - UK v SHRM Food And
Allied Services Line of
Business: Manufacturer of Welding Machines. (Goa) v Skyline Caterers
Private Limited v Unisol
Infraservices Private Limited |
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Group Companies : |
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs. 10/-
each |
Rs. 50.000
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
|
50.000 |
50.000 |
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2] Share Application Money |
|
0.000 |
0.000 |
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3] Reserves & Surplus |
|
242.808 |
195.004 |
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
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NETWORTH |
|
292.808 |
245.004 |
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LOAN FUNDS |
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1] Secured Loans |
|
152.523 |
19.324 |
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2] Unsecured Loans |
|
24.366 |
28.981 |
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TOTAL BORROWING |
|
176.889 |
48.305 |
|
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DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
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TOTAL |
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469.697 |
293.309 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
69.066 |
64.632 |
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Capital work-in-progress |
|
2.534 |
1.660 |
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INVESTMENT |
|
20.397 |
43.713 |
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DEFERREX TAX ASSETS |
|
14.234 |
9.507 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
|
78.294 |
34.396 |
|
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Sundry Debtors |
|
654.926 |
452.918 |
|
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Cash & Bank Balances |
|
107.736 |
75.821 |
|
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Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
155.515 |
124.163 |
|
Total
Current Assets |
|
996.471 |
687.298 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
603.562 |
471.851 |
|
|
Provisions |
|
32.994 |
45.975 |
|
Total
Current Liabilities |
|
636.556 |
517.826 |
|
|
Net Current Assets |
|
359.915 |
169.472 |
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MISCELLANEOUS EXPENSES |
|
3.551 |
4.325 |
|
|
|
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TOTAL |
|
469.697 |
293.309 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
|
Sales Turnover |
|
2811.740 |
2155.678 |
|
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Other Income |
|
17.831 |
30.182 |
|
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Total Income |
|
2829.571 |
2185.860 |
|
|
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Profit/(Loss) Before Tax |
|
92.747 |
62.592 |
|
|
Provision for Taxation |
|
44.944 |
32.750 |
|
|
Profit/(Loss) After Tax |
|
47.803 |
29.842 |
|
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Expenditures : |
|
|
|
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|
Salaries, Wages, Bonus, etc. |
|
800.607 |
607.601 |
|
|
Managerial Remuneration |
|
1907.022 |
1493.051 |
|
|
Interest |
|
12.592 |
2.178 |
|
|
Depreciation & Amortization |
|
16.601 |
13.436 |
|
|
Other Expenditure |
|
0.002 |
7.002 |
|
Total Expenditure |
|
2736.824 |
2123.268 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
|
1.69 |
1.36 |
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
|
3.30 |
2.90 |
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
3.28 |
2.86 |
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Return on Investment (ROI) (PBT/Networth) |
|
|
0.32 |
0.25 |
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Debt Equity Ratio (Total Liability/Networth) |
|
|
2.17 |
2.11 |
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Current Ratio (Current Asset/Current Liability) |
|
|
1.56 |
1.33 |
LOCAL AGENCY FURTHER
INFORMATION
Trade References
v Lilavati Hospital – Bandra
v Dhirubhai Ambani School – BKC
v Arya Vidya Mandir
v Maruti
v Hyundai
v ONGC
Form 8
|
This form is for |
Medication of
charge |
|
Charge
identification number of the charge to be modified |
10009568 |
|
Corporate
identity number of the company |
U99999MH1994PTC082543 |
|
Name of the
company |
RADHAKRISHNA HOSPITALITY SERVICES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
1st Floor, 23 A, Shah Industrial Estate, Off Veera Desai
Road, Andheri [West], Mumbai 400053, Maharashtra |
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Type of charge |
Book Debts Movable Property Floating charge |
|
Particular of
charge holder |
Yes Bank Limited 9th Floor,
Nehru Centre, Discovery of India,. Dr. Annie Besant Road, Worli, Mumbai
400018, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental deed
of hypothecation dated 05.02.2007 |
|
Date of instrument
Creating the charge |
05.02.2007 |
|
Amount secured by
the charge |
Rs. 193.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
[a] Rate of
interest Prime Lending
rate 2.25% i.e. 11.25% [b] Terms of
repayment Repayment in 16
equal quarterly installments [c] Margin Cash Margin 50%
in the Form of FDS [d] Extent and
operation of the charge First pari passu
charge on present and future current assets and movable fixed assets |
|
Short particulars
of the property charged |
Charge on all the
movable assets both fixed and current, present and future |
|
Particulars of
the present modification |
By this
modification the charge has been enhanced from Rs. 150.000 Millions to Rs.
193.000 Millions |
As Per Website
Details
Introduction
Across Sectors and Geographical Areas subject manages Multitude of Outsourced Services
for its Clients. Serving daily 2,50,000 meals, managing 20 million sq. ft space
and Vending 1,75,000 cups a day, subject is India’s Leading Food Services Company
and Best in Class Partner for Facilities and Business Support Service
Solutions.
Subject
is strongly
believes and invests in developing its People and has proudly nurtured
opportunities for more than 16,500 People across country.
With strong focus
on Client and Customer satisfaction, subject believes in
building a sustainable relationship with the client and constantly add value to
it. subject aims to work as an integral part of
Clients business and meet cost and quality parameters.
History
In the year 1966, Mr. Radhakrishna Sheté established Radhakrishna and
Co. (RKCO) with the core business of Ship Chandelling and began the journey
towards making one of the greatest company in the business of Food Service and
Hospitality Solutions. Today RKHS is
a Rs. 3500.000 millions company with a combination of Innovative and flexible
approach – together accounting for market leadership.
Joint Venture
RKHS partnered with Compass Group, the
world’s leading Food Service organization in the year 1995 to provide
International Quality and Experience of Food Service and Hospitality Solutions
to various sectors in India.
Compass Group PLC is the world's leading Food Service
Company providing Food, Vending and related services to its clients and
customers at Workplace, School and Colleges, Hospitals, On the move, Leisure,
Defence, Off shore and Remote locations. Compass Group has annual revenues of
$19 billion and employs 400,000 people in over 70 countries."
Compass Group was established in 1941 and has since grown both
organically and through acquisitions. Companies joining the Group in the 1990's
have brought a combination of strength of heritage and in-depth market
awareness – together achieving market leadership through innovation.
Compass Group – Operating Companies
Eurest – Food Service
for a variety of locations ranging from multi-site contracts to private dining
facilities for Business and Industry, Specialist Services for Off shore, Remote
sites and the Armed Forces.
Morrison and
Medirest – Delivering Food and Hotel services at hospitals, nursing homes and
other concerns that look after the elderly or those with special needs.
Scolarest and
Chartwells – Specialist Food Service geared to the education sector and created to
meet the needs of pupils and students of all ages, from pre-school infants to
University undergraduates.
Flik and Roux Fine Dining – Providing the finest possible private
Dining arrangements, often in association with International Chefs such as
Albert and Michael Roux.
Canteen Vending Services – The largest
Vending Company in the World, operating primarily in the USA and enjoying a
strong affiliation with the leading European Vending operator Selecta, which is
an associated company of the group.
Restaurant
Associates and Levy Restaurant – Superior Food Service for Prestigious
Sporting, Social and Leisure Events in the UK and the USA.
Food
Service Brands –
This consists of a unique portfolio of Food Service brands available to all
their market sector companies. The group’s in-house brands include Caffé
Ritazza, Upper Crust, Amigo and Harry Ramsden’s.
Group Companies
Foodland is in the business of broadline Food Service
Distribution and Solutions, Customized Food Service Distribution and Solutions,
Exports, Logistics and Food Distribution and Solutions to retail. It is the front runner in India’s quest for
a reliable and World Class Food Service Distribution supply chain, based on the
‘farm to plate’ concept.
It has a full range
of services that together provide a Comprehensive Food and Allied Services
Management System to the Food Service and Hospitality Sector.
Accor Radhakrishna
Corporate Services is a joint venture with Accor Services an international
leader in Employee Benefits and Loyalty Solutions in 35 countries partners over
2000 organizations in India with a wide range of innovative HR solutions. From
Meal Vouchers and Meal Smart Cards to Loyalty Programs and Reward Solutions,
Accor has it all. Get in touch with them and strike a balance between the
employee's aspirations and organizational objectives.
Fixed Assets
v Air conditioner
v Kitchen Equipments
v Electrical Installations
v Computers
v Office Equipments
v Furniture and Fixtures
v Vehicles
v Containers.
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 :
The 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.
The 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. 42.82 |
|
UK Pound |
1 |
Rs. 80.01 |
|
Euro |
1 |
Rs. 63.83 |
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 |
9 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
|
68 |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
|