MIRA
INFORM REPORT
|
Report Date : |
27.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GAMUT INFOSYSTEMS LIMITED
(w.e.f 18.09.2007) |
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Formerly Known As : |
Matrix InfoSystems Limited
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Registered Office : |
Anuj Chambers, 6th Floor, 24 Park Street, Kolkata – 700
016, West Bengal |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
01.06.1994 |
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Com. Reg. No.: |
21-63414 |
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CIN No.: [Company
Identification No.] |
U74140WB1994PTC063414 |
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Legal Form : |
A closely held Public Limited Liability Company |
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Line of Business : |
Provider of Software Development and Consultancy Services |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 130000 |
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Status : |
Moderate |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established company having satisfactory track.
Trade relations are fair. Profit margin is under pressure. Payments are
usually correct and as per commitments The company can be considered normal for business dealings at slight
caution as profit margin is deteriorating. |
LOCATIONS
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Registered Office : |
Anuj Chambers, 6th Floor, 24 Park Street, Kolkata – 700
016, West Bengal, India |
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Tel. No.: |
91- 33 - 2226-2487 ( 4 lines) / 2226-2515 / 40010092 ( 3 lines) / 40010119 |
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Fax No.: |
91-33-40010118 |
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E-Mail : |
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Website : |
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Corporate Office : |
37, Shakespeare Sarani Kolkata
– 700 017, West Bengal, India |
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Tel. No.: |
91-33-22871945 |
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E-Mail : |
DIRECTORS
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Name : |
Mrs. Shanti Swaroop Agarwal |
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Designation : |
Director |
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Address : |
238/8 AJC Bose Road, Kolkata – 700 020, West Bengal, India |
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Date of Birth/Age : |
05.09.1951 |
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Date of Appointment : |
03.04.2000 |
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Name : |
Mr. Dipak Shah |
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Designation : |
Director |
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Address : |
3/1, Ashu Biswas Road, Kolkata – 700 025, West Bengal, India |
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Date of Birth/Age : |
16.06.1938 |
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Date of Appointment : |
03.04.200 |
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Name : |
Mr. Alok Agarwal |
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Designation : |
Director |
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Address : |
3 Wood Street, Kolkata – 700 016, West Bengal, India |
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Date of Birth/Age : |
12.03.1968 |
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Date of Appointment : |
01.06.1994 |
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Name : |
Mrs. Manju Agarwal |
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Designation : |
Director |
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Address : |
3 Wood Street, Kolkata – 700 016, West Bengal, India |
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Date of Birth/Age : |
26.01.1968 |
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Date of Appointment : |
01.06.1994 |
KEY EXECUTIVES
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Name : |
S A and Associates |
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Designation : |
Company Secretary |
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Address : |
‘Swastik’, 334/157, Jessor Road, SN – 8, Ground Floor, Kolkata – 700
089, West Bengal, India |
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Mobile No.: |
91-9830016001 |
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Tel No.: |
91-33-25342445 / 65215998 / 25343481 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
|
No. of Shares |
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Mrs. Shanti Swaroop Agarwal |
|
250 |
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Mr. Dipak Shah |
|
250 |
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Mr. Alok Agarwal |
|
598500 |
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Mrs. Manju Agarwal |
|
250 |
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Mrs. Uma Agarwal |
|
50250 |
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Mr. Sanjiv Saraf |
|
250 |
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Mr. S D Agarwal |
|
250 |
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SMIFS |
|
1075000 |
|
Matrix Technologies Private Limited |
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471000 |
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Total
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2196000 |
Equity Share Breakup (Percentage of Total Equity):-
|
Category (As on 31.03.2006) |
Percentage |
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Directors or relative of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provider of Software Development and Consultancy Services |
GENERAL
INFORMATION
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Customers : |
Infrastructure · G.P.Tantia Group · ATW Construction Private Limited Real Estate · Gaursons India Limited. · Srijan Projects Private Limited · Lokhandwala Construction Private Limited · Crossings Infrastructure Holdings · Space Group · Bengal Greenfield Development Limited · E City Bioscope (Part of Zee Group) · Ajmera Builders · Mani Group · Eden Realty Ventures Private Limited · K.Raheja Universal · Agarwal Builder · Mayfair Housing · Runwal Group · Ambuja Realty Development Limited · Ruchi Realty Holdings Private Limited · P.S. Group · Orbit Group · Sanjeevani Projects Auto Ancillary · Ramakrishna Forgings Limited · Highco Engineers Private Limited · Tube Computech Private Limited · Star Auto Industries Limited · Model Heavy Fabricators Private Limited Bottling Ancilliary · AMD Metaplast Private Limited Cables Manufacturing · Laser Cables Private Limited
· Arc-tec Systems Private Limited Fabrication, Engineer to Order · Rochem Separation Systems Private Limited · Sunbeam Generators Private Limited · Induss Food and Equipments Private Limited Foundry · R.B Agarwalla and Company · Bhagwati Spherocast Limited . · RBA Exports Private Limited · NIF Ispat Limited . Railway Sleeper · Tantia Concrete Products Limited . Sponge Iron / Ingots / Billets / Rolling Mill / TMT Bar · SPS Steel and Power Limited · Indore Steel Limited · Adhunik Corporation Limited · SRMB Udyog Limited .
· Jindal (India) Limited . · VNS Steel Industries Limited · Advanced Steel · Good Luck Steel Private Limited · Beekay Steel Industries Limited . Food Processing Agro Products · Uniply Industries Limited · Green Valley Private Limited · Rosell Tea Private Limited Food Processing/Distribution · Rollicks Ice Cream Distribution Cement · Star Cement Company Private Limited Chemicals · Artek Surfin Chemicals Limited . · Himadri Chemicals and Industries Limited . · Raj Oils Private Limited Cosmetics · Keya Cosmetics Private Limited Garments / Knit Composite · Khaleque Spinning and Knitting Limited Pharmaceuticals · Syncom Healthcare Limited · Bengal Chemicals and Pharmaceuticals Plastic · Flexituff Limited · Kanpur Plastic Limited · Bengal Plastic · Plastosen Limited . Plywood · Sree Balajee Forest Products (P)Limited . |
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No. of Employees : |
Around 60 |
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Bankers : |
· Allahabad Bank, Kolkata Main Branch, 14 India Exchange Place, Kolkata – 700 001, West Bengal, India · Standard Chartered Grindlays Bank, Shakespeare Sarani, India |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Niranjan Kumar and Company Chartered Accountants |
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Address : |
37 A, Bentinck Street, 3rd Floor, Room No. 314, Kolkata –
700 069, West Bengal, India |
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Tel. No.: |
91-33-22435327 / 22485573 |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
(As on
31.03.2006):
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3500000 |
Equity Shares |
Rs. 10/- each |
Rs. 35.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2196000 |
Equity Shares |
Rs. 10/- each |
Rs.21.960
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
|
21.960 |
17.250 |
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2] Share Application Money |
|
1.813 |
3.175 |
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3] Reserves & Surplus |
|
0.985 |
0.200 |
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4] (Accumulated Losses) |
|
0.000 |
[0.519] |
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NETWORTH |
|
24.758 |
20.106 |
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LOAN FUNDS |
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1] Secured Loans |
|
2.654 |
1.787 |
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2] Unsecured Loans |
|
0.500 |
0.100 |
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TOTAL BORROWING |
|
3.154 |
1.887 |
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DEFERRED TAX LIABILITIES |
|
0.627 |
0.297 |
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TOTAL |
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28.539 |
22.290 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
|
5.893 |
6.370 |
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Capital work-in-progress |
|
10.334 |
7.010 |
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INVESTMENT |
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
|
0.000 |
0.000 |
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Sundry Debtors |
|
12.651 |
8.201 |
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Cash & Bank Balances |
|
0.249 |
0.394 |
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Other Current Assets |
|
0.000 |
0.000 |
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Loans & Advances |
|
2.709 |
1.611 |
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Total
Current Assets |
|
15.609 |
10.206 |
|
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
|
|
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Current Liabilities |
|
2.459 |
0.994 |
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Provisions |
|
0.838 |
0.302 |
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Total
Current Liabilities |
|
3.297 |
1.296 |
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Net Current Assets |
|
12.312 |
8.910 |
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MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
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|
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TOTAL |
|
28.539 |
22.290 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
|
31.03.2006 |
|
Sales Turnover |
|
|
24.516 |
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Other Income |
|
|
0.426 |
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Total Income |
|
|
24.942 |
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|
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Profit/(Loss) Before Tax |
|
|
2.286 |
|
Provision for Taxation |
|
|
0.982 |
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Profit/(Loss) After Tax |
|
|
1.304 |
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Total Expenditure |
|
|
22.656 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
5.23 |
NA |
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Net Profit Margin (PBT/Sales) |
(%) |
|
9.32 |
NA |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
7.18 |
NA |
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Return on Investment (ROI) (PBT/Networth) |
|
|
0.09 |
NA |
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Debt Equity Ratio (Total Liability/Networth) |
|
|
0.26 |
0.16 |
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Current Ratio (Current Asset/Current Liability) |
|
|
4.73 |
7.89 |
LOCAL AGENCY
FURTHER INFORMATION
Notes:
· The company was originally incorporated on “Matrix Infosystems Limited” on 01, June 1994 and presently changed its name changed to Gamut Infosystems Limited, w.e.f September 18, 2007.
· The company Registered Office was 37, Shakespeare Sarani, Kolkata – 700 017, West Bengal, India changed to present w.e.f 01.03.2007
FORM 8:-
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Name of the company |
Matrix InfoSystems Limited |
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Presented By |
Allahabad Bank, 14 India
Exchange Place, Kolkata – 700
001, West Bengal, India |
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1) Date and description of instrument creating the change |
General Letter of
hypothecation dated 26.09.2001 between Matrix Info systems Limited as
borrower and Allahabad Bank as lender. (A certified copy of General letter of hypothecation is enclosed herewith) |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 5.500
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 |
By way of first
charge all the present and future
stock of raw Materials, work in progress, Finished Goods like computers, equipments, software, etc and other
current asset including movable plant and machinery, apparatus, tools, motor lorries, cars and
furniture, etc including goods in transit
and also all present and future book debts, outstanding
monies receivables claims, bills, contracts, engagements,
securities investment, cash in hand
and at banks rights and other
assets relating there to as
security. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The security
created under the said General Letter of hypothecation shall operate as
continuing security. Interest and other
charges will be paid as per terms and condition of sanction letter. The charged goods
shall be kept at the
company risk and expenses in good conditions and fully insured against
loss or damage by fire lighting or explosion or theft
and also against loss or damage by riot and civil commotion, etc as may be required by the bank and the company. The charged goods
and all sales realizations and
insurance proceeds thereof and all
documents under this security shall be held as the
bank’s exclusive property
specifically apportioned to this security and the company shall not
without consent of the bank first had
and obtained, created ort
suffer to exist any mortgage, charge, charge, lien or encumbrance of any sort in favour
of any third party
affecting the charged goods and said book debts or any part thereof nor do or allow anything that may prejudice this security. |
|
5) Name and Address and description of the person entitled to the charge. |
Allahabad Bank,
14, India Exchange Place, Kolkata – 700 001, West Bengal, India |
|
Corporate
identity number of the company |
U74140WB1994PTC063414 |
|
Name of the
company |
GAMUT INFOSYSTEMS LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
Anuj Chambers, 6th Floor, 24 Park Street, Kolkata – 700
016, West Bengal, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
· Immovable Property · Movable Property · Book Debts |
|
Particular of
charge holder |
Allahabad Bank,
Kolkata Main Branch, 14 India Exchange Place, Kolkata – 700 001, West Bengal,
India E-mail: albcalm@vsnl.net.in |
|
Nature of instrument
creating charge |
· General Letter of hypothecation · Letter of mortgagor Confirming deposit of Title Deeds by the Mortgagor · Letter of Mortgagor confirming deposit of title deeds by the Mortgagor |
|
Date of
instrument Creating the charge |
20.11.2007 |
|
Amount secured by
the charge |
Rs. 35.275
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest : Interest and
other charges will be paid as per terms and conditions of sanction letter of bank;
however the same is subject to change from time to time. Terms of Repayment : The working
capital shall be repayable on demand and term loan shall be repaid in 84
monthly installment starting from Feb, 07-1st 24 installment of
Rs. 0.225 million, next 24 installment of Rs. 0.350 million installment of
Rs. 0.405 million and last installment of Rs. 0.366 million Margin : The borrower
shall maintain appropriate margin as stipulated in eh sanction terms. Extent and Operation of the charge : The security
created under said hypothecation shall operate a continuing security The charged
assets property to kept at the
company’s risk and expenses in good condition and fully
insured against loss or damage by
fire, lighting or explosion or theft and also against loss or damage by riot
and civil commotion, etc as may be required
by the bank in the joint name
of the bank and the company . Others : The company
hereby declares that all charged property now existing are absolute property
of and at the Sole disposal of the company
and free from any prior charge or encumbrance and undertake that all
future property shall likewise be the
unencumbered and absolute and disposable property of the company. Other terms and
conditions are as per terms and conditions of above referred hypothecation
agreement, mortgage and sanction letter of the banks. |
|
Particulars of
the property charged |
Hypothecation and
charge by way of first charge All stocks and other
current and fixed assets including movable plant and machinery lying in the borrowers premises or any
where else All the book
debts both present and future Office Room
bearing No. 6A and 6 B on the 6th
Floor admeasuring 2220 Sq.fts and
2810 Sq.fts more or less respectively
together with proportionate
right in the land and common
facilities situated in the building “Anuj Chamber 24 Park Street, Kolkata –
700 016, West Bengal, India.” |
|
Short Particulars
of the present modification |
By present
modification overall limit secured by the charge has been enhanced from Rs.
29.000 millions to Rs. 35.275 millions by way of CC – Rs. 18.000 millions and
TL – Rs. 17.275 millions. Further to secure
the existing limit the company
created EMTD for priorities:- Office Room
bearing No. 6 A on the 6th Floor,
admeasuring 2220 Sq.fts and 2810 Sq.fts more or less respectively together with proportionate
right in the land and common
facilities situated in the building Anuj Chamber 24 Park Street, Kolkata –
700 016, West Bengal, India |
WEBSITES DETAILS:-
In this demanding environment of the 21st century, the company is committed to
principles of quality, continuous improvement and total customer satisfaction.
They also have a hand-picked and dedicated team of software professionals. This
helps to provide a foundation upon which they can build in order to be as good
as the best and offer solutions that are world class and cost effective.
At the company, their human resources remain their greatest asset. They
identify the industry’s best potential talent and carefully nurture them into
well-rounded professionals. They allow their individuality to blossom and
provide the right motivation along with a stimulating and challenging work
environment.
All these ensure that they have a faster, leaner, nimbler team who are
constantly learning, evolving and redefining quality standards daily to be ever
ready to react to unique individual requirements. They have the ability to
innovate. Adapt. And work into any environment.
The company is one of the premier solution providers of India. Their
business interests vary into a wide the company of activities ranging from ERP Solutions, Embedded Software Solutions, Wired
and Wireless Protocols, Simulation Software, Hi-end Graphics, Web Development,
Shrink-wrapped packages as well as e-business consulting. Among their regular services they also provide Supply Chain
Management, Customer Relation Management for vertical industry sectors like financial
services, insurance, retail, telecommunications and fast moving consumer goods
(FMCG).
The company has a proven track record of serving the
business community with time-tested and state-of-the-art products for almost a
decade. They essentially seek to provide a comprehensive solution to multiple
and complex accounting and other business management requirements. They take
into account the various problems faced by the management in the administration
of business activities, and strive to provide a consolidated solution to all Matrix ERP on windows:
The main value Matrix ERP systems provide is the opportunity to
integrate an entire organization. End to end business processes that were
traditionally disjointed, now share information through a common database. The
information flow is much more efficient in that there are clear lines of
business processes across the enterprise Integrated processes and information
systems Consolidation and/or elimination of current systems Reduced complexity of application and
technology portfolios Reduced reliance
on programmers to make software changes
More effective and efficient business
processes
Far Vision :
Far vision is a new generation of business management software combining
finance, materials, HR, Payroll, infrastructure and Real-Estate in a single
innovative system.
This shifts the emphasis from the traditional internal focus of the ERP to an
external orientation, increasing the importance of both Business-to-Business
and front-office applications.
This seamless approach maintains a 360 Deg. Real-time view of the organization.
Human intervention is automatically sought if conditions unexpectedly change.
Single, intuitive user interface
· Real-time and proactive event detection
· Workflow to streamline process and manage escalation
· Business process monitoring and analysis
· Dashboard intelligence for information based decisions
· Electronic collaboration and commerce
· Fast implementation for early ROI
The company helps to understand the complex
environment of Human Resource Information System, with a clear understanding of
clients' business needs.
Welcome to the company Business Partner World
Keeping pace with the mushrooming growth of information technology is
not an easy task. The company Infosystems Limited, has been a major player in
the software development field for the last thirteen years. Today, they have
emerged as a key player for essential IT solutions with a mission towards
better risk management in a rapidly changing scenario.
In this demanding environment of the 21st century, the
company committed to principals of quality, continuous improvement through
Research and Development for total customer satisfaction. They also have a
handpicked and dedicated team of software professionals. This helps to provide
a foundation upon which they can build in order to be as a good as the best and
offer solutions that are world class and cost effective.
A Worldwide Business Partner Program Built to support The Business
Success.
Representing the company’s new concept in partner relationships, the
company partner program offers a single, integrated partnering framework that
recognizes the expertise, rewards for the total impact that have in the local
marketplace, the sales and marketing effort and delivers more value to help the
business be successful.
Why should select the company for the Offshore Development Center Consider
joining the company Far Vision Program if:
When take “Buy IT services” decision instead of “Develop software”
decision. If take the Buy decision, can save the following costs:
· Fixed Infrastructure/month
· Fixed Overhead Cost
· Idle hours Cost when Projects are not in hand
· And at the same time can get the famous Indian Quality software services from Gamut.
If the Company provides services, develops solutions, Customisation,
Localisation or distributes software based Microsoft and non-Microsoft
technologies. Services may include, but are not limited to, consulting,
implementation, custom application development, software migration, application
architecture design, system integration, Web based application, Hi-end
Graphics, Simulations Solutions, Wire and Wireless Solution or maintenance and
support.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.43.73 |
|
UK Pound |
1 |
Rs.80.57 |
|
Euro |
1 |
Rs.64.29 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
40 |
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 |
|