MIRA
INFORM REPORT
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Report Date : |
01.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
HONG TAI ELECTRIC INDUSTRIAL CO LTD |
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Registered Office : |
20FL, 65 Tun Hua South Rd Section 2
Ta-An Dist Taipei City |
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Country : |
Taiwan |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
08.08.1968 |
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Com. Reg. No.: |
43125162 |
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Legal Form : |
Public Listed Company |
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Line of Business : |
Research and Development of various types of copper cables, Power
cables and PCB's. Selling to both domestic and international markets. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 10,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
HONG
TAI ELECTRIC INDUSTRIAL CO LTD
20FL, 65 TUN HUA SOUTH RD SECTION 2
TA-AN DIST TAIPEI CITY 106, TAIWAN
TEL: 886-2-27011000 FAX: 886-2-27081100
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 8, 1968
REGISTRATION NO. :
43125162
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE :
MR WU-HSIUNG PAN (PRESIDENT)
STAFF STRENGTH :
385
CAPITAL :
US$ 123,602,484
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 7,347,135,000 (AS OF 2007)
EQUITIES :
NTD 5,905,933,000 (AS OF DEC. 2007)
PAYMENT :
EXCELLENT
RECOMM. CREDIT RANGE : UP TO
USD 10,000,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STRONG
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : WELL
KNOWN
EXCHANGE RATE :
TWD 33.36670 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company History*
================
1968 - Founded to produce bare copper wires.
1971 - Hwei-Lon plant was established to produce PVC wires.
1979 - Evaluated as a class A manufacturer by Industrial Development
Bureau.
1986 - Nan-Kang plant was established to produce XLPE cables.
1988 - Evaluated as a class A manufacturer for producing XLPE cables by
Industrial Development Bureau.
- 15KV and 25KV XLPE
cables had passed the type test of TAIWAN POWER CO.
1989 - Fire Resistant cable was approved by Bureau of Commodity
Inspection & Quarantine.
- Collaborated with MITSUBISHI CABLE
INDUSTRIES LTD on jointing, terminating and installation works of high voltage
cables.
1990 - 69KV extra high voltage cables was approved by the type test of TAIWAN
POWER CO.
- Developed Low Smoke
Non Halogen cables.
1991 - Fire Resistant, Fire Retardant and T.H.W. cables were approved
and purchased by Mass Rapid Transit Bureau.
1992 - Kuan-Yin plant was established to produce communication cables.
1993 - Securities were listed on the Taiwan Stock Exchange.
1994 - Communication cables in Kuan-Yin plant were certified by D.G.T.
- Nan-Kang plant was
granted the certification of ISO 9000.
- Collaborated with
MITSUBISHI CABLE INDUSTRIES LTD producing 161KV extra high voltage cable.
- Invested ETRON
TECHNOLOGY CO LTD and SAFETY INVESTMENT CORP
1995 - Kuan-Yin plant was granted the certification of ISO 9000.
1996 - Invested HONTION INT'L CO LTD
1997 - 161KV XLPE cables had passed the tie line type test of TAIWAN
POWER CO
- Kuan-Yin II plant was
established to produce copper clad laminates and prepregs.
- Invested KINGTECH EMI
INDUSTRIAL CO LTD
1998 - Nan-Kang plant and Kuan-Yin plant were granted the certification
of ISO 14001.
- Collaborated with SUMITOMO
INDUSTRIAL LTD on jointing, terminating and installation work of 69KV-161KV
extra high voltage cable. Capital investment has reached NTD2,736,000,000.
1999 - Collaborated
with FUJIKURA LTD on 161KV extra high voltage XLPE cable production. Capital
investment reached NTD 3,009,600,000.
2000 - 161KV XLPE cables had passed the transmission line type test of
TAIWAN POWER CO
*Licenses & Permits*
=================
(1)
License number : 9962217600
Date issued : 18
November, 1987
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(2)
License number : 9962267600
Date issued : 11
December, 2001
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(3)
License number : 9962210400
Date issued : 23
November, 1993
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
*Capital Details*
=============
Initial paid-up capital : NTD 2,000,000.00
Paid-up capital increases as follows:
Year Amount
(NTD)
-----
---------------------
1988 150,000,000.00
1989
295,000,000.00
1990
438,000,000.00
1991
500,000,000.00
1992
600,000,000.00
1993
800,000,000.00
1994 1,200,000,000.00
1995
1,440,000,000.00
1996
1,584,000,000.00
1997
2,280,000,000.00
1998
2,736,000,000.00
1999
3,009,600,000.00
2000
3,165,800,000.00
2001
3,213,900,500.00
2003
3,298,630,630.00
*Office & Facilities*
================
Size : 401 sq. meters (Approx)
Location : Taipei city
Property status : Rented
Type of building : Commercial
building
Other e-mails : davidhuang@hong-tai.com.tw /
managerdep@hong-tai.com.tw
*Factories, Size & Locations*
======================
Maintains three (3) manufacturing premises. Details as follows :
(1)
Size : 22,117 square meters (Approx)
Location : Taoyuan
Hsien
Type of building : Industrial
building
Property status : Owned by
HONG TAI ELECTRIC INDUSTRIAL CO LTD
Comments : Serves as
office and factory
(2)
Size :
33,026 square meters (Approx)
Location :
Taoyuan Hsien
Type of building : Industrial
building
Property status : Owned by
HONG TAI ELECTRIC INDUSTRIAL CO LTD
(3)
Size :
1,831 square meters (Approx)
Location :
Taoyuan Hsien
Type of building :
Industrial building
Property status : Owned by
HONG TAI ELECTRIC INDUSTRIAL CO LTD
*Corporate & Organization Structure*
=============================
A large sized company operated and managed by an experienced team of
professionals.
Organization and management of the company is divided into the following
division:
- Electric power cable
- Communication cable
- Electronic material
- Engineering
- Investment
*Industry Ranking*
===============
Generally regarded as one of the Top 5000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
2004 681
2005 591
2006 522
2007 536
*Auditors*
=========
- ERNST & YOUNG
*Registrar*
=========
- TAIWAN INT'L SECURITIES CORP
www.hong-tai.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: sales@hong-tai.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: n/a
Total number of shares: n/a
Shareholders Country Number Amount %
Mr. Shih-yi Chen Taiwan 20,071,620.00 n/a n/a
Mr. Chih-peng Chen Taiwan 11,950,943.00 n/a n/a
CHIN TAI INVESTMENT Taiwan
10,600,029.00 n/a n/a
CO LTD
Mr. Wu-hsiung Pan Taiwan 10,015,170.00 n/a n/a
CHIU CHIANG Taiwan
8,434,514.00 n/a n/a
INVESTMENT CO LTD
Mr. Chun-hsiung Pan Taiwan 3,215,159.00 n/a n/a
Mr. Ching Chang Taiwan 101,913.00 n/a n/a
Management: Mr. Kang Jen,
Manager
Mr. Teh-kang Chui, Assist. Manager
Mr. Wen-ping Li, Assist. Manager
Name Nationality
Job Description Dept. / Division
Mr. Kang Jen Taiwanese
Manager Audit
Mr. Teh-kang Chui Taiwanese
Assist. Manager -
Mr. Wen-ping Li Taiwanese
Assist. Manager -
Mr. Yung-shun Cheng Taiwanese Associate -
Mr. Shih-yi Chen Taiwanese
General Manager -
Mr. Ta-li Liao Taiwanese
General Manager -
Mr. Chao-kun Chou Taiwanese Manager -
Mr. Chun-fa Lin Taiwanese
Manager -
Mr. Mu-sung Tuan Taiwanese
Manager -
Mr. Sheng-chih Tsai Taiwanese
Manager -
Mr. Tsung-chun Yen Taiwanese Manager -
Mr. Yi-ming Lin Taiwanese
Manager -
Mr. Wu-hsiung Pan Taiwanese President -
Mr. Ya-ming Li Taiwanese
Supervisor -
Ms. Yu-ling Yen Taiwanese
Supervisor -
Mr. Chien-fu Chen Taiwanese
Vice General Manager -
Mr. Li-chen Lu Taiwanese
Vice General Manager -
Mr. Chun-hsiung Pan Taiwanese Vice President -
*COMPANY DIRECTORS*
======================
1
Name :
Mr. Wu-hsiung Pan
Nationality :
Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Research and Development of various types of copper cables, Power
cables and PCB's.
2. Importing a wide range of raw materials and components used in the
production of cables and PCB's, including polyhylene.
3. Manufacturing of bare-copper PVC wires, extra-high-voltage power
cables and related electronic products.
4. Selling to both domestic and international markets.
Product lines also includes:
- Cloth epoxy copper clad laminate
Products: Communication cables
Copper
cathodes
Copper wire
rods
Electric power
cables
Electrical
equipment
*Brand*
======
ECOGREEN
HONG TAI
HTE
KANLUCK
LF
PREBRANCH
TR
*Payment Terms*
=============
Sales
-------
Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Quality Certification*
=================
(1)
Type of certification : UL and CSA
Issuing authority : National
Bureau of Standards
(2)
Type of certification : ISO 9002
Year of certification : 1994
Certification item :
Electric-engineering equipment
Details :
For Nankung Plant
(3)
Type of certification : ISO 9002
Year of certification : 1995
Certification item : Telecommunications
equipment
Details :
For Kuanyin Factory
(4)
Type of certification : ISO 14001
Issuing authority : S.G.S.
Details :
The second electric wire and cable manufacturer and the first copper clad
laminate manufacturer to have granted such special honor in Taiwan.
*Associations*
============
Member of :
- Taiwan Electrical & Electronic Manufacturers' Association (TEEMA)
*Competitors*
===========
The following locally based companies supply similar range of products :
- CHING TAI ELECTRIC WIRE & CABLE CO LTD
- GOLDEN BRIDGE ELECTECH INC
- EVERTOP WIRE CABLE CORP
- HOLD-KEY ELECTRIC WIRE & CABLE CO LTD
- JESS-LINK PRODUCTS CO LTD
- PACIFIC ELECTRIC WIRE & CABLE CO LTD
- SPACE SHUTTLE HI-TECH CO LTD
- YFC-BONEAGLE ELECTRIC CO LTD-
*Local Distribution Network*
=======================
An estimated 65% of the annual turnover is attributed to local
sales.
*Export Markets*
=============
An estimated 35% of the annual turnover is attributed to export.
*International Trade Ranking*
=======================
The firm has been ranked among Taiwan's Top Importers/Exporters based on
the standard measured by the
Board of Foreign Trade (BOFT)
Details of rank are as follows :
Year Rank
------ ----------
2001 698
2002 685
2003 111
2004 993
2005 621
2006 598
2007 578
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch : HONG TAI ELECTRIC INDUSTRIAL CO LTD - KUANYIN HSIANG
Branch Address : 2 Kuo Chien 1st Rd Kuanyin Hsiang, Taoyuan Hsien 328
Branch Tel : [+886] 3-4837266
Branch Fax : [+886] 3-4837277
Branch Employees : 217
Branch : HONG TAI ELECTRIC INDUSTRIAL CO LTD - KAOHSIUNG CITY
Branch Address : 12Fl-6, 206 Kuang Hwa 1 Rd Linya Dist, Kaohsiung City,
802
Branch Tel : [+886] 7-2271552
Branch Fax : [+886] 7-2271841
Branch Employees : 11
Branch : HONG TAI ELECTRIC INDUSTRIAL CO LTD - TAOYUAN HSIEN
Branch Address : 248 Chung Shan North Rd Tayuan Hsiang, Taoyuan Hsien
337
Branch Tel : [+886] 3-3842070
Branch Employees : 67
*(Subsidiaries, Joint-ventures & Affiliates)
===========================
Company Name : ARDENTEC CORP
Address : 4Fl Hsinchu Industrial Park 24-1 Wen Huah Rd Hukou Hsiang 303
Hsinchu Hsien Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : ETRON TECHNOLOGY INC
Address : 1Fl Hsinchu Science-Based Industrial Park 6 Technology Rd V
Hsinchu City 300 Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : EXPLOIT TECHNOLOGY CO LTD
Address : 2Fl, 9, Lane 56, Nan Shan Rd Section 1 Luchu Hsiang 338
Taoyuan Hsien Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : GLOBAL UNICHIP CORP
Address : 2Fl Hsinchu Science-Based Industrial Park 26 R & D Rd II
Hsinchu City 300 Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Computer & Information Products
Company Name : GREAT TEAM BACKEND FOUNDRY INC
Address : Yue Yuen Industrial Estate - B GBM Park Huang Jiang County
Dongguan Guangdong China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Electrical Equipment & Appliances
Company Name : HONG TAI HOLDINGS (SAMOA) CO LTD
Address : Portcullis Trustnet Chambers Apia Samoa
Country : Samoa
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HSIN FU INVESTMENT CO LTD
Address : 20Fl, 65 Tun Hua South Rd Section 2 Ta-an Dist Taipei City 106
Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HUNG HUNG CONSTRUCTION CO LTD
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Construction & Construction Materials
Company Name : KINGTECH EMI INDUSTRIAL CO LTD
Address : 29-11, Hsu Tsu Kang Taoyuan City 330 Taoyuan Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : LUCKY POWER TECHNOLOGY CO
Address : 348 Shanying Rd Kueishan Hsiang 333 Taoyuan Hsien Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Electronic Products & Components
Company Name : MONEYWIN INT'L LTD
Address : Craigmuir Chambers Road Town Tortola Virgin Islands (British)
Country : Virgin Islands (British)
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : SOUTH OCEAN ELECTRIC WIRE CO (PTY) LTD
Address : 12 Botha St Bracken Gardens Alberton 1452 South Africa
Country : South Africa
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Electronic Products & Components
Company Name : TAI SIN ELECTRIC CABLES MANUFACTURER LTD
Address : 24 Gul Crescent 629531 Singapore
Country : Singapore
Relationship : Subsidiary
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : TOUCHTEK CORP
Address : 38 Ke Yi Rd Chu-nan Chen 350 Miaoli Hsien Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : TRADE-VAN INFORMATION SERVICES CO
Address : 6Fl, 19-13 Shang Chung Rd Nankang Dist Taipei City 115 Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Service
Industry : Computer & Information Products
PAYMENT RATING : 1 OBTAINED SCORES :
85
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
NR |
No Data |
No Data |
The rating indicates the payment
pattern of SC based upon our Payment Database, comments from suppliers of SC,
information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for LARGE
amounts depending on individual judgement experience.
*BANK DETAILS*
===============
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,Taipei City
Branch Address : 10Fl, 30 Chungking South Rd Section 1
SWIFT Code : FCBKTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,Taipei City
Branch Address : 38 Chung King South Rd Section 1
SWIFT Code : HNBKTWTP
Balance Sheet
Currency : NTD
Denomination : in Thousands
2006 December 2007
------
--------------------
Current Assets 3,456,360 3,679,947
Funds & long-term investments 1,063,736
1,858,613
Property 1,472,879 -
Other Assets 148,696 113,544
Current Liabilities (Before) 1,076,334 -
(After)
- 1,108,845
Other Liabilities - 53,800
Common stock 3,298,631 3,298,631
Capital Reserve
Retained Earnings (Before) 1,432,946 1,787,897
Total Assets 6,141,671 7,068,578
Total Liabilities (Before) 1,127,103 -
(After) - 1,162,645
Total Shareholder's
Equity (Before) 5,014,568 -
(After)
- 5,905,933
Income Statement
Currency : NTD
Denomination : in Thousands
2006 December 2007
------
--------------------
Operating revenue 7,009,993 7,347,135
Gross Profit 647,245 514,400
Operating Income 435,740 7,280,165
Non-operating income 282,424 734,614
Non-operating expense
81,897 60,893
Net Income 637,498 785,212
Earnings (losses) per share (After) 1.93 2.38
*Financial Ratio*
=============
2006 December 2007
------ ------------------
Ratio of liabilities to Assets %
18.35 16.45
Ratio of long-term capital to fixed Assets% 340.46 -
Current ratio%
321.12 331.87
Quick ratio%
181.87 -
Interest coverage
641.34 -
Turnover of receivable (times) 7.54 -
Average collection period of receivable 48.00 -
Turnover of inventories (times) 4.95 -
Average days of sales 74 -
Turnover of total assets (times) 1.14 1.04
Return on total assets% 10.38 11.11
Operating Income 13.21
-
Net Income before tax 19.29 -
Profit margin%
9.09 10.69
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
1992 $64,740,740.74 $56,037,037.04
$7,406,296.30
1993 $70,659,444.44 $80,804,333.33 $6,775,148.15
1994 $76,836,327.00 $84,608,255.00 $4,532,000.00
1995 $79,872,073.00 $97,230,473.00 $7,482,945.00
1996 $84,803,745.00 $98,860,255.00 $11,775,527.00
1998 $93,740,740.74 $153,333,333.33 $14,666,666.67
2001 $64,364,480.56 $147,040,046.43 -$3,192,106.79
2002 $93,493,762.58 $159,148,002.30 $8,004,828.97
2003 $109,693,079.58 $152,209,803.92 $6,611,216.84
2004 $144,762,706.77 $164,634,466.17 $8,112,842.11
2005 $183,927,519.75 $174,668,720.38 $13,929,573.46
2006 $213,997,823.46 $185,661,154.78 $19,271,402.66
2007 $221,699,909.47 $213,294,447.80 $23,693,783.95
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
1992 $14,100,000.00 $3,200,000.00 $17,300,000.00
1996 $20,100,000.00 $2,600,000.00 $22,700,000.00
1997 $24,600,000.00 $1,200,000.00 $25,800,000.00
1998 $35,100,000.00 $500,000.00 $35,600,000.00
1999 $28,500,000.00 $6,200,000.00 $34,700,000.00
2000 $28,491,995.00 $12,943,719.00 $41,435,714.00
2001 $24,190,082.00 $9,792,998.00 $33,983,080.00
2002 $34,236,630.00 $1,384,763.00 $35,621,393.00
2004 $33,736,187.01 $2,963,136.99 $36,699,324.00
2005 $61,835,777.00 $1,223,807.01 $63,059,584.01
2006 $69,241,885.01 $9,315,148.00 $78,557,033.01
SC is considered large-sized in its line with a development history of
40 years. Taking into consideration of SC’s general performance, the above
credit amount appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3357 Nonferrous
metal wire and cable, drawn and insulated
Manufacturing 3643 Current-carrying
wiring devices
Manufacturing 3661 Telephone
and telegraph apparatus, and parts,
Manufacturing 3669 Other
communications equipment, and parts,
Manufacturing 3672 Printed
circuit boards
Trading 3357 Nonferrous
metal wire and cable, drawn and insulated
Trading 3672 Printed
circuit boards
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3921 Plates,
sheets, film, foil & strip, plastics
Exporting 7410 Copper
foil (backed or not) n/ov .15mm th (ex back)
Exporting 8544 Insulated
wire, cable etc; opt sheath fib cables
Importing 2507000000 Kaolin and other kaolinic clays, whether or not calcined
Importing 3404900000 Artificial waxes and prepared waxes
Importing 3901 Polymers
of ethylene, in primary forms
Importing 3901200000 Polyethylene having a specific gravity of 0.94 or more
Importing 3907300000 Epoxide resins
Importing 3919 Self-adhesive
plates, sheets, film etc of plastics
Importing 3926 Articles
of plastics (inc polymers & resins)
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Copper wire
rods
Importer Copper
cathodes
Manufacturer Telecommunications
equipment
Manufacturer Electric power
cables
Manufacturer Electronic
materials
Manufacturer PCB (printed
circuit boards)
Manufacturer Communication
cables
Manufacturer Electrical
equipment
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Africa Importing
Asia / Pacific Exporting,Importing
Europe Importing
North America Importing
Pacific Importing
South America Exporting,Importing
Australia Importing
Belgium Importing
Brazil Exporting
Chile Importing
China Exporting,Importing
Germany Importing
Hong Kong Exporting
India Importing
Japan Importing
Malaysia Importing
Philippines Importing
South Korea Exporting,Importing
Spain Importing
Sweden Importing
USA Importing
Vietnam Exporting,Importing
Zambia Importing
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.09 |
|
UK Pound |
1 |
Rs.76.68 |
|
Euro |
1 |
Rs.63.48 |
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 |
|
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%)