MIRA
INFORM REPORT
|
Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AGI CORP |
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Registered Office : |
8FL, 496 Ruei Guang Rd Neihu Dist Taipei
City 114 |
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Country : |
Taiwan |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
29.06.1977 |
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Com. Reg. No.: |
35860547 |
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Legal Form : |
Public Company |
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Line of Business : |
Research and Development of monomers, oligomers and related chemical
products. Importing of silica, chloride, propylene glycol and related chemical
raw materials. Sales and Distribution of products to both domestic and international
markets. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 2,000,000 |
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Status : |
Very Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
& address
AGI
CORP
8FL, 496 RUEI GUANG RD NEIHU DIST
TAIPEI CITY 114, TAIWAN
TEL: 886-2-27982588 FAX: 886-2-27982518
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 29, 1977
REGISTRATION NO. :
35860547
LEGAL FORM :
PUBLIC COMPANY
CHIEF EXECUTIVE :
MR. BILL HSIN-YUNG CHUNG (PRESIDENT)
STAFF STRENGTH :
303
CAPITAL :
US$ 21,739,130
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 3,074,201,000 (AS OF 2007)
EQUITIES :
NTD 1,330,960,000 (AS OF 2007)
PAYMENT :
ABOVE AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 2,000,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.63595 = 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*
===============
1974 -
Established its first plant in Shin Hua, Tainan County, for the production of
organic
organophosphorous synthetic medicine.
1977 - Established its plant in Hsinchuang, Taipei
County, for the production and sales of FRP
industrial materials.
1979 -
Plant and automated resin synthesizing reactors procured at Shulin Town, Taipei
County,
and production and marketing of alcohol based paper coating varnish at
an expanded
volume transferred to this new facility.
1983 -
Began planning for plant expansion in the Tayuan Expanded Industrial Zone at
Tayuan,
Taoyuan County, and for the addition of fully automated resin
synthesizing reactors.
1985 -
Completed plant expansion and installation of new equipment at Tayuan Expanded
Industrial Zone in Taoyuan County
and operation formally inaugurated, increasing
production and sales of UV curable varnishes for paper coating.
1987 -
Established Information management system.
1989 -
Completed development of vinylester resin , and formally introduced to the
market.
- Began production of benzophenone at Shin Hua plant.
1990 -
Began production of Sunmodur RF and RFE begin at Shin Hua plant.
1993 -
OEM production of six organic chemical products begun under contract with BAYER
AG.
1994 -
Leading New Product Design approval received from Ministry of Economic Affairs
for
development and application of emulsion resins for high-speed on-line
roller-coating
system.
1995 -
Received the Ministry of Economic Affairs for the new products development
1996 -
Began planning at Tayuan plant for ISO 9001 and ISO 14000 certification.
- Completed planning for R&D
center and installed additional fully automated resin
synthesizing reactors.
-
Began production of dibenzolymethane (DBM) begun at Shin Hua plant. R&D
Center built
at the Tayuan plant, precision analytical instruments procured, and new
automated reactors
installed and put into operation.
-
Began production and sale of chemical production for use in electronics begun
at Tayuan
plant.
1997 -
Completed and put into operation R&D Center at the Tayuan plant.
1999 -
Began production and sales of chemical products for opto-electronic industry at
Tayuan
plant.
-
Began production of photoinitiator products for printed circuit boards begun at
the Shin
Hua plant
-
Water-born and ultra violet light curable resins for printed circuit board
2000 -
Began production of reactive monomer, UV curable varnish initiator, and SBM
products at
Shin Hua plant.
-
Developed the ultra violet light curable for electronic application
2002 -
Developed the materials of photo spacer for liquid crystal displayer
2004 -
Developed the materials of ink-jet color ink for liquid crystal displayer
October 2006 - Shin Hua
plant expanded.
-
The new R&D building at Tayuan plant completed.
March 2007 - Three new warehouses at Shin Hua plant
completed.
July 2007 - GMA
plant, new monomer plant and new wastewater treatment facilities at Shin Hua
plant
completed.
*Company Name*
==============
Incorporated as :
AROMATIC CHEMICAL INDUSTRIAL CO LTD
Year of incorporation : 1974
Changed name to : AGI CORP
Date of change : May
2000
*Licenses & Permits*
=================
(1)
License number : 9962926200
Date issued : 21
November, 1985
Issuing authority :
Industrial Development Bureau, MOEA
(2)
License number : 9968373901
Date issued : 3
November, 1992
Issuing authority :
Industrial Development Bureau, MOEA
*Capital Details*
=============
Authorized capital : NTD
700,000,000.00
Paid up capital : NTD
550,000,000.00
*Office & Facilities*
===============
Size :
1,188 sq. meters (Approx.)
Location : Taipei
City
Property status : Owned by
AGI CORP
Type of building : Industrial
building
Other contact details
----------------------------
Tel no : 6-5911115
Email :
emarketing@agi2000.com.tw
Previous contact details
--------------------------------
Address : 6Fl, 473 Cheng Teh Rd
Tatung Dist Taipei City 103
Tel no : 2-25955075
Fax no : 2-25955577
*Factories, Size & Locations*
======================
The firm maintains two (2) manufacturing premises as listed below:
(1)
Size : 5,194 square meters (Approx.)
Location :
Taoyuan Hsien
Type of Building :
Industrial building
Property status : Owned
by AGI CORP
(2)
Size :
3,462 square meters (Approx.)
Location : Taoyuan Hsien
Type of Building :
Industrial building
Property status : Rented
*Corporate & Organization Structure*
============================
A large sized company operated and managed by an experienced team of professionals.
The company is NOT listed on the TSE (Taiwan Stock Exchange) or OTC
(Over-the-counter Exchange) but rather just a "public company"
belonging to the category of "Shin gui" (Public company applying for
Listing in OTC).
*Industry Ranking*
================
- Generally regarded as one of the Top 500 Companies in manufacturing
industry of Taiwan.
- Generally regarded as one of the Top 1000 Companies in manufacturing
industry of Taiwan.
- Generally regarded as one of the Top 5000 Companies in manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
2004 1,203
2005 1,215
2006 1,120
2007 1,215
*Accountants*
============
TRUSTNET INT'L MANAGEMENT CO LTD
*Registrar*
=========
SINOPAC SECURITIES CO LTD
Stock Market Code : 6507
www.agi2000.com.tw
The design is professional and the content is well organized. At present it is in
English version.
E-mail: aromatic@ms4.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 11
Total number of shares: N/A
Shareholders Country Number Amount %
Mr. Hung-chi Lee Taiwan n/a n/a n/a
Mr. Jung-shun Ke Taiwan n/a n/a n/a
Mr. Shuh-hua Yang Taiwan n/a n/a n/a
MAI HSI INVESTMENT n/a
2,840,994.00 n/a n/a
CO LTD
Mr. Bill Hsin-yung Chung Taiwan 1,552,983.00 n/a n/a
WELLSPRING Cayman Islands (British) 1,400,000.00 n/a n/a
INVESTMENTS LTD
Mr. Tseng-fu Huang Taiwan 1,264,558.00 n/a n/a
BIDNMAN PROPERTIES LTD n/a 1,100,000.00 n/a n/a
CH & SB HOLDING LTD n/a 818,000.00 n/a n/a
Mr. Ho-kuo Hung Taiwan 416,582.00 n/a n/a
Mr. Mei-ching Wu Taiwan 35,000.00 n/a n/a
Management: Ms. Chiu-lien Lin,
Manager
Ms. Chu-lien Hsu, Manager
Mr. Pei-chen Ting, Director
Name Nationality
Job Description Dept. / Division
Ms. Chiu-lien Lin Taiwanese
Manager Account
Ms. Chu-lien Hsu Taiwanese
Manager Audit
Mr. Pei-chen Ting Taiwanese
Director Factory
Mr. Hung-chi Kuo Taiwanese
Manager Factory
Ms. Yueh-hsiang Liao Taiwanese
Director Finance
Ms. Shu-hua Chen Taiwanese
Manager Human Resources
Ms. Min-hua Huang Taiwanese
Manager Purchasing
Mr. Li-chung Chang Taiwanese
Manager R&D
Mr. Ming-ho Chu Taiwanese
Manager Sales
Mr. Wei-Ping Lin Taiwanese
Manager Sales
Mr. Wu-chang Chiang Taiwanese
Manager Sales
Mr. Cheng-chao Pai Taiwanese
Director Technology
Mr. Chai-wei Tsen Taiwanese
General Manager -
Mr. Hsin-kuo Hsu Taiwanese
Manager -
Mr. Ke-ming Huang Taiwanese
Managing Director -
Mr. Bill Hsin-yung Chung Taiwanese
President -
Mr. Tseng-fu Huang Taiwanese
Vice President -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Bill Hsin-yung Chung
Nationality : Taiwanese
Country of Residence : Taiwan
2
Name : Mr. Hung-chi Lee
Nationality : Taiwanese
3
Name : Mr. Ke-ming Huang
Nationality : Taiwanese
4
Name : Mr. Ming-ho Chu
Nationality : Taiwanese
5
Name : Mr. Tseng-fu Huang
Nationality : Taiwanese
6
Name : Ms. Shu-hua Chen
Nationality : Taiwanese
7
Name : Ms. Yueh-hsiang Liao
Nationality : Taiwanese
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Research and development a wide range of monomers, oligomers and
related chemical products.
2. Importing a wide range of silica, chloride, propylene glycol and
related chemical raw materials.
3. Manufacturing a wide range of emulsion varnish, OPP, resin,
tranquilizer and related chemical products.
4. Sales and distribution of products to both domestic and international
markets.
Products: Acrylic emulsion varnish
Agrochemicals
Amino compound
Animal health
products
Anti-oxidants
*Brand*
======
AGI
*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)
*Production Capacity*
==================
Item Maximum
capacity Current
Capacity Year
-------
-----------------------
-----------------------
-------
Solidify of light material 34,400 (NTD 1,000/Tons) 26,114 (NTD 1,000/Tons) 2007
Organic special compounds material 3,960 (NTD 1,000/Tons) 2,079 (NTD 1,000/Tons)
2007
Electric photocell products 4,000 (NTD 1,000/Tons) 2,316 (NTD 1,000/Tons) 2007
*Competitors*
===========
The following locally based companies supply similar range of products:
- ETERNAL CHEMICAL CO LTD
- UNITED SILICA INDUSTRIAL LTD
- SHIN-ETSU SILICONE TAIWAN CO LTD
- OCEAN PLASTICS CO LTD
- LIH-NUNG AGRICULTURAL CHEMICAL INDUSTRIES LTD
- MING LONG ELECTRONICS CO LTD
*Merger & Acquisition *
===================
Type : Merger
Parties involved : - TAIWAN
GIANT INDUSTRIAL CO LTD
- AROMATIC CHEMICAL INDUSTRIAL CO LTD
Date of transaction : 30 April,
2000
Details : The
two companies merged, forming AGI CORP, present name of AROMATIC CHEMICAL
INDUSTRIAL CO LTD.
*Quality Certification*
==================
Obtained the following certifications:
(1)
Type of certification : ISO 9001
Issuing authority : BVQI
Year of certification : 1996
Other details :
Certification passed by Tayuan plant.
(2)
Type of certification : ISO9001
Issuing authority : BVQI
Year of certification : 2001
Other details :
Certification passed by Shin Hua plant.
*Domestic Suppliers*
=================
1. Currently EPOXY is purchasing their semiconductors from the following
local suppliers :
- NAN YA PLASTICS CORP
2. Currently AA is purchasing their semiconductors from the following
local suppliers :
- FORMOSA PLASTICS CORP
*Domestic Distributors*
===================
- SING FLAVOR ENTERPRISE CO
*Local Distribution Network*
=======================
An estimated 38% of the annual turnover is attributed to local sales to construction
firms and local manufacturers.
*Export Markets*
=============
An estimated 62% of the annual turnover is attributed to export.
Breakdown of exports as per region for year 2007 :
Region
% of Export
----------- -----------------
Asia 32.18
America
27.74
Europe
38.13
Other 4.95
*Overseas Suppliers*
=================
(1)
Supplier's name :
LANEXSS CORP (BAYER-AG)
Country :
USA
Materials/Component : BOC/RESORCINOL CYAMOXIM
(2)
Supplier's name :
SOLUTIA
Materials/Component : PCLS3
(3)
Supplier's name : BASF
Materials/Component : SM
*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 1019
2002 1113
2003 961
2004 742
2005 642
2006 594
2007 576
*LOCAL BRANCHES & MANAGEMENT *
=================================
Branch : AGI CORP (SHIN HUA
PLANT) - HSINHWA CHEN
Branch Address : 1 Na Pah Lin Shin Hua Chein Hsinhwa Chen, Tainan Hsien
712
Branch Tel : [+886] 6-5912055
Branch Fax : [+886] 6-5912677
Branch Employees : 73
*OVERSEAS AGENTS AND DISTRIBUTORS*
====================================
Agent : ZSLIN CO LTD
Country of Origin : Hong Kong
Product Description : Chemicals
Brand : AGI
Year : 2001
Agent : INDUSTRIAL INNOVATION SA DE CV
Country of Origin : Mexico
Product Description : Chemicals
Brand : AGI
Year : 2002
Agent : AL MADINA FOR ADVANCED TECHNOLOGY
Country of Origin : Egypt
Product Description : Chemicals
Brand : AGI
Year : 2001
Agent : CORION INDUSTRIAL CORP
Country of Origin : USA
Product Description : Chemicals
Brand : AGI
Year : 2001
Agent : ALLIANCE CHEMICALS PTE LTD
Country of Origin : Singapore
Product Description : Chemicals
Brand : AGI
Year : 1980
Agent : HIT INT'L PHILS INC
Country of Origin : Philippines
Product Description : Chemicals
Brand : AGI
Year : 2001
Agent : GOLDEN NORTH INT'L CORP
Country of Origin : Vietnam
Product Description : Chemicals
Brand : AGI
Year : 2002
Agent : ART MEDIA CORP
Country of Origin : Japan
Product Description : Chemicals
Brand : AGI
Year : 2002
Agent : WELLCHEM INDUSTRIES
Country of Origin : Australia
Product Description : Chemicals
Brand : AGI
Year : 2002
PAYMENT RATING : 2 OBTAINED SCORES :
77
|
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
FAIRLY LARGE amounts depending on individual judgement experience.
*BANK DETAILS*
================
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Chungshan Dist,Taipei City
Branch Address : 57 Chungshan North Rd Section 2
SWIFT Code : CCBCTWTP
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 Chungcheng Dist Taipei
City 100 (Head Office)
SWIFT Code : HNBKTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,Taipei City
Branch Address : 123 Jhongsiao E Rd Section 2 Chungcheng Dist Taipei
City 100 (Head Office)
SWIFT Code : ICBCTWTP
Bank Name : INDUSTRIAL BANK OF TAIWAN
Branch : Hsin-i Dist,Taipei City
Branch Address : 1Fl Capital Square 97-101 Sung Jen Rd Hsin-i Dist
Taipei City 110 (Head Office)
SWIFT Code : IBOTTWTP
Balance Sheet
Currency : NTD
Denomination : In thousands
2006 2007
------------- -------------
Current Assets 1,384,399 1,579,600
Funds & long-term investments 97,630 100,381
Property
863,192 1,061,755
Other Assets
19,050 20,343
Current Liabilities (Before) 852,079 1,206,185
(After) 737,495
--
Long-term Liabilities 284,599 214,886
Other Liabilities
16,467 18,064
Common stock 550,000 550,000
Capital Reserve 259,564 234,598
Retained Earnings (Before) 416,162 527,243
(After)
301,578 --
Total Assets
2,373,432 2,770,095
Total Liabilities (Before) 1,153,145 1,439,135
(After) 1,038,561 --
Total Shareholder's Equity (Before) 1,220,287
1,330,960
(After) 1,105,703 --
Income Statement
Currency : NTD
Denomination : In thousands
2006 2007
------------- -------------
Operating revenue 2,740,751 3,074,201
Gross Profit 592,186 627,914
Operating Income 267,303 265,385
Non-operating income 58,666 49,374
Non-operating expense 56,276 36,543
Net Income
219,004 225,665
Earnings (losses) per share (After) 3.98 4.10
*Financial Ratios*
===============
2006 2007
------------- -------------
Ratio of liabilities to Assets % 48.59 51.95
Ratio of long-term capital to fixed Assets% 174.34
145.59
Current ratio%
162.47 130.96
Quick ratio%
112.90 82.76
Interest coverage 12.20 12.96
Turnover of receivable (times) 3.85
3.91
Average collection period of receivable 95 93
Turnover of inventories (times) 5.05 5.24
Turnover of expense (times) 8.08 7.42
Average days of sales 72 70
Turnover of total assets (times) 1.15 1.11
Return on total assets% 9.23 8.15
Operating Income 48.60 48.25
Net Income before tax 49.04 50.58
Profit margin%
7.99 7.34
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2002 $32,303,592.99 $46,352,198.91 $1,365,449.84
2003 $43,599,798.15 $58,300,288.35 $1,749,077.28
2004 $68,585,233.08 $69,156,150.38 $4,059,639.10
2005 $75,704,612.95 $71,556,998.42 $5,240,347.55
2006 $82,852,206.77 $71,748,246.67 $6,620,435.31
2007 $92,764,061.56 $83,587,658.42 $6,809,444.78
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
2004 $17,745,397.98 $32,662,219.01 $50,407,616.99
2005 $19,674,801.01 $41,577,952.99 $61,252,754.00
2006 $19,515,869.01 $52,088,650.00 $71,604,519.01
2007 $25,218,285.00 $57,024,952.02 $82,243,237.02
SC is considered large-sized in its line with a development history of 31
years. Taking into consideration of SC’s general performance, a credit line up
to USD 2,000,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2800 Chemicals
and Allied Products
Exporting 2869 Industrial
organic chemicals,
Exporting 2879 Agricultural
pesticides and other agricultural chemicals,
Exporting 2899 Chemical
preparations,
Manufacturing 1475 Phosphates,
crude, and apatite
Manufacturing 2800 Chemicals
and Allied Products
Manufacturing 2869 Industrial
organic chemicals,
Manufacturing 2879 Agricultural
pesticides and other agricultural chemicals,
Manufacturing 2899 Chemical
preparations,
Manufacturing 5198 Paints,
Varnishes & Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2914399000 Aromatic ketones without other oxygen function
Exporting 2914401000 4-hydroxy-4-methylpentan-2-one (diacetone alcohol)
Exporting 2916121000 Aromatic esters of acrylic acids
Exporting 2918190000 Carboxylic acids with alcohol function but without other oxygen
function not elsewhere specified or included
Exporting 2922 Oxygen-function
amino-compounds
Exporting 2933390000 Compounds containing an unfused pyridine ring (whether or not
hydrogenated) in the structure
Exporting 3208200000 Paints and varnishes (incl enamels & lacquers)based on
synthetic polymers,etc,in a nonaqueous medium,based on acrylic or vinyl
polymers
Exporting 3403190000 Lubricating preparations containing petroleum oils or oils
obtained from bituminous minerals
Exporting 3506100000 Products suitable for use as glues/adhesives, put up for retail
sale as glues/adhesives, not exceeding a net weight of 1 kg (2.2 lbs)
Exporting 3506910000 Adhesives based on rubber or plastics (including artificial
resins) for use as adhesives, put up for retail sale as adhesive, nt exceed net
wt of 1 kg
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer FRP products
Manufacturer Organo
phosphate
Manufacturer Synthetic
drugs
Manufacturer Varnish for paper
coatings
Manufacturer Resin
reactors
Manufacturer Plastic synthetic
resins
Manufacturer Paper coating
Manufacturer Vinyl ester
resin
Manufacturer Benzophenone
Manufacturer Electronic
chemicals
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Africa Exporting
Asia / Pacific Exporting,Importing
Europe Exporting,Importing
Middle-East Exporting
North America Exporting,Importing
Pacific Exporting
South America Exporting
Afghanistan Exporting
Argentina Exporting
Australia Exporting
Belgium Exporting,Importing
Brazil Exporting,Importing
Canada Exporting
Chile Exporting
China Exporting,Importing
Colombia Exporting
Denmark Importing
Ecuador Exporting
Egypt Exporting
Finland Exporting
France Exporting,Importing
Germany Exporting,Importing
Guatemala Exporting
Hong Kong Exporting
India Exporting,Importing
Indonesia Exporting
Iran Exporting
Israel Exporting
Italy Exporting,Importing
Japan Exporting,Importing
Malaysia Exporting,Importing
Mexico Exporting
Netherlands Exporting
New Zealand Exporting
Pakistan Exporting
Peru Exporting
Philippines Exporting
Portugal Exporting
Singapore Exporting,Importing
South Africa Exporting
South Korea Exporting,Importing
Spain Exporting,Importing
Sri Lanka Exporting
Sweden Exporting,Importing
Syria Exporting
Thailand Exporting
Turkey Exporting
USA Exporting,Importing
United Kingdom Exporting,Importing
Venezuela Exporting
Vietnam Exporting
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.33 |
|
UK Pound |
1 |
Rs.73.92 |
|
Euro |
1 |
Rs.66.69 |
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%)