MIRA
INFORM REPORT
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Report Date : |
16.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
SHEILA AGENCIES |
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Registered Office : |
FF2, Sapthagiri Apartment, 10th Cross, 15th Main,
RMV Extension, Sadashivnagar, Bangalore – 560 080, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2003 |
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IEC No.: |
0700018361 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
ABGPD2724B |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Supplier of Playground Equipments, State of the art Play ground
systems, EDPM Rubber Flooring, Indoor Club House, Recreation Room Play Equipments,
Out Door Fitness Equipments, Park Accessories etc. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 50000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory
track. Trade relations are fair. Business is active. No complaints have been
heard. The concern can be considered good for normal business dealings. |
LOCATIONS
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Registered Office : |
FF2, Sapthagiri Apartment, 10th Cross, 15th
Main, RMV Extension, Sadashivnagar, Bangalore – 560 080, Karnataka, India |
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Tel. No.: |
91-80-41137409 / 41328217 / 23610758 |
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Mobile No.: |
91-9840749976 / 9844865773 |
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Fax No.: |
91-80-23615020 |
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E-Mail : |
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Area : |
2500 Sq. ft. |
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Location : |
Rented |
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Factory : |
Peenya, Bangalore |
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Area : |
7000 Sq. ft. |
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Location : |
Rented |
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Branch Office : |
Located at ·
Chennai ·
Mumbai ·
Delhi ·
Pune |
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Regional Office
: |
Naseem Al Barari, Al Dana Centre, Al Maktoum Hospital
Road, PO Box 22927, Dubai UAE |
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Tel. No.: |
971-4-2279227 |
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Marketing Office
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Block C1 Office no. 1008, Ajman Free Zone, Ajman UAE |
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Tel. No.: |
971-6-7479764 |
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International
Head Quarter : |
33, Rue De Blaye, Quartier La Gironde, 20500, Casablanca,
Morocco |
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Tel. No.: |
212-22-300087 |
SOLE PROPRIETOR
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Name : |
Mr. Roben Dass |
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Designation : |
Proprietor |
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Date of Birth/Age : |
39 Years |
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Qualification : |
MBA |
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Experience : |
15 Years |
BUSINESS DETAILS
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Line of Business : |
Supplier of Playground Equipments, State of the art Play ground
systems, EDPM Rubber Flooring, Indoor Club House, Recreation Room Play
Equipments, Out Door Fitness Equipments, Park Accessories etc. |
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Products : |
·
Multiplay Systems ·
Kids Play Systems ·
Play Systems ·
·
Climber ·
Merry Go Round, Merry Go Hip Hop,Creepy Crawly, Monkey Bar ·
·
Ajmera Group - Mumbai ·
Modesh Fun City - Dubai ·
Tahiti Beach Club - Casablanca- Morocco ·
Purva Parkridge - Bangalore ·
Hiranandani - Thane |
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Exports : |
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Countries : |
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Morocco ·
Syria ·
UAE ·
Jordon ·
Labonan |
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Imports : |
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Countries : |
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Korea ·
Taiwan ·
Malaysia ·
China |
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Terms : |
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Selling : |
L/C – about 10 days |
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Purchasing : |
L/C |
Swing, Swing stones, Log roller
GENERAL INFORMATION
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Suppliers : |
·
Samsung ·
Korea ·
Taiwan |
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Customers : |
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Builders ·
Schools ·
Clubs ·
Omax ·
DLF |
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No. of Employees : |
25 (All India 125) |
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Bankers : |
Canara Bank Madhavnagar, Bangalore - 560 001, Karnataka, India |
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Facilities : |
About Rs.5.000 millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
V T Shetty Associates Chartered Accountant |
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Memberships : |
FKCCI, Toys Association of India |
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Associates/Subsidiaries : |
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Neptune Engineering Company ·
Lakshmi Trust |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.10.000 millions |
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Borrowed : |
- |
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Total : |
Rs.10.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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30.000 |
15.000 |
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Profit/Loss for the year |
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About 10 to 15% |
About 10 to 15% |
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Export Value |
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12.000 |
6.000 |
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Import Value |
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5.000 |
2.500 |
Average Value of Inventories at any Given Time About Rs.3.500 millions
LOCAL AGENCY
FURTHER INFORMATION
Trustseal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
Koochie Play Systems International (Brand) |
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Address : Brand Owned By |
Sheila Agencies, FF2, Sapthagiri Apartment, 10th Cross, 15th
Main, RMV Extension, Sadashivnagar, Bangalore – 560 080, Karnataka |
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2nd address |
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Phone/ Mobile Numbers |
91-80-41137409, Mobile - 9844865773 |
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Fax Numbers |
91-80-23615020 |
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Electricity Bill |
C 2 EH 15581 |
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Statutory Approvals |
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Legal Status of Firm |
Proprietory |
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Income Tax Registration |
ABGPD2724B |
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VAT/ TIN Registration |
29100028766 |
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Import Export Code |
0700018361 |
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Name of Bank |
Canara Bank |
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Current Account Number |
0788261010610 |
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Account Since |
Since 10 Years |
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Credibility Factors |
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IndiaMART Client Since |
Since Recently |
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Years of Establishment |
2003 |
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Turn Over |
Rs.30.000 millions |
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Turn Over Year |
2007-08 |
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Chambers of Commerce Membership |
Toys Association of India |
Web Details
Profile
Subject is a global provider of children’s outdoor
play systems. Subject is a company that creates state of the art playground
equipment, meeting all international standards in terms of design, aesthetics,
product durability and above all child safety.
The soul aim is not just to provide quality
playground equipment but also to ensure child safety, which is often overlooked
by other providers in India”.
Igroupe
Profile
I'Groupe is a corporation involved in Trading, Exports, Imports,
Corporate Consultancy, Education Institutions etc. Its head office is in
Bangalore with its principal operations in India, and regional operations in
Sri Lanka, South Africa, Thailand, Taiwan, Maldives etc.
I'Groupe's operations are conducted through eight principal
operating divisions: Sheila Impex International, Neptune Engineering Company,
Laxmi Trust, Sheila Agencies, Kal's Engineering, S.A. Tapes and associate
divisions, International Travel Service, Agencies International, Chetex
Trading, etc.
One of the most diversified companies, its scope of business
includes, Buyers Representatives [Buying House to International Brands],
Exports, Imports, local trading and distribution, Educational Institutions,
Corporate Consultancy Services, bottling Imported alcohoholic beverages etc.
Focus and a corporate approach to business has successfully resulted in
"PERFECTION IN DIVERSIFICATION" as they would like to call
themselves.
About Igroupe
I’Groupe’s operations
are conducted through eight principal operating divisions: Neptune Engineering Company, Sheila Agencies [smoby division,
garment division, tapes division, and silicone softners division], Kal’s Engineering, Prerna Foundation, Laxmi Trust and associate divisions,
International Travel Service, Agencies International,0 Chetex Trading.
I’Groupe, was
localized in the year 1985, with humble beginnings initiated by its founder Mr.
ROBEN DASS now the Managing
Director of the Group. The business was started with simple trading and
distribution activities restricted to local supplies but was carefully
consolidated and expanded into international business spanning over many
countries besides business expansion on an all India level. Thereon
concentration was upon diversification into un-related business activities,
which again was expanded on multi levels and geographical regions.
Today I’Groupe has
come a long way in building up a huge clientele backed with world famous
corporate brands that it deals in besides now owning its own brand of specialty
adhesive tapes used in the construction industry. This has provided a suitable
platform for its businesses to grow organically as well as through carefully
targeted diverse expansions.
I’Groupe unique
characteristic is its un-related diversification. The business consists of
trading in Silicone Sealants, Construction Chemicals, Silicone Emulsion,
Manufacture of adhesive tapes, Exports and Imports, Import and
distribution of SMOBY children's Indoor and Outdoor toys, running
Educational Institutions, providing professional corporate consultancy, travel
bureaus, etc. Further expansion plans include import and bottling of ALCOHOLIC
BEVERAGES very shortly.
I’Groupe has a
young dedicated team of professionals involved in the running and operations of
the business with a common goal ‘PERFECTION
IN DIVERSIFICATION” and they all manage to work in harmony to achieve
combined goals and targets.
I’Groupe latest endeavor is focused upon setting up international
offices in South East Asia to cater to the huge trading market opportunities
available. Efforts are now on to achieve the same in a short span of time.
Igroupe - Group
Companies
·
Smoby Division
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Laxmi Trust
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S A Tapes Division
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Kals Engineering
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Agencies International
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Koochie Systems
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Neptune Engineering
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GE Emulsion Division
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Prerna Foundation
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International Travel Services
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Sheila Impex
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.94 |
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UK Pound |
1 |
Rs.72.07 |
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Euro |
1 |
Rs.64.70 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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45 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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