MIRA
INFORM REPORT
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Report Date : |
01.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
MADHUCON GRANITES LIMITED |
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Formerly Known As : |
MADHU MINERALS TRADING COMPANY PRIVATE LIMITED |
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Registered Office : |
1-7-70, Madhu Complex, Jublipura, Khammam-507 003, Andhra Pradesh |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
15.02.1988 |
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Com. Reg. No.: |
01 - 8311 |
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CIN No.: [Company
Identification No.] |
U13209AP1988PLC008311 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
HYDM02242C |
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Legal Form : |
A Closely held Public Limited Liability Company |
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Line of Business : |
Manufacturers and Exporters of Granites. |
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 2864000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but 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. Payments are reported as slow but correct. The company
has improved its performance recently. The company can be considered normal for business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered Office : |
1-7-70, Madhu Complex, Jublipura, Khammam-507 003, Andhra Pradesh,
India |
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Tel. No.: |
91-8742-225141 / 225381 |
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Fax No.: |
91-8742-224408 |
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E-Mail : |
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Website : |
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Head Office : |
D-27, East of Kailash, New Delhi - 110 065, India |
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Tel. No.: |
91-11-26425507/26425820 |
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Corporate Office : |
Madhucon House, Plot: 1129/A, Road No. 36 Hitec City Road, Jubilec
Hills, Hyderabad-500 034, Andhra Pradesh, India |
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Tel. No.: |
91-40-2355 6001 / 2 / 3 / 4 |
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Fax No.: |
91-40-2355 6005 |
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E-Mail : |
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Website: |
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Factory 1 : |
Beside D No. 135, Addakurukki (Village), Kamanadoddi (Post), Hosur
(Tq), Krishnagiri (District)- 635 109, Tamil Nadu, India |
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Tel. No.: |
91-4344-200631 / 33 / 34 / 35 |
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Fax No.: |
91-4344-200632 / 257309 |
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E-Mail : |
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Factory 2 : |
Gollagudem Village, Khammam Rural Mandal, Kammam
District, Andhra Pradesh, India |
DIRECTORS
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Name : |
Mr. Nama Nageswar Rao |
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Designation : |
Director |
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Address : |
H No. 648, Road No. 14, Jubilee Hills, Hyderabad-500 033, Andhra
Pradesh |
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Date of Birth/Age : |
15.03.1957 |
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Date of Appointment : |
15.05.2004 |
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Name : |
Mr. Nama Krishnaiah |
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Designation : |
Whole Time Director / Executive Director |
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Address : |
Varalakshmi Nilayam, H No. 11-4-65/C, Nehru Nagar, Khammam-507 002,
Andhra Pradesh |
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Date of Birth/Age : |
15.12.1967 |
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Date of Appointment : |
15.05.2004 |
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Name : |
Mr. Thottampudi Venugopal Rao |
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Designation : |
Director |
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Address : |
D-23, Steel and Mines Complex, Srinagar Coloy Extn., Hyderabad-500
073, Andhra Pradesh |
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Date of Birth/Age : |
04.06.1968 |
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Date of Appointment : |
12.04.2000 |
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Name : |
Mr. Kamma Srinivasa Rao |
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Designation : |
Director |
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Address : |
Varalakshmi Nilayam, H No. 11-4-65/C, Nehru Nagar, Khammam-507 002,
Andhra Pradesh |
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Date of Birth/Age : |
22.08.1973 |
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Date of Appointment : |
05.03.2004 |
KEY EXECUTIVES
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Name : |
Mr. Satyamurthy Ravi |
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Designation : |
Secretary |
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Address : |
H No. 1-6-39/78/2, Plot No. 154, Premasai Nagar, West Venkata Puram, Alval,
Secunderabad-500 015, Andhra Pradesh |
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Date of Birth/Age : |
28.06.1970 |
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Date of Appointment : |
19.09.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. Nama Nageswar Rao |
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7200000 |
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Mrs. Nama Chinnamma |
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4050000 |
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Mr. Nama Krishnaiah |
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2250000 |
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Mrs. Nama Seethaiah |
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1404000 |
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Mr. Thottampudi Venugopal Rao |
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21000 |
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Mr. Nama Varalakshmi |
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54000 |
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Mr. Rama Rao |
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21000 |
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Total |
15000000 |
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Percentage of
Holding |
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Directors or relatives of directors. |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers and Exporters of Granites. |
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Products : |
v Granites Stones v Marble Stones v Marble Slabs v Marble Tiles v Marble Powder v Marble
White Paint |
PRODUCTION STATUS
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Particulars |
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Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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Monuments and Building Slabs |
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15000 Sq. m |
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Boshis/Monuments |
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9000 Sq. M |
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Building Slabs |
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24.00 Lakhs |
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GENERAL
INFORMATION
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No. of Employees : |
15 |
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Bankers : |
Ø State Bank of India, Khammam, Andhra Pradesh Ø State Bank of India, Ongole, Andhra Pradesh Ø State Bank of Hyderabad, Khammam, Andhra Pradesh Ø Canara Bank, Khammam, Andhra Pradesh Ø Canara Bank, Industrial Finance Branch, TSR Complex, SP Road, Secundrabad - 500 003, Andhra Pradesh Ø Canara Bank, Ongole Ø ICICI Bank, Hyderabad, India Ø Andhra
Bank, Khammam Ø State
Bank of India, Overseas Branch, LHO Compound, St. Mark’s Road, Bangalore-560
001, Karnataka E-mail: rjraman3@gmail.com |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
K Siva Rama Krishna Prasad Chartered Accountants |
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Address : |
H No. 31, Plot No. 13, Road No. 3, Arora Colony, Banjara Hills,
Hyderabad-500 034, Andhra PRadesh |
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Associates : |
Ø Madhucon
Projects Limited Ø Madhucon Engineers Limited Ø Madhucon Sugars
and Power Industries Limited Ø Varalakshmi
Granites Limited |
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Subsidiaries : |
Ø Varalakshmi
Granites Private Limited Ø Madhucon Sugar
and Power Industries limited Ø MBN-Anchored
Earth Limited Ø Madhucon Finance
Limited Ø Madhucon
Infotech Limited Ø Madhucon Land
Developers Limited Ø Madhucon
Properties Limited Ø Nama Properties
Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
150.000 |
150.000 |
150.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
566.099 |
505.760 |
282.087 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
716.099 |
655.760 |
432.087 |
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LOAN FUNDS |
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1] Secured Loans |
323.834 |
384.777 |
258.315 |
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2] Unsecured Loans |
494.251 |
218.695 |
103.115 |
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TOTAL BORROWING |
818.085 |
603.472 |
361.430 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1534.184 |
1259.232 |
793.517 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
591.549 |
620.768 |
402.471 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
27.550 |
33.536 |
33.536 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
463.676
|
347.274 |
0.000 |
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Sundry Debtors |
466.317
|
240.717 |
0.000 |
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Cash & Bank Balances |
9.358
|
16.741 |
0.000 |
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Other Current Assets |
65.925
|
44.526 |
0.000 |
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Loans & Advances |
96.164
|
31.357 |
426.937 |
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Total
Current Assets |
1101.440
|
680.615 |
426.937 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
164.498
|
48.988 |
71.100 |
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Provisions |
21.857
|
26.699 |
0.000 |
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Total
Current Liabilities |
186.355
|
75.687 |
71.100 |
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Net Current Assets |
915.085
|
604.928 |
355.837 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
1.673 |
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TOTAL |
1534.184 |
1259.232 |
793.517 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
1148.305 |
772.897 |
468.686 |
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Other Income |
5.680 |
2.870 |
115.046 |
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Total Income |
1153.985 |
775.767 |
583.732 |
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Profit/(Loss) Before Tax |
338.847 |
250.372 |
247.973 |
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Provision for Taxation |
-- |
-- |
22.741 |
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Profit/(Loss) After Tax |
338.847 |
250.372 |
225.232 |
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Expenditures : |
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Administrative Expenses |
0.000 |
0.000 |
25.725 |
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Raw Material Consumed |
228.598 |
123.538 |
0.000 |
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Consumption of stores and spares parts |
68.795 |
68.496 |
0.000 |
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Increase/(Decrease) in Finished Goods |
(69.933) |
(144.029) |
0.000 |
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Salaries, Wages, Bonus, etc. |
22.727 |
19.622 |
0.000 |
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Managerial Remuneration |
0.240 |
0.240 |
0.000 |
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Payment to Auditors |
0.074 |
0.050 |
0.000 |
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Interest |
12.858 |
15.570 |
0.000 |
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Insurance Expenses |
2.757 |
2.977 |
0.000 |
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Power & Fuel |
43.482 |
36.031 |
0.000 |
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Depreciation & Amortization |
39.652 |
57.734 |
34.795 |
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Other Expenditure |
465.888 |
345.166 |
448.214 |
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Total Expenditure |
815.138 |
525.395 |
508.734 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
3.36
|
32.27 |
4.32 |
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Net Profit Margin (PBT/Sales) |
(%) |
29.50
|
32.39 |
52.90 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
30.76
|
36.78 |
58.08 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.47
|
0.38 |
0.57 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.26
|
0.11 |
0.16 |
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Current Ratio (Current Asset/Current Liability) |
|
5.56
|
12.34 |
5.00 |
LOCAL AGENCY FURTHER
INFORMATION
Bankers Charges
Report as per Registry
|
Name of the company |
MADHUCON GRANITES LIMITED |
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Presented
By |
STATE BANK OF INDIA, Overseas Branch, St.
Mark’s Road, Bangalore-560 001 and MADHUCON GRANITES LIMITED |
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1) Date and description of instrument creating the change |
Date : 01.06.2005 Agreement of
Hypothecation of Goods and Assets, Form C 2 Letter regarding the grant of
Individual Limits within the Limit Form C 5 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.262.500
Millions [EPC/PCFC – Rs.
65.000 Millions, FBD(NLC)- Rs.60.000 Millions, Rs.96.500 Millions, LC and BG Rs.6.000 Millions |
|
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 |
Hypothecation of
all present and future goods, book debts., and all other movable assets of
the borrower including document of title to goods outstanding monies,
receivables including receivables by way of cash/assistance and/or cash
incentives under the cash incentive scheme or any other scheme, claims,
including claims by way of refund of customs/excise duties under the duty
draw back credit scheme or any other scheme, bills, invoices, documents,
contracts, insurance policies, guarantees, engagements, securities,
investments, rights and hypothecation of the present machinery to or in the
possession or under the control of the borrower wherever lying, stored and
kept and whether in possession of the borrower or of the bank or of any third
party whether in India or elsewhere through out the world including all such
goods, other movable assets, as may be in course of shipment, transit or
delivery, by way of First Charge. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest:
EPC-6.5% per
annum with Periodical rests &/or at such rate/s and rests as may be
specified by the Bank from time to time. PCFC : 6 months
Libor plus 0.75% per annum TL: 9% per annum
with periodical rests and/or at such rate/s and rests as may be specified by
the bank from time to time. FCNRB TL: 6
months Libor plus 3.75% to be reset every 6 months. Penal Interest:
2% per annum Margin: 25% on
FG/LC/BG and 41% on TL Repayment: CC on
demand TL: in 7 half
yearly installments. First 6
Installments of Rs.13.800 Millions each and last installments of Rs.13.700
Millions commencing from 30.11.2005 |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of
India Overseas Branch,
St. Mark’s Road, Bangalore-560 001 |
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6) Date and brief description of instrument modifying the charge |
NA |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
NA |
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This form is for |
Modification of
charge |
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Charge
identification number of the charge to be modified |
90116492 |
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Corporate identity
number of the company |
U13209AP1988PLC008311 |
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Name of the
company |
MADHUCON GRANITES
LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
1-7-70, Jubilee
Pura, Khammam, Andhra Pradesh |
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Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of
India Overseas Branch,
LHO Compound, St. Mark’s Road, Bangalore-560 001, Karnataka E-mail: rjraman3@gmail.com |
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Nature of description
of the instrument creating or modifying the charge |
|
|
Date of
instrument Creating the charge |
24.04.2007 |
|
Amount secured by
the charge |
Rs.233.900
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate: WCL- At
2.90% below sbar with a minimum of 8.10% per annum rising or falling
therewith, on daily products with monthly rests. Present effective rate 8.10%
per annum. TL 1.75% below sbar with a minimum of 9.25% per annum rising or
falling therewith. On daily products with monthly rests. Present effective
rate 9.25% per annum rising or falling therewith, on daily products with
monthly rests. Present effective rate 9.25% per annum. Penal interest for non
compliance of terms of sanction: Max 2% per annum over the normal rate.
Prepayment penalty as per terms of sanction. Terms of
repayment Working capital
facility repayable on demand, Sanction period for 12 months For term loan: in
7 half yearly installments (6 equal half yearly installments of Rs.13.800
Millions each and last installments of Rs.13.700 Millions) Margin Raw
Materials-Semi finished goods/Finished Goods-10% LC/BG-15% Extent operation
of the charge Exclusive first
charge on the assets of the company and to the full extent. Others EPC/PCFC-Rs.100.000
Millions Term
Loan-Rs.68.900 Millions Letter of
Credit-Rs.50.000 Millions Bank guarantee
–Rs.15.000 Millions Total
Limit-Rs.233.900 Millions |
|
Short particulars
of the property charged |
|
|
Date of latest
modification prior to the present modification |
15.02.2007 |
|
Particulars of
the present modification |
The amount
secured by the charge remains at Rs.233.900 Millions security of immovable
property already obtained. Above continues to be available for the limit all
other terms and conditions remain unchanged. |
Fixed Assets:
Ø
Factory Land
Ø
Factory Land
Ø
Mining Land
Ø
Land- Delhi
Ø
Building-Factory
Ø
Building-Ongole
Ø
Building-Delhi
Ø
Building-Madurai
Ø
Plant and Machinery (IMP)
Ø
Plant and Machinery (IND)
Ø
Electrical Installments
Ø
Furniture and Fixtures
Ø
Vehicles
Ø
Mining Equipments
Ø
Office Equipments
Ø
Computers
Ø
Capital WIP
As per web details:
With a mission to deliver unique and qualitative granite
products,Subject was established in the year 1988. Subject, a 100% E.O.U,
started by Mr. Nama Nageshwar Rao. Today enjoys excellent credibility amongst
its clientele and is poised to emerge as a force to reckon in the International
Granite market.
Subject under its fold has several granite quarries to enable qualitative and
quantitative customer service. The company is a proud member of Madhucon group
of companies.
Their Vision
To enrich the quality of life and societal welfare through maximizing their
qualitative contribution
Their Mission
To achieve a turnover of US $ 500 million company by 2010 to elevate to a
globally respected granite brand in the next 10 years
Their Policy
They strongly believe in the concept of – “A Satisfied customer is the best
advertiser”. Customer satisfaction is their priority.
Their Core Values
Uncompromising quality commitment and customer value creation with utmost
integrity and sincerity towards all relations
Group Companies
MADHUCON
PROJECTS LTD.
Incorporated
on 15th March 1990 under the Companies Act 1956,is the flagship company of the
group. It is a professionally managed engineering construction company, with
its inception in the year 1980. With the expansion and growth of business, the
company was converted into Public Limited Company in the year 1995. Madhucon is
registered with various departments of the State and Central Governments and
Public Sector Under taking.
Fastest Growing Construction Company - 1st Rank Award in 2004 by
Construction World - NICMAR.
Outstanding Performance & Super Quality Construction Award by Konkan
Railways.
State of Art Machinery worth
Rs.2000.000+ Millions
Present Orders in hand Rs.70000.000 + Millions
MADHUCON
ENGINEERS LTD.
Madhucon
Engineers Limited is one of the leading multi-disciplinary Consultancy
organizations in the state being promoted by group of civil and structural
engineers, having wide experience in various fields of specialization. It has
carried out consultancy works for major Government & private clients.
Madhucon Engineers Limited has been awarded Project Management Consultancy for
up gradation of slums in 3 class-I cities in Karnataka state.
MADHUCON
SUGARS & POWER INDUSTRIES
Madhucon
Sugars and Power Industries is located at Khammam near Hyderabad, South India.
Crushing capacity of 3500 TCD. By-product Ethanol of Capacity 60,000 Lts per
day.22MW Bagasse based cogen project is coming up in this unit under CDM (Clean
Development Mechanism).
Infrastructure
GANGSAW
UNIT, NEAR BANGALORE, SOUTH INDIA.
The state- of- the-art unit at Hosur has been operational
since April 2004. With spacious layout, the factory has a stockyard capable of accommodating
4,000 to 5000 cbm of Raw blocks. The facility is equipped with fully automated
imported machines, viz
Ø 10 Numbers HIGH
SPEED GANGSAW MACHINES - Imported from ITALY
Ø 2 Numbers LINE
POLISHING - Imported from ITALY
Ø 1 Number EPOXY
MACHINE - Imported from ITALY
Ø 4 Numbers WIRE SAW
MACHINES - Imported from ITALY
Ø Other Ancillary
MACHINEs - Imported from ITALY
With a production capacity of 7.5 lacks sq.ft. per month and with the
facility of their own quarries, their strength lies in their potential to
supply premium quality granite slabs
MONUMENT UNIT, NEAR HYDERABAD, SOUTH INDIA.
Subject has a sprawling 8-acre processing plant located near Hyderabad,
South India. The state-of-the-art facility is an epitome of excellence when it
comes to design and work flow methods. The plant, equipped with ultra modern
processing machines and operational devices is well placed to cater to absolute
product requirements and quality norms.
Some of the avant-garde machines used are:
Ø CUTTING MACHINE,
Imported from GERMANY
Ø POLISHING MACHINE,
Imported from FRANCE
Ø PROFILE CUTTING
MACHINE, Imported from FRANCE
The plant is well connected by air and road to major cities like
Hyderabad and Chennai. This gives us the confidence to ensure timely delivery
of products, anytime, anywhere.
CUT TO SIZE UNIT, NEAR HYDERABAD, SOUTH INDIA.
Subject Cut to size unit is located at Khammam, near Hyderabad. Known as
Varalakshmi Granites (Private) Limited, the factory was set up to process
Granite Slabs, Cut-to-Size Slabs, Prefabricated Kitchen Top and Vases, to
Market Export as well as Domestic market's demand.
This factory is also equipped with fully automated machines, viz.
Ø VERTICAL BLOCK SAW
MACHINES- 4 No.s
Ø AUTOMATIC
POLISHING MACHINE- 1 No. s
Ø Other Ancillary
MACHINEs - 4 No.s
They have national and international marketing presence.
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.39.36 |
|
UK Pound |
1 |
Rs.78.29 |
|
Euro |
1 |
Rs.58.48 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
46 |
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 |
|