MIRA
INFORM REPORT
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Report Date : |
12.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAINI PRECISION PRODUCTS PRIVATE LIMITED |
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Registered Office : |
B-165, 3rd Cross, 1st Stage, Peenya Industrial Estate, Bangalore 560058,
Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
03.03.1972 |
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Com. Reg. No.: |
08-2307 |
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CIN No.: [Company
Identification No.] |
U27201KA1973PTC002307 |
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IEC No.: |
0788007530 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and Exporting of precision products, engineering parts, automobile parts, castings parts, auto spare parts, components, assentic & sub assentic and national handling parts. |
RATING &
COMMENTS
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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 2200000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track. Directors are reported as experienced, respectable and resourceful businessmen. Their trade relations are fair. Payments are correct and as per commitments. Your proposed business dealings of US$ 22000 can be considered against D/A or D/P or Clean Credit terms suggested. |
LOCATIONS
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Registered Office : |
B-165, 3rd Cross, 1st Stage, Peenya Industrial Estate, Bangalore 560058,
Karnataka, India |
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Tel. No.: |
91-80-2212492 |
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Fax No.: |
91-80-2270684 |
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E-Mail : |
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Website : |
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Factory 1 : |
5A, Bommasandra Industrial Estate, Bangalore, Karnataka, India |
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Tel. No.: |
91-80-22898971 |
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Fax No.: |
91-80-7832585 |
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Factory 2 : |
Bommasandra Industrial Estate, Bangalore, Karnataka |
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Tel. No.: |
Tel. No. 91-80-7835307 |
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Factory 3 : |
No. 59 & No. 165, IIIrd Cross, Peenya Industrial Estate, Bangalore - 560 001, Karnataka, India |
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Tel. No.: |
91-80-839 4116 / 839 4117 / 839 2807 |
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Fax No.: |
91-80- 839 4714 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Kewal Krishan Nohria |
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Designation : |
Director |
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Address : |
11, Aryavartha, N. D. Road, Mumbai 400026, Maharashtra, India |
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Date of Birth/Age : |
10.01.1932 |
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Date of Appointment : |
26.03.1999 |
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Name : |
Mr. Gautam Maini |
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Designation : |
Director |
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Address : |
Flat No. 103-104, Silver Crest Apartments No. 13, Rest House Road,
Bangalore 560001, Karnataka, India |
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Date of Birth/Age : |
09.11.1967 |
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Date of Appointment : |
16.10.1989 |
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Name : |
Mr. Santosh Senapati |
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Designation : |
Director |
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Address : |
11, Tahnee Heights, A wing, Petit Hall, 66, Napeansea Road, Mumbai
400006, Maharashtra, India |
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Date of Birth/Age : |
30.07.1962 |
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Date of Appointment : |
30.06.2005 |
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Name : |
Mr. Sudarshan Kumar Maini |
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Designation : |
Director |
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Address : |
38, Maini Sadan, 7th cross, Lavelle Road, Bangalore 560001,
Karnataka, India |
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Date of Birth/Age : |
29.06.1933 |
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Date of Appointment : |
03.03.1973 |
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Name : |
Reva Maini |
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Designation : |
Director |
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Address : |
38, Maini Sadan, 7th cross, Lavelle Road, Bangalore 560001,
Karnataka, India |
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Date of Birth/Age : |
21.04.1943 |
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Date of Appointment : |
03.03.1973 |
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Name : |
Mr. Akhilesh Rai |
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Designation : |
Director |
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Address : |
E-65, Vasanth Marg, Vasanth Vihar, New Delhi 110057, India |
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Date of Birth/Age : |
28.07.1948 |
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Date of Appointment : |
05.12.2003 |
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Name : |
Mr. Som Mittal |
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Designation : |
Director |
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Address : |
3298, 12th A, Main Hall, 2nd stage, Bangalore
560008, Karnataka, India |
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Date of Birth/Age : |
07.02.1952 |
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Date of Appointment : |
14.01.2005 |
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Name : |
Ms. Ada Tse |
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Designation : |
Director |
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Address : |
2/F 25, South Bay Road, Hong Kong |
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Date of Birth/Age : |
09.09.1966 |
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Date of Appointment : |
30.06.2005 |
KEY EXECUTIVES
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Name : |
P. K. Pande and Associates |
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Designation : |
Company Secretary |
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Address : |
No. 139, Shalimar Galaxy, Seshadripuram 1st main Road,
Bangalore 560020, Karnataka, India |
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Tel. No. : |
91-80-23465808 / 23565897 |
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Fax No. : |
91-80-23455807 |
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Mobile No. : |
91-9448089774 |
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E-mail : |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
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No. of Shares |
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Sudarshan Kumar Maini |
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48240 |
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Reva Maini |
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4351 |
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Sandeep Kumar Maini |
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14700 |
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Gautam Kumar Maini |
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14700 |
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Vipeen Sareen |
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1300 |
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MPP Employees Welfare Trust represented by its Trustees Mr. Sudarshan
Kumar Maini, Mrs. Reva Maini, Mr. Gautam Kumar Maini |
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2004 |
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Chetan Kumar Maini |
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14700 |
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Total |
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99995 |
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Equity Share
Break-up |
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Percentage of
Holding |
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Directors or relatives of the
Directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Exporting of precision products, engineering parts, automobile parts, castings parts, auto spare parts, components, assentic & sub assentic and national handling parts. |
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Exports : |
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Products : |
Automobile/ transmission parts |
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Countries : |
U.S.A |
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Imports : |
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Products : |
Steel |
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Countries : |
Sweden |
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Terms : |
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Selling : |
L/C or Credit (150 days) |
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Purchasing : |
L/C, Cash or Credit (60 days |
GENERAL
INFORMATION
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Suppliers : |
Ř GKS [India] Ř Manjunatha Metal
Finishers Ř Therlek
Engineers Private Limited Ř Annapurna
Industries Ř Aishtek Werks Ř Kyes Industries Ř Ess Vee
Industries Ř Hymech Engineers
Ř Emcee Pressings Ř Hema Engineering
Industries Ř Apple Die
Casters |
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Customers : |
Ř BOSCH, Germany Ř BOSCH, France Ř BOSCH, Austria Ř BOSCH, Turkey Ř B.T., Sweden Ř Clark - Blue Giant, USA Ř Clark - Blue Giant, Canada Ř General Motors, USA Ř MIC, France Ř OMR, Italy |
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No. of Employees : |
520 |
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Bankers : |
Ř
ING Vysya
Bank Limited M. G. Road Branch, Bangalore 560001 [A Banking company Ř
The Hong
Kong and Shanghai Banking Corporation Limited 7 M. G. Road,
Bangalore 560001, Karnataka, India Ř
State Bank
of India Ř
Canara Bank Ř
ICICI Bank Ř HDFC Bank
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Walker and Chandiok and Company Chartered Accountants |
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Address : |
3274/A, 11th main, HAL II stage, Indiranagar, Bangalore
560038, Karnataka, India |
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Memberships : |
Confederation of Indian Industry |
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Collaborators : |
The company has technical collaboration with : v Berger GmbH, Germany v Abressa, Spain v Blue Giant, Canada v Brodrene Vestergaard, Denmark v Eisenwerk Hensel Bayreuth, Germany v Hiab, Sweden |
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Associates/Subsidiaries : |
v Maini Granites Limited - Exporters of granite tiles v Bangalore Commercial Corporation - Import & export of various merchandise v Karnataka Electronics - Manufacturers of hand primers, diesel filters and filter inserts v Maini Abrasives Private Limited - Manufacturers of abrasives for granites and marble industries v Reva Electric Car Company Private Limited v Bomnasadra, Bangalore, Karnataka - Manufacturer and seller of battery operated city cars v Bangalore Transport Finance Company v Chamundi Die Castings Private Limited v Diabu (India) Private Limited v Double Clean Bio-Tec Private Limited v Maini Granites v Maini Industrial Consultants v Maini Technology Centre v Maini Materials Movement Private Limited v Bomnasdra, Bangalore, Karnataka - Manufacturer of Material handling equipments. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000 |
Equity Shares |
Rs. 100/- each |
Rs. 15.000 Millions |
|
50000 |
Preference Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
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Total |
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Rs. 20.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
99995 |
Equity Shares |
Rs. 100/- each |
Rs. 9.999
Millions |
|
37498 |
Preference Shares |
Rs. 100/- each |
Rs. 3.750
Millions |
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Total |
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Rs. 13.749 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2007 |
31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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13.749 |
13.749 |
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2] Share Application Money |
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0.000 |
0.000 |
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3] Reserves & Surplus |
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554.399 |
490.769 |
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4] (Accumulated Losses) |
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0.000 |
0.000 |
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NETWORTH |
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568.148 |
504.518 |
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LOAN FUNDS |
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1] Secured Loans |
|
591.294 |
501.179 |
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2] Unsecured Loans |
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0.000 |
0.071 |
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TOTAL BORROWING |
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591.294 |
501.250 |
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DEFERRED TAX LIABILITIES |
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34.736 |
13.200 |
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TOTAL |
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1194.178 |
1018.968 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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529.925 |
422.630 |
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Capital work-in-progress |
|
10.119 |
14.330 |
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INVESTMENT |
|
10.721 |
10.721 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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223.949 |
122.649 |
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Sundry Debtors |
|
332.252 |
397.723 |
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Cash & Bank Balances |
|
102.202 |
31.972 |
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Other Current Assets |
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0.000 |
0.000 |
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Loans & Advances |
|
145.253 |
181.222 |
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Total
Current Assets |
|
803.656 |
733.566 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
|
98.647 |
154.350 |
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Provisions |
|
61.596 |
7.929 |
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Total
Current Liabilities |
|
160.243 |
162.279 |
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Net Current Assets |
|
643.413 |
571.287 |
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MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
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TOTAL |
|
1194.178 |
1018.968 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
|
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Sales Turnover |
|
1232.600 |
947.400 |
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Total Income |
|
1232.600 |
947.400 |
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Profit/(Loss) Before Tax |
|
161.600 |
16.100 |
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Provision for Taxation |
|
62.500 |
6.200 |
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Profit/(Loss) After Tax |
|
99.100 |
9.900 |
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Earnings in Foreign Currency : |
|
814.900 |
599.100 |
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Total Imports |
|
115.600 |
111.300 |
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Expenditures : |
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Financial charges |
|
38.800 |
28.200 |
|
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Depreciation & Amortization |
|
58.100 |
65.200 |
|
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Other Expenditure |
|
974.100 |
837.900 |
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Total Expenditure |
|
1071.000 |
931.300 |
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KEY RATIOS
|
PARTICULARS |
|
|
31.03.2007 |
31.03.2006 |
|
PAT / Total Income |
(%) |
|
8.03 |
1.04 |
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Net Profit Margin (PBT/Sales) |
(%) |
|
13.11 |
1.69 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
|
12.11 |
1.39 |
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Return on Investment (ROI) (PBT/Networth) |
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|
0.28 |
0.03 |
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Debt Equity Ratio (Total Liability/Networth) |
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|
1.32 |
1.31 |
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Current Ratio (Current Asset/Current Liability) |
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|
5.01 |
4.52 |
LOCAL AGENCY
FURTHER INFORMATION
Subject is in trade terms with –
· Assab Steel
· GM, Ford,
· MICO, Bangalore, Karnataka
· NSTEOM (FORD), Chennai, Tamilnadu
The company's organisation includes :
v Cellular system of manufacturing
v Flexibility of batch and mass production
v Integration of appropriate technology with skilled workforce
v Experience in establishing customised product lines
v Reliable network of sub-suppliers
v Extensive experience with OEM's in Europe and USA
v High credit rating with banks
Form 8
Bankers Charges
Report as per Registry
|
Name of the company |
MAINI PRECISION
PRODUCTS PRIVATE LIMITED |
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Presented By |
MAINI PRECISION PRODUCTS
PRIVATE LIMITED |
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1) Date and description of instrument creating the change |
27.07.2004 General hypothecation Agreement |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 144.200
Millions Working Capital
Limit [CC – Stocks
14.500 Millions, PC 26.000 Millions, Export BD [FBE/FBD] 96.000 Millions, LC
5.500 Millions, BG 2.200 Millions] |
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3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Hypothecation of
all the present and future Stock of raw material, work in progress and
finished goods, plant and machinery and other movable like tools and
equipments, generators, furniture and fixtures, office equipments, computers
and vehicles etc. belonging to the company stored at Company’s premises at
No. 5A, Survey No. 270, Bommasandra Industrial Area and SB No. 165, III cross
Peenya Industrial Area I stage and Shed SB 59, II Cross, Peenya Industrial
Area, I stage, Bangalore |
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4) Gist of the terms and conditions and extent and operation of the
charge. |
Interest at the
following rates CC stocks – 1.25%
below IVRR presently @ 10% p.a. PC - 3.75% below IVRR for less than 90 days Export BD – 3.75%
below IVRR for less than 90 days Repayable on
demand |
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5) Name and Address and description of the person entitled to the
charge. |
ING Vysya Bank
Limited M. G. Road Branch, Bangalore 560001 [A Banking
company] |
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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 |
|
Name of the company |
MAINI PRECISION PRODUCTS
PRIVATE LIMITED |
|
Presented By |
ING Vysya Bank Limited M. G. Road Branch, Bangalore 560001 And MAINI PRECISION
PRODUCTS PRIVATE LIMITED |
|
1) Date and description of instrument creating the change |
21.05.2004 Agreement for hypothecation
of stock in trade, machinery, book debts and other movables. |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 15.000
Millions Term Loan |
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3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Charge on all
plant and machinery purchased on or after 01.04.2003 and Plant and Machinery
proposed to be purchased is by way of first charge. Second charge on all the stocks of raw materials, work in
process and finished goods etc. Book
Debts, receivables, etc. and all movable fixed assets of the company as on
31.03.2003 subject to First charge in favoru of Canara Bank |
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4) Gist of the terms and conditions and extent and operation of the
charge. |
Rate of Interest
7.5% per annum with periodical rests and/or at such rate/s and rests as may
be specified by the Bank from time to time.
Penal interest 1% per annum, Repayment as specified by the Bank |
|
5) Name and Address and description of the person entitled to the
charge. |
ING Vysya Bank
Limited M. G. Road Branch, Bangalore 560001 [A Banking
company] |
|
6) Date and brief description
of instrument modifying the charge |
NA |
|
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 |
|
This Form is for |
Creation of charge |
|
Charge identification
number of the charge to be modified |
NA |
|
Corporate
identity number of the company |
U27201KA1973PTC002307 |
|
Name of the
company |
MAINI PRECISION
PRODUCTS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
B – 165, 3rd
Cross, 1st stage, Peenya Industrial Estate, Bangalore 560058,
Karnataka, India |
|
Type of charge |
Immovable
Property Movable property Others |
|
Particular of
charge holder |
The Hong Kong and
Shanghai Banking Corporation Limited 7 M. G. Road,
Bangalore 560001, Karnataka, India |
|
Nature of
description of the instrument creating or modifying the charge |
Agreement for
hypothecation of present and future Plant and Machinery [fixed and movable]
and other movable assets |
|
Date of
instrument Creating the charge |
07.11.2007 |
|
Amount secured by
the charge |
Rs. 50.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
[a] Rate of
Interest interest shall be
payable by the Company on the Banking facilities as per Bank’s tariff,
subject however that the Bank shall have the right to change the rate of
interest after giving notice to the company. [b] Terms of repayment in consideration
of banking facilities sanctioned to be sanctioned by the bank to the company, the company has hypothecated and
charged to the bank by way of an exclusive charge as a continuing security,
the assets mentioned in the Deed of Hypothecation to secure the repayments of
the advance together with interest cost and all other charges [as per the
agreement] [c] Margin the Company shall
maintain such margin as may be specified by the bank from time to time. [d] Extent and
operation of the charge in case the
Company fails to fulfill its obligations under the Agreement, the bank shall
be entitled to take possession of the hypothecated properties and sell them
by public auction or private contract and utilize the proceeds in full or
part settlement of its claims [as per the agreement] |
|
Short particulars
of the property charged |
Exclusive charge
on all the company’s plant and machinery [Fixed and movable] [at B1-65, 3rd Cross, Peenya Industrial
Area, Bangalore], Machinery Spares, Tools and Accessories and other movables
as per schedule |
|
Date of latest
modification prior to the present modification |
NA |
|
Particulars of
the present modification |
NA |
Group
profile:
The year - 1973 - almost three decades ago - the State of
Karnataka saw the birth of the Maini Group. From its beginning, as a small
scale enterprise manufacturing high precision automotive components for a single
customer MICO-BOSCH, the Group has evolved into a highly diversified
manufacturing entity, and a major outsourcing partner for several multinational
corporations including Fortune 500 companies like General Motors.
The competitive edge which the products of the Group, ranging from automotive
components, machined castings and forgings, to battery operated in-plant
material handling equipment enjoy, is based on a paradigm that fuses Quality,
Technology, R&D and HR capabilities, working towards total customer
satisfaction.
The Maini Group's commitment to promoting and providing environment friendly
technologies has been the hallmark of the Group. This has resulted in
pioneering efforts of the Group in producing a product that is ahead of its
times. India's first Electric Car - REVA - integrates latest technologies in
the world and has been specially designed to cater to the Indian urban
conditions.
The vision of its Chairman, Mr. Sudarshan K Maini - an engineer turned
technocrat to produce products that match world class excellence both in
quality and technology has consistently been the underlying mission of the
Group. The best of technology has been taken from world over and integrated
into the Indian ethos and philosophy. Quality and reliability are not mere
tenets but the supreme religion to the Maini Group. And it is the translation
of this belief that has earned respectability and acceptance for the MAINI
brand in the world market.
The Group's motto "Karma Parma Dharma" - "Work is Worship"
- has transcended from a motto to a vibrant way of life, actualizing the Zero
philosophy that has been the governing inspiration - perfection beyond
definition - always constant, yet never static.
Group
Companies:
v Maini Materials
Movement Private Limited:
Maini Material Movements manufactures a wide range of in-plant Material
Handling Equipment and offers related services. A well equipped infrastructure
and an all India sales and service network has helped them to be recognized as a mainstay in the
Indian subcontinent market.
v Reva Electric Car
Company:
The Reva Electric Car Company, RECC, was incorporated in 1995 as a joint
venture between the Bangalore based Maini Group and AEVT Inc of Irvindale,
California, to manufacture environment-friendly, cost-effective electric
vehicles for city mobility.
v
Maini Granites Limited:
Maini Granites Limited (MGL) is a 100 % export oriented company founded
in 1992 produces high quality, high precision granite tiles.
v Bangalore
Commercial Corporation:
Represents and supplies customers world wide a vast range of products
including automotive and precision components, advanced in plant material
handling equipment.
Certifications:
Subject has received following certifications from several agencies:
1996: ISO 9002-1994 certification Vendor Quality improvements based on
ISO-9002 Quality Systems.
1998: QS 9000-1995 Certification.
1999: Achieved zero PPM rejections at GM, USA and continuing till date.
2002: Re-certified as ISO9001:2000
2003: ISO 14001 Certification.
2004: ISO / TS-16949 Certification.
Awards:
Winner of several Export Awards for Quality, Value etc. – year after
year for over 20 years.
ACMA AWARD FOR Exports
Year: 1999-2000
Year: 1998-1999
ACMA Award
for EXPORTS Excellence
Year: 1995 – 1996
EEPC EXPORT EXCELLENCE
Year: 1996 – 1997
Year: 1993 – 1994
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. 39.73 |
|
UK Pound |
1 |
Rs. 77.34 |
|
Euro |
1 |
Rs. 57.80 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
72 |
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 |
|