MIRA
INFORM REPORT
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Report Date : |
15.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL TRADE WELL PTE LTD |
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Registered Office : |
63 Robinson Road, #04-16 Afro Asia Building |
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Country : |
Singapore |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
11.04.1998 |
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Legal Form : |
Exempt Pte Ltd |
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Line of Business : |
Importers and Exporter of Textiles. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
GLOBAL TRADE WELL PTE LTD
Line Of Business
GENERAL IMPORTERS AND EXPORTERS, PURCHASING AGENTS, AND REPRESENTATIVES FOR ALL GENERAL MERCHANDISE.
Parent Company
-
Financial Elements
FY 2007
COMPANY
Sales : US$69,068,508
Networth : US$1,712,385
Paid-Up Capital : US$1,221,591
Net result : US$130,251
Net Margin(%) : 0.19
Return on Equity(%) : 7.61
Leverage Ratio : 6.46
BUSINESS INFORMATION
REPORT
COMPANY IDENTIFICATION
Subject Company : GLOBAL TRADE WELL PTE LTD
Business Address : 63 ROBINSON ROAD
#04-16 AFRO ASIA BUILDING
Town : SINGAPORE
Postcode : 068894
Country : Singapore
Telephone : 6226 7242
Fax : 6226 7275
ROC Number : 199801766M
Reg. Town:
SUMMARY
All amounts in this report are in:
USD
Legal Form: Exempt Pte Ltd
Date Inc.:
11/04/1998
Summary year : 31/03/2007
Sales: 69,068,508
Networth :
1,712,385
Capital:
Paid-Up Capital:
1,221,591
Employees:
Net result :
130,251
Share value:
AUDITOR: MGI N RAJAN ASSOCIATES
REFERENCES
CCMS Number : 702003227791
Report Date : 13/02/2008
Update Date : 13/02/2008
Credit Requested : -
Credit Opinion : -
Credit Rating :
2A 3
Litigation : No
Company status : TRADING
Started :
11/04/1998
PRINCIPAL(S)
KAMAL KISHORE S2693397H Managing Director
DIRECTOR(S)
VENKATARAMAIYER SIVARAMAKRISHNAN S0033476F Company
Secretary
Appointed on : 22/05/1998
Street :
666 YISHUN AVENUE 4
#05-109
Town:
SINGAPORE
Postcode: 76066
Country:
Singapore
KAMAL KISHORE S2693397H Director
Appointed on : 11/04/1998
Street : 12
AMBER GARDENS
#14-06
KING'S MANSION
Town: SINGAPORE
Postcode:
439959
Country:
Singapore
KAMAL KISHORE S2693397H Managing Director
Appointed on : 25/05/1998
Street :
12 AMBER GARDENS
#14-06
KING'S MANSION
Town:
SINGAPORE
Postcode:
439959
Country:
Singapore
SANTOSH DEVI SHARMA S2693398F
Director
Appointed on : 11/04/1998
Street : 12
AMBER GARDENS
#14-06
KING'S MANSION
Town:
SINGAPORE
Postcode:
439959
Country:
Singapore
ACTIVITY(IES)
IMPORTERS And EXPORTERS
Code:11760
EXTILE MERCHANTS
Code:21450
YARN - WHSLE And MFRS
Code:24260
BASED ON ACRA'S RECORD AS AT
05/02/2008
1) GENERAL WHOLESALE TRADE
(INCLUDING GENERAL IMPORTERS & EXPORTERS)
CHARGES
Date: 29/09/1999
Comments : CHARGE NO: 199904146
AMOUNT SECURED: 0.00 AND ALL MONIES OWING
CHARGEE(S): STANDARD CHARTERED BA
Date: 09/07/2007
Comments : CHARGE NO: C200705325, 5323, 5321, 5319
AMOUNT SECURED: 0.00 AND ALL MONIES OWING
CHARGEE(S): SING INVESTMENTS & FINANCE
LTD
Date: 13/08/2007
Comments : CHARGE NO: C200706526, C200706521
AMOUNT SECURED: 0.00 AND ALL MONIES OWING
CHARGEE(S): OVERSEA-CHINESE BANKING
CORPORATION LIMITED
PREMISES/PROPERTY INFORMATIO
No Premises/Property Information In Our Databases
BANKERS
INDIAN BANK
OVERSEA-CHINESE BANKING CORPORATION
LIMITED
SHAREHOLDERS(S)
KAMAL KISHORE 1,500,000
Private Person
Street : 12 AMBER GARDENS
#14-06
KING'S MANSION
Town: SINGAPORE
Postcode: 439959
Country: Singapore
SANTOSH DEVI SHARMA 500,000 Private Person
Street : 12 AMBER GARDENS
#14-06
KING'S MANSION
Town: SINGAPORE
Postcode: 439959
Country: Singapore
SUBSIDIARY(IES)
No Participation In Our Database
PAYMENT HISTORY AND EXPERIENCES
Trade Morality: AVERAGE
Liquidity : SUFFICIENT
Payments : REGULAR
Trend : UPWARD
Financial Situation: AVERAGE
FINANCIAL ELEMENTS
Audit Qualification:
UNQUALIFIED (CLEAN)
UNQUALIFIED (CLEAN)
Date Account Lodged: 19/10/2007
Balance Sheet Date: 31/03/2007 31/03/2006
Number of weeks: 52 52
Consolidation Code: COMPANY COMPANY
ASSETS
Receivables: 11,457,543 15,275,841
Cash,Banks, Securitis: 1,089,605 1,072,232
Other current assets: 222,614 25,790
Total Current Assets: 12,769,762 16,373,863
TOTAL ASSETS: 12,769,762 16,373,863
LIABILITIES
Equity capital: 1,221,591 909,091
Profit & lost
Account: 490,794 360,543
Total Equity: 1,712,385 1,269,634
Trade Creditors: 3,168,027 2,719,726
Prepay. & Def. charges: 41,511 149,195
Advanced payments: 19,120
Due to Bank: 7,464,714 12,040,582
Provisions: 27,118 25,007
Other Short term Liab.: 336,887 169,719
Total short term Liab.: 11,057,377 15,104,229
TOTAL LIABILITIES: 11,057,377 15,104,229
PROFIT & LOSS ACCOUNT
Net Sales 69,068,508 57,323,738
Purchases,Sces &
Other Goods: 67,421,188 55,979,953
Gross Profit: 1,647,320 1,343,785
Result of ordinary operations 1,155,625 969,457
NET RESULT BEFORE TAX: 143,898 98,886
Tax : 13,647 14,798
Net income/loss year: 130,251 84,088
Interest Paid: 1,011,727 870,571
Depreciation: 12,831
Directors Emoluments: 91,875 80,000
Wages and Salaries: 165,690 130,818
Financial Income: 31,696 27,623
RATIOS
31/03/2007 31/03/2006
Fin. Charges / Turnover(%): 0.01 0.02
Net Margin(%):
0.19 0.15
Return on Equity(%):
7.61 6.62
Return on Assets(%):
1.02 0.51
Net Working capital:
1712385.00 1269634.00
Cash Ratio:
0.10 0.07
Quick Ratio:
1.13 1.08
Current ratio:
1.15 1.08
Receivables Turnover:
59.72 95.93
Leverage Ratio:
6.46 11.90
Net Margin : (100*Net income loss year)/Net sales
Return on Equity : (100*Net income loss year)/Total equity
Return on Assets : (100*Net income loss year)/Total fixed assets
Net Working capital : (Total current assets/Total short term
liabilities)/1000
Cash Ratio : Cash Bank securities/Total short term liabilities
Quick Ratio : (Cash Bank securities+Receivables)/Total Short term
liabilities
Current ratio : Total current assets/Total short term liabilities
Receivables Turnover : (Receivable*360)/Net sales
Leverage Ratio : Total liabilities/(Total equity-Intangible assets)
FINANCIAL COMMENTS
THE FINANCIAL CONDITION OF THE COMPANY WAS SEEN TO BE FAIR IN
VIEW OF THE FOLLOWING:
NET WORTH:
THE BALANCE SHEET
WAS CONSIDERED PASSABLE WITH NET WORTH IMPROVED BY
34.87% FROM
US$1,269,634 IN FY 2006 TO US$1,712,385 IN FY 2007. THIS
WAS DUE TO HIGHER
ACCUMULATED PROFIT OF US$490,794 (2006: US
$360,543); A RISE
OF 36.12% FROM THE PRIOR FINANCIAL YEAR.
LEVERAGE:
IN THE SHORT-TERM,
SUBJECT WAS LARGELY FINANCED BY TRADE CREDITORS
WHICH MADE UP
67.50% (2006: 79.71%) OF THE TOTAL CURRENT LIABILITIES
AND AMOUNTED TO
US$7,464,714 (2006: US$12,040,582). THE BREAKDOWN
IS AS FOLLOWS:
-TRUST RECIEPTS-
2007: US$3,910,309 (2006: US$5,341,850)
-BILLS DISCOUNTED-
2007: US$3,554,405 (2006: US$6,698,732)
IN ALL, LEVERAGE RATIO FELL FROM 11.90 TO 6.46 TIMES AS A
RESULT OF A RISE IN TOTAL EQUITY AND A
FALL IN TOTAL LIABILITIES.
LIQUIDITY:
IN GENERAL,
SUBJECT'S LIQUIDITY SITUATION WAS PASSABLE AS SEEN FROM
THE RISE IN NET
WORKING CAPITAL AND LIQUIDITY RATIOS. CURRENT RATIO
ROSE TO 1.15 TIMES,
FROM 1.08 TIMES AND QUICK RATIO IMPROVED TO 1.13
TIMES FROM 1.08
TIMES IN FY 2006.
SIMILARLY, NET
WORKING CAPITAL IMPROVED BY 34.87% FROM US$1,269,634
IN FY 2006 TO
US$1,712,385.
PROFITABILITY:
REVENUE POSTED AN
INCREASE OF 20.48% FROM US$57,323,738 IN FY 2006 TO
US$69,068,508 NET
PROFIT ROSE BY 57.90% TO US$130,251 (2006:
US$84,088). HENCE,
NET MARGIN ROSE TO 0.19% (2006: 0.15%).
DEBT SERVICING:
DEBT SERVICING
PROBLEMS MIGHT NOT BE EXPECTED IF REVENUE AND EARNINGS
CAN BE MAINTAINED AND
PAYMENT BY TRADE DEBTORS ARE FORTHCOMING.
HOWEVER IT IS NOTED
THAT THE INTEREST COVERAGE RATIO IS LOW AT 1.14
TIMES (2006: 1.11
TIMES), WHICH NEED CAUTION.
NOTES TO THE
FINANCIAL STATEMENT:
CONTINGENT LIABILITIES:
-LETTER OF CREDITS- 2007: US$4,573,374 (2006l: US$6,706,210)
BACKGROUND/OPERATION
THE COMPANY WAS
INCORPORATED IN THE REPUBLIC OF SINGAPORE ON
11/04/1998 AS A
LIMITED EXEMPT PRIVATE COMPANY AND IS TRADING UNDER
THE PRESENT
NAMESTYLE OF "GLOBAL TRADE WELL PTE LTD".
THE COMPANY HAS AN
ISSUED AND PAID-UP CAPITAL OF
2,000,000 SHARES,
OF A VALUE OF S$2,000,000.
PRINCIPAL
ACTIVITIES:
SUBJECT IS
REGISTERED WITH THE ACCOUNTING AND CORPORATE REGULATORY
AUTHORITY (ACRA) TO
BE PRINCIPALLY ENGAGED IN THE BUSINESS OF:
1) GENERAL
WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS & EXPORTERS)
DURING THE
FINANCIAL YEAR (S) UNDER REVIEW, THE PRINCIPAL ACTIVITIES
OF THE COMPANY ARE
TO CARRY ON THE BUSINESS OF GENERAL IMPORTERS AND
EXPORTERS,
PURCHASING AGENTS, AND REPRESENTATIVES FOR ALL GENERAL
MERCHANDISE.
FROM THE RESEARCH
DONE, THE FOLLOWING INFORMATION WAS GATHERED:
ACTIVITIES
- TRADING COMPANY DEALING
IN TEXTILE RAW MATERIAL SUPPLIES
PRODUCTS
- POLYESTER CHIPS /
POLYESTER
- NYLON YARNS
- FIBERS
- SPUN YARNS
- TEXTILE MACHINES
AND PARTS
MARKET PRESENCE
- SOUTH EAST ASIA
SUBJECT IS A MEMBER
OF THE FOLLOWING ENTITY
- SINGAPORE BUSINESS FEDERATION
ACCORDING TO AN
EARLIER TELE-INTERVIEW CONDUCTED ON 30/07/07, THE
FOLLOWING
INFORMATION WAS GATHERED:
ACTIVITIES
- IMPORT AND EXPORT
OF TEXTILES
SUBJECT'S PERSONNEL
REVEALED THAT THE COMPANY DOES NOT ENGAGE IN THE
BUSINESS OF
WHOLSALING ITS PRODUCTS IN SINGAPORE.
EXPORT COUNTRIES
- INDIA, CHINA AND
THAILAND
NO OTHER TRADE
INFORMATION WAS MADE AVAILABLE VIA THE TELE-INTERVIEW.
REGISTERED AND BUSINESS
ADDRESS:
63 ROBINSON ROAD
#04-16
AFRO ASIA BUILDING
SINGAPORE 068894
DATE OF CHANGE OF
ADDRESS: 01/07/1998
- RENTED PREMISE
- OWNED BY:
AFRO-ASIA SHIPPING COMPANY (PRIVATE) LIMITED
WEBSITE:
NIL
EMAIL:
himcorp@pacific.net.sg
MANAGEMENT
THE DIRECTORS AT
THE TIME OF THIS REPORT ARE:
1) KAMAL KISHORE, A
SINGAPOREAN
- HOLDS NO OTHER
DIRECTORSHIPS AS RECORDED IN OUR DATABASE.
2) SANTOSH DEVI
SHARMA, A SINGAPORE PERMANENT RESIDENT
- HOLDS NO OTHER
DIRECTORSHIPS AS RECORDED IN OUR DATABASE.
Singapore’s Country
Rating 2007
Rating: A1
Investment Grade
IN SINGAPORE, THE POLITICAL SITUATION REMAINS STABLE.
SINGAPORE BOASTS THE BEST GOVERNANCE IN ASIA, WITH AN EFFECTIVE LEGAL SYSTEM FACILITATING DEBT COLLECTION AND TO A HIGH DEGREE OF FINANCIAL TRANSPARENCY.
EXTERNAL ACCOUNTS HAVE REMAINED SUBSTANTIALLY IN SURPLUS, CONTRIBUTED TO THE DYNAMISM OF THE ELECTRONICS AND PHARMACEUTICALS SECTORS AND TO REPATRIATION OF PROFITS FROM SINGAPORE INVESTMENTS. THE FINANCIAL AND TOURISM SECTORS HAVE ALSO CONTRIBUTED TO THE LARGE CURRENT ACCOUNT SURPLUS.
SINGAPORE CONTINUES TO KEENLY WELCOME FOREIGN INVESTMENT AND OFFERS A VERY OPEN
AND WELL-PLANNED ECONOMIC AND POLITICAL ENVIRONMENT. IT HAS BEEN IMPLEMENTING
AMBITIOUS DIVERSIFICATION STRATEGY, FOCUSED PARTICULARLY ON THE CHEMICALS AND
PHARMACEUTICAL SECTORS.
THE GOVERNMENT USES FOREIGN DIRECT INVESTMENT TO DEVELOP PRIORITY SECTORS (ELECTRONICS, CHEMICALS, BIOTECHNOLOGY). THE AIM IS TO ENCOURAGE THE GROWTH OF HIGH ADDED-VALUE ACTIVITIES AND TURN SINGAPORE INTO A REGIONAL HUB FOR FOREIGN INVESTORS INTERESTED IN ASIA.
CERTAIN SECTORS (MEDIA, LEGAL AND FINANCIAL SERVICES) ARE HOWEVER ONLY PARTIALLY OPEN TO FOREIGN INVESTMENT. THESE SECTORS ARE SLOWLY OPENING UP, BUT THE PROGRESS IS SLOW.
AFTER HIGH GROWTH IN 2006, BUOYED BY THE DYNAMISM OF BOTH EXPORTS AND HOUSEHOLD CONSUMPTION, A SLOWDOWN IS EXPECTED IN 2007.
ASSETS
MAJOR EXPORTER OF CAPITAL IN ASIA, NOTABLY VIA THE STATE-OWNED
TEMASEK HOLDING COMPANY.
HIGH QUALITY COMPETITIVENESS IN ASIA
EXCELLENT BUSINESS CLIMATE
POLITICAL STABILITY.
WEAKNESSES
SKILLED MANPOWER HAS BEEN LACKING IN THE SECTORS TARGETED FOR DEVELOPMENT.
AN AGEING POPULATION COULD, ULTIMATELY, AFFECT ECONOMIC PERFORMANCE.
GROWING INEQUALITY AND THE EMERGENCE OF LONG-TERM UNEMPLOYMENT AMONG THE LEAST SKILLED COULD GENERATE SOCIAL TENSIONS.
BEING THE WORLD’S MOST OPEN ECONOMY, IT HAS BEEN VULNERABLE TO WORLD ECONOMIC DOWNTURNS.
WHOLESALE AND RETAIL
TRADE SECTOR
PAST PERFORMANCE
THE WHOLESALE AND RETAIL TRADE SECTOR GREW BY 6.6% IN 3Q 2007, WEAKER THAN THE 8.4% GROWTH IN 2Q 2007. ALTHOUGH NON-OIL RE-EXPORTS STRENGTHENED IN THE QUARTER, RETAIL SALES RECORDED SLOWER GROWTH.
DOMESTIC WHOLESALE TRADE INDEX
THE OVERALL DOMESTIC WHOLESALE TRADE ROSE BY 4.6% IN 3Q 2007 OVER 3Q 2006.
EXCLUDING PETROLEUM, DOMESTIC SALES GREW BY 7.5%.
THE RISE IN THE OVERALL INDEX WAS MAINLY DUE TO HIGHER SALES OF FOOD, BEVERAGES AND TOBACCO (45.7%), TIMBER, PAINTS AND CONSTRUCTION MATERIALS (23.3%). OTHER WHOLESALE SEGMENTS THAT REPORTED BETTER BUSINESS WERE WHOLESALING OF INDUSTRIAL AND CONSTRUCTION MACHINERY (9.7%) TELECOMMUNICATIONS AND COMPUTERS (8.3%) AND CHEMICALS AND CHEMICAL PRODUCTS (6.8%).
ON THE OTHER HAND, WHOLESALE SEGMENTS THAT REPORTED LOWER SALES WERE ELECTRONIC COMPONENTS (-19.4%), HOUSEHOLD EQUIPMENT AND FURNITURE (-4.4%), SHIP CHANDLERS AND BUNKERING (-3.1%).
AT CONSTANT PRICES, THE OVERALL DOMESTIC WHOLESALE TRADE ROSE BY 4.9% IN 3Q 2007 OVER 3Q 2006. DOMESTIC SALES EXCLUDING PETROLEUM ROSE BY 9.1%.
ON A QUARTER-OVER-QUARTER BASIS, THE OVERALL DOMESTIC WHOLESALE TRADE IN 3Q 2007 ROSE BY 12.2% OVER 2Q 2007. EXCLUDING PETROLEUM, IT GREW BY 8.2%.
THE MAJORTIY OF THE WHOLESALE SECTORS RECORDED HIGHER DOMESTIC SALES IN 3Q 2007 OVER PREVIOUS QUARTER. SHIP CHANDLERS AND BUNKERING EXPANDED BY 27.9%, MAINLY DUE TO HIGHER BUNKER SALES.
THE GENERAL WHOLESALE TRADE SECTOR FELL IN 3Q 2007 AFTER RECORDING STRONG GROWTH IN 2Q 2007.
FOREIGN WHOLESALE
TRADE INDEX
THE OVERALL FOREIGN WHOLESALE TRADE FOR 3Q 2007 ROSE BY 4.3%, IN COMPARISON TO 3Q 2006. EXCLUDING PETROLEUM, IT EXPANDED BY 9.0%
MOST OF THE SECTORS REPORTED HIGHER SALES. DOUBLE-DIGIT GROWTH RATES FOR OVERSEAS SALES WERE RECORDED BY FOOD, BEVERAGES AND TOBACCO (51.2%) AND TIMBER, PAINT AND CONSTRUCTION MATERIALS (15.5%). OTHER WHOLESALE SECTORS THAT REGISTERED BETTER BUSINESS IN 3Q 2007 WERE CHEMICALS AND CHEMICAL PRODUCTS (7.6%) AND TELECOMMUNICATIONS AND COMPUTERS (5.0%)
FOREIGN SALES OF SHIP CHANDLERS AND BUNKERING, GENERAL WHOLESALE TRADE, INDUSTRIAL AND CONSTRUCTION MACHINERY AND ELECTRONIC COMPONENTS REGISTERED INCREASES OF 2.6% TO 6.1 %IN 3Q 2007, IN CONTRAST TO THE LOWER SALES IN THE PREVIOUS QUARTER.
AT CONSTANT PRICES, THE OVERALL INDEX ROSE BY 8.0% IN 3Q 2007 OVER 3Q 2006.
EXCLUDING PETROLEUM, FOREIGN WHOLESALE TRADE GREW BY 12.0%.
ON A QUARTER-OVER-QUARTER BASIS, THE OVERALL FOREIGN WHOLESALE TRADE IN 3Q 2007 ROSE BY 4.9% OVER 2Q 2007. EXCLUDING PETROLEUM, IT GREW BY 8.2%.
ALL WHOLESALE SECTORS RECORDED BETTER BUSINESS IN 3Q 2007 WITH THE EXCEPTION OF CHEMICALS AND CHEMICAL PRODUCTS. WHOLESALE TRADE OF FOOD, BEVERAGES AND TOBACCO, AND SHIP CHANDLERS AND BUNKERING BOTH GREW BY 17.1%. WHOLESALE OF ELECTRONIC COMPONENTS ROSE BY 12.5%.
RETAIL TRADE
THE OVERALL RETAIL SALES ROSE BY 1.3%, WEAKER THAN THE 7.9% IN 2Q 2007. MOTOR VEHICLES FELL BY 6.8% COMPARED TO THE 2.4% GROWTH IN 2Q 2007. EXCLUDING MOTOR VEHICLES, RETAIL SALES ROSE BY 5.7%, A DECLINE FROM THE 11.O% IN 2Q 2007.
OUTLOOK
GENERALLY, WHOLESALERS ARE POSITIVE ABOUT THEIR BUSINESS PROSPECTS IN THE COMING MONTHS, WITH A NET WEIGHTED BALANCE OF 24% OF FIRMS EXPRESSING POSITIVE BUSINESS SENTIMENTS. THIS APPLIES PARTICULARLY TO FIRMS IN THE WHOLESALING OF FOOD AND BEVERAGES, WEARING APPAREL AND FOOTWEAR, COSMETICS AND TOILETRIES, AND HOUSEHOLD AND ELECTRICAL APPLIANCES.
AS A RESULT OF YEAR-END FESTIVE SHOPPING, A NET WEIGHTED BALANCE OF 31% OF RETAILERS EXPECTS BUSINESS TO IMPROVE IN THE COMING MONTHS. THE RETAIL SECTORS THAT ARE FORECASTING BETTER BUSINESS INCLUDING DEPARTMENT STORE AND SUPERMARKET OWNERS, WEARING APPAREL AND FOOTWEAR, FURNITURE AND FURNISHINGS, AND JEWELLERY AND WATCHES.
EXTRACTED FROM: MINISTRY OF TRADE AND INDUSTRY
SINGAPORE DEPARTMENT OF STATISTICS
RATING
EXPLANATIONS
|
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 |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)