MIRA
INFORM REPORT
|
Report Date : |
28.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
A G GRANITES
PRIVATE LIMITED |
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Registered
Office : |
S F No. 314,
Muthu Gounder Colony, Dharmapuri District, Harur – 636 903, Tamilnadu (Shifted
to Coimbatore) |
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Country : |
India |
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Financials (as
on) : |
31.03.2007 |
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Date of
Incorporation : |
04.08.1998 |
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Com. Reg. No.: |
18-10232 |
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CIN No.: |
U1402TZ1998PTC010232 |
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TAN No.: (Tax
Deduction & Collection Account No.) |
CHEA10474C |
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PAN No.: (Permanent
Account No.) |
AABCA8182H |
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Legal Form : |
Private Limited
Liability Company |
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Line of
Business : |
Manufacturer and Exporter
of Granites cuts and polished, Monument Blocks. |
RATING &
COMMENTS
|
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 580000 |
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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 satisfactory track. Directors are reported as
experienced, respectable and having satisfactory track records. Trade
relations are fair. Nothing adverse reported. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
|
Registered
Office : |
S F No. 314,
Muthu Gounder Colony, Dharmapuri District, Harur – 636 903, Tamilnadu, India
(Shifted to Coimbatore) |
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Tel. No.: |
91-4346-222555 / 222266 |
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Fax No.: |
91-4346-222666 |
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E-Mail : |
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Website : |
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Area : |
Leased |
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Mines : |
Dharampuri
District, Near Salem, Hosur, Tamilnadu |
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Corporate
Office : |
Flat 2-AB 4th Block, Kences
Enclave , 1 - Ramakrishna Street, T. Nagar Chennai – 600017, Tamilnadu, India. |
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Tel. No.: |
91 - 44 - 2814 2333 / 2814 0999 |
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Fax No.: |
91 - 44 - 2814 0896 |
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Email: |
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Area : |
Rented |
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Factory
(Harur) |
M G Colony, Harur 636 903. Tamilnadu, India. |
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Tel. No.: |
91 - 4346 - 223999 / 222555 / 222266 |
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Fax No.: |
91 - 4346 222666 |
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Email: |
DIRECTORS
|
Name : |
Mr. Muthugounder Ramasamy |
|
Designation : |
Managing Director |
|
Address : |
M. G. Colony,
Dharmapuri District, Harur – 636
903, Tamilnadu |
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Date of Birth
: |
04.11.1956 |
|
Date of
Appointment : |
04.08.1998 |
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|
|
|
Name : |
Mrs. Shanti Ramasamy |
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Designation : |
Director |
|
Address : |
M. G. Colony, Dharmapuri
District, Harur – 636 903, Tamilnadu |
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Date of Birth
: |
19.01.1964 |
|
Date of
Appointment : |
04.08.1998 |
KEY EXECUTIVES
|
Name : |
Mr. T Murugan |
|
Designation : |
Company Secretary |
|
Address : |
22-E, Sri Subah Colony, Munusamy Road, K K Nagar, Chennai – 600078 |
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Tel No. : |
91-44-2484775 |
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Fax No. : |
91-9381035900 |
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E Mail : |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Mr. M. Ramasamy |
|
300000 |
|
Mrs. Shanti
Ramasamy |
|
200000 |
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TOTAL |
|
500000 |
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|
|
|
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
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Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Exporter of Granites cuts and polished, Monument Blocks. |
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Exports : |
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Countries : |
Japan, China, Netherlands, Austria,
Poland, Spain and France |
GENERAL
INFORMATION
|
Suppliers : |
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|
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Bankers : |
State Bank of India, Overseas Branch, Chennai – 600 001, Tamilnadu |
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Facilities : |
Subject enjoys
cash credit facility of Rs. 134.400 millions from its bankers as on 5th
November, 2003 by way of different term loans and facilities such as Bank
Guarantee, Letter of Credit, Medium term Loan and E P Credit etc. |
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|
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Banking
Relations : |
Satisfactory |
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|
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Auditors : |
|
|
Name : |
K. E. Sridharan and Company Chartered
Accountant |
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Address : |
No. 10, GA Jains
Ansvara Apartments, Ramanujam Street, T. Nagar, Chennai – 600 010, Tamilnadu,
India |
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|
|
|
Associates : |
Ř Amman Granites, S F No. 314, Muthu Gounder
Colony, Dharmapuri District, Harur – 636 903, Tamilnadu, India -- Miners and manufacturers of different natural products from the
earth. |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000,000 |
Equity Shares |
Rs.10/- Each |
Rs. 50.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500,000 |
Equity Shares |
Rs.10/- Each |
Rs. 5.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves &
Surplus |
140.189 |
123.703 |
96.332 |
|
|
4] (Accumulated
Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
145.189 |
128.703 |
101.332 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
122.642 |
123.303 |
106.240 |
|
|
2] Unsecured
Loans |
0.000 |
0.000 |
0.000 |
|
TOTAL
BORROWING
|
122.642 |
123.303 |
106.240 |
|
|
DEFERRED TAX
LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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TOTAL
|
267.831 |
252.006 |
207.572 |
|
|
|
|
|
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APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block]
|
59.592 |
59.252 |
51.594 |
|
Capital work-in-progress
|
8.285 |
4.406 |
3.088 |
|
|
|
|
|
|
|
INVESTMENT
|
0.000 |
0.000 |
0.000 |
|
DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
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Inventories
|
104.697
|
93.838 |
75.045 |
|
|
Sundry Debtors
|
54.006
|
73.981 |
55.668 |
|
|
Cash & Bank Balances
|
14.089
|
12.972 |
5.969 |
|
|
Other Current Assets
|
0.000
|
8.976 |
5.087 |
|
|
Loans & Advances
|
42.818
|
21.678 |
30.336 |
Total Current Assets
|
215.610
|
211.445 |
172.105 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
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Current Liabilities
|
15.598
|
23.037 |
19.215 |
|
|
Provisions
|
0.058
|
0.060 |
0.000 |
Total Current Liabilities
|
15.656
|
23.097 |
19.215 |
|
Net
Current Assets
|
199.954
|
188.348 |
152.890 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
267.831 |
252.006 |
207.572 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
232.803 |
214.910 |
190.653 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
20.198 |
28.871 |
28.998 |
|
Provision for Taxation |
1.239 |
0.000 |
0.000 |
|
Profit/(Loss) After Tax |
18.959 |
28.871 |
28.998 |
|
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|
|
|
|
|
|
|
|
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Earnings in Foreign Currency : |
NA |
206.346 |
189.072 |
|
|
|
|
|
|
Total Expenditure |
212.605 |
186.039 |
161.655 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
8.14
|
13.43 |
15.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.68
|
13.43 |
15.21 |
|
|
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|
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.34
|
10.49 |
12.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.22 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.95
|
1.14 |
1.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.77
|
9.15 |
8.96 |
LOCAL AGENCY
FURTHER INFORMATION
HISTORY
Subject was originally incorporated on 4th August, 1998 at
Dharmapuri District in Tamilnadu having Company Registration Number 40923. The company
transferred its Registered Office from Tamilnadu to Coimbatore w.e.f. 26th
August, 2002 and a New Company Registration Number is 10232 of Coimbatore ROC
was obtained
Its product range is as under :-
Ř
Semi Polished Granites
Ř
Polished Granites
Ř
Raw Granite Slabs
Ř
Marbles
Ř
Gypsum
Ř
Graphite
Ř
Soap—stone
Ř
Dolmite
Ř
Barite
Ř
Silica
Ř
Felspar
Ř
Other Natural Products from the earth
It exports stones and other natural products.
It imports machinery.
|
Name of the company |
AG Granites
Private Limited |
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Presented By |
State Bank of
India, Overseas Branch, Chennai |
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1) Date and description of instrument creating the change |
Dated 12-10-1999 1. Agreement of Loan for Overall limit in firm C-I 2. Agreement of Hypothecation of Goods and Assets in Form C-2 3. Letter Regarding the grant of Individual Limit within the Overall
Limit in Form C-5 All dated 12/10/1999 both relate to one and the same charge. |
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2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 88.000 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 |
Terms Loan of Rs. 48.000 millions Security Primary : First charge by way of mortgage/hypothecation on be acquired by the
company, estimated at Rs. 65.000 millions Export Packing credit limit of Rs. 20.000 millions Security : Primary: Stocks of Raw Materials, spares, stores, finished goods, etc.
|
||||||||||||||||||||||
|
Gist of the terms and conditions and extent and operation of the
charge. |
Term Loan Of Rs. 48.000 Millions Interest : 2% above SBMTLR with a minimum of 14.28 % pa inclusive of
interest tax Margin : 32% on the project cost Period of loan, moratorium : The term loan of Rs. 16.000 millions is to be repaid @ rs. 1.000 millions per
quarter for 16 quarter, commencing from the end of March 2000. Export Packing Credit Limit Of Rs. 5.000 millions Interest: As applicable to export packing credit from time to tiomne
10% fro the time being Margin : 25 % stocks of granites rough blocks no drawing against
receivables. Period of sanction: 12 months Foreign documentary bill limit of Rs. 5.000 millions Interest : Up to 90 days 10% Form 91 days to 180 days 12 % Beyond 180 days 20 % up to 999 days. Margin : Nil Period of Sanction: 12 months |
||||||||||||||||||||||
|
Name and Address and description of the person entitled to the charge.
|
State Bank of India, Overseas Branch, Chennai-600001 |
||||||||||||||||||||||
|
Date and brief description of
instrument modifying the charge |
Dated : 4/10/2002 Supplemental Agreement of Loan for increase in the overall limit in
form C-IA Supplemental Agreement of Hypothecation of Good and Assets for
Increase in the overall limit in form C2-A Supplemental Agreement of Pleadge of goods and assets for increase in the overall limit in form C3-A. Supplemental Deed of Gurantee for for increase in overall limit in
Form C5 Letter Regarding the Grant of Individual Limits with in the overall
limit in Form C5 All dated 4/10/2002 and related to one and the same charge. |
||||||||||||||||||||||
|
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. |
The credit facility extended to the company has now been enhanced from
Rs. 101.500 millions to Rs. 104.300 millions comparing of :
Security : Hypothecation of entire current assets including stocks Emersion of charges over movable fixed assets including assts proposed
in the corporate loan. Earlier security given by the company shall continued to cover the
enhanced limit of Rs. 104.300 millions. Rate of Interest and other terms and conditions as stipulated by the
Bank from time to time Margin : Raw materials, stocks in process, Finished Goods, Letter of Credit,
Gurantee: 25% Land and Building/ Plant and machinery: 33% All over terms and conditions remains same. |
||||||||||||||||||||||
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|
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1) Date and description of instrument creating the change |
Dated 12-10-1999 1. Agreement of Loan for Overall limit in firm C-I 2. Agreement of Hypothecation of Goods and Assets in Form C-2 3. Agreement of plege of goods and assets in form C-3 4. Letter Regarding the grant of Individual Limit within the Overall
Limit in Form C-5 |
||||||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 88.000 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 |
Terms Loan of Rs. 48.000 millions Security Primary : First charge by way of mortgage/hypothecation on be acquired by the
company, estimated at Rs. 65.000 millions Export Packing credit limit of Rs. 20.000 millions Security : Primary: Stocks of Raw Materials, spares, stores, finished goods, etc.
|
||||||||||||||||||||||
|
Gist of the terms and conditions and extent and operation of the
charge. |
Term Loan Of Rs. 48.000 Millions Interest : 2% above SBMTLR with a minimum of 14.28 % pa inclusive of
interest tax Margin : 32% on the project cost Period of loan, moratorium : The term loan of Rs. 16.000 millions is to be repaid @ rs. 1.000 millions per
quarter for 16 quarter, commencing from the end of March 2000. Export Packing Credit Limit Of Rs. 5.000 millions Interest: As applicable to export packing credit from time to tiomne
10% fro the time being Margin : 25 % stocks of granites rough blocks no drawing against
receivables. Period of sanction: 12 months Foreign documentary bill limit of Rs. 5.000 millions Interest : Up to 90 days 10% Form 91 days to 180 days 12 % Beyond 180 days 20 % up to 999 days. Margin : Nil Period of Sanction: 12 months |
||||||||||||||||||||||
|
Name and Address and description of the person entitled to the charge.
|
State Bank of India, Overseas Branch, Chennai-600001 |
||||||||||||||||||||||
|
Date and brief description of
instrument modifying the charge |
Dated : 31/10/2003 Supplemental Agreement of Loan for increase in the overall limit in
form C-IA Supplemental Agreement of Hypothecation of Good and Assets for
Increase in the overall limit in form C2-A Supplemental Agreement of Pleadge of goods and assets for increase in the overall limit in form C3-A. Supplemental Deed of Gurantee for for increase in overall limit in
Form C5 Letter Regarding the Grant of Individual Limits with in the overall
limit in Form C5 All dated 31/10/2003 and related to one and the same charge. |
||||||||||||||||||||||
|
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. |
The credit facility extended to the company has now been enhanced from
Rs. 134.400 millions comparing of :
Security : Hypothecation of stocks at queries, at factory, in transit and
at shipyard and other current assets of the company. Hypothecation of title to goods which includes merchandise in the bill
negotiated/drawn under L/C Hypothecation of assets to be purchased under term loan and
merchandise cover under LC Counter guarantee of the company Charge over the fixed assets of the company. All over terms and conditions as per agreement and securities given
shall continued to cover the exchanged the limit of Rs. 134.400 millions |
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|
|
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
1) Date and description of instrument creating the change |
Dated 12-10-1999 1. Agreement of Loan for Overall limit in firm C-I 2. Agreement of Hypothecation of Goods and Assets in Form C-2 3. Agreement of plege of goods and assets in form C-3 4. Letter Regarding the grant of Individual Limit within the Overall
Limit in Form C-5 All dated 12/10/1999 both related to one and the same charge. |
||||||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 88.000 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 |
Terms Loan of Rs. 48.000 millions Security Primary : First charge by way of mortgage/hypothecation on be acquired by the
company, estimated at Rs. 65.000 millions Export Packing credit limit of Rs. 20.000 millions Security : Primary: Stocks of Raw Materials, spares, stores, finished goods, etc.
|
||||||||||||||||||||||
|
Gist of the terms and conditions and extent and operation of the
charge. |
Term Loan Of Rs. 48.000 Millions Interest : 2% above SBMTLR with a minimum of 14.28 % pa inclusive of
interest tax Margin : 32% on the project cost Period of loan, moratorium : The term loan of Rs. 16.000 millions is to be repaid @ rs. 1.000 millions per
quarter for 16 quarter, commencing from the end of March 2000. Export Packing Credit Limit Of Rs. 5.000 millions Interest: As applicable to export packing credit from time to tiomne
10% fro the time being Margin : 25 % stocks of granites rough blocks no drawing against
receivables. Period of sanction: 12 months Foreign documentary bill limit of Rs. 5.000 millions Interest : Up to 90 days 10% Form 91 days to 180 days 12 % Beyond 180 days 20 % up to 999 days. Margin : Nil Period of Sanction: 12 months |
||||||||||||||||||||||
|
Name and Address and description of the person entitled to the charge.
|
State Bank of India, Overseas Branch, Chennai-600001 |
||||||||||||||||||||||
|
Date and brief description of
instrument modifying the charge |
NIL |
||||||||||||||||||||||
|
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. |
NIL |
AS PER WEBSITE
AMMAN GRANITES a name which profoundly
stands for the monument experts in India, came into existence since 20 years as
a 100% Export Oriented Organization. Amman Granites is one of the largest
producers of granite monuments in the country and has clients from all around
the globe looking upto it for their exact needs. To cater the ever increasing
demand of the global needs, the company has expanded its capacity by opening an
additional unit in the name of AG GRANITES PRIVATE LIMITED since the year 2000.
Today AMMAN GRANITES is regarded as the No.
1 monument specialist in the global monument market. In the uncompromising
expectations of its beloved customers or constantly fulfilled in each and every
aspect. The management's strong will coupled with a constant endeavor to
produce nothing but the best has made it possible.
LOCATION :
The company is situated in a
strategic and pleasant hilly area - HARUR in the southern part of India , about 300 kms from Chennai and 180 kms from Bangalore . The area is surrounded by
villages which supply the required labour force for the company. The factory is
linked to the Chennai port by a well laid metal road for carrying containers of
finished products for shipment. The easy access of the company both from Chennai
and Bangalore and its pleasant environment are of great comfort to the visiting
foreign buyers who intend visiting the factory premises directly.
PRODUCTS:
In order to meet the demand of different customers in different
parts of the world, the company maintains both
own and tie-up quarries of different variety of stones. The range of colours,
include INDIAN BLACK, VIZAG BLUE, PARADISO, HIMALAYAN BLUE, WHITE GALAXY,
GREEN, RED etc.
AMMAN GRANITES is a major producer
of rough dimensional blocks in BLACK, PARADISO, PREMIUM KUNNAN material and
REGULAR BLACK. Three dimensional blocks are exported to JAPAN, CHINA,
NETHERLANDS, AUSTRIA, POLAND, SPAIN and FRANCE.
Perfection in quality has been the
company's prime motto ever since production was started. The strict
control of quality standard is adhered at every stage of production. The one
reason why the monuments are sought out globally is due to their captivating
designs – a mixture of exquisite workmanship and sentimental
expressions. The research and development wing, which is a part of the
production, takes into
account, besides quality, the sentimental value also.
AWARD
- Special
awards from Capexil for uncompromising standards of excellence
continuously since 1999 till 2002.
- Certificates
of merit
- Best Export
Performance Award
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.39.40 |
|
UK Pound |
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.58.14 |
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 |
|