MIRA
INFORM REPORT
|
Report Date : |
25.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
DYNAMIC TECHNO MEDICALS PRIVATE LIMITED |
|
|
|
|
Formerly Known As : |
DYNAMIC ORTHOPAEDICS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Build No. V/761, BN A D Road, Kodikuthimala, Ashokpuram, Aluva, Ernakulam – 683 101, Kerala |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
24.02.1988 |
|
|
|
|
Com. Reg. No.: |
004982 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U33115KL1988PTC004982 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHND00627E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACD8262E |
|
|
|
|
Legal Form : |
Private limited liability company. |
|
|
|
|
Line of Business : |
Manufacturing of Orthopaedic Appliances like Crape Bandages, Tabular Elastic Bandages, etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 140108 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having satisfactory
track. Directors are reported as experienced and respectable businessmen.
Trade relations are fair. Business is active. Payments are reported as
usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office/ Factory : |
Build No. V/761, BN A D Road, Kodikuthimala, Ashokpuram, Aluva, Ernakulam – 683 101, Kerala |
|
Tel. No.: |
91-484-2637788 /2637970 /2637792 /2624970 |
|
Fax No.: |
91-484-2637688 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Post Box. No. 45, Asokapuram, Aluva – 683 101, Kerala |
|
Tel. No.: |
91-484-2367788/2637970/2637792 |
|
Fax No.: |
91-484-2637688 |
|
|
|
|
Branches Located At: |
· Artificial Limb Center Progaiit Artificial Limb & Rehabilitation Centre Desam, Aluva – 682 017, Kerala Tel. 91-484-2606093/2606096 ·
Progaiit Podiarty
Center Desam, Aluva – 682 017, Kerala Tel. 91-484-2606093/2606096 ·
Sulur Division Rayarthottam, Kannampalaya, Sulur, Coimbatore – 641 402 Tel. 91-422-2688354/2688363 E-mail. orthoban@md4.vsnl.net.in |
DIRECTORS
|
Name : |
Mr. P. Vasudevan |
|
Designation : |
Managing Director |
|
Address : |
Pootheri House, Ashokapuram, Aluva, Ernakulam – 683 101, Kerala |
|
Date of Birth/Age : |
18.09.1948 |
|
Date of Appointment : |
24.02.1988 |
|
|
|
|
Name : |
Mrs. Nandini Vasudevan |
|
Designation : |
Director |
|
Address : |
Pootheri House, Ashokapuram, Aluva, Ernakulam – 683 101, Kerala |
|
Date of Birth/Age : |
13.05.1958 |
|
Date of Appointment : |
24.02.1988 |
|
|
|
|
Name : |
Ms. Vandana Vasudevan |
|
Designation : |
Director |
|
Address : |
Pootheri House, Ashokapuram, Aluva, Ernakulam – 683 101, Kerala |
|
Date of Birth/Age : |
02.03.1979 |
|
|
|
|
Name : |
Ms. Archana Vasudevan |
|
Designation : |
Director |
|
Address : |
Krishnalayam, Ddesom, Aluva – 683103, Kerala |
|
Date of Birth/Age : |
14.10.1983 |
|
Date of Appointment : |
15.10.2003 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Mr. P. Vasudevan |
27515 |
|
Mrs. Nandini Vasudevan |
11585 |
|
Ms. Vandana Vasudevan |
35450 |
|
Ms. Archana Vasudevan |
5450 |
|
Sr. No. |
Category |
Percentage |
|
1. |
Directors or Relatives of Directors |
100 % |
|
|
Total |
100 % |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Orthopaedic Appliances like Crape Bandages, Tabular Elastic Bandages, etc. |
|
|
|
|
Products : |
· DYNA Orthopaedic Appliances · REHAID Rehabilitaion Aids · Surgical Dressings · Bioceramic Implants · Silicare Silicon Orthopaedic Foot · Ostoterm Functional Braces and Precuts · Diabetic Prophylactic Footwear |
|
|
|
|
Brand Names : |
|
GENERAL
INFORMATION
|
No. of Employees : |
60 |
|
|
|
|
Bankers : |
· State Bank of Travancore, Aluva Branch, Kerala · HDFC Bank · Indian Overseas Bank |
|
|
|
|
Facilities : |
--- |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Balan And Company Chartered Accountants |
|
Address : |
Bank Road, Aluva, Kerala |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- Each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- 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 |
30.027 |
24.607 |
22.385 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
35.027 |
29.607 |
27.385 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
53.957 |
46.210 |
45.892 |
|
|
2] Unsecured Loans |
31.658 |
24.734 |
22.292 |
|
|
TOTAL BORROWING |
85.615 |
70.944 |
68.184 |
|
|
DEFERRED TAX LIABILITIES |
1.177 |
1.030 |
0.887 |
|
|
|
|
|
|
|
|
TOTAL |
121.819 |
101.581 |
96.456 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
53.460 |
48.927 |
35.568 |
|
|
Capital work-in-progress |
12.421 |
0.038 |
8.654 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.021 |
0.020 |
0.020 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
24.350 |
30.222 |
36.595 |
|
|
Sundry Debtors |
45.728 |
31.306 |
24.457 |
|
|
Cash & Bank Balances |
15.459 |
11.252 |
12.319 |
|
|
Other Current Assets |
2.311 |
1.642 |
2.127 |
|
|
Loans & Advances |
5.828 |
4.225 |
4.298 |
|
Total
Current Assets |
93.676 |
78.647 |
79.796 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
34.022 |
21.642 |
22.524 |
|
|
Provisions |
3.737 |
4.409 |
5.058 |
|
Total
Current Liabilities |
37.759 |
26.051 |
27.582 |
|
|
Net Current Assets |
55.917 |
52.596 |
52.214 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
121.819 |
101.581 |
96.456 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
237.243 |
191.311 |
148.380 |
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
Total Income |
237.243 |
191.311 |
148.380 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
10.082 |
7.873 |
8.984 |
|
|
Provision for Taxation |
4.077 |
3.941 |
2.525 |
|
|
Profit/(Loss) After Tax |
6.005 |
3.932 |
6.459 |
|
|
|
|
|
|
|
|
Imports Value |
4.507 |
4.586 |
3.681 |
|
|
|
|
|
|
|
|
Export Value |
35.355 |
30.805 |
23.407 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Depreciation |
6.861 |
5.501 |
4.033 |
|
|
Other Expenditure |
220.300 |
177.937 |
135.363 |
|
Total Expenditure |
227.161 |
183.438 |
139.396 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
2.53
|
2.05 |
4.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.24
|
4.11 |
6.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.85 |
6.17 |
7.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.26 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.52
|
3.27 |
3.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.48
|
3.01 |
2.89 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8
|
Corporate
identity number (CIN) Foreign company registration number |
U33115KL1988PTC004982 |
|
Name of the
Company |
DYNAMIC TECHNO MEDICALS PRIVATE LIMITED |
|
Address |
V/761, B, Alwage Nad Road, Ashokpuram, Aluva, Ernakulam – 683 101, Kerala, India |
|
This form is for |
Creation of
Charge |
|
Type of Charge |
Immovable
Property Movable Property |
|
Particulars of
the charge holder |
State Bank of
Travancore Catholic Centre,
Railway Station Road, Aluva – 683101, Kerala Email ID :
dgmekh@sbt.co.in |
|
Nature or
description of the instrument creating or modifying the charge |
I] Memorandum of
extension of equitable mortgage – 2 nos. II) Memorandum of
deposit of title deeds – 1 no. III)
Hypothecation agreement for term loan. |
|
Amount secured by
the charge |
Rs.6.200 Millions |
|
Date of the
instrument creating or modifying the charge |
07.09.2007 |
|
Brief of the
principal terms and conditions |
i)
Rate of interest
: 1 % above SBTPLR – Minimum 14 % per annum, with monthly rests. ii)
Terms of
Repayment : to be repaid within 60 months, in 53 monthly installments of Rs.
0.115 Million and a final installment of Rs. 0.105 Million with a start up
period of 6 months iii)
Margin :
30.22 % ie Rs.2.665 Millions iv)
Extent and
operation of the charge : 1] Equitable mortgage / extension of equitable
mortgage of the landed properties of the company 2] First charge by way of hypothecation of plant and machinery
lying / installed at the companys factories at Kodikuthimala, Asokapuram and
Sulur |
|
Short particular
of the property charged |
I] 69 cents of
land in Sy no. 137/2C in Kannampalayam Village, Palladam – Taluk, Sulur – Sub
– District, Tirupur District, II] 39.63 Ares (97.924
Cents) of land and with factory building in Sy. No. 580 / 1B / 2 B BL- 36 (Re.Sy. No. 20 / 1) in Aluva east
village, Aluva Taluk, Aluva Sub District, Ernakulam District. III]
Hypothecation of plant and machineries lying / installed at Aluva (Kodikuthimala
and Asokapuram) and Sulur factories. |
HISTORY
Subject was incorporated on 24th February, 1988 at Ernakumal Aluva in Kerala having Company Registration Number 4982.
Since 1980, the company had been manufacturing orthopaedic appliances, assimilating knowledge, harvesting talent and expanding the boundaries by permanently identifying new fields of activities to bring comfort and care to the afflicted. Headquartered at Aluva, in Kerala, India, we are India’s largest manufacturers of orthotics and prosthetic aids.
As a company willing, and prepared to look beyond the obvious, we have
demonstrated leadership through a number of well-defined initiatives.
The first company in India to standardize orthopaedic products and market it
under their brand name Dyna. In doing
they were instrumental in redefining the traditional ways of the nascent Indian
orthotics and prosthetic industry, and bringing it on par with global
standards. We were also the first in India to offer indigenously manufactured
bandages of different ranges (tubular and compression bandages) matching to the
BP standards.
One of core competencies has been their
ability to offer low-cost solutions to world-class products. If this
approach was mandated by the Indian context, it was also dictated by belief
that we had a social responsibility to offer ‘quality’ that must be affordable.
Towards this end we adopted a need based approach within the Indian context,
and put together a formidable team of committed professionals. This has left
them with a long heritage of innovation and achievement.
Today, much of this innovative spirit pervades their R&D department whose focus has been to create new business
opportunities while helping current businesses meet continually changing needs.
The department’s fundamental strength has been its ability to recognize
synergistic opportunities across core business areas.
With over 250 new, and improved versions of its products, we serve the needs of
people in 27 countries on 4 continents today.
It is an artificial limb and rehabilitation centre, currently caters to almost
every facet of the industry, offering a comprehensive range of orthopaedic
appliances, rehabilitation aids, surgical dressings and medical compression
supports.
It diversified products portfolio also includes sports medicine, dental range,
emergency trauma care and a wide range of podiatry products.
The story of Dynamic Techno Medicals is more than just the history of a rehabilitation center growing into an internationally successful orthopaedic appliances company. It's a record of how people with vision and determination built a nationwide business organization based on the talents and skills of local people. The entrepreneurial spirit still pervades Dynamic Techno Medicals today.
Having set up in a small town in Desom on the fringes of Kochi, the commercial
capital of Kerala, the company has been able to identify opportunities in the
orthopaedic industry like no other no other company had done before. Although Dynamic
Techno Medicals operated with few precedents, the business nonetheless
prospered. This growth was fueled in part by Dynamic Techno Medicals focus on
hiring, training and promoting local people to managerial positions, a practice
that remains a hallmark of the company culture.
1980
- Mr. P. Vasudevan sets up DTML as an Artificial Limb and Rehabilitation
Center in the small town of Desom on the outskirts of Kochi, the commercial
capital of Kerala.
• 1981
– The World Health Organisation (WHO) commemorates the year as the “Year of the
Disabled”. The Government of India announces an ADIB (Assist the Disabled)
Scheme and appoints Dynamic Techno Medicals appointed as the prime implementers
of the scheme in South India. Soon, the company is marketing products under its
brand name ‘Dyna’.
• 1985
- Dynamic Techno Medicals sets up a Bandage Manufacturing Unit (using
indigenous technology) at Asokapuram, Aluva, Kerala. This unit manufactures
bandages as per the BP specifications.
• 1994
- The Research & Development Department is set up. It comprises of a strong
team of engineers drawn from different fields such as mechanical engineering,
polymer science, prosthetics/orthotics and textile technology. The company now
spends 5% of its total turnover on R&D activities.
• 1999
- The Export Division is launched to target the booming international market.
The division currently has a presence in 30 countries on 4 continents.
• 2000 - A technical collaboration is set up with Sri
Chitra Thirunal Institute of Medical Sciences for the technology transfer of
Artificial Bone Grafts for periodontal application.
Production
DTML
has 4 state-of-the-art manufacturing facilities catering to its Bandages
Division, Surgical Dressings Division and Orthopaedic Appliances Division with
a total of 115000 square feet.
All
units have been set up as per international specifications and meet GMP
standards. They are ISO 9001:2000 certified. They also have received the CE
mark and the DNV mark.
DTML
employs over 1000 people in these facilities.
Our
production facilities are geared to meeting the following criteria:
- Guarantee
world-class, standardized products
- Flexibility to manufacture
a wide variety of products
- Optimization of
production costs
People
They
have a competent team of specialists including mechanical engineers, polymer
scientists, textile technologists, prosthetics/orthotics engineers, marketing
wizards, product development professionals and pharmacologists.
They
aim to be the employer of choice for talented individuals and actively promote
equal opportunity.
The
success enjoyed by them is due to our ability to attract, develop and retain
skilled personnel. They have rigorous recruitment and training programs and
career paths to enable our employees to grow within the organisation.
Sales
and marketing network
They
have a highly trained staff of more then 200 people in our Sales and Marketing
team.
They
have 15 depots in India for fast, flexible and cost-effective service.
Since
1999, our export division is operating in 27 countries around the world. These
operations are handled through dealers. If you are interested in being a dealer
of our products outside India, please contact us.
OEM (Original Equipment Manufacturers)
Are you looking to reduce the cost of manufacture for your
goods while still maintaining the high degree of quality? DTML can probably
meet your needs.
They
have 115,000 square feet of manufacturing space spread over 4 locations in
South India. They have state-of-the-art machinery from Germany, Italy and Japan
in these locations as well as a dedicated and skilled workforce of around 1000
people.
They can manufacture products under your brand
name according to your specifications.
services
For more than two decades, Progaiit, Artificial Limb and Rehabilitation Center has been working to develop leading edge products and services that touch and keep in tune with the rehabilitation needs of those under the care. Founded by P. Vasudevan in 1980, they have invested in fundamental research that has helped to evolve into a diversified orthopedics company that develops, manufactures and markets innovative products and services that span the continuum of care – from prevention and diagnosis to treatment and cure.
Headquartered in north Desom, Aluva, in Kerala, they offer a wide range
of prosthetic and orthotic services to the disabled from all walks of life. By
combining our strengths in technology and infrastructure the had been able to
offer solutions across a wide spectrum for some of the most prevalent
conditions. Beginning with artificial limbs, rehabilitation aids and a range of
orthopedics shoes to the most modern Endoskeletal prosthesis.
Initially it began with imported components for Endoskeletal prosthesis. When
they realized that price was not a constraint for the people’s desire for
quality and comfort, they decided to indigenise design and development. The
next step was to benchmark ourselves to global standards. Then came the bigger
challenge. To deliver these standards through low cost solutions viable for
Indian target.
They have not only been successful in bringing the best of Endoskeletal
prosthesis to India, but they had been equally successful in developing and
manufacturing machinery, tools and accessories for limb fabrication which are
not available in the Indian market. Today this expertise can be had from to set
up fully integrated rehabilitation centres which can be run independently or on
franchisee arrangements.
profile
For more than two decades, Progaiit, its’ Artificial Limb and Rehabilitation Center has been working to develop leading edge products and services that touch and keep in tune with the rehabilitation needs of those under care. Founded by Mr. P. Vasudevan in 1980, they had invested in fundamental research that has helped to evolve into a diversified orthopedics company that develops, manufactures and markets innovative products and services that span the continuum of care – from prevention and diagnosis to treatment and cure.
Headquartered in north Desom, Aluva, in Kerala, they offer a wide range of
prosthetic and orthotic services to the disabled from all walks of life. By combining
of strengths in technology and infrastructure they had been able to offer
solutions across a wide spectrum for some of the most prevalent conditions.
Beginning with artificial limbs, rehabilitation aids and a range of orthopedics
shoes to the most modern Endoskeletal prosthesis.
Initially it began with imported components for Endoskeletal prosthesis. When
they realized that price was not a constraint for the people’s desire for
quality and comfort, they decided to indigenise to design and development. The
next step was to benchmark ourselves to global standards. Then came the bigger
challenge. To deliver these standards through low cost solutions viable for our
Indian target.
They have not only been successful in bringing the best of Endoskeletal
prosthesis to India, but they have been equally successful in developing and
manufacturing machinery, tools and accessories for limb fabrication which are
not available in the Indian market. Today this expertise can be had from them
to set up fully integrated rehabilitation centres, which can be run
independently or on franchisee arrangements.
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.78.28 |
|
Euro |
1 |
Rs.58.23 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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 |
|