%20PRIVATE%20LIMITED%20-%20MITSUI%2026-Jun-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
26.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
UNP POLYVALVES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered Office : |
S-11, Dev Prayag CHS Limited, Bhakti Mandir Road, Near Hari Niwas Circle, Panchpakhadi, Thane-400602, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
07.07.2000 |
|
|
|
|
Com. Reg. No.: |
11-127615 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U25209MH2000PTC127615 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
PNEU05365D |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACU4192L |
|
|
|
|
Legal Form : |
Subject is a private limited liability company. |
|
|
|
|
Line of Business : |
Manufacturing of Plastic Pipes, Flanges, Stubends and Allied types of Pipe Fittings. |
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 14000 |
|
|
|
|
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 reported as fair. Business is active. Payments are usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. Mr. Urmul Shal (Tel No. 91-265-2637379. 91-9825041614), Mrs. Vijaya
(Manager) and some junior learner staff totally declined financial details. |
LOCATIONS
|
Registered/ Administrative Office : |
Dev Prayag, C. H. S., S-11, Bhakti Mandir Road, Near Hari Niwas Circle, Panchpakhadi, Thane (West) – 400 602, Maharashtra, India |
|
Tel. No.: |
91-22-25675205/25686061/ 91-22-25392339 / 55921566/ 67/ 68 |
|
Mobile No.: |
91-9825666024 |
|
Fax No.: |
91-22-25686061/ 91-22-25337795 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Vijay Enclave, Building No.3, Flat No.44, Off Ghodbunder Road, Thane
(West)-400607, Maharashtra, India |
|
Tel. No.: |
91-22-25392339 |
|
|
|
|
Corporate Office : |
Gar Building No. 7, Co-operative Housing Society, B – Wing, Flat No. 33, Khopat, Thane (West), Mumbai – 400 601, Maharashtra |
|
|
|
|
Factory : |
Unit
1 (An ISO 9001:2000 Certified), Survey No.429, Shed No.4, Near Kalali
Rly.Crossing, Atladara, Vadodara-390012 |
|
Tel. No.: |
91-265-2330 548 |
|
Fax No.: |
91-262-2339 415 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Unit 2 (748/4), GIDC, Makarpura, Vadodara - 390 010 |
|
Tel. No.: |
91-265-2645379 / 2649248 |
|
Fax No.: |
91-265-2632628 |
DIRECTORS
|
Name : |
Mr. Amit N Shah |
|
Designation : |
Director |
|
Address : |
18/A, Durga Nagar Society, B/H Tube Co., Old Padra Road,
Baroda-390012, Gujarat |
|
Date of Birth/Age : |
01.09.1969 |
|
Date of Appointment : |
07.07.2000 |
|
|
|
|
Name : |
Mr. Urmilbhai Shah |
|
Designation : |
Director |
|
Address : |
18/A, Durga Nagar Society, B/H Tube Co., Old Padra Road,
Baroda-390012, Gujarat |
|
Date of Birth/Age : |
04.08.1972 |
|
Date of Appointment : |
10.07.2000 |
|
|
|
|
Name : |
Mr. Nalinkant A Shah |
|
Designation : |
Director |
|
Address : |
18/A, Durga Nagar Society, B/H Tube Co., Old Padra Road,
Baroda-390012, Gujarat |
|
Date of Birth/Age : |
10.04.1936 |
|
Date of Appointment : |
07.07.2000 |
|
|
|
|
Name : |
Ms. Sonia A Shah |
|
Designation : |
Director |
|
Address : |
18/A, Durga Nagar Society, B/H Tube Co., Old Padra Road,
Baroda-390012, Gujarat |
|
Date of Birth/Age : |
01.01.1974 |
|
Date of Appointment : |
07.07.2000 |
|
|
|
|
Name : |
Ms. Disha U Shah |
|
Designation : |
Director |
|
Address : |
18/A, Durga Nagar Society, B/H Tube Co., Old Padra Road,
Baroda-390012, Gujarat |
|
Date of Birth/Age : |
01.01.1974 |
|
Date of Appointment : |
10.07.2000 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Mr. Amit Shah |
81 |
|
Ms. Sonia Shah |
2031 |
|
Ms. Disha Shah |
2165 |
|
Mr. Nalikant Shah |
1081 |
|
Mr. Urmil Shah |
500 |
|
Urmil Shah (HUF) |
1 |
|
Amit Shah (HUF) |
1 |
|
Nalin Shah (HUF) |
1 |
|
Total |
5861 |
Equity Share Breakup (Percentage of Total Equity)
As on 29.09.2007
|
Category |
Percentage |
|
Directors or relatives of directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Plastic Pipes, Flanges, Stubends and Allied types of Pipe Fittings. |
|
|
|
|
Products : |
Generic Names of Principal Products / Services of the Company are :- v Plastic Pipes v Flanges v Stubends v Allied types of Pipe
Fittings v
Polymers v
Strainer Its’ products range includes :- v Pnumatically
Actuated Valves v Pneumatically
Actuated Valves v Pneumatically
Actuated Valves |
|
|
|
|
Exports : |
|
|
Countries : |
Bangladesh, Thailand, Germany, Egypt, Brazil, United Arab Emirates,
Quatar, Kuwait, Indosnesia, china, Japan, Sri Lanka |
|
|
|
|
Imports : |
|
|
Countries : |
Belgium, United States and Germany |
GENERAL
INFORMATION
|
Suppliers : |
Some of its’ major suppliers are :- v Sri Nidhi
Advertising & Marketing v Mark Enterprises v Mumbai Baroda
Roadways v The Professional
Couriers v Expenditors
International (India) Private Limited v Wayking Auto
Garage v Blockdale v Hrucha Worldwide
Courier v Sagar Xerox v B-Mart v Jasubhai Media
Private Limited v Suraj
Enterprises v Delta Prints v Net Tech Systems v SKD Enterprises v Virat Machinery
& Tools v Shree Virad Oil
Suppliers v Uma Steel
Corporation v Zex Electricals v Krunal
Electrical & Services v Laxmi Steel
Corporation v Abhishek Travels
& Forex Limited v Chheda Trading
Company v Seven Hills
Publication Private Limited v Ravi Art v N. K. Sales
Corporation v Shree Mukt
Jewellers v Tej Auto
Engineers v Down Town Motors
Private Limited v Khushboo Auto
Electrical Works v Mac Photographer v Jasubhai Media
Private Limited v Commercial
Publications v J. K. Cycle
Company v The plastic
Export Pro. Council v Usha Ascot |
|
|
|
|
Customers : |
Some of its’ major customers are :- v Abiaze Glass
Works Private Limited v Amoli Organics
Limited v Aqua Chemicals
and Systems (Mfg.) v Bayer (India)
Limited v Bhabani Pigments
Private Limited v Bharat Starch
Industries Limited v Birla Cellulosic v Calyx
Pharmaceuticals & Cheminova India Limited v Colour Chaem
Limited, Thane v Cosord, India v D. K. Engineers v Daurala Organics
Limited v Duvent Fans Private
Limited v Exide Industries
Limited v Flat Products
Equipments (India) Limited v Furnace Fabrica
(India) Limited v Gea Energy
System (India) Limited v Gharda Chemicals
Limited v Grasim
Industries Limited, Nagda v Gujrat Alkali
& Chemicals, Baroda, Gujarat v Gujarat Alkali
& Chemicals, Dahej, Gujarat v Gulbrandson
Chemicals Private Limited v Heubach Colour
Limited v Hi-Tech Polymers v Hussain
Enterprise v Indo Gulf
Corporation Limited v Integrated
Quality Services v Ion Exchange
(India) Limited, Navi Mumbai, Maharashtra v Kamdhenu
Nutrients Private Limited v Kemplast
Products v Lloyd
Insulations (India) Limited v Lupin Limited v Manisha Steels v Multiform
Machinery (Bombay) Private Limited v Multy Products v P. V. Products
(Dadar) v Paramount
Limited v K. B. Steel v Pesticides India v Pharmlab Process
Equipments v Phthalo Colour
& Chemicals Limited v Procon Engineers v Ranbaxy
Laboratories Limited, Toansa v Ravi Dyeware
Company Limited v Reliance
Silicones (India) Limited v Sanmar
Speciality Chemicals Limited v
Chempro Expertise Private Limited v
Chemtex Engineering of India Limited v
Dalal Consultants & Engineers Limited v
Engineers India Limited v
Hindustan Dorr-Oliver Limited v
Humphreys & Glasgow Consultants Limited v
IBI Chematur (Engg. & Consultancy) Limited v
Idea Babcock v
Krebs & CIE Limited v
Kti (India) Limited v
Kvaerner John Brown Limited v
Kvaerner Powergas India Limited v
Lurgi India Limited v
M.N. Dastur & Company Limited v
Monsanto-Dmcc Enviro-Tech & Engg. Limited v
Pipecon Consultants (India) Private Limited v
R.J. Associates (Engineers) Private Limited v
Shriram Projects Limited v
Shroff & Associates (Engineers) Private Limited v
Tata Consulting Engineers v
Techimont ICB Limited v
Thapar Chemtex Limited v
Toyo Engineering India Limited v
Uhde India Limited |
|
|
|
|
No. of Employees : |
67 |
|
|
|
|
Bankers : |
· ICICI Bank · Vijaya Bank, Thane, Maharashtra · Bank of Maharashtra, Baroda, Gujarat · Bank of Maharashtra, Thane, Maharashtra · Vijaya Bank, Baroda, Gujarat |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
K. G. Gandhi andCompany Chartered Accountants |
|
Address : |
14-B, ‘Vaibhav’, 1st Floor, Corner of M. G.
Road and S. L. Road, Mulund (West), Mumbai – 400 080, Maharashtra, India |
|
Tel. No.: |
91-22-25675205/25686061 |
|
Fax No.: |
91-22-25686061 |
|
|
|
|
Memberships : |
Plexcouncil, WTC |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5861 |
Equity Shares |
Rs.100/-
each |
Rs.0.586
million |
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 |
0.586 |
0.586 |
0.586 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.408 |
2.072 |
1.727 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.994 |
2.658 |
2.313 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.608 |
1.024 |
1.021 |
|
|
2] Unsecured Loans |
0.265 |
0.844 |
0.898 |
|
|
TOTAL BORROWING |
1.873 |
1.868 |
1.919 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
4.867 |
4.526 |
4.232 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.106 |
8.888 |
8.438 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.448 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.096 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.467
|
0.402 |
0.601 |
|
|
Sundry Debtors |
5.591
|
8.321 |
1.599 |
|
|
Cash & Bank Balances |
10.765
|
9.755 |
6.763 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.915
|
2.630 |
1.918 |
|
Total
Current Assets |
17.738
|
21.108 |
10.881 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
23.104
|
23.891 |
14.156 |
|
|
Provisions |
1.428
|
1.595 |
0.948 |
|
Total
Current Liabilities |
24.532
|
25.486 |
15.104 |
|
|
Net Current Assets |
(6.794)
|
(4.378) |
(4.223) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.011 |
0.016 |
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
4.867 |
4.526 |
4.232 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
Total Income |
59.854 |
50.961 |
35.864 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
0.765 |
0.787 |
0.815 |
|
|
Provision for Taxation |
0.000 |
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
0.765 |
0.787 |
0.815 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Interest |
0.253 |
0.344 |
0.170 |
|
|
Depreciation & Amortization |
1.670 |
1.642 |
0.988 |
|
|
Other Expenditure |
57.166 |
48.188 |
33.891 |
|
Total Expenditure |
59.089 |
50.174 |
35.049 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
1.28
|
1.54 |
2.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.28
|
1.54 |
2.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.84
|
2.62 |
4.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.30 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.82
|
10.29 |
7.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.72
|
0.83 |
0.72 |
LOCAL AGENCY
FURTHER INFORMATION
BUSINESS
Subject is engaged in manufacturing of Plastic Pipes, Flanges, Stubends
and Allied types of Pipe Fittings.
The company’s fixed assets of important value includes telephone instruments,
fax machine, furniture, office equipment, motor car (old), motor car (new),
plant & machinery, electric fittings, dies & tools, air conditioner,
computer and cycles.
The situation of the registered office of the company has changed from :
Vijay Enclave, Building No.3, Flat No.44, Off Ghodbunder Road, Thane
(West)-400607, Maharashtra, India
To :
Dev Prayag, C. H. S., S-11, Bhakti Mandir Road, Near Hari Niwas Circle,
Panchpakhadi, Thane (West) – 400 602, Maharashtra, India with effect from 05.07.2006
The Company is
trade terms with:
Ř
Century Rayon, Sahad
Ř
Chemfab Alkalies and Chemicals Limited
Ř
Chemplast-sanmar Limited, Chennai
Ř
Gujarat Alkalies and Chemicals Limited, Baroda and Dahej
Ř
Grasim Industries Limited Chemical Division, Nagda
Ř
Hukumchand jute and Industries Limited, Shadol
Ř
Indian Petrochmichals Corporation Limited, Dahej
Ř
Indian Rayon and Industries Limited,Veraval
Ř
NRC Limited, Shad
Ř
Punjab Alkalies and Chemicals Limited, Naya Nangal
Ř
Standard Alkalis and Chemicals, Thane, Maharashtra
Ř
Seach Chem Industries Limited, Jhagadia
Ř
Shriram Alkalies and Chemicals Limited, Jhagadia
Ř
Shriram Vnyl and Chemicals Limited, Kota, Rajasthan
Ř
Siel Chemicals Complex, Rajpura
Ř
Travancore Cochin Chemicals Limited, Cochin
Ř
Tata Chemicals Limited, Mithapur
Ř
Aarti Organics Limited, Vapi
Ř
Amoli Organics Limited, Ekalbara
Ř
Andhra Pradesh Rayons Limited, Secunderabad
Website Details :
COMPANY DETAILS
Having an experience over a decade has continuously developed the most
critical products for Chemical Industries. The company has evolved its own
designs and observations of strict quality controls that have earned it a name,
which is appreciated by all leading consultants and reputed Industries.
PRODUCT DETAILS
They introduce themselves as one of the manufacturer's in India for
Valves and Piping Systems from Advanced Engineering Plastics. Their product
range includes Ball Valves, Diaphragm Valves, Non-return Valves, Foot Valves,
Sight Flow Indicators, Pipes & Pipe fittings.
Having an experience over a decade has continously developed the most
critical products for Chemical Industries. The company has evolved its own
designs and observations of strict quality controls that have earned it a
name,which is appreciated by all leading consultants and reputed Industries.
Have developed specially designed Sampling Valves, Strainers and
Diaphragm Valves as an import substitution to the existing imported valves
especially for Caustic Chloro Plants.
Are pioneer and specialised in making Valves, Pipes and Fittings out of
most advanced engineering plastics like PVDF, ETFE and Special Grade Isotactic
PP which are now widely used and well accepted in Chemical Industries.
Shop floor, strict quality control over each and every component used
for valve manufacturing ensures best quality, 100% leakproofness and long life
to its products. 100% quantity of valves manufactured by it are subjected to
Hydrotest and atleast two valves from each batch of 100 Nos. is subjected to
burst test to ensure that any rise in pressure upto 4 times the working
pressure due to process problems the valve should not burst on line.
To ensure consistent quality and long life, subject makes use of only
specific grades which are recommended by the manufacturers of raw materials for
their kind of products. The company is trying for ISO-9000 Certification.
Materials
|
TECHNICAL
PROPERTIES OF NORMAL POLYPROPYLENE |
|
|
|
|
|
PROPERTIES |
POLYPROPYLENE |
|
|
|
|
Specific Gravity |
0.90-0.91 |
|
Water Absorption(% in 24 hrs.) |
0.01-0.03 |
|
Hardness(Rockwell) |
R90-95 |
|
Tensile Strength-(lb/sq.in.) |
4400-4800 |
|
Impact Strength -Izod notched-(ft. lbs.) |
1.5-2.5 |
|
Elongation at break(%) |
220-600 |
|
Yield Stress(lb./sq.in.) |
4400-4800 |
|
Flexural Modulus(lb./sq.in.) |
1.5*105 |
|
Modules Of Elasticity In Tension(lb./sq.in.) |
1.5*105 |
|
Softening Point(deg.C.) |
135-150 |
|
Load-Heat(Cal/grm/deg.C.) |
0.46 |
|
Load-Heat Deformation 66 lb./sq. in (deg.C.) |
95-110 |
|
Load-Heat Deformation 264 lb./sq. in (deg.C.) |
60-65 |
|
Inflammability |
Slow Burning |
|
Thermal Expansion (in/in./deg.C.) |
805-11*10-5 |
|
Mould Shrinkage(in. per Inch) |
0.01-0.02 |
|
Injection Moulding Temp (deg.C.) |
200-300 |
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.42.82 |
|
UK Pound |
1 |
Rs.84.72 |
|
Euro |
1 |
Rs.66.62 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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/normal. |
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 |
|