MIRA
INFORM REPORT
|
Report Date : |
03.03.2008 |
IDENTIFICATION
DETAILS
|
Name : |
MEGA RUBBER
TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
90, Mistry
Industrial Complex, MIDC Cross Road A, Andheri (East), Mumbai – 400 093,
Maharashtra |
|
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|
|
Country : |
India |
|
|
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|
Financials (as
on) : |
31.03.2006 |
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|
Date of
Incorporation : |
11.01.1995 |
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|
|
|
Com. Reg. No.: |
11-84554 |
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CIN No.: [Company
Identification No.] |
U25110MH1995PTC084554 |
|
|
|
|
TAN No.: [Tax Deduction
& Collection Account No.] |
MUMM19218D /
MUMM10324G |
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|
PAN No.: [Permanent
Account No.] |
AAACM7425N |
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|
|
Legal Form : |
Private Limited
Liability Company. |
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|
|
Line of
Business : |
Manufacturing and
Exporting of Rubber Compounds, Rubber Moulded goods and other engineering
components and selling of Metal and Rubber Bonded Components for Automobiles,
Railways and Aviation Industry. |
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 470000 |
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|
Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
It is a well
established company engaged in manufacturing, selling and exporting of
Moulded Rubber Products. The company performed well both in domestic sales as
well as export front. Trade relations
are reported as fair. Payments are usually made as per commitments. It can be
considered normal for business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office
: |
Unit No. 77,
Mistry Industrial Complex, MIDC Cross Road A, Andheri (East), Mumbai – 400
093, Maharashtra, India |
|
Tel. No.: |
91-22-2687 0441 /
2687 1769 / 2687 2696 / 2687 0330 / 2687 0331 / 2687 0360 |
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Fax No.: |
91-22-26877339 |
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E-Mail : |
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Website : |
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Area : |
3000 Sq. ft |
|
Location : |
Owned |
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Corporate
Office / Factory : |
Building No. 1,
Agarwal Udyog Nagar Waliv, Vasai Road'(East), District Thane - 401 208,
India. |
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Tel. No.: |
91- 250-2454 365
/ 2454 520 |
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Fax No.: |
91- 250-2454 519 |
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E-Mail : |
DIRECTORS
|
Name : |
Mr. Neel R. Sujan |
|
Designation : |
Managing Director |
|
Address : |
804, Abhishek
Apartment, 8th Floor, Versova, Andheri (West), Mumbai – 400 058,
Maharashtra |
|
Date of
Birth/Age : |
05.08.1975 |
|
Date of
Appointment : |
07.09.1996 |
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|
|
|
Name : |
Mr. Tulsi R.
Sujan |
|
Designation : |
Director |
|
Address : |
Flat No. 6, Datta
Apartment, 16th Road, South Avenue, Khar (West), Mumbai – 400 032,
Maharashtra |
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Date of
Birth/Age : |
18.03.1949 |
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Qualification
: |
B.E. (Mechanical) |
|
Experience : |
25 Years. |
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Date of
Appointment : |
11.01.1995 |
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|
|
|
Name : |
Mr. Ghanshyam
Sujan |
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Designation : |
Director |
|
Address : |
1307, Giriraj
Neelkanth Valley, Rajawadi Road, Ghatkopar (East), Mumbai – 400 077,
Maharashtra |
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Date of
Birth/Age : |
10.07.1954 |
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Date of
Appointment : |
07.09.1996 |
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|
|
|
Name : |
Mr. Vijay J.
Sujan |
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Designation : |
Director |
|
Address : |
B 3 / 6, Basant
Park, Mahul Road, Chembur, Mumbai – 400071, Maharashtra |
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Date of
Birth/Age : |
15.07.1974 |
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Date of
Appointment : |
15.03.1997 |
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|
|
|
Name : |
Mr. Ashok J.
Sujan |
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Designation : |
Director |
|
Address : |
1701, Green Acre,
Flat No. 325, Lokhandwala Complex, Andheri (West), Mumbai – 400 058,
Maharashtra |
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Date of Birth
: |
20.12.1950 |
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Date of
Appointment : |
04.07.1997 |
|
|
|
|
Name : |
Mr. Harish R. Sujan |
|
Designation : |
Director |
|
Address : |
B 4/6, Basant
Park, Mahul Road, Chembur, Mumbai – 400 071, Maharashtra, India |
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Date of Birth
: |
24.08.1946 |
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Date of
Appointment : |
04.07.1997 |
|
|
|
|
Name : |
Mr. Vasdani
Jayprakash |
|
Designation : |
Director |
|
Address : |
B 4/6, Basant
Park, Mahul Road, Chembur, Mumbai – 400 071, Maharashtra, India |
|
Date of Birth
: |
12.04.1955 |
|
Date of
Appointment : |
04.07.1997 |
|
|
|
|
Name : |
Mr. Pramod Kumar
Sharma |
|
Designation : |
Director |
|
Address : |
A-9, Basant
Co-operative Society, Deonar, Mumbai 400088, Maharashtra, India |
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Date of Birth
: |
18.11.1956 |
|
Date of
Appointment : |
10.08.1998 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Harish Sujan |
|
270000 |
|
Ghanshyam Sujan |
|
283000 |
|
Tulsi Sujan |
|
280000 |
|
Ashok Sujan |
|
263000 |
|
Jayprakash Vasdani |
|
293000 |
|
Neel Sujan |
|
261000 |
|
Vijay Sujan |
|
100000 |
|
Pramod Kumar Sharma |
|
250000 |
|
Usha Jeevan Sujan |
|
4000 |
|
Padma Harish Sujan |
|
4000 |
|
Tulsi Kumar Sujan |
|
4000 |
|
Manisha Ashok Sujan |
|
4000 |
|
Jeevan Sujan HUF |
|
50000 |
|
Harish Sujan HUF |
|
50000 |
|
Tulsi Sujan |
|
23000 |
|
Pramod Kumar Sharma |
|
30000 |
|
Vasdani Jayprakash |
|
30000 |
|
Vijay Sujan |
|
150000 |
|
Tulsi R. Sujan -
HUF |
|
50000 |
|
Neel R. Sujan –
HUF |
|
50000 |
|
Ashok R. Sujan –
HUF |
|
50000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and
Exporting of Rubber Compounds, Rubber Moulded goods and other engineering
components and selling of Metal and Rubber Bonded Components for Automobiles,
Railways and Aviation Industry. |
|
|
|
|
Products : |
Ř Rubber Compound Ř Rubber Products Ř
Moulded
Rubber Goods |
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Exports : |
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Countries : |
U.K., USA and
Israel |
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Imports : |
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Countries : |
Japan, Taiwan and
Germany |
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Terms : |
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Selling : |
Credit (60 days)
terms and 40% in international market against Credit (60 days) terms. |
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Purchasing : |
Credit (30-60
days) terms and 20% from International against Credit (60/90 days) and L/C
terms. |
GENERAL
INFORMATION
|
Suppliers : |
Ř Caitaied Industrial Company Limited Ř Tzell Machinery Company Limited Ř Blue Dart Express Limited Ř Gemini Steel Tubes Limited Ř Mahindra Sintered Products Limited Ř Om Airfreight Limited Ř Special Paints Limited |
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Customers : |
Ř Rai Industries Inc Ř Gabreil India Limited Ř Ford India Limited Ř Maruti Udyog Limited Ř Mumbai Showa Limited Ř
Sunbeam Auto
Limited |
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|
|
|
No. of Employees : |
60 |
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|
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|
Bankers : |
Ř State Bank of India, MIDC Branch, Andheri
(E), Mumbai – 400 093 Ř State Bank of India, SBI Cargo Complex,
Mumbai Ř State Bank of India, Nawha Shewa, Mumbai Ř ICICI Bank, Vasai, Maharashtra Ř Hongkong and Shanghai Banking Corporation
Limited, Network service centre, Sudam Kalu Ahire Marg, Worli, Mumbai 400025 Ř Standard Chartered Bank Ř HSBC Limited Ř Citi Bank, N. A., Citi Business, Citi
Centre, 2nd Floor, Bandra Kurla Complex, Bandra [East], Mumbai –
400051, Maharashtra, India |
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Facilities : |
Cash Credit from
State Bank of India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
|
|
Name : |
S. B. Chhajed
& Company Chartered
Accountants |
|
Address : |
202, Inder Tower,
Kakasaheb Godgil Marg, Off Gokhale Road, Dadar [West], Mumbai – 400025,
Maharashtra, India |
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Associates/Subsidiaries : |
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|
SUJAN
INDUSTRIES |
|
Address : |
16, 17 & 77,
Mistry Industrial Complex, M. I. D. C. Cross Road A, Andheri (East),
Mumbai-400 093, Maharashtra, India |
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Tel. No.: |
91-22-2687 0441 /
2687 1769 |
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Fax No.: |
91-22-2687 0339 |
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E-Mail : |
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POLYRUB EXTRUSIONS (INDIA) |
|
|
Address : |
Plot No. W- 102
D, M. I. D. C.Thane Belapur Road, Khairne, Navi-Mumbai-400 705, India |
|
Tel. No.: |
91-22-5590 3530 /
5590 3531 / 5590 1770/71 |
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Fax No.: |
91 - 22 - 5590
3532 |
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E-Mail : |
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SPECIALITY
ELASTOMERS |
|
|
Address : |
Plat No. W- 129
A, M. I. D. C, Thane Belapur Road, Khairne,, Navi-Mumbai-400 705, India |
|
Tel. No.: |
91-22-5590 3530 /
5590 3531 / 5590 1770/71 |
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Fax No.: |
91 - 22 - 5590
3532 |
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E-Mail : |
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MOULD- DE-SUJAN |
|
|
Address : |
Unit no. 5,
Waliv, Vasai Road (East), District Thane-401 208, INDIA. |
|
Tel. No.: |
91- 250-2454 365
/ 2454 520 |
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Fax No.: |
91- 250-454 519 |
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E-Mail : |
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VEE KAY RUBBER PRODUCTS |
|
|
Address : |
3, Mistry
Industrial Complex, M. I. D. C. Cross Road A, Andheri (East), Mumbai-400 093,
INDIA. |
|
Tel. No.: |
91-22-2687 0360 |
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Fax No.: |
91-22-2687 0339 |
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E-Mail : |
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|
TEE VEE TOOLS & ENGINEERING INDUSTRIES |
|
|
Address : |
89, Mistry
Industrial Complex, M.I.D.C, Cross Road , "A", Andheri (East), |
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Tel. No.: |
91-22-2687 0360 |
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Fax No.: |
91-22-2687 0339 |
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E-Mail : |
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CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5500000 |
Equity Shares |
Rs. 10/- each |
Rs. 55.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3080000 |
Equity Shares |
Rs. 10/-
each |
Rs. 30.800
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
30.800 |
28.000 |
14.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
87.131 |
64.073 |
55.687 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
117.931 |
92.073 |
69.687 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
76.724 |
39.265 |
-- |
|
|
2] Unsecured Loans |
0.000 |
9.015 |
29.342 |
|
|
TOTAL BORROWING |
76.724 |
48.280 |
29.342 |
|
|
DEFERRED TAX LIABILITIES |
7.211 |
7.900 |
9.589 |
|
|
|
|
|
|
|
|
TOTAL |
201.866 |
148.253 |
108.618 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
89.454 |
75.170 |
71.346 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
59.576
|
28.899 |
17.144
|
|
|
Sundry Debtors |
87.981
|
67.350 |
49.564
|
|
|
Cash & Bank Balances |
1.666
|
2.321 |
8.723
|
|
|
Other Current Assets |
6.405
|
3.840 |
1.570
|
|
|
Loans & Advances |
9.598
|
7.158 |
22.893
|
|
Total
Current Assets |
165.226
|
109.568 |
99.894 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
43.613
|
31.474 |
62.631
|
|
|
Provisions |
9.439
|
5.140 |
0.000 |
|
Total
Current Liabilities |
53.052
|
36.614 |
62.631 |
|
|
Net Current Assets |
112.174
|
72.954 |
37.263 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.238 |
0.129 |
0.009 |
|
|
|
|
|
|
|
|
TOTAL |
201.866 |
148.253 |
108.618 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
Sales Turnover [including other income]
|
|
286.836 |
233.564 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
|
41.485 |
39.630 |
Provision for Taxation
|
|
14.312 |
16.319 |
Profit/(Loss) After Tax
|
|
27.173 |
23.311 |
|
|
|
|
|
Export Value
|
|
56.811 |
30.774 |
|
|
|
|
|
Total Expenditure
|
|
245.352 |
193.934 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
|
PAT / Total
Income |
(%) |
NA
|
9.98 |
9.98 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
16.97 |
16.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
22.46 |
23.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.45 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.10
|
0.92 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.11
|
2.99 |
1.59 |
LOCAL AGENCY
FURTHER INFORMATION
Fixed Assets
Ř
Building
Ř
Plant and
Machinery
Ř
Laboratory
Equipment
Ř
Office
Equipment
Ř
Furniture and
Fixture
Ř
Computers
It is in trade
terms with:-
Ř Emcom Enterprises
Ř Emcon International
Ř G. N. A. Udyoge Limited
Ř Munjal Showa Limited
Ř Murzello Metal
Ř Plan Associates
Ř Shree Soham Traders Private Limited
Ř Sona Steering Systems Limited
Ř Speciality Elastomers
Ř Sujan Industries
Ř Vee kay Rubber Products
Ř Gabriel India Limited
Ř Maruti Udyog Limited
Ř Sampanna Motors
Ř AFA Industries
Ř Comco Industries
Ř MGW Manufacturing Corporation
Ř MRG Auto System Inc.
Ř International Chemicals
Ř Riddhi Dye-chem Corporation
Ř Shree Krishna Enterprise
Ř Anand Chemicals
Ř Veekay Rubber Products
Ř Mittal Enterprises
Ř Hi-tech Industries
Ř Shree enterprises
Ř Shree Gajanand Chemical Company
Ř Jinesh Chemicals Private Limited
Ř Mura Black India Limited
Ř Cabot India Limited
Ř Rubber Growers’ Marketing & Process
Company
Ř Speciality Elastomers
Ř Star Chemicals
Ř Trident Polychem (Private) Limited
Ř White Silco Private Limited
Ř Mars Ship Repairs Private Limited
Ř Bayer AG., Germany
Ř Gifco Inc., Japan
Ř Showa Trading Co. Limited., Japan
Ř Gujarat Carbons Limited, India
Ř Viko Corporation, Mumbai, India
Ř Nav Bharat Metallic Oxides, Mumbai, India
Ř Bharat Petroleum Corporation, Limited,
India.
Form 8
Bankers Charges Report as per Registry
|
Name of the company |
MEGA RUBBER TECHNOLOGIES PRIVATE LIMITED |
|
Presented By |
MEGA RUBBER TECHNOLOGIES PRIVATE LIMITED |
|
1) Date and description of instrument creating the change |
By hypothecation
agreement dated 25.01.2002 |
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs. 0.165
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 |
Moulds for
manufacturing rubber mould goods P/N No. X561 –
5A262-AA-HNGR P/N No. X56Y –
14603 – AB |
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
Advance for
design and developing moulds Tooling
moderation Rs. 0.165 Millions Advance recovery
Rs. 0.165 Millions over 200000 Nos. IZECES |
|
5) Name and Address and description of the person entitled to the
charge. |
Ford India
Limited SP KOIZ,
Chenglepoy, 603204, Kancheepuram, Tamilnadu, India |
|
6) Date and brief description
of instrument modifying the charge |
NA |
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
NA |
|
This Form is for |
Creation of charge |
|
Charge
identification number of the charge to be modified |
NA |
|
Corporate
identity number of the company |
U25110MH1995PTC084554 |
|
Name of the
company |
MEGA RUBBER TECHNOLOGIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Unit No. 77,
Mistry Industrial Complex, MIDC Cross Road A, Andheri (East), Mumbai – 400
093, Maharashtra |
|
Type of charge |
Ř
Book Debts Ř
Movable
Property Ř
Floating
Charge |
|
Particular of
charge holder |
Citi Bank Citigroup Centre,
Bandra Kurla Complex, G. Block Bandra {East], Mumbai 400051, Maharashtra,
India |
|
Nature of
description of the instrument creating or modifying the charge |
Secured Term loan
agreement where the security is by way of hypothecation of stocks and book
debts and plant and machinery |
|
Date of instrument
Creating the charge |
28.09.2007 |
|
Amount secured by
the charge |
Rs. 13.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
[a] Rate of
interest Interest @ 10.50%
p.a. at monthly rests or such other rate/s or rests as may be decided by the
bank from time to time, subject to the directives issued by the RBI, if any. Additional
interest payable by way of liquidated damages 4% p.a. [b] Terms of
repayment the loan amount
and the interest thereon will be repaid in 3 years/monthly amortization
installments for the Term Loan facilities of Rs. 13.000 Millions [c] Margin As may be
stipulated by Bank from time to time [d] Extent and
operation of the charge The hypothecated
goods by way of first charge for payment to the bank of all monies
at any time due and payable by the Borrower to the Bank in respect of
the credit facilities including balance of the credit facilities, as also the
monies due on bills of exchange/pro-notes/negotiable instruments which bank
may have discounted or become interested together with interest, costs,
charges and expenses and other monies payable by the Borrower. [e] others the borrower
expressly recognises and accepts that the bank shall be absolutely entitled
and have full power/authority to sell, assign or transfer in any manner and
on such terms as the bank may decided any or al outstanding dues of the
borrower to any third party of the banks choice without any further reference
or intimation to the borrower. |
|
Short particulars
of the property charged |
[a] all of the
goods and all other tangible movable properties of borrower such as raw
materials, stock, consumable stores, semi finished and finished goods, in
process of manufacture and a goods manufactured therefrom [b] Whole of the
borrowers plant and machinery and [c] all the
borrowers present and future book debts, outstanding monies, receivables,
claims, bills, investments, rights to
or in movable properties/movable assets forming part of current assets
|
|
Date of latest
modification prior to the present modification |
NA |
|
Particulars of
the present modification |
NA |
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 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. 39.92 |
|
UK Pound |
1 |
Rs. 79.31 |
|
Euro |
1 |
Rs. 60.63 |
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 |
4 |
|
--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 |
|
44 |
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 |
|