MIRA
INFORM REPORT
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Report Date : |
21.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
HID INDIA PRIVATE LIMITED |
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Registered Office : |
Tower D Annex, Ground Floor, Millennia Towers, No. 1 and 2 Murphy road,
Ulsoor, Bangalore 560008, Karnataka |
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Country : |
India |
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Date of Incorporation : |
31.01.2005 |
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Com. Reg. No.: |
035511 |
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CIN No.: [Company
Identification No.] |
U72900KA2005PTC035511 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRH02541A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
To carry on business as manufacturers, producers, processors, converters,
fabricators, importers, exporters, traders, buyers, sellers, indenters,
agents, merchants, distributors, consignors of all types of identification
and access control systems such as proximity cards, smart cards, contactless
cards and card readers, biometric products, time and attendance systems,
accessories and software there for and other similar and related electronic
components, devices, equipments, appliances and other equipments and
materials. |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a 3 years old Company but has not filed any financials with
the Government Department till date. The
management remained non co-operative despite several follow ups. No further information could be made
available from any of the sources. The Company can be considered for any business dealings on safe and
secured trade terms and conditions, only. |
LOCATIONS
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Registered Office : |
Tower D Annex, Ground Floor, Millennia Towers, No. 1 and 2 Murphy
road, Ulsoor, Bangalore 560008, Karnataka, India |
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Tel. No.: |
91-80-25543566 |
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Fax No.: |
91-80-255 43567 |
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E-Mail : |
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Website : |
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Overseas Offices
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America
9292 Jeronimo Road, Irvine, CA 92618 |
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Tel. No.: |
(949)-598-1600 |
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Fax No.: |
(949)-598-1690 |
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Canada |
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Tel. No.: |
[905] 842-4860 |
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Fax No.: |
[905] 842-4846 |
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Argentina |
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Tel. No.: |
(5411) 4855-5984 |
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Fax No.: |
[5411) 4857-3573 |
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Brazil |
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Tel. No.: |
55 (11) 5514-7100 |
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Fax No.: |
55 (11) 5514-7109 |
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Mexico |
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Tel. No.: |
52 477 779 1492 |
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Fax No.: |
52 477 779 1493 |
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Europe |
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Tel. No.: |
44 (0)1440 714 850 |
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Fax No.: |
44 (0)1440 714 840 |
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France |
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Tel. No.: |
33 (0) 3 90 22 10 66 |
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Fax No.: |
33 (0) 3 88 36 64 65 |
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Germany |
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Tel. No.: |
49 6123 7910 |
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Fax No.: |
49 6123 791199 |
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The
Netherlands |
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Tel. No.: |
31 (0)172 234797 |
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Fax No.: |
31 (0)172 234877 |
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Asia Pacific |
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Tel. No.: |
852 3160 9800 |
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Fax No.: |
852 3160 4809 |
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Australia |
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Tel. No.: |
61 2 8211 0587 |
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Fax No.: |
61 2 8211 0555 |
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China |
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Tel. No.: |
[86)755- 8835 3190 |
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Fax No.: |
(86)755-8835 3185 |
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Japan |
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Tel. No.: |
[81) 45 222-3438 |
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Fax No.: |
(81) 45 222-3439 |
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Korea |
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Tel. No.: |
82 2 3782 4518 |
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Fax No.: |
82 2 3782 4555 |
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Singapore |
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Tel. No.: |
(65) 6305 7666 |
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Fax No.: |
(65) 6305 7677 |
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Thailand |
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Tel. No.: |
66 (0) 2 627 9394 |
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Fax No.: |
66 (0) 2 622 3363 |
DIRECTORS
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Name : |
Mr. Rajendra Rao |
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Designation : |
Director |
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Address : |
Srinivas, 675, HMT Layout, Bangalore 560032, Karnataka, India |
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Date of Appointment : |
12.04.2005 |
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Name : |
Mr. Denis Raymond Hebert |
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Designation : |
Director |
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Address : |
25481, Rapid Falls Road, Laguna Hills, California, USA 92653 |
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Date of Appointment : |
12.04.2005 |
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Name : |
Mr. Lester George Doig |
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Designation : |
Director |
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Address : |
1206, Queens Garden, 9 Old Peak Road, Hong Kong |
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Date of Appointment : |
12.04.2005 |
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Name : |
Mr. Thomas Vincent Santos |
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Designation : |
Director |
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Address : |
1652, Windsor Lane, Santa Ana, California 92705, USA |
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Date of Appointment : |
12.04.2005 |
BUSINESS DETAILS
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Line of Business : |
To carry on business as manufacturers, producers, processors,
converters, fabricators, importers, exporters, traders, buyers, sellers,
indenters, agents, merchants, distributors, consignors of all types of
identification and access control systems such as proximity cards, smart
cards, contactless cards and card readers, biometric products, time and
attendance systems, accessories and software there for and other similar and
related electronic components, devices, equipments, appliances and other
equipments and materials. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
--- |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
Not Available
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
DETAILS:
PROFILE:
HID Global is focused on creating customer value as
the trusted source for products, services, and know-how related to the delivery
of secure identity.
HID Global is the trusted leader in providing access and ID
management solutions for the delivery of secure identity. HID Global is focused
on creating customer value worldwide with technology-based access solutions,
issuance solutions, embedded technology solutions and logistics technology
solutions.
As a leading manufacturer of secure identity solutions and
contactless smart card technology for physical access control, HID is selected
more than any other brand in the convergence of physical and logical access
control. In addition, the company develops, manufactures and markets ID
components, products and services typically deployed with national ID and
epassport programs, corporate access control, supply chain management, animal
tagging, financial transactions, transport and various industrial or
manufacturing solutions.
Headquartered in Irvine, California, HID Global has over
2,000 employees worldwide and operates international offices that support more
than 100 countries. HID Global is an ASSA ABLOY Group brand.
Technology
The award-winning product line from HID Global includes iCLASS® 13.56 MHz
contactless smart cards and readers, FlexSmart® series of MIFARE® and DESFire®
smart card readers, Prox 125 kHz proximity, extra secure HID Indala 125 kHz
proximity with exclusive FlexSecur® technology, multiCLASS™ multi-technology
card readers, High Definition Printer/Encoders, SecureMark card issuance
technology and Networked Access Solutions that include their award-winning Edge
Solo and EdgeReader products, and VertX™ Central Station managed access
controllers.
HID expands the flexibility of its products by adding
multiple-technology capabilities to its entire product line. Users of HID
products can select the specific technology combination that best suits the
needs of different applications, or they can add yet another level of security
by using multiple technologies at each door.
This provides users the ability to seamlessly upgrade to new
technologies and add new applications. For increased security, users can
incorporate a photo ID or anti-counterfeiting element such as a hologram or
ultraviolet ink on their credentials.
HID's products are exclusively sold through a
well-established network of OEMs, distributors and integrators worldwide.
End-users of HID products and solutions include businesses and organizations in
virtually all industry sectors with a need to protect or control information or
people. These include government, healthcare, retail, industrial, commercial,
airports/ports, financial and educational institutions to name only a few.
HID's development partners produce many innovative products
and applications. Through HID Connect, their contactless technologies lead the
way for other manufacturers to use their products in original and distinctive
ways. Their solutions are the technology of choice for cutting-edge application
solution providers. Alliances with best-of-class development partners allow
end-users to experience the power of hardware and software solutions that
increase security and optimize efficiencies in a variety of applications.
HID's corporate offices are located in Irvine, California.
Operations serving the Americas are also based in Irvine, with regional
headquarters in Haverhill, England (EMEA) and Hong Kong (Asia Pacific). The
company also maintains regional offices throughout the world for localized
assistance.
1991– Formed
as Hughes Identification Devices, a subsidiary of Hughes Aircraft
1995 – Became
a subsidiary of Palomar Technological Companies, changed name to HID
Corporation
1996 –
Acquired Sensor Engineering from Echlin, Inc., adding Wiegand technology
2000 –
Acquired by ASSA ABLOY AB
2002 –
Became part of the ASSA ABLOY Identification Technology Group (ITG)
2006 –
Aquired Fargo Electronics
2006 –
Launch of HID Connect, the hardware and software partnership arm of HID Global
2006 –
Formation of HID Global, combining HID and Indala brands of access control
readers and cards, secure card solutions, digital identity and photo card
management software solutions, Interlock custom card manufacturing services,
BUGA electronic cylinders and secure card issuance solutions from Fargo
Electronics
2007 –
Acquired Integrated Engineering, adding responsive, flexible platform of
MIFARE-based reader technology
2007 –
Launch of Crescendo, a series of smart cards for physical and logical access
control, and EDGE, a revolutionary IP-based access control solution
HID Connect™ is the hardware and software partnership arm of
HID Global Corporation. Focused on positioning HID as a platform provider
to help expand and support the new “ecosystem” that requires a single
credential for many day-to-day applications, HID Connect promotes products,
applications and solutions that use HID 13.56 MHz iCLASS® or MIFARE® and 125
kHz proximity technologies.
By combining HID Global’s strength in all aspects of secure
credentialing with Partner solutions, HID can extend the use of a single secure
credential to cost-effectively and conveniently solve additional business
problems throughout an enterprise. The ultimate goal of HID Connect is to
help end-users “do more than open the door” with their HID cards.
Solutions currently being developed by HID Connect Partners include, but are
not limited to:
- Biometrics
- Building Automation
- Cashless Payment / Point-of-Sale /
eCash
- Campus Systems
- Custom Card Manufacturing
- Data Collection
- Event Management
- Handheld / Mobile / Wireless
Applications
- ID Badge Management / Printing and Smart
Card Encoding
- Intercom
- Intrusion
Alarm Arming / Disarming
- Manufacturing
Control
- Medical Record Management / HIPAA
- Parking and Long-Range
- Secure Document Management and Printing
- Specialty / Vandal Resistant Physical
Access Control Readers
- Stand-Alone Locks
- Time and Attendance
- Transportation / GPS
- Special Applications
- In
Development
HID Connect Partners offer a variety of hardware, software
and full solutions that incorporate proximity, iCLASS or MIFARE
technologies.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 40.45 |
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UK Pound |
1 |
Rs. 81.20 |
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Euro |
1 |
Rs. 63.48 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
-- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
2 |
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--RESERVES |
1~10 |
-- |
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--CREDIT LINES |
1~10 |
-- |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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8 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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