MIRA
INFORM REPORT
|
Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SLN TECHNOLOGIES
PRIVATE LIMITED |
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|
|
|
Registered
Office : |
No. 889, 4th
Cross, 7th Main, Hal II Stage, Indira Nagar, Bangalore – 560088,
Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2007 |
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Date of
Incorporation : |
23.11.1995 |
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Com. Reg. No.: |
08-19250 |
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CIN No.: [Company Identification No.] |
U72200KA1995PTC019250 |
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TAN No.: [Tax Deduction & Collection Account No.] |
BLRS03888D |
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Legal Form : |
Private limited
liability company |
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Line of
Business : |
Manufacturer of Embedded
Systems Solution |
RATING &
COMMENTS
|
MIRA’s Rating
: |
Ba |
||||
RATING
|
STATUS |
PROPOSED
CREDIT LINE |
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|||
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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||
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Maximum Credit
Limit : |
USD 71048 |
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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 : |
Subject is a well
established company having satisfactory track. Directors are experienced,
respectable and having satisfactory means of their own. Their trade relations
are fair. General financial position
is satisfactory. Payments are usually correct and as per commitments. The company can be considered normal for
business dealings at usual trade terms and conditions |
LOCATIONS
|
Registered
Office : |
No. 889, 4th
Cross, 7th Main, Hal II Stage, Indira Nagar, Bangalore – 560088,
Karnataka, India |
|
Tel. No.: |
91-80-25262500/25275418/25275419 |
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Fax No.: |
91-80-25294537/
25293547 |
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E-Mail : |
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Website : |
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Area : |
Rented – 5500 sq.
ft. |
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Branches : |
1540, Sharada
Chambers, 2nd Floor, 39th Cross, 4th T Block
Jayanagar, Bangalore – 560041, India |
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Tel No.: |
91-80-32928081 /
2 / 26651659 |
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|
|
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Factory: |
57 Tung Hsin
Road, Taipei, Taiwan |
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Tel No.: |
91-8862-8768-3266/710-712 |
DIRECTORS
|
Name : |
Mr. Anil Kumar
Muniswamy |
|
Designation : |
Director |
|
Address : |
No. 22, 3rd
Cross, 3rd Main Road, Lalbahadur Nagar, Kasthuri Nagar,
Bangalore-560008, Karnataka, India |
|
Date of Birth/Age
: |
18.02.1964 |
|
Qualification
: |
BE-Electronics |
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Experience : |
18 years |
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Date of
Appointment : |
23.11.1995 |
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|
|
|
Name : |
Mr. Devalokam
Ramakrishnaiah Subramanyam |
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Designation : |
Director |
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Address : |
No. 17, Binny Layout,
Near Goodnill Apartment, Attigudpe, Karnataka - 560040 |
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Date of
Birth/Age : |
01.06.1962 |
|
Qualification
: |
BE-Electronics |
|
Experience : |
18 years |
|
Date of
Appointment : |
23.11.1995 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 20.09.2005)
|
Names
of Shareholders |
No. of Shares |
|
|
|
|
Mr. Devalokam
Ramakrishnaiah Subramanyam |
71600 |
|
Mr. Anil Kumar
Muniswamy |
71600 |
|
Mr. Pradeep Kumar
Vajram |
8010 |
|
Mr. C. K. Nirmala
|
26510 |
|
Mrs. Rekha Anil
Kumar |
26510 |
|
Mr. M. S.
Yashodamma |
10 |
|
|
|
|
Total |
204240 |
(As on 31.03.2007)
|
Category |
Percentage |
|
|
|
|
Directors or
relatives of director |
100.00 |
BUSINESS DETAILS
GENERAL
INFORMATION
|
Suppliers : |
·
Analog
Devices, USA ·
Atma Camp,
Taiwan ·
Mega
Electronics, UK ·
Spindle
Repair Center, Bangalore |
|
|
|
|
Customers : |
·
Gujarat
Narmada Valley Fertilizers Company Limited, India ·
Excel
Traders, Bangalore |
|
|
|
|
No. of
Employees : |
85 (Office/ Other 35 and Technical 50) |
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|
|
|
Bankers : |
·
State Bank
of India Industrial Finance
Branch, Residency Road, Bangalore – 560025, Karnataka, India |
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|
|
|
Facilities : |
C/C – RS.17.500
millions |
|
|
|
|
Banking Relations : |
Satisfactory |
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|
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|
Auditors : |
|
|
Name : |
Agiwal P. and
Associates Chartered Accountant |
|
Address : |
Flat No. S – 2,
Skthi Vinayaka Manor, 22, Vinayaka Layout, 3rd Stage, Vijayanagar,
Bangalore – 560040 |
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Tel No.: |
91-80-51242545/
24122546 |
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Fax No.: |
91-80-51242547 |
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Email : |
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Collaboration
: |
Gopel, USA |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity shares |
Rs .10/- each |
Rs. 2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
204240 |
Equity shares |
Rs .10/- each |
Rs. 2.042 millions |
|
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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 |
2.242 |
1.228 |
2.042 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves &
Surplus |
15.520 |
12.948 |
11.301 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
17.762 |
14.176 |
13.343 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.794 |
19.516 |
10.909 |
|
|
2] Unsecured
Loans |
4.841 |
2.490 |
2.637 |
|
TOTAL BORROWING
|
25.635 |
22.006 |
13.546 |
|
|
DEFERRED TAX
LIABILITIES |
1.181 |
1.076 |
0.494 |
|
|
|
|
|
|
|
TOTAL
|
44.578 |
37.258 |
27.383 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
11.101 |
9.914 |
4.432 |
|
Capital work-in-progress
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT
|
0.000 |
0.000 |
0.000 |
|
DEFERREX TAX ASSETS
|
0.473 |
0.693 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS &
ADVANCES
|
|
|
|
|
|
|
Inventories
|
7.052
|
12.057
|
10.140
|
|
|
Sundry Debtors
|
40.653
|
37.183
|
20.352
|
|
|
Cash & Bank Balances
|
2.900
|
2.598
|
2.093
|
|
|
Loans & Advances
|
7.012
|
5.989
|
4.838
|
Total Current Assets
|
57.617
|
57.827
|
37.423 |
|
Less :
CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
28.416
|
29.220
|
12.412
|
|
|
Provisions
|
3.759
|
2.956
|
2.059
|
Total Current Liabilities
|
32.175
|
32.176
|
14.471 |
|
Net Current Assets
|
25.442
|
26.651
|
22.951 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
7.562 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
44.578 |
37.258 |
27.383 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Sales Turnover |
75.104 |
71.702 |
60.927 |
|
Other Income |
1.030 |
0.000 |
0.000 |
|
Total Income |
76.134 |
71.702 |
60.927 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
3.804 |
2.406 |
4.103 |
|
Provision for Taxation |
0.610 |
0.611 |
1.503 |
|
Profit/(Loss) After Tax |
3.194 |
1.795 |
2.600 |
|
|
|
|
|
|
Export Value |
6.893 |
4.760 |
NA |
|
|
|
|
|
|
Import Value |
23.243 |
22.143 |
NA |
|
|
|
|
|
|
Total Expenditure |
73.330 |
69.296 |
56.824 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
PAT / Total Income
|
(%)
|
4.19 |
2.50 |
4.26
|
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
5.06 |
3.35 |
6.73
|
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
5.53 |
3.55 |
9.80
|
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.21 |
0.16 |
0.30
|
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
3.25 |
2.26 |
2.13
|
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
1.79 |
1.79 |
2.50
|
LOCAL AGENCY
FURTHER INFORMATION
Fixed Assets
- Tools
- Office Equipments
- Testing Equipments
- Furniture and Fixture
- Vehicles
- Computer
- Plant and Machinery
- Electrical Installations
Form 8:
|
Name of the
company |
SLN TECHNOLOGIES PRIVATE LIMITED No. 887 /889, 4th
Cross, 7th Main, Hal 2nd Stage, Indrira Nagar,
Bangalore-560008, Karnataka, India |
|
Presented
By |
State Bank of India Shivaji Nagar Branch, Bangalore 560025 and SLN Technologies Private
Limited |
|
1) Date and
description of instrument creating the change |
Date : 06.02.99
Regd. 15.02.99 General Agreement for the Grant of SIA and Hypothecation of
Movable, Book debts and other Assets (Working Capital Finance) |
|
2) Amount secured
by the charge/amount owing on the securities of charge |
Rs. 1.000
Millions (C.C.
Hypothecation – Rs. 0.5 millions and C. C. Bills Rec – Rs. 0.500 Millions) DD Purchase –
Cheques / DDS Limit Rs. 0.2 millions (sub limit under Bills Receivable) |
|
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 |
All present and
future Goods, Book debts Movable and other assets of the Borrower including
documents of title to the goods and other assets such as outstanding money,
receivable claims, bills, invoice, documents and securities, contracts
engagements, investments and rights and the machinery and all future
machinery belonging to or in possession of or under the control of the
Borrower wherever lying stored and kept and whether in possession of the
Borrower of the Bank or of any third party whether in India or elsewhere
through out world (Including all such goods, machineries, movables and other
assets as may be in course of shipment, transit or delivery) by way of First Charge. |
|
4) Gist of the
terms and conditions and extent and operation of the charge. |
Rate of Interest: 1.50 % over SBAR with a minimum of 14.5 % plus
Interest Tax of 0.29 % Effective rate 14.79 % p.a. with quarterly rests. Margin: 25 % in all cases. Repayments : On Demand |
|
5) Name and
Address and description of the person entitled to the charge. |
State Bank of
India Shivaji Nagar
Branch, Infantry Road, Bangalore 560025 |
|
6) Date and brief description of instrument
modifying the charge |
Date : 09.03.2001 General Agreement
for the grant of Small Industrial Advances and Hypothecation of Movable, Book
Debts and other assets. (WCF) |
|
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. |
By the above, the
amount secured by the charge stands Increased from Rs. 1.500 Millions to Rs. 3.00
Millions C. C. Hypothecation – Rs. 1.00 Millions B. G. Rs. 0.5 Millions and
C. C. Rec – Rs. 1.500 Millions Rate of Interest:
2 % over SBAR with a minimum of 13.5 % per annum with quarterly rests. Margin: 25 % on
RM / SFG / FG / Bills / B.G. Repayment : On Demand Security of
Goods, Book Debts, other Movable, Machinery, etc already obtained will
continue for the enhanced limit also. All other terms
and conditions remain unchanged. |
|
Corporate identity
number (CIN) Foreign company registration number |
U72200KA1995PTC019250 |
|
Name of the
Company |
SLN TECHNOLOGIES
PRIVATE LIMITED |
|
Address |
No. 889, 4th
Cross, 7th Main, Hal II Stage, Indira Nagar, Bangalore – 560041,
Karnataka, India |
|
This form is for |
Modification of
charge |
|
Type of Charge |
Hypothecation |
|
Particulars of
the charge holder |
State Bank of
India Industrial
Finance Branch, Residency Road, Bangalore – 560025, Karnataka, India |
|
Nature or
description of the instrument(s) creating or modifying the charge |
Supplemental
Agreement of Loan – Cum -
Hypothecation |
|
Date of the
instrument creating or modifying the charge |
16.08.2006 |
|
Amount secured by
the charge |
Rs.36.750
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Original Charge
Dated 16.03.2005 Regd. 03.05.2005 D.55 For Rs.26.500 Millions Breakup of Limits
– CC – Rs.15.000 Millions, SLC – Rs.2.250
Millions LC – Rs.12.000
Millions BG – Rs.7.500
Millions Rate of
Interests: CC/SLC – 13.75% p.a. with periodical rests and at such rate and
rests as may be specified by the Bank from time to time Repayment – on
demand |
|
Short particulars
of the property charged (including location of the property) |
All present and
future stocks, raw materials, goods, stocks of components, book debts,
movable, vehicles and other assets of the borrower including document of
title to goods and other assets such as outstanding moneys, receivable,
claims, bills, invoices, documents and security, contracts, engagement,
investment, right and the existing machinery and all future machinery stored/
kept in the borrower premises or wherever else the same may be is by way of
first charge |
|
Particular of the
present modification |
Amount Increased
from Rs.26.500 Millions to Rs.36.750 Millions Secured Specified in Col No.13
© will cover the entire credit facilities of Rs.36.750 Millions by way of first
charge |
Website Details:
SLN
Technologies, the Knowledge-Creating Company.
In an economy where the only
certainty is uncertainty, the one sure source of lasting competitive advantage is
knowledge. When markets shift, technologies proliferate, competitors multiply,
and products become obsolete almost overnight, successful companies are those
that consistently create new knowledge, disseminate it widely throughout the
organization, and quickly embody it in new technologies and products. SLN
Technologies is one such company whose sole business is continuous innovation.
At SLN they sell not just products and services but a new way of doing
business. They sell innovative products and solutions, which in turn create
business opportunities for their clients. Their mission is to create great
value for their clients.
The strength of
their company lies in their ability to respond quickly to customers, create new
markets, rapidly develop new products, and dominate emergent technologies. The
key to this process is personal commitment, the employees' sense of identity
with the enterprise and its mission. Making personal knowledge available to
others is the central activity of the knowledge creating company. At SLN it
takes place continuously and at all levels of the organization. In the
knowledge-creating company, inventing new knowledge is not a specialized
activity -the province of the R and D department or marketing or strategic
planning. It is a way of behaving, indeed a way of being, in which everyone is
a knowledge worker- that is to say an entrepreneur.
SLN provides its clients with technology that embraces vision and budget. In
planning a company’s future, a solutions provider with the most advanced
technology is looked for. SLN offers such solutions which are intelligently
designed to a company’s needs, taking care of economies of scale that fulfill
both the bottom line and the big picture.
Their
Customers include
- Aeronautical Development Agency (ADA),
Bangalore
- Aeronautical Development Establishment
(ADE), Bangalore
- Advanced Numerical Research and
Analysis Group (ANURAG), Hyderabad
- Bharat Electronics Limited (BEL),
Ghaziabad.
- Combat Vehicles Research and
Development Establishment (CVRDE), Chennai
- Electronics Corporation of India
Limited (ECIL), Hyderabad
- General Motors India , Halol (Gujarat)
- (end customer)
- Aditya Auto Products and Engineering
(I) Private Limited
- Hindustan Aeronautics Limited (HAL),
Hyderabad
- Indira Gandhi Centre for Atomic
Research (IGCAR), Kalpakkam
- ISRO ISAC, ISTRAC, LPSC, MCF.
- Electronics and Radar Development
Establishment (LRDE), Bangalore
- Naval Physical and Oceanographic
Laboratory (NPOL), Kochi
- National Semiconductor (India Design
center) Bangalore
- General Electric, John F. Welch
Technology Centre
- Mind Tree Consulting
- Samsung Electromechanics Limited
- SAGE Design Systems (India) Private
Limited
NEWS AND EVENTS
Symposium on
Advances in Control and Instrumentation (SACI-2005)
A National Symposium
on the Advances in Control and Instrumentation was organized between 21st and
23rd of February 2005 at Mumbai, BARC. The symposium presented SLN an
opportunity to observe the latest research ideas in the field of Control and
Instrumentation. A stall was set up to showcase the Antenna Control Systems
developed by SLN.
Aero India 2005
As a part of the
Aero India 2005, SLN set up a stall to showcase the quantitative and
qualitative growth achieved by the firm over the years. The exhibition held between
the 9th and 13th of February 2005 included several display items that SLN has
developed. The responses and feedback received from various sections of the
industry have been positive.
Indo Crypt
SLN Participated
in the session on Mathematical Algorithms for Encryption, which was held at
Chennai between 18th and 23rd of December 2004. SLN had also a stall in the
event.
Navy-Industry
Convergence
On account of this
occasion, SLN participated in the 2 day Exhibition held between 03rd and 04th
November 2004, on the flight deck of ship IMS Vikrant and derived maximum
mileage from the event.
Indian Printed
Circuit Board Association (IPCA), 2004
SLN participated
in the 3-day exhibition held at Hotel Ashoka, Bangalore. This occasion brought
together various Indian PCB-related industries to showcase their skills and
products. SLN had 10 stalls dedicated to it to showcase various products and
technologies.
IMEC 2004
IMEC, an
International Trade show dedicated to RF and Microelectronics, was held for the
first time in Bangalore, India. SLN participated in this 3-day high profile
event that brought together, under one roof, organizations dealing with PCB and
Microwave technology.
ADVANTECH
SLN participated
in this event, which aimed at advancing E-Automation with Web-Enabled
Technology.
CeBIT 2004, Germany
Participating in
world's biggest ICT Congress featuring over 120 countries, SLN has made rapid
progress in ICT world market by laying foundations for future trends and
strategic business alliances.
NSNI -2004
This event held at
IGCAR, New Town ship Kalpakkam between the 17th and 20th February 2004, saw
SLN's full-fledged participation.
India Soft 2004
SLN participated
in this event, which was held in Hotel Taj, Bangalore, between the dates 10 Feb
2004 to 12 Feb 2004
Defence Expo 2004
The Defence Expo
2004 was held at Pragathi Maidan, New Delhi. The 4-day event held between 4th
and 7th of February 2004 had full participation from SLN. A stall was set up to
throw light on the various products SLN has developed over the year
In-House R & D Units Recognised by DSIR
-- 2005-08-20
During
April-June 2005, the Department of Scientific and Industrial Research has
granted recognition to the In-House R and D units of SLN Technologies Private.
Limited, Bangalore, which is valid upto 31-03-2007
THEIR
PARTNERS
GOEPEL ELECTRONICS
GOPEL electronic
GmbH
Goschwitzer Strabe
58/6007745 Jena, Germany
Phone 49-0- 36
41 - 68 96 - 0
Fax : 49-0-36 41 -
68 96 - 44
E-mail sales@goepel.com
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.42.72 |
|
UK Pound |
1 |
Rs.83.96 |
|
Euro |
1 |
Rs.66.90 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--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 |
|