MIRA
INFORM REPORT
|
Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SFA TECHNICAL
CREATIONS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
234G, Gnanagiri
Road, Sivakasi – 626189, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
26.03.2004 |
|
|
|
|
Com. Reg. No.: |
18-17219 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U65991TN2005PTC017219 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MRIS01735G |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of
Readymade Garments for Export. |
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 136300 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well
established and reputed company having satisfactory track records. Directors
are reported as experienced and respectable businessmen. Trade relations are
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. |
LOCATIONS
|
Registered Office : |
234G, Gnanagiri
Road, Sivakasi – 626 189, Tamilnadu, India |
|
Tel. No.: |
91-4562-2227590/ 2227661 |
|
Fax No.: |
91-4562-2227661 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office/ Factory : |
118/2, Velayutham Road, Sivakasi - 626 123, Tamilnadu,
India |
|
Tel. No.: |
91-4562-227660, 221588, 227589, 226588 |
|
Fax No.: |
91-4562-227552, 227931 |
|
E-Mail : |
|
|
|
|
|
Factory : |
No. 9, Venkatesha
Nagar, 1ST Street, Virugambakkam, Chennai – 600092, Tamilnadu |
|
Tel. No.: |
91-44-23763458 |
|
Fax No.: |
91-44-23763459 |
|
|
|
|
Product
Development Research Center : |
Rain Tree Place, 1st
Floor, 7, MC Nichols Road, Chetpet, Chennai - 600 031, Tamilnadu, India. |
|
Tel. No.: |
91-44-28363014/ 32900759 |
|
Fax No.: |
91-44-42138804 |
|
E-Mail : |
customer@sfa.co.in |
|
|
|
|
Sales Branches : |
Located at: · Bangalore · Hyderabad · Chennai · Kolkata · Coimbatore · Mumbai · Gujarat · Goa · Kerala · New Delhi · Orissa |
|
|
|
|
Overseas Sales Branch: |
Located at: · UK · Sri Lanka · Singapore · Malaysia · USA · Canada · East Africa · Kenya · Tanzania · South Africa · Australia |
DIRECTORS
|
Name : |
Mr. Chockalingam
Jagdish Kumar |
|
Designation : |
Managing
Director |
|
Address : |
234-G, Gnanagiri
Road, Sivakasi – 626 189, Tamilnadu, India |
|
Date of Birth/Age : |
09.05.1975 |
|
Date of Appointment : |
26.03.2004 |
|
|
|
|
Name : |
Mrs. J. Uma Meenakshi |
|
Designation : |
Director |
|
Address : |
234-G, Gnanagiri
Road, Sivakasi – 626 189, Tamilnadu, India |
|
Date of Birth/Age : |
05.11.1974 |
|
Date of Appointment : |
26.03.2004 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 31.03.2007)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mr. C Jagdish
Kumar |
|
1291500 |
|
Mrs. J. Uma Meenakshi |
|
25500 |
|
Mr. R. Chockalingam |
|
100000 |
|
Mr. C Thangeswari |
|
65000 |
|
Mr. S. Manjula |
|
18000 |
|
Srinivas Fine Arts (Private) Limited |
|
300000 |
|
Silver Spring Spinners (India) Private Limited |
|
80000 |
|
|
|
|
|
Total |
|
1880000 |
(As on 31.03.2007)
|
Names of Shareholders |
|
Percentage |
|
|
|
|
|
Directors or
Relatives of Directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Readymade Garments for Export. |
|
|
|
|
Products : |
Readymade
Garments |
|
|
|
|
Imports : |
|
|
Products : |
All Products |
|
Countries : |
Korea |
|
|
|
|
Terms : |
|
|
Purchasing : |
On L/C basis |
GENERAL
INFORMATION
|
Customers : |
· Banks · Insurance Companies · Cement Industries · Textile Industries · Pharmaceutical Industries · Publishing · IT / Cellular / Bio-Tech Industries · Educational Institutes · Petroleum Industries · FMCG · Other
Manufacturing Industries |
|
|
|
|
Bankers : |
· State
Bank of India Sudar Complex, 11, Velayutham Road, Sivakasi 626 123,
Tamilnadu, India |
|
|
|
|
Banking
Relations : |
Satisfactory |
|
|
|
|
Auditors : |
|
|
Name : |
Shenbagamoorthy and Company Chartered Accountants |
|
Address : |
51 chairman A Shunmugam Road, Sivakasi – 626123, Tamilnadu, India |
|
|
|
|
Subsidiaries : |
SFA
Living Gems Private Limited S.No.1447/1, Kansapuram
Village, Line of Business - Ornamental
Fish Farm Silver Spring Spinners India Private Limited S.No.136 & 137, Malli
& Mullikulam village, Line of Business – Combed
Knitting and Weaving Yarn Rose Flower Company (Papers) Private Limited 35-O,Velayutham Road,
Sivakasi-626 123. Fax : 91-4562-220033 Line of Business – Dealers for
ITC Limited Speciality Paper & Boards Private Limited New No.23 (Old No.11),
Anderson street, Chennai–600 001. Line of Business – Speciality
Grade Paper Supplier Glory
Colours 118/2, Velayutham Road, Line of Business – Dealer of Colour Chem |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
175000 |
Equity Shares |
Rs. 100/- each |
Rs. 17.500 millions |
|
75000 |
Preference Shares |
Rs. 100/- each |
Rs. 7.500 millions |
|
|
|
|
|
|
|
Total |
|
Rs. 25.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs. 100/-
each |
Rs. 15.000
millions |
|
38000 |
Preference Shares |
Rs. 100/-
each |
Rs. 3.800
millions |
|
|
|
|
|
|
|
Total |
|
Rs. 18.800 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
18.800 |
2.000 |
1.000 |
|
|
2] Share Application Money |
0.000 |
9.350 |
0.000 |
|
|
3] Reserves & Surplus |
15.273 |
0.045 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.145) |
|
|
NETWORTH |
34.073 |
11.395 |
0.855 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
36.049 |
0.011 |
0.000 |
|
|
2] Unsecured Loans |
0.159 |
0.000 |
1.727 |
|
|
TOTAL BORROWING |
36.208 |
0.011 |
1.727 |
|
|
DEFERRED TAX LIABILITIES |
0.071 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
70.352 |
11.406 |
2.582 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
68.180 |
4.382 |
2.254 |
|
|
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 |
2.471 |
2.467 |
0.070 |
|
|
Sundry Debtors |
0.020 |
0.000 |
0.115 |
|
|
Cash & Bank Balances |
8.157 |
1.232 |
0.125 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
4.830 |
1.273 |
0.000 |
|
Total
Current Assets |
15.478 |
4.972 |
0.310 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
13.507 |
0.558 |
0.101 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
13.507 |
0.558 |
0.101 |
|
|
Net Current Assets |
1.971 |
4.414 |
0.209 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.201 |
2.610 |
0.119 |
|
|
|
|
|
|
|
|
TOTAL |
70.352 |
11.406 |
2.582 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.46 |
1.05 |
2.14
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
8.91 |
3.07
|
LOCAL AGENCY
FURTHER INFORMATION
FORM 8
|
Name of the company |
SFA TECHNICAL
CREATIONS PRIVATE LIMITED |
|||||||||||||||||||||||||||||||
|
Presented By |
Mrs. J. Uma Meenakshi |
|||||||||||||||||||||||||||||||
|
1) Date and description of instrument creating the change |
Form C2 – Agreement of hypothecation of goods and assets dated 19.01.2005 Form C5 – Letter regarding the grant of individual limits within the overall limit dated 19.01.2005 EM Confirmation letter for creation of EM on the property on 19.01.2005 |
|||||||||||||||||||||||||||||||
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 3.000 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 |
Primary Security: Hypothecation of stocks and receivables and bills in course of collection. Collateral Security: 1. Punja land measuring about 2 acres 12 cents i.e. 0-86-0 htres bearing S. No. 285/1 (Patta No. 646) in Kariseri Village within the jurisdiction of Virudhnuagar registration district, Thiruthangal sub-registration. 2. Punja land measuring 46 cents i.e. 0-85-0 htres bearing S. No. 284/3A (Patta No. 646) in Kariseri Village within jurisdiction of Virudhunagar registration district, Thiruthangal sub-registration. The above mentioned 1 and 2 items of land are has within the limit of Mathiseni Village Panchayat and Sivakasi Panchayat Union. 3. Punja land measuring 2 acres 66 cents i.e. 0-08-0 htres bearing S. No. 223/1 (Patta No. 2094) in Ondipulinayakanur Village within the jurisdiction of Virudhunagar registration district, Virudhunagar Joint I sub-registration. 4. Punja land measuring 88 cents i.e. 0-35-5 htres bearing S. No. 226/1 (Patta No. 2094) in Ondipulinayakanur Village within the jurisdiction of Virudhunagar registration district. 5. Punja land measuring 75 cents out of western portion of total extent of acre 1.47 i.e. 0-59-5 htres bearing S. No. 224/2 (Patta No. 2094) in Ondipulinayakanur Village within the jurisdiction of Virudhunagar registration district. 6. Punja land measuring 77 cents out of western portion of total extent of acre 1.52 i.e. 0-61-5 htres bearing S. No. 224/1 (Patta No. 2094) in Ondipulinayakanur Village within the jurisdiction of Virudhunagar registration district. |
|||||||||||||||||||||||||||||||
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Limits Sanctioned
Rate of Interest: Interest on EPC Advance will be charged at 3.15% below SBAR minimum 7.10% p.a. provided EPC availed is liquidated within 180 days. Above 180 days and upto 270 days – 10.10% Above 270 days – Applicable CC Interest Rate. Margin: Raw Material – 25% Stock-in-Trade – 25% Finished Goods – 25% |
|||||||||||||||||||||||||||||||
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of India Sudar Complex, 11, Velayutham Road, Sivakasi 626 123 |
|||||||||||||||||||||||||||||||
|
6) Date and brief description of instrument modifying the charge |
1. Letter of arrangement dated 11.08.2005 – SME – 1 2. Agreement of loan cum hypothecation dated 11.08.2005-SME-2 3. Link letter dated 11.08.2005 – SME – 12 4. Memorandum for recording extension of mortgage by deposit of title deeds covering enhanced limits and or creation of equitable mortgage on additional properties for existing limits and enhanced limits and additionsl facilities dated 11.08.2005-SME-7 |
|||||||||||||||||||||||||||||||
|
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. |
Enhancement of working capital limit from Rs. 3.000 million to Rs. 7.000 million as detailed follows:
Primary Security:
Collaterial Security:
Rate of Interest: Interest on EPC Advanced will be charge at 3.15% below SBAR minimum 7.10% p.a. Margin: Raw Material – 25% Stock-in-Process – 25% Finished Goods – 25% Letter of Credit – 25% Bank Guarantee – 25% All other terms and conditions and charge on assets other than those mentioned above holds goods as per the original creation of charge. |
|||||||||||||||||||||||||||||||
|
This form is for |
Modification of
charge |
|
Whether charge is modified in favour of asset reconstruction company (ARC) of assignee |
No |
|
Charge Identification (ID) number of the charge to be modified |
80018365 |
|
Corporation identity number (CIN) or foreign company registrations number of the company |
U65991TN2005PTC017219 |
|
Name of the company |
SFA TECHNICAL
CREATIONS PRIVATE LIMITED |
|
Address |
234G, Gnanagiri
Road, Sivakasi – 626 189, Tamilnadu, India
|
|
Type of Charges |
Immovable
property, book debts, movable property |
|
Whether consortium finance is involved |
No |
|
Whether joint charge involved |
No |
|
Number of charge holder(s) |
1 |
|
Particular of the charge holder |
State Bank of India Sudar Complex, 11, Velayutham Road, Sivakasi 626 123 |
|
Nature or description of the instrument creating or modifying the charge |
Agreement of loan for overall limit in form C1 Agreement of hypothecation of goods and assets in form C2 Agreement of pledge of goods and assets in form C3 Letter regarding the grant of individual limits within the overall limit in form C5 |
|
Date of the instrument creating charge |
09.11.2006 |
|
Whether charge created or modified outside India |
No |
|
Amount Secure by the charge |
Rs.
115.000 millions |
|
Brief particulars of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: CC and Term Loan: 1.5% below SBAR effective rate being 9.5% p.a. Export Packing Credit: 2.75% below SBAR effective rate being 8.25% p.a. Terms of repayment: proposed term loan repayable in 24 quarterly installments commencing from the quarter beginning October, 2008 Working capital limits repayable on demand Margin: 25% for raw material, stock-in-process and finished goods 50% for consumable and spares 40% for book debts and receivables 32.80% for building, plant and machinery 25% for letter of credit 10% for bank guarantee Extent and operation of the charge: exclusive charge to the charge holder Others: corporate guarantee of Srinivas Fine Arts Private Limited, Sivakasi Extension / creation of equitable mortgage over Punja land measuring 34.22 acres situated in various survey nos at Kariseri village and Ondippulinaickanur village |
|
Short particulars of the Property charged |
34.22 acres of Punja land situated at various survey nos at Kariseri village and Ondippulinaickanur village |
|
Whether any of the property or interest therein under reference is not registered in the name of the company |
No |
|
Date of latest modification prior to the present modification |
12.09.2005 |
|
Particulars of the present modification |
Overall limit enhanced from Rs. 7.000 millions to Rs. 115.000 millions vide SBI sanction letter no Agm/Adu/64 dated 03.11.2006 |
AS PER WEB:
Group Companies
SFA Technical Creations (Private)
Limited,-Workwear/Protective Clothing Business
As one of the innovative Group Companies of SFA, SFA Technical Creations (Private) Limited, is a Garment Manufacturing Company with uniqueness of focusing on the Functional & Performance Clothing where quality & design plays a more important role. They manufacture garments catering to workwear, protective clothing, service industry clothing, image wear and special finished casual wears.
Contact
Details
Sivakasi
SFA Technical Creations (Private) Limited
118/2, Velayutham Road, Sivakasi - 626 123.
Telephone : 91-4562-227660, 221588, 227589.
TeleFax : 91-4562-227552, 227931.
E-mail : techcreations@sfa.co.in
Chennai
SFA Technical Creations (Private) Limited
# 9, Venkatesha Nagar, 1st Street, Virugambakkam, Chennai-92
Telephone : 91-44-23763458
SFA Living gems is involved in Hi-Tech closed system ornamental fish farm which is first of its kind in India.
Factory
Address :
SFA Living Gems (Private) Limited
S.No.1447/1, Kansapuram Village, Virudhunagar District, India
Telephone : 91-9344272264
Silver Spring Spinners India (Private) Limited, is engaged on Producing High Quality Yarns.
Cotton Ring Spun :
100% Combed Knitting and Weaving yarn
Count range => Ne 40 to Ne 80 (single/twisted)
Elite Compact yarn:
100% Combed Knitting or Weaving Elite compact yarn
Count range => Ne 40 to Ne 80 (single/twisted)
New products in pipe line:
Flame retardant ring spun yarns(single/twisted)
Technical yarns from Polyester, Viscose, Aramids, Acrylic, Polypropylene and
blended ring spun yarns.
Capacity:
Current capacity of Silver Spring is about 2000 tons/annum.
Factory
Address :
Silver Spring Spinners India (Private) Limited
S.No.136 & 137, Malli & Mullikulam village, Malli Post - 626141. India
Tel.: 91-4563-281540, 281720, 281721
Telefax : 91-4563-281543
Email : sri.textiles@sfa.co.in
Rose Flower Company (Papers) Private Limited is one of India’s leading Paper distribution house. They are wholesale Dealers for ITC Limited (Paper Boards & Specialty Papers Division)
They have specialized in supplying Packaging and Graphic Boards, Specialty Boards as well as Specialty Papers Manufactured by ITC (PSPD) to a range of Consumers, Printers and Converters.
RFCPL has its operations in Tamil Nadu and Karnataka. Their strong position in the competitive market place is a tribute to the solid relationship they share with one of Asia’s largest Paper & Paper Boards Manufacturer as well with a wide range of Customers.
Contact
Details
Sivakasi
Rose
Flower Company(Papers) Private Limited
35-O,Velayutham Road, Sivakasi-626 123.
Tel: 91-4562-227128, 220876
Fax : 91-4562-220033
E-mail: rfcsvk@satyam.net.in
Speciality Paper & Boards Private Limited is a Company providing solution to specific requirements of Specialty grade of Paper to Consumers in South India.
SPBPL represent M/S Ballarpur Industries Limited–Unit Bhigwan, which Manufactures international quality of Coated Paper and Boards. They market these products in Tamil Nadu.
As the name indicates, they specialize in tailor made products like Carbonless Paper from Glatfelter, USA (formerly part of Meadwest Vaco).
One time Carbon Base Paper and White Tissue Paper for Dip Dying and for packaging in Garment Industry and Shoe Packing.
Color Copier paper from Mondi, Austria, and a range of book binding products from Favini.
Contact
Details
Chennai
Speciality Paper & Boards Private Limited
New No.23 (Old No.11), Anderson street, Chennai–600 001.
Tel: 91-44-25383007, 25382509, 25364706, 25391901 to 04
Fax: 91-44-25391905
E-mail: admin@specialitypapers.com
Glory Colours doing distributorship of inks and pigments for world-renowned corporates like BASF, Color-Chem and Hoechst.
Contact
Address :
Glory Colours,
118/2, Velayutham Road, Sivakasi - 626 123.
Tel.: 91-4562-227660, 221588, 227589.
Tele Fax : 91-4562-227552, 227931.
E-mail : glory@sfa.co.in
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.42.59 |
|
UK Pound |
1 |
Rs.84.16 |
|
Euro |
1 |
Rs.65.99 |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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. |
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 |
|