MIRA
INFORM REPORT
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Inquiry Date : |
13.11.2008 |
IDENTIFICATION DETAILS
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Name : |
TRIMAX IT INFRASTRUCTURE AND SERVICES LIMITED |
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Formerly Known As : |
TRIMAX COMPUTERS LIMITED |
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Registered Office : |
2nd Floor, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
18.08.1995 |
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Com. Reg. No.: |
091944 |
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CIN No.: [Company
Identification No.] |
U30000MH1995PLC091944 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMT10155F |
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PAN No.: [Permanent
Account No.] |
AAACT3858L |
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Legal Form : |
A Closely Held Public Limited Company |
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Line of Business : |
Providing Structured Cabling and Networking Services. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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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Maximum Credit Limit : |
USD 225000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track. Trade
relations are fair. Payments are reported as slow but correct. Profit margin
is under pressure. The company can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Adibh |
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Designation : |
Finance Executive |
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Date : |
15.11.2008 |
LOCATIONS
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Registered Office : |
2nd Floor, Universal Mill Building, Asha Usha, Compound,
Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai - 400079, Maharashtra,
India |
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Tel. No.: |
91-22-40681000 |
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Fax No.: |
91-22-40681001 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Corporate Office 1 : |
16, |
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Tel. No.: |
91-22-23820248 |
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Fax No.: |
91-22-23823348 |
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Corporate Office 2 : |
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Tel. No.: |
91 - 22 -
23526464, 23526151, 2352 61 51,2352 61 52 |
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Branch Offices : |
AMERICA 828 Greenbier
Parkway, Chesapeake V A 23320 (USA). Contact Person:
Vivek Kamath Tel :- 757 - 685
6633
EUROPE
Contact Person:
Gopal Kamath Tel :- +31 -
6204 45834 ASIA
PACIFIC 2nd Floor,
Universal Mill Bldg, Asha Usha Compound, Mehra State, LBS Road,
Vikhroli[West], Mumbai 400 079. (INDIA) Contact Person:
Haresh Thakkar Tel :-91 - 22 -
2352 6464 MIDDLE
EAST 212 ? Daral
Karama Bldg., Opp. Khaleej Apartments, Karama, Dubai. (UAE). Contact Person:
Kanak Madrecha Tel :- +31 -
6204 45834 SINGAPORE
Trimax IT
Infrastructure and Services Pte. Limited Tel No. :- (65)
629 - 82241 CHINA Liejun Building Flat
no. 3005, Shenan Road, Futian Shenzhen China. Contact Person:
Mr. Praveen Kumar TelFax No. :-
008675583741602 AHMEDABAD A-106, Nilkanth Palace, Opp. Seema Hall,
Satellite, Satellite Road, 100 Feet, Ring Road, Ahmedabad 380015.(INDIA) Contact Person: Mr. Jigar Sompura (Business
Development Manager) Tel :-
91-79-40067968 BANGALORE No. 359, 7th
Cross, 1st Block, Madhavan Park, Jayanagar, Bangalore 560011. Contact Person:
Kaviyarasu Prakasa Velu (Business Development Manager) Tel :-
91-80-41609299 / 2657991 CHANDIGARH
C126, Industrial
Estate, Phase-8, Mohali, Punjab. Contact Person:
Suresh Kumar Sharma (Business Development Manager) Mobile :-91-
9888646555 CHENNAI Old No. 29, New No. 8, Cross Street, Lanbert
Nagar, Virugam Bajam, Chennai 600092. Contact Person:
Mr. Anil Kumar (Area Manager Sales) Tel
:-+91-9381555100. COIMBATORE
270/18, Sri Balaji Complex, 1st Floor, 7th
Street Extension, Gandhipuram,
Coimbatore 641012. Contact Person:
K Mohan (Branch Manager) Tel :- 91-422 –
2520194 DELHI 1st Floor, Santram Complex,L-3, Street No.1,
Mahipalpur Extension, New Delhi-37, Contact Person: Mr. Ashit Biswas
( Regional Manager) Mobile:
91-9971493995. Mr. Hamendra
Bansal ( Regional Sales Manager) Mobile:
91-9818599589. GURGAON U-15 21/22, DLF
Phase III, Gurgaon, Harayana. Contact Person:
Mr. Prasad Hegde (Service Delivery Manager) Mobile :-91-9818
207788. HYDERABAD No. 302, 3rd Floor, Raghava Ratna Tower,
Chirag Ali Lane, ABIDS, Tel :-91-9848470509
JAIPUR 846, Opp. Tiwari
Ji Ka Bagh, Aacharya Kriplani Marg, Adarsh Nagar, Jaipur. Contact Person:
Mr. Vivek Jain (Regional Manager Sales) Tel :-
91-0141-5121113 PUNE
First Level,
Barve Memorial Complex, Junglee Maharaj Road, Pune 400 005. Contact Person:
Mr. Mukesh (Business Development Manager) Tel:91-20-25510646 |
DIRECTORS
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Name : |
Mr. Suryaprakash Madrecha |
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Designation : |
Director |
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Address : |
22, Maniyar Buildings, B – Wing, 3rd Floor, Tardeo, Mumbai –
400 034, Maharashtra, India |
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Date of Birth/Age : |
26.02.1972 |
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Date of Appointment : |
18.08.1995 |
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Name : |
Mrs. Meena Madrecha |
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Designation : |
Director |
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Address : |
22, Maniyar Buildings, B – Wing, 3rd Floor, Tardeo, Mumbai –
400 034, Maharashtra, India |
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Date of Birth/Age : |
28.03.1974 |
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Date of Appointment : |
27.02.1997 |
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Name : |
Mr. Sunil Madrecha |
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Designation : |
Director |
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Address : |
Flat No. 8, Rajhans – 2, Kalash Udyan, Sector – 11, Koperkhairne, Navi
Mumbai – 400 709, Maharashtra, India |
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Date of Birth/Age : |
10.12.1960 |
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Date of Appointment : |
07.10.2003 |
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Name : |
Mr. Chandraprakash Madrecha |
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Designation : |
Director |
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Address : |
22, Maniyar Buildings, B – Wing, 3rd Floor, Tardeo, Mumbai
– 400 034, Maharashtra, India |
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Date of Birth/Age : |
20.06.1972 |
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Date of Appointment : |
27.11.2006 |
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Other Directorship : |
CIN of Company: U30000MH2006PTC159087 Name of the company: Pratik Technologies Private Limited Designation: Director |
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Name of Sole Proprietorship Firm : |
Tricomp Address: 11, Pandit Rammohan Rai Road, Off. Pawwala Strret, Mumbai –
400 004, Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.06.2007
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Names of Shareholders |
No. of Shares |
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Suryaprakash Madrecha |
92600 |
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Meena Madrecha |
51400 |
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Chandraprakash Madrecha |
72500 |
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Reena Madrecha |
32300 |
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Sunil Madrecha |
1000 |
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Rajendra Mehta |
100 |
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Hastimal Mehta |
100 |
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Kirit Shah Securities Private Limited |
9000 |
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Sanghvi Pharmaceuticals (India) Private Limited |
10000 |
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Kailash Chavan |
13500 |
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Pratik Technologies Private Limited |
330000 |
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Shrey Technologies Private Limited |
395000 |
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Benco Finance and Investment Private Limited |
500000 |
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Suvidha Securities Private Limited |
1000000 |
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Warner Multimedia Limited |
500000 |
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Total |
3007500 |
As on 29.03.2007
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Names of Allottees |
No. of Shares |
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Pratik Technologies Private Limited |
130000 |
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Total |
130000 |
As on 31.03.2006
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Names of
Allottees |
No.
of Shares |
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Pratik Technologies Private Limited |
200000 |
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Shrey Technologies Private Limited |
395000 |
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Elora Sales and Marketing Private Limited |
500000 |
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Ozonetek Trading Company Private Limited |
500000 |
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Ethical Mercantile Private Limited |
500000 |
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K. Squire Mercantile Private Limited |
500000 |
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Total |
2595000 |
As on 11.06.2007
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Structured Cabling and Networking Services. |
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Terms : |
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Selling : |
Depends |
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Purchasing : |
L/C and Cash |
GENERAL INFORMATION
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Customers : |
Corporate |
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No. of Employees : |
200 (In office) |
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Bankers : |
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Facilities : |
Secured Loans :
Unsecured Loans :
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sampat Khurdia Chartered Accountants |
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Address : |
3003, Doll Apartments, Bhatt Lane, Near Poisar Depot, Kandivali (West),
Mumbai – 400 067, Maharashtra, India |
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Associates/Subsidiaries : |
Pratik Technologies Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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3007500 |
Equity Shares |
Rs.10/- each |
Rs.30.075
millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2008
(Approximately) |
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Sales Turnover (Estimated) |
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1100.000 |
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Expected Sales (2008-09): Rs.2190.000 millions
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
30.075 |
28.775 |
2.500 |
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2] Share Application Money |
0.120 |
0.120 |
1.120 |
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3] Reserves & Surplus |
14.738 |
7.959 |
2.225 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
44.933 |
36.854 |
5.845 |
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LOAN FUNDS |
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1] Secured Loans |
21.375 |
10.022 |
3.438 |
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2] Unsecured Loans |
0.813 |
0.885 |
0.886 |
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TOTAL BORROWING |
22.188 |
10.907 |
4.324 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
67.121 |
47.761 |
10.169 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
16.255 |
11.118 |
0.750 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
4.938
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2.655 |
1.059 |
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Sundry Debtors |
73.089
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97.420 |
15.829 |
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Cash & Bank Balances |
3.155
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0.195 |
5.294 |
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Other Current Assets |
6.525
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1.198 |
0.500 |
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Loans & Advances |
2.565
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1.502 |
1.076 |
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Total
Current Assets |
90.272
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102.970 |
23.758 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
35.502
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64.748 |
13.827 |
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Provisions |
3.904
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1.579 |
0.512 |
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Total
Current Liabilities |
39.406
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66.327 |
14.339 |
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Net Current Assets |
50.866
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36.643 |
9.419 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
67.121 |
47.761 |
10.169 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
01.05.2005 to 31.03.2006 |
01.05.2004 to
30.04.2005 |
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Sales Turnover |
332.727 |
204.327 |
162.129 |
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Other Income |
0.030 |
0.014 |
1.798 |
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Total Income |
332.757 |
204.341 |
163.927 |
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Profit/(Loss) Before Tax |
10.427 |
4.389 |
1.631 |
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Provision for Taxation |
3.649 |
1.579 |
0.512 |
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Profit/(Loss) After Tax |
6.778 |
2.810 |
1.119 |
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Imports : |
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Raw Materials |
286.096 |
176.183 |
NA |
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Total Imports |
286.096 |
176.183 |
NA |
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Expenditures : |
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Raw Material Consumed |
286.096 |
176.183 |
149.763 |
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Salaries, Wages, Bonus, etc. |
7.888 |
8.842 |
3.238 |
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Payment to Auditors |
0.112 |
0.028 |
0.047 |
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Interest |
1.254 |
0.551 |
0.722 |
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Insurance Expenses |
0.029 |
0.019 |
0.000 |
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Power & Fuel |
0.319 |
0.233 |
0.000 |
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Depreciation & Amortization |
0.944 |
0.311 |
0.154 |
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Other Expenditure |
25.688 |
13.785 |
8.372 |
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Total Expenditure |
322.330 |
199.952 |
162.296 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
2.04
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1.38 |
0.68 |
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Net Profit Margin (PBT/Sales) |
(%) |
3.13
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2.15 |
1.01 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
9.79
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3.85 |
6.65 |
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Return on Investment (ROI) (PBT/Networth) |
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0.23
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0.12 |
0.28 |
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Debt Equity Ratio (Total Liability/Networth) |
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1.37
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2.10 |
3.19 |
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Current Ratio (Current Asset/Current Liability) |
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2.29
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1.55 |
1.66 |
LOCAL AGENCY FURTHER INFORMATION
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Name of the company |
TRIMAX COMPUTERS PRIVATE LIMITED |
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Presented By |
Jointly by
Company and Charge holder |
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1) Date and description of instrument creating the change |
Dated 04.12.2004
(all the above
agreements constitute a single charge) |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.5.000 millions
1. Cash Credit
(Misc.) - Rs.4.000 millions 2. Bank Guarantee
– Rs.1.000 million Total = Rs.5.000
millions |
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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 |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest
@3.25% p.a. OPLR and minimum @14.25% p.a. subject to change other terms and
conditions same as per the agreement and as per banks sanction letter. |
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5) Name and Address and description of the person entitled to the charge. |
Vijaya Bank,
Worli Branch, G – 4, Poonam Chambers, Dr. Annie Besant Road, Worli, Mumbai –
400018, Maharashtra, India |
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6) Date and brief description of instrument modifying the charge |
NA |
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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 |
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This form is for |
Modification of
charge |
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Charge
identification number of the modified |
10064145 |
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Corporate
identity number of the company |
U30000MH1995PLC091944 |
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Name of the
company |
TRIMAX IT INFRASTRUCTURE AND SERVICES LIMITED |
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Address of the registered
office or of the principal place of
business in India of the company |
2nd Floor, Universal Mill Building, Asha Usha, Compound,
Mehra Estate, L.B.S. Road, Vikhroli (West), Mumbai - 400079, Maharashtra,
India |
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Type of charge |
Immovable Property Book Debts Movable Property Others (Stocks
and Receivables) |
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Particular of
charge holder |
The Hong Kong and
Shaghai Bank Corporation Limited 52/ 60, Mahatma
Gandhi Road, Mumbai – 400 001, Maharashtra, India E-Mail: lakshmiravidran@hsbc.co.in |
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Nature of
description of the instrument creating or modifying the charge |
Memorandum of
confirmation of pari passu arrangement dated 28.01.2008. |
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Date of
instrument Creating the charge |
28.01.2008 |
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Amount secured by
the charge |
Rs.50.000
millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
Interest shall be payable by the company on the banking facilities as per
banks tariff, subject however that the bank shall have the right to change
the rate of interest after giving notice to the company. Terms of
Repayment: In consideration of banking facilities sanctioned/ to be
sanctioned by the bank to the company, the company has hypothecated and
charged to the bank by way of first charge as a continuing security, the
assets mentioned in the Memorandum of Confirmation of pari passu arrangement
to secure the repayment of the advances together with interest cost and all
other charges. Margin: The
company shall maintain such margin as may be specified by the bank from time
to time. Extent and
Operation of the charge: State bank of Hyderabad, Yes Bank Limited and HSBC
Bank have agreed inter se for the sharing of securities, namely company’s
stock of raw material, stock in process, finished goods, stores and spares,
book debts and movable assets, fixed assets, both present and future, pari
passu first charge basis for due repayment of following credit facilities,
viz State bank of Hyderabad : Rs.146.000 millions, Yes Bank : Rs.50.000
millions and HSBC : Rs.50.000 millions. |
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Short particulars
of the property charged |
First charge on stocks,
book debts, fixed assets and immovable properties of the company and the
immovable property at Mahalaxmi, Mumbai |
Increase in
Authorises Share Capital:
During the year, the company has increased authorized share capital of the company from Rs.30.000 millions to Rs.60.000 millions as per special resolution passed by in extra ordinary general meeting of shareholders held on 29.03.2007 and got approved from registrar of companies Maharashtra.
Increase in Issued
and Paid up Share Capital:
During the year, the company has issued 130000 equity shares of Rs.10/- each fully paid up.
FIXED ASSETS:
- Office Equipment
- Computers and Laptops
- Plant and Machinery
- Furniture and Fixture
- Telephone Equipment
- Office Vehicle
WEBSITE DETAILS:
A group of dedicated people who are committed to outlive customer expectations since 1995. They at Trimax stay motivated to achieve excellence through dedicated team work. They take keen interest and responsibility in providing efficient solutions and services at affordable prices, catering diverse solutions and support with the help of 1500 qualified technical professionals for the various industries in and around.
They've discovered a lot of other new areas, and grown manifold since its inception by offering various new and value added products to the client's in different segments. That's probably why they've been qualified to provide IT services to some of the countries most prestigious organizations, call centers, BPO and large government enterprises.
The close association with world's renowned IT companies like HP, IBM, Acer, Nortel, Juniper, CISCO, RAD, Microsoft, Systimax, ADC Krone, Emerson with the PAN India presence keeps them way ahead of the competition.
PROFILE:
- Systems Integrator and IT FMS Company, incorporated in the year 1992.
- Commenced operation by providing total IT products, solution and services.
- Operates from 8 regional offices in India, with across the country service and support facilities.
- Empanelled system integrator for Bharat Sanchar Nigam Limited
- Extended business presence to the dynamic space of contact centers and BPOs by providing entire IT Infrastructure Facility Management Services and Products.
- Integrator for providing WAN solution on BSNL’s MPLS-VPN network.
- Accredited with the prestigious ISO 9001 2000 quality certification.
- The growth of Trimax is synonymous with the evolution of call centers and the BPO and telecom industry in the country, keeping pace with changing technology, the world over and providing error free services.
- Recognized by international call centers and BPOs, as their trusted IT vendor for products and services.
INDIA PRESENCE:
SUPPORT LOCATIONS
- MUMBAI(HO)
- DELHI
- GURGAON
- NOIDA
- JAIPUR
- FARIDABAD
- CHENNAI
- BANGALORE
- KOLKATTA
- HYDERABAD
- COIMBATORE
- PUNE
- NASHIK
- SATARA
- AMEDABAD
- RAJMUNDARY
- SECUNDARABAD
- VISHAKHAPATNAM
- JAMMU
- FARIDABAD
- SRINAGAR
- HUBLI
- MANGALORE
- MOHALI
- INDORE
- SHIMLA
- GUHATI
- SILLIGURI
- PATNA
- RANCHI
- TRICHY
- MADURAI
- LUDHIANA
- TRIVENTRAUM
- THRISSUR
- KOZIKODE
- KOTTAYAM
- KOCHI
- MYSORE
- BHUBANESWAR
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.49.68 |
|
UK Pound |
1 |
Rs.74.64 |
|
Euro |
1 |
Rs.62.58 |
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 |
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 |
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 |
|