MIRA
INFORM REPORT
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Report Date : |
02.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRICOLITE ELECTRICAL INDUSTRIES LIMITED |
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Registered Office : |
V 325, Rajouri Garden, Delhi-110027 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
19.03.1987 |
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Com. Reg. No.: |
55-27351 |
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CIN No.: [Company
Identification No.] |
U74999DL1987PLC027351 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELT00751C |
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PAN No.: [Permanent
Account No.] |
AAACT0401H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business : |
Manufacturer, Exporter and Importer of Electrical Instruments like
Switchear and Panels and Bays |
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 480000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track.
Trade relations are fair. Financial position is good. Payments are correct
and as per commitments. It can be considered good for normal business dealings at usual trade
terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. S N Singh |
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Designation : |
Assistant Marketing Manager |
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Contact No.: |
91-9818099121 |
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Date : |
30.09.2008 |
LOCATIONS
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Registered Office : |
V 325, Rajouri Garden, Delhi-110027, India |
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Mobile No.: |
91-9818099119 |
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E-Mail : |
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Website : |
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Area : |
2000 sq. mtr ( Owned) |
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Factory / Branch Office : |
18/A, Site IV, Industrial Area , Sahidabad- 201010 Uttar Pradesh,
India |
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Tel. No.: |
91-120-2895101 |
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Fax No.: |
91-120-2896111 |
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E-Mail : |
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Area : |
3000 sq.yards (Owned) |
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Branch office and Factory : |
Plot No. 142, SectorV, Mamesar-122050, India |
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Tel. No.: |
91-124-4367160 |
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Fax No.: |
91-124-4367154 |
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Area : |
5000 sq yards (Owned) |
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Branch/Factory : |
70/ Najht Road, Kirti Nagar
Industrial Area, New Delhi-110015, India |
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Area : |
1000 Gaj (Owned) |
DIRECTORS
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Name : |
Mr. Gautam Kumar |
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Designation : |
Director |
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Address : |
V-325, Rajouri Garden, New Delhi-110027, India |
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Date of Birth/Age : |
04.09.1955 |
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Qualification : |
Chartered Accountant |
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Date of Appointment : |
19.03.1987 |
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Name : |
Mr. Amitabh Nangia |
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Designation : |
Director |
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Address : |
35/78, Punjabi Bagh, New Delhi-110026, India |
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Date of Birth/Age : |
14.05.1954 |
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Qualification : |
Chartered Accountant |
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Date of Appointment : |
19.03.1987 |
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Name : |
Mr. Abhishek Nangia |
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Designation : |
Director |
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Address : |
35/78, Punjabi Bagh, New Delhi-110026, India |
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Date of Birth/Age : |
29.02.1980 |
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Qualification : |
M.B.A |
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Date of Appointment : |
06.08.2005 |
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Name : |
Mrs. Meera Kumar |
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Designation : |
Director |
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Address : |
V-325, Rajouri Garden, New Delhi-110027, India |
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Date of Birth/Age : |
22.10.1981 |
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Qualification : |
M.B.A ( HR) |
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Date of Appointment : |
06.08.2005 |
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Name : |
Mr. B R Dhawan |
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Designation : |
Director |
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Address : |
C-67, Naraina Vihar, New Delhi-110028, India |
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Date of Birth/Age : |
10.01.1928 |
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Date of Appointment : |
02.068.1998 |
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Date of Ceasing: |
20.07.2004 |
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Name : |
Mr. A P Singhal |
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Designation : |
Director |
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Address : |
126, Pocket-E, Mayur Vihar, Phase-II, Delhi-110091, India |
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Date of Birth/Age : |
17.03.1960 |
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Date of Appointment : |
01.12.2004 |
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Date of Ceasing: |
06.08.2005 |
KEY EXECUTIVES
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Name : |
Mr. S N Singh |
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Designation : |
Assistant Marketing Manager |
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Mobile No. : |
91-9818099121 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31.03.2007
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Names of Shareholders |
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No. of Shares |
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Gautam Kumar |
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805001 |
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Amitabh Nangia |
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825000 |
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I J Kumar and Sons, HUF |
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27000 |
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Meenakshi Kumar |
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402000 |
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Amitabh Nangia, HUF |
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9000 |
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Gayatri Nangia |
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133999 |
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Abhishek Nangia |
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309000 |
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Meena Kumar |
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200000 |
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Geetanjali Kumar |
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200000 |
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Geeta Bawa |
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20000 |
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Total |
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2931000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2007
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Category |
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Percentage |
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Directors or relatives of directors |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Electrical Instruments like
Switchear and Panels and Bays |
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Products : |
·
33 KV Panels ·
11 KV VCB Panel ·
Asco Auto. Transfer Switch ·
Blockset Tested Assembly ·
Compact Substation Assmy ·
Control and Relay Panel ·
DG Synchronization Panel ·
DG Synchronization Panel ·
Double Busbar Panel ·
Feeder Pillar ·
Motor Control Centre ·
Power Control Centre ·
Ring Main Unit ·
Sandwich Busduct |
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Exports : |
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Countries : |
Oman and Dubai |
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Imports : |
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Countries : |
Singapore |
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Terms : |
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Selling : |
L/C, Credit ( 30 Days) |
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Purchasing : |
L/C, Credit (30 Days) |
GENERAL
INFORMATION
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Customers : |
·
Adobe ·
BP ·
Wipro ·
Hindustan Uniliver Limited ·
GAIL ·
Citi Bank ·
Hero Honda ·
Tata ·
Fujitsu ·
Kajaria ·
Ameience ·
Ericsson ·
Fidelity ·
Britannia ·
IBM ·
NIIT ·
Max New York Life ·
Pepsi ·
Meridien ·
P and G ·
Hughes ·
American Express ·
Gillette ·
Radission ·
Whirlpool ·
Coca Cola ·
SB |
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No. of Employees : |
About 200 |
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Bankers : |
·
State Bank of India ·
Canara Bank, Parlament Street, New Delhi-110001, India ·
HDFC Bank Limited ·
ICICI Bank, NBCC Place,
Bhisma Pitamah Marg, POragati Vihar, New Delhi |
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Banking
Relations : |
Good |
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Auditors : |
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Name : |
Arun Malhotra and Associates Chartered Accountant |
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Address : |
G-29, Nisamudin West, New Delhi-110013, India |
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Tel. No.: |
91-11-24356586/ 24355502 |
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Fax No.: |
91-22-24351839 |
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Associates/Subsidiaries : |
·
Mitlite Electrical Private Limited ·
Tricolited Power Products Private Limited |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Milions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
2931000 |
Equity Shares |
Rs. 10/-
each |
Rs. 29.310
Millions |
FINANCIAL DATA
[all figures are in Rupees 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 |
29.310 |
29.310 |
27.690 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
67.588 |
19.458 |
15.900 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
96.898 |
48.768 |
43.590 |
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LOAN FUNDS |
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1] Secured Loans |
245.215 |
162.546 |
71.358 |
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2] Unsecured Loans |
3.612 |
1.640 |
17.131 |
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TOTAL BORROWING |
248.827 |
164.186 |
88.489 |
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DEFERRED TAX LIABILITIES |
10.341 |
8.495 |
5.929 |
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TOTAL |
356.066 |
221.449 |
138.008 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
128.238 |
122.287 |
102.524 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
6.584 |
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 |
153.896
|
76.973 |
76.974 |
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Sundry Debtors |
177.560
|
77.665 |
27.991 |
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Cash & Bank Balances |
17.271
|
1.370 |
1.927 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
42.119
|
28.296 |
28.223 |
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Total
Current Assets |
390.846
|
184.304 |
135.115 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
134.262
|
77.825 |
93.540 |
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Provisions |
35.346
|
7.327 |
6.105 |
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Total
Current Liabilities |
169.608
|
85.152 |
99.645 |
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Net Current Assets |
221.238
|
99.152 |
35.470 |
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MISCELLANEOUS EXPENSES |
0.006 |
0.010 |
0.014 |
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TOTAL |
356.066 |
221.449 |
138.008 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
782.124 |
4533.545 |
259.866 |
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Other Income |
13.921 |
7.624 |
5.660 |
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Total Income |
796.045 |
4541.169 |
265.526 |
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Profit/(Loss) Before Tax |
89.441 |
19.978 |
24.739 |
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Provision for Taxation |
33.733 |
7.980 |
5.011 |
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Profit/(Loss) After Tax |
53.708 |
11.800 |
19.728 |
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Earnings in Foreign Currency : |
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Export Earnings |
27.613 |
NA |
NA |
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Expenditures : |
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Raw Material Consumed |
496.034 |
269.818 |
171.556 |
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Consumption of Stores and Spares |
0.000 |
0.000 |
0.311 |
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Salaries, Wages, Bonus, etc. |
25.405 |
16.592 |
16.403 |
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Managerial Remuneration |
4.920 |
4.518 |
1.953 |
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Payment to Auditors |
0.215 |
0.060 |
0.019 |
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Interest |
15.252 |
14.662 |
6.144 |
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Insurance Expenses |
1.660 |
1.997 |
1.246 |
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Power & Fuel |
2.366 |
1.738 |
2.479 |
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Depreciation & Amortization |
7.336 |
6.140 |
11.880 |
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Other Expenditure |
153.416 |
105.666 |
28.796 |
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Total Expenditure |
706.604 |
4521.191 |
240.787 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
6.75
|
0.26 |
7.43 |
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Net Profit Margin (PBT/Sales) |
(%) |
11.43
|
0.44 |
9.52 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
17.23
|
6.52 |
10.41 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.92
|
0.41 |
0.57 |
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Debt Equity Ratio (Total Liability/Networth) |
|
4.32
|
5.11 |
4.32 |
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Current Ratio (Current Asset/Current Liability) |
|
2.30
|
2.16 |
1.36 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Details |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited Company |
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Income Tax Registration |
AAACT04014 |
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Central Sales Tax Registration |
GD-52163394 dated 12.11.1987 |
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Service Tax Registration |
AAACT0401H ST 00 |
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VAT/ TIN Registration |
096288800310 |
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Excise Registration |
AAACT0401H |
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Import Export Code |
0591004305 |
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Name of Bank |
Canara Bank, State Bank of India |
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Current Account Number |
Over Draft |
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Account Since |
20 Years |
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Credibility Factors |
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IndiaMART Client Since |
2 Years |
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Standards & Certifications |
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Quality Management Systems |
ISO 9001/ 2000 |
Trade References:
·
Areva
·
ABB
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
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Charge
identification number of the modified
|
90052307 |
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Corporate
identity number of the company |
U74999DL1987PLC027351 |
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Name of the
company |
TRICOLITE ELECTRICAL INDUSTRIES LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
V 325, Rajouri Garden, Delhi-110027, India |
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Type of charge |
Book Debts Movable Property Floating Charge Others |
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Particular of
charge holder |
Canara Bank, Parlament Street, New Delhi-110001, India |
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Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Entry Executed by SIDBI |
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Date of
instrument Creating the charge |
15.01.2008 |
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Amount secured by
the charge |
Rs. 120.000
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest as may
be specified by the bank from time to time. Terms of
Repayment On Demand Margin As per Agreement Extent and
Operation of the charge 2nd
Charge on Property at IMT Manesar Others The Above is to
secure OCC Regular Limit of Rs. 120.000 Millions |
|
Short particulars
of the property charged |
The whole of the
borrower’s present and future stocks and book debts, outstanding monies,
receivables, claims, bills, EMT of property situated at Plot No. 18/1-A, Site
– IV, Sahibabad Ghaziabad UP, Now 2nd Charge on Property at Plot
No. 5, Sector-6, IMT Manesar, Gurgaon (1st Charge held by SIDBI) |
|
Particulars of
the present modification |
OCC/ ODBD limit
of Rs. 120.000 Millions is further secured by way of 2nd Charge on
property at Plot No. 5, Sector 6, IMT Manager Gurgaon (1st Charge held
by SIDBI) Together with all building and structures there on and Plant and
Machinery attached to the earth oir permanently fastened to anything attached
to earth. Other terms and conditions remain same. |
|
Name of the company |
TRICOLITE ELECTRICAL INDUSTRIES PRIVATE LIMITED |
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Presented By |
ICICI Bank |
|
1) Date and description of instrument creating the change |
Deed of
hypothecation and Credit facility agreement, Memorandum of Deposit of title
deeds all dated 24.09.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 150.000
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 |
Exclusive charge
on the current assets of the company. First charge on
all the company’s fixed assets, including all immovable and movable
properties except which are financed by SIDBI for which first charge is with
SIDBI. The ne Block of Fixed assets on which SIDBI has first charge is Rs.
13.030 Millions as on 31.03.2004. The net block of fixed assets excluding the
assetsd on which SIDBI has first charge was Rs. 36.520 Millions as on
31.03.2004 Equitable
mortgage of factory land and buiding at Plot No. 18/1-A, Site – IV,
Industrial Area, Sahibabad. The valuation of property as per Canara Bank
Valuer is rs. 25.500 Millions Second Charge on
land and building at IMT Menesar and Fixed assets installed at New Facotyr at
IMT Manager financed by SIDBI |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The above is to
secure working capital limits of Rs. 150.000 Millions i.e. Cash Credit limit
of Rs., 80.000 Millions BG Limit of rs. 50.000 Millions. And Letter of Credit
of Rs. 20.000 Millions. (Full interchangebility between BG to LC). Interest
on Cash Credit Limit @ 2.50% below IBAR + CC Premia at monthly rest, subject
to a minimum of 9% p.a. IBAR as on dated is at 11% p.a. CC Premia is 0.50%
p.a. and the applicable interest rate as on date is 9% p.a. rate on Interesxt
is subject to revision form time to time. Commission on LC and BG margin as
per agreement. |
|
5) Name and Address and description of the person entitled to the charge. |
ICICI Bank Limited,
NBCC Place, Bhisma Pitamah Marg, POragati Vihar, New Delhi |
|
6) Date and brief description of instrument modifying the charge |
Nil |
|
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. |
Nil |
AS PER WEBSITE:
Company Profile
TRICOLITE is a leading manufacturer of Custom Built Low and Medium Voltage
Switchgears and Controlgears in India. Performing with a commitment to
excellence since 1959, the company has established itself as a paradigm of
quality and perfection.
TRICOLITE is equipped with five state-of-the-art manufacturing
facilities in Delhi, Uttar Pradesh (Sahibabad) and Haryana (IMT Manesar). All
the plants are equipped with modern machinery, best of talent and know-how to
cater to its esteemed customers with a wide spectrum of products.
The company is empowered with modern communication facilities like
Microsoft Navision, Enterprise Resource Planning systems, EDP centre with
latest design and drawing peripherals and software like Elecdes, PRO-E,
SolidEdge, PRIMAVERA, AP100, Biloma and ESMS.
A competent workforce is leading the company towards newer heights. All
the professionals have enriched the company with their expertise in respective
fields and are determined to achieve the targets by displaying impeccable
credentials. The company has exhibited its corporate excellence by growing at
an astounding rate of 50% for last 3 consecutive years.
TRICOLITE earnestly and continuously strives to achieve excellence not
only in its operations but also in the foray of Corporate Citizenship. It has
deep respect for social values and human ethos. The company is committed to
improve the quality of life of its employees through safe work practices and
healthy environment
Over the years
1920
TRILOK CHAND and SONS, an electrical trading house is formed in Lahore.
1959
TRICOLITE is established and starts with the initial manufacturing range
of rewirable SFU's.
1980
TRICOLITE commences Custom Built Switchgear manufacturing at New Delhi.
1989
TRICOLITE sets up a 4000 sqm plant at Sahibabad, NCR
2005
TRICOLITE sets up a satellite assembly unit I of 4080 sqm at Manesar.
2006
TRICOLITE sets up another assembly unit II of 2000 sqm at Manesar.
2007
TRICOLITE sets up an automated fabrication unit III of 4080 sqm. at
Manesar.
PRODUCTS
By manufacturing excellent products, TRICOLITE has curved out a niche
for itself in the domestic as well as in the international market. All the
products are manufactured with utmost precision to ensure 100% customer
satisfaction. Quality products bear the identity of a company. They are the
reflections of the expertise that the company possesses. Keeping pace with the
needs of the customers the company continuously improves its products to
maintain its distinguished position.
The following design parameters are considered in detail before
manufacturing of TRICOLITE switchboards.
·
Safety
·
Serviceablity
·
Flexibility
·
Asthetic Appeal
·
Reliability
·
Customer Specific Adaptibility
Total quality
The commitment to quality is validated every year by BVQI through
certification of TRICOLITE INTEGRATED MANAGEMENT SYSTEMS - for excellence
in processes, in environmental concern and in occupational health and safety.
ISO 9001:2000, ISO 14000 and ISO 18000.
They have been acknowledged as qualified vendors for prestigious jobs at EIL,
MECON, BHEL, PowerGrid, Numerous State Electricity Boards, Indian Oil
Corporation, DLF, ITC, NDPL and Reliance Energy. They meticulously adhere to
distilled wisdom collected from the best quality practices like TQM, Quality
Circles, 5S, and Kaizen to meet international standards.
INFRASTRUCTURE
TRICOLITE has highly advanced and appropriately designed manufacturing
facilities equipped with state-of-the-art machinery from all over the world.
All switchgears and raw material are directly procured from the manufacturers
for quality, genuineness and service backup.
The 5 manufacturing units are spanning across Delhi, Uttar Pradesh and
Haryana with floor space of 250,000 sq. feet. TRICOLITE supports households of
400 employees comprising of engineers, technical associates and executives.
The facility can boast of the Best Machinery for Computer aided design
and manufacturing Fabrication facilities from renowned industrial houses like
Amada, Japan. Excellent Epoxy Power Coating Painting facility, an Assembly shop
equipped with multiple Hydraulic Bus Bar Cutting and bending machines.
Liberally spaced Assembly and Wiring shops enhance the production capacity.
CMT REPORT
(Corruption, Money Laundering and 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.46.96 |
|
UK Pound |
1 |
Rs.83.91 |
|
Euro |
1 |
Rs.66.36 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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 |
|