MIRA
INFORM REPORT
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Report Date : |
22.10.2008 |
IDENTIFICATION DETAILS
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Name : |
ESSCON ENGINEERS PRIVATE LIMITED |
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Registered Office : |
Opposite 132 K V Sub Station Chandra Vihar Azad Nagar, Nawabganj,
Kanpur-208 002, Uttar pradesh |
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Country : |
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Date of Incorporation : |
19.02.2004 |
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Com. Reg. No.: |
20-028308 |
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CIN No.: [Company
Identification No.] |
U45201up2004ptc028308 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELE04666E |
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PAN No.: [Permanent
Account No.] |
AABCE3242J |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
manufacturer and exporter
of Bulk Material Handling Systems, Crushing Systems, Flour Systems,
Industrial Conveyors and Rice Grinding Machine |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average. |
Small |
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Maximum Credit Limit : |
---- |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a small company having moderate track. The company can be
regarded poor in Corporate Governance as no financials are available since incorporation.
No payment records are available. The company can be considered for small to mediocre business dealings
at usual trade terms and conditions. |
INFORMATION PARTED BY
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Name : |
Mr. Ashok Mittal |
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Designation : |
Director |
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Contact No.: |
91-9873224213 |
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Date : |
21.10.2008 |
LOCATIONS
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Registered Office : |
Opposite 132 K V Sub Station Chandra Vihar Azad Nagar, Nawabganj,
Kanpur-208 002, Uttar pradesh,
India |
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Area : |
350 Sq.fts |
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Location : |
Owned |
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Factory : |
227, Vikas Tower Community
Center Near M2K Plaza Pitampura, New
Delhi - 110 001, Delhi, India |
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Tel. No.: |
91-11-47566981 |
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Mobile No.: |
91-11-9873224213 |
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Fax No.: |
91-11-47566971 |
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E-Mail : |
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Websites : |
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Area : |
300 Sq.fts |
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Location : |
Owned |
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Factory : |
522, Nazafgarh, New Delhi, India |
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Area : |
1000 Sq.fts |
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Location : |
Owned |
DIRECTORS
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Name : |
Mrs. Mukta Awasthi
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Designation : |
Director |
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Address : |
Opposite 132 K V Sub Station Chandra Vihar Azad Nagar, Nawabganj,
Kanpur-208 002, Uttar pradesh,
India |
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Date of Birth/Age : |
23.10.1976 |
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Date of Appointment : |
19.02.2004 |
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Name : |
Mr. Subhendy Shekhar
Awasthi |
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Designation : |
Director |
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Address : |
Opposite 132 K V Sub Station Chandra Vihar Azad Nagar, Nawabganj,
Kanpur-208 002, Uttar pradesh,
India |
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Date of Appointment : |
19.02.2004 |
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Name : |
Mr. Mithilesh Kumar Jha
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Designation : |
Director |
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Address : |
308 Janki Apartment, Sector – 22, Dwarika, New Delhi – 110 045, India |
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Date of Birth/Age : |
13.03.1971 |
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Date of Appointment : |
19.02.2004 |
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Name : |
Mrs. Kanta Mishra |
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Designation : |
Director |
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Address : |
308 Janki Apartment, Sector – 22, Dwarika, New Delhi – 110 045, India |
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Date of Birth/Age : |
01.01.1976 |
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Date of Appointment : |
19.02.2004 |
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Name : |
Mr. Subhash agarwal |
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Designation : |
Director |
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Age: |
48 years |
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Qualification : |
MBA |
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Name : |
Mr. Ashok Mittal |
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Designation : |
Director |
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Age: |
50 years |
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Qualification : |
Eng. Mechanical |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mrs. Mukta Awasthi
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2500 |
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Mr. Subhendu Shekhar
Awasthi |
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2500 |
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Mr. Mithilesh Kumar Jha
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2500 |
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Mrs. Kanta Mishra |
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2500 |
Equity Share Breakup (Percentage of Total Equity):-
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Category |
Percentage |
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Directors or relative of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
manufacturer and exporter
of Bulk Material Handling Systems, Crushing Systems, Flour Systems,
Industrial Conveyors and Rice Grinding Machine |
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Products : |
· Material Handling System · Industrial Handling System · Belt Conveyors · Bucket Elevators · Gravity and Powerised Conveyor · Crushing Systems · Swivelling Loader · Flour Systems · Rice Grinding Machine · Paddy Master · Hull Aspirator Separator · Versatile Plansifter · Roto Sifter Separator |
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Exports : |
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Products : |
Bulk Materials Handling System, Crushing System, Flour System, Etc |
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Countries : |
China |
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Terms : |
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Selling : |
T/T |
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Purchasing : |
T/T |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers |
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No. of Employees : |
15 |
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Bankers : |
· HDFC Bank, Pitampura Branch · Bank of Maharashtra, Pitampura Branch |
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Facilities : |
From HDFC Bank Cash Credit – Rs. 1.000 million |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Subhash Chandela and
Associates Chartered Accountants |
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Address : |
Shalimar Baugh, New Delhi, India |
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Associates/Subsidiaries : |
· Suntech Private Limited Address
:
229, Garath Plaza, Community Centre, Pitampura |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 10/-
each |
Rs. 0.100
million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
FINANCIALS:
no financials
are available since incorporation of the company.
Management denied
Financial Details.
LOCAL AGENCY FURTHER INFORMATION
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Additional
Requirement of Indiamart for Trust-Seal |
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VAT / TIN : 07180345499 (As claimed by management) |
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PAN No.: AABCE3242J |
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Bank Name : Bank of Maharashtra |
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Bank Address :Pitampura Branch |
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Bank A/c. No.: 60000261704 |
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Account Since :3 years |
TRADE REFERENCES:-
· Garath Duplex Limited, Muzzafar Nagar
· Raj Tool Backs Limited
· Cidco India Limited,
· EIL
WEBSITE DETAILS:-
Established in the year 1988, they are a reliable manufacturer and
exporter of a wide range of bulk material handling systems, crushing systems,
flour systems, industrial conveyors and rice griding
machine. Over the years, they have introduced a large number of conveyors and
other systems that find their usage in varied industries. They supply their
products under the brand name 'ESS-CON'.
Nestled in New Delhi, they have developed a strong base on both national and
international arena. Empowered with their strong manufacturing facilities and
advanced technology, they have successfully met the requirements of a large
base of clients across the globe.
With the clear vision and more than 20 years of experience of Mr. A.K. Mittal, their owner, they have progressed at a rapid pace
and have spread their wings far and wide. Their team of professionals utilize
their expertise and knowledge to exceed their clients' expectations.
Products
They manufacture and offer a wide range of bulk material handling
systems, industrial conveyors, rice grinding machines that are known for their
assured performance. Their range includes:
· Material Handling System
· Industrial Handling System
· Belt Conveyors
· Bucket Elevators
· Gravity and Powerised Conveyor
· Crushing Systems
· Swivelling Loader
· Flour Systems
· Rice Grinding Machine
· Paddy Master
· Hull Aspirator Separator
· Versatile Plansifter
· Roto Sifter Separator
Apart from their above
mentioned range, they also offer other products that include:
· Conveyors
· Bucket Elevators/ Chain/ Butterfly
· Apron Conveyors
· Screw Conveyors
· Roller Conveyors
· Chain Conveyors
· Jaw Crusher
· Roll Crusher
· Vibrating Screen
· E.O.T.
· H.O.T
· Electric Hoist
· Goods Lift, etc
Salient Features
of Their Products
The different types of conveyors, material handling systems, crushing
systems, flour systems and rice griding machinery
that they fabricate for varied industrial applications are known for the following
features like:
· High Productivity
· Energy Efficiency
· User Friendly Controls
· Durable service
· Resistant to temperature variations, damages and jerks
· Sturdy in design
· Minimum maintenance
Quality Assurance
The incoming material undergoes a process of very nigorous
checking and testing stipulated by international standards by trained quality
inspectors, using sophisticated inspection and testing equipments at Inward
Inspection Department, Regular Quality-Checks are conducted at various stages
of production, at the semi finished product stage, assembly level etc.
Research and
Development
The Research and Development Department at Delhi is the axis behind the
development operations of the company and is reaching its customers with most
modern products of world standards. The feedback from periodic Market Research
surveys, field complaints, market watch etc. provide the inputs to the R and D
Dept. to redesign and develop its products. The R and D Department of the
company practical and innovative solutions to meet customers needs.
Sales and
Marketing
The sales targets are set and reviewed by the sales and marketing
department of the company. The department also generates various Management Information
System (MIS) reports and takes corrective and prevtive
action based on them.
Customer Support
and Servicing
Their products are supported with a carefully planned sales and customer
service. All service engineers of the company are truly trained for the
maintenance of its products. All field complaints are analyzed for reasons
through monthly corrective action review meetings providing feedback to the R
and D department.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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UK Pound |
1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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29 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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