MIRA
INFORM REPORT
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Report Date : |
11.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
KAMLA FOUNDRY AND WORKSHOP |
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Registered Office : |
Kamla Foundry Workshop, Kasmir Road, Batala – 143505, Punjab. |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1965 |
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IEC No.: |
3008005659 |
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TIN No.: |
03771019536 |
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PAN No.: [Permanent
Account No.] |
AACFK4105A |
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Legal Form : |
A Partnership Concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer, Distributor and Exporters of Machine Tools |
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 15000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Payments are reported as correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Deepak Goyal |
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Designation : |
Son of Mr. Ashok Goyal |
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Date : |
12.08.2008 |
LOCATIONS
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Registered Office : |
Kamla Foundry Workshop, Kasmir Road, Batala – 143505, Punjab, India |
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Tel. No.: |
91-1871- 242856/ 242956 |
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Mobile No.: |
91- 9876142856 |
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Fax No.: |
91-1871-242856 |
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E-Mail : |
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Area : |
1 Acres |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Ashok Goyal |
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Designation : |
Partner |
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Address : |
Batala |
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Date of Birth/Age : |
55 Years |
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Qualification : |
Graduate |
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Experience : |
30 Years |
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Name : |
Mrs. Kamlesh Goyal |
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Designation : |
Partner |
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Address : |
Batala |
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Date of Birth/Age : |
49 Years |
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Qualification : |
Graduate |
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Experience : |
H/W |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Distributor and Exporters of Machine Tools |
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Products : |
· Plano Miller · Heavy Duty Plano
Miler · Heavy Duty
Planer · Industrial
Planer · Lathe Machine · Heavy Duty Roll
Turning Lathe Machine · All Geared Lathe
Machine · Redial Drilling
Machine · Horizontal
Boring Machine · Milling Head · Operational View
of Milling Head on Railways CMS Crossing · Reduction Gear
Box for Plano millers |
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Exports : |
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Products : |
Machine Tools |
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Countries : |
Malaysia, Sri-Lanka |
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Terms : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
25 (Office – 5, Factory - 20) |
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Bankers : |
Punjab National Bank, Batala |
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Facilities : |
Limit Rs.2.000 Millions |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Mr. Vijay Aggarwal Chartered Accountant |
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Address : |
Amritsar |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.3.000 Millions |
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Borrowed : |
-- |
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Total : |
Rs.3.000 Millions |
SUMMARISED RESULTS (Balance Sheet)
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Proprietor’s Capital |
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3.000 |
2.800 |
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Fixed Assets [Net Block] |
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4.500 |
4.320 |
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Investment |
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3.515 |
2.000 |
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Current Assets, Loans & Advances |
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Inventories |
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3.200 |
3.100 |
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Sundry Debtors |
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0.000 |
0.000 |
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Cash & Bank
Balances |
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0.510 |
0.406 |
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Current
Liabilities & Provisions |
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Current
Liabilities |
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8.700 |
7.420 |
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Miscellaneous
Expenses |
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0.057 |
0.040 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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15.000 |
13.700 |
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Profit/(Loss) Before Tax |
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1.250 |
1.160 |
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Provision for Taxation |
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0.000 |
0.000 |
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Profit/(Loss) After Tax |
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1.250 |
1.160 |
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Total
Expenditure |
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13.750 |
12.540 |
KEY RATIOS
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PARTICULARS |
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31.03.2008 |
31.03.2007 |
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PAT / Total Income |
(%) |
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08.33 |
08.46 |
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Net Profit Margin (PBT/Sales) |
(%) |
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08.33 |
08.46 |
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
·
Bharat Heavy Electricals Limited
·
NECO Casting – Nagpur
·
Krishna Engineering Works - Vijayawada
Trustseal Acceptance
Chart
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Existence Verification |
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Name |
KAMLA FOUNDARY AND WORKSHOP |
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Address |
Kashmir Road, Batala - 143505 |
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2nd address |
Kashmir Road, Batala - 143505 |
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Phone/ Mobile Numbers |
91-187-242856 |
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Mob No.: |
91-9876142856 |
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Electricity Bill |
Electricity Bill is in the Name of Company Manufacturer of Machine
Tools |
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Statutory Approvals |
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Legal Status of Firm |
Partnership
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Service Tax Registration |
NA |
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VAT/ TIN Registration |
3771019536 |
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Excise Registration |
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Import Export Code |
3008005659 |
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Name of Bank |
Punjab National Bank, Batala |
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Emp PF Reg Number |
ND |
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Company ESI Reg. Number |
ND |
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RBI Code Number |
AACFK4105A |
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Credibility Factors |
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IndiaMART Client Since |
New Member |
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Years of Establishment |
1965 |
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Trade Affiliations |
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D&B D-U-N-S Number |
Nil |
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Govt. Recognised Export House Status |
Nil |
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Standards & Certifications |
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Quality Management Systems |
Yes Marinating Full Quality Control |
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Environment Management Systems |
Nil |
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Safety Certificates |
Yes Marinating Full Quality Control |
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.45.12 |
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UK Pound |
1 |
Rs.79.60 |
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Euro |
1 |
Rs.63.83 |
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 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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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 |
YES |
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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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45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
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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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