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Report No. : |
175617 |
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Report Date : |
21.04.2012 |
IDENTIFICATION DETAILS
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Name : |
AMARSAI SHRINK PACK PRIVATE LIMITED |
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Registered Office : |
Plot No. F-35, Behind Hotel Annapurna, MIDC, Satpur, Nashik-422007,
Maharashtra |
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Country : |
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Date of
Incorporation : |
07.04.2010 |
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Com. Reg. No.: |
201814 |
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Capital
Investment / Paid-up Capital : |
Rs.27.000 Millions |
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CIN No.: [Company Identification
No.] |
U36993MH2010PTC201814 |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer and Suppliers of Packaging and Labeling Materials such as
PVC Shrink Films, Reverse Printed a Shrink Labels Packing Sleeves etc. |
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No. of Employees : |
50 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a successor of Amarsai Shrink Pack a partnership concern
started in the year 2007.and data got converted into “Private Limited”
company. The management has not filed any financial details since its
inception. However, Trade relations are reported as fair. Business is active.
Payments are unknown. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nilesh Solanki |
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Designation : |
Marketing Head |
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Contact No.: |
91-9822822840 |
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Date : |
16.04.2012 |
LOCATIONS
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Registered Office/ Factory : |
Plot No. F-35, Behind Hotel Annapurna, MIDC, Satpur, Nashik-422007,
Maharashtra, India |
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Tel. No.: |
91-253-6614353 |
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Mobile No.: |
91-9822822840 (Mr. Nilesh Solanki) |
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Fax No.: |
91-253-350463 |
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E-Mail : |
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Website : |
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Area : |
9500 sq. ft. |
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Location: |
Owned |
DIRECTORS
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Name : |
Mr. Machindra Shewale |
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Designation : |
Director |
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Date of Birth/Age : |
01.06.1969 |
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Qualification : |
B.E |
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Date of Appointment: |
07.04.2010 |
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DIN No.: |
02978735 |
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Name : |
Mr. Popat Daga Gangurde |
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Designation : |
Director |
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Date of Birth/Age : |
43 Years |
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Qualification : |
B.Com |
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Date of Appointment : |
07.04.2010 |
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DIN No.: |
02978745 |
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Name : |
Mrs. Sunita Machindra Shewale |
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Designation : |
Director |
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Date of Birth/Age : |
01.06.1979 |
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Qualification : |
HSC |
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Date of Appointment : |
07.04.2010 |
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DIN No.: |
02978701 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh Solanki |
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Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Machindra Shewale |
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900 |
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Sunita Machindra Shewale |
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50 |
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Popat Daga Gangurde |
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50 |
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Total |
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1000 |
As on 18.07.2011
List of Allottees
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Names of Allottees |
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No. of Shares
Allotted |
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Machindra Shewale |
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27000 |
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Sunita Machindra Shewale |
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1500 |
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Popat Daga Gangurde |
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1500 |
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Total |
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30000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Suppliers of Packaging and Labeling Materials such as
PVC Shrink Films, Reverse Printed a Shrink Labels Packing Sleeves etc. |
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Products : |
·
PVC Shrink Films ·
Reverse Printed Shrink Labels ·
General Packing Sleeves ·
Reverse Printed Sleeves or Labels ·
Cap Seals ·
Dry Cell ·
Electrolytic Capacitor Sleeves ·
Bus Bar and Capacitors |
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Terms : |
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Selling : |
Credit (60 Days) |
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Purchasing : |
Credit (60 Days) |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
OEM’s
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No. of Employees : |
50 (Approximately) |
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Bankers : |
State Bank of
Bikaner and Jaipur, 02, Rushiraj Heights, Mahatma Nagar, Near Water Tank,,
Nashik - 422007, Maharashtra, India |
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Facilities : |
Term Loan: Rs.60.000
Millions (From State Bank of Bikaner and Jaipur) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Mr. B K Singh Chartered Accountant |
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Address : |
Nashik, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital : Rs.30.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.27.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
NOT DIVULGED
LOCAL AGENCY FURTHER INFORMATION
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Check List by Info Agents |
Available in Report (Yes / No) |
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1) Year of Establishment |
Yes |
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2) Locality of the firm |
Yes |
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3) Constitutions of the firm |
Yes |
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4) Premises details |
Yes |
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5) Type of Business |
Yes |
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6) Line of Business• |
Yes |
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7) Promoter’s background |
Yes |
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8) No. of employees |
Yes |
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9) Name of person contacted |
Yes |
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10) Designation of contact person |
Yes |
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11) Turnover of firm for last two years |
No |
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12) Profitability for last three years |
No |
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13) Reasons for variation <> 20% |
-- |
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14) Estimation for coming financial year |
No |
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15) Capital in the business |
Yes |
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16) Details of sister concerns |
No |
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17) Major suppliers |
Yes |
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18) Major customers |
Yes |
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19) Payments terms |
Yes |
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20) Export / Import details (if applicable) |
No |
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21) Market information |
-- |
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22) Litigations that the firm / promoter |
-- |
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23) Banking Details |
Yes |
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24) Banking facility details |
Yes |
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25) Conduct of the banking account |
-- |
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26) Buyer visit details |
-- |
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27) Financials, if provided |
No |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
No |
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30) Major Shareholders, if available |
Yes |
Bankers Charges
Report as per Registry
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Corporate
identity number of the company |
U36993MH2010PTC201814 |
|
Name of the
company |
AMARSAI SHRINK
PACK PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. F-35, Behind Hotel Annapurna, MIDC, Satpur, Nashik-422007,
Maharashtra, India E-mail : suranaaj@yahoo.co.in
|
|
This form is for |
Modification of charge |
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Charge
identification (ID) number of the charge to be modified |
10232637 |
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Type of charge |
Immovable property Book debts Movable property (not being pledge) |
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Particular of
charge holder |
State Bank of Bikaner and Jaipur, 02, Rushiraj Heights, Mahatma Nagar,
Near Water Tank,, Nashik - 422007, Maharashtra, India E-mail : sbbj10943@sbbj.co.in
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Nature of
instrument creating charge |
1. Supplemental
agreement of loan cum hypothecation 2. Memorandum for
recording extension of mortgage by deposit of title deeds covering enhanced
limits and/or creation of equitable mortgage on additional properties for
existing limits and enhanced limits and additional facilities Both documents
constitute single charge |
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Date of
instrument Creating the charge |
04.10.2011 |
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Amount secured by
the charge |
Rs.58.200
Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest SLC LIMIT:- 4.75%
Above Base Rate i.e. 10.25% p.a., Effective Rate 15% p.a. Applicable at
monthly rests subject to change from time to time Terms of
Repayment As per original
agreement Margin As per original
agreement Extent and
Operation of the charge First charge
modified in favour of State Bank of Bikaner and Jaipur, Mahatma Nagar Branch,
Nashik |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All the present
and future stocks, goods, raw materials, book debts, movable plant and
machineries and other movable assets situated in the company premises/
elsewhere referred to in the said agreement. A. Factory Land
and Building Situated at M.I.D.C. Satpur Nashik B. N 53 Patil
Nagar, CIDCO, Nashik C. Residential
Bungalow At Plot No. 9 Anand Nagar, Ambad Link Road, Kamatwade, Nashik |
|
Particulars of
the present modification |
By this
modification the total charge limit enhanced to 58.200 Millions Which includes 1. Cash Credit
RS. – 25.000 Millions 2. Term Loan I -
RS.0.686 Millions, 3. Term Loan II -
RS. 0.583 Millions, 4. Term Loan III
- RS.7.984 Millions, 5. Term Loan IV -
RS.4.447 Millions, 6. Fresh TL V - RS. 10.000 Millions, 7. SLC Limit - RS. 4.500 Millions 8. Bank Guarantee - RS 5.000 Millions. Now the total charge stands for Rs. 58.200 Millions |
Trade References:
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.52.00 |
|
|
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.68.40 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
|
|
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--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
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 |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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 |
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 |
|
- |
NB |
New Business |
- |