MIRA
INFORM REPORT
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Report Date : |
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IDENTIFICATION DETAILS
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Name : |
CHINA PETROLEUM TECHNOLOGY & DEVELOPMENT CORPORATION |
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Formerly Known As : |
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Registered Office : |
BLOCK B, CHAOYANG DISTRICT, AUGust 4, 1987 100000000006385 state-owned 800 international trade mainly include: petroleum drilling equipment line pipe and oil country tubular goods oilfield chemicals |
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Country : |
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Financials (as on) : |
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Date of Incorporation : |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
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No. of Employees : |
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RATING & COMMENTS
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MIRA’s Rating : |
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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 |
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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-- |
NB |
New Business |
-- |
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Status : |
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Payment Behaviour : |
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Litigation : |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
ECONOMIC OVERVIEW
Source
: CIA
Company name and address
CHINA PETROLEUM TECHNOLOGY & DEVELOPMENT CORPORATION
BLOCK B, CNPC KUNLUN BUILDING, NO. 8, SUN PALACE VENUS
GARDEN
CHAOYANG DISTRICT, BEIJING 100009 PR CHINA
TEL: 86 (0) 10-63591666/63591581/63591803
FAX: 86 (0) 10-63591500/63591804
EXECUTIVE SUMMARY
Date of Registration : AUGust 4, 1987
REGISTRATION NO. : 100000000006385
LEGAL FORM : state-owned enterprise
REGISTERED CAPITAL : CNY 443,470,000
staff :
800
BUSINESS CATEGORY : trading
Revenue : CNY 17,088,578,000 (AS OF DEC. 31, 2011)
EQUITIES :
CNY 5,710,525,000 (AS OF DEC. 31, 2011)
WEBSITE : www.cptdc.com
E-MAIL :
webmaster@cptdc.cnpc.com.cn
PAYMENT :
AVERAGE
Recommended Credit Limit : UP TO USD 20,000,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRly good
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : fairly good
EXCHANGE RATE :
CNY 6.35 = USD 1 AS OF
Ø
CREDIT OPINION
Our credit scoring system indicates the following credit scores.
CREDIT RATING : 2 (see
below explanatory notes)
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Rating Key |
Credit Risk Assessment |
Proposed Credit Limit (In Concerned Business Field) |
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1 |
Minimal |
Credit can proceed with favorable terms |
Large amount |
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2 |
Low |
Credit can proceed promptly |
Fairly large amount |
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3 |
Average |
Credit can proceed normally |
Moderate amount |
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4 |
Above average |
Credit should proceed with monitor |
Small amount - periodical review |
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5 |
Fairly High |
Credit should be extended under guarantee |
C.O.D. to small amount |
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6 |
High |
Credit is not recommended |
C.O.D. |
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NR |
Assessment not conducted |
Insufficient data available |
No recommendation |
This rating 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 %) in our credit analysis are as follows:
Financial condition (40%) Ownership
background (10%) Payment
record (10%)
Credit history (15%) Market
trend (10%) Operational
size (15%)
In case of unlimited companies, newly established companies, or lack of
financial data, more weight is given to ‘Ownership background’ and ‘Payment
record’ in our analysis.
Adopted abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND
& GENERAL REPUTATION:
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
SC was established
as a state-owned enterprise of PRC with State Administration of Industry &
Commerce (SAIC) under registration No.: 100000000006385
on August 4, 1987.
SC’s Organization Code Certificate No.:
10000638-9
SC’s registered capital: CNY 443,470,000
SC’s paid-in capital: CNY 443,470,000
Registration Change Record:-
|
Date |
Change of Contents |
Before the change |
After the change |
|
-- |
Registration No. |
1000001000638 |
100000000006385 |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
|
Name of Higher Authority |
|
China National Petroleum Corporation 中国石油天然气集团公司 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative and General Manager |
Bi Yueming毕跃明 |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name of Higher Authority
China National Petroleum Corporation
中国石油天然气集团公司
---------------------------------
Date of Registration: February 9, 1990
Registration No.: 100000000010438
Legal Form: State-Owned Enterprise
Chief Executive: Jiang Jiemin 蒋洁敏
Registered Capital: CNY 379,863,460,000
Address: 9 Dongzhimen North Street,
Dongcheng District, Beijing, P.R. China, 100007
Phone: +86 10 6209 4114
Fax: +86 10 6209 4205
Web: www.cnpc.com.cn
E-mail: admin_eng@cnpc.com.cn
MANAGEMENT
Bi Yueming (毕跃明), Legal
Representative and General Manager
--------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At
present, working in SC as legal representative and general manager
BUSINESS OPERATION
SC’s registered business scope includes permit business scope: send
foreign labor needed by the implementation of overseas projects; operation of
hazardous chemicals (specific scope, see hazardous chemicals business license,
validity period as of Nov. 29, 2013). General business scope: importing and
exporting; barter trade; consignment business; contracting international
transport agency business of sea, rail transport, air transport, road
transport, importing and exporting goods; renting equipment; bidding agency
business; economic and technological exchanges; technical advice, technical
services, technology transfer, technical cooperation and development; contracting overseas
petrochemical projects; selling cars. (该公司的法定经营范围包括：许可经营项目：对外派遣实施境外工程所需的劳务人员；危险化学品经营（具体范围见危险化学品经营许可证，有效期至
SC is mainly
engaged in international trade. (该公司目前实际主要从事国际贸易业务。)
SC’s products
mainly include:
n
petroleum drilling equipment
n
line pipe and oil country tubular goods
n
oilfield chemicals
n
geophysical exploration, logging, mud logging and
well testing equipment
n
drilling, work-over and production tools
n
oil production equipment
n
oilfield surface facilities
n
petrochemical and refinery equipment
n
offshore equipment
SC sources its materials 80% from domestic market, and 20% from the overseas market, mainly European countries. SC sells 20% of its products in domestic market, and 80% to the overseas market, mainly American and European countries.
The buying terms of SC include Check, T/T, L/C and Credit of 30-60 days.
The payment terms of SC include T/T, L/C and Credit of 30-60 days.
*Major Customer:
=============
Casco Ltd.
Staff & Office:
--------------------------
SC is known
to have approx. 800 staff at
present.
SC owns an area as
its operating office, but the detailed information is unknown.
RELATED COMPANY
SC is known to have 4
subsidiaries at present:
China
Petroleum (Tianjin) Logistics Co., Ltd.
中油（天津）物流有限公司
Zhuhai
Jingchu Petroleum Technology Development Co., Ltd.
珠海京楚石油技术开发有限公司
Nanyang
RG Petro-Machinery (Group) Co., Ltd.
南阳二机石油装备（集团）有限公司
HG
(Hebei) Drilling Equipment Co., Ltd.
华油一机（河北）钻井装备有限公司
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment experience (through current enquiry with SC's
suppliers), our delinquent payment records and our debt collection record
concerning SC.
Trade payment experience: SC did not
provide any name of trade/service suppliers and we have no other sources to conduct
the enquiry at present.
Delinquent payment record: None in our
database.
Debt collection record: No overdue amount
owed by SC was placed to us for collection within the last 6 years.
BANKING
Basic Bank:
Bank
of China
中国银行
AC#: 00050708243014
FINANCIALS
Financial Summary
|
Unit: CNY’000 |
As
of Dec. 31, 2011 |
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Long term investment |
48,025 |
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Total assets |
12,111,375 |
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Long term liabilities |
4,085 |
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Total
liabilities |
6,400,850 |
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Equities |
5,710,525 |
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Revenue |
17,088,578 |
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Profit before
tax |
806,861 |
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Less: profit tax |
198,499 |
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Profits |
608,362 |
Note: The detailed financials for Y2011 are not available in SAIC.
Important Ratios
=============
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As
of Dec. 31, 2011 |
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*Liabilities
to assets |
0.53 |
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*Net profit
margin (%) |
3.56 |
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*Return on
total assets (%) |
5.02 |
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*
Revenue/Total assets |
1.41 |
FINANCIAL COMMENTS
PROFITABILITY:
FAIRLY GOOD
l
The revenue of SC appears good in its line.
l
SC’s net profit margin is fairly good.
l
SC’s return on total assets is fairly good.
LIQUIDITY: AVERAGE
l
SC’s revenue is in an average level, comparing with
the size of its total assets.
LEVERAGE: FAIRLY
GOOD
l
The debt ratio of SC is low.
l
The risk for SC to go bankrupt is low.
Overall financial
condition of the SC: Fairly Good.
CONCLUSIONS
SC is considered large-sized in its line with fairly good financial conditions.
Taking into consideration of SC’s good background, a credit line up to USD 20,000,000 would appear to be within
SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs. |
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1 |
Rs. |
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Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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%)
MIRA
INFORM REPORT
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Prepared for : |
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Your Ref. No.: |
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Report No. : |
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Report Date : |
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INQUIRY DETAILS
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Given Name : |
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Given Address : |
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Tel. No.: |
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Fax No.: |
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IDENTIFICATION DETAILS
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Name : |
CHINA PETROLEUM TECHNOLOGY & DEVELOPMENT CORPORATION |
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Formerly Known As : |
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Registered Office : |
BLOCK B, CNPC KUNLUN BUILDING, NO. 8, SUN PALACE VENUS
GARDEN CHAOYANG DISTRICT, BEIJING 100009 PR CHINA AUGust 4, 1987 100000000006385 state-owned
enterprise 800 international trade mainly include: petroleum drilling equipment line pipe and oil country tubular goods oilfield chemicals |
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Country : |
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Financials (as on) : |
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Date of Incorporation : |
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Com. Reg. No.: |
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Legal Form : |
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Line of Business : |
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No. of Employees : |
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RATING & COMMENTS
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MIRA’s Rating : |
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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 |
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 |
|
-- |
NB |
New Business |
-- |
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Status : |
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Payment Behaviour : |
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Litigation : |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
|
|
|
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 |
|
Off-credit |
D |
ECONOMIC OVERVIEW
Source
: CIA
Company name and address
CHINA PETROLEUM TECHNOLOGY & DEVELOPMENT CORPORATION
BLOCK B, CNPC KUNLUN BUILDING, NO. 8, SUN PALACE VENUS
GARDEN
CHAOYANG DISTRICT, BEIJING 100009 PR CHINA
TEL: 86 (0) 10-63591666/63591581/63591803
FAX: 86 (0) 10-63591500/63591804
EXECUTIVE SUMMARY
Date of Registration : AUGust 4, 1987
REGISTRATION NO. : 100000000006385
LEGAL FORM : state-owned enterprise
REGISTERED CAPITAL : CNY 443,470,000
staff :
800
BUSINESS CATEGORY : trading
Revenue :
CNY 17,088,578,000 (AS OF DEC. 31, 2011)
EQUITIES :
CNY 5,710,525,000 (AS OF DEC. 31, 2011)
WEBSITE : www.cptdc.com
E-MAIL :
webmaster@cptdc.cnpc.com.cn
PAYMENT :
AVERAGE
Recommended Credit Limit : UP TO USD 20,000,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRly good
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : fairly good
EXCHANGE RATE :
CNY 6.35 = USD 1 AS OF
Ø
CREDIT OPINION
Our credit scoring system indicates the following credit scores.
CREDIT RATING : 2 (see
below explanatory notes)
|
Rating Key |
Credit Risk Assessment |
Proposed Credit Limit (In Concerned Business Field) |
|
|
1 |
Minimal |
Credit can proceed with favorable terms |
Large amount |
|
2 |
Low |
Credit can proceed promptly |
Fairly large amount |
|
3 |
Average |
Credit can proceed normally |
Moderate amount |
|
4 |
Above average |
Credit should proceed with monitor |
Small amount - periodical review |
|
5 |
Fairly High |
Credit should be extended under guarantee |
C.O.D. to small amount |
|
6 |
High |
Credit is not recommended |
C.O.D. |
|
NR |
Assessment not conducted |
Insufficient data available |
No recommendation |
This rating 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 %) in our credit analysis are as follows:
Financial condition (40%) Ownership
background (10%) Payment
record (10%)
Credit history (15%) Market
trend (10%) Operational
size (15%)
In case of unlimited companies, newly established companies, or lack of
financial data, more weight is given to ‘Ownership background’ and ‘Payment
record’ in our analysis.
Adopted abbreviations (as follows)
SC - Subject Company
(the company inquired by you)
N/A – Not available
CNY – China Yuan Ren
Min Bi
OPERATIONAL TREND
& GENERAL REPUTATION:
This section aims at indicating the relative positions of SC in respect
of its operational trend & general reputation
Operational Trend:- General
Reputation:-
Upward Excellent
Steady Good
Fairly Steady Fairly
Good
Ordinary Average
Fair Fair
Stagnant Detrimental
Downward Not
known
Not known Not
yet be determined
Not yet be determined
LEGAL STATUS & HISTORY
SC was established
as a state-owned enterprise of PRC with State Administration of Industry &
Commerce (SAIC) under registration No.: 100000000006385
on August 4, 1987.
SC’s Organization Code Certificate No.:
10000638-9
SC’s registered capital: CNY 443,470,000
SC’s paid-in capital: CNY 443,470,000
Registration Change Record:-
|
Date |
Change of Contents |
Before the change |
After the change |
|
-- |
Registration No. |
1000001000638 |
100000000006385 |
Current Co search indicates SC’s shareholders & chief executives are
as follows:-
|
Name of Higher Authority |
|
China National Petroleum Corporation 中国石油天然气集团公司 |
SC’s Chief Executives:-
|
Position |
Name |
|
Legal Representative and General Manager |
Bi Yueming毕跃明 |
RECENT DEVELOPMENT
No recent development was found during our checks at present.
SHAREHOLDER CHART & BACKGROUND
Name of Higher Authority
China National Petroleum Corporation
中国石油天然气集团公司
---------------------------------
Date of Registration: February 9, 1990
Registration No.: 100000000010438
Legal Form: State-Owned Enterprise
Chief Executive: Jiang Jiemin 蒋洁敏
Registered Capital: CNY 379,863,460,000
Address: 9 Dongzhimen North Street,
Dongcheng District, Beijing, P.R. China, 100007
Phone: +86 10 6209 4114
Fax: +86 10 6209 4205
Web: www.cnpc.com.cn
E-mail: admin_eng@cnpc.com.cn
MANAGEMENT
Bi Yueming (毕跃明), Legal
Representative and General Manager
--------------------------------------------------------------------------------------
Ø
Gender: M
Ø
Qualification:
University
Ø
Working
experience (s):
At
present, working in SC as legal representative and general manager
BUSINESS OPERATION
SC’s registered business scope includes permit business scope: send foreign
labor needed by the implementation of overseas projects; operation of hazardous
chemicals (specific scope, see hazardous chemicals business license, validity
period as of Nov. 29, 2013). General business scope: importing and exporting;
barter trade; consignment business; contracting international transport agency
business of sea, rail transport, air transport, road transport, importing and
exporting goods; renting equipment; bidding agency business; economic and
technological exchanges; technical advice, technical services, technology
transfer, technical cooperation and
development; contracting overseas petrochemical projects; selling cars.
(该公司的法定经营范围包括：许可经营项目：对外派遣实施境外工程所需的劳务人员；危险化学品经营（具体范围见危险化学品经营许可证，有效期至
SC is mainly
engaged in international trade. (该公司目前实际主要从事国际贸易业务。)
SC’s products
mainly include:
n
petroleum drilling equipment
n
line pipe and oil country tubular goods
n
oilfield chemicals
n
geophysical exploration, logging, mud logging and
well testing equipment
n
drilling, work-over and production tools
n
oil production equipment
n
oilfield surface facilities
n
petrochemical and refinery equipment
n
offshore equipment
SC sources its materials 80% from domestic market, and 20% from the overseas market, mainly European countries. SC sells 20% of its products in domestic market, and 80% to the overseas market, mainly American and European countries.
The buying terms of SC include Check, T/T, L/C and Credit of 30-60 days.
The payment terms of SC include T/T, L/C and Credit of 30-60 days.
*Major Customer:
=============
Casco Ltd.
Staff & Office:
--------------------------
SC is known
to have approx. 800 staff at
present.
SC owns an area as
its operating office, but the detailed information is unknown.
RELATED COMPANY
SC is known to have 4
subsidiaries at present:
China
Petroleum (Tianjin) Logistics Co., Ltd.
中油（天津）物流有限公司
Zhuhai
Jingchu Petroleum Technology Development Co., Ltd.
珠海京楚石油技术开发有限公司
Nanyang
RG Petro-Machinery (Group) Co., Ltd.
南阳二机石油装备（集团）有限公司
HG
(Hebei) Drilling Equipment Co., Ltd.
华油一机（河北）钻井装备有限公司
PAYMENT
Overall payment appraisal:
( ) Excellent ( ) Good (X) Average ( ) Fair ( ) Poor ( ) Not yet be determined
The appraisal serves as a reference to reveal SC's payments habits and
ability to pay. It is based on the 3
weighed factors: Trade payment experience (through current enquiry with SC's
suppliers), our delinquent payment records and our debt collection record
concerning SC.
Trade payment experience: SC did not
provide any name of trade/service suppliers and we have no other sources to
conduct the enquiry at present.
Delinquent payment record: None in our
database.
Debt collection record: No overdue amount
owed by SC was placed to us for collection within the last 6 years.
BANKING
Basic Bank:
Bank
of China
中国银行
AC#:
00050708243014
FINANCIALS
Financial Summary
|
Unit: CNY’000 |
As
of Dec. 31, 2011 |
|
Long term investment |
48,025 |
|
Total assets |
12,111,375 |
|
|
------------- |
|
Long term liabilities |
4,085 |
|
Total
liabilities |
6,400,850 |
|
Equities |
5,710,525 |
|
|
------------- |
|
Revenue |
17,088,578 |
|
Profit before
tax |
806,861 |
|
Less: profit tax |
198,499 |
|
Profits |
608,362 |
Note: The detailed financials for Y2011 are not available in SAIC.
Important Ratios
=============
|
|
As
of Dec. 31, 2011 |
|
*Liabilities
to assets |
0.53 |
|
*Net profit
margin (%) |
3.56 |
|
*Return on
total assets (%) |
5.02 |
|
*
Revenue/Total assets |
1.41 |
FINANCIAL COMMENTS
PROFITABILITY:
FAIRLY GOOD
l
The revenue of SC appears good in its line.
l
SC’s net profit margin is fairly good.
l
SC’s return on total assets is fairly good.
LIQUIDITY: AVERAGE
l
SC’s revenue is in an average level, comparing with
the size of its total assets.
LEVERAGE: FAIRLY
GOOD
l
The debt ratio of SC is low.
l
The risk for SC to go bankrupt is low.
Overall financial condition
of the SC: Fairly Good.
CONCLUSIONS
SC is considered large-sized in its line with fairly good financial
conditions. Taking into consideration of SC’s good background, a credit line up
to USD 20,000,000 would appear to
be within SC’s capacities.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. |
|
|
1 |
Rs. |
|
Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
-- |
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%)