MIRA INFORM REPORT
|
Report
Date : |
03.02.2007 |
IDENTIFICATION
DETAILS
|
Name : |
LAMPEX ELECTRONICS LIMITED |
|
|
|
|
Registered
Office : |
#
6-2/231/B, Kukatpally, Hyderabad –500072, Andhra Pradesh |
|
|
|
|
Country
: |
India |
|
|
|
|
Financials
(as on) : |
31.03.2005 |
|
|
|
|
Date of
Incorporation : |
01.04.1991 |
|
|
|
|
Com.
Reg. No.: |
01-12507 |
|
|
|
|
CIN No.: [Company Identification No.] |
L29309AP1991PLC012506 |
|
|
|
|
TAN
No.: (Tax
Deduction & Collection Account No.) |
HYDL00350A |
|
|
|
|
Legal
Form : |
A closely held public limited liability company. |
|
|
|
|
Line
of Business : |
Manufacturers of Liquid Crystal Displays, LCD Modules and
Mini printers. |
RATING & COMMENTS
|
MIRA’s
Rating : |
Ba |
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum
Credit Limit : |
USD
325000 |
|
|
|
|
Status
: |
Satisfactory
|
|
|
|
|
Payment
Behaviour : |
Regular |
|
|
|
|
Litigation
: |
Clear |
|
|
|
|
Comments
: |
Subject is a well established company having satisfactory
track. Trade relations are fair. General financial position is satisfactory.
Payments are usually correct and as
per commitments. The company can be considered normal for business dealings
at usual trade terms and conditions. |
LOCATIONS
|
Registered
Office / Corporate
office : |
6-2/231/B,
Kukatpally, Hyderabad –500072, Andhra Pradesh, India |
|
Tel.
No.: |
91-40-23157701
[[9 lines] |
|
Fax
No.: |
91-40-23157710 |
|
E-Mail
: |
General: hr@lampex.com LCD
Sales: sales@lampex.com ESD: esd@lampex.com Semiconductor: semicon@lampex.com |
|
Website
: |
|
|
|
|
|
National
Distributors : |
MITALI ENTERPRISES/ SAYALI ELECTRO
SYSTEMS B 302, Chandralok
co-operative hsg. society,Near V. P. M. High School, New Nanepada Road,
Mulund(E), Mumbai-81.INDIA Tel :
91-22-55972266 Tel Fax: 91-22-25657179 Email:mitali_ent@yahoo.com, Contact Person: Mr.
Sunil Gogate / Mrs. Neha Garud NDS COMPONENTS Kuber bhaichand's
Lane, Opp, Sayaji Girls High School, Ghadayali Pole, Vadodara,Gujarat. Tel :
91-265-2424995
9820131244 (M) Email: nds@vsnl.com Contact
Person: Mr. Neelesh Desai ELMATRONIK SALES CORPORATION Gandhi Peak, N(319)
(o)144, Bharathi Salai,Rayapettah, Chennai-600014.INDIA. Tel : 91-44-2848 7346
/ 7212 / 6477 Fax : 91-44-2848 7029 Email :
escorp@vsnl.com Website: www.indiamart.com/elmatronick Contact Person: Mr.
S. Mahendran DRIVE TECHNOLOGIES 198, Somwarpet,Near
Duruwal Bridge, Pune-411011.INDIA Tel :
91-20-4329526 / 36 Fax : 91-20-631490 Email: drivetech@eth.net Contact
Person: Mr. Pradeep Parulekar PROMOTIVE ELECTRONICS
Tele Fax :
91-80-3347959, 3317387 Email : Info@promotiveelectronics.com Contact Person: Mr. Raghavendhra ROTEK ELECTRONICS 15 Narasingapuram
Street, Chennai - 600 002 Tel :
91-44-28534588 / 28535574 Email:rotek@vsnl.com Contact Person: Mr.
Gajandhra |
|
|
|
|
International
Distributors: |
USA DR INT'L.TRADING,
INC., Mobile : 612-239-6677 Contact Person: MR. RAVI SLOVAKIA
|
DIRECTORS
|
Name : |
Mr. Nidamarthy Siva Prasad |
|
Designation
: |
Managing Director |
|
Address
: |
6-2/231/B,
Kukatpally, Hyderabad –500072, Andhra Pradesh, India |
|
Date
of Birth/Age : |
01/03/1969 |
|
Date
of Appointment : |
01/04/1991 |
|
|
|
|
Name : |
Mr. Nidamarthy Sushil Kumar |
|
Designation
: |
Director |
|
Address
: |
6-2/231/B,
Kukatpally, Hyderabad –500072, Andhra Pradesh, India |
|
Date
of Birth/Age : |
4/07/1940 |
|
Date
of Appointment : |
1/04/1991 |
|
|
|
|
Name : |
Ms. Nidamarthy Mahalakshmi |
|
Designation
: |
Director |
|
Address
: |
6-2/231/B,
Kukatpally, Hyderabad –500072, Andhra Pradesh, India |
|
Date
of Birth/Age : |
10/10/1970 |
|
Date
of Appointment : |
12/10/1999 |
|
|
|
|
Name : |
Mr. Mohammed Abdul Quadeer Asim |
|
Designation
: |
Director |
|
Address
: |
10-1-35/1/2, Masad Tank, Hyderabad-500028 |
|
Date
of Birth/Age : |
26/04/1972 |
|
Date
of Appointment : |
29/09/2003 |
|
|
|
|
Name : |
Mr. Mohd A Azeem Atif |
|
Designation
: |
Director |
|
Address
: |
10-1-35/1/2, Masad Tank, Hyderabad-500028 |
|
Date
of Birth/Age : |
27/06/1967 |
|
Date
of Appointment : |
29/09/2003 |
MAJOR SHAREHOLDERS
|
Names of Shareholders |
|
No. of Shares |
|
N Siva Prasad |
|
6860000 |
|
N Sushil Kumar |
|
280 |
|
N Mahalakshmi |
|
110320 |
|
M A
Quadeer Asim |
|
280 |
|
M A Azeem
Atif |
|
280 |
|
N
Himagouri |
|
28280 |
|
Pushpa
Ramdas |
|
280 |
|
Ramdas
Panicker |
|
280 |
|
Total |
|
7000000 |
BUSINESS DETAILS
|
Line
of Business : |
Manufacturers of Liquid Crystal Displays, LCD Modules and
Mini printers. |
||||||||||||||
|
|
|
||||||||||||||
|
Products
: |
|
GENERAL INFORMATION
|
|
|
||||||||||||
|
No. of
Employees : |
80 |
||||||||||||
|
|
|
||||||||||||
|
Bankers
: |
State Bank of Hyderabad, Sanath Nagar, Hyderabad-500018 |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors
: |
T. Raghavendra and Associates Chartered Accountants G-4, Priya Apartments, Rajbhavan Road, Somajiguda,
Hyderabad – 500082 |
|
Tel.
No.: |
91-40-55626242 / 55626243 |
|
|
|
|
Associates/Subsidiaries
: |
Nil |
CAPITAL STRUCTURE
Authorised
Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs. 10/-each |
Rs. 100.000 millions |
|
|
|
|
|
Issued,
Subscribed & Paid-up Capital :
|
No. of
Shares |
Type |
Value |
Amount |
|
7000000 |
Equity Shares |
Rs. 10/-each |
Rs. 70.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share
Capital |
70.000 |
50.000 |
35.000 |
|
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3]
Reserves & Surplus |
13.128 |
22.759 |
15.794 |
|
|
4]
(Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
NETWORTH
|
83.128 |
72.759 |
50.794 |
|
|
LOAN
FUNDS |
|
|
|
|
|
1]
Secured Loans |
42.896 |
0.000 |
0.000 |
|
|
2]
Unsecured Loans |
0.000 |
36.293 |
40.337 |
|
TOTAL
BORROWING
|
42.896 |
36.293 |
40.337 |
|
|
DEFERRED
TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
TOTAL
|
126.024 |
109.052 |
91.131 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block]
|
22.957 |
25.185 |
28.354 |
|
Capital work-in-progress
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT
|
0.000 |
0.000 |
0.000 |
|
DEFERREX TAX ASSETS
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES
|
|
|
|
|
|
|
Inventories
|
89.353
|
70.167 |
68.255 |
|
|
Sundry Debtors
|
33.951
|
28.050 |
10.421 |
|
|
Cash & Bank Balances
|
0.036
|
1.267 |
0.190 |
|
|
Other Current Assets
|
14.139
|
12.928 |
12.881 |
|
|
Loans & Advances
|
2.102
|
0.081 |
0.644 |
Total Current Assets
|
139.581
|
112.493 |
92.391 |
|
Less : CURRENT LIABILITIES & PROVISIONS
|
|
|
|
|
|
|
Current Liabilities
|
28.710
|
20.341 |
22.883 |
|
|
Provisions
|
7.804
|
8.285 |
6.731 |
Total Current Liabilities
|
36.514
|
28.626 |
29.614 |
|
Net
Current Assets
|
103.067 |
83.867 |
62.777 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL
|
126.024 |
109.052 |
91.131 |
|
PROFIT & LOSS ACCOUNT
|
PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other income]
|
189.837 |
166.218 |
117.240 |
|
|
|
|
|
Profit/(Loss) Before Tax
|
13.936 |
24.235 |
12.324 |
Provision for Taxation
|
3.867 |
2.270 |
1.059 |
Profit/(Loss) After Tax
|
10.069 |
21.965 |
11.265 |
|
|
|
|
|
Export Value
|
11.165 |
42.240 |
24.755 |
|
|
|
|
|
Import Value
|
NA |
80.969 |
67.640 |
|
|
|
|
|
Total Expenditure
|
175.901 |
141.984 |
104.916 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
PAT / Total Income
|
(%)
|
5.30
|
13.21 |
9.60 |
|
|
|
|
|
|
Net Profit Margin
(PBT/Sales) |
(%) |
7.34
|
14.58 |
10.51 |
|
|
|
|
|
|
Return on Total Assets
(PBT/Total
Assets} |
(%) |
8.57
|
17.60 |
10.20 |
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.16
|
0.33 |
0.24 |
|
|
|
|
|
|
Debt Equity Ratio
(Total
Liability/Networth) |
|
0.95
|
0.89 |
0.72 |
|
|
|
|
|
|
Current Ratio
(Current
Asset/Current Liability) |
|
3.82
|
3.92 |
3.11 |
LOCAL AGENCY FURTHER INFORMATION
FIXED ASSETS
- Air
Condition
- Computer
- Dies
and Tools
- Office
Equipment
- Furniture
and Fixture
- Machinery
- Motor
Cars
- Scooters
- Testing
Equipment
- Lift
- Electrical
Installations
- Car
Shed
|
Name
of the company |
LAMPEX ELECTRONICS LIMITED |
|||||||||||||||||||||||||||||||||||||||||||||
|
Presented By |
MR. NIDAMARTHY SIVA
PRASAD, MANAGING DIRECTOR |
|||||||||||||||||||||||||||||||||||||||||||||
|
1) Date
and description of instrument creating the change |
Dated 21.02.1999 Cash credit hypothecation of goods, debts and assets. Hypothecation of goods, Book dents, security of LC and
Guarantee facilities. Agreement for OD against supply bills, drafts, discounting
facilities |
|||||||||||||||||||||||||||||||||||||||||||||
|
2) Amount
secured by the charge/amount owing on the securities of charge |
Composite
bills limits in favour of OD against bills with tenor period of 60 days. |
|||||||||||||||||||||||||||||||||||||||||||||
|
3) Short
particular of the property charged. If the property acquired is subject to
charge, date of the acquired of the property should be given |
Stock in trade of finished goods, raw materials, stores
and spares, WIP for manufacture of liquid crystal display situated at No.
6-6/1, Hyderabad or in transit. Equitable mortgage by way of deposit of title deeds of
house property belonging to N Gowri an agari, land situated at Sultanpur,
Patancheru belonging to N Sushil and Lalitha. Personal guarantee of the director Mr. N Sushil Kumar and N Siva Prasad. Demand Promissory
note Rs. 2.500 Millions |
|||||||||||||||||||||||||||||||||||||||||||||
|
4) Gist
of the terms and conditions and extent and operation of the charge. |
Margin of 25 % on all stocks interest at 3.75 % above
SBILPR subject to minimum of 18.75 % p.a. Charges and commission etc, applicable time to time, 75 %
of amount shown in bills and invoices with interest at 3.75 % above SBIPLR
subject to minimum of 18.75 % |
|||||||||||||||||||||||||||||||||||||||||||||
|
5) Name
and Address and description of the person entitled to the charge. |
State Bank of Hyderabad, Sanath Nagar, Hyderabad-500018 |
|||||||||||||||||||||||||||||||||||||||||||||
|
6)
Date and brief description of
instrument modifying the charge |
Dated 08.04.2005 Form C – 1 – A, Supplemental agreement of loan for
increase in overall limits Form C 2A, Supplemental agreement of hypothecation of goods and assets for increase in the
overall limits. Form C3A Supplemental agreement of pledge of goods and
assets for increase in the overall limits. Form C 4 A Supplemental deed of guarantee for increase in
overall limits Form C 5 Letter regarding the grant of individual limits
within the overall limits Letter confirming the deposit of title deeds for extension
of the existing mortgage. Sanction letter Board resolution copy.
|
|||||||||||||||||||||||||||||||||||||||||||||
|
7)
Particulars of modifications specifying the terms and conditions or the
extent of operations of the charge in which modification is made and the
details of the modification. |
The overall limits are enhanced from Rs. 91.843 Millions
to Rs. 150.329 Millions. The limits are revised as follows.
First change by hypothecation of all stocks of raw
materials, stock in process, finished goods, consumables, spares, book debts,
receivables and all other liquid assets present and future. First charge by pledge of machinery valued at Rs. 11.449
millions Term loan III Repayable in 20 quarterly installments of
Rs. 0.430 millions with initial moratorium of three months. Interest : 0.5 % above SBIPLR presently 11.40 % p.a. with
monthly rests. No change in existing terms and conditions. |
Financial
The turnover during 2003-04 was Rs. 162.793 Millions as
compared to Rs. 113.220 Millions during 2002-03 registering a growth of 44
% the profitability has almost doubled from Rs. 11.265 Millions in
the last year to Rs. 21.965 Millions during this year. The net profitability
percentage has also increased from 9.95 % during last year to 13.21 % during
this year.
Software Exports
The decision to enter the Embedded Software market has been
very profitable for the company. They have already achieved about Rs. 44.347
Millions turnover in software exports up to end of lat year form the time to
time they took registration as a 100 % EOU in January 2002. They have thus
fulfilled the turnover criteria set for them by the STPI. The company is
striving to enhance this area of operations.
Management
Professionalism and decentralization of responsibility
remain the everyday mantra and in this exercise they have been helped to a great degree with the
implementation of the ISO 9001:2000. The audit of the ISO certification process
is complete and they should be getting the relevant certificate from TUV
RHEINLAND shortly. The rewards of these efforts should accrue in the coming
years.
AS PER WEBSITE
Lampex is a business solution provider with a global
focus. Manufacturing of LCDs, LCD Modules and Semiconductors have been its
thrust areas since its inception in 1991. Its recent foray into the Information
Technology Sector through Embedded Systems and Software development, is in tune
with its plans for lateral expansion and globalisation.
State-of-the-art
technology and infrastructure, cutting-edge tools and techniques, pro-active
R&D, sound HR backbone, astute management and marketing strategy have
together helped Lampex establish itself as a leading player in the global
markets.
Lampex
was incorporated in 1991 as a Private Limited Company and attained the status
of a public limited company on 1st April 2002. A sign that Lampex intends to
bring to the fore a decade of excellence and expertise and underline its global
presence.
The
Vision:
It
takes a strong mission to fulfil the guidelines of one's chosen vision. In
addition to constant innovation, sourcing of quality human resources, up
gradation of technology and tools, there is a sustained, relentless striving
for all around quality in both products and services.
Vision
is to provide:
- Absolute
quality
- Single source solutions
- Logistics management
- Opportunity windows to customers
- Highly competitive pricing
- Commitment to delivery schedule
Efforts are backed by:
- Professional
Management
- Impeccable work ethics
- Customer participation
- Beneficial tie-ups and alliances
- Constant cost-cutting leading to better pricing
LAMPEX
-The Mission Statement:
To
be the best in India and world leader in LCDs and LCD module manufacturing. To
be the foremost Embedded Systems Design House, and leader in the Semiconductors
sector in the country. Theyhave always aimed to provide high quality products
and innovations in the LCD, LED, Semiconductor, and Embedded Systems &
Software Development Application segments to global markets at competitive
price. Theybelieve in facilitating state-of-the-art solutions to meet specific requirements
of clients worldwide. Theyare fully equipped and geared to meet any kind of
requirement with appropriate technology and manpower, and have the ultimate
goal of becoming a leading technology company in the world and staying at the
top.
Profile:
LAMPEX
offers a complete line of standard Segment, Alphanumeric, Graphical & AM
TFT LCDs & LCMs, that are very dependable and cost competitive. Theyhave
also produced many Customized LCD's & LCM's, and offer the best of customer
support.
- 1980 Business established
- Entered the LCD market
- TN Type LCD & LCM production began
- STN Character & Small Graphic Modules, production
began Colour LCDs
- Touch screens, introduced
- 2002 Started Software Development Centre...
All
manufacturing is done with over 12 years of established processes and quality
control. All of manufacturing
facilities are certified to ISO 9002 standards Lampex displays are built in a
fully automated, state-of-the-art LCD plant with over 5000sq. ft. of clean
rooms, testing and quality control areas.
Lampex
products are marketed through a network of marketing associates who are
positioned and geared to handle every little detail that independent sales
representatives can handle. OEM customers from industries as different as
telecom ,medical, industrial control, robotics, computers and consumer
appliances continue to be the mainstay of the day-to-day operations.
Staff understands the intensity of
engineering support required in the initial stages of product design.
Theyprovide technical assistance at every stage of the selection and design
process for all standard modules and for all custom designs.
Custom design capabilities include the
following technologies:
Back light: E/L, LED CCFL etc.,
IC package: QFP,
COB, TAB, COG etc.,
Heat seal, FPC,
Touch screen, LCD heaters, anti-glare polarizer etc.,
Theyare continuing to upgrade and expand existing product line, and to add new
products as new technologies emerge.
The
Quality Policy of LAMPEX is focussed on striving to exceed every benchmark
of execellence by continuous improvement and adherence quality management
systems, in a way that customer satisfaction is guaranteed in the manufacture
of its products and rendering of its services
The
Benefits:
The
Lampex benefits are abilities to add value, and provide a competitive edge for
the customers in the global market. As a partner-supplier, theyare committed to
delivering additional value to your business.
I.
Quality: All production services are certified, and
utilize the most modern equipments, to produce the highest quality displays.
Quality is religion that is close to every heart in Lampex.
II.Selection: Lampex provides one of the best standard LCDs
in the industry. standard for character
modules is 8x2 up to 40x4,and graphic displays is 122 x 32 up to 640 x
480.Theyoffer colour displays in 3.9"& 5.7" QVGA, 7" &
10.4" VGA. Many of displays are
also offered with integrated touch -screens.
III.Capability: Lampex has extensive experience in custom
displays. experienced staff is ready to
guide you through a custom LCD, from concept to volume production.
IV.Technology: Lampex has been constantly striving to stay at
the forefront of LCD technology.
current technology offerings include COG, COF, TAB, and color STN.
V.Support:
Company's experienced sales and engineering staff is ready, and
committed in supporting you through every phase of your project .Theyhave the
experience and knowledge, to ensure and deliver success.nju8
VI.Flexibility: The Lampex organization is geared to support customers
at every phase of a project. Theycan offer
customers a tailored support program in areas such as quick sample
turn-around, value-add requirements, and inventory stocking programs, JIT/MRP
programs.
VII.Price: By utilizing
global partnerships, theycan offer the very best pricing to customers.
short and long-term corporate strategy is to ensure that theyare always
at the leading edge of any cost savings technology, processes and
opportunities.
The
People & Infrastructure:
Behind operations and procedures are teams of
masterminds, professionals with strong technical skills and years of experience
at work. Experts from diverse fields like electronics, hardware, software,
finance, marketing and management spearhead these teams.
Theyhave
have scaled new heights and achieved milestones due to the unstinting efforts
of employees at all levels. Theyhave
established a highly advanced manufacturing unit in Hyderabad, INDIA, with the
right space, equipment and manpower. A team of Project managers, supplemented
by Project Leaders with dedicated workforce are involved in onsite assignments
at all times. A strong marketing network helps develop the business on par with
international standards and specifications.
The
Future:
- Setting up of COG and TAB line assembly for Mono &
Colour LCMs.
- LCD panel manufacturing unit to be set up.
- Setting up of a VLSI development centre.
- Setting up of a Ultra Modern Automated Semiconductor
Packaging line.
- To launch new products in Embedded Systems aimed at
local and international markets.
- To create a massive centralised research and
development facility meeting international quality expectations .
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 44.11 |
|
UK Pound |
1 |
Rs. 86.79 |
|
Euro |
1 |
Rs. 57.44 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP
CAPITAL |
1~10 |
5 |
|
OPERATING
SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS
SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT
LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT
POINTS |
|
|
|
--BANK
CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER
ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT
POINTS |
|
|
|
--SOLE
DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT
ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER
MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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 |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound
financial base with the strongest capability for timely payment of interest
and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working
capital. No caution needed for credit transaction. It has above average
(strong) capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base
are regarded healthy. General unfavourable factors will not cause fatal
effect. Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered
normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable
factors carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |