%20PRIVATE%20LIMITED%20-%2067338%2009-Dec-2008_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
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Registered Office : |
Maker Bhavan No. 2, 5th Floor, New Marine Lines, Mumbai – 400020, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
06.11.1985 |
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Com. Reg. No.: |
11-37995 |
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CIN No.: [Company
Identification No.] |
U31300MH1985PLC037995 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRM01567G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and marketing of PCB Interconnection System, Ribbon Cable Connectors, IC Sockets, Micro Spoc Interconnection System, PCB Edge Card Connectors, Telephone Plugs & Jacks, Breakaway Headers, Disk Drive, Power Connector and Custom Made Hardness. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 4100000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Mr. Chintak Dalal (Managing Executive) confirmed that company become private limited company since July 2008. His cell no. is 09323913387. Subject is a well established company having satisfactory track. Trade relations are fair. Financial position is satisfactory. Payments are usually correct and as per commitments.
The company can be considered good for any normal business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
Maker Bhavan No. 2, 5th Floor, New Marine Lines, Mumbai – 400 020, Maharashtra, India |
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Tel. No.: |
91-80-28452911-20 / 2030261 / 62 / 2052508 |
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Fax No.: |
91-80-28452922/ 22052509 |
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E-Mail : |
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Website : |
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Corporate Office / Factory |
Plot No. 64, Sadaramangala Industrial Area, Kadugodi, Bangalore – 560 067, Karnataka, India |
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Tel. No.: |
91-80-2845 2911 to 20 (10 Lines) |
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Fax No.: |
91-80-2845 2922 /21 |
DIRECTORS
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Name : |
Mr. Niranjan
Kantilal Shah (Foreign) |
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Designation : |
Whole Time
Director |
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Address : |
B / 201, Retreat
Tower, Opposite Shyamal Row, Houses No. 1, 132, Ring Road, Satelite,
Ahmedabad – 380015, Gujarat |
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Date of Birth/Age : |
13.05.1948 (50
years) |
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Qualification : |
BE, MBA |
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Experience : |
25 years |
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Date of Appointment : |
24.06.1993 |
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Date of Ceasing: |
08.07.2002 |
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Previous Employment: |
Container
Corporation of America Manufacturing Engineer (3 years) |
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Name : |
Ms. Minal
Niranjan Shah |
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Designation : |
Director |
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Address : |
131, Neelamber, 37,
G. D. Marg, Mumbai – 400026, Maharashtra |
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Date of Birth/Age : |
14.07.1951 |
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Date of Appointment : |
30.01.2003 |
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Name : |
Mr. Engler Werner
(Foreign) |
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Designation : |
Director |
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Address: |
12, Pierce Road,
Singapore – 248537. |
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Date of Birth/Age : |
15.12.1950 |
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Date of Appointment : |
24.02.2002 |
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Ceasing Date: |
27.03.2003 |
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Name : |
Mr. Frederick
August Krehbiel (Foreign) |
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Designation : |
Director |
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Address : |
505, S. County Line
Road, Flan sale Minors, USA – 60521 |
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Date of Birth/Age : |
02.06.1941 |
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Date of Appointment : |
26.03.1987 |
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Name : |
Mr. Thomas
Sturges Lee (Foreign) |
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Designation : |
Director |
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Address : |
234 E, Third
Street, Hindsale – 60521 |
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Date of Birth/Age : |
28.11.1955 |
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Date of Appointment : |
23.05.1988 |
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Name : |
Mr. Mahesh
Laxmidas Shrikant |
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Designation : |
Director |
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Address: |
Mumbai –400 049,
Maharashtra |
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Ceasing Date: |
28.08.2002 |
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Date of Birth/Age : |
23.01.1936 |
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Date of Appointment : |
18.10.1987 |
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Name : |
Mr. James Earl
Fleischhakker (Foreign) |
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Designation : |
Director |
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Address : |
415, Millcreek
Lane, Napreville - 60540 |
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Date of Birth/Age : |
13.05.1944 |
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Date of Appointment : |
12.04.2000 |
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Name : |
Mr. Robert
Buchanan Mahoney |
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Designation : |
Director |
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Address : |
353, West Dickens
Apartments – 2 W, Chicago Illinois - 60614, U.S.A. |
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Date of Birth/Age : |
06.08.1953 |
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Date of Appointment : |
25.03.2004 |
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Name : |
Mr. Chandrakant
Jechand Shah |
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Designation : |
Secretary |
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Address : |
No. 165, 4th
Cross, 5th Main Road, Defence Colony, Hal 2nd Stage,
Indiranagar, Bangalore – 560038, Karnataka, India |
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Date of Birth/Age : |
26.10.1928 |
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Date of Appointment : |
01.02.2001 |
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Election Commission Identity Card No. : |
LBR3293529 |
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Name : |
Mr. David Bowen
Root |
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Designation : |
Director |
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Address : |
420, West Benton
Avenue, Naperville, USA - 60540 |
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Board of Directors : |
Audit
Committee
Compensation
Committee
Nominating
& Corporate Governance Committee
Executive
Committee
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KEY EXECUTIVES
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Name : |
Mr. Chandrakant
Jechand Shah |
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Designation : |
Company Secretary
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Address : |
B/201, Retreat
Tower, 132, Ring Road, Satellite, Ahmedabad – 380015.Gujarat |
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Date of Birth/Age : |
26-10-1928 |
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Date of Appointment : |
01-02-2001 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Molex International Inc. |
24599999 |
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Molex Incorporated |
1 |
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Niranjan Jeewalal Shah |
10 |
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Satish Ramanlal Mehta |
10 |
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Usha C. Narvekar |
10 |
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Rohini Niranjan Shah |
499200 |
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Aims Investments and Trades Private Limited |
50000 |
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Niranjan J. Shah |
10 |
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Minal Shah |
10 |
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Niranjan J. Shah |
10 |
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Minal N. Shah |
10 |
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Niranjan J. Shah |
25000 |
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Niranjan Jeewanlal Shah |
25000 |
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Niranjan J. Shah |
20000 |
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Niranjan Jeewanlal Shah |
25000 |
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Niranjan J. Shah |
20000 |
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Minal N. Shah |
10 |
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Niranjan J. Shah |
25000 |
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Minal N. Shah |
20000 |
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Niranjan Kantilal Shah |
749600 |
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Niranjan J. Shah |
25000 |
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Niranjan J. Shah |
25000 |
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Niranjan J. Shah |
25000 |
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Aniket N. Shah |
25000 |
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Niranjan J. Shah |
25000 |
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Niranjan J. Shah |
21600 |
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Minal N. Shah |
71530 |
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Niranjan J. Shah |
25000 |
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Niranjan J. Shah |
25000 |
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Anirudh N. Shah |
25000 |
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Minal N. Shah |
8000 |
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Niranjan J. Shah |
8000 |
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Mohan S. Singrachar |
312500 |
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Niranjan Jeewanlal Shah |
25000 |
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Niranjan Jeewanlal Shah |
25000 |
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Molex Internatiol Inc. |
10 |
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TOTAL |
26730520 |
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Category |
Percentage |
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Foreign Holding (Flls/FCs/FFls/NRls/OCBs or Others) |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and marketing of PCB Interconnection System, Ribbon Cable Connectors, IC Sockets, Micro Spoc Interconnection System, PCB Edge Card Connectors, Telephone Plugs & Jacks, Breakaway Headers, Disk Drive, Power Connector and Custom Made Hardness. |
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Products : |
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Brand Names : |
‘MOLEX’ |
PRODUCTION STATUS
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Particulars |
Unit |
Installed
Capacity |
Actual Production |
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Professional Grade Connectors |
Nos. |
Not yet ascertained |
991690381 |
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GENERAL
INFORMATION
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No. of Employees : |
Around 400 |
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Bankers : |
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Banking
Relations : |
Good |
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Auditors : |
Chartered Accountants, Deloitte House, 70/3, Miller Road, Bangalore – 560052, Karnataka, India Tel. No. : 91-80-2254610
Chartered Accountants, ‘Poornima’, 25, State Bank Road, Bangalore – 560001, Karnataka, India Tel. No. : 91-80-25587385 / 25586814 Fax No. : 91-80-25594661 Grams : ‘SUREAUDIT’ E-mail : kprao@vsnl.com
Chartered Accountants Poornima, No.25, State Bank Road, Bangalore 560001,Karnataka, India. |
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Associates : |
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Subsidiaries : |
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Parent Company : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2500000 |
Equity Shares |
Rs. 100/- each |
Rs. 250.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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24960000 |
Equity Shares |
Rs. 10/- each |
Rs. 249.600 millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
249.600 |
249.600 |
249.600 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
564.256 |
491.899 |
436.777 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
813.856 |
741.499 |
686.377 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
12.431 |
0.000 |
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TOTAL |
813.856 |
753.930 |
686.377 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
167.363 |
178.890 |
177.719 |
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Capital work-in-progress |
2.515 |
6.366 |
2.865 |
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INVESTMENT |
46.869 |
46.868 |
50.939 |
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DEFERREX TAX ASSETS |
18.168 |
0.000 |
4.662 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
372.909 |
256.364 |
173.033 |
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Sundry Debtors |
679.871 |
388.907 |
256.519 |
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Cash & Bank Balances |
62.170 |
176.249 |
152.582 |
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Other Current Assets |
0.000
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0.000
|
0.000 |
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Loans & Advances |
472.090 |
309.413 |
265.067 |
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Total
Current Assets |
1587.040
|
1130.933 |
847.201 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
742.853 |
609.129 |
397.009 |
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Provisions |
265.247
|
0.000
|
0.000 |
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Total
Current Liabilities |
1008.100 |
609.129 |
397.009 |
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Net Current Assets |
578.941 |
521.804 |
450.192 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
813.856 |
753.930 |
686.377 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
1313.716 |
785.728 |
987.550 |
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Other Income |
35.078 |
35.078 |
0.000 |
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Total Income |
1348.794 |
820.806 |
987.550 |
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Profit/(Loss) Before Tax |
99.033 |
99.033 |
76.646 |
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Provision for Taxation |
0.000 |
456.862 |
33.601 |
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Profit/(Loss) After Tax |
99.033 |
357.829 |
43.045 |
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Earnings in Foreign Currency : |
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Other Earnings |
NA |
527.986 |
411.238 |
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Total Earnings |
NA |
527.986 |
411.238 |
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Imports : |
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Others |
NA |
0.000 |
424.110 |
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Total Imports |
NA |
0.000 |
424.11 |
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Expenditures : |
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Raw
Material Consumed |
544.791 |
544.791 |
519.442 |
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Purchases
made for re-sale |
387.253 |
387.253 |
116.860 |
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Consumption
of stores and spares parts |
33.613 |
33.613 |
32.045 |
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Increase/(Decrease)
in Finished Goods |
(2.326) |
(2.326) |
(3.599) |
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Salaries,
Wages, Bonus, etc. |
70.100 |
70.196 |
50.420 |
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Managerial
Remuneration |
0.753 |
0.753 |
0.706 |
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Payment
to Auditors |
0.424 |
0.424 |
0.281 |
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Insurance
Expenses |
4.272 |
4.272 |
5.641 |
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Power
& Fuel |
13.811 |
13.811 |
12.271 |
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Depreciation
& Amortization |
40.476 |
40.476 |
35.042 |
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Other
Expenditure |
156.494 |
156.494 |
141.790 |
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Total Expenditure |
1249.761 |
1249.761 |
910.903 |
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KEY RATIOS
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PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
07.34
|
43.59
|
4.35 |
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Net Profit Margin (PBT/Sales) |
(%) |
07.53
|
12.60
|
7.76 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
05.43
|
7.56
|
7.47 |
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Return on Investment (ROI) (PBT/Networth) |
|
12.16
|
0.13
|
0.11 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.23
|
0.82
|
0.57 |
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Current Ratio (Current Asset/Current Liability) |
|
1.57
|
1.85
|
2.13 |
LOCAL AGENCY
FURTHER INFORMATION
HISTORY
The company has shifted its entire operations to it’s Bangalore office.
The company has been enjoying the benefits and privileges arising from the ISO 9002 certification. The company is in the process of obtaining QS 9000 certification.
The company has technical collaboration agreement with Molex of USA who is one of the world leaders of manufacturing electronic connectors.
As part of an expansions program the company recently embarked upon, it acquired along with Molex International Inc., a majority stake in Molex Mafatlal Micron Limited. This company, which was a division of Mafatlal Industries Limited, manufactures Euro and IDC Connectors in collaboration with Siemens of Germany. This acquisition will enable Molex to increase its presence in the Telecom Business in India, by bringing about synergies in manufacturing and marketing.
The company introduced two new product range. The Gigapack range of high performance UTP products was launched to address the high end market need to support 622 Mbps ATM and Gigabit Ethernet and the other range of MLX power connectors for Home appliance, HVAC, Industrial Automation markets, etc.
The company continues to be a major foreign exchange earner in the Connector Industry.
An amount of Rs. 49.376 millions is due to Molex Inc., U.S.A. towards supplies on capital goods made in previous years. Which stands converted into an external commercial borrowing from Moles Inc., U.S.A. from June 2001 onwards. This loan is repayable by June 2001. This is to be paid as single bullet repayment at the end of the third year, June 2004.
FIXED ASSETS:
- Land
- Buildings
- Dies and Molds
- Plant and Machinery
- Computers
- Furniture and Fixtures
- Vehicles
- Office Equipment
WEBSITE DETAILS
PROFILE:
Molex is a one-source supplier of interconnect products.
Their team of more than 33,000 highly skilled individuals is focused on the
design, development and distribution of innovative solutions critical to
products that touch virtually every walk of life. Their portfolio is among the
world's largest with over 100,000 reliable products, including everything from
electronic, electrical and fiber optic interconnect solutions to switches and
application tooling.
They leverage extensive worldwide resources to meet customer
needs on a local, regional and global level. They have strong, well-established
sales, product development and manufacturing resources in Asia, Europe and the
Americas. The engineering, development and manufacturing capabilities are
organized into product divisions:
Transportation Products Division:
Focuses on interconnection for advanced engine, cockpit and infotainment
functions in automobiles and other transportation equipment.
Commercial Products Division:
Handles multi-market products for a diverse range of applications. Today, the
division focuses its new product development on high-speed, high-density,
high-signal-integrity interconnect applications.
Micro Products Division: Known for developing the
smallest connectors in the world, focused on portable digital product
applications. The division is headquartered in Japan.
Automation and Electrical Products Division:
Specializes in harsh-environment technology for factory automation, power,
temporary lighting and ergonomic products in industrial, construction and other
applications.
Integrated Products Division:
Produces higher-level assemblies utilizing Molex interconnect technologies,
typically in printed circuit board, fiber optic, flex circuit and other
applications.
Global sales and marketing organization: A
highly collaborative hybrid of regional sales and industry marketing support,
aimed at providing customers easy access to the full spectrum of Molex
products.
Subject serves customers in a variety of industries,
including the telecom, datacom, computer/ peripherals, automotive, premise
wiring, industrial, consumer, medical and military markets.
They excel in the development of products to meet each of
their key market's unique specifications and requirements. But with an increasing
level of technology convergence between many markets, company also is uniquely
well positioned to develop solutions that combine technologies from multiple
industry sectors.
Company is committed to being among the leaders who drive
the development of new industry standards and groundbreaking interconnect
products. They participate in approximately 70 industry standards committees
that
MANUFACTURING PRODUCT
Subject manufactures its products in 59 plants that are
strategically located across Asia, Europe and North America. Because innovation
and quality go hand-in-hand with advanced manufacturing processes, they are in
a continuous state of improvement in their core molding, stamping, plating and
assembly operations.
They utilize state-of-the-art plastic injection molding
machines and metal stamping and forming presses. They are continuously creating
new processes to meet the ongoing challenge of manufacturing ever-smaller
connectors. They have developed proprietary plated plastic technology, which
provides excellent shielding performance while speeding prototyping and
manufacturing processes in applications such as mobile phone antennas. They
have strong capabilities in printed circuit card and harness assembly within
the Integrated Products Division.
The commitment to reducing manufacturing costs as they
invest to increase capacity is driving a trend of fewer but larger Molex
factories. The investments are to enlarge existing plants, with a focus on
consolidating expertise and processes at specific sites. The objective: to
achieve economies of scale and higher capacity utilization while continuing to
assure on-time delivery.
They invest to increase productivity and expand capacity,
quality remains paramount. All Molex factories are ISO 9000 certified, and the
automotive plants are the way with the ISOTS- 16949 standard.
Subject is committed to conforming to all national and
global environmental standards. This is the basis of their ECOCARE initiative
also outlined in this section.
DEVELOPING
PRODUCTS
A sustained pipeline of innovative new company products is
essential to maintaining strong customer partnerships. That's why Molex has a
long tradition of engineering leadership and strategic investment in
world-class technology. The integrated approach to product development
represents an active collaboration between our customers and Molex experts in
R&D, sales, marketing and design engineering.
Subject invests approximately 5 percent of net revenue in
research and development, among the highest levels of R&D investment in
their industry. They are known for providing a continuous flow of innovation in
areas such as high-speed signal integrity, miniaturization, higher power
delivery, optical signal transmission and sealed harsh-environment connectivity.
The more than 1,000 electrical, mechanical and process
engineers work out of company design centers in strategic locations across the
world, including Japan, the United States, China, Germany, India, Ireland,
Korea and Singapore. The latest in computer-aided engineering and predictive
engineering software and systems - including advanced stereo lithography
modeling capabilities - enable rapid prototyping and evaluation of new
concepts. The result: high-quality products developed, manufactured and delivered
in ever-faster time to market.
GLOBAL
RESOURCES
The goal is to provide the best possible service for the
customers, an increasing number of whom operate across multiple regions.
Each of the five global product divisions has dedicated manufacturing
capabilities in key regions of the world, which enables optimal deployment of
resources and capabilities. They total of 59 plants in 19 countries includes a
long-established presence in key geographies - sales in Japan and Europe since
1967 and a presence in China from the early 1980s. A manufacturing
joint-venture opened in Japan in 1970. Manufacturing facilities in Ireland and
Mexico followed in 1971.
Their global sales and marketing organization unifies the
service provided to their customers. The organization is structured to ensure
that their coverage is virtually seamless, from design through to
manufacturing. It also is designed to ensure that decisions made and services
provided create maximum customer value, no matter where a customer designs or
manufactures its products.
Subject operations are networked through a global SAP system
that has been in operation since 1996. Among other important benefits, this
system supports a highly evolved logistics capability.
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 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.49.22 |
|
UK Pound |
1 |
Rs.73.03 |
|
Euro |
1 |
Rs.63.14 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
66 |
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|