MIRA
INFORM REPORT
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Report Date : |
12.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
andrew telecommunicationS India private
LIMITED |
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Registered Office : |
Plot No. N-2, Phase IV, Verna Industrial Esatate, Verna Salcette – 403
511, Goa |
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Country : |
India |
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Financials (as on) : |
30.09.2007 |
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Date of Incorporation : |
09.10.1997 |
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Com. Reg. No.: |
24-2452 |
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CIN No.: [Company
Identification No.] |
U32204GA1997PTC002452 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRA04908B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Cable and Antenna |
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 11000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having satisfactory
track. Trade relations are fair. Business is active. General financial
position is good. Payments are reported as usually made as per commitments. The company can be considered good for normal business dealings. |
INFORMATION
DECLINED BY
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Name : |
Mr. Allan Koch |
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Designation : |
Finance Controller |
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Date : |
09.12.2008 |
LOCATIONS
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Registered Office/Factory : |
Plot No. N-2, Phase IV, Verna Industrial Esatate, Verna Salcette – 403
511, Goa, India |
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Tel. No.: |
91-832-6685200 / 201 / 202 / 2407303 |
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Fax No.: |
91-832-6685025 / 6685104 / 6685107 |
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E-Mail : |
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Website : |
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Area : |
19000 Sq. m . |
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Location : |
Owned |
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Corporate Office : |
Andrew Corporation 10500 W. 153rd
Street, Orland Park, Illinois 60462, U.S.A. |
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Tel. No.: |
1-708-349-3300 |
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Overseas Office
: |
Located at ·
U.S.A. ·
Australia ·
Brazil ·
Canada ·
China ·
Finland ·
France ·
Germany ·
HongKong ·
Indonesia ·
Italy ·
Japan ·
Malaysia ·
Mexico ·
Philippines ·
Russia ·
Saudi Arabia ·
Singapore ·
South Africa ·
Spain ·
Sweden ·
Switzerkland ·
Thailand ·
Ukraine ·
United Kingdom |
DIRECTORS
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Name : |
Mr. Ian David Hogg |
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Designation : |
Managing Director |
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Address : |
Carisbrook, Northlinks, Leven Fife, Scotland – KY84SP |
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Date of Birth/Age : |
07.08.1947 |
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Date of Appointment : |
09.10.1997 |
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Name : |
Mr. John Edward Desana |
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Designation : |
Director |
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Address : |
2843 Brecken Ridge, Can and Naperville, Illinois, USA – 60521 |
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Date of Birth/Age : |
13.04.1949 |
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Date of Appointment : |
09.10.1997 |
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Name : |
Mr. Daniel John Hartnet |
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Designation : |
Director |
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Address : |
110 South Quincy, Hinsdale, Illinois, USA - 60521 |
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Date of Birth/Age : |
16.10.1955 |
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Date of Appointment : |
10.11.1998 |
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Name : |
Mr. Allan William Koch |
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Designation : |
Managing Director |
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Address : |
2128 Sabinal ST Mission Texas, USA – 78572 |
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Date of Birth/Age : |
30.10.1973 |
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Date of Appointment : |
14.08.2007 |
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Name : |
Mr. Antonio Augusto Do Rego |
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Designation : |
Managing Director |
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Address : |
E 626, Natsha Golf View Apartments, Domlur, Bangalore – 560 071,
Karnataka, India |
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Date of Birth/Age : |
24.19.1960 |
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Date of Appointment : |
20.11.2007 |
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Name : |
Mr. Michael David Coppin |
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Designation : |
Director |
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Address : |
609 Fairway Dr. Bartlett, Illinois – 60103 |
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Date of Birth/Age : |
26.09.1964 |
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Date of Appointment : |
30.09.2008 |
KEY EXECUTIVES
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Name : |
Mr. Arun Haridev Kohli |
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Designation : |
Secretary |
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Address : |
S2 / 5A, Model Millenium Vista, Caranzalem, Panjim – 403 001, Goa,
India |
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Date of Birth/Age : |
15.02.1960 |
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Date of Appointment : |
02.09.2005 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 29.12.2007)
|
Names of Shareholders |
No. of Shares |
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Andrew Corporation |
4940431 |
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Andrew International Corporation |
1 |
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Total |
4940432 |
List of Allotment
|
Names of Shareholders |
No. of Shares |
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Andrew Corporation, USA |
545096 |
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Total |
545096 |
Equity share
breakup (percentage of total equity)
(As on
29.12.2007)
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Category |
Percentage |
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Foreign holdings (foreign institutional investor(s), Foreign
companie(s), Foreign financial institution(s), Non resident Indian(s) or Overseas
corporate bodies or others |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Cable and Antenna |
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Products : |
·
Telecommunications Equipments ·
Cable and all accessories |
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Exports : |
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Products : |
Telecommunications Cable and all accessories |
GENERAL
INFORMATION
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Customers : |
·
Andrew AG (Switzerland) ·
Andrew warren New Jersey, USA (AWNJ) ·
Andrew Corporation, Virginis, USA (ACV) ·
Andrew SARL, France (AAF) ·
Andrew Limited (UK) ·
Andrew do Brasil Limited ·
Andrew Telecom Systems Singapore (Pte) Limited ·
Andrew Telecommunications SRO (Czech Republic) ·
Andrew Telecommunications (China) Company Limited ·
Andrew Corporation, USA ·
Andrew Taiwan ·
Andrew Corporation (Australia) Pty Limited ·
Andrew Corporation, Texas ·
Andrew Hong Kong Limited ·
Andrew Japan (KK) ·
Andrew Broadband Telecommunication (Yantai) Company Limited |
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No. of Employees : |
More than 7000 |
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Bankers : |
Not Available |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
·
S R Batliboi and Company Chartered Accountants Address : 6th
Floor, Express Towers, Nariman Point, Mumbai – 400 021, Maharashtra, India Tel. No.: 91-22-2287 6485
/ 6 Fax No.: 91-22-2287 6401 ·
Deloitte Haskins and Sells Chartered Accountants Address
:
12, Dr. Annie Besant Road, Opp. Shiv Sagar Estate, Worli, Mumbai – 400 018,
Maharashtra, India Tel. No.: 91-22-22854330 Fax No.: 91-22-22024337 |
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Parent Company / Holding Company : |
Andrew Corporation |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4940432 |
Equity Shares |
Rs.10/- each |
Rs.49.404
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2007 (18 Months) |
31.03.2006 (12 Months) |
31.03.2005 (12 Months) |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
49.404 |
43.953 |
43.954 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2064.690 |
111.120 |
227.607 |
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4] (Accumulated Losses) |
0.000 |
(45.141) |
0.000 |
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NETWORTH |
2114.094 |
109.932 |
271.561 |
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LOAN FUNDS |
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1] Secured Loans |
0.986 |
2.045 |
0.000 |
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2] Unsecured Loans |
0.000 |
714.000 |
405.000 |
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TOTAL BORROWING |
0.986 |
716.045 |
405.000 |
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DEFERRED TAX LIABILITIES |
19.845 |
26.190 |
0.000 |
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TOTAL |
2134.925 |
852.167 |
676.561 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1052.736 |
209.476 |
64.643 |
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Capital work-in-progress |
26.834 |
197.284 |
1.458 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
27.082 |
2.943 |
3.886 |
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CURRENT ASSETS, LOANS & ADVANCES |
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|
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Inventories |
1190.946
|
620.364 |
326.123 |
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Sundry Debtors |
1347.617
|
1174.775 |
1479.629 |
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Cash & Bank Balances |
323.977
|
87.592 |
277.357 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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|
Loans & Advances |
471.341
|
147.074 |
50.402 |
|
Total
Current Assets |
3333.881
|
2029.805 |
2133.511 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
2207.186
|
1585.396 |
1503.455 |
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Provisions |
98.422
|
2.002 |
24.596 |
|
Total
Current Liabilities |
2305.608
|
1587.398 |
1528.051 |
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Net Current Assets |
1028.273
|
442.407 |
605.460 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.057 |
0.114 |
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TOTAL |
2134.925 |
852.167 |
675.561 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
30.09.2007 (18 Months) |
31.03.2006 (12 Months) |
31.03.2005 (12 Months) |
|
|
Total Income |
7708.123 |
2400.215 |
1710.830 |
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Profit/(Loss) Before Tax |
874.144 |
(159.429) |
(58.713) |
|
|
Provision for Taxation |
232.721 |
2.200 |
(1.309) |
|
|
Profit/(Loss) After Tax |
641.423 |
(161.629) |
(57.404) |
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Earnings in Foreign Currency : |
NA |
51.645 |
30.474 |
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Expenditures : |
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Depreciation & Amortization |
204.673 |
27.001 |
20.400 |
|
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Other Expenditure |
6629.306 |
2532.643 |
1749.143 |
|
Total Expenditure |
6833.979 |
2559.644 |
1769.543 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2007 (18 Months) |
31.03.2006 (12 Months) |
31.03.2005 (12 Months) |
|
PAT / Total Income |
(%) |
8.32
|
(6.73) |
(3.36) |
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|
Net Profit Margin (PBT/Sales) |
(%) |
11.34
|
(6.64) |
(3.43) |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.93
|
(7.12) |
(2.67) |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
(1.45) |
(0.22) |
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|
Debt Equity Ratio (Total Liability/Networth) |
|
1.09
|
20.96 |
7.12 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.45
|
1.28 |
1.40 |
LOCAL AGENCY
FURTHER INFORMATION
Note
The Registered Office of the company has been shifted from Plot No. 76,
Pilerne Industrial Estate, Bardez – 403 511, Goa India to the present address
w.e.f. 15.01.2007.
Fixed Assets
·
Leasehold Land
·
Buildings
·
Plant and Machinery
·
Office Equipments
·
Furniture and Fixtures
·
Computers
·
Vehicles
Web Details
Company Profile
Andrew Institute provides
technicians with the top-quality, specialized training they need to optimize communications
systems performance and reliability. its trainers provide comprehensive,
hands-on instruction for the newest subject products, installation methods, and
theory. As more customers mandate that technicians are registered as having
completed Andrew Institute training, Subject welcome the opportunity to share
its expertise.
Andrew Corporation is a
global designer, manufacturer, and supplier of communications equipment,
services, and systems. Its products and expertise are found in communications systems
throughout the world, including wireless and distributed communications, land
mobile radio, cellular and personal communications, broadcast, radar, and
navigation.
Initial product offerings consisted principally of antenna tuning and transmission
line equipment for broadcast stations. Early on, it identified "antenna
systems" as an area of technological specialization, establishing the
focus of the company and marking its beginnings as a leading designer and
producer of electronic communications products, systems and services.
Over six decades, Andrew Corporation broadened and expanded its product and
service offerings to virtually all aspects of voice, video and data
communications system. The company has been at the forefront of many
technological developments during that time, a role it continues to fill today
in expanding technologies like wireless communications systems.
The "Flash" trademark of Andrew Corporation can be seen in every
corner of the world-on broadcast towers and microwave antennas, HELIAX and
RADIAX cables, communications and computer networking equipment. The mark of
Andrew, it is the benchmark of quality wherever it appears. It is a symbol of
commitment to customer satisfaction from the 5,000-plus employees of Andrew
Corporation.
Story
Andrew Corp set to expand production base in
Goa
Riding
the boom in the country’s mobile telephony, radio frequency cable and wireless
antenna manufacturer Andrew Telecommunications India Private Limited will
invest about Rs2400 millions over the next few years to expand its production
unit at Goa.
The
company also intends to use its India unit to cater for the needs of
neighbouring markets such as Nepal, Bangladesh and Sri Lanka.
The
company provides its services to almost all major wireless operators, original
equipment manufacturers and integrators, among others.
The
main customers of Andrew include Bharti, Nokia, Motorola, Ericsson and
Nortel.Andrew is the first company in the country to manufacture and supply
radio frequency products to the Indian market.
Major
rivals of Andrew in the local as well as global markets are Kathrein, RFS and
Powerwave Technologies.
There
are many Chinese and Taiwanese companies present in India in this segment
through the import route.
“We
hold more than half the market share in the country’s radio frequency cable and
wireless and antenna market, and going forward, we would expand it,” said John
DeSana, group president, antenna and cable products segment, Andrew
Corporation.
Business
Subject is engaged in the
business of a global designer manufacturer and supplier of communication
equipment, services and systems.
Its product range includes
·
Manufacturer of Antennas
·
Drive Test Measurement
Systems
·
Filters, Diplexers,
Combiners
·
In-Building Products
·
Pressurization, Repeaters
·
RF Power Amplifiers
·
Transmission Line Systems
·
Wireless Caller Locations.
Milestone
May 8 , 2003
Opened a manufacturing facility in Reynosa, Mexico. The Andrew Reynosa facility
will make microwave and satellite earth station equipment for North American
and export markets.
April 29, 2003
Introduced Coral™ (Corrugated Aluminum) ultra flexible, rugged drop cable for
CATV applications.
April 22, 2003
Expanded the ValuLine® range of antennas with the release of 1.8-meter diameter
single and dual polarized low profile antennas.
April 9, 2003
Signed a new RF power amplifier supply agreement with Lucent Technologies
(NYSE:LU).
April 7, 2003
Announced 1-1/4-inch HELIAX® air-dielectric cable suitable for antenna jumper
cable assemblies and low power main feeds for TV and radio broadcast
transmitting systems.
April 7, 2003
Announced a 1-5/8-inch Adjustable Directional Coupler for UHF Band broadcast
applications.
April 3, 2003
Debuted a suite of personalized services for broadcast professionals involved
in the design, engineering, management, and installation of broadcast systems.
April 2, 2003
Introduced the 9.4-meter dual-reflector Earth Station Antenna.
March 31, 2003
Launched Coral™ (Corrugated Aluminum) cable, a rugged, multi-purpose corrugated
cable that consistently outperforms braided cable. Coral cable is ideal for
providing high quality signal transmission and faster, easier, more dependable
wireless site buildouts.
March 21, 2003
Introduced Compact SureGround™ Grounding Kits, new one-piece grounding
assemblies that have weatherproofing molded directly into the grounding strap.
March 18, 2003
Announced a new Dual Band Surge Arrestor that protects valuable wireless
equipment from the harmful effects of electrical surges caused by lightning
strikes.
March 6, 2003
Completed a distributed communications project for Shanghai Mobile
Communications Co. Ltd. that extends GSM coverage throughout the Yan'an East Road
Tunnel in downtown Shanghai, China.
February 20, 2003
Developed and installed a new multi-band wireless infrastructure that gives
commuters clear wireless phone reception in tunnels along Germany's ICE
(Inter-City Express) high-speed rail link between Frankfurt and Cologne.
February 18, 2003
Announced the signing of a definitive agreement under which Andrew Corporation
will acquire Allen Telecom Inc. (NYSE:ALN) in stock-for-stock transaction
valued at approximately $500 million.
February 11, 2003
Ralph E. Faison is appointed as chief executive officer and president of Andrew
Corporation, succeeding Dr. Floyd L. English.
January 27, 2003
Announced the sale of assets of the wireless accessories business to JEMB
Realty Corporation.
January 24, 2003
Introduced a new line of Miniature Click-On™ hangers for easier and less
expensive installation of small HELIAX® coaxial cables and braided cable runs.
January 8, 2003
Announced HELIAX® WJ380 Elliptical Waveguide Assemblies for terrestrial microwave
systems.
January 6, 2003
Introduced the Microceptor® Window Mount Antenna.
2002
December 9, 2002
Announced the establishment of the Andrew China Research & Development
Center in Suzhou, Jiangsu, People's Republic of China. The new center researches
and develops base station antennas, connector products, accessories and filters
for worldwide wireless communications markets.
December 5, 2002
Completed the microwave communications system component of NETnet, the North
East Texas Consortium's private distance learning network.
December 4, 2002
Selected Redeal Limited, New Zealand's leading electrical and
telecommunications distributor, to distribute Andrew wireless infrastructure
and terrestrial microwave products in New Zealand.
November 13, 2002
Introduced EOCell™ RF Over Fiber solutions for the efficient transport of
wideband RF signals over optical fiber.
November 13, 2002
Expanded the ValuLine® range of terrestrial microwave antennas with new dual
polarized low profile antennas.
October 31, 2002
Announced the sale of
assets of the communications equipment shelter business to Oldcastle Precast,
Inc.
October 18, 2002
Introduced a line of cellular and PCS repeaters for both indoor and outdoor
applications. Repeater products augment wireless coverage in areas where RF
signal penetration is restricted such as: shopping malls, multistory office and
resdiential buildings, and retail stores.
September 30, 2002
Introduced the Digital Audio Broadcast Band III filter for European broadcasting.
August 1, 2002
Received a $20 million plus contract from Shin Satellite Public Company Ltd.
one of Asia's largest satellite operators, for a network of earth station
gateway systems throughout Australia, Asia, and New Zealand. The network will
be used to deploy the iPSTAR Broadband Satellite System.
July 8, 2002
Announced multi-million dollar three-year agreement to supply Siemens Mobile
Communications S.p.A. with terrestrial microwave antennas and accessories for
deployment in mobile networks and fixed-access solutions worldwide.
June 4, 2002
Completed the acquisition of Celiant Corporation creating the world's leading
independent supplier of RF Power Amplifiers.
April 24, 2002
Acquired Quasar Microwave Technology Ltd. based in Newton Abbot, Devon,
England. Quasar's line of microwave and millimeter wave components completes
the Andrew RF path offering in terrestrial antenna subsystems for the
Fixed-Line Telecommunications market.
April 5, 2002
Announced the recent completion of an extension to the broadcast antenna tuning
facility in Orland Park, Illinois, USA. The building extension is used to tune
Andrew TRASAR, ALP and AL8 PLUS Series broadcast antennas.
February 11, 2002
HELIAX transmission line products are used to enable in-building RF coverage in
Asia’s largest shopping mall. The new system allows mobile phone users to
receive coverage in Taiwan’s Core Pacific City Living Mall
2001
December 17, 2001
Andrew Satcom Africa's tower division received the South African President's
Award for Export Achievement in the Information and Communication Technology
category. Alan Jones, managing director of Andrew Satcom Africa, accepted the
award from South Africa's President Thabo Mbeki on 28 November, 2001.
December 3, 2001
Supplied Comtech Mobile Datacom with over 1,500 MicroPulse Global Positioning
System (GPS) Dual Patch Antenna units.
October 19, 2001
Ericsson Radio Systems AB awarded Andrew a one-year extension and expansion of
a preferred supplier agreement.
October 18 2001
Announced a contract to supply wireless infrastructure equipment and
installation services for the expansion of the Hutchison Telecom Paraguay S.A.
wireless services network.
October 11 2001
Collaborated with the Shanghai Mobile Communications Company to create an
indoor wireless communications system for Shanghai's major offices and hotels.
The project's first phase, completed in October 2001, produced an indoor
wireless communications system to expand mobile phone users' wireless communications
access.
October 3, 2001
Received an R$4.6 million (US $1.7 million) contract from Big TV to provide
Andrew Broadband HFC cable for Big TV's new CATV network in Săo Paulo, Brazil.
August 30, 2001
Signed a two-year antenna manufacturing agreement with Ericsson Microwave
Systems AB. Andrew will manufacture and supply integrated antennas for use in
Ericsson's MINI-LINK™ point-to-point microwave solutions.
August 28, 2001
Announced that Land Rover will use an Andrew roof-mounted GPS antenna system to
enhance the navigation features of the new model Land Rover Discovery II.
August 27, 2001
Announced that Hubbard Broadcasting Inc. had purchased three Andrew DTV antenna
systems for its digital buildout in New Mexico.
August 1, 2001
The Massachusetts Bay Transportation Authority selected Andrew Corporation to
supply and install a distributed communications system within the tunnels and
underground stations of Boston's "T" subway transportation system.
July 31, 2001
Won an initial $2 million contract to provide Ka-band satellite Earth Stations
for the Hughes Network Systems (HNS) Spaceway® program.
July 13, 2001
Awarded a new contract from Hong Kong's MTR Corporation that will enable better
reception and improved voice quality for commuters using mobile communications
devices within the MTR's trains and stations.
July 10, 2001
Selected to supply Allgon Microwave AB with customized low profile VHLP ValuLine
antennas for use in their radio-based solutions for wireless telephony and data
communications.
July 5, 2001
Completed installation of a distributed communications system for Verizon
Wireless at the Tower City Center, Cleveland, Ohio.
May 30, 2001
Awarded a contract by Orbital Sciences Corporation's Transportation Management
Systems (TMS) division to provide a wireless distributed communications system
for the Southeastern Pennsylvania Transportation Authority's (SEPTA) Green Line
in Philadelphia, Pennsylvania.
May 24, 2001
Inked a multimillion dollar broadcast equipment order from Cosmos Broadcasting
Corporation.
May 4, 2001
Announced the start of European production of PerforMax base station antennas
and HELIAX cable assemblies at the Elcoteq manufacturing plant in Tallinn,
Estonia.
March 13, 2001
Received a contract to supply transportable 3.7-meter C-band earth station
antennas to Globecomm Systems Inc.
March 5, 2001
Announced that automobile manufacturer Jaguar Cars will use four Andrew
antennas to enhance the communications and safety features of the new Jaguar X
Type sedan.
February 23, 2001
Andrew Brazil received a $1.369 million wireless infrastructure equipment order
from NEC.
February 12, 2001
Received a contract from Loxley Ltd, to supply the Royal Thai Navy with three
Andrew HF antennas to boost ship-to-shore communications.
February 8, 2001
Awarded a contract by Siemens to supply an ALP Series II slotted antenna for
the Bangkok Entertainment Company (Thailand's Channel 3 television station).
February 7, 2001
Selected by the Madrid Metro to supply a distributed communications system to
support TETRA and GSM 900/1800 communications within the public areas of the airport
line metro stations and adjoining running tunnels
January 24, 2001
Announced an estimated US
$10-15 million per year three-year agreement to supply DMC Stratex Networks,
Inc. with wireless antennas for deployment in access solutions worldwide.
2000
December 5, 2000
Announced the completion of construction of the first broadband wireless
Internet system in South America. The new network brings the first high-speed,
wireless data and Internet connections to Lima and Callao, Peru.
December 1, 2000
Extended the ValuLine range of terrestrial microwave antennas with new 1.2- and
1.8-meter models.
October 31, 2000
Introduced the InCell fiber optic distributed antenna system for in-building
wireless communications. Announced plans to beta test the system at the Chicago
Board of Trade (CBOT®) the world’s largest open outcry futures exchange.
October 24, 2000
The company reported record sales and orders for the fourth quarter ended
September 30th, 2000. Sales grew 32%, orders increased 25% and net income was
up 84%. Fiscal year 2000 orders and sales pass the $1 billion mark for the
first time. For the year ended September 30, 2000, orders grew 26% to $1,040.0
million, and sales increased 29% to $1,019.2 million.
October 9, 2000
Plans are unveiled for the expansion of the Andrew Institute training facility
in Suzhou, southeastern China. This facility provides training for customers
from China, Japan, Korea, and Southeast Asia.
September 18, 2000
Launched SureFlex Micro-Cable Assemblies constructed with HELIAX Micro-Cable
the world’s smallest continuous run corrugated RF cable. These small cable
assemblies are perfect for in-cabinet jumper applications for next generation
wireless and broadband systems and technologies including EDGE, WCDMA, and
CDMA2000.
September 15, 2000
Announced Guy M. Campbell as new Chief Executive Officer, effective October 1,
2000. Former CEO Floyd English remains as Chairman of the Board. Charles R. Nicholas
is elected to Board of Directors and appointed as Vice Chairman effective
October 1. Gregory F. Maruszak succeeds Charles R. Nicholas as Chief Financial
Officer, and is promoted to Vice President, Finance and Administration.
September 8, 2000
Introduced the 5.6-meter a-Band antenna. This antenna gives excellent Gateway
Station performance for high-density data, mobile voice communications networks
and television broadcast video distribution applications.
August 28, 2000
Announced two new cables (HELIAX VXL6 and VL7) in the series of flexible feeder
cables. Cables are designed for use at co-located sites and difficult
installation areas where flexible coaxial cable is needed.
August 14, 2000
Introduced the UHF high power triple channel TRASAR transmitting antenna for
NTSC and digital television broadcasting.
August 10, 2000
The distributed Communications Group is awarded a three-year, follow-on
maintenance contract from the Hong Kong MTR Corporation. The contract covers
the maintenance of Hong Kong MTRC’s underground commercial telecommunications
network.
July 31, 2000
Announced an initial $3 million order as part of a $23 million letter of
agreement for the development and supply of single-channel PCS-TDMA linear
power amplifiers to Lucent Technologies, Inc.
July 27, 2000
Announced the NT2000 DryLine Automatic Nitrogen Membrane Dehydrator for large
volume broadcast transmission systems.
July 27, 2000
Received a contract from NC System Integration and Construction Limited to
provide infrastructure equipment for the wireless communications backbone of
the Singapore subway’s new North East line.
July 24, 2000
Won contract to supply RF communications infrastructure for Chicago’s Midway
Airport Terminal Development Program.
July 10, 2000
Introduced a new line of hub sector antennas and a new subscriber transverter
for fixed broadband wireless access systems. Announced new low-cost parabolic
dish antennas for wireless LAN, point-to-point backhaul, and other
communications service operating between 1.9-5.8 GHz.
June 29, 2000
Provided distributed communications products for San Francisco’s Bay Area Rapid
Transit (BART) tunnel communications extension. The system provides trunked radio
communications for vital services in the underground portion of the BART.
June 26, 2000
Announced a three-year agreement to supply Bechtel Telecommunications with
HELIAX coaxial cable, connectors, assemblies and accessories. Bechtel uses
these products in the construction of large scale, wireless telecommunications
networks across the United States.
June 23, 2000
Introduced an Order Status On-Line System service that enables real-time
tracking of orders within the Andrew ordering system via the Internet.
June 21, 2000
Opened a new laboratory for the design and characterization of last-mile
solutions for high-speed Internet access. The laboratory is situated in
Scottsdale, Arizona home of the Andrew Broadband Wireless Systems Group.
June 8, 2000
Awarded a contract to supply wireless communication infrastructure for
essential and commercial communication services in New York’s Lincoln and
Holland Tunnels.
June 8, 2000
Published Catalog Number 38 a 752-page reference source for Andrew Corporation
products and services.
May 15, 2000
Installed the first STACKER optimized antenna configuration for Capitol
Broadcasting at stations WRAL-DT and WRAZ-DT in Raleigh, North Carolina.
May 9, 2000
Wins contract from World Wide Wireless Communications, Inc for the supply of
infrastructure equipment for a broadband high-speed Internet access network in
Lima, Peru.
May 1, 2000
Andrew Wireless Products launched the SmartCradle Installed Hands Free Kit for
Motorola StarTAC Series phones. The group also introduced the Desktop
Speakerphone for users of Nokia 5100 and 6100 series phones.
April 27, 2000
Is selected by Ericsson Radio Systems AB as a preferred supplier for Ericsson’s
global buildout of new and existing GSM wireless communications sites. Andrew
is supplying HELIAX coaxial cable, connectors, jumpers, grounding kits and
other transmission line accessory products.
April 12, 2000
Entered into an agreement with NTL Incorporated one of the largest providers of
broadband services to businesses and residential customers in the United
Kingdom and Ireland. Andrew will supply equipment to be used in NTL’s networks
across the UK, Ireland, Australia and Asia.
April 12, 2000
Signed a global agreement with Crown Castle International to supply Andrew
ValuLine® antennas; HELIAX® coaxial cable, connectors, and accessories; and
pressurization equipment for Crown Castle wireless communications sites
worldwide.
April 7, 2000
Introduced 7-3/16-inch MACXLine rigid transmission line for high power UHF
television broadcast systems. Announced the Trinity a unique combiner/mask
filter for television broadcast applications.
April 6, 2000
Introduced the Ku-Band NewsFlash 1.2-meter vehicle mountable variable speed,
receive/transmit satellite newsgathering antenna.
March 8, 2000
Andrew Wireless Products presented the Home/Office Speakerphone for users of
Motorola StarTAC phones.
March 7, 2000
Shipped the first three 6.5-meter dual reflector Earth Station Antennas to GS
Telecom, a leading wireless and satellite systems integrator in West Africa.
March 1, 2000
Announced the STACKER optimized antenna structure for solving the problem of
antenna overcrowding on broadcast communications towers. Product later wins a
TV Technology STAR award for innovative technology.
February 29, 2000
Launched RADIAX RCT series radiating cable for tunnel and in-building
communications.
February 25, 2000
Introduced factory-installed, right angle connectors for Andrew patented SureFlex
cable assemblies. These connectors give the electrical performance of a
straight connector with the mechanical advantages of a right angle connector.
February 15, 2000
Inked a 3-year agreement with eSpeed AZ, L.L.C. to design and deploy a cellularized
MDS network covering North Central Arizona.
February 9, 2000
Guy M. Campbell is elected as President and as a Director of Andrew
Corporation.
February 1, 2000
Announced the 0.3-meter 23 GHz ValuLine
Flat Plate antenna. This antenna provides a communications
solution for wireless operators providing short haul point-to-point
communications in areas such as congested inner city sites.
January 24, 2000
Received a $6 million contract to provide Newbridge Networks Corporation with
broadband wireless hub antennas.
January 18, 2000
Received FCC type certification for the Ultraflex two-way customer premise
transmit/receive transverter.
January 7, 2000
Beijing Telecom Greatwall Mobile Communications Limited used Andrew base
station products and services to expand its CDMA mobile communications network
in Beijing, China.
1999
December 20, 1999
Acquired Conifer Corporation, adding high speed wireless Internet MMDS customer
premise equipment technology to the Andrew Broadband Wireless Products line.
December 6, 1999
Announced three new models
in the Andrew Broadband Communications Antenna (BCA) series. These antennas
provide optimized coverage solutions for broadband wireless access.
November 17, 1999
Supplied 5,000 meters of RADIAX coaxial cable for the distributed
communications system installed in the tunnels and along the platforms of the
Nuremberg metropolitan’s airport extension project.
October 12, 1999
Acquired Chesapeake Microwave Technologies, Inc., adding unique design and
manufacturing expertise in high power GaAs and silicon power transistor
technology to the Andrew range.
September 22, 1999
Debuted the RingFlare OnePiece connector family.
August 31, 1999
Introduced the Powertools telecommunications system planning CD-ROM, an
integrated, easy-to-use suite of RF system planning tools.
August 25, 1999
Announced the 6.5-meter dual-reflector earth station antenna. This antenna
gives excellent performance for high-density data, voice communications
networks and broadcast applications.
August 20, 1999
Acquired assets of Miller Building Systems, Inc. enabling Andrew to manufacture
communications shelters at Miller’s Burlington, Kansa, manufacturing plant.
August 20, 1999
Motorola appointed Andrew as a global supplier of base station antennas and
transmission line products.
August 13, 1999
Expanded the SelectAmp CDMA family of repeaters with three new models.
July 22, 1999
Wins a $14 million contract to supply and install equipment shelters for Level
3 Communications’ fiber-optic communications network.
July 19, 1999
Announced the DataMaster MMDS sector antenna range for 2-way MMDS systems.
June 15, 1999
Added manufacturing capacity with a new global broadcast headquarters in Tinley
Park Illinois, U.S.A.
July 9, 1999
Introduced HELIAX VXL5-50 extra flexible 7/8-inch coaxial cable for wireless
applications. The cable is suitable for continuous cable runs from the base
station cabinet to the antenna.
June 7, 1999
Amelco Electric SF, Inc. awarded Andrew the contract to supply a trunked radio
system for communications in the San Francisco Bay Area Rapid Transit district
airport extension project.
May 6, 1999
Introduced the TMA 1900-DD Tower Mounted Amplifier System. The system improves
the receive sensitivity of PCS base stations. Enhanced sensitivity results in a
reduction in dropped calls and an improvement in call quality.
April 27, 1999
Elected Guy M. Campbell as new group president, wireless products and
distributed communications systems.
April 16, 1999
Announced the high performance XT4500 DryLine automatic dehydrator for
pressurizing broadcast transmission line.
April 14, 1999
Unveiled the ValuStar range of receive-only earth station antennas.
April 8, 1999
Completed the buyout of Andrew Satcom Africa making the former joint venture
company a wholly owned subsidiary of Andrew Corporation.
March 30, 1999
Awarded a $6.5 million contract to extend and improve coverage for the MTR
Corporation in Hong Kong.
March 23, 1999
Celebrated the official opening of Andrew Telecommunications (Suzhou) Company
Limited
March 15, 1999
Acquired Passive Power Products, Inc., a Maine-based supplier of RF products,
systems, and services to world broadcast markets. Acquisition gave Andrew the
complete RF system solution from the transmitter output through to the antenna.
March 7, 1999
Supplied Chicago’s first high power DTV antenna for FOX Television Station,
Inc.’s Channel 31, Station WFLD-DT. The antenna was installed atop the Sears
Tower in a spectacular helicopter airlift.
February 9, 1999
Introduced the PARX series of dual polarized, unshielded parabolic antennas.
These antennas are suitable for 2 GHz users migrating to 6,10, and 11 GHz and
for common carrier, private network, PCS, cellular, site interconnect and
backhaul applications.
February 8, 1999
Expanded ValuLine low profile antenna range with antennas operating at 13 to 38
GHz.
February 5, 1999
Introduced two new grounding kits for installation with 2-1/4-inch HELIAX
coaxial cable. The SureGround and SureGround Plus kits protect radio equipment
from the damaging effects of lightning strikes.
February 2, 1999
Added a Terrestrial Microwave Systems training module to its Andrew Institute
training curriculum. Training is available at centers in USA, Scotland, and
Brazil.
January 27, 1999
Introduced a 3.7-meter pipe mountable earth station antenna.
1998
December 16, 1998
Installed two TRASAR broadcast antennas in Caracas, the capital city of
Venezuela. This was the first installation of TRASAR antennas in Latin America.
November 2, 1998
Began production at the Suzhou, China manufacturing facility. The first
products off the lines at the factory were HELIAX® coaxial cables and base
station antennas.
September 25, 1998
Supplied a TRASAR antenna and support mast for a stacked broadcast DTV transmission
solution for FOX Television Stations, Inc.’s station KDFW-DT, Dallas, Texas.
September 23, 1998
Signed a contract with property investment group Hongkong Land to supply a
mobile phone signal distribution system for The Landmark retail complex in Hong
Kong.
September 22, 1998
Introduced the EASIAX PLUS automated cable preparation tools for 7/8-, 1-1/4-,
and 1-5/8-inch HELIAX coaxial cable. These new automated tools give consistent,
reliable, on-site cable preparation in just 10 seconds.
August 20, 1998
Announced that its 7.3-, 7.6-, and 9.3-meter Earth Station Antennas are
available with extended C-Band capabilities. Extended C-Band is an option for
operators needing a wider frequency band for expanding their services globally.
August 17, 1998
Introduced MultiPack Series bundled LD1B10A foam-dielectric coaxial cable.
July 23, 1998
Announced that its entire
line of Earth Station Antennas has been CE certified. The CE mark tells
European users that Andrew Earth Station Antennas meet the stringent health,
safety, and environmental regulations of the European Union.
July 16, 1998
Reported results for the third fiscal quarter and nine months ended June 30,
1998. For the quarter, orders grew 6%, sales declined 2% and excluding special
items last year, diluted income per share from continuing operations, was $.28
down 10%.
June 22, 1998
Announced US $3 million contract to supply and install the WeatherSeeker
Antenna/Pedestal Weather Surveillance System across Canada.
June 5, 1998
Supplied and installed a major broadcast system for RCN-TV (Radio Cadena
Nacional), Bogota, Colombia. The first phase of the system has an uplink hub in
Bogota and 20 remote receiver sites covering Colombia's main cities.
May 12, 1998
Andrew radiating cable used for emergency communications system at new
exhibition center in Munich, Germany.
April 22, 1998
Introduced ArrestorPort II, an improved
single unit cable entry and grounding system for RF wireless systems.
April 16, 1998
Reported results for the quarter ended March 31, 1998. Sales for the quarter
were US $196.9 million, 3% below last year's $202.2 million.
April 6, 1998
-Stated that 3.7-,4.6-,5.6-, and 7.6-meter Earth Station Antennas now fully
support the K-band (12 GHz Rx and 18 GHz Tx) applications in use worldwide.
-Announced 8-3/16", 75 ohm rigid coaxial transmission lines for high power
DTV and NTSC broadcast applications. -Introduced a versatile PANAR broadband
UHF panel antenna that enables UHF television broadcasters to meet DTV and NTSC
challenges.
March 13, 1998
Extended warranty on Earth Station Antennas from one year to three years.
February 26, 1998
Introduced new ValuLine High Performance Low Profile antennas to meet
communications needs of cellular, PCS and private users worldwide.
February 23, 1998
Announced the EntryBlox Entry Port System. This compact, watertight, cable
entry port system enables OEMs, designers and installers of new PCS systems and
wireless coaxial applications to securely install more cables in less space.
February 17, 1998
Launched Flat Strip RADIAX kits that include radiating coaxial cable,
connectors and terminations for the rapid and easy installation of in-building
wireless communications networks.
February 13, 1998
Received E-2 INTELSAT and ASIASAT-2 type approvals for the 3.7-meter earth
station antenna, the smallest E-2 type approved antenna in the world.
February 4, 1998
Announced Arrestor Plus Miniature Quarterwave Arrestor which provides
multistrike lightning protection and outstanding RF performance.
January 29, 1998
Introduced RT-0518SV High Performance Microwave Tuner for signal collection and
intercept systems.
January 16, 1998
Reported results for the first quarter ended December 31, 1997. Orders grew 7%,
sales were up 2%, income from continuing operations grew 11% and income per
share from continuing operations was up 14% to $32.
1997
Announced opening of a new
assembly and manufacturing factory in India - Andrew Telecommunications India
Private Limited
Reported 1997 results.
Sales for year ended September 30, 1997 totaled $869.5 million, up 14%.
Announced ten year warranty
on HELIAX cable, connector, accessory, waveguide, and cable assembly products.
Base Station Antenna
manufacturing facility received ISO 9001 certification.
Opened Jakarta, Indonesia
sales office.
Announced it will open a
manufacturing plant in Suzhou, China.
Started to operate
distribution facility in Taipei, Taiwan for foam cable, connectors, cable
accessories and cable assemblies
Received ISO 9001
certification for earth station products and systems.
Opened HELIAX® Cable (and
connector) manufacturing plant in Sorocaba, Brazil.
Andrew to split its common
stock, 3 shares for 2 on Tuesday, March 11, 1997 for holders of record on
Tuesday, February 25, 1997.
Opened its RADIAX cable
test tunnel facility in Denton, Texas.
1996
Announced 1996 financial
results - net income up 29% on 20% sales increase. Sales totaled $768.0
million.
Majority interest acquired
in the SATCOM group companies, to increase presence in South Africa.
Announced expanded
distribution network (in cooperation with Hutton Communications, Inc. and
Talley Communications Corporation) enables next day delivery of wide range of
products.
New sales office opened in
Miami, Florida, US to serve Caribbean, Central America, Venezuela and Colombia.
Acquired The Antenna
Company, a designer, manufacturer and distributor of antennas, batteries,
hands-free kits, and other products for the cellular, personal communications
services (PCS), specialized mobile radio (SMR), and paging markets.
Opened sales office, New
Delhi, India.
1995
Acquired 51% interest in two
Brazilian companies that manufacture terrestrial microwave and earth station
antennas, waveguide transmission line and towers.
Andrew received the largest
order in its history ($48.6 million) when the Hong Kong Metro selected Andrew
to expand its cellular telephone and paging capabilities.
Opened Kuala Lumpur,
Malaysia sales office.
Opened Bangkok, Thailand
sales office.
1994
Successfully completed a
$42.8 million cellular communications project to supply and install cellular
networks in northern and southern regions of Argentina.
Opened distribution centers
in Hong Kong, Japan, Saudi Arabia, and South Africa.
Purchased plant and began
shelter manufacturing operations in Newman, Georgia, U.S.
Opened sales office in Hong
Kong.
1993
Opened distribution center
at Eindhoven in The Netherlands.
1992
Formed ventures with Kiev
and St. Petersburg Metros to provide fiber-optic communications networks.
Formed joint venture with
Oktoberskaya Railroad to provide fiber-optic network linking Moscow and St.
Petersburg.
Repurchased 15.6% of
outstanding stock-total of $52.2 million.
Formed joint ventures
Rascom, Kankom, Ramsatcom, and Aerocom-CSI in Russia and Ukraine.
1991
Formed joint venture with
the Moscow Metro in Russia to provide fiber-optic communications network.
Won $7.7 million contract
to supply distributed communications in Vienna Metro System.
1990
Opened sales office in
Madrid, Spain.
Reopened sales office in
Mexico City, Mexico.
C. Russell Cox retires as a
director, after more than 50 years of service with Andrew Corporation.
1980
Break up of AT & T
stimulates growth in U.S. intercity telephone suppliers with surge in demand
for Andrew microwave antenna systems.
1988
Won $7 million contract for
telecommunications system for construction phase of Channel Tunnel between
England and France.
1987
Announced a major
restructuring: two plants (Arkansas and California) closed, with manufacturing
shifted to other locations.
1984
Opened Andrew Zurich office.
At $217 million,
consolidated sales exceeded $200 million for the first time.
Discontinued manufacturing
operations in Brazil.
1983
The tower and shelter
products of Grasis Corporation were acquired to enable expansion into turnkey
antenna systems, utilizing facilities in Grandview, Missouri and Fayetteville,
Arkansas.
Andrew expanded production
capacity opening a new factory in Denton, Texas. Also opened office in Essen,
Germany.
Floyd L. English appointed
as President and Chief Executive Officer.
1982
Sales office opened in
Tokyo, Japan.
1970
The pace of the intercity
telephone market expansion quickened in the U.S. with the authorization of the
Other Common Carriers. These OCCs were the providers of long distance telephone
services and authorized as competitors of AT&T in 1972 and strengthened by
the Justice Department's break up of AT&T in the 1982-84 period.
1978
Opened facility in Milan,
Italy.
Established manufacturing
division at Denton, Texas, U.S.
Supplied earth station antennas
for the first major video distribution network.
1976
Opened facility in Buc,
France.
1975
Employment exceeded 1,000
for the first time.
1973
Established manufacturing
subsidiary in Brazil.
1971
Victor J. "Doc"
Andrew, the firm's founder, dies.
C. Russell Cox elected
Chief Executive Officer.
Introduced Andrew earth
station antennas to the international telecommunications market.
1960
Andrew responded to the
growth of long haul telephone networks with advanced multi-band microwave antennas.
1966
Established manufacturing
divisions in Australia (near Melbourne) and Scotland (near Edinburgh).
1950
To meet the defense needs
of the free world Andrew participated in design and construction programs for
military communications and radar systems.
1954
Exceeded $2 million in net
sales.
First manufacturing
building (15,000 sq. ft.) at Orland Park near Chicago, Illinois, U.S.
1953
HELIAX® coaxial cable and
waveguide introduced, this product continues to set the standard for RF performance
and reliability.
Established first
international venture with the incorporation of Andrew Antenna Company Limited
in Canada.
1951
Opened facility in
California to serve West Coast defense markets.
1940
1949
Entered the microwave
antenna field and quickly found markets in both civilian and military
communications.
1947
Victor J. Andrew elected
Chief Executive Officer.
C. Russell Cox elected
General Manager of Andrew Corporation.
Acquired 430 acres of land
in Orland Park, Illinois, U.S.
Incorporated in the state
of Illinois as Andrew Corporation.
Post-war
Returned to the broadcast market with rigid transmission lines for the FM
station boom.
1941-45
Supplied coaxial cable and
other telecommunications components to U.S. military during World War II.
1937
January 1, 1937
Victor J. Andrew,
Manufacturing and Consulting Engineer" established as a sole
proprietorship. The company's first facility was in a rented bungalow at 7221 South
Francisco Avenue, Chicago, Illinois, U.S.A. In the first year of business,
sales translated into 1996 dollars were $100,000.
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.48.52 |
|
UK Pound |
1 |
Rs.72.62 |
|
Euro |
1 |
Rs.63.76 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
63 |
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 |
|