MIRA
INFORM REPORT
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Report Date : |
09.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
SELECT TECHNOLOGIES DIVISION OF WEP PERIPHERALS LIMITED |
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Formerly Known As : |
WIPRO PERIPHERALS LIMITED |
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Registered Office : |
No. 40/1-A, Basappa Complex 2nd Floor, Lavelle Road, Bangalore – 560001, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
05.07.2000 |
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Com. Reg. No.: |
08-27405 |
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CIN No.: [Company
Identification No.] |
U72200KA2000PTC027405 |
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Legal Form : |
Closely Held Public Limited Liability Company |
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Line of Business : |
Manufacturing and marketing of printers, UPS systems, computer peripherals/ laser printers, Dot matrix printer, power systems etc. |
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 1750000 |
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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 new company and successor to Peripherals Distribution System (PDS), a division of Wipro Infotech Limited effective from 1st August 2000. Wipro Infotech Limited is a highly successful and reputed IT company having excellent track. Available information indicates satisfactory financial responsibility of the company. Their trade relations are reported as fair. Payments are correct and as per commitments. The company can be considered good for normal business dealings at usual trade terms and conditions. |
LOCATIONS
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Registered Office : |
No. 40/1-A, Basappa Complex 2nd Floor, Lavelle Road, Bangalore – 560001, Karnataka, India. |
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Tel. No.: |
91-80-2270359 / 360 |
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Fax No.: |
91-80-2270378 |
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E-Mail : |
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Website : |
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Area : |
2500 Sq.ft. (Leased) |
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Location : |
City |
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Corporate Office : |
II Floor, Basappa Complex, 40/1A, Lavelle Road, Bangalore - 560 001, Karnataka |
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Plants : |
Tel. No. 91-821-2402252 Fax. No. 91-821-2402024
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Area : |
Leased – 500015 sq. ft. |
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Warehouse : |
10/2, II Floor, Narendra Plaza, Victoria Road, Bangalore - 560 047, Karnataka |
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Tel. No.: |
91-80-25544605 / 25544076 |
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Fax No.: |
91-80-25571187 |
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E-Mail : |
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Website : |
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Area : |
2500 sq.fts. (Rented) |
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Location : |
City |
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Distributors at
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Tel. No. 91-80-26527641
Tel. No. 91-80-22291210
Tel. No. 91-80-22246410
Tel. No. 91-80-25369712 |
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Consumable Stockist : |
Tel. No. 91-80-25215333 |
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Branch : |
Network of 258 dealers, 5000 resellers country wide, 98 locations and 145 support partners |
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Wipro Printers Service Centres : |
Located at:
Tel. No. 91-80-22212062
Tel. No. 91-80-23347304
Tel. No. 91-80-25301517
Tel. No. 91-80-22235459
Tel. No. 91-80-26760876 |
DIRECTORS
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Name : |
Mr. Arun K. Thiagarajan |
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Designation : |
Chairman |
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Name : |
Mr. Ram N. Agarwal |
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Designation : |
Managing Director & Chief Executive Officer |
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Address : |
# 2091 / B, 16th B Cross, HAL II Stage, Bangalore - 560 008, Karnataka |
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Age : |
58 years |
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Date of Appointment : |
05.07.2000 |
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Name : |
Mrs. Sarith Agarwal |
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Designation : |
Director |
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Address : |
# 2091 / B, 16th B Cross, HAL II Stage, Bangalore - 560 008, Karnataka |
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Date of Appointment : |
05.07.2000 |
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Name : |
Mr. Suresh C. Senapaty |
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Designation : |
Director |
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Address : |
3298, 12th Main, HAL II Stage, Bangalore - 560 008, Karnataka |
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Date of Appointment : |
05.07.2000 |
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Name : |
Mr. Manu Parpia |
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Designation : |
Director |
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Qualification: |
BE, MC Gill
University; MBA USA |
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Name : |
Mr. Suresh Vaswani |
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Designation : |
Director |
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Qualification: |
B.Tech |
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Name : |
Mr. P. P. R. Rao |
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Designation : |
Director (Operations) & Chief Operating Officer |
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Name : |
Mr. Srikanth Kannankote |
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Designation : |
Director (Operations) |
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Qualification: |
B. A., MBA (Fin and Mgmt. Sci.) |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Employees Wep and Promoters |
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26.42 |
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Employees Of Wipro Limited And Others |
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26.30 |
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Business Associates |
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3.36 |
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Wipro Limited |
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39.74 |
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NRIs |
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4.18 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and marketing of printers, UPS systems, computer peripherals/ laser printers, Dot matrix printer, power systems etc. |
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Products : |
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Brand Names : |
"WeP India" |
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Exports to : |
China, Turkey, Arabia, Europe, Russia, Hong Kong, Singapore, Indonesia, Sri Lanka, Thailand, Israel, USA and Australia. |
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Terms : |
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Selling : |
Direct 30 days credit |
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Purchasing : |
L/C, Contract, Credit (30-45 days) |
PRODUCTION STATUS
Class of goods
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Unit
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Registered Capacity
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Installed Capacity
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Actual Production
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Serial Printers |
Nos. |
380000 |
300000 |
79769 |
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Portable
Electronic Typewriters |
Nos. |
300000 |
300000 |
14866 |
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Line Matrix
Printers |
Nos. |
3600 |
3600 |
1470 |
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UPS |
Nos. |
30000 |
30000 |
61613 |
GENERAL
INFORMATION
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Suppliers : |
Ø Avon Data Cables Private Limited Ø Wipro Limited Ø Polytech Packing India Private Limited Ø Srihari Cartons Private Limited Ø Excel Conductors Private Limited Ø Select Technology Limited Ø Phoenix Precision Product Ø Abirami Electronics Private Limited |
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Customers : |
Ø General Motor Ø Corporation Bank Ø Wipro Limited Ø Government Of Andhra Pradesh Ø Bank Of India Ø Amadeus India Ø Rajasthan Spinning And Weaving Mills Ø Syndicate Bank |
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No. of Employees : |
500 Approximately |
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Bankers : |
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Facilities : |
Cash Credit : Rs. 16.603 millions Short Term Loans and Advances : Rs. 20.000 millions Secured as on 31st March 2004 Cash Credit : Rs. 42.556 millions Corporate terms loan : 50.000 millions |
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Banking Relations
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Good |
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Auditors : |
N. M. Raiji & Company Chartered Accountants |
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Address : |
Mumbai |
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Group Companies : |
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CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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30000000 |
Equity Shares |
Rs. 10/- each |
Rs. 300.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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19448086 |
Equity Shares |
Rs. 10/-
each |
Rs. 194.480
Millions |
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 |
194.500 |
191.200 |
187.200 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
244.600 |
230.400 |
151.800 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
439.100 |
421.600 |
339.000 |
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LOAN FUNDS |
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1] Secured Loans |
69.800 |
144.100 |
88.000 |
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2] Unsecured Loans |
111.400 |
61.400 |
12.700 |
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TOTAL BORROWING |
181.200 |
205.500 |
100.700 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
620.300 |
627.100 |
439.700 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
263.900 |
198.500 |
180.000 |
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Capital work-in-progress |
34.000 |
21.000 |
6.600 |
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INVESTMENT |
0.000 |
23.700 |
66.200 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
405.100
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466.100 |
294.800 |
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Sundry Debtors |
481.700
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590.400 |
231.200 |
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Cash & Bank Balances |
5.800
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16.100 |
3.400 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
160.900
|
84.300 |
158.800 |
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Total
Current Assets |
1053.500
|
1156.900 |
688.200 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
677.500
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681.800 |
382.300 |
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Provisions |
53.600
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91.200 |
119.000 |
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Total
Current Liabilities |
731.100
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773.000 |
501.300 |
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Net Current Assets |
322.400
|
383.900 |
186.900 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
620.300 |
627.100 |
439.700 |
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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 |
3630.400 |
3376.000 |
2276.300 |
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Other Income |
3.000 |
6.000 |
12.600 |
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Total Income |
3633.400 |
3382.000 |
2288.900 |
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Profit/(Loss) Before Tax |
27.200 |
86.100 |
109.000 |
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Provision for Taxation |
[3.000] |
21.300 |
41.200 |
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Profit/(Loss) After Tax |
30.200 |
64.800 |
67.800 |
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Expenditures : |
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Raw Materials |
0.00
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0.00
|
1360.100
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Excise Duty |
0.00
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0.00
|
193.000
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Power & Fuel Cost |
0.00
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0.00
|
7.400
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Other Manufacturing Expenses |
0.00
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0.00
|
9.500
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Employee Cost |
209.700
|
169.000
|
140.100
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Selling and Administration Expenses |
600.900
|
644.300
|
354.200
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Miscellaneous Expenses |
2655.600
|
2362.300
|
17.400
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Interest & Financial Charges |
23.100
|
8.000
|
12.200
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Depreciation |
116.900
|
112.300
|
93.800
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Stock Adjustment |
0.000 |
0.000 |
[7.800] |
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Total
Expenditure |
3606.200 |
3295.900 |
2179.900 |
KEY RATIOS
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Debt-Equity Ratio |
0.45 |
0.40 |
0.32 |
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Long Term Debt-Equity Ratio |
0.45 |
0.35 |
0.19 |
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Current Ratio |
1.47 |
1.41 |
1.06 |
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Fixed Assets |
5.20 |
6.23 |
5.38 |
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Inventory |
8.33 |
8.87 |
7.81 |
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Debtors |
6.77 |
8.22 |
9.85 |
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Interest Cover Ratio |
2.18 |
11.76 |
9.93 |
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Operating Profit Margin(%) |
4.61 |
6.11 |
9.45 |
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Profit Before Interest And Tax Margin(%) |
1.39 |
2.79 |
5.32 |
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Cash Profit Margin(%) |
4.05 |
5.25 |
7.10 |
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Adjusted Net Profit Margin(%) |
0.83 |
1.92 |
2.98 |
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Return On Capital Employed(%) |
8.06 |
17.64 |
28.70 |
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Return On Net Worth(%) |
7.02 |
17.04 |
21.17 |
LOCAL AGENCY
FURTHER INFORMATION
The company's fixed assets of important value include goodwill,
leasehold land, factory building, plant & machinery, moulds, dies &
patterns, computers, office equipments, furniture & fixtures, vehicles and
patents and trademarks.
History:
Subject was incorporated on 5th July 2000 at Bangalore in
Karnataka under the name and style of
“EPS Infotech Limited” having Company Registration Number 27405. The name of the company was changed to Wipro
Peripherals Limited from 19th July 2000.
Again name changed to present from 29th July, 2002.
Acquired the “Peripherals Systems Division” of Wipro Limited as per
memorandum of understandings dated 1st August 2000, Between Wipro
Limited and subject.
It is an ISO 9002 certified company
Business:
Subject is engaged in manufacturing and marketing of printers, UPS
systems, computer peripherals, etc.
It also acts as importers, traders, agents, distributors, exporters and
dealer of all kinds of computers, computer peripherals, accessories, consumables,
etc.
Subject is a leading computer and internet peripherals company in India.
Generic Names of the Principal Products of the company are:
Item
Code No.
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Product
Description
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8471.00 |
Computer Peripherals |
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8543.9 & 8471.0 |
Uninterruptible Power Supplies |
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8469.20 |
Electronic Portable Typewriter |
Services
Design and Manufacturing Services
"Design of an Electro-Mechanical and Mechatronics products which fulfills
each and every segment of the customer requirements, WeP – Design services will
be the choice to convert the needs in to the Innovative product with world
class approaches".
Smartcard Services
Over the years, WeP has gained technological expertise in the smart card
arena and is all set to take strides in the domains of Loyalty, ID / Campus,
ePurse etc.
Business Printing Outsourcing
The company’s Print and Save Services is an innovation from the company.
The essence of the its Print and Save Services is that users now have the
facility of paying for printouts rather than investing in printers. After
exhaustive study among its users, the company has developed its Print &
Save services in two convenient forms - On-site Services, where the facility is
available at the user's premises and Off-site Services, where the facility is
available at a WeP Print & Save Centre.
Wep smart division (printing services)
Today, the company is the India's largest employees owned company.
The company markets inkjet printers, LASER printers, dot matrix
printers, UPS, Pen drive and storage products and "after market”
consumables reaching out to customers through more than 250 channel partners
across the country.
Subject has two state-of-the art manufacturing facilities, one at Mysore
producing over 120000 dot matrix printers per annum for domestic market and
another at Hyderabad producing over 100000 products as contract manufacturing
and exports to prestigious customer like Seiko Precision and Triumph Adler for
European Markets.
The facility at Mysore is rated as one of the best in its class for
quality processes and has been accredited with ISO 9002 Certification for
manufacturing, marketing and support functions.
Channel management
Innovative programs like "Feel the product offer" were
launched last year, which addressed over 10000 channel members spread across
373 locations. A total of 6834
resellers purchased the company's products.
Having modelled its after market channel on the FMCG channel, the company
has increased its coverage in 5 large cities to 3500 retailers up from 1650
retailers at the beginning of the year.
The business portfolio model is called "Three Circles of
Change" which focuses on storage, communication, personnel mobility and
convenience.
Subject has after sales support network covering over 100 locations
across India with 145 support partners and trained 5000 + Engineers to support
the products in India. Subject has Peace
of Mind centers at Metro cities to handle escalated calls and manage the
customer program. Subject is one of the
first in India to invest in R & D and has developed skills in ASICs,
hardware, and embedded systems, device drivers. Over 15% of the company's resources are spent on R & D to
keep it ahead on technology.
The company has successful partnerships with many international
companies like Seiko EPSON Corporation, Hewlett-Packard, Net Apps, Printronix,
etc.
Solutions and Service Organisation
The business comprises storage and communication solutions, the company
print and save services and after market.
The company is developing its capabilities to offer solutions and
services to its customers and has entered into important tie-ups with international
partners in Storage and Communication solutions area. Solutions and services already account for 10% of the company's
revenue during 2001-02 and the company has targeted ambitious growth in this
segment.
Storage and Communication Products
Having tied-up with major global players for these products, the company
is targeting 10% of its revenues to come from these segments.
Awards & recognition
Awards received on Quality Initiatives are:
|
1992 |
ISO 9002 Certification for factory in manufacturing |
|
1993 |
ISO 9001 Certification for Design & Development for factory |
|
1993 |
Rajiv Gandhi National Quality Award |
|
1995 |
ISO 9002 Certification for support covering all regional offices |
|
1998 |
ISO 9002 Certification for sales and marketing covering all regional
offices |
|
1999 |
Elcina award for Excellence in Quality in recognition of Wipro
ePheripherals commitment to Quality. |
|
2001-02 |
MAIT (Manufacturers Association of Information Technology) Recognition
for Business Excellence (Level 1) |
Awards received for Business Performance are:
- No. 1 Peripherals Vendor :
FY'94, FY'96 and FY'97 - DataQuest
- Best Distributor Asia-Pacific from HP for the years 1996, 1997 and
1998 for storage products. No. 1
Channel Partner for Tape drives in 1999.
- Outstanding Sales Award for Line Matrix Printers in Asia Pacific -
Printronix. 5th largest
customer worldwide, largest in Asia Pacific (including China and Japan).
- Techies Award for best peripherals vendor (1999)
- MAIT Excellence Award for hardware exports 2001-02.
The company is in trade terms with:
- Abirami Electronics Private Limited
- Periwal Plastics Private Limited
- Advance Products (Private) Limited
- Polytec Packings (India) Private Limited
- Avon Data Cables Private Limited
- Sarv Abhyantrik
- Prithvi Peripherals
- Kintech Enterprises
- Triphase Technologies
- Vinals Precision Private Limited
- Imax Industries
- PC Electronics
- Srihari Cartons Private Limited
- Sridevi Packing Industries
- Seltech Electronics Private Limited
- Gayathri Enterprises
- Gem Plasto-Chem Private Limited
Company Formation
The company came to existence in September 2000. The company is one of
the largest employees owned company in the country, providing IT peripherals
products, IT peripherals solutions and printing services. Prior to September
2000 the company was the peripherals systems division of Wipro Infotech and was
engaged in the manufacturing and distribution of digital printers.
Business lines
The company in the last 3 years has diversified from printers into other
emerging and growing IT peripherals products namely the Un-interruptible power supplies
(UPS), Networking Products comprising of LAN Switches, Routers, Modems,
Interface Cards, Print servers etc and has strengthened its portfolio of
printers by introducing WeP branded Laser Printers .
The company also provides Security and Storage solutions through its
majority owned group company Select Technologies Limited. Select Technologies
Limited is a part of the WeP group since November 2002.
The company entered the Printing services business through an innovative
and unique “WeP Print and Save Services” which enables customers to outsource
their printing and pay for the pages printed.
Manufacturing facilities
The company has two state-of-the art manufacturing facilities; one at
Mysore producing Dot Matrix Printers, Line Matrix printers and printer heads.
The second plant at Hyderabad producing Dot Matrix Printers for exports, and
UPS products. Both our factories are ISO 9002 certified. The 2 factories have a
combined capacity to manufacture 200000 printers and 100000 UPS per year.
Customer reach
The company has sales and support offices in 17 sales locations in the
country, and all its Products are sold through 319 channel partners present in
139 locations across the country. The company’s addresses over 13000 resellers
across the country and has over 700000 customers nationwide.
The company consumables and spares are distributed through retailers and
authorised service providers of the company.
Strategic partnership
The company is leading Computer and Internet Peripherals Company in India
with Annual Sales of Rs. 2.5 Billion and has a track record of uninterrupted
growth for the last 14 years. The company commenced operations in 1986 as a
Peripherals Division of Wipro Infotech, one of the largest IT companies in
India and has become independent legal entity in year 2000. WeP has been leader
in Indian Computer Peripherals industry with higher than 40% market share in
the products it markets in India.
The company’s markets Inkjet printers, LASER printers, Dot Matrix
Printers, UPS, Pen drive and Storage products and “after market” consumables
reaching out to customers through more than 250 channel partners across the
country. The company has an enviable installed base of 700,000 customers in
India with its Computer Peripheral products and has a reach to more than 5000
resellers across the country. The company is known for its quality with 6 sigma
initiative and ISO 9000 standards of certification for its Product Development,
Manufacturing, Marketing and Support and its unique 30 Day Money back offer,
the “No question asked return policy” in the country. WeP has two state-of-the
art manufacturing facilities one at Mysore producing over 120,000 dot matrix
printers per annum for domestic market and another at Hyderabad producing over
100,000 products as contract manufacturing and exports to prestigious customers
like Seiko Precision and Triumph Adler for European Markets
Electronic
Design & Manufacturing Division (EDM)
EDM division is an independent profit center of the company as a whole,
the Flagship Division focussing on Exports. Currently 40% of the production is
catered to Exports sales and having a vision of moving towards 60% within
another two years.
It is its mission to be a world-class electronic design & mfg. Services
provider. The division is currently focuses on Electronic Contract
Manufacturing Services and manufacturing electromechanical office automation
and IT products and peripherals for global OEMs.
The thrust is on Exports and the strategy is to leverage on
· A highly competent and
competitive manufacturing setup.
· Our design strength as a key
differentiation
COMPANY FACT SHEET
Impact
Printers, High Speed Printers & Line Matrix Printers have been the
traditional businesses of WeP. It has strengthened its portfolio of printers by
introducing WeP branded Laser Printers . WeP has also diversified from printers
into other emerging and growing IT peripherals products namely the
Un-interruptible power supplies (UPS), Networking Products comprising of
Ethernet LAN Switches, Analog and digital lease line Modems, Interface Cards,
Network Print servers, Wireless LAN, Structured cabling System etc.
WeP
also provides One Stop Information Management & Information Protection
solutions through its division Select Technologies. Impact Printers, High Speed
Printers & Line Matrix Printers have been the traditional businesses of
WeP. WeP continues its dominance in these areas. WeP’s two facilities at Mysore
and Nalagarh (Himachal Pradesh) are state-of-the-art manufacturing facilities
having the capacity to produce more than 650,000 products and 1 million
consumables per annum. WeP has created India’s largest IT products sales
infrastructure of 10,000 active retail outlets and supports more than 2,000
large business consumers directly. To enable superior product development, WeP
has expanded its Research & Development group with in-depth domain
expertise and specialization in cross-functional project management process.
WeP
is known for its quality with 6 sigma initiative & ISO 9000 standards of
certification for its Product Development, Manufacturing, Marketing and
Support.
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. 39.27 |
|
UK Pound |
1 |
Rs. 77.44 |
|
Euro |
1 |
Rs. 57.73 |
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 |
8 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
59 |
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 |
|