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MIRA
INFORM REPORT
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Report Date : |
03.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
EMERSON NETWORK POWER (INDIA) PRIVATE LIMITED |
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Formerly Known As : |
LIEBERT SYSTEM SUPPORT EQUIPMENTS LIMITED TATALIEBERT LIMITED |
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Registered Office : |
Plot No.C-20, Road No.19, Wagle Industrial Estate, Thane – 400604,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
10.03.1993 |
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Com. Reg. No.: |
071079 |
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CIN No.: [Company
Identification No.] |
U74999MH1993PTC071079 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUML01804F |
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PAN No.: [Permanent
Account No.] |
AAACT4033H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufactures of Uninterruptible Power Supply (UPS) Systems, Climate and
Environmental Systems, DC power systems, Automatic Transfer Switches (ATS), Racks,
Monitoring Solutions and Enclosures for IT Server protection |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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Maximum Credit Limit : |
USD 7353760 |
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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 an established and reputed company having fine track
records. Available information indicates high financial responsibility of the
company. Fundamentals are strong. Trade relations are fair. The company is
faring well. Its payments are correct and as per commitments. The company can be considered good for any normal business dealings.
It can be regarded as a promising business partner in a medium to long – run. Management were shy on giving their business and financial details. |
LOCATIONS
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Registered/ Head Office/ Factory : |
Plot No.C-20, Road No.19, Wagle Industrial Estate, Thane – 400604,
Maharashtra, India |
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Tel. No.: |
91-22-67208000/ 001/ 25802388/ 25807000 |
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Fax No.: |
91-22-25828358/ 25800829 |
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Email : |
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Website : |
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Zonal Offices : |
Mumbai B 414-424, Bhaveshwar Arcade, L.B.S. Marg,
Ghatkopar (West), Mumbai 400086. Phone : 91-22-67208800/ 09000, Fax : 91-2- 25002415 New
Delhi Phone : 91-11-28754206/ 28750774/
28757706/ 28753214/28755071/28756038 Fax : 91-11-28751601 Customer Care No: 91- 9810091400 Kolkata Advantage Tower, EN-27, 7th Floor, Salt Lake, Sector-V, Kolkata-700091
Phone : 91-33 - 40023100/22890490/93 Fax : 91-33 - 2289049 Emergency Service No : 40023190 Sales/ Service Fax No : 40023101 General Inquiry No : 40023100 Bangalore Phone : 91-80-41135670/ 41135870/ 5635401/2/3/5/6 Fax : 91-80-41135570 |
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Branch Office: |
Pune Office No. 7, IInd Floor, Pratibha Towers, Opp Jog Center, Pune-Mumbai Road, Wakdewadi Pune-411 003, India E-Mail : Pune@EmersonNetwork.co.in Phone : 91-20-66235050/ 66235000/ 25670709/ 25676975 Fax : 91-20-24004020 Nagpur E-Mail : nagpur@emersonnetwork.co.in rajendra.sabre@emersonnetwork.co.in Phone : 91-712- 5634997 Mobile : 9822719405 Baroda 39/2, Arunodaya Society, Alkapuri, Baroda 390005. E-Mail : Baroda@EmersonNetwork.co.in Phone : 91-265-2330383/ 6598400 Fax : 91-265-2343937 205,Sukhsagar Complex, Beside Fortune Landmark Hotel,Usmanpura, Ashram
Road, Ahmedabad. Gujarat – 380 013 E-Mail : tll_ahm@yahoo.co.in Phone : 91-79-27560230/ 27560240 Fax : 91-79 - 26441739 Mobile : 91-9824008816 Dheeraj Kawal, 1st
flr, Near Vkl Stn, L.B.S. Marg, Vikhroli(W), 109, Ratnamani Complex, 7/1, New Palasia, Indore - 452001 E-Mail : Indore@EmersonNetwork.co.in Phone : 91-731-4023806 Fax : 91-731-2554824 Kashi Kunj , Road No. 2, Ground Floor,
Contractors Area ,Bistupur, E-Mail : Jamshedpur@EmersonNetwork.co.in Phone : 91-657-2227678, Fax : 91-657-2227678 No. 1, OMS Court, Nathamuni Street, T.
Nagar, Chennai 600 017. E-Mail : Chennai@EmersonNetwork.co.in Phone : 91-44-228151063/69 Fax : 91-44-228151442 Secunderabad E-Mail : Hyderabad@EmersonNetwork.co.in Devendra.Mansabdar@Emersonnetwork.co.in Phone : 91-40-27806771/2/5/6 Mobile : 91-9440051645 Fax : 91-40-27806777 34/B-17, SVP Complex, 2nd Floor, Avarampalayam Road, Sidha Pudur, Coimbatore-641044 No.7, Visakha Executiva Centre, 47-11-1/5, 1st Floor, EswarArcade, Dwarakanagar, 1st Lane, Visakhapatnam No.40/9338( New No. 59/4517), 4th Floor, Chakos Towers,
Padma Pullay E-Mail : Cochin@EmersonNetwork.co.in Phone : 91-484-2341986 86 Fax : 91-484- 2341985 Plot no. C-11, Sector-A, Zone-A,
Mancheswar industrial Estate, Bhubaneswar-751010 E-Mail : Bhubaneshwar@EmersonNetwork.co.in
Phone : 91-674-2586003 |
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DIRECTORS
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Name : |
Mr. Kersi M. Gherda |
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Designation : |
Director |
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Address : |
9A Sterling Apartment, 38 Peddar Road, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
16.08.1928 |
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Date of Appointment : |
10.03.1993 |
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Name : |
Mr. Pradipta T. Sen |
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Designation : |
Director |
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Address : |
A1-61 Safdurjung Enclave, New Delhi – 110029, India |
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Date of Birth/Age : |
07.10.1958 |
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Date of Appointment : |
11.06.2001 |
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Name : |
Mr. Eugene C. Hayden |
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Designation : |
Director |
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Address : |
5-G Grenville House, 1 Magazine Gap REoad, Hong Kong |
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Date of Birth/Age : |
08.12.1953 |
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Date of Appointment : |
16.03.1995 |
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Name : |
Mr. Dara P. Mehta |
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Designation : |
Director |
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Address : |
120 Wode House Road, Colaba, Mumbai – 400005, Maharashtra, India |
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Date of Birth/Age : |
13.07.1933 |
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Date of Appointment : |
16.03.1995 |
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Name : |
Mr. Sandeep S. Nair |
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Designation : |
Director |
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Address : |
103 Parijat Sunder Van Park, Ram Chandra Nagar – 3 Thane West, Thane –
400604, India |
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Date of Birth/Age : |
17.07.1967 |
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Date of Appointment : |
01.04.2003 |
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Name : |
Mr. Peter John Baptista |
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Designation : |
Director |
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Address : |
501 Thw Anchorage, 170/71 Central Avenue Chembur, Mumbai – 400071,
Maharashtra, India |
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Date of Birth/Age : |
08.11.1943 |
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Date of Appointment : |
26.05.2003 |
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Name : |
Mr. Erik Carl Meyer |
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Designation : |
Director |
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Address : |
771 Autum Branch, west Ervile, USA 43081 |
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Date of Birth/Age : |
10.06.1940 |
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Date of Appointment : |
28.065.1993 |
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Name : |
Mr. Anand P. Ekbote |
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Designation : |
Managing Director |
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Address : |
A-1 Sangam, 1st Floor, Juhu Versova Link Road, Andheri
(West), Andheri, Mumbai – 400053, Maharashtra, India |
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Date of Birth/Age : |
01.07.1958 |
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Date of Appointment : |
01.08.1993 |
KEY EXECUTIVES
|
Name : |
Mr. Vijayshankar Gangoli |
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Designation : |
Company Secreatry |
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Address : |
2 Dwarka Chs Limited Saraswati Road, Santacruz, Mumbai – 400054,
Maharashtra, India |
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Date of Birth/Age : |
16.10.1958 |
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Qualification : |
30.05.2000 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
(As on 28.09.2004)
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Names of Shareholders |
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No. of Shares |
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Liebert Corporation |
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450000 |
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Emerson Electric (Mauritus) Limited |
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450000 |
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Total |
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900000 |
(As On 31.03.2007)
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Category |
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Percentage |
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Foreign Holding (FIIs, FCs, FFIs. NRIs, OCBs. Or Others) |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufactures of Uninterruptible Power Supply (UPS) Systems, Climate and Environmental
Systems, DC power systems, Automatic Transfer Switches (ATS), Racks,
Monitoring Solutions and Enclosures for IT Server protection |
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Products : |
· Air and Power · Liebert · ASCO · Emerson Energy
Systems
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GENERAL
INFORMATION
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No. of Employees : |
1500 |
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Bankers : |
Not Available |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
BSR and Company Chartered Accountant |
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Address : |
KPMG House, 448 Kamala Mills Compound, Senapati Bapat Marg, Lower
Parel, Mumbai – 400013, Maharashtra, India |
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Associates/Subsidiaries : |
Leroy Somer and Controls (India) Private Limited U31200DL1991PTC043306 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Millions |
|
3000000 |
Preference Shares |
Rs.10/- each |
Rs.30.000 Millions |
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|
|
|
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Total |
|
Rs.120.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Millions |
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FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
|
90.000 |
90.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
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3] Reserves & Surplus |
|
1748.440 |
1238.916 |
|
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4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
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NETWORTH |
|
1838.440 |
1328.916 |
|
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LOAN FUNDS |
|
|
|
|
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1] Secured Loans |
|
111.533 |
0.000 |
|
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2] Unsecured Loans |
|
0.000 |
0.000 |
|
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TOTAL BORROWING |
|
111.533 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
6.683 |
|
|
|
|
|
|
|
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TOTAL |
|
1949.973 |
1335.599 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
|
111.126 |
109.973 |
|
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Capital work-in-progress |
|
7.399 |
0.133 |
|
|
|
|
|
|
|
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INVESTMENT |
|
230.195 |
216.328 |
|
|
DEFERREX TAX ASSETS |
|
0.595 |
0.000 |
|
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
436.190 |
203.275 |
|
|
Sundry Debtors |
|
839.209 |
377.883 |
|
|
Cash & Bank Balances |
|
1270.172 |
868.509 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
291.979 |
250.997 |
|
Total
Current Assets |
|
2837.550 |
1700.664 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
1123.060 |
632.977 |
|
|
Provisions |
|
113.832 |
58.522 |
|
Total
Current Liabilities |
|
1236.892 |
691.499 |
|
|
Net Current Assets |
|
1600.658 |
1009.165 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1949.973 |
1335.599 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
|
Sales Turnover |
|
3928.565 |
2333.603 |
|
|
Other Income |
|
0.000 |
0.000 |
|
|
Total Income |
|
3928.565 |
2333.603 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
780.346 |
450.972 |
|
|
Provision for Taxation |
|
0.000 |
0.000 |
|
|
Profit/(Loss) After Tax |
|
780.346 |
450.972 |
|
|
|
|
|
|
|
|
Export Value |
|
121.883 |
47.636 |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Interests |
|
1.822 |
0.213 |
|
|
Depreciation & Amortization |
|
17.782 |
14.855 |
|
|
Other Expenditure |
|
3128.615 |
1867.563 |
|
Total Expenditure |
|
3148.219 |
1882.631 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
19.86 |
19.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
19.86 |
19.32 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
26.46 |
24.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.42 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.73 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.29 |
2.46 |
LOCAL AGENCY
FURTHER INFORMATION
Business:
Subject
(formerly Tata Liebert Limited) is a wholly owned subsidiary of Emerson Electric, USA, a
conglomerate having 22.6 Billion US$
turnover and a ranking of 115 among Fortune 500 Companies.
Subject was set up in September 1993, inaugurated by Mr. Charles Knight, the
legendary Chairman of the Emerson group. Since then we are witnessing growth in
the country.
Subject has seen CAGR
of 30 %, only reaffirming our success in the Indian market.
They have established as market leader in the Power Protection solutions and Precision Air Condition segment.
Emerson Network Power India manufactures and markets Uninterruptible Power Supply (UPS) systems, Climate
and Environmental systems, DC power systems, Automatic Transfer Switches (ATS),
Racks, Monitoring Solutions and Enclosures for IT Server protection and power
distribution units - all supported by world-class professional
services, catering to major industries such as the IT/ITes ,Telecom, Banking and Finance, Process
Control, Biotech, Healthcare, Retail, Infrastructure and Government sectors
Subject is made up of the following brands: Liebert, ASCO Power Technologies and Emerson Energy Systems. All our
brands are aligned to offer the consumers a one-stop shop for his Network power
needs however demanding or complex they may be. Subject is serving
network-dependent data, telecommunications and Internet-related businesses with
a full spectrum of reliable power and connectivity solutions
An ISO 9001 and ISO 14001
certified company; company crossed a major quality milestone when it was
accorded Level II recognition
by the MAIT (Manufacturers Association for Information Technology) in 1998.
This is the highest ever recognition accorded by MAIT in India for a company
and the first in the manufacturing sector.
Press Release:
EMERSON NETWORK POWER AND DELL RELEASE ENERGY SMART
SOLUTIONS THAT INCREASE DATA CENTER PERFORMANCE WHILE LOWERING ENERGY USAGE
Emerson Network Power, a business of Emerson (NYSE: EMR) and
the global leader in enabling Business-Critical Continuity(tm), today announced
an agreement with Dell that can immediately help customers expand data centre
capacities while driving down energy costs.
The Dell-Liebert Energy Smart Solutions combine Dell's
PowerEdge Energy Smart servers with Liebert XD and Liebert DS cooling systems
to maximize data centre performance, density and efficiency. The Dell-Liebert
Energy Smart Solutions can deliver an 80 percent increase in performance and a
42 percent reduction in facility power, while maintaining high levels of
business continuity and availability. This empowers customers to simplify their
IT environments, reduce data centre energy consumption and reclaim data centre
space.
The innovative Liebert XD system provides high-capacity
overhead or rack-adjacent cooling using a high-efficiency pumped refrigerant to
achieve dramatic increases in data centre cooling efficiency while offering the
ability to utilize existing data centre infrastructure.
THE LIEBERT XD OVERHEAD COOLING SOLUTION
This system is supported by the Liebert DS, the only
precision cooling system to use variable capacity Digital Scroll compressors,
which balances cooling across the room while controlling humidity and filtering
out harmful dust and particles. These systems are matched to Dell's PowerEdge
servers to create a scalable and efficient high-performance computing
environment.
"Power and cooling, and the technology systems they
support, are more interdependent than ever," said Steve Madara, vice
president and general manager, Liebert Precision Cooling, Emerson Network
Power. "Working closely with leading technology manufacturers such as Dell
enables us to optimize performance, achieve greater efficiencies and support
higher-capacity environments."
The Dell-Liebert Energy Smart Solutions are available
worldwide, and are being jointly marketed and sold by the two organizations.
Emerson Network Power announces strategy to boost presence
in the Indian rack solutions space
Highlights of Emerson’s strategy
·
Launches PNR 42 - unique floor mounting rack for datacenters
·
Plans to capture 15% market share by 2007 end
·
Company to identify “Network Solution Partners” to push
sales
Mumbai, June 14, 2007 –
Emerson Network Power (India) Pvt Ltd, (Emerson), a global leader in enabling
Business-Critical Continuity™, has unveiled its strategy to capture substantial
share of the Indian rack solutions segment. As a part of its strategy, Emerson
will primarily target datacenters in IT, ITES and Telecom verticals with an aim
to capture 15% of the estimated Rs. 450 crore IT and Telecom rack solutions
market by end of 2007.
PNR 42
Emerson has announced the launch of PNR 42, a unique floor mounting rack
solutions for datacenters, in the Indian market. This high quality rack is
specially designed for cabling, networking and light server applications.
PNR 42 is a complete sheet steel structure and is designed
for easy configuration and mounting Flexibilities. The folded sheet steel frame
gives it the capability to handle static load of 350 kgs. The top cover design
enables effective air management and easy cable entry. With features like the
double sided door configurability and 65% perforations, the PNR 42 offers an
unmatched combination of aesthetics, design and superlative performance.
Commenting on the launch, Mr. Sandeep Nair, MD,
Emerson Network Power India said, “The Indian rack solutions segment
has tremendous potential and we are confident of garnering a substantial market
share in coming years. India’s emergence as the back office hub of the world
coupled with the exponential growth of telecom and other segments has driven
the need to develop and maintain world-class datacenters. Our high-tech rack
solutions, which will offer turnkey solutions to all organizations, will help
plug an important need felt by data centres and thereby help us further extend
our leadership in the enterprise segment.”
Emerson entered the rack cooling solutions segment last year
post its acquisition of Knurr AG, the global leader in Rack and Enclosure
Technologies for IT and Telecom vertical. With the launch of rack-cooling
solutions as part of its portfolio, Emerson Network Power now delivers the
broadest portfolio of technologies - taking proven cooling technologies from
room-level applications and integrating them into the rack.
To effectively reach its target audience across India,
Emerson will adopt a unique sales model. In this, apart from selling to
prospective customers directly, Emerson will identify and select large System
Integrators (SIs) who will actively support the sale of rack solutions. Through
this model, Emerson aims to leverage the relationship that these System
Integrators share with the IT managers and educate them on the relevance of
‘Business Critical Continuity’. Emerson has also created a special profile for
these partners referring to them as “Network Solution Partners” and plans to
tap 8-10 NSPs for its rack solutions business.
About Emerson Network Power (India) Pvt Ltd
Emerson Network Power, a business of US$ 20.1 billion
Emerson (NYSE:EMR), is the global leader in enabling Business-Critical
Continuity™. The company is the trusted source for custom, adaptive and
ultra-reliable solutions that enable and protect its customers’
business-critical technology infrastructures. Backed by the largest global
services organization in the industry, Emerson Network Power offers a full
range of Innovative Power, Precision Cooling, connectivity, Automatic Transfer Switches,
Enclosure Systems, Site Monitoring & Services, Surge Protection Solution
and embedded products and services for computer, communications, healthcare and
industrial systems. For more information on Emerson Network Power, its services
and products visit www.emersonnetworkpower.co.in and
for information on the full spectrum of enterprise-wide solutions from Emerson
Network Power, visit www.emersonnetworkpower.com
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.42.24 |
|
UK Pound |
1 |
Rs.83.26 |
|
Euro |
1 |
Rs.65.58 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--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 |
|
72 |
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 |
|