MIRA
INFORM REPORT
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Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
CAPITEL WIRELESS PRIVATE LIMITED |
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Registered Office : |
C 53, 5th Floor, Himalaya House, Kasturba Gandhi Marg, New Delhi-1100001 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Year of Establishment : |
01.08.2002 |
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Com. Reg. No.: |
55-116387 |
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CIN No.: [Company
Identification No.] |
U72900DL2002PTC116387 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELC05390A |
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PAN No.: [Permanent
Account No.] |
AAACW4189P |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacturer and Importer of Communication Equipments. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100000 |
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Status : |
Satisfactory |
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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 meeting its normal
commitments timeously. Trade relations are fair. Business is active. The company can be considered good for normal business dealings. |
INFORMATION PARTED
BY
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Name : |
Mr. Amarjeet |
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Designation : |
Account Manager |
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Date : |
03.06.2008 |
LOCATIONS
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Registered Office : |
C 53, 5th Floor, Himalaya House, Kasturba Gandhi Marg, New
Delhi-1100001, India |
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Tel. No.: |
91-11-23313178/ 23351279 |
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Fax No.: |
91-11-23314606 |
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E-Mail : |
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Website : |
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Area : |
738 sq ft (Owned) |
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Factory: |
Located at Noida, India |
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Factory: |
Located at Mumbai |
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Factory: |
Located at Bangalore |
DIRECTORS
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Name : |
Mr. Roshan Lal Kapur |
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Designation : |
Director |
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Address : |
D-396
New Friends Colony, New Delhi- 110065 |
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Date of Birth/Age : |
67 Years |
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Date of Appointment : |
01/08/2002 |
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Name : |
Mr. Arvind Kumar Kapur |
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Designation : |
Director |
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Address : |
D-396
New Friends Colony, New Delhi- 110065 |
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Date of Birth/Age : |
35 Years |
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Date of Appointment : |
01/08/2002 |
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Name : |
Mr. Vishal Kumar Kapur |
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Designation : |
Director |
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Address : |
D-396
New Friends Colony, New Delhi- 110065 |
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Date of Birth/Age : |
28 Years |
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Date of Appointment : |
01/08/2002 |
KEY EXECUTIVES
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Name : |
Mr. Amarjeet |
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Designation : |
Account Manager |
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Name : |
Y J Basrar and Associates |
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Designation : |
Company Secretary |
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Address : |
16 FF, Satya Niketan, New Delhi- 110021, India |
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Mobile No.: |
91-9910511994 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 31st March 2007
|
Names of Shareholders |
|
No. of Shares |
|
Roshan Lal Kapur |
|
40000 |
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Arvind Kumar Kapur |
|
85000 |
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Vishal Kumar Kapur |
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30000 |
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Total |
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155000 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2007
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Category |
|
Percentage |
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Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Importer of Communication Equipments. |
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Products : |
Ø
Windows
Mobile Ø
PC
Data Card Ø
BTS
Antenna Ø
RF
Outdoor Repeater Solution Ø
Optical
Repeater Solution – (Analog & Digital) Ø
RF
Indoor Repeater Solution Ø
Microwave
Repeaters Ø
Frequency
shift Repeaters Ø
TMA
& TMB (Tower Mounted Amplifier & Boosters) v
Passive
components |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
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Bankers : |
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Facilities : |
LC and CC |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Shankar Singal Associates Chartered Accountant |
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Address : |
407, Sethi Bhawan, 7, Rajendra Place, New Delhi-110008, India |
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Tel. No.: |
91-11-25780259 |
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Associates/Subsidiaries : |
Ø
High
Gain Telecom Company Limited, Korea Ø
Comba
Telecom Systems, Hong Kong to provide various equipments including based station
antennae Ø
M.P.
Birla Group : India’s Largest industrial group Ø
Asea
Brown Boveri (ABB) - Power Equipment, Infrastructure & Engineering
Multinational Ø
Ericsson
AB , Sweden - Telecom Multinational Giant
Ø
LGP
Allgon Systems AB, Sweden : International Telecom equipment manufacturer
specializing in coverage products and solutions. Ø
UBS,
Canada : Solution provider for access systems for microwave radio. Ø
Hitachi
Cable Limited, Japan: Manufacturer of high technology telecom product, RF
access equipment Ø
Eten
(USA): Manufacturer of GSM PDA phone based on Microsoft software Ø
Confederation
Of Indian Industry: India’s most prestigious Investment and trade promotion
Association Ø
PHD
Chambers Of Commerce: Northern India Oldest and largest trade promotion and
Industrial Association Ø
Export
Engineering Promotion Council: Trade promotion body of the Govt. of India. |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
160000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.600 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
155000 |
Equity Shares |
Rs. 10/-
each |
Rs. 1.550
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE SHEET
|
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 |
1.550 |
1.550 |
1.550 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
20.405 |
2.591 |
0.000 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(4.705) |
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NETWORTH |
21.955 |
4.141 |
(3.155) |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
5.695 |
2.000 |
1.150 |
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TOTAL BORROWING |
5.695 |
2.000 |
1.150 |
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DEFERRED TAX LIABILITIES |
0.263 |
0.019 |
0.000 |
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TOTAL |
27.913 |
6.160 |
(2.005) |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
8.284 |
0.553 |
0.490 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
2.675 |
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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 |
6.080
|
2.101
|
1.331 |
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Sundry Debtors |
21.930
|
7.406
|
0.000 |
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Cash & Bank Balances |
1.044
|
3.722
|
1.098 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
11.688
|
1.181
|
0.156 |
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Total
Current Assets |
40.742
|
14.410 |
2.585 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
10.359
|
7.398
|
8.140 |
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Provisions |
11.216
|
1.690
|
0.000 |
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Total
Current Liabilities |
21.575
|
9.088 |
8.140 |
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Net Current Assets |
19.167
|
5.322 |
(5.555) |
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MISCELLANEOUS EXPENSES |
0.462 |
0.285 |
0.385 |
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TOTAL |
27.913 |
6.160 |
(2.005) |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
144.257 |
|
16.254 |
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Other Income |
0.405 |
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Total Income |
144.662 |
70.005 |
16.254 |
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Profit/(Loss) Before Tax |
27.585 |
11.679 |
[2.760] |
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Provision for Taxation |
9.042 |
1.440 |
-- |
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Profit/(Loss) After Tax |
18.543 |
10.239 |
[2.760] |
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Imports : |
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Raw Materials |
87.912 |
41.688 |
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Expenditures : |
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Depreciation & Amortization |
1.419 |
0.149 |
0.201 |
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Other Expenditure |
115.658 |
58.177 |
18.813 |
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Total Expenditure |
117.077 |
58.326 |
19.014 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
12.82
|
14.63
|
[16.98] |
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Net Profit Margin (PBT/Sales) |
(%) |
19.12
|
16.68
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[16.98] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
56.27
|
78.05
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[89.76] |
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Return on Investment (ROI) (PBT/Networth) |
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1.26
|
2.82
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[0.87] |
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Debt Equity Ratio (Total Liability/Networth) |
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1.24
|
2.68
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[2.94] |
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Current Ratio (Current Asset/Current Liability) |
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1.89
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1.59
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0.32 |
LOCAL AGENCY
FURTHER INFORMATI
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
Charge |
|
Corporate identity
number of the company |
U72900DL2002PTC116387 |
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Name of the
company |
CAPITEL
WIRELESS PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in India of the company |
C-53, Himalaya House, Kasturba Gandhi Marg, Connaught Place, New Delhi-110001 |
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Type of charge |
|
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Particular of
charge holder |
ICICI Bank
Limited, Landmark Race Cource Circle Alkapuri, Baroda – 390015, Gujarat,
India |
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Nature of description
of the instrument creating or modifying the charge |
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Date of
instrument Creating the charge |
05.06.2007 |
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Amount secured by
the charge |
Rs.21.600
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 2.75 % p.a. below
I – BAR prevailing on date of disbursement of each tranche of the facility,
plus applicable interest tax or other statutory levy, if any. IBAR as on date
is 15.75 % p.a. and the applicable rate as on date is 13.0 % p.a. provided
that aforesaid interest rate shall be reset at the end of every 12 months
from the date of disbursement of the first tranche of facility based on the
then prevailing IBAR, and the company shall thereafter pay interest at such
reset rate. Terms of
repayment 16 equal
quarterly installments starting after 6 months from the last date of
disbursement. Margin 40 % Extent operation
of the charge
Others The above is to
secure the rupee term loan |
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Short particulars
of the property charged |
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As Per Website
Profile
Incorporated
on 1ST August 2002 the subject is a Turn Key Solution Provider to Mobile
Operators for providing Radio Frequency based coverage and capacity solutions,
products. It provides a host of value added services along with the Radio
Frequency based telecom equipment to increase the coverage and capacity of
Wireless network operators. These value
added services include Mobile network design turnkey installation and
implementation, acceptance testing and network optimization services. In
addition the subject employs RF, Telecom Engineers for providing technical
support and after sales service maintenance to its clients for the products
installed, provided by subject.
Capitel
has a host of alliances with key multi national telecom equipment manufacturing
company including Allgon Systems AB of Sweden, High Gain Telecom Company Limited
of Korea, Comba Telecom Systems of HK to provide various equipments including
based station antennae, various kinds of Cellular Repeaters (including Radio
Frequency Repeaters, Analogue/Digital Optical Repeaters, Frequency Shift
Repeaters, tower Mounted Amplifiers and Boosters).
The subject’s Data Centric
Business Division concentrates on marketing and distribution of information
communication devices and as exclusive distribution rights for marketing
distribution and after sales service and maintenance of Windows Mobile™ phone
devices and cellular PC Cards (GSM/CDMA network interface cards). It has
alliances with Microsoft Windows Mobile manufacturer including Sierra Wireless
from Canada and Eten Information Systems of Taiwan. For network interface cards
Capitel has alliance with World leader Option BV of Belgium (controlling 30% of
world market share). These data centric devices are marketed in alliance and
national tie up with leading operators including Bharti Tele Ventures Limited
(Airtel) and Hutchison Max Telecom Private Limited (Hutch)
Brief about Capitel Group
1986
The group steers its efforts into
marketing of “telecom infrastructure equipment” and other related products in
association with “M.P. Birla Group” (Vindhya Telelinks Limited) – one of the
largest domestic manufacturers of the same in technical collaboration with
Ericsson of Sweden.
1991
Third largest supplier of telecom
equipment” to the department of telecommunications of the union Government of
India.
1994
Birla Ericsson Optical Limited
(50:50 Joint Venture with Ericsson of Sweden) launches operations with tie up,
commercial collaboration with Trexim Group
1995
Trexim Corporation Group achieves
800 millions turnover for the new associate BEOL 300% growth in telecom supplies to the Govt. bodies in past five
years
1996
First Indian company to procure
business from Private mobile service operator – Bharti Cellular “Airtel”
1997
Launches business division to
provide value added services to mobile and fixed service operators
1998
largest single order from DOT (now
BSNL) and MTNL exceeding USD 90 million
2001
The group initiates research on
new and upcoming technologies in telecom worldwide and explore new avenues in the
growing wireless and mobile communication field
Capitel Wireless Private
Limited formed as 100% subsidiary of Trexim Corp., to focus on wireless
solutions, products.
2002
Achieves accumulated Telecom
supplies exceeding 25000 millions (0.5 Billion USD). Capitel partners’ ALLGON, Sweden to exclusively market coverage
solutions and repeater, antenna, filters, combiners. Partners Hitachi cable, to promote RF feeder cable, coverage
equipment to ISP’s, Broad band operators, Broadcasting companies etc.
2003
Attains preferred vendor status
for leading GSM, CDMA operators.
Focuses on retail and enterprise segment for mobility enabling products
and solutions. Attained Exclusive distribution rights from Eten Information systems
for Microsoft windows mobile based PDA phone.
2004
First company to Launch Microsoft,
based PDA phone in India.
Subject
imports Cellular Repeaters (including Radio
Frequency Repeaters, Analogue/Digital Optical Repeaters, Frequency Shift
Repeaters, tower Mounted Amplifiers and Boosters).
Subject
does not export and provides its services to major telecom companies in India.
P - 700
Features
Wireless
Ø
Integrated
GSM tri-band module lets you safely and securely check email, surf the Internet
and access the company network in the office and at home, even while you
are on the road.
Ø
Integrated
BluetoothR® capabilities not only strengthening network functionality, but also
enhances expandability, convenience and flexibility.
Ø
Add-on
wireless connectivity (802.11b) fitting a wide range of business environments
making it easier to connect, communicate and transfer data.
Expandable
Ø
All
the powerful mobile performance you need as well as extensive expandability.
Ø
Intel®
PXA255 400 MHz processor and 64MB RAM provide you with exceptional performance.
Ø
SDIO
and CF type I dual expansion slots let you add extra storage and enhanced
functionality, such as GPS
Ø
Navigation,
digital photo capture, connection to a projector and barcode scanning.
Versatile
Ø
More
capabilities fitting the demands of the enterprise.
Ø
USB
host function allows the connection of the P700 with peripherals such as a
mouse and keyboard.
Ø
Bluetooth®
wireless capability allows connectivity to Bluetoot®h notebook PCs, printers
and accessories.
Key
Features
Ø
Intel®
PXA255 400 MHz processor
Ø
Integrated
Bluetooth® for wireless communication with other Bluetooth® devices
Ø
GSM
tri-band 900/1800/1900 MHz, GPRS Class B, Multi-slot Class 10
Ø
65K
colors transflective TFT touch screen
Ø
Removable
and rechargeable Li-Ion battery
Ø
Pocket
PC and mobile phone functions support
Ø
Messaging
functionality includes SMS, email and MSN® Messenger
Ø
Microsoft
Pocket IE, Word, Excel, Outlook business productivity tools
Ø
Personal
information management and better email security (SSL for IMAP/POP3 email)
Ø
Built-in
SD card slot and Company Flash™ type I expansion slot
Ø
USB
host function support
Ø
The
peripherals manufacturer provides Pocket PC 2003 drivers.
Specifications
|
Operating system |
Windows
MobileTM 2003 software for Pocket PC Phone Edition |
|
Processor |
Intel®
PXA255 400 MHz Processor |
|
Memory |
64 MB
NAND Flash, 64 MB SDRAM (57 MB main memory) |
|
Display |
3.5'',
240 x 320, color transflective TFT LCD, 65,536 colors, back light |
|
Dimensions (LxWxH) |
131 x
78 x 21 mm |
|
Weight |
200 g |
|
Communications |
GSM
tri-band 900/1800/1900 MHz, GPRS Class B / Multi-slot Class10 |
|
|
Bluetooth™ |
|
Expansibility |
SDIO
card slot and CompactFlash™ type I slot |
|
Interface/Audio |
Built-in
microphone and speaker, 2.5mm stereo mini headset jack |
|
Interface/Data |
IrDA
(115 KB/s), USB sync, USB host (via cradle) |
|
Ergonomic Design |
Touch
Screen for stylus or fingertip, five-way directional key, power button, 4 quick
application buttons, record button, volume up/down |
|
Battery |
1440
mAh Li-Ion, rechargeable, replaceable |
|
Software (pre-loaded) |
Pocket
Outlook® (Calendar, Tasks, Contacts and Inbox), MSN® Messenger, Pocket Internet
Explorer, Microsoft® Transcriber, Pocket Word, Pocket Excel, Microsoft®
Windows Media™ Player 9, Microsoft Reader, Picture, Terminal Services Client,
Notes Taker, Voice Recorder, ActiveSync®, Calculator, Game (Solitaire,
Jawbreaker), Phone Application (*depends on region) |
|
E-TEN Exclusive Applications |
Bluetooth Manager |
|
Packing List |
E-TEN
P700, stylus, USB cradle, AC adapter, headset, Companion CD, leather case,
quick start guide, user manual. |
|
Accessories |
Stylus,
USB cradle with independent slot for additional battery charge, battery pack,
AC adapter, leather cover, USB host cable, USB sync cable with DC-in plug,
car charger, portable keyboard, GPS kit |
Globe Trotter EDGE is the superior
PC Data Card solution delivering near broadband wireless capability to laptops
and notebooks by providing EDGE and GPRS technologies in a single PC Card
package.
On an
EDGE network, Globe Trotter EDGE enables connection to the Internet at data speeds
up to 236.8 kbps using EGPRS. In areas where EDGE services are not available
the Globe Trotter EDGE still enables reliable and secure data connections over
GPRS.
Globe Trotter EDGE opens up the
true world of mobile wireless broadband and is the ideal companion for the
mobile professional enabling the Internet, Email, and office applications with
real-time secure VPN access to corporate applications whilst on the move.
Globetrotter Edge - Edge/Gprs Pc
Data Card
Feature Overview
Ø
Quad-band
radio card suitable for use on EGRPS/GPRS/GSM networks worldwide
Ø
EGRPS
236.8 kbps high-speed data performance, GPRS/GSM data speeds to 85.6 kbps
(Network dependent)
Ø
PTCRB
compliant
Ø
Compatible
with most notebooks providing a Type II PC-Card slot and utilising Microsoft
Windows Operating Systems
Ø
Supports
IPSec client software for end to end secure corporate data exchange and
synchronisation over VPN
Ø
NDIS
compatible
Specifications
EDGE/GPRS/GSM
Air interface:
Ø
Quad-band
operation GSM850, EGSM 900, DCS 1800, PCS 1900
Ø
GSM
Power Class 4 (2W) for 850/900 bands, GSM Power Class 1 (1W) for 1800/1900
bands
Ø
EDGE
class E2 (+27dBm in 850/900 bands, +26dBm in 1800/1900 bands)
Ø
GSM/GPRS
Rel ‘97; PCS1900 Rel ‘98; EGPRS Rel ‘99 compliant
EGPRS/GPRS
(PS) feature set:
Ø
GPRS/EGPRS
Multislot Class 10 (4 slots Rx, 2 slots Tx, 5 max active)
Ø
GRPS/EGPRS
Class B Type 1 MT
Ø
GPRS
CS1-CS4; EGPRS MCS1-MCS9
Ø
Link
Adaptation
Ø
Incremental
redundancy (IR)
Ø
Primary
PDP context activation/modification
Ø
GERAN
Feature Package 1
Ø
Packet
flow context functionality: for supporting different QoS under the same PDP
context.
GSM
feature set:
Ø
GSM
Circuit Switched data: 14.4 and 9.6 kbps
WLAN
support:
Ø
PCSC
compliant SIM interface for EAP-SIM WLan authentication.
Terminal
Equipment interfaces:
Ø
Operating
Systems: Windows 2000/XP Home/XP Pro
Ø
WHQL
certified NDIS drivers
Ø
AT
interface with standard modem emulation for compatibility with terminal
programs/dialers and non-Microsoft operating systems
Ø
3GPP
TS 27.010 Multiplexer for simultaneous calls and network coverage reports
Hardware Specifications
Ø
Card
Type: Type II PCMCIA compliant, 3.3V
Ø
External
Interfaces: Miniature External Antenna Connection, 1 red status LED
Ø
SIM
card interface: 3.0V interface
Ø
Memory:
32 Mb Flash Technology for easy upgrade
Capitel’s main focus for supplying mobile infrastructure
equipment based on Radio Frequency as continuing rate contract agreement with Tata
Tele service for national deployment of various cellular Repeaters, Amplifiers
and Boosters. These contracts are negotiated by Capitel’s Sr. Management having
detailed commercial and technical proficiency, knowledge in deployment of the
telecom equipment and related cost benefit, coverage enhancement data.
Capitel’s RF Engineers thereafter assist the technical and
network teams of various operators including Reliance Infocomm and Tata Tele
services for assisting their network, coverage dark spots, providing detailed
network optimisation plans, deploying and installation of various mutually
decided equipments as per the rate contract guidelines finalized with the
higher authorities of the mobile operators
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.42.86 |
|
UK Pound |
1 |
Rs.83.58 |
|
Euro |
1 |
Rs.66.17 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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 |
|