MIRA
INFORM REPORT
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Report Date : |
06.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
NOKIA SIEMENS NETWORKS PRIVATE LIMITED |
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Formerly Known As : |
NOKIA NETWORKS INDIA PRIVATE LIMITED |
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Registered Office : |
2nd Floor, Commercial Plaza, Radisson Complex, National
Highway – 8, New Delhi – 110 037 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
01.11.2006 |
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Com. Reg. No.: |
155149 |
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CIN No.: [Company
Identification No.] |
U72900DL2006PTC155149 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
DELN08029A |
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PAN No.: [Permanent
Account No.] |
AACCN3871F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in the business of providing telecom
services. |
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 500 |
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Status : |
Excellent |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a part of Nokia Siemens group. Available information indicates
high financial responsibility of the company and management. Trade relations
are fair. Payments are usually correct and as per commitments. Nothing adverse reported. The company can be considered for your proposed business dealings at
usual trade terms and conditions. It can be regarded as a promising business. It can be regarded as a promising business partner in a medium to
long-run. |
LOCATIONS
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Registered Office : |
2nd Floor, Commercial Plaza, Radisson Complex, National Highway
No. 8, Mahipalpur, New Delhi – 110037, India |
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E-Mail : |
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Corporate Office : |
Industrial Growth Centre, Electronic Hardware Special Economical Zone,
Panrutti, Chennai – 603 109, Tamilnadu, India |
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Head Office : |
5F, Tower – A and B, Cybergreen, DLF Cyber City, Sector – 25A, Gurgaon
– 122 022, Haryana, India |
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Tel No.: |
91-124-4199000 |
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Fax No. : |
91-124-4199104 |
DIRECTORS
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Name : |
Mr. Sanjeev Krishana Sharma |
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Designation : |
Director |
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Address : |
805 C. A. Apartments, Paschim Vihar, New Delhi – 110063, India |
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Date of Birth/Age : |
11.11.1960 |
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Date of Appointment : |
01.11.2006 |
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Other Directorship : |
·
Oilex India Private Limited U23209DL2005PTC137479 ·
Airwide Solutions India Private Limited U72200DL2006PTC150643 |
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Other Partnership : |
J. N. Sharma and Company 58/4, Birhana Road, Kanpur – 248001, Uttar Pradesh, India |
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Name : |
Ms. Nidhi Sharma |
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Designation : |
Director |
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Address : |
805 C. A. Apartments, Paschim Vihar, New Delhi – 110063, India |
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Date of Birth/Age : |
29.06.1964 |
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Date of Appointment : |
07.12.2006 |
KEY EXECUTIVES
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Name : |
Mr. Arun Kamal Sen |
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Designation : |
Secretary |
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Address : |
Block GP, Plot G, Sector – V, Bidhan Nagar, Kolkata – 700 091, West
Bengal, India |
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Date of Birth/Age : |
26.08.1956 |
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Date of Appointment : |
01.08.2007 |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Sanjeev Krishana Sharma |
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9990 |
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Ms. Nidhi Sharma |
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10 |
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Total |
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10000 |
List of Allotment
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Names of Allottees |
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No. of Shares |
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Nokia Siemens Networks BV, Netherlands |
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186421000 |
Equity shares Breakup (percentage of total equity)
(As on 31.12.2007)
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Category |
Percentage |
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Foreign holdings (Foreign investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident indian (s)
or Overseas corporate bodies or Others
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100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of providing telecom
services. |
GENERAL
INFORMATION
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Bankers : |
Not Available |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Gaurav Gupta and Associates Chartered Accountants |
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Address : |
354, 2nd Floor, Phase – II, Udyog Vihar, Gurgaon – 122 002,
Haryana, India |
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Associates/Subsidiaries : |
·
Oilex India Private Limited U23209DL2005PTC137479 ·
Airwide Solutions India Private Limited U72200DL2006PTC150643 |
CAPITAL STRUCTURE
(As on 31.12.2007)
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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190000000 |
Equity Shares |
Rs.10/- each |
Rs.1900.000 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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186431000 |
Equity Shares |
Rs.10/- each |
Rs.1864.310 Millions |
(As on 31.03.2007)
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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0.000 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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0.100 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.000 |
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TOTAL BORROWING |
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0.000 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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0.100 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.000 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.093 |
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Other Current Assets |
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0.022 |
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Loans & Advances |
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0.000 |
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Total
Current Assets |
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0.115 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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0.015 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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0.015 |
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Net Current Assets |
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0.100 |
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MISCELLANEOUS EXPENSES |
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0.000 |
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TOTAL |
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0.100 |
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KEY RATIOS
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PARTICULARS |
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31.03.2007 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.15 |
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Current Ratio (Current Asset/Current Liability) |
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7.67 |
LOCAL AGENCY
FURTHER INFORMATION
Note
The Registered Office of the address has been shifted from 1568 Church
Road, Kashmere Gate, Delhi – 110 006, India to the present address w.e.f.
02.03.2007.
Company Profile:
Subject is a leading global
enabler of communications services. The company provides a complete,
well-balanced product portfolio of mobile and fixed network infrastructure
solutions and addresses the growing demand for services with 20,000 service
professionals worldwide. The combined pro-forma net sales of €17.1 billion Euro
in fiscal year 2006 make Nokia Siemens Networks one of the largest
telecommunications infrastructure companies.
Nokia Siemens Networks has
operations in some 150 countries and is headquartered in Espoo, Finland. It
combines Nokia’s Networks Business Group and the carrier related businesses of
Siemens Communications.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.88 |
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UK Pound |
1 |
Rs.82.97 |
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Euro |
1 |
Rs.64.99 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
8 |
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PAID-UP CAPITAL |
1~10 |
8 |
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OPERATING SCALE |
1~10 |
8 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
8 |
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--PROFITABILIRY |
1~10 |
8 |
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--LIQUIDITY |
1~10 |
8 |
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--LEVERAGE |
1~10 |
8 |
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--RESERVES |
1~10 |
8 |
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--CREDIT LINES |
1~10 |
8 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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