MIRA
INFORM REPORT
|
Report Date : |
07.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
AT AND S INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12/A, Industrial Area, Nanjangud, Karnataka-571301 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation
: |
30.05.1988 |
|
|
|
|
Com. Reg. No.: |
025863 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1988PTC025863 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA05803A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA2930J |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Printed Circuit Board. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 3100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
some losses being incurred by the company continuously in two years. However,
trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office / Factory : |
12/A, Industrial Area, Nanjangud, Karnataka-571301, India |
|
Tel. No.: |
91-8221-304000 |
|
Fax No.: |
91-8221-228570 |
|
E-Mail : |
|
|
|
|
|
Sales Office : |
Nanjan, 1015, Naurang House, 21, Kasturba Gandhi Marg, New
Delhi-110001, Delhi, India |
DIRECTORS
As On : 29.06.2010
|
Name : |
Mr. Pradeep Mehta |
|
Designation : |
Managing Director |
|
Address : |
314, Premier Residency, 3D, Diwans Road, Mysore-570024, Karnataka,
India |
|
Date of Birth/Age : |
25.09.1961 |
|
Date of Appointment : |
21.02.2002 |
|
Election ID No : |
DL/02/007/186360 |
|
Date of Ceasing : |
31.12.2009 |
|
DIN No : |
00043463 |
|
|
|
|
Name : |
MR. Steen Ejlsov Hansen |
|
Designation : |
Director |
|
Address : |
Eduard- Pfeiffer Str, 61, Stuitgart-70192 |
|
Date of Birth/Age : |
28.10.1958 |
|
Date of Appointment : |
11.03.2004 |
|
DIN No : |
01260749 |
|
|
|
|
Name : |
Mr. Herald Sommerer |
|
Designation : |
Director |
|
Address : |
Dirbockweg, 3 A-8700, Leoben, Australia |
|
Date of Birth/Age : |
15.03.1967 |
|
Date of Appointment : |
21.01.1999 |
|
Date of Ceasing : |
31.01.2010 |
|
DIN No : |
00549605 |
|
|
|
|
Name : |
Mr. Moitzi Heinz |
|
Designation : |
Director |
|
Address : |
8740, Zeltweg, Australia |
|
Date of Birth/Age : |
05.07.1956 |
|
Date of Appointment : |
11.03.2004 |
|
DIN No : |
00323506 |
|
|
|
|
Name : |
Mr. Suryaprasad Hegde |
|
Designation : |
Managing Director |
|
Address : |
Templetrees Apartments, Siddartha Nagar, Mysore-570011, Karnataka,
India |
|
Date of Birth/Age : |
19.05.1961 |
|
Date of Appointment : |
16.06.2006 |
|
DIN No : |
00043548 |
|
|
|
|
Name : |
Mr. Martin Andreas Gerstenmayer |
|
Designation : |
Director |
|
Address : |
Schillerstrabe 37, A 811, Judebdorf, Strabengel, Germany |
|
Date of Birth/Age : |
18.02.1965 |
|
Date of Appointment : |
21.02.2002 |
|
Election ID No : |
DL/02/007/186360 |
|
Date of Ceasing : |
31.12.2009 |
|
DIN No : |
02984636 |
|
|
|
|
Name : |
Mr. Manfred Skledar |
|
Designation : |
Managing Director |
|
Address : |
B 307, Brigade Solitaire 147, 17 and 18, Alanahalli Layput,
Mysore-570011, Karnataka, India |
|
Date of Birth/Age : |
04.03.1958 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No : |
02984636 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Mehta |
|
Designation : |
Secretary |
|
Address : |
314, Premier Residency, 3D, Diwans Road, Mysore-570024, Karnataka,
India |
|
Date of Birth/Age : |
25.09.1961 |
|
Date of Appointment : |
21.02.2002 |
|
Election ID No : |
DL/02/007/186360 |
|
Date of Ceasing : |
31.12.2009 |
|
|
|
|
Name : |
Mr. MNV Krishna Mohan Kumar |
|
Designation : |
Secretary |
|
Address : |
G03, Eltei Brigade Apartments, Princes
Road, Yadavagiri Post, Mysore-570020, Karnataka, India |
|
Date of Birth/Age : |
26.05.1971 |
|
Date of Appointment : |
01.01.2010 |
|
PAN No : |
ACIPM2610G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.06.2010
|
Names of Shareholders |
|
No. of Shares |
|
Austraia Technologie and Systemchink AG |
|
13362499 |
|
MNV Krishna Mohan Kumar |
|
1 |
|
Total |
|
13362500 |
|
|
|
|
|
Names of Preference Shareholders |
|
No. of Shares |
|
Austraia Technologie and Systemchink AG |
|
2500000 |
|
|
|
|
|
Total |
|
2500000 |
AS ON 29.06.2010
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Other top fifty shareholders |
|
0.01 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Printed Circuit Board. |
|
|
|
|
Products : |
Printed Circuit Boards. |
PRODUCTION STATUS (As On : 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Printed Circuit Boards |
Sq. Mts. |
NA |
227.143 |
177.562 |
|
|
|
|
|
|
Notes:
(i) The Company is exempt from the licensing provisions of the
Industries (Development Regulation) Act, 1951.
(ii) The Installed Capacity has been certified by the Company’s
management and relied upon by the auditors, this being a technical matter.
(iii) Figures in brackets relate to previous year.
GENERAL INFORMATION
|
Bankers : |
Punjab National Bank, Devaraj URS Road, Mysore-570001, Karnataka,
India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
Note: Secured by way of a hypothecation of
inventories and book debts and a second charge on fixed assets.
Note: Guaranteed by AT and S, Austria, the
holding company, up to Rs.160,000 (2009: Rs.160,000) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Water House and Company Chartered Accountant |
|
Address : |
5th Floor, Tower D, The Millenia, 1 and 2, Murphy Road,
Ulsoor, Bangalore-560008, Karnataka, India |
|
|
|
|
Holding Company : |
·
AT and S Austria Technologie and Systemtechnik
AG, Austria |
|
|
·
|
|
Fellow Subsidiaries : |
·
AT and S Asia Pacific Limited, Hong Kong (AT and
S APAC) ·
AT and S China Company Limited, China (AT and S
China) |
CAPITAL STRUCTURE
As On : 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 millions |
|
2500000 |
1% Cumulative Redeemable Preference Shares |
Rs. 100/- each |
Rs. 250.000 millions |
|
|
Total |
|
Rs. 400.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13362500 |
Equity Shares |
Rs. 10/- each |
Rs. 133.625
millions |
|
2500000 |
1% Cumulative Redeemable Preference Shares |
Rs. 100/- each |
Rs. 250.00
millions |
|
|
Total |
|
Rs. 383.625 millions |
Notes :
(i) Cumulative Redeemable Preference Shares (issued on December 16,
1996) are due for redemption at par within twenty years.
(ii) Of the above shares, 2,500,000 (2009: 2,500,000) Preference Shares
and 12,500,000 (2009: 12,500,000) Equity Shares are allotted as fully paid-up
pursuant to a contract without payments being received in cash.
(iii) 2,500,000 (2009: 2,500,000) Preference Shares and 13,362,499
(2009: 13,362,499) Equity Shares are held by AT and S Austria Technologie and
Systemtechnik AG (AT and S), Austria, the holding company.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
383.625 |
383.625 |
383.625 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
399.959 |
459.918 |
516.653 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
783.584 |
843.543 |
900.278 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.337 |
0.000 |
45.763 |
|
|
2] Unsecured Loans |
702.283 |
572.192 |
239.572 |
|
|
TOTAL BORROWING |
707.620 |
572.192 |
285.335 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1491.204 |
1415.735 |
1185.613 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
903.812 |
606.781 |
682.247 |
|
|
Capital work-in-progress |
203.836 |
216.513 |
5.272 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.385 |
0.385 |
1.362 |
|
|
DEFERREX TAX ASSETS |
0.000 |
44.652 |
27.776 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
293.819
|
256.370 |
341.593 |
|
|
Sundry Debtors |
68.681
|
120.215 |
189.763 |
|
|
Cash & Bank Balances |
136.990
|
145.200 |
103.573 |
|
|
Other Current Assets |
11.016
|
2.850 |
1.947 |
|
|
Loans & Advances |
412.237
|
318.815 |
363.541 |
|
Total
Current Assets |
922.743
|
843.450 |
1000.417 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
306.690
|
145.697 |
326.700 |
|
|
Other Current Liabilities |
194.896
|
106.051 |
135.422 |
|
|
Provisions |
37.986
|
44.298 |
69.339 |
|
Total
Current Liabilities |
539.572
|
296.046 |
531.461 |
|
|
Net Current Assets |
383.171
|
547.404 |
468.956 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1491.204 |
1415.735 |
1185.613 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1593.176 |
1806.254 |
1935.630 |
|
|
|
Other Income |
241.917 |
156.721 |
234.290 |
|
|
|
TOTAL (A) |
1835.093 |
1962.975 |
2169.920 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
929.699 |
1004.373 |
1121.073 |
|
|
|
Manufacturing Expenses |
718.430 |
856.359 |
718.066 |
|
|
|
TOTAL (B) |
1648.129 |
1860.732 |
1839.139 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
186.964 |
102.243 |
330.781 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
37.241 |
23.404 |
28.534 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
149.723 |
78.839 |
302.247 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
147.640 |
148.376 |
188.093 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.083 |
(69.537) |
114.154 |
|
|
|
|
|
|
|
|
|
Add |
Prior Period
Exceptional and Non Recurring Items |
0.000 |
0.000 |
74.191 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(59.117) |
(15.727) |
93.452 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(57.034) |
53.810 |
94.893 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
334.918 |
391.653 |
299.685 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Preference Dividend |
2.500 |
2.500 |
2.500 |
|
|
|
Tax thereon |
0.425 |
0.425 |
0.425 |
|
|
BALANCE CARRIED
TO THE B/S |
274.959 |
334.918 |
391.653 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
1293.404 |
1456.239 |
1528.629 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
667.609 |
666.430 |
593.407 |
|
|
|
Stores & Spares |
69.484 |
96.651 |
77.764 |
|
|
|
Capital Goods |
344.051 |
45.962 |
31.214 |
|
|
TOTAL IMPORTS |
1081.144 |
809.043 |
702.385 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.49) |
(4.25) |
6.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(3.11)
|
2.74 |
4.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.13
|
(3.85) |
5.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.11
|
(4.65) |
6.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
(0.08) |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.59
|
1.03 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
2.85 |
1.88 |
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE REVIEW
a. Financial
The revenue
decreased by 6.51% compared to the last year. The volume registered a slight decrease
of 2.34% from 181,787 Sq. mts. of PCBs in 2008-09 to 177,535 Sq. mts. in
2009-10. PBIT has increased from Rs. 102 Millions to Rs. 187 Millions during
the year. The company has registered a net loss (Profit after Tax) of Rs. 57
million as against a net loss of Rs. 54 million in the year 2008-09.
b. Operations
During the year,
the company produced 177,562 sq. mtrs of printed circuit boards which is 1.57%
less than 2008-09 production.
BUSINESS OUTLOOK
The company
started the fiscal year with a decimal performance due to worldwide recession.
However from August 2009 recovery has started and company ran with full
capacity from December 2009.
The initiatives
started in 2008-09 to focus on cost reduction and risk mitigation, which helped
the company in reducing the losses and preparing for the tough times the
business world is passing through. Further actions were implemented to reduce
the cost. The company has taken extreme step of reduce the salary cost by
reducing salary of all white collar employees by 20%. However after the
development of market, salaries were suitably adjusted from quarter to quarter.
As per the
decision taken in 2008-09, the building construction for new facility was
completed and also copper plating lines were qualified and released for
production.
Based on the
development of European market, it was decided in December 2009 to restart
expansion project which was stopped in February 2009. The progress of the
revised project has been very satisfactory and the ramp up is likely to be in
the middle of July, 2010. As the demand is suddenly increased from August 2009,
the company also taken quick action and improved the capacity in bottleneck
areas to meet customer demands.
Form 8
|
Corporate
identity number of the company |
U85110KA1988PTC025863 |
|
Name of the
company |
AT
AND S INDIA PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
12/A, Industrial Area, Nanjangud, Karnataka-571301, India |
|
This form is for |
Modification of charge |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
Punjab National Bank, Devaraj URS Road, Mysore-570001, Karnataka,
India |
|
Nature of instrument
creating charge |
Agreement
Hypothecation of Movables Assets Forming Part of Specific Fixed /Block Assets |
|
Date of
instrument Creating the charge |
20.02.2009 |
|
Amount secured by
the charge |
Rs. 210.000 millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest As
may be prescribed by the bank from time to time Terms of
repayment Working
capital limits Repayable on demand Margin CC (
H ) - 25% ( Spares - 50%) PC/PCFC
- 25% Export
Bills / DD/BD/(LC) / DD /ILC/FLC / BG - NIL Extent and
operation of the charge The
charge shall operate to the extent of Rs.210.000 millions plus interest,
commission, costs, expenses and other charges thereon. Other The said
amount of Rs.210.000 millions comprises Fund Based Rs.160.000 millions; Non
Fund Based ILC/FLC of Rs.50.000 millions |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
by way of first charge on all current assets including stock of raw materials
such as glass epoxy, copper clad laminates, glass epoxy prepregs , copper
foils, Cooling oil, photo resist, book debts and current assets present and
future and second charge on specific movable fixed assets as detailed in
schedule attached to the hypothecation agreement and those to be acquired in
future stored/installed at NO.12/A , Industrial Area, Nanjanagudu - 571301 or
at any other place |
|
Charge
identification number of the charge to be modified |
10028489 |
|
Particulars of
the present modification |
By the above,
the amount secured by charge stands enhanced from Rs.160.000 millions to
Rs.210.000 millions and the same is additionally secured by second charge on
specific movable fixed assets of the company and continuing security of first
charge on current assets of the company. |
Fixed Assets
ü Freehold Land
ü Buildings
ü Plant and
Machinery
ü Computers and
office Equipment
ü Computer Software
ü Furniture and
Fixtures
ü Motor Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.20 |
|
|
1 |
Rs.72.25 |
|
Euro |
1 |
Rs.63.09 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
32 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.