Business
information report
1. Summary Information
|
|
|
Country |
India |
|
Company Name |
LS CABLE INDIA
PRIVATE LIMITED |
Principal Name 1 |
Mr. Seong Kuen Kim |
|
Status |
Moderate |
Principal Name 2 |
Mr. Yeon Soo Kim |
|
|
|
Registration # |
55-168806 |
|
Street Address |
12th Floor, IFCI Tower, Nehru Place, New Delhi-110019,
Delhi, India |
||
|
Established Date |
28.09.2007 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
RF Cable |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
397,165,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holding – 100% |
Banking |
Shinhan Bank |
|
Public Limited Corp. |
No |
Business Period |
4 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (26) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
Korea |
LS Cable Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
265,188,000 |
Current Liabilities |
53,285,000 |
|
Inventories |
164,237,000 |
Long-term Liabilities |
1,340,141,000 |
|
Fixed Assets |
1,048,604,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
1,393,426,000 |
|
Invest& other Assets |
4,357,000 |
Retained Earnings |
0 |
|
|
|
Net Worth |
88,960,000 |
|
Total Assets |
1,482,386,000 |
Total Liab. & Equity |
1,482,386,000 |
|
Total Assets (Previous Year) |
1,718,942,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
437,564,000 |
Net Loss |
(160,166,000) |
|
Sales(Previous yr) |
105,946,000 |
Net Loss(Prev.yr) |
(155,236,000) |
MIRA
INFORM REPORT
|
Report Date : |
19.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
LS CABLE INDIA PRIVATE LIMITED (w.e.f.26.08.2008) |
|
|
|
|
Formerly Known
As : |
LEADING SOLUTION CABLE INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12th Floor, IFCI Tower, Nehru Place, New Delhi-110019,
Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.09.2007 |
|
|
|
|
Com. Reg. No.: |
55-168806 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 397.165 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64200DL2007PTC168806 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL03680F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCL3621Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Power and Telecommunication Cable Products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 350000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
huge accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some
cautions. |
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 : |
12th Floor, IFCI Tower, Nehru Place, New Delhi-110019,
Delhi, India |
|
Tel No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Bawal Plant : |
Plot No.-28-31, Sector 5, Phase - 2, GC Bawal, Rewari -123501, |
|
Tel. No.: |
91-1284-264267/277/297 |
|
Fax No.: |
91-1284-264364 |
|
|
|
|
Sales Office : |
101, 1st Floor, Park Centre, Sector-30, Gurgaon – 122002 |
|
|
|
|
Branch Office – Mumbai: |
209, Level-2. Dynasty "A" Wing, Andheri – |
|
Tel No.: |
91-22-40309525 |
DIRECTORS
AS ON 29.09.2010
|
Name : |
Mr. Seong Kuen Kim |
|
Designation : |
Managing Director |
|
Address : |
A-402-03, Central Park, Gurgaon, |
|
Date of Birth/Age : |
01.07.1958 |
|
Date of Appointment : |
28.09.2007 |
|
DIN No : |
01680897 |
|
|
|
|
Name : |
Mr. Yeon Soo Kim |
|
Designation : |
Director |
|
Address : |
Dong Jak Sant Evill, 103-701 # 719, Tongjak – Ku, |
|
Date of Birth/Age : |
|
|
Date of Appointment : |
28.09.2007 |
|
DIN No : |
01684358 |
|
|
|
|
Name : |
Mr. Euy Don Park |
|
Designation : |
Director |
|
Address : |
1146, Silguh, Apartment, 733-1004, Sanbon, Dong, Koonpo-SI,
Kyungki-DO, Korea |
|
Date of Birth/Age : |
09.01.1961 |
|
Date of Appointment : |
10.11.2009 |
|
|
|
|
Name : |
Mr. Roe Hyun Myung |
|
Designation : |
Director |
|
Address : |
939-1, Kansuk Lemian XI Apartment, 122-2001, Kansuk-Dong, Namdong-GU,
IN Chon SI, Korea-405230 |
|
Date of Birth/Age : |
30.07.1961 |
|
Date of Appointment : |
10.11.2009 |
|
|
|
|
Name : |
Mr. Sung Su Hong |
|
Designation : |
Director |
|
Address : |
A-402-03, Central Park, Gurgaon, |
|
Date of Birth/Age : |
18.09.1967 |
|
Date of Appointment : |
11.09.2008 |
|
DIN No : |
02325870 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2010
|
Names of Shareholders |
No. of Shares |
|
LS Cable Limited, Korea |
39716499 |
|
JS Cable Company Limited, Korea |
1 |
|
|
|
|
Total |
39716500 |
AS ON 29.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power and Telecommunication Cable Products. |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
RF Cable |
Metre |
-- |
12576452 |
3887737 |
|
|
|
|
|
|
Notes:
i. The Company‘s products are exempt
from licensing requirements.
ii. Installed capacities are certified
by the management of the Company.
GENERAL INFORMATION
|
Bankers : |
·
Shinhan
Bank, Mercantile House, Upper Ground Floor, 15, Kasturba Gandhi Marg, New
Delhi – 110001, Delhi, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Notes: * Repayable
within one year Rs. 1,014,611,724 (Previous year Rs. Nil) ** Interest
pertains to the month of March, 2010 and paid subsequently in April, 2010 |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City Complex,
DLF City Phase-II, Gurgaon – 122002, Haryana, India |
|
|
|
|
Holding Company : |
LS Cable Limited |
|
|
|
|
Fellow Subsidiaries : |
·
LS Industrial System Company Limited
(LS Industrial) ·
LS Vina Cable (LS Vina) ·
JS Cable Company Limited. (JS Cable) |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs. 400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
39716500 |
Equity Shares |
Rs.10/- each |
Rs. 397.165
Millions |
|
|
|
|
|
Notes:
Of the above 39,716,499
(Previous year 35,683,249) equity shares of Rs. 10 each are held by LS Cable
Limited, Korea, the Holding Company and 1 (Previous year 1) equity share of Rs.
10 is held by JS Cable 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 |
397.165 |
356.832 |
356.833 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
1.798 |
|
|
4] (Accumulated Losses) |
(308.205) |
(148.039) |
0.000 |
|
|
NETWORTH |
88.960 |
208.793 |
358.631 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
80.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1260.141 |
1036.247 |
399.700 |
|
|
TOTAL BORROWING |
1340.141 |
1036.247 |
399.700 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1429.101 |
1245.040 |
758.331 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1048.604 |
1113.814 |
303.916 |
|
|
Capital work-in-progress |
2.799 |
10.641 |
133.061 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
164.237
|
108.950 |
0.000 |
|
|
Sundry Debtors |
102.446
|
56.352 |
0.000 |
|
|
Cash & Bank Balances |
84.477
|
105.944 |
372.587 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
78.265
|
73.109 |
3.818 |
|
Total
Current Assets |
429.425
|
344.355 |
376.405 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
41.529
|
227.463 |
59.516 |
|
|
Current Liabilities |
9.957
|
8.942 |
5.835 |
|
|
Provisions |
1.799
|
0.546 |
1.086 |
|
Total
Current Liabilities |
53.285
|
236.951 |
66.437 |
|
|
Net Current Assets |
376.140
|
107.404 |
309.968 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.558 |
13.181 |
0.000 |
|
|
Incidental Expenditure During Construction |
0.000 |
0.000 |
11.386 |
|
|
|
|
|
|
|
|
TOTAL |
1429.101 |
1245.040 |
758.331 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
437.564 |
105.946 |
0.000 |
|
|
|
Other Income |
76.913 |
27.641 |
10.686 |
|
|
|
TOTAL (A) |
514.477 |
133.587 |
10.686 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Material |
415.114 |
165.942 |
-- |
|
|
|
Manufacturing, operating and selling expenses |
132.366 |
57.942 |
2.863 |
|
|
|
TOTAL (B) |
547.480 |
223.884 |
2.863 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ LOSS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(33.003) |
(90.297) |
7.823 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
73.988 |
36.114 |
3.578 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(106.991) |
(126.411) |
4.245 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
53.175 |
28.193 |
0.582 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS BEFORE
TAX (E-F) (G) |
(160.166) |
(154.604) |
3.663 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
0.632 |
1.866 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX (G-I) (J) |
(160.166) |
(155.236) |
1.797 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(148.039) |
1.797 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
EXCHANGE
LOSS ON FOREIGN CURRENCY LOAN |
0.000 |
5.400 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(308.205) |
(148.039) |
1.797 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Interest Income |
0.675 |
5.366 |
1.521 |
|
|
|
Export Sale |
5.215 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
5.890 |
5.366 |
1.521 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
384.446 |
150.109 |
NA |
|
|
|
Trading Items |
25.186 |
95.713 |
NA |
|
|
|
Import of Capital Goods |
0.000 |
337.813 |
NA |
|
|
TOTAL IMPORTS |
409.632 |
583.635 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.40) |
(4.35) |
0.84 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(31.13)
|
(116.21) |
16.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(36.60)
|
(145.93) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(10.84)
|
(10.60) |
0.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.80)
|
(0.74) |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
15.66
|
6.10 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.06
|
1.45 |
5.67 |
LOCAL AGENCY FURTHER INFORMATION
Note : Registered Office
of the company has been shifted from 3, 3rd Floor, Vasant Arcade,
Sector – B, Pocket – 7, Vasant Kunj, New Delhi – 110070, India to the present
address w.e.f. 27.12.2010
BACKGROUND
Subject was incorporated on 28 September, 2007 under the Companies Act,
1956, as a wholly owned subsidiary of LS Cable Limited, Korea (‘the Holding
Company’). A fresh certificate of incorporation consequent to the change in
name to LS Cable India Private Limited (‘the Company’) was issued by the
Registrar of Companies, N.C.T of Delhi and Haryana on 26 August, 2008 under
section 23(1) of the Companies Act, 1956. The Company has been set up to
construct a manufacturing facility for radio frequency cables in the state of
Haryana. The Company commenced commercial production from 14 November, 2008.
BUSINESS PERFORMANCE
This is the second year of starting business process of the
Company. In second year net Sales Turnover was Rs. 437.600 millions as compared
to Rs. 106.000 millions during the last year. During the current year Company
has another income of Rs. 76.900 millions on account of interest on fixed
deposits and exchange fluctuation gain as compared to Rs. 21.000 millions
during the last year.
FUTURE OUTLOOK
The Company has undertaken development and
other necessary activities so as to gain and maintain the confidence of its
precious Customer. With the genuine hard work and constant effort the Company
would definitely gain its position in the market of cable in a very short span
of time.
FORM 8
|
Corporate
identity number of the company |
U64200DL2007PTC168806 |
|
Name of the
company |
LS Cable India
Private Limited |
|
Address of the
registered office or of the principal place of business in |
12th Floor, IFCI Tower, Nehru Place, New Delhi-110019,
Delhi, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
Shinhan Bank,
Mercantile House, Upper Ground Floor, 15, Kasturba Gandhi Marg, New
Delhi-110001, Delhi, India |
|
Nature of
instrument creating charge |
Declaration - Cum
- Confirmation Deed [Extention
Of Charge] |
|
Date of
instrument Creating the charge |
27.04.2011 |
|
Amount secured by
the charge |
Rs. 445.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Extent and operation of the charge Extent and
Operation - 100% |
|
Short particulars
of the property charged (Including location of the property) |
Equitable
mortgage by way of first charge over company's immovable property i.e.
Industrial Plot Bearing No.28 to 31, Sector-5, Phase-Ii At Growth Centre,
Bawal, District Rewari, Haryana Admeasuring
1,62,000 sq. Mt land area, as doc. No.1562 in Bahi No.1, Jild No.47 on Page
No.12 on 03.01.2011 and an additional copy has been pasted in Bahi No.1, Jild
No.754 on pages 67 to 76 and the same is registered in the office of
sub-registrar Bawal, District Rewari, Haryana together with all buildings and
structures thereon or to be thereon. |
|
Charge
identification number of the charge to be modified |
10281691 |
|
Particulars of
the present modification |
Bank's first charge
by extension of equitable mortgage over company's immovable property i.e.
Industrial Plot Bearing No. 28 to 31, Sector-5, Phase-II at Growth Centre,
Bawal, District Rewari (Haryana) admeasuring 1,62,000 sq. Mt. Land area,
together with all buildings and structures thereon or to be thereon, already
regd. For Rs. 135.000 millions shall stand enhanced to Rs. 445.000 millions |
FIXED ASSETS:
- Plant and
Machinery
- Computers
- Office
Equipment
- Furniture and
Fixtures
- Vehicles
WEBSITE DETAILS:
PROFILE:
Subject is No. 1 cable manufacturer in Korea previously known as LG
Cable Limited It has led the cable industry in Korea and has pioneered in the
field of High Quality cable research and had successfully developed high
voltage cable. The Company’s core business is focused in the industrial
electric, electronics and materials sector. LS Cable operates business under
the four divisions: Electrical Power Systems, Telecommunication, Electronic
Components and Materials and Industrial Machinery.
Subject Is a wholly owned subsidiary of LS Cable Limited, of South Korea.
Subject was established in Sept. 2007, however the history of their parent
company dates back to the year 1962. The company has capital share of 10
million USD.
The core activities of the manufacturing units of the company shall be that of
manufacturing high quality cable with international standards. All cables will
be used for infrastructure and manufacturing materials for automobiles,
electronic items.
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. 45.61 |
|
|
1 |
Rs. 75.32 |
|
Euro |
1 |
Rs. 65.68 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
26 |
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.