%20LIMITED%20-%20145700%2020-Jun-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
20.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
SHARP BUSINESS SYSTEMS (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
214-221, Ansal Tower, 38 Nehru Place, New Delhi-110019, Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
29.02.2000 |
|
|
|
|
Com. Reg. No.: |
55-104046 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 90.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL2000PLC104046 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS14055G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Research, Development and Distribution of Consumer
Electronic Products. |
|
|
|
|
No. of Employees
: |
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. General
financial position is good. Trade relations are reported as fair. Business is
active. Payments are reported to be correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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 / Head Office : |
214-221, |
|
Tel. No.: |
91-11-26431313 / 26438866 / 0585 |
|
Fax No.: |
91-11-26438747 / 26482122 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Zonal Offices : |
Bangalore Al Noor, Ground floor, 17
Palace Road, 36 High Grounds, Bangalore, India Tel. No. :
91-80-22353535-38 Fax : 91-80-22353535 Email : sathyan@blr.sharp-oa.com Kolkata 503A, Jasmine Tower, 31
Shakespeare Sarani, Kolkata, West Bengal, India Tel. No. :
91-33-40084907/40084905 Fax : 91-33-40084906 Email : ssaha@kol.sharp-oa.com New Delhi 222-223, Ansal Tower, 38
Nehru Place, New Delhi, Delhi, India Tel. No. : 91-
11-46665555 /46665462 Fax : 91-11-26438748 Email : abiswas@sharp-oa.com Chennai Old No. 29, New No. 2,
Lady Madhavan Street, Mahalingapuram, Chennai, Tamil Nadu, India Tel. No. : 91-
44-28171562/ 28172538 / 28174631 Fax : 91-44-28171562 Email : mrnagarajan@che.sharp-oa.com Mumbai 311 Solitaire Park, 167
Guru Hargovindji Marg, Andheri-Ghatkopar Link Road, Chakala Andheri (E),
Mumbai, Maharashtra, India Tel. No. : 91- 22-28321186 /66793931/32 Fax : 91-22-66793930 Email : ssgore@mum.sharp-oa.com |
|
|
|
|
Branches : |
Located at : Ř
Ř
Ř
Ř
Guwahati Ř
Ř
Jaipur Ř
Ř
Pune Ř
Raipur Ř
Ahmadabad Ř
Bhopal Ř
Kochi |
|
|
|
|
|
A-57/4, Ground Floor, Okhla Industrial Area, Phase II, New Delhi,
Delhi, India |
|
Tel. No.: |
91-11-26385670 / 71 |
|
Fax No.: |
91-11-51608714 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Yoshihisa Mizuno |
|
Designation : |
Whole Time Director |
|
Address : |
C-51, Neeti Bagh, New Delhi-110021, Delhi, India |
|
Date of Birth/Age : |
13.04.1962 |
|
Date of Appointment : |
16.02.2006 |
|
DIN No : |
00142036 |
|
|
|
|
Name : |
Mr. Sunil Kumar Sinha |
|
Designation : |
Managing Director |
|
Address : |
A-3, Chirag Enclave, 1st Floor, New Delhi-110048, Delhi,
India |
|
Date of Birth/Age : |
02.07.1956 |
|
Date of Appointment : |
10.07.2007 |
|
DIN No : |
01646828 |
|
|
|
|
Name : |
Mr. Kazunori Ajikawa |
|
Designation : |
Director |
|
Address : |
Kumar Residency Phase-II, Building No.1, Plot No.504, Koregaon Park, Pune-411001,
Maharashtra, India |
|
Date of Birth/Age : |
30.11.1960 |
|
Date of Appointment : |
24.12.2007 |
|
DIN No : |
01637592 |
|
|
|
|
Name : |
Mr. Tadasu Sakamoto |
|
Designation : |
Director |
|
Address : |
Kumar Residency Phase-II, Building No.1, Plot No.504, Koregaon Park,
Pune-411001, Maharashtra, India |
|
Date of Birth/Age : |
25.02.1959 |
|
Date of Appointment : |
01.06.2009 |
|
DIN No : |
02661615 |
|
|
|
|
Name : |
Mr. Kenji Ohata |
|
Designation : |
Director |
|
Address : |
3-7-22, Kimigaoka, Hashimoto-Shi, Wakayama Perfecture-6480092, Japan |
|
Date of Birth/Age : |
04.07.1954 |
|
Date of Appointment : |
01.06.2009 |
|
DIN No : |
02698312 |
|
|
|
|
Name : |
Mr. Koji Domoto |
|
Designation : |
Director |
|
Address : |
Prince Hotel and Residence, Kurla, Lumpur, Jalan Conlay, Kuala
Lumpur-50450, Malaysia |
|
Date of Birth/Age : |
28.04.1961 |
|
Date of Appointment : |
09.07.2010 |
|
DIN No : |
03054569 |
KEY EXECUTIVES
|
Name : |
Mr. Alok Seth |
|
Designation : |
Secretary |
|
Address : |
402, H-5, Panchsheel Vihar, Malviya Nagar, New Delhi-110017, Delhi,
India |
|
Date of Birth/Age : |
02.10.1976 |
|
Election ID No: |
MP/30239/534292 |
|
Date of Appointment : |
21.09.2009 |
|
PAN No : |
APOPS1318A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Sunil Kumar Sinha |
1 |
|
Sharp Corporation, Japan |
6659995 |
|
Sharp Corporation, Japan |
2339999 |
|
Yoshihisa Mizuno |
1 |
|
Kazunori Ajikawa |
1 |
|
Kenji Ohata |
1 |
|
Tadasu Sakamoto |
1 |
|
Koji Domoto |
1 |
|
Total
|
9000000 |
AS ON 30.09.2010
|
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 : |
Manufacturing, Research, Development and Distribution of Consumer
Electronic Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
Bankers : |
·
The
Bank of Tokyo-Mitsubishi, Jeevan Vihar 3, Parliament Street, New
Delhi-110001, Delhi, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountant |
|
Address : |
8th Floor, Building No.10, Tower-B, DLF Cyber City,
Phase-II, Gurgaon-122002, Haryana, India |
|
Tel No: |
91-124-2549191 |
|
Fax No: |
91-124-2549101 |
|
|
|
|
Holding Company : |
·
Sharp Corporation, Japan |
|
|
|
|
Fellow Subsidiaries : |
·
Sharp Electronics Corporation, USA ·
Sharp Manufacturing France S.A ·
Sharp Corporation of Australia Pty. Limited ·
Sharp Electronics Benelux B.V. ·
Sharp Middle East Free Zone Establishment ·
Sharp - Roxy Sales (Singapore) Pte., Limited ·
Sharp Electronics (Malaysia) Sdn. Bhd. ·
Sharp India Limited ·
Sharp Roxy Sales and Service (Malaysia) Sdn. Bhd. ·
Sharp Software Development India Private Limited ·
Sharp Thai Company Limited ·
Sharp Manufacturing (Thailand) Company Limited ·
Nanjing Sharp Electronic Company Limited ·
Sharp Electronics Incorporated of Korea |
|
|
·
|
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 |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs. 90.000
Millions |
|
|
|
|
|
Note: of the above, 900000 (previous year 9000000)
equity shares of Rs.10 each, fully paid up, held by Sharp Corporation, Japan,
the holding company (also being the ultimate holding company) and its nominees
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 |
90.000 |
90.000 |
90.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
166.647 |
105.541 |
81.285 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
256.647 |
195.541 |
171.285 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
256.647 |
195.541 |
171.285 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.935 |
12.438 |
16.312 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
40.350 |
46.323 |
29.210 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
172.601
|
165.395 |
166.517 |
|
|
Sundry Debtors |
268.724
|
228.601 |
215.925 |
|
|
Cash & Bank Balances |
96.766
|
68.163 |
137.070 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
93.276
|
41.658 |
33.252 |
|
Total
Current Assets |
631.367
|
503.817 |
552.764 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
338.331
|
302.184 |
370.110 |
|
|
Other Current Liabilities |
50.788
|
36.431 |
35.116 |
|
|
Provisions |
34.886
|
28.422 |
21.775 |
|
Total
Current Liabilities |
424.005
|
367.037 |
427.001 |
|
|
Net Current Assets |
207.362
|
136.780 |
125.763 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
256.647 |
195.541 |
171.285 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1422.231 |
1804.472 |
1130.101 |
|
|
|
Service Income |
136.997 |
139.087 |
131.139 |
|
|
|
Other Income |
32.969 |
51.730 |
10.670 |
|
|
|
TOTAL (A) |
1592.197 |
1995.289 |
1271.910 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
1023.097 |
1460.514 |
796.761 |
|
|
|
Service Contract Charges |
45.749 |
49.204 |
42.088 |
|
|
|
Spare Parts Consumed |
16.626 |
13.373 |
15.070 |
|
|
|
Personnel Cost |
107.174 |
94.970 |
91.996 |
|
|
|
Administrative Expenses |
297.848 |
328.675 |
247.519 |
|
|
|
TOTAL (B) |
1490.494 |
1946.736 |
1193.434 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
101.703 |
48.553 |
78.476 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.052 |
3.454 |
2.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
99.651 |
45.099 |
75.874 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.012 |
8.166 |
6.511 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
92.639 |
36.933 |
69.363 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
(31.533) |
(12.677) |
(27.150) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
61.106 |
24.256 |
42.213 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
996.485 |
1325.527 |
NA |
|
|
|
Stores & Spares |
16.961 |
11.451 |
NA |
|
|
TOTAL IMPORTS |
1013.446 |
1336.978 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.79 |
2.70 |
4.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.84
|
1.21 |
3.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.51
|
2.05 |
6.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.61
|
6.56 |
11.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.19 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.65
|
1.88 |
2.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49
|
1.37 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS
Total turnover of
the company has decreased as compared to the previous financial year. This is mainly
because of bulk order for Solar during 2008-09. Solar business is highly
dependent on other factors. Excluding Solar business, there is an increase in
turnover by 8% compared to last year. Further, the PBT of company increased by
151 % as compared to the previous financial year.
The net profit of
the company is Rs.61.11 million against Rs. 24.26 million in last year i.e. an
increase of 152%. The Company has now carry forward reserves of Rs.166.65
million at the last day of the reporting period, against the reserves of Rs.
105.54 million last year.
FINANCE
Inventory
increased to Rs.172.60 million from Rs. 165.40 million. Cash and bank balances
increased to 96.77 million from Rs. 68.16 million.
FORM 8
|
Corporate
identity number of the company |
U74899DL2000PLC104046 |
|
Name of the
company |
SHARP BUSINESS
SYSTEMS (INDIA) LIMITED |
|
Address of the
registered office or of the principal place of business in |
214-221, Ansal
Tower, 38, Nehru Place, New Delhi-110019, Delhi, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Others |
|
Particular of
charge holder |
The Bank of
Tokyo-Mitsubishi, Jeevan Vihar 3, Parliament Street, New Delhi-110001, Delhi,
India |
|
Amount secured by
the charge |
Rs. 390.000 millions |
|
Description of
the property charged indicating whether it is a charged on |
·
Stock
in Trade ·
Book
Debts |
|
Short particulars
of the property charged (Including location of the property) |
Stock in trade
and book debts |
|
Charge identification
number of the charge to be modified |
80004274 |
|
Brief description
of the instrument modifying the charge under section 135 |
Letter from the
bank stating that UFJ Bank Limited has merged with The Bank of Tokyo Mitsibushi
UFJ Bank Limited w.e.f.01.01.2006 to from the bank under the name “The Bank
of Tokyo-Mitsibushi UFJ Limited.” |
|
Date of
instrument modifying the charge |
01.01.2006 |
|
Particulars of
the present modification |
UFJ Bank Limited
has merged with The Bank of Tokyo Mitsibushi UFJ Bank Limited
w.e.f.01.01.2006 to be renamed as The Bank of Tokyo-Mitsibushi UFJ Limited
charge to be transferred in newly formed bank |
FIXED ASSETS
·
Leasehold Improvements
·
Computer Equipment
·
Office Equipments
·
Furniture and Fixtures
·
Motor Vehicles
·
Demo Equipments
·
Software
WED SITE DETAILS
PROFILE
Subject was founded in 1912 by Mr Tokuji
Hayakawa. Ever since, subject philosophy is to Make never before-seen products and Make products that others want to imitate. Its mission as a
manufacturer has been to develop products that never existed, thereby
contributing to culture and society.
At subject, they are constantly exploring new frontiers of Technology,
to evolve products that are "not just No. 1 but the only one" of its
kind. Beginning with the invention of the Ever-Sharp Pencil, we have many of
world firsts such as mass production of Televisions, Electronic Calculator,
Superheated Water Oven, LCD TV etc. They continually strive to open up new
fields, working always to fulfill our mission of serving society.
Building on the foundation of their business creed, Sincerity and
Creativity they will pursue the infinite possibilities for development in
electronics. By creating products which bring a sense of satisfaction to
people, they intend to meet and exceed the expectations.
Driving cleaner and greener technologies is part of the social responsibility
taken by Sharp. While LCDs, subject core technology, saves energy, subject is
in active creation of clean energy through it’s Solar Business for which is the
undisputed leader worldwide.
Sharp In India
subject considers India to be an extremely
important market for its products. It is a measure of this strong belief in the
Indian market, that it has three subsidiaries in India
- Sharp India
Limited which set up operations in 1989 is engaged sales of LCD TVs , Home
Appliances and other Consumer Durables
- Sharp
Software Development India Private Limited, established in 1999 engaged in
developing software for Sharp Digital Multifunction Products
- Sharp
Business Systems (India) Limited which commenced operations on May 1, 2000
is in the fields of Solar Photovoltaic Products and Systems and Office
Automation products like Digital Multifunction Products, Facsimile
Machines, Multi-media Projectors ,Professional LCD Display Solutions,
Video Wall Display Solutions, Electronic Cash Registers and POS Terminals
etc
Sharp Business Systems (India) Limited
Subject within a short span of ten years in India, is already
amongst the top brands for Digital Multifunction Products (Network
Printer/Copier/Scanner/ Fax ) Multi-media Projectors and LCD Display Solutions
among other products
The company has a nation-wide sales and service network covering even the
remotest locations of India.
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.44.93 |
|
|
1 |
Rs.72.42 |
|
Euro |
1 |
Rs.63.62 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
51 |
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.