1. Summary Information
|
|
|
Country |
India |
|
Company Name |
OPTIEMUS
INFRACOM LIMITED |
Principal Name 1 |
Ms. Parul Rai |
|
Status |
Moderate |
Principal Name 2 |
Mr. Ashok Gupta |
|
|
|
Registration # |
054086 |
|
Street Address |
K-20, 2nd
Floor, Lajpat Nagar-II, New Delhi – 110024 |
||
|
Established Date |
17.06.1993 |
SIC Code |
-- |
|
Telephone# |
91-11-29840905/07 |
Business Style 1 |
Distributor of Samsung Mobile. |
|
Fax # |
-- |
Business Style 2 |
--- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
650 (approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
858,142,000 |
Product Name 3 |
-- |
|
Shareholders |
Bodies Corporate (45.14%) |
Banking |
Indusind Bank State Bank of India |
|
Public Limited Corp. |
Yes |
Business Period |
18 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
B
(32) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,161,822,000 |
Current Liabilities |
1,642,443,000 |
|
Inventories |
418,176,000 |
Long-term Liabilities |
982,218,000 |
|
Fixed Assets |
193,473,000 |
Other Liabilities |
17,836,000 |
|
Deferred Assets |
--- |
Total Liabilities |
2,642,497,000 |
|
Invest& other Assets |
12,222,000 |
Retained Earnings |
264,554,000 |
|
|
|
Net Worth |
1,143,196,000 |
|
Total Assets |
3,785,693,000 |
Total Liab. & Equity |
3,785,693,000 |
|
Total Assets (Previous Year) |
3,009,367,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
12,077,311,000 |
Net Profit |
155,866,000 |
|
Sales(Previous yr) |
8,508,393,000 |
Net Profit(Prev.yr) |
81,400,000 |
MIRA
INFORM REPORT
|
Report Date : |
12.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
OPTIEMUS INFRACOM LIMITED |
|
|
|
|
Formerly Known
As : |
AKANKSHA CELLULAR LIMITED |
|
|
|
|
Registered
Office : |
K-20, 2nd Floor, Lajpat Nagar-II, New Delhi – 110024 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.06.1993 |
|
|
|
|
Com. Reg. No.: |
054086 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 858.142 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L64200DL1993PLC054086 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELA23355D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA2031L |
|
|
|
|
Legal Form : |
A closely held public limited liability company. The company’s shares
are listed in stock exchange. |
|
|
|
|
Line of Business
: |
Distributor of Samsung
Mobile. |
|
|
|
|
No. of Employees
: |
650 (approximately) |
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 4572784 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for small to mediocre 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
K-20, 2nd Floor, Lajpat Nagar-II, New Delhi – 110024, India
|
|
Tel. No.: |
91-11-29840905/07 |
|
Mobile No.: |
91-9650796633 (Mr. Vikas Chandra) / 91-9910999219 (Mr. Ashok Singh) |
|
E-Mail : |
info@optiemus.com |
|
|
|
|
Branch Office : |
317, Competent House, F 14
Connaught Circus, New Delhi – 110001, India |
|
Tel. No.: |
91-11-41529023 |
|
Fax No.: |
91-11-41529030 |
DIRECTORS
|
Name :` |
Mr. Ashok Gupta |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Ms. Parul Rai |
|
Designation : |
Executive Director |
|
|
|
|
Name : |
Mr. Laliet Gupta |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Ms. Renu Gupta |
|
Designation : |
Non-Executive Director |
|
|
|
|
Name : |
Mr. Manoj Jain |
|
Designation : |
Non-Executive Director |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Chandra |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Ashok Singh |
|
Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding
of promoters and Promoter Group |
|
|
|
1. Indian |
|
|
|
Individuals / Hindu Undivided Family |
25,562,041 |
29.79 |
|
Bodies Corporate |
38,738,500 |
45.14 |
|
Sub Total (A) |
64,300,541 |
74.93 |
|
|
|
|
|
(B) Public
Shareholding |
|
|
|
1. Institutions |
-- |
-- |
|
|
|
|
|
2. Non
Institutions |
|
|
|
Bodies Corporate |
18,706,371 |
21.80 |
|
Individual shareholders holding nominal share capital up to Rs. 0.100
million |
1,483,716 |
1.73 |
|
Individual shareholders holding nominal share capital in excess of Rs.
0.100 million |
1,296,381 |
1.51 |
|
|
|
|
|
Any Other
(Specify) |
27,182, |
0.03 |
|
Hindu Undivided Families |
26,632 |
0.03 |
|
Non Resident Indians |
550 |
-- |
|
Sub Total (B) |
21,513,650 |
25.07 |
|
Total Public
Shareholding (B) |
21,513,650 |
25.07 |
|
|
|
|
|
Total
(A) + (B) |
85,814,191 |
100.00 |
|
|
|
|
|
Shares
held by custodians and against which depository receipts have been
issued (C) |
-- |
-- |
|
|
|
|
|
Total (A) + (B) +(C) |
85,814,191 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Samsung
Mobile. |
GENERAL INFORMATION
|
No. of Employees : |
650 (approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Indusind Bank ·
State Bank of India ·
Axis Bank ·
ICICI Bank |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RMA and Associates Chartered Accountant |
|
Address : |
48, 1st Floor, Hasan Pur, I.P. Extention, Delhi – 110092,
India |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85,980,000 |
Equity Shares |
Rs. 10/- each |
Rs.859.800 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85,814,191 |
Equity Shares |
Rs. 10/- each |
Rs.858.142 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
858.142 |
720.742 |
37.503 |
|
|
2] Share Application Money |
20.500 |
29.064 |
0.000 |
|
|
3] Reserves & Surplus |
264.554 |
108.689 |
1.195 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1143.196 |
858.495 |
38.698 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
934.418 |
772.878 |
0.000 |
|
|
2] Unsecured Loans |
47.800 |
45.431 |
0.240 |
|
|
TOTAL BORROWING |
982.218 |
818.309 |
0.240 |
|
|
DEFERRED TAX LIABILITIES |
17.836 |
22.998 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2143.250 |
1699.802 |
38.938 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
193.473 |
259.653 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
11.129 |
99.924 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
418.176
|
271.017 |
0.000 |
|
|
Sundry Debtors |
2100.251
|
1484.853 |
0.221 |
|
|
Cash & Bank Balances |
336.274
|
359.789 |
0.702 |
|
|
Other Current Assets |
107.546
|
199.352 |
0.042 |
|
|
Loans & Advances |
617.751
|
320.856 |
38.052 |
|
Total
Current Assets |
3579.998
|
2635.867 |
39.017 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1542.219
|
1225.334 |
0.014 |
|
|
Other Current Liabilities |
16.337
|
37.444 |
0.065 |
|
|
Provisions |
83.887
|
34.565 |
0.000 |
|
Total
Current Liabilities |
1642.443
|
1297.343 |
0.079 |
|
|
Net Current Assets |
1937.555
|
1338.524 |
38.938 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.093 |
1.701 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2143.250 |
1699.802 |
38.938 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
12077.311 |
8508.393 |
0.000 |
|
|
|
Other Income |
49.684 |
209.476 |
0.384 |
|
|
|
TOTAL (A) |
12126.995 |
8717.869 |
0.384 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
11355.240 |
8149.857 |
0.000 |
|
|
|
Personnel Expenses |
106.891 |
80.528 |
0.109 |
|
|
|
Operating & Other Expenses |
131.901 |
102.303 |
0.477 |
|
|
|
Selling & Distribution Expenses |
88.270 |
42.410 |
0.029 |
|
|
|
Miscellaneous Expenses Written Off |
0.608 |
0.604 |
0.000 |
|
|
|
TOTAL (B) |
11682.910 |
8375.702 |
0.615 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
444.085 |
342.167 |
(0.231) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
121.829 |
92.505 |
0.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
322.256 |
249.662 |
(0.236) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
88.059 |
124.109 |
0.077 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
234.197 |
125.553 |
(0.313) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
78.331 |
44.153 |
(0.036) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
155.866 |
81.400 |
(0.277) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
82.595 |
1.196 |
1.473 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
238.461 |
82.596 |
1.196 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
190.859 |
773.453 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
137.144 |
687.631 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.08 |
1.14 |
(0.07) |
|
QUARTERLY RESULTS
(UNAUDITED)
|
PARTICULARS |
|
|
30.06.2011 (Rs. In
Millions) |
|
|
|
|
1st
Quarter |
|
Net Sales |
|
|
3455.800 |
|
Total Expenditure |
|
|
3335.460 |
|
PBIDT (Excl OI) |
|
|
120.340 |
|
Other Income |
|
|
4.120 |
|
Operating Profit |
|
|
124.460 |
|
Interest |
|
|
39.790 |
|
Exceptional Items |
|
|
0.000 |
|
PBDT |
|
|
87.670 |
|
Depreciation |
|
|
14.450 |
|
Profit Before Tax |
|
|
73.220 |
|
Tax |
|
|
24.890 |
|
Provisions and Contingencies |
|
|
0.000 |
|
Profit After Tax |
|
|
48.330 |
|
Extraordinary Items |
|
|
0.000 |
|
Prior Period Expenses |
|
|
0.000 |
|
Other Adjustment |
|
|
0.000 |
|
Net Profit |
|
|
48.330 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.28
|
0.93 |
(72.13) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.93
|
1.47 |
-- |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.20
|
4.33 |
(0.80) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.14 |
-- |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.29
|
2.46 |
-- |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.17
|
2.03 |
493.38 |
LOCAL AGENCY FURTHER INFORMATION
Financial Results
The Telecom Industry is one of the fastest growing industries in India. With
a growth rate of 45%, Indian telecom industry has the highest growth rate in
the world.
According to
Global consultancy group Deloitte, Rural India is expected to fuel the growth
in mobile phone services in the next four years, as cell phones become a vital
tool.
Deloitte said that
low penetration levels of mobile phones would provide more business
opportunities for service providers.
The paper focuses
on how mobile phones can be used to deliver content and services that can help
foster inclusive growth in India by digitally empowering citizens across all
cross the sections of society, both urban and rural — This paper refers to
these services as Utility mobile value added service (MVAS).
“The next wave of
growth in subscriptions will come from semi—urban and rural areas. Today, the
penetration
of mobile phones in urban areas is already 100 per cent while in rural
areas it is only 23 per cent,” it said.
MANAGEMENT
DISCUSSION AND ANALYSIS
1. INDUSTRY STRUCTURE AND DEVELOPMENTS
i) Business Segment- Telecommunication Products
The
Telecom Industry is one of the fastest growing industries in India. India has
nearly 200 million telephone lines making it the third largest network in the
World. With a growth rate of 45%, Indian Telecom Industry has the highest
growth rate in the world. India, like many other countries of the world, have
adopted a gradual approach to telecom sector reform through selective
privatization and managed competition in different segments of the telecom
market. With the advent of 3G services in India, the telecom market is all set
to witness a new wave of mobile applications ushering the growth of data
services including internet browsing, entertainment services, m-commerce,
e-governance, etc. This is expected to provide the trigger for the next phase
of growth of the telecom
ii) Business Segment – Infrastructure
Construction is
the second largest economic activity in India after agriculture, and has been growing
rapidly. The production of industrial machinery has also been on rise – and the
increasing flow of goods has spurred increases in rail, road and port traffic,
necessitating further infrastructure improvements. As per the Eleventh Five
Year Plan, more than US$500 billion worth of investment is planned to flow into
India’s infrastructure by 2012. Construction projects account for a substantial
portion of the proposed investments, making the Construction sector one of the
biggest ben ficiaries of the infrastructure boom in India. The regulatory
environment is relaxing to encourage further foreign direct investment (FDI).
Private sector participation is integral to these plans.
2. OPPORTUNITIES
i) Telecommunication Products
As a
result of Government policy, progress has been achieved in the manufacturing of
telecom equipment in the country. There is a significant telecom
equipment-manufacturing base in the country and there has been steady growth of
the manufacturing sector during the past few years. Rising demand for a wide
range of telecom equipment, particularly in the area of mobile
telecommunication, has provided excellent opportunities to domestic and foreign
investors in the manufacturing sector. The last two years witnessed many
renowned telecom companies setting up their manufacturing base in India.
Ericsson set up GSM Radio Base Station Manufacturing facility in Jaipur.
Elcoteq set up handset manufacturing facilities in Bangalore. Nokia and Nokia
Siemens Networks have set up their manufacturing plant in Chennai. LG
Electronics set up plant of manufacturing GSM mobile phones near Pune. Ericsson
launched their R&D Centre in Chennai. Flextronics set up an SEZ in Chennai.
Other major companies like Foxconn, Aspcom, Solectron etc have decided to set
up their manufacturing
bases
in India. The Government has already set up Telecom Equipment and Services
Export Promotion Council and Telecom Testing and Security Certification Centre
(TETC). A large number of companies like Alcatel, Cisco have also shown interest
in setting up their R&D centers in India. With above initiatives India is
expected to be a manufacturing hub for the telecom equipment. India offers an
unprecedented opportunity for telecom service operators, infrastructure
vendors, manufacturers and associated services companies.
ii) Infrastructure
What
segments present the best opportunities for construction companies? The
Planning Commission of India has planned extensive expansion in the roads and
highways, ports, civil aviation and airports, and power infrastructure segments
– all of which provide substantial opportunities for construction companies.
India’s roads are already congested, and getting more so. Annual growth is
projected at over 12% for passenger traffic and over 15% for cargo traffic. The
Indian Government estimates around US$90 billion plus investment is required
over FY12 to improve the country’s road infrastructure. The Indian Government
has also recognized existing infrastructure gaps and capacity constraints in
the rail system, and as a consequence, it plans large scale investment over the
five years. The opportunities do not stop there. More than 10 states are also
actively planning the development of their highways
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.50.27 |
|
|
1 |
Rs.80.07 |
|
Euro |
1 |
Rs.68.44 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
YES |
|
--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.