MIRA
INFORM REPORT
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Report Date : |
03.10.2011 |
IDENTIFICATION DETAILS
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Name : |
TYCO ELECTRONICS CORPORATION INDIA PRIVATE LIMITED |
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Formerly Known As : |
TYCO ELECTRONIC CORPORATION LIMITED (w.e.f 24.02.2000) AMP INDIA LIMITED (w.e.f 30.06.1998) AMP INDIA PRIVATE LIMITED |
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Registered Office : |
“TE Park”, Site No.22B, Doddenakundi Industrial Area, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
07.12.1993 |
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Com. Reg. No.: |
08-15007 |
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Paid Up Capital : |
Rs.720.817 Millions |
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CIN. No.: |
U31909KA1993PTC015007 |
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TAN No.: (Tax Deduction & Collection Account No.) |
BLRT02262B |
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PAN No.: (Permanent Account No.) |
AABCT7374C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers, Importers and Exporters of Wire and Cable for
Networking, Communication, Household Appliances, Power Transmission and
Distribution Materials, Automotive Wiring Systems, Electrical and Electronic
Components, Accessories, Assemblies, etc. |
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No. of Employees : |
150 (approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 17000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually 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.
INFORMATION DECLINED BY
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Name : |
Mr. Uma Shankar |
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Designation : |
Accounts Manager |
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Date : |
30.09.2011 |
LOCATIONS
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Registered /Head Office : |
“TE Park”, Site No.22B, Doddenakundi Industrial Area, |
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Tel. No.: |
91-80-40115000/ 401/ 28540800/ 28412433/ 28540800/ 24163745 |
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Fax No.: |
91-80-40115001/ 401/ 28540820 |
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Email : |
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Area : |
3000 Sq. ft |
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Location : |
Leased |
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Factory : |
No. 4, Maruthi Industrial Estate, Hoody Rajapalya, |
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Tel. No.: |
91-80-26453014 / 28410200 |
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Fax No.: |
91-80-28453038 / 28410210 |
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Branch Office1 : |
1st Floor, No-5, Shalimar House Comm, Center Saket-110017, |
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Tel. No.: |
91-11-26864107 |
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Branch Office 2: |
Cochin Special Economic Zone Plot No. 44, Cochin-kakkanand-682037 |
DIRECTORS
As On 29.09.2010
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Name : |
Mr. Srinivasan Varadarajan |
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Designation : |
Director |
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Address : |
40, Kuppu, 14th cross, Vignana Nagar, New Thippasandra Bangalore –
560075, Karnataka, India |
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Date of Birth/Age : |
01.07.1958 |
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Date of Appointment : |
11.05.2006 |
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DIN No.: |
00337041 |
Other Directorship
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S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
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1 |
U72900KA2000PTC026408 |
Precision
Interconnect India Private Limited |
Director |
20-01-05 |
20-01-05 |
Amalgamated |
NO |
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2 |
U31909KA1993PTC015007 |
Tyco Electronics
Corporation India Private Limited |
Director |
11-05-06 |
11-05-06 |
Active |
NO |
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Name : |
Mr. Kokkalera Uthappa Subbaiah |
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Designation : |
Managing Director |
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Address : |
No. 406, Wings 16/1, |
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Date of Birth/Age : |
21.06.1959 |
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Date of Appointment : |
01.12.2002 |
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DIN No.: |
00355548 |
Other Directorship
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S.No. |
CIN |
Name of the
Company |
Current
designation of the director |
Date of
appointment at current designation |
Original date of
appointment |
Company Status |
Defaulting
status |
|
1 |
U32109KA1998PTC040729 |
Automotive
Wiring Systems Private Limited |
Director |
24-06-99 |
24-06-99 |
Amalgamated |
NO |
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2 |
U31909KA1993PTC015007 |
Tyco Electronics
Corporation India Private Limited |
Managing
director |
01-12-02 |
01-12-02 |
Active |
NO |
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3 |
U74999MH1984PTC033786 |
Raychem-RPG
Private Limited |
Director |
12-12-02 |
12-12-02 |
Active |
NO |
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4 |
U29299KL1995PLC009664 |
CII Guardian
International Limited |
Director |
23-01-03 |
23-01-03 |
Active |
NO |
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5 |
U72900KA2000PTC026408 |
Precision
Interconnect India Private Limited |
Director |
08-09-04 |
08-09-04 |
Amalgamated |
NO |
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Name : |
Mr. Juerg Frischknecht |
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Designation : |
Director |
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Address : |
W. Wolfensberger Stresses 14, 9424, |
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Date of Birth/Age : |
09.06.1959 |
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Date of Appointment : |
06.08.2003 |
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DIN No.: |
02406047 |
KEY EXECUTIVES
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Name : |
Mr. K Srinivasan |
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Designation : |
Secretary |
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Address : |
C2, |
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Date of Birth/Age : |
09.08.1955 |
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Date of Appointment : |
15.04.2005 |
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Pan No.: |
ACPPS1980C |
MAJOR SHAREHOLDERS
As On 29.09.2010
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Names
of Shareholders (Equity Shares) |
No. of Shares |
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Tyco Electronics Corporation, |
44742393 |
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Tyco Electronics
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1 |
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Total |
44742394 |
As On 29.09.2010
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Names
of Shareholders (Preference Shares) |
No. of Shares |
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Tyco Electronics Corporation, |
273393065 |
Equity Share Breakup (Percentage of Total Equity)
As on 29.09.2010
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Category |
Percentage |
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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 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Importers and Exporters of Wire and Cable for Networking,
Communication, Household Appliances, Power Transmission and Distribution
Materials, Automotive Wiring Systems, Electrical and Electronic Components,
Accessories, Assemblies, etc. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2010)
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Particulars |
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Unit |
Installed
Capacity |
Actual
Production |
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Connectors |
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Nos. |
379435800 |
75822926 |
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Cable Assembly |
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Nos. |
26069164 |
26006027 |
Note
·
The Company is exempt from the licensing provisions
of the Industries (Development and Regulation) Act, 1951
·
The Installed Capacity has been certified by the Company’s
management and relied upon by the Auditors, this being a technical matter.
GENERAL INFORMATION
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No. of Employees : |
150 (approximately) |
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Bankers : |
Societe Generale The Hongkong
and Bangalore Branch, Manipal centre, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Deloitte Centre, |
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Tel No.: |
91-80-55276000 |
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Fax No.: |
91-80-55276011 |
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Pan No.: |
AACFD3771D |
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Holding Company : |
·
Tyco Electronic Corporation, ·
Tyco Electronics Group, S.A.R L, ·
Tyco International Group, S.A, |
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Ultimate Holding
Company : |
·
Tyco Electronics Limited, |
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Fellow Subsidiaries : |
Within · TEI Technologies Private Limited · Tyco Electronics Systems India Private Limited Outside · AMP Deutschland Gmbh · AMP Manufacturing Korea Limited · AMP Manufacturing Taiwan Limited · AMP Shanghai Limited ·
AMP · AMP Trading B. V. · AMP – Simel · Fai Technology (HK) Limited ·
PT Tyco Electronics · Shenzhen Original Electric Company · Shunde Tyco Electronics Limited · Tyco Electronic Brasil LTA ·
Tyco Electronic · Tyco Electronic HK Limited ·
Tyco Electronic · Tyco Electronic Schweiz AG · Tyco Electronic AMP Espana SA · Tyco Electronic AMP Gmbh · Tyco Electronic AMP Italia SPA · Tyco Electronic AMP K K · Tyco Electronic Amp Shanghai Limited ·
Tyco Electronic · Tyco Electronic Canada Limited · Tyco Electronic Czech SRO AMP De France · Tyco Electronic da Amaznia · Tyco Electronic ec Gmbh and Company · Tyco Electronic France SAS · Tyco Electronic HK Limited ·
Tyco Electronic · Tyco Electronic Logistics AG · Tyco Electronic Mexico SA ·
Tyco Electronic Middle ·
Tyco Electronic · Tyco Electronic New Zealand Limited · Tyco Electronic Polska SPZ · Tyco Electronic Pty Limited · Tyco Electronic Raychem Gmbh ·
Tyco Electronic · Tyco Electronic Raychem, SA · Tyco Electronic SA Private Limited ·
Tyco Electronic · Tyco Electronic UK Limited · Tyco Electronic Dingguan Limited · Tyco Electro- Electronic Limited · Tyco Holding Bermuda Limited · Whitekar Corporation ·
Precision Interconnect · AMP Shunde Connector Limited · AMP Thailand Limited ·
· Tyco Electronic Augat AG ·
Tyco Electronic · Tyco Electronic Exports SARL · Tyco Electronic Columbia Limited · Tyco Electronic Export · Tyco Electromechanical Components · AMP Services · Tyco Electronics UK Limited (Cromton IN) · Tyco Electronics AMP Guang Don Limited ·
Tyco Electronics |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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45000000 |
Equity Shares |
Rs.10/- each |
Rs.450.000 Millions |
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280000000 |
Preference Shares |
Rs.1/- each |
Rs.280.000 Millions |
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Total |
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Rs.730.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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44742394 |
Equity Shares |
Rs.10/- each |
Rs.447.424 millions |
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273393065 |
Preference Shares |
Rs.1/- each |
Rs.273.393 millions |
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Total |
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Rs.720.817 millions |
NOTE:
The entire paid up share capital of the
company is held by Tyco Electronics Corporation,
FINANCIAL DATA
[all figures
are in Rupees Millions]
ABRIDGED BALANCE SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
720.817 |
720.817 |
720.817 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
3406.113 |
3194.784 |
3837.436 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4126.930 |
3915.601 |
4558.253 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
345.738 |
339.438 |
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TOTAL BORROWING |
0.000 |
345.738 |
339.438 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
4126.930 |
4261.339 |
4897.691 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
840.870 |
886.813 |
777.863 |
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Capital work-in-progress |
46.817 |
103.913 |
41.047 |
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INVESTMENT |
0.002 |
0.002 |
0.002 |
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DEFERREX TAX ASSETS |
160.043 |
151.656 |
165.280 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
1293.545
|
1207.611 |
1556.339 |
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Sundry Debtors |
1057.264
|
1005.705 |
1476.749 |
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Cash & Bank Balances |
911.290
|
483.375 |
1478.671 |
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Other Current Assets |
80.000
|
552.503 |
415.311 |
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Loans & Advances |
1099.078
|
899.989 |
552.503 |
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Total
Current Assets |
4441.177
|
4149.183 |
5479.573 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
1211.161
|
920.207 |
1258.486 |
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Other Current Liabilities |
43.656
|
51.712
|
97.990
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Provisions |
107.162
|
58.309
|
209.598
|
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Total
Current Liabilities |
1361.979
|
1030.228 |
1566.074 |
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Net Current Assets |
3079.198
|
3118.955 |
3913.499 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
4126.930 |
4261.339 |
4897.691 |
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PROFIT & LOSS ACCOUNT
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|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
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Other Income |
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TOTAL |
6329.290 |
8019.477 |
9478.966 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL |
5906.348 |
7274.067 |
6862.582 |
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PROFIT BEFORE
TAX |
422.942 |
745.410 |
2616.384 |
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Less |
TAX |
211.613 |
289.624 |
945.000 |
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PROFIT AFTER TAX
|
211.329 |
455.786 |
1968.116 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
2890.946 |
3391.336 |
3308.982 |
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Commission Earnings |
324.904 |
304.769 |
221.697 |
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TOTAL EARNINGS |
3215.850 |
3696.105 |
3530.679 |
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IMPORTS |
|
|
|
|
|
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Raw Materials |
1843.773 |
2219.507 |
2022.934 |
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Purchase for Resale |
782.432 |
1270.558 |
1571.711 |
|
|
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Capital Goods |
83.210 |
132.738 |
106.621 |
|
|
|
Others |
0.999 |
1.336 |
0.976 |
|
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TOTAL IMPORTS |
2710.414 |
3624.139 |
3702.242 |
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Earnings Per
Share (Rs.) |
4.72
|
10.19 |
43.99 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.34
|
5.68 |
20.76 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
8.01
|
14.80 |
41.81 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.19 |
0.57 |
|
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Debt Equity Ratio (Total Liability/Networth) |
|
0.33
|
0.35 |
0.42 |
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|
Current Ratio (Current Asset/Current Liability) |
|
3.26
|
4.03 |
3.50 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
|
Particulars |
As
on 31.03.2010 Rs.
in millions |
As
on 31.03.2009 Rs.
in millions |
As
on 31.03.2008 Rs.
in millions |
|
Due to Micro and Small Enterprises |
9.924 |
18.386 |
11.621 |
|
Others |
1201.237 |
901.821 |
1246.865 |
|
Total |
1211.161 |
920.207 |
1258.486 |
STATE OF
Subject managed to clock a good turnover despite economic slowdown and recession by achieving a turnover of Rs. 5860.000 millions and achieved net profit after tax of Rs. 423.000 millions.
The Company has reserves of over Rs. 3406.000 millions. During the year, the Company has made capital expenditure of Rs. 192.000 millions towards various new projects.
The Directors recommend a nil dividend for the current year.
There have been no material changes or commitments which have occurred between the end of the financial year of the Company to which the balance sheet relates and the date of this report.
HISTORY:
Subject was incorporated on 07.12.1993 at
The company was incorporated as a Private Limited company and became
Deemed Public Limited company under section 43A (2) w.e.f. 30.06.1998.
The parent company AMP Inc. USA has been taken over by TYCO Group of
The Company manufactures electrical and electronic connectors, wire
harnesses, cables and fibre optic interconnection systems and applications
tools at its facilities in
The facility in
During the year 1997-98, the company has set up a manufacturing facility
near Pune for manufacturing harness wires in automobile industry, which
commenced commercial production on 29.06.1997.
The company has been converted as private limited company.
Subject is a wholly-owned subsidiary of the US-based Tyco Electronic
Corporation, a 50:50 joint venture with Elentec Co of
The joint venture, subject would involve an investment of $2 million and
has a manufacturing facility at Noida, company officials said here.
Subject is one of the leading manufacturers of high precision electronic
components in
It manufactures and markets electrical and electronic connectors, wire
harness and other electro-mechanical/electronic components from its facilities
in
The new venture would cater to the component requirements of consumer
electronics, household appliances and the computer industry.
The facility at Noida has a built-up area of 16,000 sq. ft. Initially,
the focus would be on the production of remote control units, CRT sockets, DG
coils and wire harnesses.
The joint venture had already got Samsung as its first customer.
Bankers Charges
Report as per Registry
|
Name of the company |
Tyco Electronics Corporation (Formerly Known as AMP India Limited ) |
|
Presented By |
Societe Generale, (Formerly Known as AMP India Limited ) |
|
1) Date and description of instrument creating the change |
Date : 03.03.1997 Registered 02.04.1997 Agreement of Hypothecation of Stock/ Goods LO/013 Agreement of Hypothecation of Book Debts LO/ 009 Letter from HSBC, |
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs.22.300 millions |
|
3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Hypothecation in favour of the Bank all the Goods namely Raw
Materials, Stocks in process, stocks goods in Transit, Finished goods and
stores and spares, consumable etc. including the stocks thereof for the time
being whether raw or manufactured or in the process of manufacture and all
articles manufactured therefrom including any such goods in the course of
transit or delivery and all movable
property of any kind of the Borrower which now or thereafter from time to
time during this security shall be brought in stored or be in or about the
premises, warehouses or godowns of the
borrower in Bangalore or wherever else the same may held by any party
anywhere to the order and disposition of the borrower hypothecation and
charge to the bank all the book debts. Outstanding money receivable claims
bills which are now due and owing or while may at any time hereafter during
continuance of this security become and to the borrower in the course of its
business by any of their creditors by way if First charges. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest: 18 % p.a. with quarterly rests. Margin : 25 % Repayment : on Demand Charge on the assets shall rank pari passu with other Banks, Hong Kong
and |
|
5) Name and Address and description of the person entitled to the
charge. |
Societe Generale Bangalore Branch, Magrath road, (A Banking Company) |
|
6) Date and brief description
of instrument modifying the charge |
Date: 21.1.2002 Supplementary Agreement of Hypothecation of Stocks
goods and Book Debts. |
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
By the above agreement the Borrower company can avail the credit
facility of Rs.35.000 millions in any manner/ mode like cash credit/ packing
credit/ sales bills discounting/ non coverable debenture/FCNR (B) Loan bank
guarantees/ letters of credit or in any other form of Banking facility as may
be desired by them and the securities already obtained will continue for the
present arrangement also. (All other terms and conditions remain unchanged) |
|
Name of the company |
AMP India Limited |
|
Presented By |
The Hongkong and |
|
1) Date and description of instrument creating the change |
Date: 03.03.1997 Regd. As Doc 20/17.03.9 7 Hypothecation agreement |
|
2) Amount secured by the charge/amount owing on the securities of
charge |
Rs.31.500 millions |
|
3) Short particular of the property charged. If the property acquired
is subject to charge, date of the acquired of the property should be given |
Hypothecation of the whole of the present and future stocks and book
dents belonging to the company |
|
4) Gist of the terms and conditions and extent and operation of the
charge. |
Interest and Margin as applicable from time to time Repayment : on Demand |
|
5) Name and Address and description of the person entitled to the
charge. |
The Hongkong
and Bangalore Branch, Manipal centre, |
|
6) Date and brief description
of instrument modifying the charge |
26.06.1999 Supplementary hypothecation
Agreement |
|
7) Particulars of modifications specifying the terms and conditions or
the extent of operations of the charge in which modification is made and the
details of the modification. |
Limit enhanced to Rs.72.500 millions all other terms and conditions to
continue. |
FIXED ASSETS
· Leasehold Improvements
· Plant and Machinery
· Office Equipments
· Data Processing Equipments
· Furniture and Fixture
· Motor Vehicles
· Building
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.48.93 |
|
|
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.65 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
49 |
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.