1. Summary Information
|
|
|
Country |
India |
|
Company Name |
LITE-ON-MOBILE
INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Gupta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Cornelis Martinus Petrus Maria Saris |
|
|
|
Registration # |
18-060268 |
|
Street Address |
Nokia Telecom
Special Economic Zone, Plot 1A, SIPCOT Industrial Park, Phase III, Chennai – Bangalore
Highway, Sriperumbudur Taluk, Kanchipuram 602 105, Tamilnadu, India |
||
|
Established Date |
19.06.2006 |
SIC Code |
-- |
|
Telephone# |
91-44-47112233 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-47112244 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
Moulded Components |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 482,050,000 /- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 100.00 % |
Banking |
Not Available |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Parent company |
Singapore |
Lite-on Mobile Pte Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1245,341,000 |
Current Liabilities |
1882,342,000 |
|
Inventories |
531,957,000 |
Long-term Liabilities |
1790,669,000
|
|
Fixed Assets |
1925,368,000 |
Other Liabilities |
78,680,000 |
|
Deferred Assets |
0 |
Total Liabilities |
3751,691,000 |
|
Invest& other Assets |
617,935,000 |
Retained Earnings |
86,860,000 |
|
|
|
Net Worth |
568,910,000 |
|
Total Assets |
4320,601,000 |
Total Liab. & Equity |
4320,601,000 |
|
Total Assets (Previous Year) |
2137,049,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
4669,140,000 |
Net Profit |
74,450,000 |
|
Sales(Previous yr) |
4419,610,000 |
Net Profit(Prev.yr) |
411,570,000 |
MIRA
INFORM REPORT
|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
LITE-ON-MOBILE INDIA PRIVATE LIMITED [w.e.f. 27.06.2011] |
|
|
|
|
Formerly Known
As : |
PERLOS TELECOMMUNICATION AND ELECTRONIC COMPONENTS ( |
|
|
|
|
Registered
Office : |
Nokia Telecom Special Economic Zone, Plot 1A, SIPCOT Industrial Park,
Phase III, Chennai – Bangalore Highway, Sriperumbudur Taluk, Kanchipuram 602 105,
Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.06.2006 |
|
|
|
|
Com. Reg. No.: |
18-060268 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 482.050 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109TN2006PTC060268 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEP08672G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP9246K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Moulded Components for the
Telecommunication Industry. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2270000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Latest
financial i.e. 2011-2012 are missing from the government department. From the
financial 2011, it seems the reserves of the company are low. Also there
appears a dip in the profitability of 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 caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Nokia Telecom Special Economic Zone, Plot 1A, SIPCOT Industrial Park,
Phase III, Chennai – Bangalore Highway, Sriperumbudur Taluk, Kanchipuram 602
105, Tamilnadu, India |
|
Tel. No.: |
91-44-47112233 |
|
Fax No.: |
91-44-47112244 |
|
E-Mail : |
senthil.muruganantham@perlos.com
, |
|
Website : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Amit Gupta |
|
Designation : |
Managing Director |
|
Address : |
6b, Kanakalaxmi Apartments, Street No.6, Himayat Nagar, |
|
Date of Birth/Age : |
17.11.1976 |
|
Qualification : |
MBA |
|
Date of Appointment : |
08.10.2010 |
|
DIN : |
03464288 |
|
|
|
|
Name : |
Mr. Cornelis Martinus Petrus Maria Saris |
|
Designation : |
Director |
|
Address : |
Groenerein 18, 6267 BL Cadier EN |
|
Date of Birth/Age : |
13.01.1959 |
|
Qualification : |
MBA |
|
Date of Appointment : |
19.09.2008 |
|
DIN : |
02321151 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Lite-On-Mobile Pte Limited, |
|
59094854 |
|
Perlos Corporation, |
|
1 |
|
Total |
|
59094855 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
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 and Supplier of Moulded Components for the
Telecommunication Industry. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
ASV N Ramana Tower 52, Venkatnarayana Road, T.Nagar, Chennai- 600017,
Tamilnadu, India |
|
PAN No.: |
AACFD3771D |
|
|
|
|
Parent company : |
Lite-on Mobile Pte Limited, Singapore |
|
|
|
|
Entities under common
control : |
·
Perlos Oyj, Finland ·
Perlos (Beijing) Electronic and Telecommunication
Components Company Limited, China ·
Perlos (Guangzhou) Electronic Components Company
Limited, China ·
Perlos (Guangzhou) Engineering Plastics Company
Limited, China ·
Perlos Ltda, Manaus, Brazil ·
Perlos Mexico Holding Corp, Mexico ·
Perlos Mexico S.A DE C.V, Reynosa, Mexico ·
Perlos Precision Molds (Shenzen) Company Limited,
China ·
Perlos Precizios M Plastics Kft, Hungary ·
Silitech Technology Corporation, Taipei, Taiwan ·
Silitech Technology (Suzhou) Company Limited,
Suzhou City, China ·
Silitech Technology Corporation SDN BHD, Pulau
Pinang, Malaysia ·
Xurong Electronics (Shenzhen) Company Limited,
Shenzhen City, China ·
Silitech (Bermuda) Holding Limited, Taipei,
Taiwan |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59105000 |
Equity Shares |
Rs.10/- each |
Rs. 591.050 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59094855 |
Equity Shares |
Rs.10/- each |
Rs. 590.949 Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48205000 |
Equity Shares |
Rs.10/- each |
Rs. 482.050 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48205000 |
Equity Shares |
Rs.10/- each |
Rs. 482.050 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
482.050 |
482.050 |
284.200 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
86.860 |
12.406 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
[399.161] |
|
|
NETWORTH |
568.910 |
494.456 |
[114.961] |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.215 |
3.660 |
4.783 |
|
|
2] Unsecured Loans |
1788.454 |
1604.047 |
1866.670 |
|
|
TOTAL BORROWING |
1790.669 |
1607.707 |
1871.453 |
|
|
DEFERRED TAX LIABILITIES |
25.862 |
72.388 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2385.441 |
2174.551 |
1756.492 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1925.368 |
1898.670 |
1936.411 |
|
|
Capital work-in-progress |
557.328 |
250.233 |
19.492 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
531.957
|
416.439
|
168.770 |
|
|
Sundry Debtors |
746.640
|
427.730
|
216.969 |
|
|
Cash & Bank Balances |
441.615
|
317.727
|
16.565 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
57.086
|
39.298
|
74.518 |
|
Total
Current Assets |
1777.298
|
1201.194
|
476.822 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1729.952
|
1158.527
|
630.262 |
|
|
Other Current Liabilities |
152.390
|
62.906
|
44.795 |
|
|
Provisions |
52.818
|
17.263
|
1.176 |
|
Total
Current Liabilities |
1935.160
|
1238.696
|
676.233 |
|
|
Net Current Assets |
[157.862]
|
[37.502]
|
[199.411] |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
Other Assets |
60.607 |
63.150 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2385.441 |
2174.551 |
1756.492 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4669.140 |
4419.610 |
1709.010 |
|
|
|
Other Income |
85.940 |
300.650 |
29.060 |
|
|
|
TOTAL |
4755.080 |
4720.260 |
1738.070 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
4625.050 |
4221.300 |
1830.370 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
4625.050 |
4221.300 |
1830.370 |
|
|
|
|
|
|
|
|
|
PROFIT / [LOSS]
BEFORE TAX |
130.030 |
498.960 |
[92.300] |
|
|
|
|
|
|
|
|
|
Less |
TAX |
55.580 |
87.390 |
1.940 |
|
|
|
|
|
|
|
|
|
|
PROFIT / [LOSS]
AFTER TAX |
74.450 |
411.570 |
[94.240] |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.410 |
[399.160] |
[304.920] |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
86.860 |
12.410 |
[399.160] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FOB Value of Export |
153.230 |
228.834 |
201.819 |
|
|
|
|
|
0.000 |
1.869 |
|
|
|
Reimbursements |
|
25.375 |
11.229 |
|
|
TOTAL EARNINGS |
153.230 |
254.209 |
214.917 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
2778.440 |
397.654 |
415.171 |
|
|
|
Components and Consumables |
|
2802.463 |
731.129 |
|
|
|
Stores and spares |
|
35.270 |
28.243 |
|
|
TOTAL IMPORTS |
2778.440 |
3235.387 |
1174.543 |
|
|
|
|
|
|
|
|
|
|
Earnings/[Loss]
Per Share (Rs.) |
1.54 |
10.12 |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.57
|
8.72 |
[5.42] |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.78
|
9.31 |
[5.40] |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.51
|
16.10 |
[3.82] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
1.01 |
[0.80] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.55
|
5.76 |
[22.16] |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92
|
5.76 |
0.71 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixtures
- Computer and
Accessories
- Office
Equipments
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 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 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.54.63 |
|
|
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
29 |
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.