1. Summary Information
|
|
|
Country |
|
|
Company Name |
NOKIA SIEMENS
NETWORKS INDIA PRIVATE LIMITED |
Principal Name 1 |
MR. MICHAEL KUEHNER |
|
Status |
MODERATE |
Principal Name 2 |
MR. ANINDA RAMANANDA CHATTERJEE |
|
|
|
Registration # |
08-015044 |
|
Street Address |
10TH FLOOR,
|
||
|
Established Date |
17.12.1993 |
SIC Code |
-- |
|
Telephone# |
NOT AVAILABLE |
Business Style 1 |
SUBJECT IS ENGAGED IN THE BUSINESS OF PROVIDING TELECOM
SERVICES. |
|
Fax # |
NOT AVAILABLE |
Business Style 2 |
-- |
|
Homepage |
NOT AVAILABLE |
Product Name 1 |
-- |
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
-- |
|
Paid up capital |
RS.124,250,000/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-100% |
Banking |
NOT AVAILABLE |
|
Public Limited Corp. |
NO |
Business Period |
19 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
|
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
HOLDING COMPANY |
-- |
NOKIA SIEMENS NETWORKS PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
5,203,073,000
|
Current Liabilities |
4,234,054,000
|
|
Inventories |
855,834,000
|
Long-term Liabilities |
5,610,000 |
|
Fixed Assets |
285,737,000 |
Other Liabilities |
1,073,879,000
|
|
Deferred Assets |
326,000,000 |
Total Liabilities |
5,313,543,000 |
|
Invest& other Assets |
12,124,000 |
Retained Earnings |
1,244,975,000 |
|
|
|
Net Worth |
1,369,225,000 |
|
Total Assets |
6,682,768,000 |
Total Liab. & Equity |
6,682,768,000 |
|
Total Assets (Previous Year – 30.09.2006) |
4,280,478,000 |
|
|
|
P/L Statement as of |
31.03.2008 |
(Unit: Indian Rs.) |
|
|
Sales |
11,501,000,000 |
Net Profit |
423,860,000 |
|
Sales (Previous yr – 30.09.2006) |
6,190,030,000 |
Net Profit(Prev.yr) |
206,930,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
NOKIA SIEMENS NETWORKS INDIA PRIVATE LIMITED (w.e.f. 17.05.2007) |
|
|
|
|
Formerly Known
As : |
SIEMENS PUBLIC COMMUNICATION NETWORKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
10th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2008 |
|
|
|
|
Date of
Incorporation : |
17.12.1993 |
|
|
|
|
Com. Reg. No.: |
08-015044 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.124.250
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1993PTC015044 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN08029A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN3871F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of providing telecom
services. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5477000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
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) |
|
|
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
|
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 : |
10th Floor, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7838369161 (Mr. Shudeep Majumdar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
7F, Tower – A, Building No.9A, Cybercity, DLF, Phase-III, Gurgaon –
122 002, |
|
Tel No.: |
91-124-4504000 |
|
Fax No. : |
91-124-4504999 |
|
|
|
|
Factory : |
Gate No.1, Plot No.OZ-8, Oragadam, Kacheepuram, |
|
Tel. No.: |
91-44-67111692 |
|
Fax No.: |
91-44-67111724 |
DIRECTORS
AS ON 27.06.2008
|
Name : |
Mr. Michael Kuehner |
|
Designation : |
Whole Time Directors |
|
Address : |
3/11, Shanti Niketan, Ground Floor, |
|
Date of Birth/Age : |
15.02.1952 |
|
Date of Appointment : |
01.11.2005 |
|
|
|
|
Name : |
Mr. Aninda Ramananda Chatterjee |
|
Designation : |
Whole Time Director |
|
Address : |
1B, Building-1, Ganguly Apartments, 8th |
|
Date of Birth/Age : |
19.09.1965 |
|
Date of Appointment : |
13.07.2007 |
|
DIN No.: |
01760865 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Vinod Bapna |
|
Designation : |
Secretary |
|
Address : |
E-203, |
|
Date of Birth/Age : |
25.06.1972 |
|
Date of Appointment : |
29.02.2008 |
|
PAN No.: |
ABNPB6545P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.06.2008
|
Names of Shareholders |
|
No. of Shares |
|
Nokia Siemens Networks Private Limited, |
|
12424990 |
|
Nokia Siemens |
|
10 |
|
Total |
|
12425000 |
AS ON 27.06.2008
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing telecom
services. |
|
|
|
GENERAL INFORMATION
|
No. of Employees: |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower B, DLF
Cybercity, Gurgaon – 122 002, |
|
|
|
|
Holding Company : |
Nokia Siemens
Networks Private Limited CIN No : U72900DL2006PTC155149 |
CAPITAL STRUCTURE
AS ON 31.03.2008
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12425000 |
Equity Shares |
Rs.10/- each |
Rs.124.250
millions |
|
|
|
|
|
Note: Out of the above equity shares, 12424990
equity shares are held by the holding company. Nokia Siemens Networks Private Limited and 10 equity shares are
held by Nokia Siemens Tietoliikenne OY. The ultimate holding company of
Nokia Siemens Networks Private Limited is Nokia Siemens Network B.V.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2008 (18 Months) |
30.09.2006 (12 Months) |
30.09.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
124.250 |
124.250 |
124.250 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1244.975 |
882.298 |
958.720 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1369.225 |
1006.548 |
1082.970 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.610 |
19.484 |
33.448 |
|
|
2] Unsecured Loans |
0.000 |
575.000 |
900.000 |
|
|
TOTAL BORROWING |
5.610 |
594.484 |
933.448 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1374.835 |
1601.032 |
2016.418 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
285.737 |
412.984 |
442.459 |
|
|
Capital work-in-progress |
12.124 |
13.495 |
18.664 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
326.000 |
142.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
855.834
|
578.760 |
409.948 |
|
|
Sundry Debtors |
4524.646
|
2276.590 |
2335.502 |
|
|
Cash & Bank Balances |
180.987
|
169.810 |
237.646 |
|
|
Other Current Assets |
0.000
|
0.000 |
96.000 |
|
|
Loans & Advances |
497.440
|
686.839 |
405.927 |
|
Total
Current Assets |
6058.907 |
3711.999 |
3485.023 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3700.972
|
1270.911 |
1206.006 |
|
|
Other Current Liabilities |
533.082
|
692.736 |
200.333 |
|
|
Provisions |
1073.879
|
715.799 |
523.389 |
|
Total
Current Liabilities |
5307.933 |
2679.446 |
1929.728 |
|
|
Net Current Assets |
750.974
|
1032.553 |
1555.295 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1374.835 |
1601.032 |
2016.418 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2008 (18 Months) |
30.09.2006 (12 Months) |
30.09.2005 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
11501.000 |
6190.030 |
4775.770 |
|
|
|
Other Income |
282.520 |
232.740 |
380.040 |
|
|
|
TOTAL |
11783.520 |
6422.770 |
5155.810 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
11118.080 |
6054.450 |
4757.350 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
11118.080 |
6054.450 |
4757.350 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
665.440 |
368.320 |
398.460 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
241.580 |
161.390 |
122.760 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
423.860 |
206.930 |
275.700 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
179.070 |
276.490 |
0.790 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
21.000 |
0.000 |
|
|
|
Dividend |
0.000 |
248.500 |
0.000 |
|
|
|
Tax on Dividend |
0.000 |
34.850 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
602.930 |
179.070 |
276.490 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY VALUE |
2753.334 |
2731.920 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
34.11 |
16.65 |
22.19 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2008 (18 Months) |
30.09.2006 (12 Months) |
30.09.2005 |
|
PAT / Total Income |
(%) |
3.60
|
3.22 |
5.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.79
|
5.95 |
8.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.96
|
8.63 |
10.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.37 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.88
|
3.25 |
2.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14
|
1.39 |
1.81 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
OBSERVATION
POINTS:
|
Name of the
Company : |
NOKIA SIEMENS NETWORKS INDIA PRIVATE LIMITED |
|
|
|
|
Address : |
10th Floor, |
|
|
|
|
Tel. Nos.: |
91-7938369161 |
|
|
|
|
Name Board : |
Not Sighted |
FINANCIAL RESULTS
During the current period, the Company has changed its accounting year
from 30th September to 31st March and also extended its current
financial year to 18 months. Therefore, the current year Financial Statements
are for a period of 18 months (from 1st October, 2006 to 31st
March, 2008) as compared to the previous year Financial Statements that were
for a period of 12 months (from 1st October, 2005 to 30th
September, 2006). Accordingly, the current period figures are not comparable to
the previous year figures.
FIXED ASSTES
v
v Building
v Plant and Machinery
v Furniture and Fittings
v Vehicles
v Software
WEBSITE DETAILS:
PRESS RELASES:
NOKIA SIEMENS NETWORKS REACHES AGREEMENT TO SELL OPTICAL NETWORKS BUSINESS
TO MARLIN EQUITY PARTNERS
December 3, 2012
v Divestment to further enhance Nokia Siemens Networks’ strategic focus on Mobile Broadband
v Optical unit to be
established by Marlin Equity Partners as independent new company with financial
resources committed to building leadership position in optical networking
market
v Marlin Equity
Partners is a long-term investor with an extensive and successful track record
in the technology industry
Nokia Siemens Networks and Marlin Equity Partners announced today that they
had reached an agreement for Nokia Siemens Networks to sell its Optical
Networks business unit to Marlin Equity Partners in a deal that would result in
the unit being established as an independent company with the goal of becoming
a leading provider in the optical market.
The planned transaction is another step in the transformation of Nokia
Siemens Networks into a mobile broadband specialist and will give both
businesses the opportunity to concentrate investment and strategic focus on
their core segments.
“During 2012 Nokia Siemens Networks has made tremendous progress in the
transformation of our company to being the world’s mobile broadband specialist.
Our strategic focus on our core markets has enabled us to concentrate our
energy and investment in areas such as LTE where we have strengthened our
global leadership position,” said Rajeev Suri, chief executive officer at Nokia
Siemens Networks. “This transaction builds on that momentum and aims to provide
a new home for the Optical Networks business with the focus, resources and
strategic flexibility to address the opportunities in the optical market.”
Marlin Equity Partners, a Los Angeles California-based private investment
firm with over USD $1 billion of capital under management, has formed a new
company and intends to act as a consolidator, building an industry leader in
the fragmented optical networking sector.
“We are making a major commitment to this sector, and have significant
capital under management that we intend to use as a catalyst for
consolidation,” said Nick Kaiser, a co-founder and partner at Marlin Equity
Partners.
Pat DiPietro, Marlin Equity’s telecom sector operating partner added, “We
plan to make necessary investments to deliver market-leading optical networking
solutions and enhance the long-term value already provided to our global
customer base.”
The new optical company will be headquartered in Munich, Germany with
operations around the world and will be led by its existing management team
with Herbert Merz nominated as chief executive officer.
“This transaction is very exciting for the business as it will give us the
opportunity to build a long-term leader in optical and the strategic
flexibility to be proactive in the market,” said Merz. “Marlin is the ideal
owner for this business as it is a long-term investor with an extensive and
successful track record in our industry and direct experience of working with
some of our customers.”
Optical Networks is a leader in the long-haul and ultra-long-haul segment
of the optical market with strong technology in the emerging 100G optical
transmission area and a tier one global customer base.
As a result of the transaction up to 1,900 employees – mainly in
The closing of the transaction is subject to the fulfillment of certain
customary closing conditions, including, among others, antitrust clearance
procedures.
ABOUT NOKIA SIEMENS
NETWORKS
Nokia Siemens Networks is the world’s specialist in mobile broadband. From
the first ever call on GSM, to the first call on LTE, we operate at the
forefront of each generation of mobile technology. Our global experts invent the
new capabilities our customers need in their networks. We provide the world’s
most efficient mobile networks, the intelligence to maximize the value of those
networks, and the services to make it all work seamlessly.
With headquarters in
ABOUT MARLIN EQUITY
PARTNERS
Marlin Equity Partners is a Los Angeles, California-based private
investment firm with over $1 billion of capital under management. The firm is
focused on providing corporate parents, shareholders and other stakeholders
with tailored solutions that meet their business and liquidity needs. Marlin
invests in businesses across multiple industries where its capital base,
industry relationships and extensive network of operational resources
significantly strengthens a company's outlook and enhances value. Since its
inception, Marlin, through its group of funds and related companies, has
successfully completed over 60 acquisitions.
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.55.08 |
|
|
1 |
Rs.89.09 |
|
Euro |
1 |
Rs.72.62 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
35 |
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.