MIRA
INFORM REPORT
|
Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
VISHAY COMPONENTS INDIA PRIVATE LIMITED (w.e.f. 08.04.2003) |
|
|
|
|
Formerly Known as : |
BC COMPONENTS INDIA PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Loni Kalbhor, Near Pune Railway Station, Pune-412201, |
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Country : |
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|
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Financials (as on) : |
31.03.2011 |
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|
|
Date of Incorporation : |
18.02.1999 |
|
|
|
|
Com. Reg. No.: |
25-014320 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs. 916.358
Millions |
|
|
|
|
CIN No.: [Company Identification No.] |
U32109PN1999PTC014320 |
|
|
|
|
TAN No.: [Tax Deduction & Collection Account No.] |
PNEV03750F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Dealer in electrical capacitors and resistors. |
|
|
|
|
No. of Employees: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5900000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow But Correct |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. Reserve of
the company seems to be insufficient. But the company has recorded a better increase
in its profitability during year. Trade relations are reported to be fair.
Business is active. Payments are reported to be slow but correct. The company can be considered for business dealing with some cautions. |
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/Factory : |
Loni Kalbhor, Near Pune Railway Station, Pune-412201, Maharashtra,
India |
|
Tel. No.: |
91-20-26913285 |
|
Fax No.: |
91-20-26913738 / 26914007 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
DIRECTORS
AS ON 28.09.2011
|
Name : |
Mr. Christopher Tan Cheng Poh |
|
Designation : |
Chairman |
|
Address : |
No. 1, Seletar close, |
|
Date of Birth/Age : |
17.03.1948 |
|
Date of Appointment : |
28.02.2003 |
|
DIN No.: |
00540312 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U32109PN1999PTC014320 |
VISHAY
COMPONENTS INDIA PRIVATE LIMITED |
Director |
28/02/2003 |
28/02/2003 |
- |
Active |
NO |
|
2 |
U31404TN1990PTC019244 |
VISHAY
TRANSDUCERS INDIA PRIVATE LIMITED |
Director |
28/03/2006 |
28/03/2006 |
26/02/2010 |
Active |
NO |
|
3 |
U32108MH1974PTC017768 |
VISHAY
SEMICONDUCTOR INDIA PRIVATE LIMITED |
Director |
24/09/2007 |
01/04/2007 |
- |
Active |
NO |
|
Name : |
Mr. Rajan Mukundrao Shringarpure |
|
Designation : |
Whole Time Director |
|
Address : |
Manikchand Malabar Hills, BDG A2, D201/2 02 595/2, Lullanagar,
Kondhwa, Pune-411056, |
|
Date of Birth/Age : |
01.10.1954 |
|
Date of Appointment : |
21.06.2002 |
|
DIN No.: |
01394331 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U32109PN1999PTC014320 |
VISHAY
COMPONENTS INDIA PRIVATE LIMITED |
Managing
director |
01/04/2009 |
21/06/2002 |
- |
Active |
NO |
|
2 |
U32108MH1974PTC017768 |
VISHAY
SEMICONDUCTOR INDIA PRIVATE LIMITED |
Director |
24/09/2007 |
01/04/2007 |
16/06/2008 |
Active |
NO |
|
Name : |
Mr. Ananthakrishnan Ramakrishnan |
|
Designation : |
Whole Time Director |
|
Address : |
M5, Sacred Heart To WN, Wanawadi, Pune 411040, |
|
Date of Birth/Age : |
04.07.1967 |
|
Date of Appointment : |
16.06.2008 |
|
DIN No.: |
02224645 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U32108MH1974PTC017768 |
VISHAY
SEMICONDUCTOR INDIA PRIVATE LIMITED |
Director |
29/09/2008 |
16/06/2008 |
- |
Active |
NO |
|
2 |
U32109PN1999PTC014320 |
VISHAY
COMPONENTS INDIA PRIVATE LIMITED |
Director |
29/09/2008 |
16/06/2008 |
- |
Active |
NO |
|
3 |
U31404TN1990PTC019244 |
VISHAY
TRANSDUCERS INDIA PRIVATE LIMITED |
Director |
28/09/2009 |
01/07/2008 |
29/03/2010 |
Active |
NO |
|
4 |
U31400TN2009PTC074055 |
VISHAY
PRECISION TRANSDUCERS INDIA PRIVATE LIMITED |
Director |
29/12/2009 |
29/12/2009 |
29/03/2010 |
Active |
NO |
|
Name : |
Mr. Bee Leng Saw |
|
Designation : |
Director |
|
Address : |
20, |
|
Date of Birth/Age : |
29.06.1964 |
|
Date of Appointment : |
29.09.2008 |
|
DIN No.: |
02472546 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U31404TN1990PTC019244 |
VISHAY
TRANSDUCERS INDIA PRIVATE LIMITED |
Director |
28/09/2009 |
28/09/2008 |
26/02/2010 |
Active |
NO |
|
2 |
U32109PN1999PTC014320 |
VISHAY
COMPONENTS INDIA PRIVATE LIMITED |
Director |
28/09/2009 |
29/09/2008 |
- |
Active |
NO |
|
3 |
U32108MH1974PTC017768 |
VISHAY
SEMICONDUCTOR INDIA PRIVATE LIMITED |
Director |
28/09/2009 |
29/09/2008 |
- |
Active |
NO |
|
Name : |
Mr. Lars Rajen Raoul Erenstein |
|
Designation : |
Director Appointed in Casual Vacancy |
|
Address : |
Kirchbergstr, 25, K Ranzberg-85402 |
|
Date of Birth/Age : |
13.07.1964 |
|
Date of Appointment : |
28.09.2011 |
|
DIN No.: |
03595887 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2011
|
Names of Shareholders |
No. of Shares |
|
Vishay |
28174816 |
|
Vishay Intertechnology Inc. ( |
63460940 |
|
TOTAL |
91635756 |
AS ON 28.09.2011
|
Equity Shares
Break Up |
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 Dealer in electrical capacitors and resistors. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Film Capacitors |
Pieces |
550000 |
376106 |
|
Potentiometers |
Pieces |
70000 |
1002 |
|
Resistors |
Pieces |
1965000 |
1123030 |
|
Esta |
Pieces |
130 |
174 |
|
Particulars |
Unit |
Licensed
Capacity ** |
|
Electrolytic Capacitors |
Pieces |
108000 |
|
Film Capacitors |
Pieces |
518636 |
|
Potentiometers |
Pieces |
70000 |
|
Resistors |
Pieces |
2500000 |
|
Esta |
Pieces |
100 |
* Installed capacity
is on multiple shift basis and it is as certified by Management and not
verified by the auditors.
** Licensed
Capacity means the registered capacities as per Industrial Entrepreneurs'
Memoranda filed with the Government of India/Letter of permission granted by
the Santacruz Electronic Export Processing Zone.
GENERAL INFORMATION
|
No. of Employees : |
700 (Approximately) |
|
|
|
|
Bankers : |
Industrial
Finance Branch, 1183-A, Sadashiv Vilas, F.C. Road, Shivaji Nagar, Pune,
Maharashtra, India · Corporation Bank – Industrial Finance Branch Bharat House, Ground Floor, 104, |
|
|
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S.V. Ghatalia and Associates Chartered Accountants |
|
Address : |
C – 401, Fourth Floor, |
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Tel. No.: |
91-20-66036000 |
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Fax No.: |
91-20-66015900 |
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Pan No: |
AACFS6921Q |
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|
|
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Holding Company : |
Vishay
Intertechnology Inc. – USA |
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|
|
|
Fellow Subsidiaries : |
·
BCcomponents Beyschlag GmbH – Germany ·
BCcomponents Hong Kong Limited – Hong Kong ·
Siliconix Technology C.V. – IR ·
Vishay Dale Electronics Inc. – USA ·
Vishay Electronic GmbH – Germany ·
Vishay Electronic SPOL SRO - Czech Republic ·
Vishay Electronics Portugal Limited. - Portugal ·
Vishay Europe Sales GmbH - Germany ·
Vishay Intertechnology Asia Pte. Limited -
Singapore ·
Vishay Intertechnology Inc. – USA ·
Vishay Israel Limited – Israel ·
Vishay Passives Shanghai Company Limited, China ·
Vishay Resistors Belgium BVBA ·
Vishay Roederstein Electronics Inc - USA ·
Vishay S.A., France ·
Vishay Taiwan Limited ·
Vishay Thin Film Inc LLC ·
Vishay Trading (Shanghai) Company Limited, China ·
Vishay Vitramon Inc. – USA |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000000 |
Equity Shares |
Rs.10/- each |
Rs. 950.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91635756 |
Equity Shares |
Rs.10/- each |
Rs. 916.358
Millions |
|
|
|
|
|
NOTES:
Of the above equity
shares 28,174,816 (Previous year: 28,174,816)equity shares are held by Vishay
BCcomponents BV - Netherlands and the balance 63,460,940 (63,460,940) equity
shares are held by Vishay Intertechnology Inc. - USA, the ultimate holding
company
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 |
916.358 |
916.358 |
916.358 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
576.855 |
326.333 |
317.612 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1493.213 |
1242.691 |
1233.970 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1493.213 |
1242.691 |
1233.970 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
794.949 |
713.933 |
755.148 |
|
|
Capital work-in-progress |
154.992 |
139.951 |
68.998 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
457.039
|
442.521
|
320.804
|
|
|
Sundry Debtors |
202.506
|
240.396
|
197.412
|
|
|
Cash & Bank Balances |
129.731
|
70.230
|
105.128
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
261.145
|
144.849
|
124.248
|
|
Total
Current Assets |
1050.421
|
897.996 |
747.592 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
305.348
|
362.424
|
112.394
|
|
|
Other Current Liabilities |
99.186
|
63.087
|
125.916
|
|
|
Provisions |
102.615
|
83.678
|
99.458
|
|
Total
Current Liabilities |
507.149
|
509.189 |
337.768 |
|
|
Net Current Assets |
543.272
|
388.807
|
409.824
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1493.213 |
1242.691 |
1233.970 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
SALES
(Approximately) |
2146.000 |
2090.000 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
366.951 |
149.693 |
262.623 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
366.951 |
149.693 |
262.623 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
114.875 |
139.143 |
151.222 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
252.076 |
10.550 |
111.401 |
|
|
|
|
|
|
|
Less |
TAX |
1.554 |
1.829 |
2.658 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
250.522 |
8.721 |
108.743 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
167.393 |
158.672 |
49.929 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
417.915 |
167.393 |
158.672 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.73 |
0.10 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.66
|
0.65
|
7.41
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.01
|
0.09
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.34
|
0.41
|
0.27
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.07
|
1.76
|
2.21
|
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. Constructions 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 |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
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 |
No |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
No |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
No |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
BACKGROUND
Subject was
incorporated in India on February 18, 1999 primarily to carry on the business
of manufacturing and dealing in electrical capacitors and resistors. The Company
is a subsidiary of Vishay Intertechnology Inc, USA.
OPERATIONS
The Directors are
delighted to report a phenomenal growth of 55.48% in revenue in the financial
year. A milestone of INR 2000.000 Millions annual revenue has been breached.
With the strong revenue growth coupled with better price realization and
continued focus on cost reduction, the profit before tax was a healthy 11.74%
compared to 0.76% in the previous financial year.
POWER CAPACITORS
The revenue from the
low voltage power factor correction capacitors almost doubled compared (96%
growth) to the previous year which was adversely affected by the economic
slowdown which affected our key customers in the infrastructure segment.
The Power
Electronic Capacitors expansion project is progressing as per schedule. The
building and utilities are ready and the installation of machines are underway.
They expect the trial production to be complete in October 2011. These product
find application in the power and infrastructure sector and therefore poised
for significant growth.
FILM CAPACITORS
The transfer of
production line from Shanghai to Loni completed in Q1, 2010 contributed to a
significant increase in revenue. Growth in revenue was 48% compared to 2009-10.
Considerable volume growth coupled with better price realization has
contributed to improved profitability.
Film Capacitors
now contributes to about 51% of the total revenue of the company and to more
than 60% of the revenue of Vishay Worldwide on this product line.
Actions are
ongoing to miniaturize capacitors to meet customer demands ‘to pack more
components into less space’. For cost reduction purposes, new suppliers for raw
material with better prices and environmental performance are regularly
introduced.
RESISTORS
Revenue growth of
about 64% achieved in the year compared to previous year. This was achieved
both by volume growth and better price realization. The company has started the
production of professional resistors under the Global Operations Optimization
plans initiation by the Vishay Worldwide Draloric Beyschlag Resistors division.
Significant growth
has also been achieved on the Wirewound Resistors portfolio which caters to the
energy meter and domestic appliances segment both in the domestic and overseas
market.
Development of
Power Resistors planned is on hold because of higher input costs with respect
to customer price expectations and constantly changing technical
specifications.
BUSINESS PROCESS OUTSOURCING
With more
resources channeled into this are, they could register a revenue growth of 35%
in the year. The company has constantly been on the lookout for opportunities
in this area and continues to see good potential for growth.
Fixed Assets:
·
·
Buildings
·
Plant and Machinery
·
Tools and Moulds
·
Furniture, Fixture and
Equipments
·
Motor Vehicles
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. 56.02 |
|
|
1 |
Rs. 86.77 |
|
Euro |
1 |
Rs. 68.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
--- |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
36 |
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.