MIRA INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
AT AND S INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12/A, Industrial Area, Nanjangud, Mysore-571301, Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.05.1988 |
|
|
|
|
Com. Reg. No.: |
025863 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.391.125
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1988PTC025863 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA05803A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA2930J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Printed Circuit Board. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “AT and S Ag, Austria.” It is an established company having moderate track record. The company
has been increasing heavy loss from its operations from past some years.
These accumulated losses has eroded the networth fully. However, business is
active. Payments are reported to be slow and delayed. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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/ Factory : |
12/A, Industrial Area, Nanjangud-571301, Karnataka, India |
|
Tel. No.: |
91-8221-304000 |
|
Fax No.: |
91-8221-228570 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office : |
Nanjan, 1015, Naurang House, 21, Kasturba Gandhi Marg, New
Delhi-110001, India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Rakesh Rawlley Herald |
|
Designation : |
Managing Director |
|
Address : |
833, Pucks Place, New Market, Onl3X2K3, Pin Code, 833, Canada |
|
Date of Birth/Age : |
26.01.1954 |
|
Date of Appointment : |
10.01.2011 |
|
Din No.: |
03429007 |
|
|
|
|
Name : |
Heinz Moitzi |
|
Designation : |
Director |
|
Address : |
8740, Zeltweg, Austria |
|
Date of Birth/Age : |
05.07.1956 |
|
Date of Appointment : |
11.03.2004 |
|
Din No.: |
00323506 |
|
|
|
|
Name : |
Mr. Thomas Obendrauf |
|
Designation : |
Director |
|
Address : |
Neufeldweg 71/13, Graz-8010, Austria |
|
Date of Birth/Age : |
21.08.1970 |
|
Date of Appointment : |
26.09.2011 |
|
Din No.: |
03428922 |
|
|
|
|
Name : |
Andreas Martin Gerstenmayer |
|
Designation : |
Director |
|
Address : |
Schillerstrabe 37, A811, Judendorf, Strabengel, Germany |
|
Date of Birth/Age : |
18.02.1965 |
|
Date of Appointment : |
11.02.2010 |
|
Din No.: |
02211194 |
KEY EXECUTIVES
|
Name : |
Mr. MNV Krishna Mohan Kumar |
|
Designation : |
Secretary |
|
Address : |
G03, Eltei Brigade Apartments,
Princes Road, Yadavagiri Post, Mysore-570020, Karnataka, India |
|
Date of Birth/Age : |
26.05.1971 |
|
Date of Appointment : |
01.01.2010 |
|
PAN No : |
ACIPM2610G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preferences Shares |
|
Austria Technologie and Systmtechnik AG, Austria |
14112499 |
2500000 |
|
MNV Krishna Mohan Kumar |
1 |
-- |
|
|
|
|
|
TOTAL
|
14112500 |
2500000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Other
|
|
0.01 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Printed Circuit Board. |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Printed Circuit Boards |
Sq. Mts. |
NA |
304,064 |
274,696 |
NOTES:
(i) The Company is exempt from the licensing provisions of the
Industries (Development Regulation) Act, 1951.
(ii) The Installed Capacity has been certified by the Company’s
management and relied upon by the auditors, this being a technical matter.
(iii) Figures in brackets relate to previous year.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Punjab National Bank, Devaraj URS Road, Mysore-570001, Karnataka,
India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Water House and Company Chartered Accountants |
|
Address : |
5th Floor, Tower D, The Millenia, 1 and 2, Murphy Road,
Ulsoor, Bangalore-560008, Karnataka, India |
|
PAN No: |
AADFP9359C |
|
|
|
|
Holding Company : |
AT and S Austria
Technologie and Systemtechnik AG, Austria (AT and S Austria) |
|
|
|
|
Fellow Subsidiaries : |
|
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
2500000 |
Preferences Shares |
Rs.100/- each |
Rs.250.000 Millions |
|
|
TOTAL
|
|
Rs.400.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14112500 |
Equity Shares |
Rs.10/- each
|
Rs.141.125
Millions |
|
2500000 |
Preferences Shares |
Rs.100/- each |
Rs.250.000
Millions |
|
|
Total |
|
Rs.391.125 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
391.130 |
383.630 |
383.625 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
399.959 |
|
|
4] (Accumulated Losses) |
(555.270) |
(297.880) |
0.000 |
|
|
NETWORTH |
(164.140) |
85.750 |
783.584 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
5.337 |
|
|
2] Unsecured Loans |
2025.230 |
1766.480 |
702.283 |
|
|
TOTAL BORROWING |
2025.230 |
1766.480 |
707.620 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1861.090 |
1852.230 |
1491.204 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1869.200 |
1567.860 |
903.812 |
|
|
Capital work-in-progress |
2.740 |
291.830 |
203.836 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.390 |
0.390 |
0.385 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
515.700
|
446.760 |
293.819
|
|
|
Sundry Debtors |
44.520
|
63.820 |
68.681
|
|
|
Cash & Bank Balances |
24.150
|
52.690 |
136.990
|
|
|
Other Current Assets |
518.480
|
538.680 |
11.016
|
|
|
Loans & Advances |
161.400
|
144.710 |
412.237
|
|
Total
Current Assets |
1264.250
|
1246.660 |
922.743 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
518.240
|
568.260 |
306.690
|
|
|
Other Current Liabilities |
734.840
|
657.130 |
194.896
|
|
|
Provisions |
22.410
|
29.120 |
37.986
|
|
Total
Current Liabilities |
1275.490
|
1254.510 |
539.572
|
|
|
Net Current Assets |
(11.240)
|
(7.850) |
383.171
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1861.090 |
1852.230 |
1491.204 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1593.176 |
|
|
|
Other Income |
|
|
241.917 |
|
|
|
TOTAL (A) |
3094.000 |
2506.000 |
1835.093 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
NA |
NA |
929.699 |
|
|
|
Manufacturing Expenses |
NA |
NA |
718.430 |
|
|
|
TOTAL (B) |
NA |
NA |
1648.129 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(214.000) |
(411.000) |
186.964 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
37.241 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
149.723 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
147.640 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
NA |
NA |
2.083 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
(59.117) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(634.000) |
(698.000) |
(57.034) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
334.918 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Preference Dividend |
NA |
NA |
2.500 |
|
|
|
Tax thereon |
NA |
NA |
0.425 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
274.959 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2375.000 |
1851.410 |
1293.404 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
1132.017 |
667.609 |
|
|
|
Stores & Spares |
NA |
176.656 |
69.484 |
|
|
|
Capital Goods |
NA |
501.490 |
344.051 |
|
|
TOTAL IMPORTS |
NA |
1810.163 |
1081.144 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
NA |
NA |
(4.49) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(20.49)
|
(27.85)
|
(3.11)
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.13
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
0.11
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.00
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(12.34)
|
20.60
|
0.90
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.98
|
1.71
|
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 |
Yes |
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
PERFORMANCE
REVIEW:
The revenue
increased by 23.46% compared to the last year. The volume registered an
increase of 17.27% from 277,390 Sq. mts. of PCBs in 2010-11 to 325,298 Sq. mts.
in 2011-12. PBDIT has decreased to Rs. 214.000 Millions. The company has
registered a net loss (Profit after Tax) of Rs. 634.000 Millions.
OPERATIONS:
During the year, the company produced 326,298 Sq. Mtrs of printed
circuit boards which is 18.78% more than 2010-11 production.
BUSINESS OUTLOOK:
The company began
the fiscal year with good customer orders and high production with the
full-fledged operation of Plant-II. Due to the general economic crisis in
Europe, the production quantity was reduced to a larger extent in second part
of the year 2011-12. As know, the company had to face a series of challenges in
the wake of ramp-up. Some of the processes continued to pose difficulties which
impacted the production schedule. To report that the team took up the challenge
and found solution to most of the problems in a systematic way.
The initiatives
started during earlier years on cost reduction and risk mitigation, which
helped the company in tough time. Further actions were implemented to reduce
the cost. With new local board of management, many initiates have been taken to
stabilize the production and reduce maintenance cost due to expansion.
Further, on the
basis of the financials as at 31st March, 2012, entire Net worth of the company
is eroded and as a result, the company has officially become a sick company
under the provisions of the Sick Industrial Companies Act, 1985. The company
needs to file a report on the same to the Board for Industrial and Financial
Reconstruction (BIFR). However, based on the developments in the market,
forecast and plan for next 4 years backed with strong customer base, increased
revenue, and better cash flow, your company is confident of coming out of this
year’s loss situation.
INDUSTRIAL
RELATIONS AND HUMAN RESOURCE DEVELOPMENT:
The company
continued to have cordial relationship with the work force through proactive
and regular communication. Company successfully completed its Long Term Wage
Negotiation settlement with Employees association. Lot of improvements on
discipline in the shop floor was initiated which has yielded very positive
result and good discipline in the shop floor.
Lot of initiatives
was taken on employee training and people development activities. Main focus
was on bringing more discipline in the shop floor and awareness to the
employees about company’s financial status. The quarterly business
communication meeting was initiated and has very good positive response from
the employees. They have planned various technical training programs for shop
floor employee on quality improvement.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Term loan from others |
2025.230 |
1723.810 |
|
Bonds/debentures |
0.000 |
42.670 |
|
TOTAL
|
2025.230 |
1766.480 |
FIXED ASSETS:
- Freehold Land
- Buildings
- Plant and Machinery
- Computers and office Equipment
- Computer Software
- Furniture and Fixtures
- 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 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 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] on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] 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.54.65 |
|
|
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
18 |
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.