MIRA INFORM REPORT
|
Report Date : |
26.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALCATEL-LUCENT INDIA LIMITED (w.e.f.27.04.2007) |
|
|
|
|
Formerly Known
As : |
ALCATEL SOUTH ASIA LIMITED |
|
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Registered
Office : |
202-206 Tolstoy House, 15, Tolstoy Marg, New Delhi –
110001 |
|
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|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
05.03.1992 |
|
|
|
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Com. Reg. No.: |
55-047870 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2120.100 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL1992PLC047870 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA03947G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA8667N |
|
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of Manufacturing, Marketing, Supply and Installation of Digital Switching Equipment and Related Software, Cellular Exchange/Transmission Equipment. |
|
|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 30000000 |
|
|
|
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine track
record. Financial position of the company appears to be sound. Trade
relations are reported as fair. Business is active. Payments are reported to
be regular and as per commitment. 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.
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 : |
202-206, Tolstoy House, 15, Tolstoy Marg, New Delhi –
110001, India |
|
Tel. No.: |
91-11-23714408 |
|
Fax No.: |
91-1123357097 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Corporate Office : |
14th and 15th Floor, Tower C DLF Cyber Green,
DLF City, Gurgaon – 122001, Haryana, India
|
|
Tel. No.: |
91-124-4159999 |
|
Fax No.: |
91-124-4114307 |
DIRECTORS
As on 29.10.2012
|
Name : |
Mr. Arun Seth |
|
Designation : |
Director |
|
Address : |
A-7, Geetanjali Enclave, New Delhi – 110070, India |
|
Date of Birth/Age : |
19.11.1951 |
|
Date of Appointment : |
02.06.2011 |
|
DIN No.: |
00204434 |
|
|
|
|
Name : |
Mr. Munish Seth |
|
Designation : |
Managing director |
|
Address : |
D-2-2530, Vasant Kunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
24.05.19694 |
|
Date of Appointment : |
03.09.2010 |
|
DIN No.: |
02720293 |
|
|
|
|
Name : |
Nicole Gionet |
|
Designation : |
Director |
|
Address : |
22E, Building 5 , Lane 2, West Weifang Road, Shanghai – 200000 China |
|
Date of Birth/Age : |
26.08.1959 |
|
Date of Appointment : |
29.08.2011 |
|
DIN No.: |
03605842 |
|
|
|
|
Name : |
Remi Karl Georges Thomas |
|
Designation : |
Additional director |
|
Address : |
No.176, lane 2888, Hu Nan Gong Road, The Emerald, Pu Dong District,
Shanghai, China |
|
Date of Birth/Age : |
14.03.1968 |
|
Date of Appointment : |
04.10.2012 |
|
DIN No.: |
06391080 |
|
|
|
|
Name : |
Mr. Salil Gupta |
|
Designation : |
Additional director |
|
Address : |
S-178 Windsor Court, DLF-IV, Gurgaon – 122009, Haryana, India |
|
Date of Birth/Age : |
17.04.1964 |
|
Date of Appointment : |
14.01.2013 |
|
DIN No.: |
01756556 |
KEY EXECUTIVES
|
Name : |
Mr. Nakul Kumar |
|
Designation : |
Secretary |
|
Address : |
House No.1304, Sector -15, Part II, Huda, Gurgaon – 122001, Haryana,
India |
|
Date of Birth/Age : |
03.11.1968 |
|
Date of Appointment : |
22.01.2009 |
|
PAN No.: |
AAOPK3753C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.10.2012
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 29.10.2012
|
Category |
|
Percentage |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.82 |
|
Bodies corporate |
|
0.15 |
|
Other top fifty shareholders |
|
0.03 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of Manufacturing,
Marketing, Supply and Installation of Digital Switching Equipment and Related
Software, Cellular Exchange/Transmission Equipment. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Not Available |
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Facilities : |
(Rs.
In Millions)
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Associates Chartered Accountants |
|
Address : |
Golf View, Corporate Tower B, Sector-42, Sector Road, Gurgaon – 122002, Haryana, India |
|
PAN No.: |
AABFS3421N |
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Ultimate Holding Company : |
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Holding Company: |
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Subsidiaries : |
CIN No.: U64203MH2008PTC182748
CIN No.: U64200HR2009PLC039237 |
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|
|
|
Fellow Subsidiary
Company : |
CIN No.:U74999DL2007PTC159895
CIN No.:U72400HR2011FTC044426 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
886000000 |
Equity Shares |
Rs.10/- each |
Rs.8860.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
212010000 |
Equity Shares |
Rs.10/- each |
Rs.2120.100
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 |
2120.100 |
2120.100 |
2120.082 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
5487.500 |
4492.800 |
4167.298 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7607.600 |
6612.900 |
6287.380 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.000 |
16.500 |
241.309 |
|
|
2] Unsecured Loans |
318.500 |
0.000 |
692.174 |
|
|
TOTAL BORROWING |
322.500 |
16.500 |
933.483 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7930.100 |
6629.400 |
7220.863 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1912.000 |
2064.100 |
2017.555 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
256.300 |
256.300 |
256.254 |
|
|
DEFERREX TAX ASSETS |
79.800 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
189.800
|
275.800 |
1176.717 |
|
|
Sundry Debtors |
9794.900
|
11019.100 |
11202.636 |
|
|
Cash & Bank Balances |
944.900
|
1758.200 |
2247.455 |
|
|
Other Current Assets |
3960.600
|
3917.500 |
3110.428 |
|
|
Loans & Advances |
3890.600
|
3504.300 |
3082.796 |
|
Total
Current Assets |
18780.800
|
20474.900 |
20820.032 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8699.500
|
10180.900 |
9557.007 |
|
|
Other Current Liabilities |
2751.800
|
4147.000 |
3731.071 |
|
|
Provisions |
1647.500
|
1838.000 |
2584.900 |
|
Total
Current Liabilities |
13098.800
|
16165.900 |
15872.978 |
|
|
Net Current Assets |
5682.2000
|
4309.000 |
4947.054 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
7930.100 |
6629.400 |
7220.863 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
13384.100 |
17428.600 |
19809.483 |
|
|
|
Other Income |
494.800 |
159.200 |
357.513 |
|
|
|
TOTAL (A) |
13878.900 |
17587.800 |
20166.996 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2005.200 |
8026.600 |
|
|
|
|
Employee Benefit Expense |
5602.300 |
4648.700 |
|
|
|
|
Other Expenses |
4498.800 |
3639.500 |
|
|
|
|
TOTAL (B) |
12106.300 |
16314.800 |
19352.615 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1772.600 |
1273.000 |
814.381 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
129.200 |
92.700 |
(59.259) |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1643.400 |
1180.300 |
873.640 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
898.600 |
814.500 |
706.106 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
744.800 |
365.800 |
167.534 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(249.900) |
40.400 |
(21.672) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
994.700 |
325.400 |
189.206 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Other Earnings |
8954.900 |
7734.500 |
10942.581 |
|
|
TOTAL EARNINGS |
8954.900 |
7734.500 |
10942.581 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1481.600 |
4495.400 |
|
|
|
|
Capital Goods |
575.000 |
845.600 |
|
|
|
TOTAL IMPORTS |
2056.600 |
5341.000 |
7091.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.69 |
1.53 |
0.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.17 |
1.85 |
0.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.56 |
2.10 |
0.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.60 |
1.62 |
0.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.06 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.04 |
0.00 |
0.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.27 |
1.31 |
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 |
Yes |
|
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 |
DETAILS OF
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
TERM LOAN FROM
OTHERS |
|
|
|
- Foreign Currency Loan (Term loans Foreign currency loan from Alcatel-Lucent France, France) |
318.500 |
0.000 |
|
Total |
318.500 |
0.000 |
FINANCIAL RESULTS
During the twelve (12) months period, the Company has achieved a turnover of Rs.13384.000 Millions against Rs.17429.000 Millions in the previous year for the period of twelve (12) months.
During the period ended March 31, 2012, the Company earned a profit of Rs.995.000 Millions against a profit of Rs.325.000 Millions in the previous year for the period of twelve (12) months.
FIXED ASSETS:
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Leasehold Improvements
PRESS RELEASE
BHARTI AIRTEL TO BUY ALCATEL-LUCENT STAKE IN INDIA JV
05 FEBRUARY 2013
Bharti Airtel, India's
largest private telecom firm, said on Tuesday, 5 February, 2013, it will buy
out Alcatel-Lucent's entire stake in a joint venture company that manages the
fixed-line and broadband network for Bharti.
The companies did not give
any financial detail of the deal.
Bharti and the Indian unit
of Alcatel-Lucent had formed the 26:74 joint venture, Alcatel Lucent Managed
Network Service India Limited, in 2009 to manage Bharti's fixed-line and
broadband networks.
The five-year $500-million
network contract for the joint venture was to end in April 2014.
Bharti Airtel said after
the buyout, the company would operate independently and going forward it would
invite other telecom operators for equity participation and bring the
management of their broadband and fixed-line networks under the entity.
It also named Shishir Kumar
as the new chief executive of the company. Kumar was earlier the chief
executive for the northern region at Bharti Airtel.
In a statement, Bharti
Airtel said it was introducing a new business model for managing fixed line and
DSL broadband networks, on the lines of Indus Towers.
Bharti Airtel subsidiary Bharti
Infratel holds 42 per cent stake in Indus Towers, with the remaining stakes in
the company with Vodafone (42 per cent) and Idea (16 per cent).
"The operations of the
entity will be strengthened by the transition of proven tools, processes and
all manpower and skilled resources from the existing joint venture," it
said.
"It will operate
independent of Bharti and going forward, will invite other operators to join in
with equity participation and bring the management of their broadband and fixed
line networks under its fold," the statement said.
Bharti Airtel CEO (India
and South Asia) Sanjay Kapoor said with the new innovative model, the company
was breaking new ground in an industry which is on the cusp of a massive data
growth.
This new model, along with
the recently launched Network Experience Centre, would provide greater control
for Bharti Airtel over the delivery of a world-class data experience to
customers, he added.
Alcatel-Lucent India
President and Managing Director Munish Seth said the joint venture was a
catalyst in transforming Bharti Airtel's Telemedia business.
"The formation of this
new model is a step in that direction and will leverage the core competencies
that Alcatel Lucent Managed Network Service India has built," he said.
Bharti Airtel offers
broadband, data and telephone services (fixed line) in 87 Indian cities and has
a customer base of 3.3 million. Out of them, 1.4 million are subscribed to
broadband/internet services.
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.54.10 |
|
|
1 |
Rs.82.47 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
55 |
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.