MIRA
INFORM REPORT
|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ATC TELECOM TOWER CORPORATION PRIVATE LIMITED [w.e.f. 07.12.2010] |
|
|
|
|
Formerly Known
As : |
ESSAR TELECOM INFRASTRUCTURE PRIVATE LIMITED [w.e.f. 25.01.2007] TELECOM TOWER AND
INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. B-15, 1st Floor, Sector 32, Gurgaon-122001,
Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.06.2003 |
|
|
|
|
Com. Reg. No.: |
05-043637 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.961.403
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200HR2003PTC043637 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged in the business of Providing of Passive Telecom Site Infrastructure Service
Termed as Infrastructure Service to Cellular Mobile Telephony Operators and
Other Licensed Telecom Operators. |
|
|
|
|
No. of Employees
: |
Information denied by the management.
|
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 45464000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects healthy financial risk profile marked by strong
liquidity position and decent profitability of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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.
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Sukesh |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-484-3070951 |
|
Date : |
26.03.2014 |
LOCATIONS
|
Registered Office : |
Plot No. B-15, 1st Floor, Sector 32, Gurgaon-122001,
Haryana, India |
|
Tel. No.: |
91-484-3070951 91-22-40082700 |
|
Fax No.: |
91-22-40156025 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Cheramangalath House, Shenoy Road, Kalwor, Kochi-682017, Kerala, India
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Amit Sharma |
|
Designation : |
Director |
|
Address : |
A-20, Niti Bagh, Ground Floor, New Delhi-110049, India |
|
Date of Birth/Age : |
22.01.1951 |
|
Date of Appointment : |
06.08.2010 |
|
Din No.: |
00050254 |
|
|
|
|
Name : |
Edmund Disanto |
|
Designation : |
Director |
|
Address : |
56, High Ridge Road, West Hartford, CT 6117, USA |
|
Date of Birth/Age : |
23.05.1952 |
|
Date of Appointment : |
06.08.2010 |
|
Din No.: |
02027137 |
|
|
|
|
Name : |
Mr. Rajesh Madan |
|
Designation : |
Director |
|
Address : |
D 6/20, DLF I, Gurgaon-122022, Haryana, India |
|
Date of Birth/Age : |
26.03.1950 |
|
Date of Appointment : |
06.08.2010 |
|
Din No.: |
02647922 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj Sureshchandra Kulshrestha |
|
Designation : |
Manager |
|
Address : |
C2/249, Janak Pur, New Delhi-110058, India |
|
Date of Birth/Age : |
11.12.1966 |
|
Date of Appointment : |
21.04.2011 |
|
Pan No.: |
AGHPK6471C |
|
|
|
|
Name : |
Vatsalya Varshney |
|
Designation : |
Secretary |
|
Address : |
B-143, Sector 14, Noida-201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
17.10.1975 |
|
Date of Appointment : |
01.09.2011 |
|
Pan No.: |
ABZPV6768L |
|
|
|
|
Name : |
Mr. Sukesh |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Transcend Infrastructure Private Limited, India |
|
96140324 |
|
ATC Tower Company of India Private Limited, India |
|
1 |
|
|
|
|
|
TOTAL
|
|
96140325 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in the business of Providing of Passive Telecom Site Infrastructure
Service Termed as Infrastructure Service to Cellular Mobile Telephony Operators
and Other Licensed Telecom Operators. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management.
|
|
|
|
|
Bankers : |
Axis Bank Limited, 209, Atlanta, Ground Floor, Nariman Point,
Mumbai-400021, Maharashtra, India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte
Haskins & Sells Chartered
Accountants |
|
Address : |
Tower 3, 27th-32nd
Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg,
Elphinstone (West), Mumbai - 400 013, Maharashtra, India |
|
PAN No: |
AABFD2095B |
|
|
|
|
Holding Company : |
Transcend Infrastructure
Private Limited [U70102HR2007PTC043349] |
|
|
|
|
Ultimate Holding Company : |
American Tower
Corporations, USA |
|
|
|
|
Fellow Subsidiaries : |
·
ATC Tower Company Of India Private Limited [U64203HR2006PTC043568] ·
ATC India Tower Corporation Private Limited [U55100HR2006PTC043337] ·
ATC India Infrastructure Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
96140325 |
Equity Shares |
Rs.10/- each
|
Rs.961.403
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
961.403 |
961.403 |
961.403 |
|
(b) Reserves & Surplus |
10404.687 |
9606.177 |
8568.529 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
11366.090 |
10567.580 |
9529.932 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
334.300 |
308.555 |
0.000 |
|
(c) Other long
term liabilities |
64.020 |
73.456 |
89.924 |
|
(d) Long-term
provisions |
500.976 |
383.926 |
665.814 |
|
Total Non-current
Liabilities (3) |
899.296 |
765.937 |
755.738 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
719.956 |
645.500 |
729.226 |
|
(c)
Other current liabilities |
520.479 |
623.702 |
457.552 |
|
(d) Short-term
provisions |
20.008 |
11.152 |
21.229 |
|
Total Current
Liabilities (4) |
1260.443 |
1280.354 |
1208.007 |
|
|
|
|
|
|
TOTAL |
13525.829 |
12613.871 |
11493.677 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
8689.692 |
8223.127 |
8173.576 |
|
(ii)
Intangible Assets |
3.754 |
4.015 |
1.342 |
|
(iii) Capital
work-in-progress |
155.946 |
128.506 |
215.359 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
432.813 |
290.189 |
511.297 |
|
(e) Other
Non-current assets |
262.884 |
194.831 |
102.694 |
|
Total Non-Current
Assets |
9545.089 |
8840.668 |
9004.268 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
637.775 |
695.101 |
203.512 |
|
(d) Cash
and cash equivalents |
295.482 |
150.094 |
305.422 |
|
(e) Short-term
loans and advances |
2545.871 |
2515.680 |
1953.595 |
|
(f)
Other current assets |
501.612 |
412.328 |
26.880 |
|
Total
Current Assets |
3980.740 |
3773.203 |
2489.409 |
|
|
|
|
|
|
TOTAL |
13525.829 |
12613.871 |
11493.677 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue From Infrastructure Facility |
6057.903 |
5284.145 |
2944.613 |
|
|
|
Other Income |
272.600 |
107.847 |
95.283 |
|
|
|
TOTAL (A) |
6330.503 |
5391.992 |
3039.896 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
4053.785 |
3134.631 |
1734.568 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2276.718 |
2257.361 |
1305.328 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.953 |
1.589 |
480.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2274.765 |
2255.772 |
824.452 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1081.431 |
909.569 |
1004.384 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
1193.334 |
1346.203 |
(179.932) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
394.824 |
308.556 |
707.538 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
798.510 |
1037.647 |
(887.470) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(224.238) |
(1261.885) |
(374.415) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
574.272 |
(224.238) |
(1261.885) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
8.31 |
10.79 |
(9.23) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
12.61
|
19.24 |
(29.19) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
19.70
|
25.47 |
(6.11) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.93
|
10.78 |
(1.60) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.13 |
(0.02) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.15
|
2.95 |
2.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
961.403 |
961.403 |
961.403 |
|
Reserves & Surplus |
8568.529 |
9606.177 |
10404.687 |
|
Net worth |
9,529.932 |
10,567.580 |
11,366.090 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales
|
2944.613 |
5284.145 |
6057.903 |
|
|
|
79.451 |
14.643 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2944.613 |
5284.145 |
6057.903 |
|
Profit |
(887.470) |
1037.647 |
798.51 |
|
|
(30.14%) |
19.64% |
13.18% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
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 |
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 (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 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
OPERATIONS AND FUTURE PROSPECTS:
During the year, the
Company earned total revenue from operation amounting Rs. 6330.500 Millions (which
includes other income of Rs. 272.600 Millions). The revenues are in the form of
provisioning charges in respect of passive infrastructure, energy and other
reimbursements.
BACKGROUND:
Subject
is engaged in the business of
providing of Passive Telecom Site Infrastructure Service termed as
Infrastructure Service to cellular mobile telephony operators and other
licensed telecom operators in India. The Company is registered with Department
of Telecom, Ministry of Communications, Government of India as Infrastructure
Provider Category I, and (IP-I Infrastructure provider) and is in the operation
and maintenance of wireless passive infrastructure assets ("passive
infrastructure") as well as the provision of related services to wireless
telecommunications operators in India.
On August 5, 2010 Transcend
Infrastructure Private Limited subsidiary of ATC Asia Pacific Pte. Limited and
its nominees acquired 100% of the paid up share capital of the company from
Essar Investments Limited, Essar Securities Limited and Essar Telecom
Infrastructure Holdings Overseas Private Limited and their nominees.
On December 7, 2010 the
Company received approval from the Registrar of Companies for change in name
from Essar Telecom Infrastructure Private Limited to ATC Telecom Tower
Corporation Private Limited.
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.60.17 |
|
|
1 |
Rs.99.39 |
|
Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
66 |
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.