MIRA INFORM REPORT
|
Report No. : |
352642 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMPHENOL INTERCONNECT INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No.105, Post Box No.1, Bhosari Industrial Area, Bhosari, Pune –
411026, Maharashtra |
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Tel. No.: |
91-20-30688374 / 37360427 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
20.02.1970 |
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Com. Reg. No.: |
11-014544 |
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Capital
Investment / Paid-up Capital : |
Rs.7.040 Million |
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CIN No.: [Company Identification
No.] |
U32109MH1970PTC014544 |
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IEC No.: |
0388081554 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
PNEA06007B |
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PAN No.: [Permanent Account No.] |
AACCA3419J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Standard and Customized Specialized Connectors
which is used in military aerospace and Industrial Operations. |
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No. of Employees
: |
1300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
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 |
|
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 company having fine track record. The rating reflects company’s healthy financial risk profile marked by
strong liquidity position along with zero debt balance sheet profile. The rating takes into consideration on company steady growing scale of
operations and maintaining decent profitability levels from its operating
activities. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Sandesh Karve |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-20-67360422 |
|
Date : |
30.11.2015 |
LOCATIONS
|
Registered Office/Factory/Marketing
Head Quarters / Export Business : |
Plot No.105, Post Box No.1, Bhosari Industrial Area, Bhosari, Pune –
411026, Maharashtra, India |
|
Tel. No.: |
91-20-30688374 |
|
Fax No.: |
91-20-27129158 |
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E-Mail : |
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Website : |
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Area : |
11 acre |
|
Location : |
Owned |
|
Locality : |
Industrial |
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Regional Office : |
Located at:
|
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|
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Factory 2 : |
Plot no 61, Keonics Electronics City, Hosur Road, Bangalore – 560 100, Karnataka, India |
|
Tel. No.: |
91-80-30283900, 28520178 (Shrikant Gramopadhye (Operations
Manager)) |
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Fax No.: |
91-80-28520418 |
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E-Mail : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Marco Philippus Ardeshir Wadia |
|
Designation : |
Alternate Director |
|
Address : |
Thakur House, 173, |
|
Date of Birth/Age : |
30.01.1956 |
|
Date of Appointment : |
18.05.2013 |
|
DIN No.: |
00244357 |
|
|
|
|
Name : |
Mr. Robert David John |
|
Designation : |
Whole Time Director |
|
Address : |
B-309/409, |
|
Experience : |
07.08.1958 |
|
Date of Appointment : |
09.06.2001 |
|
DIN No.: |
01820635 |
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|
|
|
Name : |
Mr. Richard Adam Norwitt |
|
Designation : |
Additional Director |
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Address : |
34, |
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Date of Birth/Age : |
17.06.1969 |
|
Date of Appointment : |
28.09.2010 |
|
DIN No.: |
02107531 |
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|
|
|
Name : |
Mr. Luc Walter |
|
Designation : |
Director |
|
Address : |
19, Ruc Jacques Hillairet, |
|
Experience : |
29.05.1958 |
|
Date of Appointment : |
20.06.2005 |
|
DIN No.: |
02936682 |
KEY EXECUTIVES
|
Name : |
Mr. Sandesh Karve |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Amphenol Corporation United States of America |
28160 |
40.00 |
|
LPL Technologies Holding Gmbh, Germany |
42240 |
60.00 |
|
Total |
70400 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
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 Exporter of Standard and Customized Specialized
Connectors which is used in military aerospace and Industrial
Operations. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cheque and Credit (30 Days) |
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Purchasing : |
Cheque and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
1300 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
706, 'B' Wing, 7th Floor, ICC Trade Tower, International Convention Centre, Senapati Bapat Road, Pune – 411016,Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
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Ultimate Holding Company : |
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Common Control
Entities (List of Companies with whom there were transactions during the
year): |
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CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs.7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
|
|
70400 |
Equity Shares |
Rs.100/- each |
Rs. 7.040 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.040 |
7.040 |
7.040 |
|
(b) Reserves &
Surplus |
2153.968 |
1862.321 |
1646.264 |
|
(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) |
2161.008 |
1869.361 |
1653.304 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
16.285 |
17.813 |
20.656 |
|
(c) Other long term
liabilities |
271.717 |
340.614 |
261.688 |
|
(d) long-term provisions |
35.559 |
27.728 |
20.670 |
|
Total Non-current
Liabilities (3) |
323.561 |
386.155 |
303.014 |
|
|
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
378.622 |
391.501 |
331.463 |
|
(c) Other current
liabilities |
129.888 |
100.931 |
149.726 |
|
(d) Short-term provisions |
265.517 |
243.467 |
232.564 |
|
Total Current Liabilities
(4) |
774.027 |
735.899 |
713.753 |
|
|
|
|
|
|
TOTAL |
3258.596 |
2991.415 |
2670.071 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
704.912 |
692.918 |
593.432 |
|
(ii) Intangible Assets |
3.807 |
4.181 |
3.535 |
|
(iii) Capital
work-in-progress |
10.723 |
13.798 |
84.358 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.003 |
0.003 |
0.003 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
87.134 |
97.036 |
106.947 |
|
(e) Other Non-current
assets |
91.260 |
83.967 |
71.324 |
|
Total Non-Current Assets |
897.839 |
891.903 |
859.599 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
804.191 |
725.803 |
636.458 |
|
(c) Trade receivables |
857.057 |
624.502 |
608.313 |
|
(d) Cash and cash
equivalents |
410.005 |
520.937 |
368.280 |
|
(e) Short-term loans and
advances |
287.642 |
226.744 |
193.980 |
|
(f) Other current assets |
1.862 |
1.526 |
3.441 |
|
Total Current Assets |
2360.757 |
2099.512 |
1810.472 |
|
|
|
|
|
|
TOTAL |
3258.596 |
2991.415 |
2670.071 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
3357.590 |
2739.940 |
2632.190 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
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|
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|
|
|
EXPENSES |
NA |
NA |
NA |
|
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|
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|
|
|
PROFIT/ (LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
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|
|
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
555.213 |
446.670 |
464.300 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1491.454 |
1320.065 |
1131.300 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
55.522 |
44.668 |
46.430 |
|
|
Dividend Proposed to Equity share Holder @ Rs. 3200/- per share |
225.280 |
197.120 |
197.120 |
|
|
Tax on Proposed Dividend |
38.286 |
33.501 |
31.978 |
|
|
Total (M) |
319.088 |
275.289 |
275.528 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S
(J+K+L-M) |
1727.579 |
1491.454 |
1320.072 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
2282.990 |
1895.270 |
1570.350 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
7886.51 |
6344.74 |
6595.17 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
4130.000 |
|
|
|
|
|
Expected Sales (2015-2016) : Rs.4500.000 Million
The above information has been parted by Mr. Sandesh Karve (Finance
Manager).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
508.096 |
709.392 |
819.637 |
|
Net cash flow from operating activity |
209.878 |
504.960 |
589.161 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
16.54 |
16.30 |
17.64 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.05 |
2.85 |
2.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
7.040 |
7.040 |
7.040 |
|
Reserves & Surplus |
1646.264 |
1862.321 |
2153.968 |
|
Net
worth |
1653.304 |
1869.361 |
2161.008 |
|
|
|
|
|
|
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 |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2632.190 |
2739.940 |
3357.590 |
|
|
|
4.094 |
22.542 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2632.190 |
2739.940 |
3357.590 |
|
Profit |
464.300 |
446.670 |
555.213 |
|
|
17.64% |
16.30% |
16.54% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATIONS
The Company’s turnover for the year ended March 31, 2014 is Rs.3357.590 million and for year ended on March 31, 2013 was Rs. 2739.940 million.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90090769 |
21/05/2012 * |
665,000,000.00 |
State Bank of Travancore |
1248-A Asmani Plaza,, FC Road, Deccan Gymkhana, Pune, Maharashtra -
411004, INDIA |
B40469116 |
|
2 |
90089542 |
22/07/1991 * |
12,500,000.00 |
STATE BANK OF INDIA |
PIMPRI BRANCH, POST BOG NO .1, PUNE, Maharashtra |
- |
|
3 |
90089477 |
21/06/1989 |
10,754,000.00 |
STATE BANK OF INDIA |
PIMPRI BRANCH, PUNE, Maharashtra - 411034, INDIA |
- |
|
4 |
90089455 |
25/03/1989 |
22,500,000.00 |
STATE BANK OF INDIDA |
PIMPRI BRANCH, PUNE, Maharashtra - 411034, INDIA |
- |
|
5 |
90089436 |
24/01/1989 * |
4,500,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CORPORATION O |
163 ; BACKBAY RECLAMATION, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
6 |
90089434 |
22/02/1990 * |
4,500,000.00 |
THE INDUSTRIAL CREDIT AND INVESTMENT CORPORATION O |
163 ; BACKBAY RECLAMATION, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
7 |
90089421 |
03/10/1988 |
6,057,000.00 |
STATE BANK OF INDIA |
PIMPRI BRANCH, PUNE, Maharashtra - 411034, INDIA |
- |
|
8 |
90089401 |
14/06/1988 |
242,000.00 |
STATE BANK OF INDIA |
PIMPRI BRANCH, PUNE, Maharashtra - 411034, INDIA |
- |
|
9 |
90089391 |
29/03/1988 |
12,500,000.00 |
STATE BANK OF INDIA |
PIMPRI BRANCH, PUNE, Maharashtra - 411034, INDIA |
- |
|
10 |
90089371 |
26/11/1987 |
961,600.00 |
STATE BANK OF INDIDA |
PIMPRI BRANCH, PUNE, Maharashtra - 411034, INDIA |
- |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Income Tax Demand disputed in appeal for* |
22.006 |
20.469 |
|
Sales Tax Demand disputed in appeal* |
8.398 |
0.000 |
|
Excise demand disputed in appeal |
0.340 |
0.000 |
|
Differencial sales tax liability |
0.000 |
1.200 |
FIXED ASSETS
- Land
- Buildings
- Office building
- Plant and equipment
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Other equipments
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.66.81 |
|
|
1 |
Rs.100.36 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.