MIRA INFORM REPORT
|
Report No. : |
311373 |
|
Report Date : |
10.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
AT AND S INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12/A, Industrial Area, Nanjangud, Mysore - 571301, Karnataka |
|
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|
Country : |
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|
|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.05.1988 |
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|
|
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Com. Reg. No.: |
08-025863 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs.391.130
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1988PTC025863 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA05803A |
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|
|
PAN No.: [Permanent Account No.] |
AAECA2930J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is engaged in manufacturing and selling of printed circuit boards (PCBs). |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
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 |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. The company has incurred a huge accumulated loss which has eroded the networth
of the company. However, Business is active. Payment terms are slow. The company can be considered for business dealing on 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2014.
LOCATIONS
|
Registered Office/ Factory : |
12/A, Industrial Area, Nanjangud, Mysore - 571301, Karnataka, India |
|
Tel. No.: |
91-8221-304000 |
|
Fax No.: |
91-8221-228570/8221/228572 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office : |
Nanjan, 1015, Naurang House, 21, Kasturba Gandhi Marg, New
Delhi-110001, India |
|
|
|
|
Manufacturing
facility : |
Located at
|
DIRECTORS
As on 08.08.2014
|
Name : |
Amit Kumar Roy |
|
Designation : |
Managing director |
|
Address : |
Tagore Hall, Ground Floor, 14 A, Gurusaday Road, Kolkata – 700019,
West Bengal, India |
|
Date of Birth/Age : |
26.09.1967 |
|
Date of Appointment : |
02.06.2014 |
|
Din No.: |
02211685 |
|
|
|
|
Name : |
Mr. Gunter Hermann Weiss |
|
Designation : |
Managing director |
|
Address : |
TE1CH Sidng 9, 8792 Stpeter 8792, Austria |
|
Date of Birth/Age : |
26.03.1966 |
|
Date of Appointment : |
01.02.2013 |
|
Date of cessation : |
15.09.2014 |
|
Din No.: |
06515939 |
|
|
|
|
Name : |
Mr. Heinz Moitzi |
|
Designation : |
Director |
|
Address : |
8740, Zeltweg, Austria |
|
Date of Birth/Age : |
05.07.1956 |
|
Date of Appointment : |
03.11.2004 |
|
Din No.: |
00323506 |
|
|
|
|
Name : |
Mr. Christian Fleck |
|
Designation : |
Additional director |
|
Address : |
Mercedessiedlungs, Niklasdorf, 8712, Austria |
|
Date of Birth/Age : |
14.03.1965 |
|
Date of Appointment : |
29.07.2013 |
|
Din No.: |
06558079 |
|
|
|
|
Name : |
Mr. Reinhard Killer |
|
Designation : |
Additional director |
|
Address : |
Kuhberg 30, A 3411, Hensberg 3411, Austria |
|
Date of Birth/Age : |
24.09.1970 |
|
Date of Appointment : |
29.07.2013 |
|
Din No.: |
06558093 |
KEY EXECUTIVES
|
Name : |
Kiran Mysore Cheluvaraju |
|
Designation : |
Secretary |
|
Address : |
25, D Block, Mahadeshwara Extension, Mysore – 570016, Karnataka, India
|
|
Date of Birth/Age : |
01.11.1985 |
|
Date of Appointment : |
16.07.2014 |
|
PAN No : |
BRFPK2228F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 08.08.2014
|
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 |
Equity Share Break up (Percentage of Total Equity)
As on 08.08.2014
|
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 |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in manufacturing and selling of printed circuit boards (PCBs). |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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|
|
|
Customers : |
Not Available |
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|
|
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Punjab National Bank, Devaraj URS Road, Mysore-570001, Karnataka, India |
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|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Price Water House and Company Chartered Accountants |
|
Address : |
5th Floor, Millenia Tower, "D", Myrphy Road, Ulsoor, Bangalore, Karnataka, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFP0187A |
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Fellow
Subsidiaries: |
|
|
|
|
|
Holding Company: |
Austria Technologie and Systemtechnik AG, |
CAPITAL STRUCTURE
AS ON 08.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15,000,000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
2,500,000 |
1% Cumulative Redeemable 'Preference Shares |
Rs.100/- each |
Rs.250.000 Millions |
|
|
TOTAL
|
|
Rs.400.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14,112,500 |
Equity Shares |
Rs.10/- each
|
Rs.141.125
Million |
|
2,500,000 |
1% Cumulative Redeemable Preference |
Rs.100/- each |
Rs.250.000
Million |
|
|
Total |
|
Rs.391.125 Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
15,000,000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
2,500,000 |
1% Cumulative Redeemable 'Preference Shares |
Rs.100/- each |
Rs.250.000 Million |
|
|
TOTAL
|
|
Rs.400.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14,112,500 |
Equity Shares |
Rs.10/- each
|
Rs.141.130
Million |
|
2,500,000 |
1% Cumulative Redeemable Preference |
Rs.100/- each |
Rs.250.000
Million |
|
|
Total |
|
Rs.391.130 Million |
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 |
391.130 |
391.130 |
391.130 |
|
(b) Reserves & Surplus |
(911.200) |
(760.880) |
(555.270) |
|
(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) |
(520.070) |
(369.750) |
(164.140) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2465.080 |
1980.120 |
2029.850 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
17.140 |
15.470 |
7.730 |
|
Total Non-current
Liabilities (3) |
2482.220 |
1995.590 |
2037.580 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
548.480 |
480.300 |
462.120 |
|
(c) Other
current liabilities |
168.550 |
688.860 |
786.340 |
|
(d) Short-term
provisions |
31.530 |
12.560 |
14.680 |
|
Total Current
Liabilities (4) |
748.560 |
1181.720 |
1263.140 |
|
|
|
|
|
|
TOTAL |
2710.710 |
2807.560 |
3136.580 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1434.370 |
1633.110 |
1863.190 |
|
(ii)
Intangible Assets |
4.920 |
5.210 |
6.010 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
42.300 |
10.170 |
2.740 |
|
(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 |
104.650 |
72.380 |
17.200 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1586.240 |
1720.870 |
1889.140 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.390 |
|
(b)
Inventories |
647.780 |
514.510 |
515.700 |
|
(c) Trade
receivables |
165.130 |
57.460 |
44.520 |
|
(d) Cash
and cash equivalents |
11.860 |
6.430 |
24.150 |
|
(e)
Short-term loans and advances |
299.700 |
503.990 |
662.680 |
|
(f) Other
current assets |
0.000 |
4.300 |
0.000 |
|
Total
Current Assets |
1124.470 |
1086.690 |
1247.440 |
|
|
|
|
|
|
TOTAL |
2710.710 |
2807.560 |
3136.580 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
4180.000 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
4180.000 |
3225.000 |
3094.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
3955.000 |
3020.000 |
3308.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
225.000 |
205.000 |
(214.000) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(150.000) |
(206.000) |
(634.000) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
FOB
Value of Exports |
3499.840 |
2628.560 |
2312.110 |
|
|
|
Warranty / Rework Credits |
0.000 |
0.000 |
42.730 |
|
|
|
Design
services |
15.870 |
12.890 |
13.660 |
|
|
|
Order
handling services |
0.730 |
0.310 |
6.450 |
|
|
TOTAL EARNINGS |
3516.440 |
2641.76 |
2374.950 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1618.860 |
1334.260 |
1104.520 |
|
|
|
Stores & Spares |
125.940 |
NA |
545.690 |
|
|
|
Capital Goods |
46.270 |
NA |
13.270 |
|
|
TOTAL IMPORTS |
1791.070 |
NA |
1663.480 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(9.03) |
(12.40) |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
(4.74) |
(5.36) |
(12.37) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
0.92 |
0.99 |
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 |
391.130 |
391.130 |
391.130 |
|
Reserves & Surplus |
(555.270) |
(760.880) |
(911.200) |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(164.140) |
(369.750) |
(520.070) |
|
|
|
|
|
|
long-term borrowings |
2029.850 |
1980.120 |
2465.080 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
2029.850 |
1980.120 |
2465.080 |
|
Debt/Equity ratio |
(12.367) |
(5.355) |
(4.740) |
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 |
3094.000 |
3225.000 |
4180.000 |
|
|
|
4.234 |
29.612 |
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 |
3094.000 |
3225.000 |
4180.000 |
|
Profit/Loss |
(634.000) |
(206.000) |
(150.000) |
|
|
(20.49%) |
(6.39%) |
(3.59%) |
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] |
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 |
PERFORMANCE REVIEW
The revenue increased by 28.91% compared to the last year. The volume registered an increase of 13.26% from 337,425 Sq. Mts. of PCBs in 2012-13 to 382,165 Sq. Mts. in 2013-14. Profit before depreciation, interest and tax has increased to Rs. 225 Mio. The Company has registered a net loss (Profit after Tax) of Rs. 150 Million as on 31 st March, 2014.
OPERATIONS
During the year, the company produced 382,165 Sq. Mts of Printed Circuit Boards which is 13.26% more than 2012-13 production.
BUSINESS OUTLOOK
Continued increase in production order and various initiatives taken from Local Board of Management and sales team have resulted in increased loading situation since the beginning of the financial year. Continuous implementation of various actions contributed in reduction of cost. Local board of management took many initiatives to continue the stabilized production and reduction in maintenance cost. Subject to the developments in the market, forecast and plan for next 2 years backed with strong customer base, increased revenue, and better cash flow, your company is confident of turning into profit.
GENERAL INFORMATION
The company is part of the AT&S Group of Austria. The Company is engaged in the manufacture and sale of printed circuit boards (PCBs) from its manufacturing facility located at Nanjangud, Mysore and Karnataka.
SEGMENT
REPORTING
The Company’s operations relate only to manufacture and sale of printed circuit boards (PCBs). The Company sells PCBs and also exports them to various countries. Accordingly, secondary segment reporting has been confined to sales in India (comprising Austria, France, Germany and Italy), the United States of America (USA) and Australasia (comprising Australia, Singapore, Taiwan and China).
Fixed assets used in the Company’s business and liabilities contracted are not identifiable in line with the following reportable fixed assets and liabilities contracted are used interchangeably between the segments. Accordingly, except for inventory of sundry debtors no disclosures relating to other segment assets and liabilities have been made.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
2465.080 |
1980.120 |
|
Total |
2465.080 |
1980.120 |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Computer software
- Goodwill
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.62.62 |
|
|
1 |
Rs.94.39 |
|
Euro |
1 |
Rs.67.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
13 |
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.