MIRA INFORM REPORT
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Report No. : |
314349 |
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Report Date : |
28.03.2015 |
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Tel. No.: |
91 832 6685200 |
IDENTIFICATION DETAILS
|
Name : |
andrew telecommunicationS India private
LIMITED |
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Registered
Office : |
Plot No. N-2, Phase IV, Verna Industrial Estate, Verna Salcette –
403511, Goa |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
09.10.1997 |
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Com. Reg. No.: |
24-002452 |
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Capital
Investment / Paid-up Capital : |
Rs. 49.404 Millions |
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CIN No.: [Company Identification
No.] |
U32204GA1997PTC002452 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA04908B |
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PAN No.: [Permanent Account No.] |
AABCA8820A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Telecommunication Equipments. |
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No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The company has processed above average operational performance which
has resulted into profit achieved from its operational activities during 2014
and it has fair liquidity profile. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered 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.
EXTERNAL AGENCY RATING
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.
INFORMATION PARTED BY
|
Name : |
Mr. Mukul Alve |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-832-6685142 |
|
Date : |
25.03.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. N-2, Phase IV, Verna Industrial Estate, Verna Salcette –
403511, Goa, India |
|
Tel. No.: |
91-832-6685200/ 201/ 202/ 2407303/ 6685107 |
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Fax No.: |
91-832-6685025/ 6685104/ 6685107/ 6685210 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Antonio Augusto Do Rego |
|
Designation : |
Managing director |
|
Address : |
Apartment 145/155, Casa Del SOL, Opposite Marriott, Beach Resort,
Miramar Panjim – 403001, Goa, India |
|
Date of Birth/Age : |
24.09.1960 |
|
Qualification : |
B.E. (Electrical Engg.) |
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Date of Appointment : |
20.11.2007 |
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PAN No.: |
AAPPD3860N |
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DIN No.: |
01895508 |
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|
|
Name : |
Mr. Daniel John Hartnett |
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Designation : |
Director |
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Address : |
110 South |
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Date of Birth/Age : |
16.10.1955 |
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Date of Appointment : |
10.11.1998 |
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DIN No.: |
00438363 |
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|
Name : |
Mr. Michael David Coppin |
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Designation : |
Director |
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Address : |
1546, Withers Dr. Denver NC 28037-5466 USA |
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Date of Birth/Age : |
26.09.1964 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
02135137 |
KEY EXECUTIVES
|
Name : |
Mr. Mukul Alve |
|
Designation : |
Accounts Manager |
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|
|
Name : |
Navin Vohra |
|
Designation : |
Vice President Wireless Sales, APAC and India |
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Date of Birth/Age : |
47 Years |
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Qualification : |
MBA, B.E. in Electronics and Communication |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Andrew |
|
4940431 |
|
|
|
1 |
|
|
|
|
|
Total |
|
4940432 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
100.00 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Telecommunication Equipments. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Telecommunication Equipments |
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Countries : |
· US · European Countries · Asian Countries |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· China · Europe |
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Terms : |
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Selling : |
Cash and Credit [30 Days, 60 Days and 90 Days] |
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Purchasing : |
Cash and Credit [30 Days, 60 Days and 90 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
· Nokia |
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No. of Employees : |
2000 (Approximately) |
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Bankers : |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S.R. Batliboi and Company LLP Chartered Accountants |
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Address : |
12th, 14th, 15th, 16th Floor, The Ruby, 29 Senapati Bapat
Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9180N |
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Holding company
: |
Andrew LLC, U.S.A. |
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Ultimate Holding
company : |
CommScope Holding Co. Inc. |
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Fellow
Subsidiary company : |
· Andrew LLC, Warren · Andrew AG (Switzerland) · Andrew Espana S A Spain · Andrew International Corporation, Hong Kong Branch · Andrew Japan (KK) · Andrew LLC, Taiwan Branch · Andrew Limited (UK) · Andrew Telecommunication Systems (Singapore) Pte Limited · Andrew Telecommunications (China) Co. Limited · Andrew Telecommunications S.R.O (Czech Republic) · Andrew Wireless Newton, NC · Andrew Wireless Solutions Africa · Andrew Wireless Systems GmbH, Germany · Argus Technologies China Limited · Commscope Solutions (India) Private Limited [U32106KA2004PTC035235] · CommScope (Suzhou) Trading Co. Limited · CommScope Asia Suzhou Technologies Co. Limited, China · CommScope Cobos Do Brazil Ltda · CommScope Inc. of North Carolina, U.S.A. · CommScope Solutions Singapore Pte Ltd · Commscope Australia Pty Limited · Commscope Canada Inc · Commscope Czech Republic SRO · Commscope EMEA Limited, Ireland · Commscope International Corporation, Hong Kong Branch · Commscope Italy Srl · Commscope Netherlands BV · Commscope Solutions Int'l Inc, UAE · Commscope Technologies (Hong Kong) Limited · Forem (Shenzhen) Co., Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
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|
4,940,432 |
Equity Shares |
Rs. 10/- each |
Rs. 49.404 Millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
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|
|
|
(a) Share Capital |
49.404 |
49.404 |
49.404 |
|
(b) Reserves & Surplus |
1971.955 |
1855.774 |
2206.464 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
2021.359 |
1905.178 |
2255.868 |
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1199.240 |
1199.240 |
1199.240 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
1199.240 |
1199.240 |
1199.240 |
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(4) Current Liabilities |
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|
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(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1825.570 |
1071.166 |
1112.546 |
|
(c)
Other current liabilities |
302.801 |
100.605 |
89.157 |
|
(d)
Short-term provisions |
18.830 |
15.100 |
10.296 |
|
Total
Current Liabilities (4) |
2147.201 |
1186.871 |
1211.999 |
|
|
|
|
|
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TOTAL |
5367.800 |
4291.289 |
4667.107 |
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
|
|
|
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(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
558.651 |
517.352 |
721.652 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
14.200 |
15.525 |
6.518 |
|
(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 |
742.318 |
700.761 |
607.668 |
|
(e)
Other Non-current assets |
0.943 |
12.789 |
6.345 |
|
Total
Non-Current Assets |
1316.112 |
1246.427 |
1342.183 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
887.525 |
841.069 |
861.958 |
|
(c)
Trade receivables |
2048.358 |
846.171 |
775.023 |
|
(d)
Cash and cash equivalents |
226.371 |
756.030 |
1269.633 |
|
(e)
Short-term loans and advances |
783.377 |
555.971 |
385.909 |
|
(f)
Other current assets |
106.057 |
45.621 |
32.401 |
|
Total
Current Assets |
4051.688 |
3044.862 |
3324.924 |
|
|
|
|
|
|
TOTAL |
5367.800 |
4291.289 |
4667.107 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
6308.658 |
4484.463 |
4252.708 |
|
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Less |
EXPENSES |
|
|
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|
|
|
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TOTAL |
6041.700 |
4709.965 |
4245.019 |
|
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PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
266.958 |
(225.502) |
7.689 |
|
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|
|
|
|
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|
Less/ Add |
DEPRECIATION/ AMORTISATION |
98.154 |
123.730 |
180.141 |
|
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|
PROFIT/ (LOSS)
BEFORE TAX |
168.804 |
(349.232) |
(172.452) |
|
|
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|
|
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Less |
TAX |
51.590 |
0.000 |
1.795 |
|
|
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|
PROFIT/ (LOSS)
AFTER TAX |
117.214 |
(349.232) |
(174.247) |
|
|
|
|
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|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
383.773 |
733.005 |
907.252 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
500.987 |
383.773 |
733.005 |
|
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|
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|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
2324.029 |
1239.325 |
933.419 |
|
|
|
Agency Commission |
8.329 |
2.015 |
9.127 |
|
|
|
Sale of Services |
130.116 |
76.075 |
23.167 |
|
|
TOTAL EARNINGS |
2462.474 |
1317.415 |
965.713 |
|
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|
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|
|
|
|
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|
Earnings/ (Loss)
Per Share (Rs.) |
13.44 |
(20.62) |
(10.29) |
|
Expected Sales (2014-2015): Rs. 7200.000 Millions
The above information has been parted by Mr. Mukul Alve [Accounts
Manager]
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.15 |
(8.17) |
(3.70) |
|
|
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
(0.18) |
(0.08) |
|
|
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|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.59 |
0.63 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.89 |
2.57 |
2.74 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
49.404 |
49.404 |
49.404 |
|
Reserves & Surplus |
2206.464 |
1855.774 |
1971.955 |
|
Net
worth |
2255.868 |
1905.178 |
2021.359 |
|
|
|
|
|
|
Long-term borrowings |
1199.240 |
1199.240 |
1199.240 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
1199.240 |
1199.240 |
1199.240 |
|
Debt/Equity ratio |
0.532 |
0.629 |
0.593 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
4252.708 |
4484.463 |
6308.658 |
|
|
|
5.450 |
40.678 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
4252.708 |
4484.463 |
6308.658 |
|
Profit/ (Loss) |
(174.247) |
(349.232) |
117.214 |
|
|
(4.10%) |
(7.79%) |
1.86% |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION
DETAILS
|
Reg. No. :- TXA
/ 5 / 2009 |
Stamp No. :- STM
/ 844 / 2009 |
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|
Case Status : |
Pending (Final
Hearing) |
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|
Petitioner : |
THE COMMISSIONER OF INCOME TAX |
||||
|
Respondent : |
ANDREW TELECOMMUNICATIONS INDIA PVT LTD |
||||
|
Petitoner Adv. : |
MR. S.R. RIVONKAR |
||||
|
District : |
North Goa |
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|
Bench : |
Division |
||||
|
Act : |
Income Tax Act,
1961 |
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|
Category : |
Tax Appeal |
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|
Case Stage : |
FOR FINAL
HEARING |
||||
|
Hearing Date : |
18 January 2010 |
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|
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|
||||
This Case is updated on : 26 May 2014 |
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CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Debentures |
1199.240 |
1199.240 |
|
|
|
|
|
Total |
1199.240 |
1199.240 |
BACKGROUND
Andrew Telecommunications India Private Limited ("the Company" or "Andrew") is registered in India as a wholly-owned subsidiary company of Andrew LLC, U.S.A. (formerly known as Andrew Corporation, U.S.A.); the ultimate holding company being CommScope Holding Co. Inc. (effective 14 January 2011 and CommScope Inc prior to such date)
CommScope or formerly Andrew group is engaged in providing telecommunication solutions. CommScope Group is the foremost global supplier of one-stop, end-to-end radio frequency subsystem solutions. The group designs, manufactures and delivers complete solutions for wireless infrastructure, including top-of-the-tower base station antennas to cable systems, radio frequency site solutions, signal distribution and network optimization solutions. Andrew Telecommunication India Private Limited is primarily engaged in the business of providing complete solutions to customers in the telecommunication industry. The Company supplies telecommunication products such as co-axial cables, base station antennas, micro-wave antennas and similar allied products to its customers as a single complete solution and the solution may include such products which may be manufactured from raw materials or imported as finished goods, depending on the requirement of the end customers and enterprise products which include copper cable, copper apparatus, copper patch cords, fiber cable and fiber apparatus A premises connectivity system, or distribution system, allows telephones, computers, control systems and other devices such as video surveillance cameras to communicate with each other. The Company also provides information technology support services and sales services to entities within the organization located outside India.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
In respect of sales tax and entry tax matter |
228.709 |
202.052 |
|
In respect of direct tax matters |
213.847 |
189.955 |
|
In respect of excise matters |
12.488 |
0.000 |
|
|
|
|
|
Total |
455.044 |
392.007 |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· Leasehold improvements
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 records 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. 62.61 |
|
|
1 |
Rs. 92.95 |
|
Euro |
1 |
Rs. 68.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
45 |
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 |
-- |