MIRA INFORM REPORT
|
Report No. : |
322464 |
|
Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
AT AND S INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12A, Industrial Area, Nanjangud, Mysore – 571301, Karnataka |
|
Tel. No.: |
91-8221-304000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.05.1988 |
|
|
|
|
Com. Reg. No.: |
025863 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.391.130 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1988PTC025863 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The
Company is engaged in the manufacturing Printed Circuit Boards (PCBs). |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
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 |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company is continuously making loss from its operations. Moreover,
it has huge accumulated losses which have eroded the networth of the company.
Furthermore, the company has taken huge external borrowings to finance its
operations which may act as a threat to its liquidity position. However, business is active as per status shown in the registrar of
companies. Payment terms are unknown. The company can be considered for business dealings on a 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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.
Subject’s name has been found enlisted as a
defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’
list as of 31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Abhishek |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-9871448777 |
|
Date : |
16.05.2015 |
LOCATIONS
|
Registered Office / Factory: |
12A, Industrial Area, Nanjangud, Mysore – 571301, Karnataka, India |
|
Tel. No.: |
91-8221-304000 |
|
Mobile No.: |
91-9871448777 (Mr. Abhishek) |
|
Fax No.: |
91-8221-228572 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 08.08.2014
|
Name : |
Heinz Moitzi |
|
Designation : |
Director |
|
Address : |
Bundesstrasse 26, Zeltweg, 8740, Austria |
|
Date of Birth/Age : |
05.07.1956 |
|
Date of Appointment : |
03.11.2004 |
|
DIN No.: |
00323506 |
|
|
|
|
Name : |
Amit Kumar Roy |
|
Designation : |
Managing director |
|
Address : |
Tagore Hall, Ground Floor, 14A Gurusaday Road, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
26.09.1967 |
|
Date of Appointment : |
02.06.2014 |
|
DIN No.: |
02211685 |
|
|
|
|
Name : |
Christian Fleck |
|
Designation : |
Director |
|
Address : |
Mercedessiedlung 5, 8712 Niklasdorf, Niklasdorf, 8712, , Austria |
|
Date of Birth/Age : |
14.03.1965 |
|
Date of Appointment : |
21.03.2013 |
|
DIN No.: |
06558079 |
|
|
|
|
Name : |
Reinhard Killer |
|
Designation : |
Director |
|
Address : |
Kuhberg 30, 8411 Hengsberg, Kuhberg, 8411, Austria |
|
Date of Birth/Age : |
24.09.1970 |
|
Date of Appointment : |
21.03.2013 |
|
DIN No.: |
06558093 |
|
|
|
|
Name : |
Robert Grobbauer |
|
Designation : |
Managing director |
|
Address : |
No 903 Brigade Horizon Near Gopala Gowda, Nursing Home Chamundi Vihar Complex, Mysore - 570001, Karnataka, India |
|
Date of Appointment : |
17.09.2014 |
|
DIN No.: |
06974778 |
KEY EXECUTIVES
|
Name : |
Amit Kumar Roy |
|
Designation : |
CFO |
|
Address : |
Tagore Hall, Ground Floor, 14a Gurusaday Road, Kolkata - 700019, West Bengal, India |
|
Date of Birth/Age : |
26.09.1967 |
|
Date of Appointment : |
02.06.2014 |
|
PAN No.: |
ADIPR9816J |
|
|
|
|
Name : |
Mr. Abhishek |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 08.08.2014
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Austria Technologie and Systemtechnik AG, Austria |
|
14112499 |
|
Amit Kumar Roy |
|
1 |
|
Total |
|
14112500 |
|
|
|
|
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Austria Technologie and Systemtechnik AG, Austria |
|
2500000 |
|
|
|
|
|
Total |
|
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 the manufacturing Printed Circuit Boards (PCBs). |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
|
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|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse 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 |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company: |
Austria Technologie and Systemtechnik AG |
|
|
|
|
Fellow subsidiaries
: |
|
CAPITAL STRUCTURE
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 |
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 |
Preference Shares |
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 |
|
|
|
|
|
Income |
4180.000 |
|
3094.000 |
|
|
Other Income |
|
|
|
|
|
TOTAL |
4180.000 |
3225.000 |
3094.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
3955.000 |
3020.000 |
3308.000 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
225.000 |
205.000 |
(214.000) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(150.000) |
(206.000) |
(634.000) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3516.000 |
2642.000 |
2375.000 |
|
|
TOTAL EARNINGS |
3516.000 |
2642.000 |
2375.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(9.03) |
-- |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
95.370 |
29.450 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(3.59) |
(6.39) |
(20.49) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.38 |
6.36 |
(6.92) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(4.74) |
(5.61) |
(12.55) |
|
|
|
|
|
|
|
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 |
|
Current Maturities of
Long Term Debt |
29.450 |
95.370 |
0.000 |
|
Total borrowings |
2059.300 |
1980.120 |
2465.080 |
|
Debt/Equity ratio |
(12.546) |
(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) |
|
Total Income |
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) |
|
Total Income |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other Loans and Advances |
2465.080 |
1980.120 |
|
|
|
|
|
Total |
2465.080 |
1980.120 |
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.
GENERAL INFORMATION
The company is part of the AT&S Group of Austria. The Company is engaged in the manufacture printed circuit boards (PCBs) from its manufacturing facility located at Nanjangud, Mysore, Karnataka.
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, the company is confident of turning into profit.
FIXED ASSETS
- Building
- Plant and Machinery
- Computers and Office Equipment
- Furniture and Fixtures
- Motor Vehicles
- Computer Software
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.63.55 |
|
|
1 |
Rs.99.86 |
|
Euro |
1 |
Rs.72.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--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 |
|
15 |
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.