MIRA
INFORM REPORT
|
Report Date : |
20.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
NUMALIGARH REFINERY LIMITED |
|
|
|
|
Registered
Office : |
122A, G. S. Road, Christianbasti,
Guwahati – 781005, Assam |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
22.04.1993 |
|
|
|
|
Com. Reg. No.: |
02-003893 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7356.315 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U11202AS1993GOI003893 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SHLN00422C SHLN00230G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN6984B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Petroleum Products.
|
|
|
|
|
No. of Employees
: |
817 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (68) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
Maximum Credit Limit : |
USD 100000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed union government company. It
is managed by well experienced and eminent professionals from oil companies and
Government of India. Their employees are also from deputed from BPCL. Trade relations are reported to be fair. Business is active. Payments
are regular and as per commitments. The company can be considered 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 |
CRISIL |
|
Rating |
LONG TERM RATING : CRISIL AAA - |
|
Rating Explanation |
Having highest degree of safety regarding timely servicing of
financial obligation it carry lowest credit risk. |
|
Date |
March, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
SHORT TERM RATING : CRISIL A1+ |
|
Rating Explanation |
Having very strong degree of safety regarding timely payment of
financial obligation it carry lowest credit risk. |
|
Date |
March, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
122A, G. S. Road, Christianbasti,
Guwahati – 781005, Assam, India |
|
Tel. No.: |
91-361-2203147 |
|
Fax No.: |
91-361-2203152 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 09.09.2011
|
Name : |
Mr. Raj Kishore
Singh |
|
Designation : |
Director |
|
Address : |
Bungalow – 1 BPCL Staff Colony, Aziz Baug, Chembur, Mumbai – 400074,
Maharashtra, India |
|
Date of Birth/Age : |
17.09.1953 |
|
Date of Appointment : |
04.04.2006 |
|
DIN No.: |
00071024 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current designation
of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
L23220MH1952GOI008931 |
BHARAT PETROLEUM
CORPORATION LIMITED |
Managing director |
09/12/2010 |
08/03/2006 |
- |
Active |
NO |
|
2 |
U11202AS1993GOI003893 |
NUMALIGARH REFINERY
LTD |
Director |
14/12/2010 |
04/04/2006 |
- |
Active |
NO |
|
3 |
U11101MP1994PLC008162 |
BHARAT OMAN REFINERIES
LTD |
Nominee director |
26/07/2006 |
26/07/2006 |
- |
Active |
NO |
|
4 |
U23209MH2006GOI165152 |
BHARAT
PETRORESOURCES LIMITED |
Nominee director |
17/10/2006 |
17/10/2006 |
- |
Active |
NO |
|
5 |
L74899DL1998PLC093073 |
PETRONET LNG LIMITED |
Nominee director |
30/06/2011 |
18/01/2011 |
- |
Active |
NO |
|
6 |
U74999UP2008PLC035469 |
BHARAT RENEWABLE
ENERGY LIMITED |
Nominee director |
01/09/2011 |
01/09/2011 |
- |
Active |
NO |
|
Name : |
Mr. Dipak Chakravarty |
|
Designation : |
Managing Director |
|
Address : |
House No.319A, Jilmil Path, Basistha Road, Guwahati –
781028, Assam, India |
|
Date of Birth/Age : |
01.04.1954 |
|
Qualification : |
B.E (Chemical Engineering) and MS (Chemical Engineering) |
|
Date of Appointment : |
04.08.2006 |
|
DIN No.: |
00630637 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current designation
of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U11202AS1993GOI003893 |
NUMALIGARH REFINERY
LTD |
Managing director |
01/04/2011 |
04/08/2006 |
- |
Active |
NO |
|
2 |
U51410AS2007SGC008410 |
DNP LIMITED |
Director |
11/12/2008 |
15/06/2007 |
11/01/2012 |
Active |
NO |
|
3 |
U11101AS2007GOI008290 |
Brahmaputra Cracker and Polymer
Limited |
Director |
29/07/2011 |
01/04/2011 |
- |
Active |
NO |
|
Name : |
Mr. Nilmoni Bhakta |
|
Designation : |
Whole-Time Director |
|
Address : |
Bungalow No.E-3, Numaligarh Refinery Township, Numaligarh, Golghat – 785699, Assam, India |
|
Date of Birth/Age : |
27.04.1953 |
|
Qualification : |
M. Com , AICWAI, PGDBM |
|
Date of Appointment : |
25.07.2007 |
|
DIN No.: |
00032138 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U11102PN2006PLC021839 |
MAHARASHTRA
NATURAL GAS LIMITED |
Nominee
director |
01/03/2006 |
01/03/2006 |
02/07/2007 |
Active |
NO |
|
2 |
U11202AS1993GOI003893 |
NUMALIGARH
REFINERY LTD |
Whole-time
director |
14/09/2007 |
25/07/2007 |
- |
Active |
NO |
|
3 |
U51410AS2007SGC008410 |
DNP
LIMITED |
Director
appointed in casual vacancy |
15/03/2012 |
15/03/2012 |
- |
Active |
NO |
|
Name : |
Mr. Jyoti Prasad Rajkhowa |
|
Designation : |
Director |
|
Address : |
Narikal Basti, 4th
By Lane, Mother Teresa Road, Guwahati – 781024,
Assam, India |
|
Date of Birth/Age : |
01.11.1944 |
|
Date of Appointment : |
26.07.2006 |
|
DIN No.: |
00469283 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U11202AS1993GOI003893 |
NUMALIGARH REFINERY
LTD |
Director |
22/09/2006 |
26/07/2006 |
- |
Active |
NO |
|
2 |
U40101ML1976GOI001658 |
NORTH EASTERN
ELECTRIC POWER CORPN LTD |
Director |
20/02/2008 |
20/02/2008 |
19/02/2011 |
Active |
NO |
|
Name : |
Mr. Himangshu Sekhar
Das |
|
Designation : |
Nominee Director |
|
Address : |
Senior IAS Officers Colony, Khanapara, Guwahati – 781022, Assam, India |
|
Date of Birth/Age : |
20.09.1955 |
|
Date of Appointment : |
29.08.2000 |
|
DIN No.: |
00397751 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current designation
of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U24111AS1994PLC004277 |
RELIANCE ASSAM PETROCHEMICALS
LTD |
Nominee director |
25/11/1998 |
25/11/1998 |
29/02/2008 |
Strike off |
NO |
|
2 |
U11202AS1993GOI003893 |
NUMALIGARH REFINERY
LTD |
Nominee director |
29/08/2000 |
29/08/2000 |
- |
Active |
NO |
|
3 |
U75112AS1965SGC001246 |
ASSAM INDUSTRIAL
DEVELOPMENT CORPORATION LIMITED |
Director |
21/01/2003 |
21/01/2003 |
18/07/2007 |
Active |
NO |
|
4 |
U11101AS2006SGC008235 |
ASSAM HYDRO- CARBON
& ENERGY COMPANY LIMITED |
Nominee director |
05/09/2006 |
05/09/2006 |
- |
Active |
|
Name : |
Mr. Krishan Kumar Gupta |
|
Designation : |
Additional Director |
|
Address : |
Bungalow – 5, BPCL Staff Colony, Aziz Baug, Chembur, Mumbai – 400074,
Maharashtra, India |
|
Date of Birth/Age : |
01.03.1956 |
|
Date of Appointment : |
13.04.2011 |
|
DIN No.: |
03476812 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current designation
of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
L23201DL1998PLC097614 |
INDRAPRASTHA GAS LIMITED |
Director |
01/08/2011 |
01/03/2011 |
- |
Active |
NO |
|
2 |
U40200GJ2006PLC048397 |
SABARMATI GAS
LIMITED |
Director |
29/09/2011 |
01/03/2011 |
- |
Active |
NO |
|
3 |
U11100DL2007PTC168158 |
BHARAT STARS
Services Private Limited |
Nominee director |
01/03/2011 |
01/03/2011 |
- |
Active |
NO |
|
4 |
L23220MH1952GOI008931 |
BHARAT PETROLEUM
CORPORATION LIMITED |
Whole-time director |
16/09/2011 |
31/03/2011 |
- |
Active |
NO |
|
5 |
U11202AS1993GOI003893 |
NUMALIGARH REFINERY
LTD |
Director |
09/09/2011 |
13/04/2011 |
- |
Active |
NO |
|
6 |
U74140DL2010PTC204275 |
BHARAT STARS
SERVICES(DELHI) PRIVATE LIMITED |
Nominee director |
01/09/2011 |
01/09/2011 |
- |
Active |
NO |
|
Name : |
Mr. Subba Rao Lalitha Venkata Surya Satya Vedula |
|
Designation : |
Additional Director |
|
Address : |
T-35 S/F, Hudco Place, Andrews Ganj, New Delhi – 110049, India |
|
Date of Birth/Age : |
09.06.1961 |
|
Date of Appointment : |
07.08.2012 |
|
DIN No.: |
02466537 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the Company/
LLP |
Current designation
of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
L15492WB1924GOI004835 |
BALMER LAWRIE AND
COMPANY LIMITED |
Nominee director |
24/09/2009 |
13/10/2008 |
- |
Active |
NO |
|
2 |
U11202AS1993GOI003893 |
NUMALIGARH REFINERY
LTD |
Additional director |
07/08/2012 |
07/08/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Hamonta Kumar Sarmah |
|
Designation : |
Secretary |
|
Address : |
Shanti Plaza, Block No.1, Khalipara
Road, Jatia, Guwahati –
781019, Assam, India |
|
Date of Birth/Age : |
19.02.1962 |
|
Date of Appointment : |
01.12.1993 |
|
PAN No.: |
AEXPS3934A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 09.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Government of Assam, India |
|
90821337 |
|
Bharat Petroleum Corporation Limited, India |
|
453545964 |
|
Oil India Limited, India |
|
191264202 |
|
Bharat Petroleum Corporation Limited Jointly
with S. K. Joshi |
|
08 |
|
Prafulla Chandra Sharma |
|
07 |
|
Bharat Petroleum Corporation Limited Jointly
with Ramaswamy Raja |
|
01 |
|
Bharat Petroleum Corporation Limited Jointly
with S. Y. Oke |
|
01 |
|
Bharat Petroleum Corporation Limited Jointly
with R. P. Natekar |
|
08 |
|
Bharat Petroleum Corporation Limited Jointly
with P. Balsubraman |
|
08 |
|
Bharat Petroleum Corporation Limited Jointly
with S. Krishnamurthy |
|
08 |
|
Total |
|
735631544 |
As on 09.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Govt. (Central)
and State (s) |
12.00 |
|
Govt. Companies |
88.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Petroleum Products.
|
||||
|
|
|
||||
|
Products : |
·
High Speed Diesel ·
Motor Spirit ·
Superior Kerosene Oil |
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
1.
Crudethroughput |
MT |
NA |
30,00,000 |
22,50,225 |
|
2.
Production -
Light distillates -
Middle distillates -
Others |
MT MT MT |
-- -- -- |
-- -- -- |
2,77,695 16,52,890 80,232 |
Note:
* The InstalledCapacity is based on processing
of neat Assam Crude
GENERAL INFORMATION
|
No. of Employees : |
817 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial Branch, Ganeshguri, Guwahati - 781006,
Assam, India ·
UCO Bank, Jorhat
Branch, T. R. Phukan Road, Jorhat
- 785001, Assam, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Notes: · Secured by Hypothecation of current assets i.e. stocks of raw material, finished goods, semi-finished goods and book debts
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. Ghose and Company Chartered Accountants |
|
Address : |
Kolkata, West Bengal, India |
|
Tel. No.: |
91-33-22311995 / 1996 / 1997 |
|
Fax No.: |
91-33-22485167 |
|
E-mail Id : |
|
|
PAN No.: |
AUHPD1229R |
|
|
|
|
Holding Company: |
· Bharat Petroleum Corporation Limited CIN No.: L23220MH1952GOI008931 · Bharat Petroleum Corporation Limited CIN No.: L23220MH1952GOI008931 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,00,00,000 |
Equity Shares |
Rs. 10 each |
Rs.10000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
73,56,31,544 |
Equity Shares |
Rs. 10 each |
Rs.7356.300 Millions |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7356.300 |
7356.300 |
7356.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18654.300 |
17144.100 |
16150.200 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
26010.600 |
24500.400 |
23506.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1209.600 |
1675.700 |
23.800 |
|
|
2] Unsecured Loans |
989.400 |
400.800 |
480.100 |
|
|
TOTAL BORROWING |
2199.000 |
2076.500 |
503.900 |
|
|
DEFERRED TAX LIABILITIES |
2384.600 |
2393.700 |
2459.900 |
|
|
|
|
|
|
|
|
TOTAL |
30594.200 |
28970.600 |
26470.300 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
20481.100 |
18814.900 |
18210.600 |
|
|
Capital work-in-progress |
755.900 |
2757.000 |
2541.900 |
|
|
|
|
|
|
|
|
INVESTMENT |
1542.700 |
1243.500 |
1243.500 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
16321.900
|
15501.600 |
9785.300 |
|
|
Sundry Debtors |
7605.000
|
1173.100 |
1418.900 |
|
|
Cash & Bank Balances |
2016.700
|
1226.700 |
2920.200 |
|
|
Other Current Assets |
4.700
|
44.200 |
17.700 |
|
|
Loans & Advances |
1294.800
|
1301.600 |
974.800 |
|
Total
Current Assets |
27243.100
|
19247.200 |
15116.900 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13231.500
|
7445.100 |
5361.800 |
|
|
Other Current Liabilities |
3430.500
|
3419.500 |
3524.100 |
|
|
Provisions |
2766.600
|
2227.400 |
1756.700 |
|
Total
Current Liabilities |
19428.600
|
13092.000 |
10642.600 |
|
|
Net Current Assets |
7814.500
|
6155.200 |
4474.300 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
30594.200 |
28970.600 |
26470.300 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
83060.300 |
72003.500 |
82568.300 |
|
|
|
Other Income |
307.700 |
6725.100 |
656.600 |
|
|
|
TOTAL (A) |
83368.000 |
78728.600 |
83224.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
72069.400 |
68866.300 |
|
|
|
|
Manufacturing Service Costs |
21.100 |
0.300 |
|
|
|
|
Employee Related Expenses |
1380.100 |
1048.900 |
|
|
|
|
Administrative Selling Other Expenses |
3713.000 |
3690.400 |
|
|
|
|
Prior Period Items |
48.400 |
(82.200) |
|
|
|
|
TOTAL (B) |
77232.000 |
73523.700 |
81294.300 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6136.000 |
5204.900 |
1930.600 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
288.900 |
51.400 |
214.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5847.100 |
5153.500 |
1716.300 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1701.700 |
1536.400 |
1479.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4145.400 |
3617.100 |
3195.900 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1352.800 |
1296.300 |
839.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2792.600 |
2320.800 |
2356.400 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
512.400 |
318.000 |
325.000 |
|
|
|
Stores & Spares |
85.800 |
147.900 |
224.800 |
|
|
|
Capital Goods |
20.100 |
613.500 |
211.300 |
|
|
TOTAL IMPORTS |
618.300 |
1079.400 |
761.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.80 |
3.15 |
3.20 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.35
|
2.95 |
2.83 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.99
|
5.02 |
3.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.69
|
9.50 |
9.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.15 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.83
|
0.62 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40
|
1.47 |
1.42 |
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 |
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 |
Yes |
NOTE:
The registered office address of the company has been shifted from
“147-Udayan, R. G. Baruah Road, Guwahati
– 781005, Assam, India” to the present address w.e.f.
25.11.2010
OPERATING RESULTS
i) During 2010-11, the Diesel Quality Upgradation Project was implemented involving major revamp of the process units. Successful implementation of the project has enabled the Company to produce Euro-III and Euro-IV grades of HSD at 100% capacity utilization of the refinery besides augmenting capacities of secondary processing units. The refinery was under shutdown for most part during first quarter of the year. Crude throughput during the year was consequently lower at 2.250 MMT (Million Metric Tonnes) compared to 2.619 MMT in the previous year. Sales volume was also lower at 2.137 MMT compared to 2.355 MMT in the previous year. During 2010-11, PBT at Rs.4145.400 Millions recorded a growth of 14.6% primarily due to savings in freight cost and increased quantum of excise duty benefit. PAT during 2010-11 increased by 20.3% to Rs.2792.600 Millions.
ii) Gross Refinery Margin (GRM) during the year was US $15.39 per barrel including excise benefit of US $8.72 per barrel against the previous year’s GRM of US $11.19 per barrel (including excise benefit of US $6.88 per barrel). Freight under-recoveries during the year reduced to Rs.1747.100 Millions from Rs.2296.300 Millions in the previous year, reflecting tangible gains from product transportation through the Numaligarh Siliguri Product Pipeline as well as supply chain optimisation.
iii) Earning Per Share (EPS) stood at Rs.3.80 compared to Rs.3.15 during the previous year. Internal cash generation during the year was higher at Rs.4667.800 Millions against Rs.3932.700 Millions in the previous year.
TREASURY OPERATIONS
During the year, term loan amounting to Rs.79.800 Millions was repaid. The Company maintained focused attention towards effective utilization of surplus funds enabling it to earn an interest income of Rs.91.500 Millions during the year. CRISIL has rated the Company at ‘P1+’ for Short Term Loans and ‘AAA/Negative’ for Working Capital Finance which has helped to optimize the treasury activities of the Company. In an effort to further strengthen treasury operations, the Company has adopted e-payment/collection mechanism for making payment/managing receivables and achieved 98% conversion in this regard. Debt equity ratio at close of the financial year was 0.04.
CONTRIBUTION TO
EXCHEQUER
The Company had contributed an amount of Rs.7919.700 Millions to the Central Exchequer and Rs.3542.400 Millions to the State Governments against Rs.8031.200 Millions and Rs.3780.800 Millions respectively during the previous year.
PHYSICAL PERFORMANCE
OF THE REFINERY
During 2010-11, crude receipt at the refinery was 2.258 MMT against allocation of 2.336 MMT. Crude throughput during the year was 2.250 MMT which was in line with crude receipt. However, crude throughput was lower than the MOU target of 2.520 MMT mainly due to deferred refinery shutdown for implementing the Diesel Quality Upgradation Project on account of reasons beyond NRL’s control.
Distillate yield during 2010-11 was recorded at 84.70% against MOU target of 90.04%. The higher MOU distillate yield target was set in anticipation of Natural Gas availability from June 2010, which did not materialize due to delay in completion of the gas pipeline, implemented by M/s DNP Limited. Had Natural Gas been available as envisaged in MOU 2010-11, NRL’s distillate yield during the year would have risen to 90.67%. Distillate yield during the previous year 2009-10 was 85.32%. Specific Energy Consumption (SEC) during 2010-11 was 69.0 MBN, which was better than the MOU target of 70.0 MBN. SEC during 2009-10 was recorded at 67.6 MBN.
NRL’s total production during 2010-11 amounted to 2.012 MMT. Production comprised 1.395 MMT of HSD, 0.222 MMT of MS, 0.216 MMT of SKO, 0.042 MMT each of ATF and LPG, 0.055 MMT of CPC, 0.022 MMT of RPC, 0.014 MMT ofNaphtha and 0.003 MMT of Sulphur. Total evacuation of products from the refinery during the year was 2.073 MMT. Evacuation comprised 1.069 MMTpipeline transfer to Siliguri, 0.591 MMT despatch by rail and 0.413 MMT by road. During the year, CPC dust from NRL was sold through e-auction route for the first time in the industry.
NRL continues to sustain excellence on Fire and Safety front. Cumulative Loss Time Accident (LTA) free man-hours as on 31st March, 2011 reached 16.17 million (more than 9 years 1 month), which is continuing.
On the environmental front, besides meeting all statutory standards on air, water and noise pollution, 100% effluents were reused during the year ensuring zero discharge of effluents to the environment from the refinery as well as from the township.
On sustainable development reporting, as per global reporting initiative, NRL has achieved the ranking of A+ jointly with BPCL.
During 2010-11, operation of the 12 MW Steam Turbine Generator (STG) was stabilized. Since September 2010, the STG has been generating power consistently utilizing heat and pressure energy from surplus steam.
The Natural Gas pipeline from Duliajan to Numaligarh was commissioned on 28thFebruary, 2011. Completion of the pipeline has facilitated utilization of Natural Gas in the refinery as fuel and feed in lieu of Naphtha and is expected to contribute towards improving the Company’s refining margin besides higher generation of distillates.
MARKETING PERFORMANCE
During 2010-11, the Company registered a Sales Volume of 2.14 MMT against previous year’s figure of 2.36 MMT, out of which 0.31 MMT was sold through NRL’s Retail Outlets and other direct customers. Balance 1.83 MMT was sold through Oil Marketing Companies, namely BPCL, Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL), Reliance Industries Limited (RIL), Essar Oil Limited (EOL). Major quantity of products amounting to 1.65 MMT was sold to NRL’s holding Company BPCL. Specialty products like RPC, CPC and Sulphur were marketed directly by NRL which amounts to 0.08 MMT. Lower sales volume during the year was due to lower crude processing in the refinery.
Unlike other PSU oil marketing companies, NRL is not covered under the Government’s compensation scheme for retail under-recoveries.
During 2010-11, NRL has not pursued any major initiative for expansion of the Company’s retail network due to prevailing uncertainties in retail pricing policies. However, NRL’s focused attention in ensuring delivery of right quality and quantity of products and services to customers continues. During the year, 92.8% of NRL’s retail sales were from Retail Outlets (ROs) certified by M/s Det Norske Veritas (DNV) under ‘Quality and Quantity’ (QandQ) Protocol.
NRL had carried out a rationalization exercise of the Company’s retail network outside the North East with its holding company, M/s BPCL in order to limit the extent of retail under-recoveries. Based on the rationalization process, NRL will continue its retail marketing activities withinthe Freight Economy Zone of Numaligarh Refinery covering the North Eastern States, parts of Eastern Region and Eastern Uttar Pradesh. An agreement has been signed with M/s BPCL during the year based on which, 39 operating ROs of NRL were handed over and activities are in progress for transfer of Letter-of-Intents for 38 identified dealerships. It may be worthwhile to mention that the aforesaid rationalization measures will not impact NRL’s endeavour in marketing of its own products. In fact, NRL can now give more focus attention in its retail marketing in the freight economy zone so as to avoid under-recoveries on retail sales.
The Siliguri Marketing Terminal (SMT) achieved a combined throughput of 1.09 MMT during the year vis-à-vis 0.77 MMT in the previous year. NRL’s Siliguri Marketing Terminal has been certified under ISO 9001-2008 (Quality Management System), ISO 14001-2004 (Environment Management System) and OHSAS 18001-2007 (Occupational Health and Safety Management System).
MANAGEMENT DISCUSSION
AND ANALYSIS REPORT
Economic Developments
The global economy recovered from recession in 2010 although growth in several developed nations remains below expected levels. As per World Bank projections, global economic growth would ease from 3.8% in 2010 to 3.2% in 2011 before rising to 3.6% in 2012. Recent natural disaster in Japan, geo-political unrest, firm energy prices wouldcontinue to exert pressure on the fragile economic recovery in the near short term. Rising inflation has emerged as a formidable challenge for most developing nations including India.
In the context of the Indian economy, during 2010-11, overall growth of Gross Domestic Product (GDP) was 8.5% with agriculture and allied activities registering growth at 6.6%, industrial sector at 7.9% and services sector at 9.4%. During the previous year 2009-10, GDP growth rate was 8.0%. During 2010-11, overall growth in the Index of Industrial Production (IIP) was 8.2% compared to 5.3% in the previous year. Out of three broad sectors, the manufacturing sector has been the key driver with a growth rate of 8.9%. The index for six core industries comprising crude oil, petroleum products, coal, electricity, cement and steel grew by 5.8% during 2010-11 compared to 5.5% of 2009-10. India’s merchandise export in 2010-11 amounted to US $ 246 billion registering a growth of 37.5%. Cumulative import during the fiscal was US $ 351 billion. Overall trade deficit during 2010-11 marginally declined to US $ 105 billion from US $ 110 billion in the previous year. Oil imports in 2010-11 increased by 16.7% to US $ 102 billion compared to US $ 87 billion in 2009-10.
India’s economic growth is projected to moderate in 2011-12 following decline in consumer demand arising out of high inflation rates coupled with fall in investments following increased interest rates, aimed at curbing rising inflation.
Trends in Oil and Gas
Sector
As per International Energy Agency (IEA), global oil demand in 2010 increased to 88.0 million barrels per day (mbpd) from 85.2 mbpd in 2009. In 2011, demand is projected to further rise to 89.3 mbpd. Demand in 2011 is anticipated to be driven primarily by increased requirements from China and India with moderated requirements from the Organisation for Economic Cooperation and Development (OECD) countries. During 2010-11, oil prices steadily rose for most part ofthe year barring marginal decline in September and February.
As on 01.04.2011, India’s refining capacity increased to 193.4 MMT from 184.40 MMT a yearago. Total crude throughput of Indian refineries in 2010-11 increased to 196.5 MMT from 186.6 MMT in the previous year. However, the country’s dependence on imported crude oil continues to increase. In 2010-11, India’s crude import amounted to 163.1 MMT against domestic production of 37.7 MMT. In terms of demand for petroleum products, during 2010-11 the consumption growth of HSD was 6.7% while that of MS was 10.7%. LPG and ATF registered growth numbers at 9.1% and 9.8% respectively. Kerosene, Lubes, Bitumen and Petroleum Coke recorded negative growth in consumption.
The average crude oil import price for the Indian basket during the year 2010-11 increased to US $ 85.09 per bbl from previous year’s average of US $ 69.76 per bbl. On an overall basis, India’s import of petroleum products in 2010-11 increased to 17.0 MMT from 14.7 MMT in the previous year. Product exports increased to 56.3 MMT in 2010-11 from 51.0 MMT in the previous year.
CONTINGENT
LIABILITY:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
(a) In respect of
taxation matters of prior years |
|
|
|
i) Excise Duty Matters |
2282.900 |
2243.400 |
|
ii) Service tax matters |
14.800 |
14.800 |
|
iii) Sales Tax Matters |
50.100 |
0.000 |
|
iv) Income Tax Matters |
1.100 |
03.600 |
|
v) Entry Tax Matters |
154.000 |
0.000 |
|
|
|
|
|
(b) Other Matters : |
|
|
|
Claims against the
Company not acknowledged as debts : |
|
|
|
i) Claim by contractors Arbitration cases/other extra claims on capital account |
1177.000 |
840.500 |
|
ii) Land matters |
15.800 |
21.100 |
|
iii) In respect of Foreign letter of credit |
123.800 |
186.300 |
|
iv) In respect of Outstanding Bank Guarantee |
103.100 |
94.600 |
|
v) Guarantees in favour of Banks for long term loans extended to Joint Venture Companies DNP Ltd & BCP Ltd. (includes an amount of ` 4.78 crores due for repayment by DNP Ltd. for which approval for extension of moratorium awaited from OIDB)" |
793.200 |
793.200 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U11202AS1993GOI003893 |
|
Name of the company |
NUMALIGARH REFINERY LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
122A, G. S. Road, Christianbasti, Guwahati – 781005, Assam, India E-mail id : ananta.goswami@nrl.co.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
80012827 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
State Bank of India, Commercial Branch, Ganeshguri,
Guwahati – 781006, Assam, India E-mail id : sandeepk.sinha@sbi.co.in
|
|
Nature of instrument creating charge |
Original charge was created on 10th August,2000 for availing working
capital loan of Rs.1000.000 Millions was modified several times and last
modification was created on 12th May,2010 by changing the overall limit to
Rs.3200.000 Millions i.e. fund based limit Rs.2500.000 Millions and non -fund
based limit Rs.700.000 Millions. By the present modification the overall
limit has been changed to Rs.5200.000 Millions i.e. fund based limit
Rs.4500.000 Millions and non-fund based limit Rs.700.000 Millions. |
|
Date of instrument Creating the charge |
28.02.2011 |
|
Amount secured by the charge |
Rs.5200.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Cash credit - 3.25% above base rate. Effective rate is 10.85% WCDL - To be linked to the rates advised by the Treasury Department as
an when required after getting approval from approp.
Authority Terms of Repayment Repayable on demand subject to renewal of every 12 months Margin For CC of Rs.4500.000 Millions Raw material - 25% Stock in progress - 25% Finished goods - 25% Book debts ( Cover period of 60 days) - 25% For Bank guarantee - Nil For Letter of Credit – Nil Extent and Operation of the charge As per agreed terms and conditions cited vide SBI letter No.
CB/CPC/01/184 dated 01/01/2011 ( copy enclosed as optional attachments) Others Form C. 5 : Letter regarding the grant of individual limits within the
overall limit attached granting Cash credit limit of Rs.4500.000 Millions,
Bank Guarantee Rs.150.000 Millions. and Letter of Credit Rs.550.000 Millions. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
First Hypothecation of Current Assets i.e. stocks of raw material,
SIP, finished goods, book debts and other current assets of the company
situated Numaligarh Refinery Limited, Numaligarh, Assam Second charge on Plant and Machinery
and other Fixed Assets of the Company |
|
Date of instrument modifying the charge |
12/05/2010 |
|
Particulars of the present modification |
By the present modification, amount secured by way of charge in favour of State Bank of India has been increased from
earlier Rs.3200.000 Millions to Rs.5200.000 Millions |
FIXED ASSETS:
·
Land
·
Building
·
Railway Siding
·
Plant and Machinery
·
Tanks and Pipelines
·
Sundries Equipments
·
Furniture and Fittings
·
Vehicles
WEBSITE DETAILS:
PROFILE
Nestling in the sylvan environs of the Brahmaputra
valley where the beautiful rendezvous of water and land throws up myriad colours, subject, which was set up at Numaligarh
in the district of Golaghat (Assam) in accordance
with the provisions made in the historic Assam Accord signed on 15th August
1985, has been conceived as a vehicle for speedy industrial and economic
development of the region.
The 3 MMTPA Numaligarh Refinery Limited was dedicated
to the nation by the erstwhile Hon'ble Prime Minister
Shri A. B. Vajpayee on 9th July, 1999. subject has
been able to display creditable performance since commencement of commercial
production in October, 2000. With its concern, commitment and contribution to
socio-economic development of the state combined with a track record of
continuous growth, NRL has been conferred the status of Mini Ratna PSU.
The present authorized capital of the company is Rs.
10000.000 Millions and paid up capital is Rs.
7356.300 Millions. The shareholding pattern as on 31-03-2006 is given below :
|
Product Range: Their product range includes LPG, Naphtha, Motor Spirit (MS), Aviation Turbine Fuel ( ATF)Superior Kerosene Oil ( SKO)High Speed Diesel (HSD), Raw Petroleum Coke ( RPC ) Calcined Petroleum Coke ( CPC) and Sulphur.
Retail Segment: Strategic decision was taken to enter into the Retail Distribution segment. Permission was received from Govt. of India to market MS and HSD through a chain of 510 Retail Outlets in a phased manner. Hitherto, scores of retail outlets, aptly christened 'Energy Stations' have already been commissioned in the North East and other parts of India and the process continues.
Commitment to the community: Subject is conscious of the fact that the ongoing process of economic reforms is irreversible and the challenge of change on all facets of business and environment is inevitable. So is the fact that the real purpose of business is human well being. This dictum remains the driving force of all their social commitments. In keeping with this ideology, the company has both spawned and sponsored a succession of social initiatives which entail such diverse activities as providing relief to upgrading skill and productivity of the beneficiaries
PRESS RELEASE:
NRL TO PROMOTE
FOOTBALL IN ASSAM UNDER CSR
JULY 20, 2012
It has reported that, in an attempt to promote football and attract the youth to the sport, Numaligarh Refinery Limited (NRL) under its Corporate Social Responsibility Scheme today announced the launching of ‘NRL Football Academy’ with professional expertise of SPT Sports Management Private Limited and Assam Football Association.
The academy will be set up at Numaligarh to build a strong and sustainable football development plans within 10 KM radius of the Refinery for future players to emerge. This was declared in a press meet held at Numaligarh. Speaking on the press meet Kajol Saikia, Chief Manager HR, NRL said that the academy will utilize the opportunity to tap talent at a young age creating the right environment with appropriate development programs. He further informed that the academy would be a non-residential one and run for four days in a week.
While interacting with media persons Ankur Dutta, Secretary Assam Football Association and Vice President of All India Football Federation said “I thanked NRL for their endeavor to set up the football academy. It is the first professionally managed football academy of the state and I am very hopeful of the outcome.” While briefing about the details of the academy Pranab Kumar Sarma, Manager, Corporate Social Responsibility, NRL informed that the academy will intake a total of 40 players between the ages of 10 to 12 years. Ensuring that the students of the academy have an opportunity to showcase their talent on a bigger scale the academy would serve as a platform for teams to scout and sign players.
The academy has signed Oscar Bruzon Barrears, UEFA Coach from Spain who will visit the academy twice in every three months. Barrears has the experience of coaching various under 14 and under 16 team of Spanish football clubs such as Real Club Celta de Vigo S.A.D., Areosa C.F. etc. There has to be development programme for the aspiring kids, teaching them in the right way and if even one of the kids from this academy makes a mark at the international level it will be a big achievement, said Barrears.
NRL CONTRIBUTES RS. 2.000 Millions TO CHIEF MINISTER’S RELIEF FUND,
ASSAM
JULY 09, 2012
As in the previous years, Numaligarh
Refinery Limited has come forward with financial help for taking up various
welfare works and relief operations by the State machinery. The Company has
contributed an amount of Rs. 2.000 Millions to the
Chief Minister’s Relief Fund, Assam for the cause of victims of the devastating
floods that has gripped the State this year. The cheque
was formally handed over to Shri Tarun
Gogoi, Hon’ble Chief
Minister of Assam by MD NRL , Mr. Dipak Chakravarty at Guwahati on
09-07-12 in presence of Principal Secretary (Finance), Govt. of Assam, Mr. H.S Das; Director (Finance) NRL, Mr. Nilmoni
Bhakta; Director (Technical) NRL, Mr. S.R. Medhi and senior officials of NRL.
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.55.70 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
TOTAL |
|
68 |
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.