|
Report Date : |
23.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE CORPORATE IT PARK LIMITED (w.e.f. 10.03.2008) |
|
|
|
|
Formerly Known
As : |
RELENE PETROCHEMICALS LIMITED |
|
|
|
|
Registered
Office : |
Building No. 4, 5TTC Industrial Area, Thane-Belapur Road, Ghansoli,
Navi Mumbai – 400701, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.04.2001 |
|
|
|
|
Com. Reg. No.: |
11-131458 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.29763.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140MH2001PLC131458 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR17044G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD7169H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing IT
Support Services Including Manpower and All Other Activities. |
|
|
|
|
No. of Employees
: |
Information
declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 110000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Reliance Group. It is an established company
having moderate track record. There appears accumulated loss recorded by the company. However, the company
receives good support from its group company. Trade relations are fair. Business is active. Payments are reported to
be slow but correct. In view of strong holding, the company can be considered for business
dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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.
INFORMATION DECLINED
Management Non-Cooperative (91-22-44770000 / 44775197)
LOCATIONS
|
Registered Office : |
Building No. 4, 5TTC Industrial Area, Thane-Belapur Road, Ghansoli,
Navi Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-44770000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 19.08.2013
|
Name : |
Mr. Indubhai Fulchan Sheth |
|
Designation : |
Director |
|
Address : |
401- A, Falcon Castle CHS Limited, Senapati Bapat Marg, Elphinstone,
Mumbai-400012, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1933 |
|
Date of Appointment : |
23.03.2004 |
|
Din No.: |
00004353 |
|
|
|
|
Name : |
Mr. Rohit Chhannalal Shah |
|
Designation : |
Director |
|
Address : |
B-901/902 shanker Park Opposite Suman Apartment, Shankar Lane,
Kandivali (West), Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1954 |
|
Date of Appointment : |
02.04.2001 |
|
Din No.: |
00006087 |
|
|
|
|
Name : |
Mr. Arvind Bhushan Modgil |
|
Designation : |
Director |
|
Address : |
T-9/202 Sea Breeze Co-operative HSG Society Limited, Sector 16, Plot No16,
Nerul, Navi Mumbia-400701, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1949 |
|
Date of Appointment : |
13.09.2004 |
|
Din No.: |
00023544 |
|
|
|
|
Name : |
Mr. Virenderkumar Gandhi |
|
Designation : |
Director |
|
Address : |
15/1101, Seawoods Estates, NRI Complex, Sector 54, 56 and 58, Navi
Mumbai-400706, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1955 |
|
Date of Appointment : |
12.10.2011 |
|
Din No.: |
00012921 |
KEY EXECUTIVES
|
Name : |
Mr. Jagdish R. Vasani |
|
Designation : |
Manager |
|
Address : |
H 2/ 3 : 1 Panchdeep CHS Limited, Sector 29, Vashi, Navi Mumbai – 400
705, Maharashtra, India |
|
Date of Birth/Age : |
21.12.1952 |
|
Date of Appointment : |
01.12.2008 |
|
Pan No.: |
AAJPV7710R |
|
|
|
|
Name : |
Shreya Ramkrishnan |
|
Designation : |
Secretary |
|
Address : |
B-305, Archana Ambika Nagar, Mahatma Gandhi Road, Dombivli (West),
Thane-421202, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1984 |
|
Date of Appointment : |
19.01.2012 |
|
Pan No.: |
ANTPR4313D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.08.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Reliance Commercial Land and Infrastructure Limited, India |
|
2379994080 |
|
Arun K Jain
jointly with Reliance Commercial Land and Infrastructure Limited, India |
|
100 |
|
K Sethuraman
jointly with Reliance Commercial Land and Infrastructure Limited, India |
|
100 |
|
Indubhai Sheth jointly
with Reliance Commercial Land and Infrastructure Limited, India |
|
50 |
|
V. Subramaniam
jointly with Reliance Commercial Land and Infrastructure Limited, India |
|
50 |
|
Sridhar
Kothandaraman jointly with Reliance Commercial Land and Infrastructure
Limited, India |
|
50 |
|
Raj Mullick
jointly with Reliance Commercial Land and Infrastructure Limited, India |
|
50 |
|
Total |
|
2379994480 |
|
Names of Shareholders (6 % Preferences Shares) |
|
No. of Shares |
|
Shinano Retail
Private Limited, India |
|
1332700 |
|
Total |
|
1332700 |
|
Names of Shareholders (2 % Preferences Shares) |
|
No. of Shares |
|
Reliance
Commercial Land and Infrastructure Limited, India |
|
594998620 |
|
Total |
|
594998620 |
As on 19.08.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT Support
Services Including Manpower and All Other Activities. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information
declined by the management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· State Bank of India, Backbay Reclamation, Mumbai – 400020, Maharashtra, India · HDFC Bank Limited, Vashi Branch, Sector – 17, Vashi, Navi Mumbai – 400703, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers,212 Nariman Point, Mumbia:400021,
Maharashtra, India |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Ultimate Holding
Company : |
Reliance Industries Limited |
|
|
|
|
Holding Companies : |
· Reliance Industrial Investments and Holdings Limited ·
Reliance Commercial Land and Infrastructure
Limited |
|
|
|
|
Subsidiary
Companies : |
· Strategic Manpower Solutions Limited (wef 30.11.2012) · Reliance People Serve Limited (wef 30.11.2012) ·
Reliance Infrastructures Management Services
Limited (wef 30.11.2012) |
|
|
|
|
Fellow Subsidiary
Companies : |
· Reliance Retail Limited · Reliance Retail Insurance Broking Limited · Reliance Fresh Limited · Strategic Manpower Solutions Limited (upto 29.11.2012) · Reliance People Serve Limited (upto 29.11.2012) · Reliance Infrastructures Management Services Limited (upto 29.11.2012) · Reliance Footprint Limited · Reliance Gems and Jewels Limited · Reliance Leisures Limited · Reliance digital Retail Limited · Reliance Autozone Limited · Gapco Uganda Limited · Gapco Kenya Limited · Gapco Tanzania Limited · Gapco Rwanda Limited · Reliance Ventures Limited · Rancore Technologies Private Limited · Reliance Trends Limited · Reliance Jio Infocomm Limited · Reliance Security Solutions Limited · Reliance Home Products Limited · Reliance Haryana SEZ Limited |
CAPITAL STRUCTURE
As on 19.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3495000000 |
Equity Shares |
Rs.10/- each |
Rs.34950.000 Millions |
|
605000000 |
Preferences Shares |
Rs.10/- each |
Rs.6050.000 Millions |
|
|
TOTAL |
|
Rs.41000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2379994480 |
Equity Shares |
Rs.10/- each |
Rs.23799.945
Millions |
|
1332700 |
6 % Preferences Shares |
Rs.10/- each |
Rs.13.327
Millions |
|
594998620 |
2 % Preferences Shares |
Rs.10/- each |
Rs.5949.986
Millions |
|
|
Total |
|
Rs.29763.258 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
29763.200 |
26348.300 |
24778.300 |
|
(b) Reserves & Surplus |
(1190.000) |
(1235.100) |
(1242.300) |
|
(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) |
28573.200 |
25113.200 |
23536.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1215.200 |
668.300 |
721.700 |
|
(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 |
14.000 |
|
Total Non-current Liabilities (3) |
1215.200 |
668.300 |
735.700 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
2289.600 |
2477.000 |
498.800 |
|
(c) Other current
liabilities |
531.300 |
913.000 |
608.000 |
|
(d) Short-term provisions |
213.300 |
85.000 |
26.000 |
|
Total Current Liabilities (4) |
3034.200 |
3475.000 |
1132.800 |
|
|
|
|
|
|
TOTAL |
32822.600 |
29256.500 |
25404.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
19460.200 |
15201.200 |
13576.000 |
|
(ii) Intangible Assets |
367.900 |
0.600 |
0.800 |
|
(iii) Capital
work-in-progress |
4911.000 |
5940.300 |
6270.100 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.500 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1968.000 |
1872.200 |
1923.100 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
26708.600 |
23014.300 |
21770.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
250.000 |
0.000 |
|
(b) Inventories |
49.600 |
45.800 |
4.500 |
|
(c) Trade receivables |
3409.300 |
2723.100 |
249.000 |
|
(d) Cash and cash
equivalents |
1.000 |
3.500 |
54.200 |
|
(e) Short-term loans and
advances |
2647.200 |
3214.500 |
3323.500 |
|
(f) Other current assets |
6.900 |
5.300 |
3.300 |
|
Total Current Assets |
6114.000 |
6242.200 |
3634.500 |
|
|
|
|
|
|
TOTAL |
32822.600 |
29256.500 |
25404.500 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
20427.200 |
8851.300 |
5052.800 |
|
|
|
Other Income |
31.000 |
18.900 |
11.500 |
|
|
|
TOTAL (A) |
20458.200 |
8870.200 |
5064.300 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee Benefit Expense |
4916.900 |
3116.500 |
2870.300 |
|
|
|
Other Expenses |
14651.200 |
4999.600 |
1281.800 |
|
|
|
TOTAL (B) |
19568.100 |
8116.100 |
4152.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
890.100 |
754.100 |
912.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
49.400 |
73.800 |
115.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
840.700 |
680.300 |
796.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
785.800 |
671.600 |
791.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
54.900 |
8.700 |
5.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.900 |
1.400 |
1.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
45.000 |
7.300 |
4.200 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1254.700) |
(1262.000) |
(1269.800) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1209.700) |
(1254.700) |
(1262.000) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.02 |
0.00 |
0.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.22
|
0.08 |
0.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.27
|
0.10 |
0.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.20
|
0.04 |
0.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04
|
0.03 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02
|
1.80 |
3.21 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: Not Available
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
939.000 |
300.000 |
|
Total |
939.000 |
300.000 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.101.81 |
|
Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.