MIRA
INFORM REPORT
|
Report Date : |
24.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE CEMENT COMPANY PRIVATE LIMITED (w.e.f. 08.08.2011) |
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Formerly Known
As : |
RELIANCE CEMENTATION PRIVATE LIMITED |
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Registered
Office : |
H Block, 1st Floor, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
24.08.2007 |
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Com. Reg. No.: |
11-173458 |
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Capital
Investment / Paid-up Capital : |
Rs. 683.230 Millions |
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CIN No.: [Company Identification
No.] |
U26940MH2007PTC173458 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR23337G |
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PAN No.: [Permanent Account No.] |
AADCR6967R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers of all types and kinds of Cements. |
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No. of Employees
: |
Information Denied by Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (61) |
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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 |
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Maximum Credit Limit : |
USD 19360000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Reliance Infrastructure
Limited”. It is a well established company having a good track record. The
financial strength seems to be strong. Liquidity position is good. There
appears no external borrowing. The rating also take into consideration the strong managerial and
financial support from its holding company. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities ; AA- |
|
Rating Explanation |
Having high degree of safety regarding timely servicing of financial
obligation. It carry low credit risk. |
|
Date |
May 2013 |
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 DENIED
MANAGEMENT NON CO-OPERATIVE
|
Contact No.: |
91-22-30383333 |
|
Date : |
23.07.2013 |
LOCATIONS
|
Registered Office : |
H Block, 1st Floor, |
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Tel. No.: |
91-22-30386290 |
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Fax No.: |
91-22-30376622/ 30386178 |
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E-Mail : |
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Website : |
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Corporate Office : |
E-Block, 3W 44, First Floor, Dhirubhai Ambani Knowledge City,
Koparkhairane, Thane Belapur Road, Navi Mumbai – 400 710, Maharashtra, India |
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Tel. No.: |
91-22-30383333 |
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Factory : |
Located at: v Maihar, Madhya Pradesh v
Mukutban, v
Butibori in v Raebarelly in Uttar Pradesh v Gondavali in Madhya Pradesh |
DIRECTORS
As on : 02.08.2012
|
Name : |
Mr. Amit Kamalkishore Jain
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Designation : |
Director |
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Address : |
Flat No.402, Plot No.12/21, Sanskruti Apartments, Mata Vaishno CHS,
Sec 42, Nerul (West), Navi Mumbai – 400 706, |
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Date of Birth/Age : |
30.07.1979 |
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Date of Appointment : |
02.08.2012 |
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DIN No.: |
03569422 |
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Other Directorship:
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Name : |
Mr. Bimal Santoshkumar Roy
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Designation : |
Director |
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Address : |
B1-802, Lakhanis Suncoast, Plot No.27, Sector-15, CBD Belapur, Navi
Mumbai - 400 614, |
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Date of Birth/Age : |
03.10.1959 |
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Date of Appointment : |
02.08.2012 |
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DIN No.: |
05129472 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 02.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Infrastructure Limited, |
|
68322900 |
|
Ramesh Ganpati Shenoy jointly with Reliance Infrastructure Limited, |
|
100 |
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Total |
|
68323000 |
Equity Share Break up (Percentage of Total Equity)
As on : 02.08.2012
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of all types and kinds of Cements. |
GENERAL INFORMATION
|
No. of Employees : |
Information Denied by Management. |
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Bankers : |
Not Available |
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Facilities : |
-- |
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Auditors : |
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Name : |
Bhandari Dastur Gupta and Associates Chartered Accountants |
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Address : |
210, 2nd
Floor Ashoka Shopping Centre, G.T. Hospital Complex, L.T. Road, Mumbai,
Maharashtra, India |
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PAN No.: |
AADFB3359C |
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Financial Institution : |
IDBI Trusteeship
Services Limited, |
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Holding Company
: |
Reliance Infrastructure Limited, India (REL) (w.e.f. 05.09.2009) CIN No.:
L99999MH1929PLC001530 |
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Subsidiaries : |
v Reliance Cement
Corporation Private Limited, v Reliance Cement
and Infra Private Limited, v Reliance Cement
Works Private Limited, v Reliance
Concrete Private Limited {CIN No:
U26940MH2011PTC214982} |
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Other Related Parties : |
v
Reliance Infocomm Infrastructure Private limited
[CIN No: U45300MH1993PTC173775] v
Reliance Infrastructure and Consultants Limited [CIN No :U64200MH1995PLC139170] v
Reliance Communications v
Infrastructure Limited [CIN No: U64203MH1997PLC166329] v
Reliance General Insurance Company Limited [CIN No: U66603MH2000PLC128300] |
CAPITAL STRUCTURE
As on : 02.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
68323000 |
Equity Shares |
Rs.10/- each |
Rs.683.230
Millions |
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|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
|
683.230 |
386.240 |
|
(b) Reserves & Surplus |
|
4159.126 |
1486.216 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
4842.356 |
1872.456 |
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|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
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(a) long-term borrowings |
|
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
71.096 |
0.000 |
|
(d) long-term provisions |
|
4.115 |
0.000 |
|
Total Non-current Liabilities (3) |
|
75.211 |
0.000 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
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(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
0.000 |
0.000 |
|
(c)
Other current liabilities |
|
276.485 |
66.934 |
|
(d) Short-term
provisions |
|
13.385 |
7.597 |
|
Total Current Liabilities (4) |
|
289.870 |
74.531 |
|
|
|
|
|
|
TOTAL |
|
5207.437 |
1946.987 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
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(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1511.157 |
1043.435 |
|
(ii)
Intangible Assets |
|
2.581 |
0.349 |
|
(iii)
Capital work-in-progress |
|
2142.117 |
743.500 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.300 |
0.400 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1438.160 |
100.646 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
5095.315 |
1888.330 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
108.160 |
54.488 |
|
(e)
Short-term loans and advances |
|
3.962 |
4.169 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
112.122 |
58.657 |
|
|
|
|
|
|
TOTAL |
|
5207.437 |
1946.987 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
221.100 |
|
|
2] Share Application Money Pending Allotment |
|
|
301.500 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.030) |
|
|
NETWORTH |
|
|
522.570 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
522.570 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
278.878 |
|
|
Capital work-in-progress |
|
|
229.043 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.300 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
20.173
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
6.130
|
|
Total
Current Assets |
|
|
26.303 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.087
|
|
|
Other Current Liabilities |
|
|
9.008
|
|
|
Provisions |
|
|
2.859
|
|
Total
Current Liabilities |
|
|
11.954 |
|
|
Net Current Assets |
|
|
14.349 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
522.570 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
|
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA |
0.015 |
0.001 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
0.025 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT / LOSS BEFORE TAX |
NA |
(0.010) |
0.001 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.005 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / LOSS
AFTER TAX |
NA |
(0.015) |
0.001 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.044) |
(0.030) |
(0.008) |
|
|
|
|
|
|
|
|
|
Add |
BALANCE OF LOSS
TRANSFERRED ON AMALGAMATION |
0.000 |
0.000 |
(0.023) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.044) |
(0.045) |
(0.030) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.00 |
0.00 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
100.00 |
100.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.00
|
(0.00) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
(0.00) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.39
|
0.79 |
2.20 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
two 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 |
CURRENT MATURITIES
OF LONG TERM DEBT : NOT AVAILABLE
FINANCIAL
HIGHLIGHTS :
Since the Company is setting up cement plants in and Madhya Pradesh and
has also just commenced prospecting activities at a few
OPERATIONS :
The Company is setting up integrated cement plants at Maihar in Madhya
Pradesh, Mukatban in Maharashtra and Grinding Unit at Butibori in, Raebarelly
in Utter Pradesh and Blending Unit at Gondavali in Madhya Pradesh and has also
commenced prospecting activities at
HOLDING COMPANY
AND SUBSIDIARY COMPANIES
The Company is a wholly owned subsidiary of Reliance Infrastructure
Limited. As of March 31, 2012, the Company has four wholly owned subsidiary
companies viz., Reliance Cement Works Private
BACKGROUND OF THE
COMPANY :
Subject is a private limited Company incorporated on the August 24, 2007
under the Companies Act 1956 with the object of carrying on business of
manufacturers of all types and kinds of cements ordinary, white, colored,
Portland, Pozzolana Aluminum, Blast furnace, Silica, and all other varieties of
cements, lime and limestone, clinkers and/or by-products thereof. The Company
is a subsidiary of Reliance Infrastructure Limited, a Company incorporated in
INDEX OF CHARGES :
|
Sr. No |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number |
|
1. |
10363024 |
1036302 |
18,350,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
Asian Bldg., Ground Floor, 17, R.Kamani Marg,, Ba |
B59798934 |
PRESS RELEASE :
RELIANCE CEMENT
ENTERS
Reliance Cement
commercially launched in
v
Cement bags are currently produced from Butibori
unit,
v
Reliance Cement is of superior quality with higher
strength
v
Reliance Cement comes in ultramodern tamper proof
packaging ensuring minimum loss to end consumer
v
Strong Channel Network set-up to service customers
in
v
RInfra’s 10 million tonne cement projects are under
execution at
Amravati, April
15, 2013: Reliance Infrastructure Limited (RInfra), part of the Reliance Group,
through its subsidiary Reliance Cement Company Private Limited (RCC), today
announced its foray into
Commenting on this development, Company Spokesperson said, “We are
pleased to announce the launch of Reliance Cement in
He further added,“Reliance Cement is superior quality cement which has
new age technology and unique features which allow consumers to build long
lasting structures in the quickest possible construction time. Our ultramodern
packaging also ensures zero loss to end consumers. The product is also
recommended as an alternative to Ordinary Portland Cement (OPC) 43 and (OPC) 53
grades. ”
Some of the unique
features of Reliance Cement are:
1. UPSD technology: stronger buildings Reliance Cement introduces
Uniform Particle Size Distribution (UPSD) technology that produces cement with
a high and smooth fineness and rapid setting property, which results in high
initial strength.
2. Fast-setting time: builds homes faster During construction, cement
setting-time is usually the main cause of delay. Because of its chemical
composition and finer particles, Reliance Cement sets faster than other cements
and gives more strength at the same time.
3. Tamper-proof: 50 kg means 50 kg Reliance Cement is packed in
Laminated Polypropylene (LPP) bags that are heat welded in the factory and
opened only once they reach the site. The special sealing makes it impossible
to tamper with, so there is absolutely no wastage of cement and the customer
gets the full 50 kgs of cement aspromised.
4. Weather-proof: fresh cement in every bag Reliance Cement LPP bags
ensure that the cement is not exposed to moisture and consumers get fresh
cement each time irrespective of weather.
Reliance Cement is currently executing two integrated projects with a
total capacity of 10 million tonnes in Madhya Pradesh and
Reliance
Infrastructure Limited
Reliance Infrastructure Limited (RInfra) is the largest infrastructure
company developing projects, through various Special Purpose Vehicles, in
several high growth areas in the Infrastructure sector i.e. Roads, Metro Rail,
Airports and Cement. The Company is also leading utility company having
presence across the value chain of power businesses i.e. Generation,
Transmission, Distribution, Trading and EPC.
The Company is developing two metro rail projects in Mumbai and
operating Airport Metro Express in Delhi; awarded eleven road projects with
total length of 1,000 kms; operating and maintaining five airports in
Maharashtra and developing 2 cement plants of 5 Mn tons each in Maharashtra and
Madhya Pradesh. RInfra generates 940 MW of power through its five power
stations; distributes power to over Rs. 6.000 Millions consumers in Mumbai and
FIXED ASSETS:
Tangible Assets
v
v
v Plant and Machinery
v Furniture and Fixtures
v Motor Vehicles
v Office Equipments
Intangible Assets
v 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 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. 59.69 |
|
|
1 |
Rs. 91.66 |
|
Euro |
1 |
Rs. 78.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
61 |
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.