MIRA INFORM REPORT
|
Report Date : |
30.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
RUDRANEE INFRASTRUCTURE LIMITED |
|
|
|
|
Registered
Office : |
10-11, Phuwari Apartments, Sahu College Road, Sahakar Nagar, Pune –
411009, Maharashtra |
|
|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.07.2006 |
|
|
|
|
Com. Reg. No.: |
11-128709 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.238.895 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45209PN2006PLC128709 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR4568A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
The Subject is engaged in the business of construction of Various Government/Semi-Government infrastructure projects. |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2060000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was established as a partnership concern in 1993 and the
converted into a private limited company. It is a subsidiary of “Supreme Infrastructure
India Private Limited”. It has a moderate track record. The company has modest financial risk profile. Trade relations are fair. Business is active. Payments are reported as
slow but correct. The company can be considered for business dealings 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.
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 |
BB- (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
June 12, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety and high credit
risk. |
|
Date |
June 12, 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 : |
10-11, Phuwari Apartments, Sahu College Road, Sahakar Nagar, Pune –
411009, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
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|
Corporate Office : |
A-9 Industrial Co-Operative Society, M.I.D.C. Area, Railway Station, Aurangabad – 431005, Maharashtra, India |
|
Tel. No.: |
91-240-2322856/ 2322907 |
|
Fax No.: |
91-240-2333932 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Vivek Shankar Deshpande |
|
Designation : |
Managing Director |
|
Address : |
53/54. Rbaradwaj. Aditya Nagar, Garkheda, Aurangabad – 431005, Maharashtra, India |
|
Qualification : |
BE Elect and DBM |
|
Date of Appointment : |
07.07.2006 |
|
PAN No.: |
ADUPD4023B |
|
DIN No.: |
00119527 |
|
|
|
|
Name : |
Mr. Arun Vasantrao Deshpande |
|
Designation : |
Whole Time Director |
|
Address : |
12/12, Deshpande Puram, Shahnoorwadi, Aurangabad – 431005,
Maharashtra, India |
|
Qualification : |
DEE |
|
Date of Appointment : |
20.04.2007 |
|
PAN No.: |
AAPPD4898L |
|
DIN No.: |
00119566 |
|
|
|
|
Name : |
Mrs. Usha Pandurang Kulkarni |
|
Designation : |
Director |
|
Address : |
Plot No. 32, Shri Niwas Housing Society, Tilak Nagar, Aurangabad,
Maharashtra, India |
|
Qualification : |
MSC |
|
Date of Appointment : |
07.07.2006 |
|
PAN No.: |
ALLPK4791Q |
|
DIN No.: |
01752600 |
|
|
|
|
Name : |
Mr. Bhawanishankar Harishchandra Sharma |
|
Designation : |
Additional Director |
|
Address : |
Sharma Cottage, Near Chitrath Studio, Hiranandani Gardens, A.S. Marg,
Powai, Mumbai – 400076, Maharashtra,
India |
|
Date of Birth/Age : |
20.10.1947 |
|
Qualification : |
M Com |
|
Date of Appointment : |
12.02.2011 |
|
PAN No.: |
ANUPS9315F |
|
DIN No.: |
01249834 |
|
|
|
|
Name : |
Mr. Vikram Bhawanishankar Sharma |
|
Designation : |
Additional Director |
|
Address : |
Bhawani Towers, B Wing, Fourth Floor, I. I. T. Powai, Mumbai – 400076,
Maharashtra, India |
|
Date of Birth/Age : |
08.03.1974 |
|
Qualification : |
BE |
|
Date of Appointment : |
12.02.2011 |
|
PAN No.: |
ANZPS6085M |
|
DIN No.: |
01249904 |
|
|
|
|
Name : |
Mr. Vikas Bhawanishankar Sharma |
|
Designation : |
Additional Director |
|
Address : |
Bhawani Towers, B Wing, Fourth Floor, I. I. T. Powai, Mumbai – 400076,
Maharashtra, India |
|
Date of Birth/Age : |
16.02.1978 |
|
Qualification : |
BE |
|
Date of Appointment : |
12.02.2011 |
|
PAN No.: |
AMWPS2364P |
|
DIN No.: |
01344759 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
52.00 |
|
Directors or relatives of directors |
|
46.00 |
|
Other top fifty shareholders |
|
2.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in the business of construction of
Various Government/Semi-Government infrastructure projects. |
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
Not Availables |
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Bankers : |
State Bank of India, Industrial Finance Branch, Tara Chambers,2nd Floor, Near Mariaai Police Chowky, Old Pune Mumbai Highway, Wakdewadi, Pune - 411003, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
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|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Mahorkar Khandelwal Mantri Nune And Company Chartered Accountants |
|
Address : |
C Wing, A Office, 1st Floor, Bharat Bazar, API Corner, Aurangabad, Maharashtra, India |
|
PAN No.: |
AARFM5559M |
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|
|
|
Holding Company : |
Supreme Infrastructure India Limited |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
27000000 |
Equity Shares |
Rs.10/- each |
Rs.270.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23889506 |
Equity Shares |
Rs.10/- each |
Rs.238.895 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 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
238.895 |
90.504 |
90.504 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
276.410 |
143.674 |
114.450 |
|
|
4] (Accumulated Losses) |
0.000 |
273.022 |
50.032 |
|
|
NETWORTH |
515.305 |
507.200 |
254.986 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
743.120 |
698.155 |
641.462 |
|
|
2] Unsecured Loans |
32.099 |
47.925 |
44.118 |
|
|
TOTAL BORROWING |
775.219 |
746.080 |
685.580 |
|
|
DEFERRED TAX LIABILITIES |
1.330 |
1.346 |
1.905 |
|
|
|
|
|
|
|
|
TOTAL |
1291.854 |
1254.626 |
942.471 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
77.487 |
85.634 |
91.191 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.258 |
1.258 |
2.559 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
601.867
|
501.333 |
476.691 |
|
|
Sundry Debtors |
1239.228
|
564.942 |
427.113 |
|
|
Cash & Bank Balances |
47.837
|
60.597 |
10.405 |
|
|
Other Current Assets |
249.745
|
199.881 |
41.901 |
|
|
Loans & Advances |
35.350
|
107.844 |
63.955 |
|
Total
Current Assets |
2174.027
|
1434.597 |
1020.065 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
860.441
|
157.968 |
159.628 |
|
|
Other Current Liabilities |
69.975
|
88.617 |
0.000 |
|
|
Provisions |
30.502
|
20.278 |
23.095 |
|
Total
Current Liabilities |
960.918
|
266.863 |
182.723 |
|
|
Net Current Assets |
1213.109
|
1167.734 |
837.342 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.200 |
|
|
Other Assets |
0.000 |
0.000 |
11.179 |
|
|
|
|
|
|
|
|
TOTAL |
1291.854 |
1254.626 |
942.471 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2501.321 |
1253.028 |
1106.065 |
|
|
|
Other Income |
3.143 |
2.120 |
2.827 |
|
|
|
TOTAL (A) |
2504.464 |
1255.148 |
1108.892 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2471.269 |
1215.363 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(230.160) |
(150.400) |
|
|
|
|
Employee benefit expense |
8.732 |
4.743 |
|
|
|
|
Other expenses |
24.067 |
15.215 |
|
|
|
|
TOTAL (B) |
2273.908 |
1084.921 |
981.123 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
230.556 |
170.227 |
127.769 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
127.887 |
110.098 |
99.049 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
102.669 |
60.129 |
28.720 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.223 |
10.849 |
11.961 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
92.446 |
49.280 |
16.759 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
30.483 |
14.777 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
61.963 |
34.503 |
16.759 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.04 |
3.81 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.47 |
2.75 |
1.51 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.70 |
3.93 |
1.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.11 |
3.24 |
1.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.10 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.50 |
1.47 |
2.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.26 |
5.38 |
5.58 |
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 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
Term loans from others |
32.099 |
47.925 |
|
|
|
|
|
Total |
32.099 |
47.925 |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U45209PN2006PLC128709 |
|
Name of the
company |
RUDRANEE
INFRASTRUCTURE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
10-11, Phuwari Apartments, Sahu College Road, Sahakar Nagar, Pune –
411009, Maharashtra, India E-mail: cs@supremeinfra.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10039717 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, Tara Chambers,2nd Floor, Near Mariaai Police Chowky, Old Pune Mumbai Highway, Wakdewadi, Pune - 411003, Maharashtra, India E-mail: pragyan.sahoo@sbi.co.in
|
|
Nature of
instrument creating charge |
Supplemental Agreement
of Hypothecation of Goods and Assets for increase in the Overall Limit (Form
C.2-A), Supplementary Agreement of Loan for increase in the Overall Limit
(Form C.A.-1), Letter regarding the Grant of individual limit within the
Overall Limit (FormC.5) and Deed of Guarantee(S), All these documents
executed to create charge against all the present and future entire current
assets and immovable assets of the Borrower Company. |
|
Date of
instrument Creating the charge |
30.03.2013 |
|
Amount secured by
the charge |
Rs.1150.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest FBWC-CC and
inclusive of all project limits: Above 4% on BR. Present effective rate:
13.70%p.a. For BG: Commission on Standard Norms. Penal Interest on default as
per RBI's Directives. Terms of
Repayment On Demand however
review will be taken after 12 months. The tenor would be of 12 months. Tenor
of Book Debts: 120 days where as the Tenor of LC: 180 Days. Margin Stock in process
and Finished Stock: 35% Book Debts (Cover Period 120 Days.): 25% For LC: 25% For BG: 10% Extent and
Operation of the charge SBI IFB Pune
under Project Finance will have exclusive charge on Project Stocks,WIP and
Receivables generated through the Projects for which the credit facilities
are granted by the Bank and as denoted in the Sanction Letter itself .SBI IFB
Pune will have 1st charge on stocks, WIP and Book Debts, Plant and Machinery
Company has extended collateral security of immovable properties of the
Directors, Lien over LIC Policies along with Personal Guarantee and Corporate
Guarantee. Others The Company by
virtue of the Board Resolution Dated 21.03.2013,has given assent to all the
Terms and Conditions, Covenants, as per Bank's Sanction Letter No
IFB/CREDIT/AMT-V/2012-13/432 Dated 15/03/2013 and have executed the related
loan document(s)/Agreement(s) through the Director(s),who have received and signed the documents in physical form
and who have been authorized to file eform-8 to carry-out the modifications
in the existing limits/securities and scope on agreed terms. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
1st charge on
Stocks, WIP and Book Debts .For Project specific CC-1 exclusive charge on
project stocks, WIP and receivables of Manor wada Bhiwandi Project. Escrow of
Cash Flow. For Project
specific CC-2 exclusive charge on project stocks, WIP and receivables of Nagpur,
Escrow of payment from Variegate Projects Pvt. Ltd. in favour of SBI IFB.
Exclusive charge on project stocks, For Project specific CC-3 exclusive
charge on project stocks, WIP and receivables of AKT in favour of SBI IFB
Pune, Escrow of payment from Supreme Infrastructure Limited Collateral: 1st
charge on a) movable, fixed assets i.e
Plant and machineries b) Assignment of LIC Policy of Shri Vivek and Arun
Deshpande c) Bank's Term Deposited) Mortgage of residential bungalow situated
at P.No.2S.No. 12(p) Prabhat Nagar Property No.c-126 -ward-F Shanoorwadi
Aurangabad having land area of 1533 sq. mtrs. e) Mortgage of residntial
bungalow situated at .Garkheda Aurnagabad having land area of 560 sq. mtrs.
f) Mortgage of free hold plot of a-1+1 acres and b-2+9 acres c-1+ acres and
c-2+9 acres situate at Gut No.650 S.No.67 Opposite Sahara City Homes
Chikalthana Aurangabad.g) Mortgage of Agri Land situated at Gut No64 at
Nashtrawadi located at Nakshtrawadi Taluka and District Aurangabad having
land area of 81R (2acres) h) SBIShield Policy in name of Vivek Deshpande. i) Lien on SIIL
Shares up to 25% Personal Guarantee of Vivek Deshpande and Arun Deshpande and
Vikram Sharma and Corporate Guarantee of Supreme Infrastructure India
Limited. |
|
Particulars of
the present modification |
By this present
modification, the existing limit of Rs.1093.100 Millions has been raised to
Rs.1150.000 Millions |
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
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.56.24 |
|
|
1 |
Rs.84.54 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
34 |
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.