MIRA INFORM REPORT
|
Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE ASSET RECONSTRUCTION COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Reliance Centre, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai –
400038, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.04.2006 |
|
|
|
|
Com. Reg. No.: |
11-161190 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1000.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH2006PLC161190 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR20971G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR3968G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability
Company. |
|
|
|
|
Line of Business
: |
Subject operates as an asset reconstruction and debt recovery company
and also engages in the settlement of debt and securitization, as well as
acts as an agent of banks/financial institutions. |
|
|
|
|
No. of Employees
: |
Information declined by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Reliance Group. It is a well-established company
having fine track record. Profit of the company has declined during financial year 2014. However, the rating reflects strong managerial and financial support
that company receives from group companies marked by decent capital base and
healthy liquidity position of the company. Trade relations are reported as fair. Business is active. Payment are
reported to be regular and as per commitment. The company can be considered good 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs could
number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term debt programme = A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
September 2014. |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term bank lines = A1+ |
|
Rating Explanation |
Strong degree of safety and lowest credit risk. |
|
Date |
September 2014. |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Reji John |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9323620626 |
|
Date : |
04.11.2014 |
LOCATIONS
|
Registered Office : |
Reliance Centre, 19, Walchand Hirachand Marg, Ballard Estate, Mumbai –
400 038, Maharashtra, India |
|
Tel. No.: |
91-22-30479306 |
|
Mobile No.: |
91-9323620626 (Mr. Reji John) |
|
Fax No.: |
91-22-30479868 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Office : |
570, Rectifier House, 2nd Floor, Naigaum Cross Road, Near
Royal Industrial Estate, Wadala (West), Mumbai – 400031, Maharashtra, India |
|
Tel. No.: |
91-22-30479256 |
|
Fax No.: |
91-22-304798688 |
DIRECTORS
As On 02.08.2014
|
Name : |
Deena Asit Mehta |
|
Designation : |
Director |
|
Address : |
17-A, Abhilasha Building, August Kranti Marg, Mumbai – 400036,
Maharashtra, India |
|
Date of Birth/Age : |
18.02.1961 |
|
Date of Appointment : |
02.08.2014 |
|
DIN No.: |
00168992 |
|
|
|
|
Name : |
Sujal Anil Shah |
|
Designation : |
Director |
|
Address : |
701, 7th Floor Mayfair Kumkum Co-Operative Housing Society
Limited, CTS No. 772, S V, Andheri – West, Mumbai – 400058, Maharashtra,
India |
|
Date of Birth/Age : |
20.06.1957 |
|
Qualification : |
C. A. |
|
Date of Appointment : |
02.08.2014 |
|
|
|
|
DIN No.: |
00058019 |
|
Name : |
Rishi Pal Arora |
|
Designation : |
Director |
|
Address : |
A – 123, Naperol Towers Condominium, Dr. Rakidwai Marg, Wadala, Mumbai
– 400031, Maharashtra, India |
|
Date of Birth/Age : |
20.06.1957 |
|
Date of Appointment : |
18.06.2014 |
|
DIN No.: |
06899397 |
|
|
|
|
Name : |
Radha Binod Barman |
|
Designation : |
Director |
|
Address : |
A/1/1006, Rishi Garden, Film City Road, Malad (East), Mumbai – 400 097,
Maharashtra, India |
|
Date of Birth/Age : |
01.08.1948 |
|
Date of Appointment : |
02.08.2013 |
|
DIN No.: |
02612871 |
|
|
|
|
Name : |
Shrikant Shankar Rege |
|
Designation : |
Director |
|
Address : |
R-402, F-4, WP 845/848, Raheja Princess, Agar Bazar Road, Ahadur
Bander SK Bole Road, Dadar (West), Mumbai – 400 028, , Maharashtra,
India |
|
Date of Birth/Age : |
15.121956 |
|
Date of Appointment : |
02.08.2013 |
|
DIN No.: |
06554826 |
|
|
|
|
Name : |
Rajeevan Gangadharan Pillay |
|
Designation : |
Director |
|
Address : |
Flat No.2-B, Indian Bank Officer’s Bank Quarters, 9, Eldams Road,
Alwarpet, Chennai – 600 018, Tamilnadu, India |
|
Date of Birth/Age : |
19.05.1954 |
|
Date of Appointment : |
12.09.2013 |
|
DIN No.: |
06630480 |
|
Other
Directorship : |
|
KEY EXECUTIVES
|
Name : |
Sandeep Vrat |
|
Designation : |
Manager |
|
Address : |
Flat No.B-402, 4th Floor, Gundecha Heights, LBS Marg,
Kanjurmarg (West), Mumbai – 400 078, , Maharashtra, India |
|
Date of Birth/Age : |
30.12.1962 |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
AABPV4140R |
|
|
|
|
Name : |
Neema Tiwari |
|
Designation : |
Secretary |
|
Address : |
Flat No.202, Eden Garden Apartment, Sector – 5, Kharghar, Navi Mumbai –
410 210, Maharashtra, India |
|
Date of Birth/Age : |
22.02.1982 |
|
Date of Appointment : |
12.09.2013 |
|
PAN No.: |
AJWPN1608G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 02.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Capital Limited |
|
48964000 |
|
Corporation Bank |
|
11500000 |
|
General Insurance Corporation of India |
|
9000000 |
|
Indian Bank |
|
11500000 |
|
Dacecroft Limited |
|
9500000 |
|
Blue Ridge Limited |
|
5890000 |
|
Blue Ridge Offshore |
|
3610000 |
|
Reliance Capital Limited |
|
8000 |
|
Reliance Capital Limited |
|
7000 |
|
Reliance Capital Limited |
|
7000 |
|
Reliance Capital Limited |
|
7000 |
|
Reliance Capital Limited |
|
7000 |
|
Total |
|
100000000 |
As on 02.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
19.00 |
|
Bodies corporate |
49.00 |
|
Government Companies |
9.00 |
|
Nationalised/ Other Banks |
23.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject operates as an asset reconstruction and debt recovery company and
also engages in the settlement of debt and securitization, as well as acts as
an agent of banks/financial institutions. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
|
|
|
|
Bankers : |
|
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Enterprises
having significant influence over the Company : |
Reliance Capital Limited, India (CIN No.: L65910MH1986PLC165645) |
|
|
|
|
Trust
to which the Company acts as trustee : |
|
CAPITAL STRUCTURE
As On 02.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1000.000 Millions |
|
|
|
|
|
|
10,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 1100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100,000,000 |
Equity Shares |
Rs. 10/-
each |
Rs. 1000.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1000.000 |
1000.000 |
1000.000 |
|
(b) Reserves & Surplus |
250.351 |
217.225 |
141.236 |
|
(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) |
1250.351 |
1217.225 |
1141.236 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
18.937 |
|
(d) long-term
provisions |
2.365 |
1.668 |
1.661 |
|
Total Non-current
Liabilities (3) |
2.365 |
1.668 |
20.598 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(c) Other
current liabilities |
88.559 |
22.951 |
59.164 |
|
(d) Short-term
provisions |
35.152 |
8.035 |
2.337 |
|
Total Current
Liabilities (4) |
123.711 |
30.986 |
61.501 |
|
|
|
|
|
|
TOTAL |
1376.427 |
1249.879 |
1223.335 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.035 |
0.025 |
0.031 |
|
(b) Non-current Investments |
451.896 |
64.715 |
42.510 |
|
(c) Deferred tax assets (net) |
3.919 |
1.798 |
0.821 |
|
(d) Long-term Loan and Advances |
537.472 |
49.898 |
18.937 |
|
(e) Other
Non-current assets |
55.130 |
892.040 |
520.248 |
|
Total Non-Current
Assets |
638.452 |
1008.476 |
582.547 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
8.167 |
27.563 |
|
(d) Cash
and cash equivalents |
313.003 |
220.002 |
504.098 |
|
(e)
Short-term loans and advances |
11.218 |
11.330 |
90.636 |
|
(f) Other
current assets |
3.754 |
1.904 |
18.491 |
|
Total
Current Assets |
327.975 |
241.403 |
640.788 |
|
|
|
|
|
|
TOTAL |
1376.427 |
1249.879 |
1223.335 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
69.732 |
44.354 |
97.727 |
|
|
|
Other Income |
74.468 |
99.844 |
99.839 |
|
|
|
TOTAL (A) |
144.200 |
144.198 |
197.566 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefit expenses |
17.857 |
17.064 |
18.669 |
|
|
|
Other expenses |
22.663 |
12.949 |
10.126 |
|
|
|
TOTAL (B) |
40.520 |
30.013 |
28.795 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
103.680 |
114.185 |
168.771 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.320 |
1.668 |
4.994 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
103.360 |
112.517 |
163.777 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.006 |
0.006 |
0.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
103.354 |
112.511 |
163.771 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
35.130 |
36.523 |
53.260 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
68.224 |
75.988 |
110.511 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.68 |
0.76 |
1.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
97.83
|
171.32 |
113.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
148.68
|
257.44 |
172.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.50 |
9.00 |
9.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.09 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.65 |
7.79 |
10.42 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1000.000 |
1000.000 |
1000.000 |
|
Reserves & Surplus |
141.236 |
217.225 |
250.351 |
|
Net
worth |
1141.236 |
1217.225 |
1250.351 |
|
|
|
|
|
|
long-term borrowings |
18.937 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
18.937 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.017 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
97.727 |
44.354 |
69.732 |
|
|
|
(54.614) |
57.217 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
97.727 |
44.354 |
69.732 |
|
Profit |
110.511 |
75.988 |
68.224 |
|
|
113.08% |
171.32% |
97.84% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT
Rs in millions
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturity of Long Term Borrowings |
0.000 |
9.613 |
27.563 |
|
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 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 |
No |
|
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 |
Yes |
|
34] |
External
Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10519362 |
08/09/2014 |
500,000,000.00 |
ING VYSYA BANK LIMITED |
22, M G
ROAD,BANGALORE, BANGALORE, Karnataka - 560 |
C20133773 |
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. 61.41 |
|
|
1 |
Rs. 98.06 |
|
Euro |
1 |
Rs. 76.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
60 |
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.