MIRA INFORM REPORT
|
Report Date : |
12.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE UTILITIES AND POWER PRIVATE LIMITED (w.e.f. 25.10.2008) |
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Formerly Known
As : |
RELIANCE UTILITIES AND POWER LIMITED (w.e.f. 04.06.1997) RELIANCE UTILITIES AND POWER PRIVATE LIMITED (w.e.f. 31.04.1997) RELIANCE THERMAL POWER PRIVATE LIMITED |
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Registered
Office : |
CPP Control Room, Village Padana, Taluka Lalpur, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
04.01.1991 |
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Com. Reg. No.: |
04-051130 |
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Capital
Investment / Paid-up Capital : |
Rs.1832.500
Millions |
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CIN No.: [Company Identification
No.] |
U40100GJ1991PTC051130 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACR3893B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Generation and Distribution of Power. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (78) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of ‘Reliance Utilities Private Limited’. It is
a well-established and a reputed company having excellent track record. Management has changed the financial year ending on June 30, 2014 to
close on March 31, 2014 for 9 months and subsequent for a period of 12 month
from April 1 to March 31 every year. The financial position of the company is sound and healthy. Directors are
well – experienced and knowledgeable businessmen. Trade relations are trustworthy. Business is active. Payment term are
regular and as per commitment. The company can be considered good for 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.
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go
slowly 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 |
CARE |
|
Rating |
Non-Convertible Debentures = AAA |
|
Rating Explanation |
Highest degree of safety and lowest credit
risk |
|
Date |
14.10.2014 |
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
Management Non Co-Operative (Tel No.: 91-22-29770000)
LOCATIONS
|
Registered Office : |
CPP Control Room, Village Padana, Taluka Lalpur, Jamnagar - 361280,
Gujarat, India |
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Tel. No.: |
91-22-29770000 |
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Fax No.: |
Not Available |
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E-Mail : |
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Corporate Office : |
3rd Floor, Maker Chambers IV, 222 Nariman Point, Mumbai -
400021, Maharashtra, India |
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Tel. No.: |
91-22-22785500 |
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Fax No.: |
91-22-22785560 |
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E-Mail : |
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Refinery and
Manufacturing Facilities: |
Located at
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DIRECTORS
As on 31.12.2013
|
Name : |
Mr. Kamal Pantilal Nanavaty |
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Designation : |
Director |
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Address : |
61, Radheya Plot No.359, 14th Road, Khar (West),
Mumbai-400052, Maharashtra, India |
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Date of Birth/Age : |
22.11.1945 |
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Date of Appointment : |
19.02.1996 |
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DIN No.: |
00001580 |
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Name : |
Mr. Satish Ramanlal Parikh |
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Designation : |
Director |
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Address : |
6 Neeta Apartment, Shimpoli Road, Borivali, Mumbai-400092,
Maharashtra, India |
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Date of Birth/Age : |
12.01.1955 |
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Date of Appointment : |
04.02.2005 |
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DIN No.: |
00094560 |
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Name : |
Mr. Virender Kumar Gandhi |
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Designation : |
Director |
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Address : |
15/1101, Seawoods Estates NRI Complex, Sector-54, 56 and 58, Palm
Beach Road, Nerul, Navi Mumbai-400706, Thane, Maharashtra, India |
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Date of Birth/Age : |
12.10.1955 |
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Date of Appointment : |
07.01.2002 |
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DIN No.: |
00012921 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh Poosraj Lahoti |
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Designation : |
Secretary |
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Address : |
Flat No. 502, A Wing, Garden Court CHS Limited, Behind Temba Hospital
Road, Bhayandar (West), Thane – 401101, Maharashtra, India |
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Date of Birth/Age : |
23.09.1983 |
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Date of Appointment : |
14.02.2012 |
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PAN No.: |
ABYPL8355J |
MAJOR SHAREHOLDERS
As on 31.12.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Reliance Industries Limited, India
|
5200000 |
99.72 |
|
Reliance Industries Holding Private Limited, India |
1827258346 |
0.28 |
|
Total |
1832458346 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 31.12.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Generation and Distribution of Power |
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Products : |
-- |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information denied by management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Chaturvedi and Shah Chartered Accountants |
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Address : |
714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai-400021,
Maharashtra, India |
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PAN No.: |
AAAFC0662N |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
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Ultimate Holding Company : |
CIN No.: U51100GJ2005PTC046468 |
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Subsidiary Company
: |
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Fellow Subsidiary
Company : |
CIN No.: U51900MH2000PTC125501
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Associate : |
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Others : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
2500000000 |
Equity Shares |
Rs.1/- each |
Rs.2500.000 Millions |
|
10000000 |
Preference Shares |
Rs.100/- each |
Rs.1000.000 Millions |
|
|
Total |
|
Rs.3500.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
1832458346 |
Equity Shares |
Rs.1/- each |
Rs.1832.500
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 (9 Months) |
31.06.2013 (12 Months) |
31.06.2012 (12 Months) |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
1,832.500 |
1,832.500 |
1,320.100 |
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(b) Reserves & Surplus |
57,241.400 |
40,545.700 |
35,334.600 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
512.400 |
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Total
Shareholders’ Funds (1) + (2) |
59,073.900 |
42,378.200 |
37,167.100 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
26,366.000 |
38,413.600 |
23,873.200 |
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(b) Deferred tax liabilities (Net) |
291.300 |
210.600 |
231.600 |
|
(c) Other long term
liabilities |
3,944.600 |
3,500.000 |
3,500.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
30,601.900 |
42,124.200 |
27,604.800 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade
payables |
340.300 |
438.700 |
285.800 |
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(c) Other
current liabilities |
17,816.400 |
4,893.000 |
9,930.700 |
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(d) Short-term
provisions |
6.000 |
4.700 |
7.900 |
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Total Current
Liabilities (4) |
18,162.700 |
5,336.400 |
10,224.400 |
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TOTAL |
107,838.500 |
89,838.800 |
74,996.300 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
27,063.200 |
14,041.400 |
16,534.500 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
5,194.400 |
3,983.500 |
44.600 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5,002.200 |
15,002.200 |
10,002.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
54,800.600 |
45,418.200 |
38,423.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
92,060.400 |
78,445.300 |
65,004.300 |
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
12,004.400 |
6,025.500 |
5,196.100 |
|
(b)
Inventories |
364.500 |
561.000 |
474.600 |
|
(c) Trade
receivables |
2,062.400 |
2,268.500 |
1,868.200 |
|
(d) Cash
and cash equivalents |
10.700 |
70.000 |
2.700 |
|
(e)
Short-term loans and advances |
75.900 |
2,264.900 |
2,246.800 |
|
(f) Other
current assets |
1,260.200 |
203.600 |
203.600 |
|
Total
Current Assets |
15,778.100 |
11,393.500 |
9,992.000 |
|
|
|
|
|
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TOTAL |
107,838.500 |
89,838.800 |
74,996.300 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (9 Months) |
31.06.2013 (12 Months) |
31.06.2012 (12 Months) |
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INCOME |
NA |
NA |
NA |
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EXPENSES |
NA |
NA |
NA |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
8,510.700 |
11,995.700 |
10,526.100 |
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Less |
FINANCIAL
EXPENSES |
2,083.400 |
2,782.300 |
3,366.600 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6,427.300 |
9,213.400 |
7,159.500 |
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Less |
DEPRECIATION/
AMORTISATION |
3,204.600 |
1,640.400 |
2,458.700 |
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PROFIT/(LOSS)
BEFORE TAX |
3,222.700 |
7,573.000 |
4,700.800 |
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Less |
TAX |
1,210.800 |
1,518.900 |
609.400 |
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PROFIT/(LOSS)
AFTER TAX |
2,011.900 |
6,054.100 |
4,091.400 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
24,110.200 |
17,815.200 |
14,587.200 |
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
762.800 |
(240.300) |
793.400 |
|
|
|
Interim Dividend |
0.000 |
(0.600) |
70.000 |
|
|
BALANCE CARRIED
TO THE B/S |
25,359.300 |
24,110.200 |
17,815.200 |
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|
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|
Earnings /
(Loss) Per Share (Rs.) |
1.11 |
3.34 |
3.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (9 Months) |
31.06.2013 (12 Months) |
31.06.2012 (12 Months) |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.30 |
10.69 |
7.24 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.18 |
0.13 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.91 |
0.64 |
|
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.87 |
2.14 |
0.98 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
30.06.2012 |
30.06.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
1320.100 |
1832.500 |
1832.500 |
|
Reserves & Surplus |
35334.600 |
40545.700 |
57241.400 |
|
Share Application money pending allotment |
512.400 |
0.000 |
0.000 |
|
Net
worth |
37167.100 |
42378.200 |
59073.900 |
|
|
|
|
|
|
Long Term borrowings |
23873.200 |
38413.600 |
26366.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
23873.200 |
38413.600 |
26366.000 |
|
Debt/Equity
ratio |
0.642 |
0.906 |
0.446 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
30.06.2013 |
30.06.2012 |
|
|
|
|
|
|
Current maturities of long term debt |
14244.000 |
4206.800 |
9690.200 |
|
Total |
14244.000 |
4206.800 |
9690.200 |
|
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
30.06.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Non-convertible debentures banks |
0.000 |
1000.000 |
|
Non-convertible debentures intercorporate |
0.000 |
250.000 |
|
Non-convertible debentures others |
0.000 |
8750.000 |
|
Total |
0.000 |
10000.000 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10528282 |
23/09/2014 |
20,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai, Maharashtra - 400025, India |
C24825630 |
|
2 |
10451685 |
17/10/2013 * |
20,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai, Maharashtra - 400025, India |
B87102430 |
|
3 |
10387790 |
02/11/2007 |
19,550,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai, Maharashtra - 400025, India |
B62482583 |
|
4 |
90354984 |
28/07/2001 * |
1,750,000,000.00 |
UTI BANK Limited |
Cuffe Parade, Mumbai, Maharashtra, India |
- |
|
5 |
90354948 |
27/11/1998 |
3,000,000,000.00 |
Infrastructure Development Finance Corporation |
760; Anna Salai, Chennai, Tamil Nadu, India |
- |
|
6 |
90354934 |
17/08/1999 * |
5,453,000,000.00 |
ICICI Limited |
Bandra Kurla Complex, Mumbai, Maharashtra, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
NEWS:
MUKESH FIRM TO
INVEST RS.120000.000 MILLIONS IN POWER
Reliance Industries Limited (RIL) chairman Mukesh Ambani is powering up to meet his ambitious Rs.1500000.000 Millions investment plan touching various sectors. Reliance Utilities and Power Private Limited, a subsidiary of an unlisted holding company owned by Ambani, is planning to set up power plants to produce 2,600 megawatts in additional capacity by 2014/15, involving an investment of around Rs.120000.000 Millions.
Notably, the investments in power, after telecoms, will mark the elder Ambani's significant expansion in another sector in which his sibling Anil Ambani's Reliance ADAG has major interests. With a non-compete agreement no longer binding the brothers after a division of family assets, business logic determines the growth plans
RIL plans to expand in the petrochemicals, oil refining, retail and telecom sectors, and power generation is essentially for captive use. Plants run by RUPPL currently generate 1,116 mw for RIL's existing units.
Sources close to RIL said the new power
projects will meet the requirements of the company's projects planned over the
next 3-4 years.
While an RIL spokesperson refused to comment, the sources confirmed that feasibility studies for the power projects, including the type of fuel to be used, are underway.
According to investment banking sources and brokerage houses, the new power projects will come up within Gujarat and close to the existing locations at Jamnagar, Hazira, Baroda, Nagothane and Dahej.
"Parleys are on for sourcing funds for these projects," confirmed an investment banking firm, seeking anonymity.
"Providing funds to the unlisted company is not an issue... moreover, Mukesh Ambani holds a stake in the unlisted power company," the source said.
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.61.55 |
|
UK Pound |
1 |
Rs.97.53 |
|
Euro |
1 |
Rs.76.84 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
9 |
|
OPERATING SCALE |
1~10 |
8 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
78 |
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.