MIRA
INFORM REPORT
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Report No. : |
335513 |
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Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
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Name : |
RHI CLASIL
PRIVATE LIMITED (W.E.F.17.07.2015) |
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Formerly Known
As : |
RHI
CLASIL LIMITED (W.E.F.25.01.2007) RHI CLASIL PRIVATE LIMITED (W.E.F.12.01.2007) CLASIL REFRACTRORIES PRIVATE LIMITED (W.E.F.07.12.2005) ARSHA CERAMICS PRIVATE LIMITED |
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Registered
Office : |
Plot No.195, Flat No.9, Srinilaya Apartments , Kavuri
Hills, Madhapur, |
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Tel. No.: |
91-40-23117786 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.12.2005 |
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Com. Reg. No.: |
36-048333 |
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Capital
Investment / Paid-up Capital : |
Rs.184.000 Million |
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CIN No.: [Company Identification
No.] |
U26914TG2005PTC048333 |
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IEC No.: |
0906008051 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
HYDA05895B |
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PAN No.: [Permanent Account No.] |
AAFCA4819H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Supplier, Manufacturer and Exporter of Refractories
Bricks, Anti Acid Bricks, Magnesia Carbon Brick, Carbon Brick |
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No. of Employees
: |
86 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 700000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Subject has achieved better growth in sales turnover and profit during
FY2014. General financial position of the company seems to be fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. Subject can be considered for business dealings at usual trade terms
and conditions. Note: As claimed by Sudhir Verma (Deputy Manager Account), subject was
incorporated on 07.12.2005 with the name of “RHI CLASIL LIMITED” but later it
got converted into Private Limited company and name of the said company was
changed to “RHI CLASIL PRIVATE LIMITED” from 17 July 2015. |
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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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India |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
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
31-03-2013.
INFORMATION PARTED BY
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Name : |
Mr. Sudhir Verma |
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Designation : |
Deputy Manager Account |
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Contact No.: |
91-8008550940 |
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Date : |
05.08.2015 |
LOCATIONS
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Registered Office : |
Plot No.195, Flat No.9, Srinilaya Apartments , Kavuri
Hills, Madhapur, Hyderabad – 500081, Telangana, India |
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Tel. No.: |
91-40-23117786 |
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Mobile No.: |
91-8008550940 (Mr. Sudhir Verma) |
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Fax No.: |
91-40-23112277 |
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E-Mail : |
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Website : |
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Location : |
Rented |
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Factory : |
Vekatapuram Village, Munagapaka Mandal, Paravada Vishakhapatnam –
531021, Andhra Pradesh, India |
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Tel. No.: |
91-891-2870801 |
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Fax No.: |
91-891-2870818 |
DIRECTORS
AS ON 30.09.2014
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Name : |
Rudraraju Venkata Raju |
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Designation : |
Managing Director |
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Address : |
8-2-120/112/A/9, Road No.9, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India |
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Date of Birth/Age : |
18.09.1945 |
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Date of Appointment : |
07.12.2005 |
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DIN No.: |
00390746 |
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Other Directorship :
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Name : |
Rudraraju Venkata Suryanarayana Raju |
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Designation : |
Director |
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Address : |
8-2-120/112/A/9, Plot No.A/9, Road No.9, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India |
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Date of Birth/Age : |
29.04.1971 |
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Date of Appointment : |
19.08.2014 |
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DIN No.: |
00425640 |
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Other Directorship :
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Name : |
George Mathew |
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Designation : |
Director |
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Address : |
D-2 Godrej Bayview 13th Floor, Number One Khan Abdul Fag Marg, Worli Seaface Road, Mumbai – 400025, Maharashtra, India |
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Date of Birth/Age : |
10.11.1952 |
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Date of Appointment : |
27.12.2006 |
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DIN No.: |
00908185 |
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Other Directorship :
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Name : |
Thomas Jakowiak |
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Designation : |
Director |
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Address : |
Stieglgatterl 427, Raab, 4760, Austria |
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Date of Birth/Age : |
08.04.1972 |
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Date of Appointment : |
09.03.2009 |
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DIN No.: |
02687368 |
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KEY EXECUTIVES
|
Name : |
Mr. Sudhir Verma |
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Designation : |
Deputy Manager Account |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
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Names of Shareholders |
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No. of Shares |
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Rudraraju Srinivas Shah |
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5000 |
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Dr. Rudraraju Venkata Raju |
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300000 |
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Rudraraju Venkata Suryanarayana Raju |
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1250000 |
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A.V. Narasimha Raju |
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1800000 |
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K. Aruna Kumari |
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200000 |
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K. Pavan Kumar |
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250000 |
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K. Pradeep Kumar |
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50000 |
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A. Srinivasa Raju |
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500000 |
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P. Raghava Raju |
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50000 |
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VRD Americas B.V. |
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9884100 |
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R. Udaya Rekha |
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4110900 |
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Total |
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18400000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
53.72 |
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Directors or relatives of Directors |
46.28 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Supplier, Manufacturer and Exporter of Refractories Bricks,
Anti Acid Bricks, Magnesia Carbon Brick, Carbon Brick |
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Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Vietnam ·
China ·
Malaysia |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
China ·
Germany |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
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Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
86 (Approximately). |
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Bankers : |
·
ICICI Bank, Jubilee Hill, Hyderabad, Telangana,
India |
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Auditors : |
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Name : |
BSR and COMPANY Chartered Accountant |
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Address : |
Reliance Humsafar, IV Floor, Road No.11 Banajara Hills, Hyderabad, Telangana, India |
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PAN No.: |
AAIFB0630K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
VRD Americas B.V, Netherlands |
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Ultimate Holding
Company : |
RHI AG, Vienna, Austria |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Radex Vertriebsgellschaft M.B.H · Refractory Intellectual Property GMBH and Company, KG · RHI India Private Limited · RHI Refractories Asia Private Limited, Hong Kong · RHI Refractories Liaoning Co. Ltd · Orient Refractories Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
18400000 |
Equity Shares |
Rs.10/- each |
Rs. 184.000 Million |
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Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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|
18400000 |
Equity Shares |
Rs.10/- each |
Rs. 184.000
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
184.000 |
184.000 |
184.000 |
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(b) Reserves & Surplus |
67.963 |
20.737 |
13.829 |
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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 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
251.963 |
204.737 |
197.829 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
492.522 |
344.420 |
270.101 |
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(b) Deferred tax liabilities (Net) |
0.000 |
12.752 |
7.451 |
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(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
4.825 |
4.893 |
3.385 |
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Total Non-current Liabilities (3) |
497.347 |
362.065 |
280.937 |
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(4) Current Liabilities |
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(a) Short term borrowings |
121.191 |
112.394 |
117.086 |
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(b) Trade payables |
293.059 |
305.168 |
128.922 |
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(c) Other current
liabilities |
568.635 |
378.801 |
43.357 |
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(d) Short-term provisions |
23.867 |
18.722 |
6.930 |
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Total Current Liabilities (4) |
1006.752 |
815.085 |
296.295 |
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TOTAL |
1756.062 |
1381.887 |
775.061 |
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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 |
409.630 |
312.085 |
329.639 |
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(ii) Intangible Assets |
0.814 |
0.619 |
0.000 |
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(iii) Capital
work-in-progress |
5.518 |
29.427 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
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(c) Deferred tax assets (net) |
3.509 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
9.843 |
22.778 |
3.193 |
|
(e) Other Non-current assets |
0.162 |
0.000 |
1.350 |
|
Total Non-Current Assets |
429.476 |
364.909 |
334.182 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
388.810 |
314.049 |
247.933 |
|
(c) Trade receivables |
314.053 |
254.636 |
135.282 |
|
(d) Cash and cash
equivalents |
51.151 |
31.708 |
20.412 |
|
(e) Short-term loans and
advances |
560.234 |
407.094 |
37.116 |
|
(f) Other current assets |
12.338 |
9.491 |
0.136 |
|
Total Current Assets |
1326.586 |
1016.978 |
440.879 |
|
|
|
|
|
|
TOTAL |
1756.062 |
1381.887 |
775.061 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1632.638 |
1510.968 |
1092.537 |
|
|
Other Income |
25.692 |
4.187 |
0.961 |
|
|
TOTAL |
1658.330 |
1515.155 |
1093.498 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1185.122 |
1060.930 |
734.515 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(67.123) |
(26.487) |
(9.981) |
|
|
Employees benefits expense |
84.619 |
77.914 |
67.151 |
|
|
Other expenses |
278.570 |
269.004 |
207.878 |
|
|
TOTAL |
1481.188 |
1381.361 |
999.563 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
177.142 |
133.794 |
93.935 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
31.146 |
26.740 |
21.600 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
145.996 |
107.054 |
72.335 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
35.750 |
31.127 |
29.450 |
|
|
|
|
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|
|
|
PROFIT BEFORE
TAX |
110.246 |
75.927 |
42.885 |
|
|
|
|
|
|
|
Less |
TAX |
30.730 |
36.941 |
21.526 |
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|
|
|
|
|
|
|
PROFIT AFTER TAX
|
79.516 |
38.986 |
21.359 |
|
|
|
|
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|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
710.939 |
765.960 |
0.000 |
|
|
TOTAL EARNINGS |
710.939 |
765.960 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
595.773 |
577.998 |
318.989 |
|
|
Capital Goods |
54.932 |
15.789 |
4.391 |
|
|
TOTAL IMPORTS |
650.705 |
593.787 |
323.380 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.32 |
2.12 |
1.16 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2500.000 |
|
|
|
|
|
Expected Sales (2015-16): Rs. 2500.000 Million
The above information has been parted by Mr. Sudhir Verma (Deputy
Manager Accounts).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.87 |
2.58 |
1.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
10.85 |
8.85 |
8.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.31 |
5.61 |
5.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44 |
0.37 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.44 |
2.23 |
1.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.25 |
1.49 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
184.000 |
184.000 |
184.000 |
|
Reserves & Surplus |
13.829 |
20.737 |
67.963 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
197.829 |
204.737 |
251.963 |
|
|
|
|
|
|
long-term borrowings |
270.101 |
344.420 |
492.522 |
|
Short term borrowings |
117.086 |
112.394 |
121.191 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
387.187 |
456.814 |
613.713 |
|
Debt/Equity
ratio |
1.957 |
2.231 |
2.436 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1092.537 |
1510.968 |
1632.638 |
|
|
|
38.299 |
8.052 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1092.537 |
1510.968 |
1632.638 |
|
Profit |
21.359 |
38.986 |
79.516 |
|
|
1.95% |
2.58% |
4.87% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
Subject was incorporated on December 7, 2005 as a private limited company under the name and style of Arsha Ceramics Private Limited under the provisions of Companies Act, 1956. Subsequently the name of the Company was changed to Clasil Refractories Private Limited on April 17, 2006. Subsequent to the acquisition of 51% stake by VRD Americas B.V, Netherlands (wholly owned subsidiary of RHI AG, Austria) the name of the Company was changed to RHI Clasil Private Limited on 12 January 2007. Further, the Company registered as a limited Company in the name of RHI Clasil Limited on 25 January 2007. The Company is a subsidiary of VRD Americas B.V, Netherlands. Subject is engaged in the manufacture and sale of refractory bricks and other refractory products.
REVIEW OF OPERATIONS:
The commercial operations of the company with regard to the manufacture of refractory bricks and other refractory products have stabilized and the company has been executing the orders including the export orders with strict and stringent specifications giving utmost thrust on quality. During the year, the company has produced 32,900 MT of total units of Refractory bricks and products as against 36,225 MT of total units produced during the previous year.
Members would be delighted to note that the company’s product is well recognized in the International markets and company is holding sufficient export orders on hand. During the year, the company has posted a Gross Income of Rs. 1658.330 Million (previous year Rs. 1515.155 Million) and after providing for financial charges and depreciation has resulted in a net profit after tax of Rs. 79.516 Million (Previous year net profit after tax of Rs.38.986 Million).
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from others |
492.522 |
344.420 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from banks |
94.230 |
112.393 |
|
Loans repayable on demand from others |
26.961 |
0.000 |
|
Total |
613.713 |
456.813 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixture
·
Vehicles
·
Office Equipments
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. 63.81 |
|
|
1 |
Rs. 99.15 |
|
Euro |
1 |
Rs. 69.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.