MIRA INFORM REPORT
|
Report No. : |
336193 |
|
Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE CORPORATE IT PARK LIMITED (w.e.f. 10.03.2008) |
|
|
|
|
Formerly Known
As : |
RELENE PETROCHEMICALS LIMITED RELENE PETROCHEMICALS PRIVATE LIMITED
(w.e.f. 15.04.2004) REAL EXPERT RESOURCES PRIVATE LIMITED
(w.e.f. 22.09.2003) DREAM CONSULTANCY SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Reliance Corporate Park, Building No. 4, 5TTC Industrial Area, Thane
Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra |
|
Tel. No.: |
91-22-44770000 |
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|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.04.2001 |
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|
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|
Com. Reg. No.: |
11-131458 |
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Capital
Investment / Paid-up Capital : |
Rs. 29763.200 Million |
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|
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CIN No.: [Company Identification
No.] |
U74140MH2001PLC131458 |
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IEC No.: |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR17044G |
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|
|
PAN No.: [Permanent Account No.] |
AABCD7169H |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Providing IT
Support Services Including Manpower and All Other Activities. |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 82000000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is part of “Reliance Group” and it is an established company
having satisfactory track record. The company has reported accumulated loss for past three years marked
by low profitability margin from its operations. The company show sound
operational risk profile backed by modest coverage indicators. However, it receives strong financial and managerial supports form its
holding company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of strong support from its holding, the company can be
considered 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.
EXTERNAL AGENCY RATING
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 DENIED BY
|
Name : |
Mr. Rajagopal Subramanian |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-22-44770000 |
LOCATIONS
|
Registered Office : |
Reliance Corporate Park, Building No. 4, 5TTC Industrial Area, Thane
Belapur Road, Ghansoli, Navi Mumbai – 400701, Maharashtra, India |
|
Tel. No.: |
91-22-44770000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Indubhai Fulchan Sheth |
|
Designation : |
Director |
|
Address : |
401- A, Falcon Castle Co-operative Housing Society Limited, Senapati Bapat
Marg, Elphinstone, Mumbai - 400012, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1933 |
|
Date of Appointment : |
23.03.2004 |
|
Din No.: |
00004353 |
|
|
|
|
Name : |
Mr. Rohit Chhannalal Shah |
|
Designation : |
Director |
|
Address : |
B-901/902 shanker Park Opposite Suman Apartment, Shankar Lane,
Kandivali (West), Mumbai - 400067, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1954 |
|
Date of Appointment : |
02.04.2001 |
|
Din No.: |
00006087 |
|
|
|
|
Name : |
Mr. Arvind Bhushan Modgil |
|
Designation : |
Director |
|
Address : |
T-9/202 Sea Breeze Co-operative Housing Society Limited, Sector 16,
Plot No16, Nerul, Navi Mumbia - 400701, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1949 |
|
Date of Appointment : |
13.09.2004 |
|
Din No.: |
00023544 |
|
|
|
|
Name : |
Mr. Virenderkumar Gandhi |
|
Designation : |
Director |
|
Address : |
15/1101, Seawoods Estates, NRI Complex, Sector 54, 56 and 58, Navi
Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
12.10.1955 |
|
Date of Appointment : |
12.10.2011 |
|
Din No.: |
00012921 |
KEY EXECUTIVES
|
Name : |
Shreya Ramkrishnan |
|
Designation : |
Secretary |
|
Address : |
B-305, Archana Ambika Nagar, Mahatma Gandhi Road, Dombivli (West), Thane
- 421202, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1984 |
|
Date of Appointment : |
19.01.2012 |
|
Pan No.: |
ANTPR4313D |
|
|
|
|
Name : |
Mr. Ramakant Singru |
|
Designation : |
Manager |
|
Address : |
Keshav Row House, Plot No. 75, Sector 3, Koparkhairane, Navi Mumbai,
Thane - 400709, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1960 |
|
Date of Appointment : |
08.09.2014 |
|
Pan No.: |
AEIPS0671P |
|
|
|
|
Name : |
Mr. Rajagopal Subramanian |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Reliance Commercial Land and Infrastructure Limited, India |
2379994080 |
|
Arun K Jain jointly
with Reliance Commercial Land and Infrastructure Limited, India |
100 |
|
K Sethuraman
jointly with Reliance Commercial Land and Infrastructure Limited, India |
100 |
|
Indubhai Sheth jointly
with Reliance Commercial Land and Infrastructure Limited, India |
50 |
|
V. Subramaniam
jointly with Reliance Commercial Land and Infrastructure Limited, India |
50 |
|
Sridhar
Kothandaraman jointly with Reliance Commercial Land and Infrastructure Limited,
India |
50 |
|
Raj Mullick
jointly with Reliance Commercial Land and Infrastructure Limited, India |
50 |
|
|
|
|
Total |
2379994480 |
|
Names of Shareholders ( Preferences Shares) |
No. of Shares |
|
Reliance Commercial
Land and Infrastructure Limited, India |
594998620 |
|
|
|
|
Total |
594998620 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing IT
Support Services Including Manpower and All Other Activities. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers, 212 Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
PAN No.: |
AAAFC0662N |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associate: |
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Ultimate Holding Company : |
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Holding Companies : |
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Subsidiary Companies : |
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Fellow Subsidiary Companies : |
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CAPITAL STRUCTURE
AFTER 30.09.2014
Authorized Capital: Rs. 41003.080 Million
Issued, Subscribed & Paid-up Capital: Rs. 29749.931 Million
AS ON 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3495000000 |
Equity Shares |
Rs.10/- each |
Rs.34950.000 Million |
|
605000000 |
Preferences Shares |
Rs.10/- each |
Rs.6050.000 Million |
|
|
|
|
|
|
|
TOTAL |
|
Rs.41000.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2379994480 |
Equity Shares |
Rs.10/- each |
Rs.23799.945
Million |
|
594998620 |
Preferences Shares |
Rs.10/- each |
Rs.5949.986
Million |
|
|
|
|
|
|
|
Total |
|
Rs.29749.931 Million |
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
29763.200 |
29763.200 |
26348.300 |
|
(b) Reserves & Surplus |
(1122.500) |
(1190.000) |
(1235.100) |
|
(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) |
28640.700 |
28573.200 |
25113.200 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10578.300 |
1215.200 |
668.300 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
10578.300 |
1215.200 |
668.300 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
3972.000 |
2289.600 |
2477.000 |
|
(c) Other
current liabilities |
943.800 |
531.300 |
913.000 |
|
(d) Short-term
provisions |
120.400 |
213.300 |
85.000 |
|
Total Current
Liabilities (4) |
5036.200 |
3034.200 |
3475.000 |
|
|
|
|
|
|
TOTAL |
44255.200 |
32822.600 |
29256.500 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
22890.600 |
19460.200 |
15201.200 |
|
(ii)
Intangible Assets |
1859.600 |
367.900 |
0.600 |
|
(iii)
Capital work-in-progress |
7751.400 |
4911.000 |
5940.300 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
42.600 |
1.500 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4059.800 |
1968.000 |
1872.200 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
36604.000 |
26708.600 |
23014.300 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
250.000 |
|
(b)
Inventories |
514.500 |
49.600 |
45.800 |
|
(c) Trade
receivables |
3881.700 |
3409.300 |
2723.100 |
|
(d) Cash and
cash equivalents |
23.800 |
1.000 |
3.500 |
|
(e)
Short-term loans and advances |
3224.100 |
2647.200 |
3214.500 |
|
(f) Other
current assets |
7.100 |
6.900 |
5.300 |
|
Total
Current Assets |
7651.200 |
6114.000 |
6242.200 |
|
|
|
|
|
|
TOTAL |
44255.200 |
32822.600 |
29256.500 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
36543.900 |
20427.200 |
8851.300 |
|
|
|
Other Income |
31.800 |
31.000 |
18.900 |
|
|
|
TOTAL (A) |
36575.700 |
20458.200 |
8870.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(416.200) |
0.000 |
0.000 |
|
|
|
Employee Benefit Expense |
8594.000 |
4916.900 |
3116.500 |
|
|
|
Other Expenses |
26952.700 |
14651.200 |
4999.600 |
|
|
|
TOTAL (B) |
35130.500 |
19568.100 |
8116.100 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1445.200 |
890.100 |
754.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
87.700 |
49.400 |
73.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1357.500 |
840.700 |
680.300 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1273.200 |
785.800 |
671.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
84.300 |
54.900 |
8.700 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.800 |
9.900 |
1.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
67.500 |
45.000 |
7.300 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1209.700) |
(1254.700) |
(1262.000) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1142.200) |
(1209.700) |
(1254.700) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
297.000 |
317.800 |
231.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.03 |
0.02 |
0.00 |
|
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 flow from (used in) operations |
1219.100 |
308.400 |
880.500 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.18 |
0.22 |
0.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.95 |
4.36 |
8.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.23 |
0.20 |
0.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.37 |
0.04 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
2.02 |
1.80 |
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 |
26348.300 |
29763.200 |
29763.200 |
|
Reserves & Surplus |
(1235.100) |
(1190.000) |
(1122.500) |
|
Net
worth |
25113.200 |
28573.200 |
28640.700 |
|
|
|
|
|
|
long-term borrowings |
668.300 |
1215.200 |
10578.300 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
668.300 |
1215.200 |
10578.300 |
|
Debt/Equity
ratio |
0.027 |
0.043 |
0.369 |
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 |
8851.300 |
20427.200 |
36543.900 |
|
|
|
130.782 |
78.898 |
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
|
8851.300 |
20427.200 |
36543.900 |
|
Profit |
7.300 |
45.000 |
67.500 |
|
|
0.08% |
0.22% |
0.18% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
The registered office of the company has been shifted from 3rd
Floor, Court House, Lokmanya Tilak Marg,
Dhobi Talao, Mumbai – 400002, Maharashtra, India to the present address w.e.f.
01.07.2013
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and advances from related parties |
10394.000 |
939.000 |
|
|
|
|
|
Total |
10394.000 |
939.000 |
NO CHARGES EXIST FOR
THE COMPANY
FIXED ASSETS
- Land
- Buildings
- Plant and
Machinery
- Computer
equipments
- Office
Equipments
- Furniture and
Fixtures
- Vehicles
- Computer
software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records 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 Reords
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.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
44 |
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.