MIRA INFORM REPORT

 

 

Report No. :

317729

Report Date :

04.05.2015

 

IDENTIFICATION DETAILS

 

Name :

RUBY MICA COMPANY LIMITED  (w.e.f. 24.05.2010)

 

 

Formerly Known As :

RUBY MICA COMPANY PRIVATE LIMITED

 

 

Registered Office :

Barganda, Old LIC Office Building, Giridih – 815301, Jharkhand

Tel. No.:

91-6532-222357

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

01.06.1988

 

 

Com. Reg. No.:

35-003019

 

 

Capital Investment / Paid-up Capital :

Rs. 23.700 Million

 

 

CIN No.:

[Company Identification No.]

U14293JH1988PLC003019

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

RCHR00504A

 

 

PAN No.:

[Permanent Account No.]

AAACR9090C

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Mica Insulating Materials.

 

 

No. of Employees :

200 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 300000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

The rating reflects RMCL’s modest scale of operations in the highly competitive mica industry and working capital intensive operations.

 

However, trade relations are fair. Business is active. Payment terms are slow but correct.

 

The company can be considered for business dealing with some caution.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long term rating; B+

Rating Explanation

Risk prone credit quality and limited prospects of recovery.

Date

29.10.2014

 

Rating Agency Name

CRISIL

Rating

Short term rating: A4

Rating Explanation

Minimal degree of safety and very high credit risk.

Date

29.10.2014

 

 

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 PARTED BY

 

Name :

Mr. Subhash

Designation :

Accountant

Contact No.:

91-9934195290

Date :

27.04.2015

 

 

LOCATIONS

 

Registered Office :

Barganda, Old LIC Office Building, Giridih – 815301, Jharkhand

Tel. No. :

Not Available

Mobile No. :

91-9934195290 (Mr. Subhash)

Fax No. :

Not Available

E-Mail :

info@rubymica.com  

rubymica@rubymica.com

sales2@rubymica.com

Website :

www.rubymica.com

Area :

 

Factory / Head Office :

B.B. C Road. P.S. Giridih-815301, Jharkhand, India

Tel. No.:

91-6532-222957 / 222357

Fax No.:

91-6532-222857 / 250903

 

 

DIRECTORS

 

As on 27.09.2014

 

Name :

Mr. Rajendra Kumar Bagaria

Designation :

Director

Address :

B.B.C. Road, Giridih-815301, Jharkhand, India

Date of Birth/Age :

31.01.1960

Qualification :

MBA

Date of Appointment :

01.06.1988

DIN No.:

00466005

 

 

Name :

Mr. Ankit Bagaria

Designation :

Director

Address :

Marwari Mohalla, P.O. Pachamba, Giridih-815316, Jharkhand, India

Date of Birth/Age :

12.01.1987

Date of Appointment :

01.03.2010

DIN No.:

03010432

 

 

Name :

Mrs. Anita Bagaria

Designation :

Director

Address :

Marwari Mohalla, P.O. Pachamba, Giridih-815316, Jharkhand, India

Date of Birth/Age :

01.01.1965

Date of Appointment :

20.08.2011

DIN No.:

03625531

 

 

KEY EXECUTIVES

 

Name :

Mr. Subhash

Designation :

Accountant

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 27.09.2014

 

Names of Shareholders

No. of Shares

Chandan Kumar Bagaria

12020

Rajendra Kumar Bagaria

129729

Madhu Bagaria

5500

Jyoti Bagaria

9600

Anita Bagaria

18362

Deepak Kumar Bagaria

6170

Sarla Jhunjhunwala

87

Ankit Bagaria

2362

Anshul Bagaria

1500

Avishek Bagaria

1100

Ayush Bagaria

1000

Parul Bagaria

856

Priyansha Bagaria

3088

Govind Prasad Bagaria

5000

Kamal Prasad Bagaria

10000

Chandan Kumar Bagaria (HUF)

2000

Rajendra Kumar Bagaria (HUF)

3627

Ruby Oxygen Private Limited, Jharkhand, India

25000

 

 

TOTAL

237001

 

Equity Share Break up (Percentage of Total Equity)

 

As on 27.09.2014

 

Category

Percentage

Bodies corporate

10.55

Directors or relatives of Directors

89.45

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Mica Insulating Materials.

 

 

Products :
  • Uncalcined Muscovite/Phlogopite Mica Paper in Basic Weights, 80-270 g/m2, Deckle Width (Standard) 1040 mm in Rolls
  • Silicone Bonded Mica Sheet-Flexible and Rigid, Size 1200 x 1000 mm or 1000 x 600 mm, Thickness 0.1-50.0 mm
  • Punched/Machined Mica Parts like Plates, Circles, Washers, Strips, etc. to any given dimensions/drawings/specifications
  • Silicone or Epoxy Bonded Mica Paper tape Reinforced with Fiberglass Fabric/Polyester Film/Nomex Paper/Kapton Film, etc., Width 10-1000 mm, Length 25-500 meter
  • Silicone Bonded Mica Paper Tube in ID 6                                                                                           mm to 200 mm, 1 meter Length
  • Mica Heating Elements in all Designs, Wattage, and Voltage for use in Ironing Appliances, Toasters, Kettles, Rice Cookers, Hair Dryers, etc.
  • Natural Mica in all Forms, Sizes and Qualities like Mica Blocks, Mica Splittings, Mica Waste/Scrap, etc.
  • Dry Ground Mica Powder and Flakes in Mesh Sizes from 2-325
  • Nickel Chromium Resistance Wire and Ribbon in SWG 20-44 and size 0.635-1.587
  • Epoxy Bonded Fiberglass Products as per customers' specifications.

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • UK
  • USA

 

 

Imports :

 

Products :

Raw Material

Countries :
  • Germany
  • China
  • Sri Lanka

 

 

Terms :

 

Selling :

Advance Payment and Credit (30 Days)

 

 

Purchasing :

Advance Payment and Credit (30 Days)

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

KE Technical Textiles Private Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

TSO Holta India Private Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

200 (Approximately)

 

 

Bankers :
  • State Bank of India, SME Branch, Giridih, Whitty Bazar, Giridih- 815301, Jharkhand, India
  • Indian Overseas Bank, Giridih Branch, Makatpur, Shanti Bhawan Road, Giridih-815301, Jharkhand, India

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Term loans from bank

0.000

8.184

Short-term borrowings

 

 

Working capital loans from bank

53.993

54.244

Total

53.993

62.428

 

LONG TERM BORROWINGS

 

Details of terms of repayment for the long term borrowing and security provided in respect of the secured long term borrowings

 

Particulars

Terms of repayment and Security

Term Loan from State Bank of India

Secured by a first charge on the entire immovable assets of the Company at Chatro, Giridih. Term Loan amounting to Rs.Nil (previous year: Rs. 8.184 Million) repayable in quarterly installment of Rs.1.750 Million starting from Dec, 2009 and last installment in Sept, 2014. Rate of Interest 15.00% p.a. at the year end.

 

SHORT TERM BORROWINGS

 

Details of terms of repayment for the short term borrowing and security provided in respect of the secured long term borrowings

 

Particulars

Terms of repayment and Security

Working Capital Loan from State Bank of India

Secured by hypothecation of inventories, book debts and other current assets of the company and are repayable on demand

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Kedia Agarwal and Associates

Chartered Accountants

Address :

Tah Complex, 1st Floor, Gandhi Chowk, Giridih – 815 301, Jharkhand, India

Tel No.:

91-6532- 222639

Mobile No.:

91-9431144160/ 9304105111

Fax No.:

91-6532-222639

E Mail:

sk_kaagrd@yahoo.co.in

sanjayaagrd@gmail.com

PAN No.:

AACFK6368H

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

 

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

Rs.100/- each

Rs.50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

237001

Equity Shares

Rs.100/- each

Rs.23.700 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

23.700

20.765

20.765

(b) Reserves & Surplus

83.557

69.841

66.196

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

9.425

7.600

Total Shareholders’ Funds (1) + (2)

107.257

100.031

94.561

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

8.184

15.093

(b) Deferred tax liabilities (Net)

1.949

2.176

2.417

(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)

1.949

10.360

17.510

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

53.993

54.244

53.966

(b) Trade payables

8.886

8.866

6.256

(c) Other current liabilities

7.513

8.233

7.036

(d) Short-term provisions

1.158

0.893

0.925

Total Current Liabilities (4)

71.550

72.236

68.183

 

 

 

 

TOTAL

180.756

182.627

180.254

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

75.171

71.503

75.862

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

8.384

8.384

3.900

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

83.555

79.887

79.762

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

60.660

54.965

42.729

(c) Trade receivables

30.336

32.152

25.195

(d) Cash and cash equivalents

2.028

3.868

5.736

(e) Short-term loans and advances

4.177

11.755

26.832

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

97.201

102.740

100.492

 

 

 

 

TOTAL

180.756

182.627

180.254

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

137.060

120.601

114.777

 

Other Income

8.631

2.825

1.446

 

TOTAL (A)

145.691

123.426

116.223

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

94.972

64.100

52.702

 

Manufacturing and Operating Costs

19.642

18.119

16.874

 

Purchases of Stock-in-Trade

1.944

7.934

5.780

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(6.783)

(1.897)

5.407

 

Employees benefits expense

6.172

4.402

3.921

 

Other expenses

9.406

9.857

9.514

 

TOTAL (B)

125.353

102.515

94.198

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

20.338

20.911

22.025

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

7.409

8.114

8.873

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

12.929

12.797

13.152

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

6.798

7.368

8.130

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

6.131

5.429

5.022

 

 

 

 

 

Less

TAX (H)

2.102

1.785

1.666

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

4.029

3.644

3.356

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

34.036

30.392

27.036

 

 

 

 

 

 

Balance Carried to the B/S

38.065

34.036

30.392

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

18.00

17.55

16.98

 

 

Expected Sales (2014-2015) : Rs.153.000 Million

 

The above information has been parted by Mr. Subhash

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

2.94

3.02

2.92

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

14.84

17.34

19.19

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.56

3.12

2.85

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.06

0.05

0.05

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.50

0.62

0.73

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.36

1.42

1.47

 

 

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

20.765

20.765

23.700

Reserves & Surplus

66.196

69.841

83.557

 Share Application money pending allotment

7.600

9.425

0.000

Net worth

94.561

100.031

107.257

 

 

 

 

long-term borrowings

15.093

8.184

0.000

Short term borrowings

53.966

54.244

53.993

Total borrowings

69.059

62.428

53.993

Debt/Equity ratio

0.730

0.624

0.503

 

 

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

114.777

120.601

137.060

 

 

5.074

13.647

 

 

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

114.777

120.601

137.060

Profit

3.356

3.644

4.029

 

2.92%

3.02%

2.94%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

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

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

No

17]

Major suppliers

Yes

18]

Major customers

Yes

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

Yes

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

 

NOTE:

 

The registered address of the company has been shifted from B.B.C Road. P.S. Giridih - 815301, Jharkhand, India to the present address w.e.f 18.10.2013

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10551827

08/07/2014

209,119,000.00

INDIAN OVERSEAS BANK

SHANTI BHAVAN ROAD, MAKATPUR, GIRIDIH, JHARKHAND
- 815301, INDIA

C44959294

2

10287804

31/03/2011

7,600,000.00

INDIAN OVERSEAS BANK

GIRIDIH BRANCH, MAKATPUR CHOWK, SHANTI BHAWAN ROA
D, GIRIDIH, BIHAR - 815301, INDIA

B13168653

3

90263899

14/11/2011 *

84,600,000.00

STATE BANK OF INDIA

SME BRANCH GIRIDIH, WHITTY BAZAR, GIRIDIH, JHARKH
AND - 815301, INDIA

B2715142

 

* Date of charge modification

 

FIXED ASSETS

 

  • Land
  • Factory Sited and Building
  • Land and Building 
  • Plant and Machinery
  • Furniture and Fixture
  • Boiler
  • Generator
  • EPBX Systems
  • Xerox Machine
  • Pumps
  • Diesel Tank
  • Weighing Scale
  • Welding Machine
  • Water Tank
  • Air conditioner
  • Television
  • Mobile Phone
  • Testing Equipments
  • Fax Machine
  • Electrical Installation
  • Electrical goods
  • Vehicle
  • Computer

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.58

UK Pound

1

Rs.97.99

Euro

1

Rs.70.53

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

SAN

 

 

Report Prepared by :

KVT

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

4

--CREDIT LINES

1~10

3

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

30

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.