MIRA INFORM REPORT
|
Report No. : |
348852 |
|
Report Date : |
14.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
USG BORAL BUILDING PRODUCTS (INDIA) PRIVATE LIMITED (w.e.f
09.05.2014) |
|
|
|
|
Formerly Known
As : |
BORAL GYPSUM INDIA PRIVATE LIMITED (w.e.f 12.12.2011) LAFARGE BORAL GYPSUM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-85, Ground Floor, Okhla Industrial Area, Phase II, New
Delhi - 110020 |
|
Tel. No.: |
91-124-4788888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.07.2006 |
|
|
|
|
Com. Reg. No.: |
55-150597 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1125.145 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28939DL2006PTC150597 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacture of Timber, Plywood and Planks, Gypsum Boards, False
Ceilings, Concealed Ceiling Systems. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated on 6th July, 2006. It is wholly
owned subsidiary of BGA Holdings Limited, Malaysia. It has moderate track
record. The company is continuously incurring accumulated losses from its operations.
There is unfavorable gap between trade receivables and trade payables. However, trade relations are fair. Business is active. Payment are
slow but correct. The company can be considered for business dealings with some
cautions. |
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
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Ms. Rinku Singhania |
|
Designation : |
Account Manager |
|
Contact No.: |
91-124-4788888 |
|
Date : |
10.11.2015 |
LOCATIONS
|
Registered Office : |
A-85, Ground Floor, Okhla Industrial Area, Phase II, New Delhi
– 110020, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location: |
Owned |
|
|
|
|
Corporate Office: |
Vipul Trade Centre, 6th Floor, 610/613, Sona Road, Gurgaon,
Haryana, India |
|
Tel. No.: |
91-124-4788888 |
|
|
|
|
Factory: |
Alwar, Rajasthan, India |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Frederic De Rougemont |
|
Designation : |
Director |
|
Address : |
A-3A-2, One Menerung, 1 Jalan Menerung, Bkt Bandaraya,
Kuala Lumpur, 59100, Malaysia |
|
Date of Birth/Age : |
18.10.1958 |
|
Date of Appointment : |
07.09.2009 |
|
DIN No.: |
02752356 |
|
|
|
|
Name : |
Paul Stanton Monzella |
|
Designation : |
Director |
|
Address : |
52, Jalan Beka,Bukit Damansara, 50490, Kuala Lampur,
Wilayah Persekutuan, Malasiya, 000, Malaysia |
|
Date of Birth/Age : |
07.02.1960 |
|
Date of Appointment : |
20.08.2014 |
|
DIN No.: |
06952719 |
|
|
|
|
Name : |
Koushik Ananda Sarkar |
|
Designation : |
Additional director |
|
Address : |
F 112 Block No. F, Richmond Park, Phase 4 DLF City,
Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
28.05.1962 |
|
Date of Appointment : |
03.03.2014 |
|
DIN No.: |
06674620 |
KEY EXECUTIVES
|
Name : |
Sadhna Bahri |
|
Designation : |
Secretary |
|
Address : |
House No. 624, IIIrd Floor, Gali NO.6, Govind Puri, New
Delhi - 110019, India |
|
Date of Birth/Age : |
12.08.1986 |
|
Date of Appointment : |
02.08.2010 |
|
PAN No: |
AKHPB5454A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
China Plasterboard Corporation, British Virgin Island |
|
1 |
|
BGA Holdings Limited, Malaysia |
|
112514499 |
|
Total |
|
112514500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20348852%2014-Nov-2015_files/image015.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Timber, Plywood and Planks, Gypsum Boards, False
Ceilings, Concealed Ceiling Systems. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
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|
Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (30,60,90 Days) |
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|
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Purchasing : |
Cash and Credit (30,60,90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMS
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No. of Employees : |
100 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountant |
|
Address : |
Building No 10, 8th Floor, Tower-B, DLF Cyber City, Phase II |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFB0630K |
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|
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
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|
Ultimate Holding
company: |
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Fellow
subsidiaries: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115000000 |
Equity Shares |
Rs.10/- each |
Rs. 1150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
112514500 |
Equity Shares |
Rs.10/- each |
Rs. 1125.145
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 |
1125.145 |
1125.145 |
891.820 |
|
(b) Reserves & Surplus |
(642.279) |
(564.158) |
(516.192) |
|
(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) |
482.866 |
560.987 |
375.628 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
268.980 |
|
(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 |
5.701 |
5.081 |
3.732 |
|
Total
Non-current Liabilities (3) |
5.701 |
5.081 |
272.712 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
115.389 |
82.021 |
30.599 |
|
(b) Trade payables |
178.194 |
171.937 |
197.411 |
|
(c) Other current liabilities |
62.659 |
59.048 |
81.906 |
|
(d) Short-term provisions |
0.250 |
0.231 |
0.128 |
|
Total
Current Liabilities (4) |
356.492 |
313.237 |
310.044 |
|
|
|
|
|
|
TOTAL |
845.059 |
879.305 |
958.384 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
490.415 |
524.001 |
530.436 |
|
(ii) Intangible Assets |
0.000 |
0.158 |
0.485 |
|
(iii) Capital work-in-progress |
0.990 |
0.619 |
26.498 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
43.134 |
46.097 |
21.563 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
534.539 |
570.875 |
578.982 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
171.818 |
192.776 |
185.560 |
|
(c) Trade receivables |
50.524 |
53.349 |
66.747 |
|
(d) Cash and cash equivalents |
13.056 |
6.740 |
57.173 |
|
(e) Short-term loans and
advances |
74.851 |
55.294 |
69.922 |
|
(f) Other current assets |
0.271 |
0.271 |
0.000 |
|
Total
Current Assets |
310.520 |
308.430 |
379.402 |
|
|
|
|
|
|
TOTAL |
845.059 |
879.305 |
958.384 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1063.174 |
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
1063.174 |
1080.141 |
1294.225 |
|
|
|
|
|
|
|
Less |
EXPENSES |
1141.296 |
1131.251 |
1385.105 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(78.122) |
(51.110) |
(90.880) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
(3.144) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(78.122) |
(47.966) |
(90.880) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(564.157) |
(516.191) |
(425.311) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
(642.279) |
(564.157) |
(516.191) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.69 |
NA |
NA |
%20PRIVATE%20LIMITED%20-%20348852%2014-Nov-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20348852%2014-Nov-2015_files/image004.gif){kind=small}
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1080.000 |
The above information has been parted by Ms Rinku Singhania
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 (used in) operations |
(13.702) |
(48.130) |
77.768 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
-9.26 |
-5.82 |
-9.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
-0.16 |
-0.09 |
-0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.24 |
0.15 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.87 |
0.98 |
1.22 |
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 |
891.820 |
1125.145 |
1125.145 |
|
Reserves & Surplus |
(516.192) |
(564.158) |
(642.279) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
375.628 |
560.987 |
482.866 |
|
|
|
|
|
|
long-term borrowings |
268.980 |
0.000 |
0.000 |
|
Short term borrowings |
30.599 |
82.021 |
115.389 |
|
Total
borrowings |
299.579 |
82.021 |
115.389 |
|
Debt/Equity
ratio |
0.798 |
0.146 |
0.239 |
%20PRIVATE%20LIMITED%20-%20348852%2014-Nov-2015_files/image017.gif)
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) |
|
Total Income |
1294.225 |
1080.141 |
1063.174 |
|
|
|
(16.541) |
(1.571) |
%20PRIVATE%20LIMITED%20-%20348852%2014-Nov-2015_files/image019.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1294.225 |
1080.141 |
1063.174 |
|
Profit |
(90.880) |
(47.966) |
(78.122) |
|
|
(7.02%) |
(4.44%) |
(7.35%) |
%20PRIVATE%20LIMITED%20-%20348852%2014-Nov-2015_files/image021.gif)
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 |
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
- Registered office of the company has been
shifted from Plot No. 225, First Floor, Okhla Phase-III, New Delhi -110020,
India to the present address w.e.f. 09.05.2013
·
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
NEW PROJECTS,
EXPANSION AND DIVERSIFICATION
The Company is continuously working towards improving the production methods and capacities, increasing product range and effective utilization of available resources and increasing its overall productivity.
During the period, the Company had substantially improved its processes and was able to increase its production volumes. With the continuous efforts and innovative thinking the Company has been able to achieve better thermal ad electric efficiency which positively resulted into improved production volumes and they were able to produce beyond the installed capacity of 8 Meter square while ensuring the improved product quality.
During the period, the Company has developed a new type of filter bags used for calcination process. The successful implementation of these new bags has reduced the frequent changeover of the bags during calcinations process as part of its manufacturing process and resulted into long life of bags and cost reduction. This is again one of the leading example for company?s continuous effort and innovative thinking which actually lead to better solutions and overall good for Environment and society at Large.
The Company has further developed some new products in the given year and resultant increased its product range for its valuable customer. The said new/extended product range includes various products which are customised according to the advance business needs of the industry.
BACKGROUND
Subject was incorporated on 6 July, 2006 under the Companies Act, 1956. The Company commenced commercial production of Gypsum Boards with effect from 1 June, 2008 and metal studs with effect from 1 January, 2009 at its manufacturing facility at Khuskhera, Rajasthan. The Company’s revenues arise from sale of manufactured products (manufactured at the Company’s plant in Rajasthan) and traded products imported mainly from group companies.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Other loans and advances, others |
115.389 |
82.021 |
|
Total |
115.389 |
82.021 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Office equipment
Intangible assets
- 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, 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.66.14 |
|
UK Pound |
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
32 |
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.