|
Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
D’DÉCOR HOME FABRICS PRIVATE LIMITED (w.e.f. 19.08.2010) |
|
|
|
|
Formerly Known
As : |
DICITEX DÉCOR PRIVATE LIMITED VIRENDER PROCESSORS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1071/ 1072, Solitaire Corporate Park, Building No.10, 167, Guru
Hargovindji Marg, Chakala, Andheri (East), Mumbai – 400 093, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.03.1999 |
|
|
|
|
Com. Reg. No.: |
11-118945 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.37.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120MH1999PTC118945 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Premium Furnishing Fabrics,
Dress Materials and Upholstery. |
|
|
|
|
No. of Employees
: |
1200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (59) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 4300000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of the ‘D’Décor Group. It is a well-established and
a reputed company having fine track record. It has strong market position in the global home furnishings segment.
The latest financials of the subject re not made available. As per previous year’s record, the financial position of the company
appears to be sound and healthy. Trade relations are reported as trustworthy. Business is active.
Payment terms are reported are regular and as commitment. The company can be
considered good for business dealings at usual trade terms and
conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: A+ |
|
Rating Explanation |
Adequate degree of safety low credit risk. |
|
Date |
02.07.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A1 |
|
Rating Explanation |
Very Strong degree of safety and lowest
credit risk. |
|
Date |
02.07.2012 |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Kalpesh |
|
Designation : |
Manager Finance Department |
|
Contact No.: |
91-22-66782000 |
|
Date : |
21.12.2012 |
LOCATIONS
|
Registered Office : |
1071/ 1072, Solitaire Corporate Park, Building No.10, 167, Guru Hargovindji
Marg, Chakala, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-66782000/ 2020 |
|
Fax No.: |
91-22-66782001/ 2021 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
1081/1082, Solitaire Corporate Park – 10, 167, Guru Hargovindji
Marg, Andheri-Ghatkopar Link Road, Chakala, Andheri (East), Mumbai – 400093,
Maharashtra, India |
|
|
|
|
Factory : |
Plot No: G-15/ 1 and 2/ G-7 / E-26 (1), MIDC Tarapur,
Boisar, District Thane – 410506, Maharashtra, India |
|
Tel No.: |
91-2525-279384/ 270820 |
|
Fax No.: |
91-2525-271991 |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Virender Kumar Dharamchand Arora
|
|
Designation : |
Chairman |
|
Address : |
54 V. K. Cottage, JVPD Scheme, Juhu, Mumbai – 400049, |
|
Date of Birth/Age : |
05.04.1939 |
|
Date of Appointment : |
31.07.2000 |
|
DIN No.: |
00276052 |
|
|
|
|
Name : |
Mr. Ajay Virender Arora |
|
Designation : |
Managing Director |
|
Address : |
54 V. K. Cottage, JVPD Scheme, Juhu, Mumbai – 400049, |
|
Date of Birth/Age : |
07.07.1968 |
|
Date of Appointment : |
28.07.1999 |
|
DIN No.: |
00276143 |
|
|
|
|
Name : |
Mr. Sanjay Virender Arora |
|
Designation : |
Managing Director |
|
Address : |
54 V. K. Cottage, JVPD Scheme, Juhu, Mumbai – 400049, |
|
Date of Birth/Age : |
08.04.1965 |
|
Date of Appointment : |
31.07.2000 |
|
DIN No.: |
00276271 |
KEY EXECUTIVES
|
Name : |
Mr. Kalpesh |
|
Designation : |
Manager Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Virender Kumar Dharamchand Arora |
|
620000 |
|
Sanjay Virender Arora |
|
1237500 |
|
Ajay Virender Arora |
|
1221000 |
|
Neena V. Arora |
|
655000 |
|
Simone A. Arora |
|
16500 |
|
|
|
|
|
Total |
|
3750000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Premium Furnishing Fabrics,
Dress Materials and Upholstery. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· USA · UK · UAE |
|
|
|
|
Imports : |
|
|
Products : |
Machinery |
|
Countries : |
· Italy · Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Installed Capacity |
Actual Production (Including Outsourcing) |
|
|
|
|
|
Yarn |
1956 M. Tons |
9450442 Kgs |
|
Cloth |
17500000 Mtrs. |
16138992 Mtrs. |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
1200 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
v
Union Bank of Branch Santacruz (West), LA Avante, JN of S.V. Road and Main Avenue,
Santacruz (West), Mumbai – 400 054, Maharashtra, India v
Punjab and Sind Bank v
HDFC Bank v
ICICI Bank Limited ICICI Bank Towers, Bandra-Kurla Complex, Bandra (East), Mumbai –
400051, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Parikh Joshi and Kothare Chartered Accountants |
|
Address : |
49/2341, M.H.B. Colony, Gandhi Nagar, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Tel No.: |
91-22-26515396/ 26428494/ 26451439 |
|
Fax No.: |
91-22-26455867 |
|
E-Mail: |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFP1239N |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
1250000 |
Equity Shares (Of Rs.10/- each fully paid up issued pursuant to scheme of
Amalgamation) |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.37.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
37.500 |
37.500 |
37.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.00 |
|
|
3] Reserves & Surplus |
1034.110 |
1124.350 |
983.786 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1071.610 |
1161.850 |
1021.286 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
762.224 |
822.200 |
717.889 |
|
|
2] Unsecured Loans |
525.267 |
541.513 |
452.073 |
|
|
TOTAL BORROWING |
1287.491 |
1363.713 |
1169.962 |
|
|
DEFERRED TAX LIABILITIES |
206.642 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2565.743 |
2525.563 |
2191.248 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2018.128 |
2013.870 |
2078.730 |
|
|
Capital work-in-progress |
0.000 |
0.005 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
513.128
|
392.307
|
299.179
|
|
|
Sundry Debtors |
430.736
|
264.665
|
157.219
|
|
|
Cash & Bank Balances |
41.278
|
1.542
|
16.782
|
|
|
Other Current Assets |
265.830
|
190.604
|
135.797
|
|
|
Loans & Advances |
5.797
|
14.491
|
15.822
|
|
Total
Current Assets |
1256.769
|
863.609
|
624.799
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
483.750
|
211.505
|
413.588
|
|
|
Other Current Liabilities |
52.102
|
35.151
|
30.745
|
|
|
Provisions |
173.450
|
105.450
|
68.170
|
|
Total
Current Liabilities |
709.302
|
352.106
|
512.503
|
|
|
Net Current Assets |
547.467
|
511.503
|
112.296
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.148 |
0.185 |
0.222 |
|
|
|
|
|
|
|
|
TOTAL |
2565.743 |
2525.563 |
2191.248 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3194.753 |
2479.786 |
2459.739 |
|
|
|
Other Income |
48.353 |
17.799 |
109.315 |
|
|
|
TOTAL (A) |
3243.106 |
2497.585 |
2569.054 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumption |
1597.581 |
1219.425 |
1353.259 |
|
|
|
Manufacturing/ Trading Expenses |
640.185 |
550.380 |
596.932 |
|
|
|
Salaries and Other Benefits |
70.123 |
56.343 |
43.648 |
|
|
|
Administration Expenses |
104.878 |
100.659 |
62.929 |
|
|
|
Selling and Distribution Expenses |
283.460 |
29.027 |
30.516 |
|
|
|
Preliminary Expenses |
0.037 |
0.037 |
0.038 |
|
|
|
Increase/ Decrease in Inventory |
(19.884) |
(38.043) |
(23.182) |
|
|
|
TOTAL (B) |
2676.380 |
1917.828 |
2064.140 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
566.726 |
579.757 |
504.914 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
107.528 |
96.303 |
107.044 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
459.198 |
483.454 |
397.870 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
274.795 |
266.764 |
236.167 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
184.403 |
216.690 |
161.703 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
68.000 |
76.160 |
29.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
116.403 |
140.530 |
132.413 |
|
|
|
|
|
|
|
|
|
Add |
CY Deferred Tax
Assets/(Liability) |
6.368 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1092.919 |
952.355 |
439.117 |
|
|
|
|
|
|
|
|
|
Less |
PY Deferred Tax
Assets/(Liability) |
213.011 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add/ Less |
Short
Provision of Tax of Previous years |
0.000 |
0.034 |
(1.484) |
|
|
|
|
|
|
|
|
|
Add/ Less |
Change in
Depreciation Method (Prior Period) |
0.000 |
0.000 |
382.309 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1002.679 |
1092.919 |
952.355 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material (Yarn) |
29.115 |
82.126 |
72.616 |
|
|
|
Chemical |
3.200 |
4.259 |
9.515 |
|
|
|
Packing Materials |
6.458 |
10.267 |
7.703 |
|
|
|
Consumable, Stores and Spares |
24.430 |
26.661 |
19.871 |
|
|
TOTAL IMPORTS |
63.203 |
162.991 |
482.355 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
31.04 |
37.47 |
35.31 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
4000.000 |
The above information has been parted by Mr. Kalpesh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
3.59
|
5.63
|
5.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.77
|
8.74
|
6.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.63
|
7.53
|
5.98
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.19
|
0.16
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.86
|
1.48
|
1.65
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.77
|
2.45
|
1.22
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
|
|
|
|
For Goods |
183.658 |
141.117 |
127.916 |
|
For Capital Goods |
233.799 |
20.332 |
240.443 |
|
For Expenses |
66.293 |
50.056 |
45.229 |
|
|
|
|
|
|
Total |
483.750 |
211.505 |
413.588 |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
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 |
FIXED ASSETS:
· Lease Hold land
· Building
· Electrical Fittings
· Furniture and Fixture
· Office Equipments
· Computers
· Plant and Machinery
· Vehicles
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.55.09 |
|
|
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
TOTAL |
|
59 |
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.