MIRA
INFORM REPORT
|
Report Date : |
25.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
DURIAN INDUSTRIES LIMITED |
|
|
|
|
Formerly Known
As : |
DURIAN TRADING AND INVESTMENTS LIMITED [w.e.f.15.02.1995] DURIAN TRADING AND INVESTMENTS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
401, The
Chambers, Hanuman Road, Western Express Highway, Vile Parle (East),
Mumbai – 400057, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.10.1992 |
|
|
|
|
Com. Reg. No.: |
11-069235 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 102.914
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1992PLC069235 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD1698N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Plywood and Home Furniture. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1288000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
There appears some dip in the profitability of the company during current year.
However, trade relations are reported as fair. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered normal 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of Credit : (A3+) |
|
Rating Explanation |
Moderate degree of safety it carry higher
moderate credit risk. |
|
Date |
June 15, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit : (BBB) |
|
Rating Explanation |
Moderate degree of safety it carry moderate
credit risk. |
|
Date |
June 15, 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. Sushil |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-26120007 |
|
Date : |
23.04.2013 |
LOCATIONS
|
Registered/ Corporate/ Marketing Office 1 : |
401, The
Chambers, Hanuman Road, Western Express Highway, Vile Parle (East),
Mumbai – 400057, Maharashtra, India |
|
Tel. No.: |
91-22-26120007/ 26269000 |
|
Fax No.: |
91-22-26112261/ 26269024 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Marketing Office 2 : |
Durian Estate, Goregaon - Mulund Link Road, Goregaon (East), Mumbai -
400063, Maharashtra, India. |
|
Tel. No.: |
91-22-67142000 |
|
Fax No.: |
91-22-66783125 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 9 & 10, Village Mahim, Taluka Palghar, District Thane,
Maharashtra, India |
|
|
|
|
Branches : |
Located at : Ø Ahmedabad Ø Surat Ø Aurangabad Ø Nashik Ø Indore Ø Bangalore Ø Hyderabad Ø Chennai Ø Guwahati Ø Ranchi Ø Jamshedpur Ø Orissa Ø Siliguri Ø New Delhi Ø Pune Ø Jaipur |
|
|
|
|
Showrooms : |
WEST ZONE Ø Mumbai
(Goregaon, Worli Naka, Thane, Vashi, Kurla) Ø Pune Ø Bhopal Ø Goa Ø Nasik Ø Aurangabad Ø Ahmedabad Ø Surat Ø Indore NORTH ZONE Ø Delhi Ø Noida Ø Jaipur Ø Agra Ø Allahabad Ø Chandigarh Ø Ludhiana Ø Gurgaon Ø Jammu Ø Dehradun Ø Varanasi Ø Lucknow Ø Kanpur Ø Gorakhpur Ø Jalandhar EAST ZONE Ø Siliguri Ø Kolkata Ø Ranchi Ø Bhubaneshwar Ø Jamshedpur Ø Guwahati Ø Patna Ø Raipur Ø Dhanbad SOUTH ZONE Ø Bangalore Ø Chennai Ø Hyderabad |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Radheshyam Kanoria |
|
Designation : |
Director |
|
Address : |
A/102, Leela Sterling, Opposite Yeshodham, High School, Film City Road,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
12.07.1942 |
|
Qualification : |
MBA |
|
Date of Appointment : |
28.10.1992 |
|
DIN No.: |
00030858 |
|
|
|
|
Name : |
Saharsh Khaitan |
|
Designation : |
Director |
|
Address : |
House No. 161, Sector - 19A, Chandigarh -
160019, Chandigarh, India |
|
Date of Birth/Age : |
26.09.1977 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.10.2006 |
|
DIN No.: |
00760938 |
|
|
|
|
Name : |
Sajjan Kumar Dokania |
|
Designation : |
Director |
|
Address : |
18/R, Devpark, Opposite Chandan Talkies, Juhu, Vile Parle (West),
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
15.06.1955 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
28.10.1992 |
|
PAN No.: |
ADVPD6404F |
|
DIN No.: |
00828579 |
|
|
|
|
Name : |
Tridib Sukhomoy Sen |
|
Designation : |
Director |
|
Address : |
C/702, Vasant Aishwarya, Mathurad, Kandivali
[West], Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
16.12.1949 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.03.2006 |
|
DIN No.: |
01929715 |
|
|
|
|
Name : |
Shilpi Dokania |
|
Designation : |
Director |
|
Address : |
18/R, Devpark, Opposite Chandan Talkies, Juhu, Vile Parle (West),
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1985 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03350470 |
KEY EXECUTIVES
|
Name : |
Mr. Sushil |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sajjan Kumar Dokania |
|
2951595 |
|
Kusum Dokania |
|
3000 |
|
Satyabhama
Dokania |
|
3000 |
|
Suman Dokania |
|
3960450 |
|
Amita Dokania |
|
3000 |
|
Sajjan Kumar
Dokania HUF |
|
2672700 |
|
Ashok Kumar
Dokania |
|
345 |
|
Palghar Plywood
Prod. Private Limited, India |
|
172500 |
|
Somesh Dokania |
|
524850 |
|
|
|
|
|
Total |
|
10291440 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
1.68 |
|
Directors
or relatives of directors |
|
98.32 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plywood and Home Furniture. |
|
|
|
|
Imports : |
|
|
Products : |
Furniture |
|
Countries : |
Ø China Ø Italy Ø Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days) |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Chairs & Sofa |
|
Not Applicable |
100,000 |
-- |
|
Chairs |
Pcs |
-- |
-- |
21,887 |
|
Sofa set |
Pcs |
-- |
-- |
8,711 |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
300 (Approximately) |
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|
||||||||||||||||||
|
Bankers : |
Ø State Bank of
India, Backbay Reclamation Branch, Raheja Chamber, Nariman Point, Mumbai - 400021,
Maharashtra, India Ø H.S.B.C. Bank
Limited |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
|
||||||||||||||||||
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P Bajaj and
Company Chartered Accountants |
|
Address : |
286, Princess
Street, Bhatia Mension, 2nd Floor, Mumbai – 400002, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPB5012C |
|
|
|
|
Other related parties where common control exists : |
Ø Palghar Plywood Products
Private Limited [U99999MH1985PTC036888] Ø Maple Mouldings
Private Limited [U20212MH1986PTC040678] Ø Cedar Décor
Private Limited [U20200MH2004PTC149787] Ø Elder Exim
Private Limited [U51909MH2006PTC163783] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,291,440 |
Equity Shares |
Rs. 10/- each |
Rs. 102.914
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
102.914 |
102.914 |
21.805 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
219.180 |
180.306 |
198.012 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
322.094 |
283.220 |
219.817 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
386.214 |
324.201 |
272.595 |
|
|
2] Unsecured Loans |
112.530 |
70.023 |
70.625 |
|
|
TOTAL BORROWING |
498.744 |
394.224 |
343.220 |
|
|
DEFERRED TAX LIABILITIES |
1.639 |
0.873 |
0.840 |
|
|
|
|
|
|
|
|
TOTAL |
822.477 |
678.317 |
563.877 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
311.198 |
251.561 |
210.780 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.745 |
3.932 |
3.937 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
427.320
|
381.469 |
298.236 |
|
|
Sundry Debtors |
218.636
|
154.523 |
168.353 |
|
|
Cash & Bank Balances |
14.539
|
15.608 |
11.212 |
|
|
Other Current Assets |
67.544
|
51.173 |
0.000 |
|
|
Loans & Advances |
35.577
|
31.454 |
53.635 |
|
Total
Current Assets |
763.616
|
634.227 |
531.436 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
205.246
|
166.705 |
177.721 |
|
|
Other Current Liabilities |
39.483
|
37.979 |
2.012 |
|
|
Provisions |
11.353
|
6.719 |
2.543 |
|
Total
Current Liabilities |
256.082
|
211.403 |
182.276 |
|
|
Net Current Assets |
507.534
|
422.824 |
349.160 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
822.477 |
678.317 |
563.877 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1848.726 |
1571.111 |
1258.930 |
|
|
|
Other Income |
17.212 |
20.160 |
25.752 |
|
|
|
TOTAL |
1865.938 |
1591.271 |
1284.682 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
152.960 |
|
|
|
|
|
Purchases of stock-in-trade |
1143.133 |
949.078 |
|
|
|
|
Changes in inventories
of finished goods, work-in-progress and stock-in-trade |
(64.794) |
(72.159) |
|
|
|
|
Employee benefit
expense |
115.135 |
102.733 |
|
|
|
|
Other expenses |
364.591 |
340.473 |
|
|
|
|
TOTAL |
1711.025 |
1457.483 |
1198.265 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
154.913 |
133.788 |
86.417 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
67.240 |
48.792 |
32.985 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX, DEPRECIATION AND AMORTISATION |
87.673 |
84.996 |
53.432 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.971 |
16.386 |
14.494 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL
ITEMS BEFORE TAX |
(0.514) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
65.188 |
68.610 |
38.938 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
20.333 |
15.033 |
19.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
44.855 |
53.577 |
19.919 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
132.664 |
86.761 |
72.384 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
3.000 |
|
|
|
Tax on Dividend |
5.980 |
2.674 |
2.542 |
|
|
BALANCE CARRIED
TO THE B/S |
166.539 |
132.664 |
86.761 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
16.378 |
14.020 |
|
|
|
|
Traded Goods |
337.232 |
202.072 |
|
|
|
|
Plant and Machinery |
8.142 |
5.512 |
|
|
|
TOTAL IMPORTS |
361.752 |
221.604 |
N.A. |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
4.36 |
5.21 |
9.14 |
|
|
|
Diluted
|
4.36 |
23.22 |
9.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.40
|
3.37 |
1.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.53
|
4.37 |
1.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.07
|
7.75 |
5.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.24 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.55
|
1.39 |
1.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.98
|
3.00 |
2.92 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Trade Payable |
205.246
|
166.705 |
177.721 |
|
|
|
|
|
|
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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Other loans and advances |
112.530 |
70.023 |
|
Total |
112.530 |
70.023 |
CONTINGENT LIABILITIES:
i) Guarantees
issued by the banker of Rs.40.358 Millions (Previous Year Rs.31.744 Millions)
against margin of Deposit receipts.
ii) Letter of
credit established by the bankers and outstanding as on the date of Balance
Sheet is Rs.14.318 Millions (Previous Year Rs.25.391 Millions) against which
materials are yet to be received.
FIXED ASSETS:
Ø
Land
Ø
Buildings
Ø
Factory building
Ø
Other building
Ø
Plant and equipment
Ø
Furniture and fixtures
Ø
Vehicles
Ø
Motor vehicles
Ø
Office equipment
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. 54.30 |
|
|
1 |
Rs. 82.88 |
|
Euro |
1 |
Rs. 70.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.