1. Summary Information
|
Country |
|
||
|
Company Name |
D R POLYMERS LIMITED |
Principal Name 1 |
Mr. Dinesh Kumar Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Rekha Jain |
|
Registration # |
55-043773 |
||
|
Street Address |
71/7, |
||
|
Established Date |
03.04.1991 |
SIC Code |
-- |
|
Telephone# |
91-11-45023000 |
Business Style 1 |
Importer |
|
Fax # |
91-11-25923001/25923009 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
PP Polypropylene |
|
|
# of employees |
50 (Approximately) |
Product Name 2 |
PPCP |
|
Paid up capital |
Rs. 35,533,000/- |
Product Name 3 |
HDPE High-Density
Polyethylene |
|
Shareholders |
Bodies corporate – 35.18%, Directors or relatives of
directors – 65.82% |
Banking |
Bank of |
|
Public Limited Corp. |
No |
Business Period |
22 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation |
Country |
Company
Name |
CEO |
|
Associate |
|
D.R. Builders and Promoters Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
294,500,000 |
Current Liabilities |
166,883,000 |
|
Inventories |
244,068,000 |
Long-term Liabilities |
96,478,000 |
|
Fixed Assets |
40.860,000 |
Other Liabilities |
9,002,000 |
|
Deferred Assets |
97,000 |
Total Liabilities |
272,363,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
271,629,000 |
|
|
0 |
Net Worth |
307,162,000 |
|
Total Assets |
579,525,000 |
Total Liab. & Equity |
579,525,000 |
|
Total Assets (Previous Year) |
916,415,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
3,247,023,000 |
Net Profit |
17,967,000 |
|
Sales(Previous yr) |
2,157,786,000 |
Net Profit(Prev.yr) |
40,886,000 |
|
Report Date : |
09.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
D R POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
71/7, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.04.1991 |
|
|
|
|
Com. Reg. No.: |
55-043773 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 35.553 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1991PLC043773 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD02448F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD0500F |
|
|
|
|
Legal Form : |
A Closely Held Public
Limited Liability Company |
|
|
|
|
Line of Business
: |
Importers and
Traders of Plastic Raw Material |
|
|
|
|
No. of Employees
: |
50 (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 1200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a satisfactory track record. Even though there
appears better growth in its total income during 2012. There appears some dip
in the profitability of the company. However, trade relations are reported as
fair. Business is active. Payments are reported to be usually correct and as
per commitment. The company can
be considered normal for business dealings at usual trade terms and
condition. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
LOCATIONS
|
Registered Office : |
71/7, |
|
Tel. No.: |
91-11-45023000 |
|
Fax No.: |
91-11-25923001/25923009 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
400 sq ft |
|
Location : |
Owned |
|
|
|
|
Head Office : |
C-24, |
|
Tel. No.: |
91-11-45023000 |
|
Fax No.: |
91-11-25923009 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Plot No. 52, Sector -18, Gurgaon, |
|
Tel. No.: |
91-124-2348485/2345836/2399880 |
|
Fax No.: |
91-124-4014877 |
|
E-Mail : |
|
|
|
|
|
Branch Office
: |
A-13, Phase-II, Near |
|
Tel. No.: |
91-120-3208908 |
|
Fax No.: |
91-120-3043438 |
|
E-Mail : |
|
|
|
|
|
Branch Office
: |
Village Gularwala, Post-Karunava, Near |
|
Tel. No.: |
91-179-5322461 |
|
Fax No : |
Not AVailable |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Village Bongla, |
DIRECTORS
As on : 17.08.2012
|
Name : |
Mr. Dinesh Kumar Jain |
|
Designation : |
Director |
|
Address : |
GB- 24 Shivaji
Enclave, |
|
Date of Birth/Age : |
22.01.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
03.04.1991 |
|
DIN No.: |
00037352 |
|
|
|
|
Name : |
Mrs. Rekha Jain |
|
Designation : |
Director |
|
Address : |
GB- 24 Shivaji
Enclave, |
|
Date of Birth/Age : |
21.10.1966 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.04.1994 |
|
DIN No.: |
00037354 |
|
|
|
|
Name : |
Mr. Shreyansh Jain |
|
Designation : |
Director |
|
Address : |
GB- 24 Shivaji
Enclave, |
|
Date of Birth/Age : |
01.04.1989 |
|
Date of Appointment : |
01.01.2008 |
|
DIN No.: |
02162122 |
|
|
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 17.08.2012
|
Names of Shareholders |
No. of Shares |
|
Dinesh Kumar Jain |
192455 |
|
Rekha Doshi |
37295 |
|
Ankush Holding
Limited, |
95000 |
|
Gurdeep Kaur |
10 |
|
Gurpal Singh |
10 |
|
Kuldeep Kaur |
10 |
|
Mayank Rastoji |
10 |
|
Sunil Kumar
Rastogi |
10 |
|
Paramjit Singh |
10 |
|
Priyanka Rastogi |
10 |
|
D R Builders and
Promoters Private Limited, |
30000 |
|
Mirdul Rastogi |
10 |
|
Shreyansh Jain |
500 |
|
Total |
355330 |
Equity Share Break up (Percentage of Total Equity)
As on : 17.08.2012
|
Category |
Percentage |
|
Bodies corporate |
35.18 |
|
Directors or relatives of Directors |
64.82 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers and
Traders of Plastic Raw Material |
|
|
|
|
Products : |
·
PP
Polypropylene ·
PPCP ·
HDPE
High-Density Polyethylene ·
LLDPE
Linear Low-Density Polyethylene ·
LDPE
Low-Density Polyethylene ·
Delrin ·
Poly
Carbonate ·
SAN ·
Nylon6 ·
Acrylic ·
Ethyl
Vinyl Acetate (EVA) ·
Acrylonitrile
– Butadiene-Styrene Copolymer (ABS) ·
General
Purpose Polystyrene (GPPS) ·
High-Impact
Polystyrene (HIPS) |
GENERAL INFORMATION
|
Customers : |
·
Maruti Suzuki ·
Hero Honda ·
Tata Motors ·
Bajaj Distinetly Ahead ·
Pricol ·
Minda NK Minda Group ·
Ashok Leyland ·
LGF · Samsung |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
Bank of ·
ING Vyasya Bank Limited, 2/10, W.H.S. Kirti Nagar,
Delhi-110015, ·
Karur Vysya Bank Limited, 65/7, First Floor, New
Rohtak Road, Karol Bagh, Delhi – 110005, India ·
Indusind Bank Limited, Dr. Gopal Das Bhawan28,
Barakhamba Road, New Delhi-110001, ·
UTI Bank Limited, Trishul 3rd Floor Opposite
Samartheswar Temple, Law Garden Ellisbridge, Ahmedabad-380006, Gujarat, India ·
Corporation Bank, Overseas Branch, HT House KG
Marg, Connaught Place, New Delhi-110001, |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
Rs in Millions
|
|
|
|
|
Auditors : |
|
|
Name : |
Chanderparkash and Company Chartered Accountants |
|
Address : |
207, |
|
Tel. No.: |
91-11-25731059/
25731060/ 41539570 |
|
Mobile No.: |
91-9810056108 |
|
Fax No.: |
91-11-25741070 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAHPP1487F |
|
|
|
|
Associates : |
D.R. Builders and Promoters Private Limited, |
CAPITAL STRUCTURE
As on : 17.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 100/-each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
355330 |
Equity Shares |
Rs. 100/-each |
Rs. 35.533 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 |
35.533 |
35.533 |
35.533 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
271.629 |
255.334 |
214.448 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
307.162 |
290.867 |
249.981 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.550 |
398.415 |
297.849 |
|
|
2] Unsecured Loans |
48.928 |
33.550 |
47.819 |
|
|
TOTAL BORROWING |
96.478 |
431.965 |
345.668 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.317 |
0.569 |
|
|
|
|
|
|
|
|
TOTAL |
403.640 |
723.149 |
596.218 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
40.860 |
40.792 |
57.818 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.097 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
244.068
|
280.670 |
180.308 |
|
|
Sundry Debtors |
654.197
|
244.092 |
231.567 |
|
|
Cash & Bank Balances |
(666.332)
|
15.500 |
8.734 |
|
|
Other Current Assets |
214.239
|
153.202 |
166.669 |
|
|
Loans & Advances |
92.396
|
182.159 |
167.864 |
|
Total
Current Assets |
538.568
|
875.623 |
755.142 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
136.452
|
60.907 |
51.143 |
|
|
Other Current Liabilities |
30.431
|
111.207 |
119.193 |
|
|
Provisions |
9.002
|
21.152 |
46.406 |
|
Total
Current Liabilities |
175.885
|
193.266 |
216.742 |
|
|
Net Current Assets |
362.683
|
682.357 |
538.400 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
403.640 |
723.149 |
596.218 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3247.023 |
2157.786 |
1753.795 |
|
|
|
Other Income |
25.831 |
50.570 |
57.803 |
|
|
|
TOTAL |
3272.854 |
2208.356 |
1811.598 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock in Trade |
3016.600 |
0.000 |
0.000 |
|
|
|
Changes in Inventories |
36.602 |
2041.596 |
1591.790 |
|
|
|
MANUFACTURING Services Costs |
0.000 |
10.593 |
8.216 |
|
|
|
Employees Benefit Expenses |
10.993 |
8.950 |
6.864 |
|
|
|
Contract Cost |
0.000 |
0.676 |
0.877 |
|
|
|
Other Expenses |
80.165 |
52.019 |
39.308 |
|
|
|
TOTAL |
3144.360 |
2113.834 |
1647.055 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
128.494 |
94.522 |
164.543 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
59.921 |
29.302 |
26.973 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
68.573 |
65.220 |
137.570 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.200 |
2.349 |
2.518 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS BEFORE TAX |
38.018 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
26.555 |
62.871 |
135.052 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.588 |
21.985 |
46.052 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
17.967 |
40.886 |
89.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
NA |
1414.022 |
1097.872 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
50.56 |
118.12 |
250.77 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.55
|
1.85 |
4.91 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.82
|
2.85 |
7.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.58
|
6.86 |
16.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.22 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31
|
1.49 |
1.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.06
|
4.53 |
3.48 |
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 |
Yes |
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
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 |
No |
NOTES:
The Registered Address of the company has been
shifted from 101 DR Complex C 24 Mansarover Garden,
GENERAL REVIEW :
The companys performance was satisfactory during
the year. The company achieve its target of its turnover. The Directors are
hopeful that the company will achieve its target of Net Profit in the year to
come. The future of the company seems to be bright.
UNSECURED LOANS :
Rs
in Millions
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
Other Loans and Advance |
45.300 |
0.000 |
|
Loans from Directors |
0.000 |
28.550 |
|
Other debts |
3.628 |
5.000 |
|
Total |
48.928 |
33.550 |
BANKERS CHARGES
REPORT AS PER REGISTRY :
|
Corporate identity
number of the company |
U74899DL1991PLC043773 |
|
Name of the
company |
D R POLYMERS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
71/7, Email : DRPOLY@MANTRAONLINE.COM |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Others (Current
Assets) |
|
Particular of
charge holder |
Indusind Bank
Limited, Dr. Gopal Das Bhawan28, Email - cad.north@indusind.com |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of Hypothecation
by the Borrower dated 11th January 2013 |
|
Date of
instrument Creating the charge |
08.08.2012 |
|
Amount secured by
the charge |
Rs. 300.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be
stipulated by the bank from time to time. Terms of Repayment As may be
stipulated by the bank from time to time. Margin As may be
stipulated by the bank from time to time. Extent and Operation of the charge The securities as
mentioned in column no. 15 below are hypothecated to secure the overall
credit Facility of Rs. 216.000 Millions. Others : 2THS |
|
Short particulars
of the property charged |
First and
exclusive charge by way of hypothecation of on entire current assets
including book debts of the company, both present and future |
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. 54.16 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.99 |
INFORMATION DETAILS
|
Report Prepared
by : |
|
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.