MIRA
INFORM REPORT
|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
DHARIYAL POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8/2B, 8/3, Narol Village, Behind Gopi Textile, Narol Isanpur Road,
Ahmedabad-382405, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.07.1994 |
|
|
|
|
Com. Reg. No.: |
04-022398 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.598 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1994PTC022398 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Chemicals |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
The company is performing well. Trade relations are reported as fair.
Business is active. Payments are reported to be regular and as per
commitment. 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve their
business models with the changing time. Readers’ Digest, Thomson Register are
no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 DECLINED BY
|
Name : |
Mr. Yogesh |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9376122079 |
|
Date : |
05.10.2013 |
LOCATIONS
|
Registered Office : |
8/2B, 8/3, Narol Village, Behind Gopi Textile, Narol Isanpur Road,
Ahmedabad-382405, Gujarat, India |
|
Tel. No.: |
91-79-29294119 / 32922079 |
|
Mobile No.: |
91-9376122079 (Mr. Yogesh) |
|
Fax No.: |
91-79-26926916 |
|
E-Mail : |
DIRECTORS
AS ON 25.06.2012
|
Name : |
Mr. Vijay Chandradutt Dhariyal |
|
Designation : |
Director |
|
Address : |
19‐ Amarpalash Bunglow, Near Fun Republic, Satellite, Ahmedabad‐380015, Gujarat, India |
|
Date of Birth/Age : |
13.04.1962 |
|
Date of Appointment : |
01.07.1994 |
|
PAN No.: |
ABBPD6910E |
|
DIN No.: |
00284246 |
|
|
|
|
Name : |
Mr. Chandradutt D. Dhariyal |
|
Designation : |
Director |
|
Address : |
18‐ Amarpalash Bunglow, Near Fun Republic, Satellite Ahmedabad‐380015, Gujarat, India |
|
Date of Birth/Age : |
12.04.1928 |
|
Date of Appointment : |
01.07.1994 |
|
PAN No.: |
AATPD2866L |
|
DIN No.: |
00284334 |
|
|
|
|
Name : |
Ms. Manorama Vijay Dhariyal |
|
Designation : |
Director |
|
Address : |
19‐ Amarpalash Bunglow, Near Fun Republic, Satellite, Ahmedabad‐380015, Gujarat, India |
|
Date of Birth/Age : |
25.11.1967 |
|
Date of Appointment : |
25.07.2007 |
|
PAN No.: |
AAAPQ4996R |
|
DIN No.: |
01607357 |
|
|
|
|
Name : |
Ms. Nilima Yogeshkumar Dhariyal |
|
Designation : |
Director |
|
Address : |
18‐ Amarpalash Bunglow, Near Fun Republic, Satellite Ahmedabad‐380015, Gujarat, India |
|
Date of Birth/Age : |
20.05.1970 |
|
Date of Appointment : |
25.07.2007 |
|
PAN No.: |
ACJPD8466E |
|
DIN No.: |
01630040 |
|
|
|
|
Name : |
Ms. Anandi C Dhariyal |
|
Designation : |
Director |
|
Address : |
18‐ Amarpalash Bunglow, Near Fun Republic, Satellite Ahmedabad‐380015, Gujarat, India |
|
Date of Birth/Age : |
28.12.1938 |
|
Date of Appointment : |
01.12.2008 |
|
PAN No.: |
AAWPD3098H |
|
DIN No.: |
02433082 |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.06.2012
|
Names of Shareholders |
No. of Shares |
|
Chandradutt J. Dhariyal |
100000 |
|
Vijay C. Dhariyal |
27000 |
|
Yogesh C. Dhariyal |
12510 |
|
Manorama V. Dhariyal |
30500 |
|
Nilima Y. Dhariyal |
31000 |
|
Lekhika V. Dhariyal |
39200 |
|
Vandita Y. Dhariyal |
37500 |
|
Rohan V. Dhariyal |
28500 |
|
Rahul V. Dhariyal |
28500 |
|
Anandi C Dhariyal |
14000 |
|
C. D. Dhariyal (HUF) |
26500 |
|
Vijay C. Dhariyal (HUF) |
25000 |
|
Yogesh C. Dhariyal (HUF) |
31000 |
|
Tanish Y. Dhariyal |
28600 |
|
TOTAL
|
459810 |
AS ON 25.06.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Chemicals |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
|
|
|
|
Bankers : |
·
CITI Bank, Ground Floor, Rembrandt, C G Road,
Near Panchavati Circle, Ahmedabad-380006, Gujarat, India ·
State Bank of India |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Baheti Bhadada and Associates Chartered Accountant |
|
Address : |
201, Shaily Complex, Opposite Loha Bhavan, Ashram Road, Navrangpura,
Ahmedabad-380009, Gujarat, India |
|
PAN No.: |
AAEFB4057A |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
459810 |
Equity Shares |
Rs.10/- each |
Rs. 4.598
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4.598 |
4.598 |
|
(b) Reserves & Surplus |
|
333.557 |
265.038 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
338.155 |
269.636 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
23.960 |
19.284 |
|
(b) Deferred tax liabilities (Net) |
|
0.346 |
0.374 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
24.306 |
19.658 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
18.737 |
22.988 |
|
(c) Other current
liabilities |
|
5.029 |
4.968 |
|
(d) Short-term provisions |
|
3.761 |
0.596 |
|
Total Current Liabilities (4) |
|
27.527 |
28.552 |
|
|
|
|
|
|
TOTAL |
|
389.988 |
317.846 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
16.676 |
18.389 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.467 |
0.467 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
17.143 |
18.856 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
81.685 |
52.444 |
|
(c) Trade receivables |
|
104.674 |
116.337 |
|
(d) Cash and cash
equivalents |
|
140.136 |
92.870 |
|
(e) Short-term loans and
advances |
|
46.350 |
37.339 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
372.845 |
298.990 |
|
|
|
|
|
|
TOTAL |
|
389.988 |
317.846 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.598 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
220.206 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
224.804 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
17.191 |
|
|
TOTAL BORROWING |
|
|
17.191 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.250 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
242.245 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
14.391 |
|
|
Capital work-in-progress |
|
|
2.449 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
35.039 |
|
|
Sundry Debtors |
|
|
88.252 |
|
|
Cash & Bank Balances |
|
|
90.577 |
|
|
Other Current Assets |
|
|
41.653 |
|
|
Loans & Advances |
|
|
38.833 |
|
Total
Current Assets |
|
|
294.354 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
19.947 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
49.002 |
|
Total
Current Liabilities |
|
|
68.949 |
|
|
Net Current Assets |
|
|
225.405 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
242.245 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
440.140 |
423.540 |
488.825 |
|
|
|
Other Income |
40.840 |
9.680 |
3.586 |
|
|
|
TOTAL |
480.980 |
433.220 |
492.411 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumption |
|
|
325.593 |
|
|
|
Manufacturing Expenses |
|
|
5.974 |
|
|
|
Employees Cost |
|
|
20.446 |
|
|
|
Administrative Expenses |
|
|
2.971 |
|
|
|
Selling Expenses |
|
|
17.277 |
|
|
|
Increase / (Decrease) in Stock |
|
|
3.986 |
|
|
|
TOTAL |
376.260 |
364.210 |
376.247 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
[Including Financial |
[Including Financial |
116.164 |
|
|
|
|
Year] |
Year] |
|
|
|
|
FINANCIAL
EXPENSES |
|
|
2.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
104.720 |
68.950 |
113.839 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
2.500 |
2.510 |
2.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
102.220 |
66.450 |
111.536 |
|
|
|
|
|
|
|
|
|
|
TAX |
33.700 |
21.610 |
38.766 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
68.520 |
44.830 |
72.770 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
262.540 |
217.710 |
144.937 |
|
|
|
|
|
|
|
|
|
|
Short Provision of FBT Last Year |
0.000 |
0.000 |
(0.001) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
333.060 |
262.540 |
217.706 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
100.010 |
229.670 |
167.210 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
149.01 |
97.50 |
158.26 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
14.25
|
10.35 |
14.78 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
23.22
|
15.69 |
22.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.21
|
20.91 |
36.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.25 |
0.50 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07
|
0.07 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.54
|
10.47 |
4.27 |
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 |
No |
|
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 |
No |
|
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 |
No |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loans from Directors |
19.298 |
15.041 |
|
Loans from Member |
4.662 |
4.243 |
|
|
|
|
|
TOTAL |
23.960 |
19.284 |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities Of Long Term Debt |
NA |
NA |
NA |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
NOTE
Registered office has been shifted from 2, Prakruti
Apartment, Near Parimal Railway Crossing Paldi, Ahmedabad-380007, Gujarat,
India to the present address w.e.f. 10.05.2007
PERFORMANCE REVIEW
This year the
company witnessed rise in the turn over from Rs. 423 millions to Rs. 440 millions.
The Company witnessed 93% increase in its domestic turnover. Further, the
company received considerable benefit due to appreciation of US Dollar. Net
profit Before Tax of the company has been increased by 54%. The directors
express their satisfaction on the performance of the company. They expect even
better performance in future.
FIXED ASSETS
·
Building
·
Car
·
Computer
·
Electric Instruments
·
Furniture
·
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. 61.40 |
|
UK Pound |
1 |
Rs. 99.28 |
|
Euro |
1 |
Rs. 83.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.