MIRA INFORM REPORT
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Report No. : |
355324 |
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Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEX-VIN POLYMERS PRIVATE LIMITED |
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|
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Registered
Office : |
Office No.6, 6A, New Excelsior Building, Wallace Street, A. K. Naik Marg,
Fort, Mumbai – 400001, Maharashtra |
|
Tel. No.: |
91-22-61537600 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
12.11.1990 |
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Com. Reg. No.: |
11-057006 |
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Capital Investment
/ Paid-up Capital : |
Rs.6.187 Million |
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|
|
CIN No.: [Company Identification
No.] |
U17120MH1990PTC057006 |
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|
IEC No.: |
0393074811 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNED04085E |
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|
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PAN No.: [Permanent Account No.] |
AAACD5900H |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Exporter of Polymer Emulsions and Adhesives. (Confirmed by Management) |
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|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1990 having satisfactory track. Management has failed to file its financials for FY 15 with Registrar
of companies. For the FY 14, the company has achieved decent turnover marked by
satisfactory profit margin. The company possesses adequate net worth base marked by fair cash
accruals, however reported moderate debt levels. Trade relations are fair. Business is active. Payment terms slow but
correct. The company can be considered 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
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 (GENERAL DETAILS)
|
Name : |
Mr. Amol |
|
Designation : |
Export Department |
|
Contact No.: |
91-22-61537600 |
|
Date : |
15.12.2015 |
LOCATIONS
|
Registered Office : |
Office No.6, 6A, New Excelsior Building, Wallace Street, A. K. Naik
Marg, Fort, Mumbai - 400001, Maharashtra, India |
|
Tel. No.: |
91-22-61537600 / 99 (Total 100 Lines) |
|
Fax No.: |
91-22-61537621/ 22063533 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Address : |
1st Floor, Ramrakshakutir, Behind SIAH School, Kopar Road, Dombivali (West), Mumbai - 421202, Maharashtra, India |
|
|
|
|
Factory : |
Plot No.: 114, MIDC, Tarapur, Boisar, Thane – 401506, Maharashtra,
India |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Ms. Laxmi S. Sharma |
|
Designation : |
Director |
|
Address : |
No. 1, Navrang Apartments, Behind Siah School, Kopar Road, Dombivli (West), Dombivli - 421202, Maharashtra, India |
|
Date of Birth/Age : |
13.07.1955 |
|
Qualification : |
BA |
|
Date of Appointment : |
20.03.2004 |
|
PAN No.: |
AVFPS1545J |
|
DIN No.: |
02599186 |
|
|
|
|
Name : |
Ms. Meena P. Sharma |
|
Designation : |
Director |
|
Address : |
Jyoti Sadan Bolk Z Resi Zone Plot, R 18MIDC Ph II Dombivli, Thane - 421201, Maharashtra, India |
|
Date of Birth/Age : |
21.02.1963 |
|
Qualification : |
BSC |
|
Date of Appointment : |
25.06.1990 |
|
PAN No.: |
ACSPS3165J |
|
DIN No.: |
01962507 |
KEY EXECUTIVES
|
Name : |
Mr. Amol |
|
Designation : |
Export Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Meena P. Sharma |
55633 |
89.93 |
|
Laxmi S. Sharma |
6232 |
10.07 |
|
Total |
61865 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Polymer Emulsions and Adhesives. (Confirmed by Management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Gulf Countries |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
N C Shah and Company Chartered Accountants |
|
Address : |
603, 6th Floor, Cotton Exchange Building, 175, Kalbadevi Road, Mumbai – 400002, Maharashtra, India |
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PAN No.: |
AAKPS9462L |
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E-Mail : |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
Rs.100/- each |
Rs.7.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61865 |
Equity Shares |
Rs.10/- each |
Rs.6.187 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 |
6.187 |
6.187 |
6.187 |
|
(b) Reserves & Surplus |
173.628 |
138.482 |
105.551 |
|
(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) |
179.815 |
144.669 |
111.738 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
444.124 |
383.196 |
273.417 |
|
(b) Deferred tax liabilities (Net) |
2.421 |
1.961 |
1.561 |
|
(c) Other long term
liabilities |
0.000 |
0.100 |
0.100 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
446.545 |
385.257 |
275.078 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
213.322 |
383.525 |
167.366 |
|
(c) Other current
liabilities |
4.456 |
3.732 |
1.385 |
|
(d) Short-term
provisions |
14.780 |
15.965 |
13.858 |
|
Total Current
Liabilities (4) |
232.558 |
403.222 |
182.609 |
|
|
|
|
|
|
TOTAL |
858.918 |
933.148 |
569.425 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
30.140 |
32.293 |
28.512 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.283 |
0.279 |
0.278 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
40.073 |
30.370 |
29.839 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
70.496 |
62.942 |
58.629 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
278.979 |
283.262 |
230.535 |
|
(c) Trade
receivables |
418.354 |
532.059 |
246.180 |
|
(d) Cash
and cash equivalents |
86.296 |
48.868 |
33.875 |
|
(e)
Short-term loans and advances |
4.793 |
6.017 |
0.206 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
788.422 |
870.206 |
510.796 |
|
|
|
|
|
|
TOTAL |
858.918 |
933.148 |
569.425 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
GROSS SALES AND
OTHER RECEIPTS |
2,067.372 |
1,631.318 |
1,251.255 |
|
|
|
|
|
|
|
|
|
|
TOTAL EXPENSES (B) |
NA |
NA |
NA |
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|
|
|
|
|
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|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
126.866 |
102.435 |
76.372 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
70.464 |
48.657 |
31.951 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
56.402 |
53.778 |
44.421 |
|
|
|
|
|
|
|
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|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.883 |
2.711 |
2.202 |
|
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|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
53.519 |
51.067 |
42.219 |
|
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|
|
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|
|
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|
Less |
TAX (H) |
18.374 |
18.136 |
14.327 |
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|
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
35.145 |
32.931 |
27.892 |
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
101.706 |
68.775 |
40.883 |
|
|
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|
|
BALANCE CARRIED
TO THE B/S |
136.851 |
101.706 |
68.775 |
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
527.504 |
401.336 |
266.741 |
|
|
TOTAL EARNINGS |
527.504 |
401.336 |
266.741 |
|
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|
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|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
40.413 |
5.007 |
7.433 |
|
|
TOTAL IMPORTS |
40.413 |
5.007 |
7.433 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
568.09 |
532.31 |
450.83 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.100 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash generated from (Used) operations |
NA |
NA |
NA |
|
Cash generated from Operating Activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.70 |
2.02 |
2.23 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.14 |
6.28 |
6.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.23 |
5.47 |
7.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.35 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.47 |
2.65 |
2.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.39 |
2.16 |
2.80 |
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 |
6.187 |
6.187 |
6.187 |
|
Reserves & Surplus |
105.551 |
138.482 |
173.628 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
111.738 |
144.669 |
179.815 |
|
|
|
|
|
|
Long Term borrowings |
273.417 |
383.196 |
444.124 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
273.417 |
383.196 |
444.124 |
|
Debt/Equity
ratio |
2.447 |
2.649 |
2.470 |
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 |
|
Gross Sales and Other Receipts |
1,251.255 |
1,631.318 |
2,067.372 |
|
|
|
30.375 |
26.730 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Gross Sales and Other
Receipts |
1,251.255 |
1,631.318 |
2,067.372 |
|
Profit |
27.892 |
32.931 |
35.145 |
|
|
2.23% |
2.02% |
1.70% |
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
26 |
Turnover of firm for last three 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 is shifted from 1st Floor, Ramrakshakutir, Behind SIAH School, Kopar Road, Dombivali (West), Mumbai - 421202, Maharashtra, India to present address w.e.f. 11.03.2011
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans repayable on demand from others |
0.287 |
0.287 |
|
Borrowing from government semi-government bodies |
0.946 |
0.946 |
|
Deferred payment liabilities |
2.804 |
2.804 |
|
Loans and advances from related parties |
34.313 |
85.755 |
|
Total |
38.350 |
89.792 |
PERFORMANCE
AND OPERATION:
As compared to gross sales & Other Receipts of Rs1631.318 Million for previous year, the turnover is at Rs.2067.372 Million in the year indicating increased by 26.73%. The net profit after Income Tax, Interest and Depreciation during the year 2013-2014 is of Rs.35.145 Million as compared to Rs.32.931 Million for the previous financial year, which is higher by about 6.72%.
FUTURE OUTLOOK:
There is good demand for the product of the Company. Having good demand in domestic and international market and specially developed anti-tarnishing lacquers along with other emulsions as such good performance is expected. In lieu of increasing demand of the products, the Company has decided to expand its production capacity and the piece of land is identified at Chikhloli MIDC, Ambernath. The processes of acquiring formalities are in progress, which will be expected to complete shortly.
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10287053 |
19/04/2011 |
10,000,000.00 |
BANK OF
INDIA |
D. N.
ROAD BRANCH, SADHANA RAYON BUILDING, D. N. |
B12546453 |
|
2 |
90159196 |
22/06/2015
* |
964,000,000.00 |
BANK OF
INDIA |
D. N. ROAD
BRANCH, SADHANA RAYON BUILDING, D. N. |
C59203299 |
|
3 |
90159183 |
22/06/2015
* |
964,000,000.00 |
BANK OF
INDIA |
D. N.
ROAD BRANCH, SADHANA RAYON BUILDING, D. N. |
C59200410 |
|
4 |
90160455 |
23/01/1997 |
2,300,000.00 |
MAHARASHTRA
STATE FINANCIAL CORPORATION |
NEW
DEXELSIOR BUILDING, 5;7;8;9; FLOOR; AMRIT KES |
- |
|
5 |
90159569 |
28/10/1996 |
1,550,000.00 |
DEVELOPMENT
CREDIT BANK LTD. |
THANE
BRANCH, THANE, THANE, MAHARASHTRA - 400601, |
- |
|
6 |
90159384 |
27/06/1997
* |
975,000.00 |
DEVELOPMENT
CREDIT BANK LTD. |
THANE BRANCH,
THANE, THANE, MAHARASHTRA - 400601, |
- |
FIXED ASSETS
- Land and Building
- Furniture’s and Fixtures
- Office Equipment
- Computer
- 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 records 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. 67.04 |
|
|
1 |
Rs. 101.67 |
|
Euro |
1 |
Rs. 73.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
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 |
|
44 |
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.