MIRA INFORM REPORT
|
Report No. : |
339543 |
|
Report Date : |
04.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
DUFLON INDUSTRIES PRIVATE LIMITED (w.e.f. 06.04.2010) |
|
|
|
|
Formerly Known
As : |
DUFLON POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-101, MIDC, Mahad, Raigad - 402301, Maharashtra |
|
Tel. No.: |
91-2145-232815 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.09.1988 |
|
|
|
|
Com. Reg. No.: |
11-048964 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 65.637 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1988PTC048964 |
|
|
|
|
IEC No.: |
0389010928 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD09915D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD1668G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of fluoropolymer and engineering components for industry,
like Ball valve components. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in 1988 as Duflon Polymers Private Limited and got its present name in 2010-11. It is established company having a satisfactory track record. Company reported profit after tax of Rs.66.400 Million on net sales of at Rs.975.400 Million for 2013-14; it reported a PAT of Rs.107.800 Million on net sales of Rs.1011.000 Million for Rs.2012-13. The rating on company reflects above –average financial risk profile marked by comfortable capital structure and debt protection metrics, supported by healthy operating profitability. Rating strengths is partially offset by company modest scale of operations and exposure to supplier concentration risk and to volatility in the prices. However, trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings at usual trade terms and condition. Note : The partial financial information is taken indirect source
i.e. CRISIL |
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 |
Long term bank facilities BB |
|
Rating Explanation |
Inadequate-credit-quality-and high credit risk. |
|
Date |
10.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
10.12.2014 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Bikash Kumar |
|
Designation : |
Deputy Manager |
|
Contact No.: |
91-7383300687 |
|
Date : |
03.09.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
C-101, MIDC, Mahad, Raigad - 402301, Maharashtra, India |
|
Tel. No.: |
91-2145-232815 |
|
Mobile No.: |
91-7383300687 (Mr. Bikash Kumar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
3, Neeldhara, Shraddhanand Road Extn, Vile-Parle (East), Mumbai 400 057, Maharashtra, India |
|
|
|
|
Factory 2 : |
Block No. 2091 Part I Village, Santej, Taluka-Kalol, Dist.Gandhidham-382721,
Gujrat, India |
|
|
|
|
Global Sales &
Marketing Offices & Distribution Facility: |
6 Waterside Drive, Slough, SL3 6EZ. UK |
|
|
|
|
American - Sales
& Distribution Facility: |
13041-A, Murphy Road, Stafford, Texas 77477 USA |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Rajendra Chintamani Bhatt |
|
Designation : |
Managing Director |
|
Address : |
15/315, Arun Vaidya Nagar, Magathane Borivali (East), Mumbai-400066, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1955 |
|
Date of Appointment : |
20.12.1990 |
|
DIN No.: |
01748434 |
|
|
|
|
Name : |
Mr. Shailesh Mehta |
|
Designation : |
Director |
|
Address : |
406/B, Talati Apartment, Irla Bridge, 101, S.V Road, Andheri (W), Mumbai- 400058, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1957 |
|
Date of Appointment : |
26.09.1988 |
|
DIN No.: |
00468215 |
|
|
|
|
Name : |
Mr. Daljit Singh Gandhum |
|
Designation : |
Additional Director |
|
Address : |
1, Whitehouse Wy, Slough, Slough, Sl37XA, United Kingdom |
|
Date of Birth/Age : |
01.04.1955 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
05235762 |
KEY EXECUTIVES
|
Name : |
Mr. Bikash Kumar |
|
Designation : |
Deputy Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shailesh Mehta |
|
5699168 |
|
Daljit Gandhum |
|
344825 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of fluoropolymer and engineering components for industry,
like Ball valve components. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
·
USA ·
European Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Japan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Financial
Institution: |
· Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India · SICOM Limited, Nirmal, 1st Floor, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Auditors : |
|
|
Name : |
Desai Saksena and Associates Chartered Accountants |
|
Address : |
Laxmi Building, Sir PM Road, Fort, Mumbai-400001, Maharashtra, India |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD6281B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : |
· Duflon Europe Limited, United Kingdom · Gols Technical And Vocational Education Private Limited |
|
|
|
|
Associate : |
· Gurukulonline Learning Solutions Private Limited · Exon Solutions Private Limited |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
· Infinity Data Technologies Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6563733 |
Equity Shares |
Rs.10/- each |
Rs. 65.637
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 |
65.637 |
65.327 |
65.197 |
|
(b) Reserves & Surplus |
641.900 |
572.673 |
464.099 |
|
(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) |
707.537 |
638.000 |
529.296 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
88.027 |
94.690 |
112.462 |
|
(b) Deferred tax liabilities (Net) |
44.874 |
47.469 |
37.595 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.132 |
12.438 |
7.070 |
|
Total Non-current
Liabilities (3) |
145.033 |
154.597 |
157.127 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
344.045 |
282.601 |
226.489 |
|
(b) Trade
payables |
139.889 |
178.171 |
119.918 |
|
(c) Other
current liabilities |
75.939 |
69.002 |
58.054 |
|
(d) Short-term
provisions |
50.735 |
55.069 |
50.220 |
|
Total Current
Liabilities (4) |
610.608 |
584.843 |
454.681 |
|
|
|
|
|
|
TOTAL |
1463.178 |
1377.440 |
1141.104 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
427.917 |
414.657 |
330.380 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
41.597 |
0.000 |
3.802 |
|
(iv)
Intangible assets under development |
15.481 |
15.481 |
15.481 |
|
(b) Non-current Investments |
57.103 |
57.103 |
57.103 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
99.640 |
94.168 |
100.463 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
641.738 |
581.409 |
507.229 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
216.897 |
234.015 |
205.793 |
|
(c) Trade
receivables |
551.756 |
507.079 |
390.623 |
|
(d) Cash
and cash equivalents |
13.536 |
14.542 |
7.938 |
|
(e)
Short-term loans and advances |
39.251 |
40.395 |
29.521 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
821.440 |
796.031 |
633.875 |
|
|
|
|
|
|
TOTAL |
1463.178 |
1377.440 |
1141.104 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
975.409 |
1011.010 |
847.131 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
186.883 |
230.391 |
186.906 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
53.894 |
42.624 |
46.915 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
132.989 |
187.767 |
139.991 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
50.512 |
41.449 |
36.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
82.477 |
146.318 |
103.458 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.044 |
38.526 |
28.061 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
66.433 |
107.792 |
75.397 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.12 |
16.50 |
11.56 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
46.079 |
36.946 |
46.268 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
57.302 |
92.442 |
10.634 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.81 |
10.66 |
8.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
19.16 |
22.79 |
22.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.11 |
11.21 |
9.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.23 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.68 |
0.65 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.36 |
1.39 |
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 |
65.197 |
65.327 |
65.637 |
|
Reserves & Surplus |
464.099 |
572.673 |
641.900 |
|
Net
worth |
529.296 |
638.000 |
707.537 |
|
|
|
|
|
|
long-term borrowings |
112.462 |
94.690 |
88.027 |
|
Short term borrowings |
226.489 |
282.601 |
344.045 |
|
Current maturities of
long-term debts |
46.268 |
36.946 |
46.079 |
|
Total
borrowings |
385.219 |
414.237 |
478.151 |
|
Debt/Equity
ratio |
0.728 |
0.649 |
0.676 |
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) |
|
Sales |
847.131 |
1011.010 |
975.409 |
|
|
|
19.345 |
(3.521) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
847.131 |
1011.010 |
975.409 |
|
Profit |
75.397 |
107.792 |
66.433 |
|
|
8.90% |
10.66% |
6.81% |
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 |
No |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from banks |
0.000 |
2.237 |
|
Term loans from others |
0.353 |
5.093 |
|
Other loans and advances |
12.505 |
9.401 |
|
Total |
12.858 |
16.731 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90226310 |
07/08/2000 |
13,000,000.00 |
STATE BANK OF INDIA |
58TH NEHRU ROAD, VILEPARLE EAST, MUMBAI, Maharashtra - 400057, INDIA |
- |
|
2 |
90220276 |
08/02/2002 * |
13,000,000.00 |
STATE BANK OF INDIA |
58TH NEHRU ROAD, VILEPARLE EAST, MUMBAI, Maharashtra - 400057, INDIA |
- |
|
3 |
90226144 |
17/12/2002 * |
13,000,000.00 |
STATE BANK OF INDIA |
58TH NEHRU ROAD, VILEPARLE EAST, MUMBAI, Maharashtra - 400057, INDIA |
- |
|
4 |
90225961 |
27/08/2014 * |
670,500,000.00 |
State Bank of India |
IFB, Natraj Building, 102, 1st Floor, 194,, Sir M V Road Western
Express Highway, Andheri (E),, Mumbai, Maharashtra - 400069, INDIA |
C21962832 |
|
5 |
90225764 |
04/09/1990 |
5,000,000.00 |
STATE BANK OF INDIA |
58TH NEHRU ROAD, VILEPARLE EAST, MUMBAI, Maharashtra - 400057, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and machinery
- Furniture and fixture
- Computers
- Office equipment
- Vehicle
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.66.23 |
|
|
1 |
Rs.101.22 |
|
Euro |
1 |
Rs.74.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.