|
|
|
MIRA INFORM REPORT
|
Report No. : |
501660 |
|
Report Date : |
03.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
ZENITH PLASTIC INDUSTRIES |
|
|
|
|
Registered
Office : |
601/604, Saral Apartments, A-Wing, Vanshree Compound, Marve Road, Malad (West), Mumbai – 400064, Maharashtra |
|
Mobile No.: |
91-9321012302/ 9821138253 (Mr. Chetan B Aggarwal) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.01.2011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 16.239 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0310075661 |
|
|
|
|
TIN No: |
27060812581 |
|
|
|
|
GSTIN No.: [Goods & Service Tax
Registration No.] |
27AACHC9672E1Z8 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACHC9672E |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Stockiest and Trader of Plastic and Polymers.
(Confirmed by Management) |
|
|
|
|
No. of Employees
: |
05 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 46000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietary concern established in the year 2011. It is a
stockiest and trader of Plastic and Polymers. As per the financial of 2017, the concern has achieved a decent growth
of 27.28% in its revenue as compared to the previous year revenue and has
reported low net profit margin of 0.77%. The overall financial position of the concern seems to be satisfactory
marked by sufficient capital base. Furthermore, the subject’s customer (Kisan Mouldings Private Limited)
has given positive feedback and is satisfied with the subject’s product
quality and delivery behaviour. Supplier (Ravi Vinyls India Limited) has also
given positive feedback and is satisfied with the subject’s payments
behaviour. Payments seems to be usually correct. In view of aforesaid, 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 03.04.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY
|
Name : |
Mr. Chetan B Aggarwal (HUF) |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9321012302 |
|
Date : |
03.04.2018 |
LOCATIONS
|
Registered Office : |
601/604, Saral Apartments, A-Wing, Vanshree Compound, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-42640003 |
|
Mobile No.: |
91-9321012302/ 9821138253 (Mr. Chetan B Aggarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
2000 Sq.Ft |
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Administrative Office : |
306, 3rd Floor, Jagadamba Commercial Complex, Above Movie Time Theatre, Link Road, Malad (West) Mumbai - 400064, Maharashtra, India |
|
Area : |
670 Sq.Ft |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Godown No.2, Chaudhary Compound, Near IBP Petrol Pump, Purna Village,
Bhiwandi, Maharashtra, India |
SOLE PROPRIETOR
|
Name : |
Mr. Chetan B Aggarwal (HUF) |
|
Designation : |
Proprietor |
|
Address : |
604, Saral Apartments, A-Wing, Vanshree Compound, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Age : |
57 Years |
|
Qualification : |
B. Com |
|
Experience : |
36 Years |
|
PAN No.: |
AACHC9672E |
BUSINESS DETAILS
|
Line of Business : |
Stockiest and Trader of Plastic and Polymers.
(Confirmed by Management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Plastic Polymers |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||||||||||
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||||||||||||||||||||||
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Customers : |
Retailers and End User
|
||||||||||||||||||||||
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||||||||||||||||||||||
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No. of Employees : |
05 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
RAC and Company Chartered Accountants |
|
Address : |
Malad, Mumbai, Maharashtra, India |
|
M. No.: |
126451 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
PARTICULARS |
INR in Million |
|
Proprietor’s Capital |
16.239 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’s Capital |
16.239 |
14.615 |
13.840 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
16.239 |
14.615 |
13.840 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
1.532 |
|
|
2] Unsecured Loans |
9.900 |
5.457 |
8.479 |
|
|
TOTAL
BORROWING |
9.900 |
5.457 |
10.011 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.139 |
20.072 |
23.851 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.836 |
0.977 |
1.151 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.385 |
6.743 |
6.799 |
|
|
Sundry Debtors |
17.350 |
15.746 |
13.741 |
|
|
Cash & Bank Balances |
1.609 |
0.880 |
0.337 |
|
|
Other Current Assets |
0.613 |
0.081 |
0.842 |
|
|
Loans & Advances |
13.108 |
3.634 |
11.313 |
|
Total Current Assets |
37.065 |
27.084 |
33.032 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.734 |
7.796 |
8.586 |
|
|
Other Current Liabilities and
Provision |
2.028 |
0.193 |
1.746 |
|
Total Current Liabilities |
11.762 |
7.989 |
10.332 |
|
|
Net Current
Assets |
25.303 |
19.095 |
22.700 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.139 |
20.072 |
23.851 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
175.245 |
137.686 |
145.983 |
|
|
Other Income |
0.509 |
0.825 |
1.199 |
|
|
TOTAL |
175.754 |
138.511 |
147.182 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
170.257 |
133.071 |
141.420 |
|
|
Software Charge |
0.009 |
0.000 |
0.000 |
|
|
Audit Fees |
0.027 |
0.023 |
0.023 |
|
|
Commission Paid |
0.381 |
0.679 |
0.237 |
|
|
Courier Charges |
0.006 |
0.040 |
0.017 |
|
|
Water and Electricity
Charges |
0.040 |
0.046 |
0.049 |
|
|
Foreign Exchange
Variation account |
0.032 |
0.000 |
0.000 |
|
|
Freight Outward Charges |
0.007 |
0.008 |
0.050 |
|
|
Octroi Charges |
0.009 |
0.000 |
0.000 |
|
|
Insurance Charges |
0.035 |
0.019 |
0.021 |
|
|
Motor Car Expenses |
0.162 |
0.161 |
0.184 |
|
|
Miscellaneous Expenses |
0.024 |
0.018 |
0.037 |
|
|
Tea and Coffee Expenses |
0.002 |
0.004 |
0.005 |
|
|
Membership Fees |
0.012 |
0.012 |
0.011 |
|
|
Printing and Stationery |
0.011 |
0.013 |
0.012 |
|
|
Rent Paid |
0.276 |
0.276 |
0.256 |
|
|
Diwali Expenses |
0.009 |
0.005 |
0.016 |
|
|
Int on TDS |
0.000 |
0.000 |
0.000 |
|
|
Staff Welfare Expenses |
0.011 |
0.007 |
0.031 |
|
|
Salary and Bonus to staff |
1.280 |
0.913 |
0.870 |
|
|
Vat/CST Paid |
0.001 |
0.008 |
0.000 |
|
|
Repairs and Maintenance |
0.010 |
0.009 |
0.015 |
|
|
Telephone Expenses |
0.038 |
0.037 |
0.062 |
|
|
Travelling and Conveyance |
0.052 |
0.038 |
0.019 |
|
|
Freight Charges |
0.327 |
0.275 |
0.568 |
|
|
Installation Charges |
0.086 |
0.125 |
0.000 |
|
|
Loading and Unloading
Charges |
0.102 |
0.157 |
0.094 |
|
|
Clearing and Forwarding
Charges |
0.000 |
0.006 |
0.020 |
|
|
Marine Freight |
0.000 |
0.146 |
0.000 |
|
|
Packing Charges |
0.000 |
0.022 |
0.000 |
|
|
Other Expenses |
0.000 |
0.555 |
0.926 |
|
|
TOTAL |
173.206 |
136.673 |
144.943 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
2.548 |
1.838 |
2.239 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.046 |
0.777 |
1.112 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1.502 |
1.061 |
1.127 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.159 |
0.176 |
0.209 |
|
|
|
|
|
|
|
|
NET PROFIT/(Loss) |
1.343 |
0.885 |
0.918 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
|
Net cash flow from operating activities |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
36.14 |
41.74 |
34.36 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
10.10 |
8.74 |
10.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
20.87 |
21.38 |
22.16 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.58 |
0.27 |
0.33 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.05 |
1.88 |
1.95 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.57 |
0.48 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
0.61 |
0.37 |
0.72 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.33 |
0.92 |
1.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.05 |
0.07 |
0.08 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.44 |
2.37 |
2.01 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
0.77 |
0.64 |
0.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.54 |
3.15 |
2.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
8.27 |
6.06 |
6.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.71 |
2.01 |
1.76 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.51 |
1.51 |
1.39 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.43 |
0.52 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.61 |
0.37 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.71 |
2.01 |
1.76 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Proprietor’s Capital |
13.840 |
14.615 |
16.239 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
13.840 |
14.615 |
16.239 |
|
|
|
|
|
|
Secured Loans |
1.532 |
0.000 |
0.000 |
|
Unsecured Loans |
8.479 |
5.457 |
9.900 |
|
Total
borrowings |
10.011 |
5.457 |
9.900 |
|
Debt/Equity
ratio |
0.723 |
0.373 |
0.610 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
145.983 |
137.686 |
175.245 |
|
|
|
(5.684) |
27.279 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
145.983 |
137.686 |
175.245 |
|
Profit |
0.918 |
0.885 |
1.343 |
|
|
0.63% |
0.64% |
0.77% |
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/ Age of Proprietor /
Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
No |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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
|
INR |
|
US Dollar |
1 |
INR 65.04 |
|
UK Pound |
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
TRUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low risk
of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the business
is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.