|
|
|
MIRA INFORM REPORT
|
Report No. : |
502156 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAN PRINTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
119, Ravi Kiran Estate, Link Road, Near Monginis Factory, Andheri
(West), Mumbai – 400053, Maharashtra |
|
Mobile No.: |
91-9821140327 (Mr. Ashok Dullabhdas Newaskar) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
30.03.2010 |
|
|
|
|
Com. Reg. No.: |
11-201472 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.150 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH2010PTC201472 |
|
|
|
|
IEC No.: [Import-Export
Code No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAOCS0750J1Z2 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAOCS0750J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of screen printing materials. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management
|
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a successor of San Printech, a proprietary concern started
in the year 1998. Subject
was incorporated in the year 2010 and it is engaged in trading of printing
inks, writing or drawing inks. As per financials
of March 2017, the company has registered a growth of 15.46% in its revenue
as compared to its previous year’s revenue and has reported average profit
margin of 2.46%. Rating
takes into consideration the company’s satisfactory track record of business
operations marked by sound net worth base along with low solvency indicators
and decent liquidity position. Further,
the company has reported a good earnings per share of INR 122.02s against its
face value of INR 10. Payments
terms 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.
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 05.04.2018
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 DENIED BY
|
Name : |
Mr. Jignesh |
|
Designation : |
Accounts Manage |
|
Contact No.: |
91-22-40542400 |
|
|
|
|
Name : |
Mr. Ashok Dullabhdas Newaskar |
|
Designation : |
Director |
|
Contact No.: |
91-9821140327 |
|
|
|
|
Date : |
05.04.2018 |
LOCATIONS
|
Registered Office : |
119, Ravi Kiran Estate, Link Road, Near Monginis Factory, Andheri
(West), Mumbai – 400053, Maharashtra , India |
|
Tel. No.: |
91-22-40542400 |
|
Mobile No.: |
91-9821140327 (Mr. Ashok Dullabhdas Newaskar) |
|
Fax No.: |
91-22-66952451 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse: |
III, K T Industrial Estate, B 1, 2 Off Galani Naka, Waliv Vasai
(East), Maharashtra, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Saurabh Ashok Newaskar |
|
Designation : |
Wholetime Director |
|
Address : |
401, RAJ Vastu, Model Town Society, Gulmohar Cross Road
No.7, JVPD Vile Parle (West), Mumbai -400049, Maharashtra, India |
|
Date of Appointment : |
01.04.2015 |
|
DIN No.: |
02967078 |
|
|
|
|
Name : |
Mr. Ashok Dullabhdas Newaskar |
|
Designation : |
Director |
|
Address : |
401, Raj Vastu, Model Town So, Gulmohar Cross Road No. 7,
JVPD, Vile Parle (West ) Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1955 |
|
Date of Appointment : |
30.03.2010 |
|
DIN No.: |
00694774 |
|
|
|
|
Name : |
Mrs. Sandhya Ashok Newaskar |
|
Designation : |
Director |
|
Address : |
401, Raj Vastu, Model Town So, Gulmohar Cross Road No. 7, JVPD,
Vile Parle (West ) Mumbai - 400049, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1964 |
|
Date of Appointment : |
30.03.2010 |
|
DIN No.: |
00695040 |
KEY EXECUTIVES
|
Name : |
Mr. Jignesh |
|
Designation : |
Accounts Manage |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Dullabhdas Newaskar |
|
5000 |
|
Sandhya Ashok Newaskar |
|
5000 |
|
Saurabh Ashok Newaskar |
|
5000 |
|
Total |
|
15000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
66.67 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
33.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of screen printing materials. [Registered Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Sanjay B. Vora and Company Chartered Accountants |
|
Address : |
Office No. 10, Lower Ground Floor, Nirmal Galaxy, LBS Road, Next to
Deep Mandir Cinema, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Tel. No.: |
91-22-67426675 |
|
Mobile No.: |
91-9323780138 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABPV6216E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
INR 10/- each |
INR 0.150 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.150 |
0.150 |
0.100 |
|
(b) Reserves &
Surplus |
8.368 |
6.537 |
4.860 |
|
(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) |
8.518 |
6.687 |
4.960 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
18.561 |
24.407 |
17.954 |
|
(b) Trade payables |
11.477 |
11.871 |
10.143 |
|
(c) Other current
liabilities |
10.061 |
6.994 |
6.362 |
|
(d) Short-term provisions |
2.155 |
1.835 |
1.940 |
|
Total Current Liabilities
(4) |
42.254 |
45.107 |
36.399 |
|
|
|
|
|
|
TOTAL |
50.772 |
51.794 |
41.359 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.388 |
1.249 |
0.465 |
|
(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 |
0.110 |
0.057 |
0.030 |
|
(c) Deferred tax assets
(net) |
0.025 |
0.025 |
0.025 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1.523 |
1.331 |
0.520 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
25.278 |
27.119 |
21.688 |
|
(c) Trade receivables |
19.217 |
17.319 |
15.289 |
|
(d) Cash and cash
equivalents |
0.202 |
0.193 |
0.320 |
|
(e) Short-term loans and
advances |
4.552 |
5.832 |
3.542 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
49.249 |
50.463 |
40.839 |
|
|
|
|
|
|
TOTAL |
50.772 |
51.794 |
41.359 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
74.356 |
64.400 |
52.620 |
|
|
Other Income |
4.421 |
3.394 |
5.718 |
|
|
TOTAL |
78.777 |
67.794 |
58.338 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
60.977 |
52.774 |
44.433 |
|
|
Employees benefits
expense |
6.639 |
5.858 |
4.674 |
|
|
Other expenses |
7.122 |
5.620 |
5.868 |
|
|
TOTAL |
74.738 |
64.252 |
54.975 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
4.039 |
3.542 |
3.363 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.970 |
0.805 |
0.856 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
3.069 |
2.737 |
2.507 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.527 |
0.348 |
0.248 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.542 |
2.389 |
2.259 |
|
|
|
|
|
|
|
Less |
TAX |
0.712 |
0.712 |
0.629 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.830 |
1.677 |
1.630 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
122.00 |
NA |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
94.33 |
98.16 |
106.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.87 |
3.72 |
3.44 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
68.70 |
82.10 |
83.32 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.16 |
0.13 |
0.16 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.91 |
2.84 |
7.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.83 |
0.87 |
0.88 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.18 |
3.65 |
3.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.96 |
6.75 |
7.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.16 |
0.19 |
0.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
4.16 |
4.40 |
3.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.46 |
2.60 |
3.10 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.60 |
3.24 |
3.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
21.48 |
25.08 |
32.86 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.17 |
1.12 |
1.12 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.57 |
0.52 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.17 |
0.13 |
0.12 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
123.74 |
162.71 |
179.54 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.17 |
1.12 |
1.12 |
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 |
|
Share Capital |
0.100 |
0.150 |
0.150 |
|
Reserves & Surplus |
4.860 |
6.537 |
8.368 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4.960 |
6.687 |
8.518 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
17.954 |
24.407 |
18.561 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
17.954 |
24.407 |
18.561 |
|
Debt/Equity
ratio |
3.620 |
3.650 |
2.179 |
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
|
52.620 |
64.400 |
74.356 |
|
|
|
22.387 |
15.460 |
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
|
52.620 |
64.400 |
74.356 |
|
Profit |
1.630 |
1.677 |
1.830 |
|
|
3.10% |
2.60% |
2.46% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF
OPERATION
During the year, the company has earned profit of INR 1.830 Million. The
net profit for the year has been INR 1.830 million as against 1.677 million
during the previous financial year. The directors are continuously looking for
avenues to increase to profitability.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances
from related parties |
|
|
|
Ashok D. Newaskar ( Director ) |
16.039 |
19.290 |
|
Sandya Ashok Newaskar (Director) |
1.401 |
1.109 |
|
San Fibres And Chemicals Private Limited |
0.000 |
2.000 |
|
Saurabh Ashok Newaskar (Director) |
0.294 |
0.000 |
|
Other loans and advances (specify nature) |
0.000 |
1.354 |
|
Total |
17.734 |
23.753 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
C34972596 |
10354479 |
CORPORATION BANK |
26/03/2012 |
25/09/2014 |
6000000.0 |
A-02-03,DEV PRESTIGE,VEERADESAI
ROADANDHERI WESTMUMBAIMH400058IN |
FIXED ASSETS:
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Office equipment
- Air Conditioner
- Fire Equipments
- Computer Printer
- Computer
- Mobile
Intangible Assets
- Goodwill
- Brands /trademarks
- Computer software
- Mastheads and publishing titles
- Mining rights
- Copyrights, and patents and other intellectual property rights, services and operating rights
- Recipes, formulae, models, designs and prototypes
- Licenses and franchise
- Others (specify nature)
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
|
INR |
|
US Dollar |
1 |
INR 65.02 |
|
|
1 |
INR 91.49 |
|
Euro |
1 |
INR 79.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
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 |
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.