|
|
|
MIRA INFORM REPORT
|
Report No. : |
504500 |
|
Report Date : |
25.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SONU CONSTRUCTION AND ENGINEERS LLP |
|
|
|
|
Registered
Office : |
Flat No. A/602, 6th Floor, Shree Krishna Darshan, Gavan Pada, Neelam
Nagar, Phase 2, Mulund (East), Mumbai – 400081, Maharashtra |
|
Tel. No.: |
91-22-25772595/ 25773441 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
11.11.2010 |
|
|
|
|
Total Obligation
Fund : |
INR 2.000 million |
|
|
|
|
LLPIN : |
AAA-2748 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the
management that firm does not have export and import) |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27ABVFS1807R1Z7 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABVFS1807R |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
· To carry on the business of engineering and contractor of civil/structural work (Registered Activity and also Confirmed by management) · Manufacturer of Tunnel Gantry (Confirmed by management) |
|
|
|
|
No. of Employees
: |
12 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a limited partnership firm started in the year 2010 and it
is having satisfactory track. It is manufacturer of tunnel gantry. For the financial year 2017, the firm has registered decrease in its
revenue from operation as compared to previous year and maintained average
profitability margin of 2.08%. General financial position of the firm is seems to be sound and
acceptable. The firm also derives strength from its improvement in the
profitability profile during the year and comfortable liquidity position. However, rating strength is partially offset by excess of borrowing
recorded during the year and intense competition from industry. Trade relations are reported as fair. Business is active. Payment
terms are seems to be slow but correct. In view of aforesaid, the firm 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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2018.
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 25.04.2018
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. Vikash Jadhav |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-25772595/ 25773441 |
|
Date : |
20.04.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Flat No. A/602, 6Th Floor, Shree Krishna Darshan, Gavan Pada, Neelam
Nagar Phase 2, Mulund (East), Mumbai – 400081, Maharashtra, India |
|
Tel. No.: |
91-22-25772595/ 25773441 |
|
Fax No.: |
91-22-25774273 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Correspondence Office : |
A1&2, Shiv Bhole Laghu Udyog, Opposite HCC Limited, LBS Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra, India |
PARTNERS
As on 31.03.2017
|
Name : |
Mr. Suresh Papanna Satri |
||||||||||||
|
Designation : |
Designated Partner |
||||||||||||
|
Address : |
Flat No. A/602, 6th Floor, Shree - Krishna Darshan, Neelam Nagar,
Phase 2 Mulund (East), Mumbai-400081, Maharashtra, India |
||||||||||||
|
Date of Appointment : |
11.11.2010 |
||||||||||||
|
DPIN No.: |
02205930 |
||||||||||||
|
Other Directorship
:
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mrs. Savita Suresh Satri |
||||||||||||
|
Designation : |
Designated Partner |
||||||||||||
|
Address : |
Flat No. A/602, 6th Floor, Shree - Krishna Darshan, Neelam Nagar,
Phase 2 Mulund (East), Mumbai-400081, Maharashtra, India |
||||||||||||
|
Date of Appointment : |
11.11.2010 |
||||||||||||
|
DPIN No.: |
05009961 |
||||||||||||
|
Other
Directorship :
|
|||||||||||||
|
|
|
||||||||||||
|
Name : |
Mr. Shivram Papanna Satri |
||||||||||||
|
Designation : |
Designated Partner |
||||||||||||
|
Address : |
T-227, Do. Ambewadi Zopadpatti, L. B. S. Marg, Vikhroli (West),
Mumbai- 400083, Maharashtra, India |
||||||||||||
|
Date of Appointment : |
16.03.2015 |
||||||||||||
|
DPIN No.: |
07125415 |
||||||||||||
|
|
|
||||||||||||
|
Name : |
Mrs. Ganga Shivram Satri |
||||||||||||
|
Designation : |
Designated Partner |
||||||||||||
|
Address : |
T-227, Do. Ambewadi Zopadpatti, L. B. S. Marg, Vikhroli (West),
Mumbai- 400083, Maharashtra, India |
||||||||||||
|
Date of Appointment : |
16.03.2015 |
||||||||||||
|
DPIN No.: |
07125421 |
||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Vikash Jadhav |
|
Designation : |
Accountant |
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Person |
Capital
Contribution (INR in Million) |
Contribution
Received (INR in Million) |
|
Ganga Shivram Satri |
1.000 |
0.200 |
|
Shivram Papanna Satri |
1.500 |
0.300 |
|
Savita Suresh Satri |
3.500 |
0.700 |
|
Suresh Papanna Satri |
4.000 |
0.800 |
|
Total |
10.000 |
2.000 |
Total obligation of contribution of partners INR 10.000 million
Total contribution received by all partners INR 2.000 million
BUSINESS DETAILS
|
Line of Business : |
· To carry on the business of engineering and contractor of civil/structural work (Registered Activity and also Confirmed by management) · Manufacturer of Tunnel Gantry (Confirmed by management) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
South Africa |
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment, Cheque, Others (NEFT, RTGS) |
|
|
|
|
Purchasing : |
Advance Payment, Cheque, Others (NEFT, RTGS) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
12 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Dharmendra Manulal Darji Chartered Accountant |
|
Address : |
Shop No. 4, Dev Ashish, Nahar Nagar, Malad (West), Mumbai – 400064,
Maharashtra, India |
|
E-Mail : |
|
|
Membership No.: |
122223 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries (As
Confirmed by management): |
Constro Systems and Engineers Private Limited, Vikhroli |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
Total obligation
fund |
INR 2.000
Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Contribution received |
2.000 |
2.000 |
2.000 |
|
|
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 |
2.000 |
2.000 |
2.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7.701 |
11.040 |
9.614 |
|
|
2] Unsecured Loans |
0.927 |
1.548 |
5.503 |
|
|
3] Short term borrowing |
6.736 |
5.034 |
2.131 |
|
|
TOTAL BORROWING |
15.364 |
17.622 |
17.248 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.364 |
19.622 |
19.248 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
32.742 |
27.416 |
27.276 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2.362
|
2.195
|
9.436
|
|
|
Sundry Debtors |
0.000
|
4.930
|
3.996
|
|
|
Cash & Bank Balances |
7.729
|
9.703
|
9.234
|
|
|
Other Current Assets |
2.224
|
0.000
|
0.000
|
|
|
Loans & Advances |
13.656
|
6.875
|
2.974
|
|
Total
Current Assets |
25.971
|
23.703
|
25.640
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
39.077
|
30.133
|
31.553
|
|
|
Other Current Liabilities |
0.659
|
0.659
|
0.659
|
|
|
Provisions |
1.613
|
0.705
|
1.456
|
|
Total
Current Liabilities |
41.349
|
31.497
|
33.668
|
|
|
Net Current Assets |
(15.378)
|
(7.794)
|
(8.028)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
17.364 |
19.622 |
19.248 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
129.790 |
154.694 |
112.322 |
|
|
Other Income |
0.033 |
0.159 |
0.000 |
|
|
TOTAL
|
129.823 |
154.853 |
112.322 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Raw material consumed |
101.095 |
112.370 |
96.593 |
|
|
Increase/(decrease) in stocks [including
for raw materials, work in progress and finished goods] |
(0.166) |
7.241 |
(8.586) |
|
|
Consumption of stores and
spare parts |
4.020 |
4.150 |
4.026 |
|
|
Power and fuel |
0.666 |
0.708 |
0.471 |
|
|
Personnel Expenses |
9.444 |
13.153 |
6.855 |
|
|
Administrative expenses |
0.150 |
4.681 |
2.961 |
|
|
Payment to auditors |
0.300 |
0.300 |
0.300 |
|
|
Selling expenses |
3.223 |
1.887 |
2.030 |
|
|
Insurance expenses |
0.081 |
0.041 |
0.061 |
|
|
Other expenses |
3.572 |
3.655 |
1.194 |
|
|
TOTAL |
122.385 |
148.186 |
105.905 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
7.438 |
6.667 |
6.417 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.944 |
1.146 |
1.909 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.494 |
5.521 |
4.508 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.791 |
3.547 |
3.418 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.703 |
1.974 |
1.090 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
2.703 |
1.974 |
1.090 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
141.300 |
The above information has been parted by Mr. Vikas Jadhav (Accountant)
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.00 |
11.63 |
12.99 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
0.00 |
31.38 |
28.11 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
141.09 |
97.88 |
119.23 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
3.15 |
3.04 |
0.68 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.23 |
0.24 |
0.24 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.97 |
0.96 |
0.96 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
7.68 |
8.81 |
8.62 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
20.67 |
15.75 |
16.83 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
16.37 |
13.71 |
13.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
7.88 |
5.82 |
3.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
2.08 |
1.28 |
0.97 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.60 |
3.86 |
2.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
135.15 |
98.70 |
54.50 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.63 |
0.75 |
0.76 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.57 |
0.68 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.03 |
0.04 |
0.04 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
7.68 |
8.81 |
8.62 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.63 |
0.75 |
0.76 |
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 |
|
Contribution received |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
2.000 |
2.000 |
2.000 |
|
|
|
|
|
|
Secured Loans |
9.614 |
11.040 |
7.701 |
|
Unsecured Loans |
5.503 |
1.548 |
0.927 |
|
Short term borrowings |
2.131 |
5.034 |
6.736 |
|
Total
borrowings |
17.248 |
17.622 |
15.364 |
|
Debt/Equity
ratio |
8.624 |
8.811 |
7.682 |
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 |
112.322 |
154.694 |
129.790 |
|
|
|
37.724 |
(16.099) |
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 |
112.322 |
154.694 |
129.790 |
|
Profit |
1.090 |
1.974 |
2.703 |
|
|
0.97% |
1.28% |
2.08% |
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 |
No |
|
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 |
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 four 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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR LLP
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 records 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 66.22 |
|
UK Pound |
1 |
INR 92.84 |
|
Euro |
1 |
INR 81.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHR |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
YES |
|
--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.