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|
MIRA INFORM REPORT
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Report No. : |
506250 |
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Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRAFIGURA GLOBAL SERVICES PRIVATE LIMITED (w.e.f. 06.07.2011) |
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Formerly Known
As : |
TRAFCHEM PRIVATE LIMITED (w.e.f. 27.10.2005) AHKAY TRADING PRIVATE LIMITED |
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Registered
Office : |
Unit No.1001 and 1101, A Wing, One BKC, Plot No. C-66,
G-Block, Bandra Kurla Complex , Bandra (East), Mumbai - 400051, |
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Tel. No.: |
91-22-33712599 / 33712500 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
21.03.1995 |
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Com. Reg. No.: |
11-086672 |
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Capital
Investment / Paid-up Capital : |
INR 48.490 Million |
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CIN No.: [Company Identification
No.] |
U72200MH1995PTC086672 |
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IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm
does not have export and import) |
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GSTN : [Goods & Service Tax Registration
No.] |
27AABCT0037C1ZX |
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TIN No: |
27355240617 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Business Auxiliary Services. (Registered Activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a step-down subsidiary of “Trafigura Beheer BV.” based in Netherland. It was incorporated in the year 1995 and it is engaged in providing auxiliary services to its group companies. As per the financial March 2017, the company has registered a growth of 17.15% in its revenue as compared to previous year’s revenue and has reported good profit margin of 7.72% under review. Rating takes into consideration the company’s established track record of business operations marked by sound net worth along with low solvency indicators due to zero debt balance sheet and good liquidity position. Rating continues to derive strength from strong financial and managerial support received from its holding entity backed by experienced management team and established market position. Further, the company has reported good earnings per share of INR 31.11 against its face value of INR 10. Payments are reported to be regular. In view of aforesaid, the company can be considered good 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
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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 27.04.2018
IBBI (Insolvency and Bankruptcy Board of
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE [91-22-33712599/ 2500]
LOCATIONS
|
Registered Office : |
Unit No.1001 and 1101, A Wing, One BKC, Plot No. C-66,
G-Block, Bandra Kurla Complex , Bandra (East), Mumbai - 400051, |
|
Tel. No.: |
91-22-33712599 / 33712500 |
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Fax No.: |
91-22-33712899 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON: 30.09.2017
|
Name : |
Mr. Raoul Bajaj |
|
Designation : |
Director |
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Address : |
B-18, Maharani Bagh, |
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Date of Birth/Age : |
16.11.1974 |
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Qualification: |
Graduate |
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Date of Appointment : |
29.03.2010 |
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DIN No.: |
02280120 |
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Name : |
Mr. Tejinder Singh Hara |
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Designation : |
Director |
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Address : |
2401, |
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Date of Birth/Age : |
18.08.1971 |
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Qualification: |
Graduate |
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Date of Appointment : |
15.12.2011 |
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PAN No.: |
AAEPH3593H |
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DIN No.: |
05120660 |
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Name : |
Mr. Wainwright Stuart Michael |
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Designation : |
Director |
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Address : |
Rue Rousseau, 5, 1201, Geneve, Secteur De District 17, |
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Date of Birth/Age : |
25.07.1973 |
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Qualification: |
Graduate |
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Date of Appointment : |
15.12.2011 |
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PAN No.: |
ACHPW5415A |
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DIN No.: |
05147634 |
DIRECTORS
|
Name : |
Kunal Sharma and Associates |
|
Designation : |
Company Secretaries |
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Address : |
F-712, Titanium City Centre, 100 FT Shyamal to Prahalladnagar Road, Satellite,
Ahmedabad – 380015, Gujarat, India |
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Mob. No: |
91-9033016502/ 73430216 |
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Email: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
% age holding |
|
Trafigura Pte Limited, |
4839210 |
99.80 |
|
Trafigura India Private Limited, |
9800 |
0.20 |
|
Total |
4849010 |
100.00 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Bodies corporate) |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Business Auxiliary Services. (Registered Activity) |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
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Name : |
SBP and Associates Chartered Accountants |
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Address : |
1208, Maker Chamber-V, Nariman Point, Mumbai – 400021, |
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Fax No.: |
91-22-65733712/22871904/22872365 |
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E-Mail : |
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Website: |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABGFS0748E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company: |
Trafigura Pte Limited, |
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Ultimate Holding
Company : |
Trafigura Beheer B.V. Netherlands |
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Other Related
Parties : |
·
Trafigura India Private Limited
[U51909DL2009FTC234813] Titra Trading Private Limited [U51493DL2012PTC271624] Lykos India Private Limited [U51101DL2013PTC262458] Tafigura Services Sa Pty Limited, Language Architecture Body (Receipt of Architect
Services), Trafigura AG Trafigura Limited, |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4849010 |
Equity Shares |
INR 10/- each |
INR 48.490
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
48.490 |
48.490 |
48.490 |
|
(b) Reserves and Surplus |
1058.886 |
908.014 |
742.073 |
|
(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) |
1107.376 |
956.504 |
790.563 |
|
|
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(3)
Non-Current Liabilities |
|
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|
(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 |
|
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|
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(4)
Current Liabilities |
|
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|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
248.901 |
185.050 |
142.277 |
|
(c) Other
current liabilities |
167.832 |
322.433 |
11.770 |
|
(d) Short-term
provisions |
90.857 |
69.306 |
51.472 |
|
Total Current
Liabilities (4) |
507.590 |
576.789 |
205.519 |
|
|
|
|
|
|
TOTAL |
1614.966 |
1533.293 |
996.082 |
|
|
|
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II.
ASSETS |
|
|
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|
(1)
Non-current assets |
|
|
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|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
517.765 |
621.614 |
124.196 |
|
(ii)
Intangible Assets |
10.685 |
12.674 |
0.047 |
|
(iii) Tangible assets
capital work-in-progress |
0.365 |
0.000 |
274.900 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
33.903 |
19.698 |
14.482 |
|
(d)
Long-term loans and advances |
617.302 |
619.728 |
40.743 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1180.020 |
1273.714 |
454.368 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
5.362 |
12.822 |
13.705 |
|
(d) Cash and
bank balances |
37.495 |
103.757 |
457.209 |
|
(e)
Short-term loans and advances |
2.707 |
49.495 |
4.987 |
|
(f) Other
current assets |
389.382 |
93.505 |
65.813 |
|
Total
Current Assets |
434.946 |
259.579 |
541.714 |
|
|
|
|
|
|
TOTAL |
1614.966 |
1533.293 |
996.082 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1954.411 |
1668.325 |
1205.830 |
|
|
Other Income |
4.812 |
16.990 |
30.766 |
|
|
TOTAL |
1959.223 |
1685.315 |
1236.596 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employee benefit expense |
1010.223 |
828.818 |
681.624 |
|
|
CSR expenditure |
6.249 |
0.000 |
0.000 |
|
|
Other expenses |
534.866 |
540.000 |
276.038 |
|
|
Exceptional items |
61.503 |
17.902 |
447.504 |
|
|
TOTAL |
1612.841 |
1386.720 |
1405.166 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
346.382 |
298.595 |
(168.570) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
1.650 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
346.382 |
296.945 |
(168.570) |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
112.612 |
86.597 |
53.386 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
233.770 |
210.348 |
(221.956) |
|
|
|
|
|
|
|
Less |
TAX |
82.898 |
44.406 |
84.587 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
150.872 |
165.942 |
(306.543) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1981.712 |
1641.958 |
1197.191 |
|
|
TOTAL EARNINGS |
1981.712 |
1641.958 |
1197.191 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2.244 |
22.640 |
103.859 |
|
|
TOTAL IMPORTS |
2.244 |
22.640 |
103.859 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
31.114 |
34.222 |
(71.24) |
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 |
|
|
|
|
|
|
Net cash flows from (used in) operations |
211.280 |
54.768 |
81.912 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(59.123) |
(3.024) |
(16.922) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
1.00 |
2.81 |
4.15 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
364.49 |
130.11 |
87.98 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.66 |
0.47 |
-0.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.31 |
0.38 |
0.21 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.46 |
0.60 |
0.26 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.48 |
0.66 |
0.50 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
180.97 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.72 |
9.95 |
(25.42) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.34 |
10.82 |
(30.77) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
13.62 |
17.35 |
(38.78) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.86 |
0.45 |
2.64 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.86 |
0.45 |
2.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.69 |
0.62 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.86 |
0.45 |
2.64 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
48.490 |
48.490 |
48.490 |
|
Reserves & Surplus |
742.073 |
908.014 |
1058.886 |
|
Net
worth |
790.563 |
956.504 |
1107.376 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
1205.830 |
1668.325 |
1954.411 |
|
|
|
38.355 |
17.148 |
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 |
1205.830 |
1668.325 |
1954.411 |
|
Profit /(Loss) |
(306.543) |
165.942 |
150.872 |
|
|
(25.42%) |
9.95% |
7.72% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth 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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
STATE OF
The Company's operations resulted in total revenues of INR 1959.223 Million as against INR 1685.315 Million for the previous year. The net Profit for the year ended amounted to INR 150.872 Million as against of loss INR 165.942 Million in the previous year.
FIXED ASSETS:
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
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 66.83 |
|
|
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
MTN |
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.