|
|
|
MIRA INFORM REPORT
|
Report No. : |
506031 |
|
Report Date : |
28.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRIMEX INDUSTRIES |
|
|
|
|
Registered
Office : |
306, Jagdamba Commercial Complex, Off Link Road, Behind Sai Palace Hotel,
Malad West, Mumbai – 400064, Maharashtra |
|
Tel. No.: |
91-22-42640003 / 28830005 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment: |
2010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 24.776 Million |
|
|
|
|
TIN No.: |
27470980117 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0310061687 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAOFP6323R1ZE |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOFP6323R |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader, Exporter
and Importer of PVC Suction, Braided, Duct, Steel Wire), Hoses, etc.
[Confirmed by management] |
|
|
|
|
No. of Employees
: |
10 (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 70000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated as a proprietary concern established in the
year 2010 and later on 1st April 2013, it got converted into
partnership concern. The concern is a trader, exporter and importer of PVC suction, hoses,
etc. As per the financial of 2017, the concern has achieved a favorable
growth of 12.74% in its revenue as compared to the previous year and has
gained an average net profit margin of 2.72%. The satisfactory financial position of the concern is reflected by
adequate capital base. Payment seems to be slow but correct. In view of aforesaid, the concern 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
|
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 28.04.2018.
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. Gautam Aggarwal |
|
Designation : |
Partner |
|
Contact No.: |
91-9321012304 |
|
Date : |
27.04.2018 |
LOCATIONS
|
Registered Office : |
306, Jagdamba Commercial Complex, Off Link Road, Behind Sai Palace
Hotel, Malad West, Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-42640003 / 28830005 |
|
Mobile No.: |
91-9321012304 [Mr. Gautam Aggarwal] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
600 sq. ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
PARTNERS
|
Name : |
Mr. Shashank Aggarwal |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Gautam Aggarwal |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter
and Importer of PVC Suction (Braided, Duct, Steel Wire), Hoses, etc.
[Confirmed by management] |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
OEM’s
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
10 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
|
|
||||||
|
Auditors : |
|
||||||
|
Name : |
R.A.C. and Company Chartered Accountants |
||||||
|
Membership No.: |
126451 |
||||||
|
|
|
||||||
|
Memberships : |
Not Available |
||||||
|
|
|
||||||
|
Collaborators : |
Not Available |
||||||
|
|
|
||||||
|
Sister Concern: |
|
CAPITAL STRUCTURE
As on 31.03.2017
|
Particulars |
INR In Million |
INR In Million |
|
Partner’s Capital
Account (Current) |
|
|
|
Gautam P Aggarwal |
14.939 |
|
|
Shashank C Aggarwal |
9.787 |
24.726 |
|
Partner’s Capital
Account (Fixed) |
|
|
|
Gautam P Aggarwal |
0.025 |
|
|
Shashank C Aggarwal |
0.025 |
0.050 |
|
|
|
|
|
Total |
|
24.776 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
24.776 |
22.594 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
24.776 |
22.594 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
3.218 |
5.975 |
|
|
TOTAL BORROWING |
|
3.218 |
5.975 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
27.994 |
28.569 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.613 |
2.228 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000
|
0.000
|
|
|
Sundry Debtors |
|
11.356
|
17.971
|
|
|
Cash & Bank Balances |
|
9.863
|
6.580
|
|
|
Other Current Assets |
|
12.150
|
12.691
|
|
|
Loans & Advances |
|
4.259
|
1.682
|
|
Total
Current Assets |
|
37.628
|
38.924
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
4.392
|
9.121
|
|
|
Other Current Liabilities and Provisions |
|
5.855
|
3.462
|
|
Total
Current Liabilities |
|
10.247
|
12.583
|
|
|
Net Current Assets |
|
27.381
|
26.341
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
27.994 |
28.569 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
99.860 |
88.577 |
|
|
Other Income |
|
4.600 |
8.043 |
|
|
TOTAL |
|
104.460 |
96.620 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
80.463 |
67.235 |
|
|
Clearing and Forwarding
Charges |
|
0.850 |
0.800 |
|
|
Custom and Excise Duty |
|
2.720 |
0.196 |
|
|
Packing Material Charges |
|
0.135 |
0.035 |
|
|
Freight Charges |
|
0.161 |
0.270 |
|
|
Marine Freight Charges |
|
4.331 |
5.468 |
|
|
Marine Insurance |
|
0.040 |
0.035 |
|
|
Advertisement |
|
0.000 |
0.015 |
|
|
Audit Fees |
|
0.027 |
0.023 |
|
|
Business Promotion |
|
0.155 |
0.064 |
|
|
Commission Paid |
|
0.879 |
1.432 |
|
|
Courier Charges |
|
0.228 |
0.102 |
|
|
Digital Signature
Expenses |
|
0.002 |
0.004 |
|
|
Diwali Expenses |
|
0.013 |
0.017 |
|
|
Domain Charges |
|
0.000 |
0.003 |
|
|
Donation |
|
0.015 |
0.000 |
|
|
Electricity Charges |
|
0.034 |
0.033 |
|
|
Exhibition Expenses |
|
0.000 |
0.292 |
|
|
Export Inspection Charges |
|
0.005 |
0.005 |
|
|
Foreign Travel Expenses |
|
0.547 |
0.343 |
|
|
Car Hire Charges |
|
0.324 |
0.000 |
|
|
Gratuity Paid |
|
0.034 |
0.000 |
|
|
Insurance Charges |
|
0.063 |
0.030 |
|
|
Int. on TDS |
|
0.000 |
0.000 |
|
|
Int. Paid on loans |
|
0.464 |
0.842 |
|
|
Int. Paid to Partners |
|
2.232 |
1.383 |
|
|
Label and Sticker
Expenses |
|
0.000 |
0.007 |
|
|
License Fees |
|
0.127 |
0.044 |
|
|
Travelling and Lodging
Expenses |
|
0.000 |
0.217 |
|
|
Membership Fees |
|
0.012 |
0.012 |
|
|
Misc. Expenses |
|
0.075 |
0.034 |
|
|
Motor Car Expenses |
|
0.411 |
0.311 |
|
|
News Paper and
Periodicals |
|
0.006 |
0.001 |
|
|
Octroi Expenses |
|
0.003 |
0.002 |
|
|
Printing and Stationery |
|
0.041 |
0.026 |
|
|
Professional Fees |
|
0.017 |
0.078 |
|
|
Railing Business Expenses |
|
0.252 |
0.000 |
|
|
Tea and Snacks Expenses |
|
0.024 |
0.014 |
|
|
Two wheeler Expenses |
|
0.052 |
0.037 |
|
|
Rebate and Discount |
|
0.303 |
1.346 |
|
|
Vat Reduction |
|
0.001 |
0.001 |
|
|
Remuneration to partners |
|
4.295 |
8.050 |
|
|
Rent for office |
|
0.157 |
0.131 |
|
|
Repairs and Maintenance |
|
0.042 |
0.015 |
|
|
Salary to Staff |
|
1.165 |
1.054 |
|
|
Bonus to Staff |
|
0.050 |
0.051 |
|
|
Staff welfare expenses |
|
0.008 |
0.007 |
|
|
Sample Expenses |
|
0.013 |
0.000 |
|
|
Supervision Charges |
|
0.465 |
0.655 |
|
|
Warehousing Charges |
|
0.010 |
0.000 |
|
|
Telephone Expenses |
|
0.093 |
0.074 |
|
|
Conveyance Expenses |
|
0.090 |
0.033 |
|
|
Software Charges |
|
0.000 |
0.003 |
|
|
TOTAL |
|
101.434 |
90.830 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
3.026 |
5.790 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.187 |
0.176 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
2.839 |
5.614 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
0.125 |
0.398 |
|
|
|
|
|
|
|
|
NET PROFIT |
|
2.714 |
5.216 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
250.000 |
|
|
|
|
|
Expected Sales (2018-2019) : INR 250.000 Million [Due to demand in
market]
The above information has been parted by Mr. Gautam Aggarwal (Partner).
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
41.51 |
74.05 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
8.79 |
4.93 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
19.92 |
49.52 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
4.94 |
2.60 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.35 |
0.45 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.13 |
0.26 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.54 |
0.82 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.02 |
0.10 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
16.18 |
32.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
2.72 |
5.89 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
7.10 |
12.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
10.95 |
23.09 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
2.79 |
2.10 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
2.79 |
2.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.65 |
0.55 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.13 |
0.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
2.79 |
2.10 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Share Capital |
22.594 |
24.776 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net worth |
22.594 |
24.776 |
|
|
|
|
|
Secured loan |
0.000 |
0.000 |
|
Unsecured loan |
5.975 |
3.218 |
|
Total borrowings |
5.975 |
3.218 |
|
Debt/Equity ratio |
0.264 |
0.130 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
88.577 |
99.860 |
|
|
|
12.738 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
88.577 |
99.860 |
|
Profit |
5.216 |
2.714 |
|
|
5.89% |
2.72% |
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 – Legal Form |
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 |
No |
|
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 |
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 |
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 two 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,
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 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
JYO |
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.