|
|
|
MIRA INFORM REPORT
|
Report No. : |
489249 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
GENERAL TECHNOLOGIES |
|
|
|
|
Registered
Office : |
Unit No.4, Ground Floor, Municipal Industrial Estate, Bapti Road West, Near Navjivan Circle, Grant Road (East), Mumbai - 400008, Maharashtra |
|
Tel. No.: |
91-22-67949900 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
2001 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 28.702 Million |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
GSTIN No.: |
27AAEFG1446N1Z7 |
|
|
|
|
TIN No.: |
27150300420 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAEFG1446N |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Distributor of Computer Peripherals and providing end to end
Information Technology Solutions. (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
50 (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 82000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a partnership firm established in the year 2001 and it is a distributor of computer peripherals and providing end to end information technology solutions. As per available financials of March 2017, the subject has achieved a sales turnover of INR 490.760 million and has reported minimal profit margin of 0.39%. Rating takes into consideration the subject’s established track record of business operations marked by sound capital base along with low solvency indicators and decent liquidity position. Payments seems to be slow but correct. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted at the given address which you have provided. Our executive has successfully traced the subject at the given address. At the premises, our executive had met Mr. Aamir, designation (Not Divulged) and he claimed that the subject exists on the given address. As per our executive’s observation, it is a 3 storey building and subject is situated on ground floor. Area of the premises is 1000 SQ FT and 8 employees were sighted at the premises. Location was easy to find and locality seems to be industrial. Area seems to be upmarket. During the visit, our executive met with local people and they confirmed that the subject exists on the given address. Name board of the subject was sighted at the given address. |
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
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 31.01.2018.
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. Najeeb Sheikh |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9821173741 |
|
Date : |
30.01.2017 |
Mobile No.: 91-9324119005 [Incorrect Number]
LOCATIONS
|
Registered Office : |
Unit No.4, Ground Floor, Municipal Industrial
Estate, Bapti Road West, Near Navjivan Circle, Grant Road
(East), Mumbai - 400008, Maharashtra, India |
|
Tel. No.: |
91-22-67949900 |
|
Mobile No.: |
91- 9820039974 (Mr. M. Kagzi) 91- 9322246896 (Mr. Ahzaz Patel) 91-9821173741 (Mr. Najeeb Sheikh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
1000 Sq.Ft. [As per site visit] |
|
Location : |
Owned |
|
Locality : |
Commercial cum Industrial |
|
|
|
|
Corporate
Office: |
C-712, BSEL Tech Park, 7th Floor, Sector 30A, Vashi, Navi
Mumbai – 400075, Maharashtra, India |
PARTNERS
|
Name : |
Mr. Aneesahmed Kagzi |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Farkhanda Kagzi |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mrs. Fazila M.Y. Kagzi |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Najeeb sheikh |
|
Designation : |
Finance Manager |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Computer Peripherals and providing end to end
Information Technology Solutions. (Confirmed by Management) |
|
|
|
|
Brand Names/ Agencies Held : : |
|
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C, Advance Payment and Cheque |
|
|
|
|
Purchasing : |
Cash, L/C, Advance Payment and Cheque |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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Customers : |
Wholesalers, Retailers and End Users
|
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||||||||||||||||||||||
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No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Bhuta Shah and Company LLP Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
Membership No.: |
141428 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : [Confirmed by management] |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
|
Particulars |
|
Amount |
|
|
|
|
|
1 Partner’s capital account |
|
|
|
A Aneesahmed Kagzl |
|
|
|
Opening Balance as on 1 April 2016 |
|
13.722 |
|
Add: Capital Introduced |
|
1.800 |
|
Interest on Partner’s Capital |
|
1.433 |
|
Partner’s remuneration |
|
5.000 |
|
Shares in profit / (Loss) for the year |
|
0.968 |
|
|
|
22.923 |
|
Less : Withdrawals / Drawings |
|
(8.300) |
|
Closing Balance as on
31 March 2017 |
|
14.623 |
|
|
|
|
|
B Farkhanda Kagzi |
|
|
|
Opening
Balance as on 1 April 2016 |
|
6.057 |
|
Add: Capital Introduced |
|
0.000 |
|
Interest of Partner’s Capital |
|
0.727 |
|
Share in Profit/ (Loss) for the year |
|
0.484 |
|
|
|
7.268 |
|
Less : Withdrawals / Drawings |
|
(0.050) |
|
Closing Balance as on 31 March 2017 |
|
7.218 |
|
|
|
|
|
C. Fazila M.Y. Kagzi |
|
|
|
Opening Balance as on 1 April 2016 |
|
5.693 |
|
Add: Capital Introduced |
|
0.000 |
|
Interest of Partner’s Capital |
|
0.683 |
|
Share in Profit/ (Loss) for the year |
|
0.485 |
|
|
|
6.861 |
|
Less : Withdrawals / Drawings |
|
0.000 |
|
Closing Balance as on 31 March 2017 |
|
6.861 |
|
|
|
|
|
Total Partners Capital Account |
|
28.702 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
|
|
28.702 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
28.702 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
75.751 |
|
|
TOTAL
BORROWING |
|
|
75.751 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
104.453 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
8.998 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
72.616 |
|
|
Sundry Debtors |
|
|
153.803 |
|
|
Cash & Bank Balances |
|
|
39.359 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
18.885 |
|
Total Current Assets |
|
|
284.663 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
178.688 |
|
|
Other Current Liabilities and Provisions |
|
|
10.520 |
|
Total Current Liabilities |
|
|
189.208 |
|
|
Net Current
Assets |
|
|
95.455 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
104.453 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
490.758 |
|
|
Other Income |
|
|
57.913 |
|
|
TOTAL |
|
|
548.671 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
498.831 |
|
|
Purchases of
Stock-in-Trade |
|
|
0.000 |
|
|
Administrative expenses |
|
|
21.315 |
|
|
Selling and Distribution
Expenses |
|
|
5.288 |
|
|
Prior period items |
|
|
1.992 |
|
|
Interest on partners’
capital |
|
|
2.843 |
|
|
Remuneration to partners |
|
|
5.000 |
|
|
TOTAL |
|
|
535.269 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
13.402 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
8.267 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
5.135 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
1.049 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
4.086 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
2.150 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
|
1.936 |
|
Particulars |
|
31.03.2016 |
31.03.2015 |
|
Sales Turnover (Approximately) |
|
500.000 |
400.000 |
|
|
|
|
|
Expected Sales (2017-2018): INR 900.000 Million [Due to more orders]
The above information has been parted by Mr. Najeeb sheikh (Finance
Manager)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
|
|
114.39 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
|
3.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
|
130.75 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
|
0.18 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
|
1.49 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
|
0.90 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
|
2.64 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
|
9.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
|
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
|
1.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
|
|
0.39 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
|
0.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
|
6.75 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
|
1.07 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
|
0.80 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
|
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
|
2.64 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
|
1.07 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
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 |
|
Total Income |
400.000 (Approximately) |
500.000 (Approximately) |
548.671 |
|
|
|
25.000 |
9.734 |
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 |
Yes |
|
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) |
No |
|
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% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last one year |
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 |
|
OBSERVATION POINTS |
|
Name of Company : |
GENERAL TECHNOLOGIES |
|
|
|
|
Address : |
Unit No.4, Ground Floor, Municipal Industrial
Estate, Bapti Road West, Near Navjivan Circle, Grant Road
(East), Mumbai - 400008, Maharashtra, India |
|
|
|
|
Contact No.: |
91-22-67949900 |
|
|
|
|
Person to whom we met: |
Mr. Aamir (Designation Not Divulged) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Total Floors of the building: |
3 |
|
|
|
|
Subject situated on: |
Ground floor |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of premises : |
1000 sq. ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
8 |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Proof of visit: |
Photograph |
UNSECURED LOANS:
|
Particulars |
|
31.03.2017 INR In Million |
|
From Banks |
|
|
|
ICICI Bank Limited |
|
1.150 |
|
Indusind Bank Limited – Loan |
|
6.875 |
|
Indusind Bank Limited – Loan |
|
4.754 |
|
Kotak Mahindra Bank Limited |
|
3.400 |
|
Ratnakr Bank Limited |
|
1.148 |
|
Standard
Chartered Bank (Ingram) |
|
4.689 |
|
Standard
Chartered Bank (Redington) |
|
10.024 |
|
From Financial Institutions |
|
|
|
Aditya Birla
Finance Limited |
|
5.000 |
|
Bajaj Finserv
Limited – Loan |
|
0.569 |
|
Bajaj Finserv
Limited– Loan |
|
3.184 |
|
Capital First
Limited |
|
7.500 |
|
Edelweiss Retail
Finance Limited |
|
1.150 |
|
Magma Fincorp
Limited |
|
0.485 |
|
Tata Capital
Finance Limited |
|
3.378 |
|
X 10 Financial
Serices Limited |
|
20.000 |
|
Loan from others |
|
|
|
Fahim Kagzi |
|
0.074 |
|
Sattar Habib
Motorwala |
|
2.371 |
|
Total |
|
75.751 |
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 63.75 |
|
|
1 |
INR 78.75 |
|
Euro |
1 |
INR 89..39 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVT |
|
|
|
|
Analysis Done by
: |
VVK |
|
|
|
|
Report Prepared
by : |
GEET |
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 |
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.