|
|
|
MIRA INFORM REPORT
|
Report No. : |
489576 |
|
Report Date : |
02.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUVIDYA BOX MANUFACTURING COMPANY PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Plot No. SC-1/33, Verna Industrial Estate, Verna – 403722, Goa |
|
Tel. No.: |
91-832-2783650 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
21.02.2014 |
|
|
|
|
Com. Reg. No.: |
24-007431 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 5.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21020GA2014PTC007431 |
|
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|
|
IEC No.: |
1715900201 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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GSTIN : |
30AAUCS3152Q1ZT |
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PAN No.: [Permanent Account No.] |
AAUCS3152Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Trading of Corrugated box etc. (Registered activity and also Confirmed by management) |
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|
|
|
No. of Employees
: |
39 (Approximately) (In Office – 04 / In Factory - 35) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Suvidya Box Manufacturing Company Private Limited is a manufacturer of
corrugated boxes. The company was incorporated in the year 2014 and is based
in Goa, India. It is having moderate track record. For the financial year 2017, the company has witnessed a growth in its
revenue but reported low profit margin at 0.26% (approx.). Rating also remains constrained on account of accumulated losses
registered by the company, small scale of business operation and unfavourable
gap between trade payables to its trade receivables. However, trade relations are reported as fair. Business is active.
Payment terms are seems to be slow but correct. The company can be considered for business dealings with some caution.
|
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 |
|
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
31-03-2016.
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 02.02.2018
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. Sachin Ramesh Keni |
|
Designation : |
Director |
|
Contact No.: |
91-9823179750 |
|
Date : |
02.02.2018 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. SC-1/33, Verna Industrial Estate, Verna – 403722, Goa, India |
|
Tel. No.: |
91-832-2783650 |
|
Mobile No.: |
91-9823179750 (Mr. Sachin Ramesh Keni) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
18200 sq. ft. |
|
Location : |
Leased |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Sachin Ramesh Keni |
|
Designation : |
Director |
|
Address : |
Bunglow No. 56 Sairaj Park, Shantinagar Ponda – 403401, Goa, India |
|
Date of Birth/Age : |
13.04.1968 |
|
Qualification : |
Production Engg. |
|
Experience : |
22 Years |
|
Date of Appointment : |
21.02.2014 |
|
DIN No.: |
06794194 |
|
|
|
|
Name : |
Mrs. Vidya Ramesh Keni |
|
Designation : |
Director |
|
Address : |
629 Thana, Mormugao, Cortalim - 403710, Goa, India |
|
Date of Birth/Age : |
03.05.1942 |
|
Qualification : |
B.Com |
|
Experience : |
36 Years |
|
Date of Appointment : |
21.02.2014 |
|
DIN No.: |
06794200 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Vidya Ramesh Keni |
25500 |
50.00 |
|
Sachin Ramesh Keni |
25500 |
50.00 |
|
Total |
51000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Corrugated box etc. (Registered activity and also Confirmed by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Kraft Paper / Duplex Board |
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Countries : |
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Terms : |
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Selling : |
Credit (30 / 60 / 90 Days) |
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Purchasing : |
Credit (180 Days) |
PRODUCTION STATUS 31.03.2017
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Corrugated Boxes |
-- |
600 M.T. / MONTH |
360 M.T. / MONTH |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
39 (Approximately) (In Office – 04 / In Factory - 35) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Nagesh Devidas Hegde and Associates Chartered Accountants |
|
Address : |
9, 2nd Floor, Durga Apartments, Margao – 403601, Goa, India |
|
Tel. No.: |
91-832-2736417 |
|
Memberships No.: |
041345 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHPH9358M |
|
|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51000 |
Equity Shares |
INR 100/- each |
INR 5.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51000 |
Equity Shares |
INR 100/- each |
INR 5.100 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 |
5.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
(0.926) |
(0.983) |
(0.034) |
|
(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) |
4.174 |
(0.883) |
0.066 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.559 |
24.957 |
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) |
15.559 |
24.957 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
13.101 |
3.874 |
0.000 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.323 |
0.224 |
0.000 |
|
Total
Current Liabilities (4) |
13.424 |
4.098 |
0.000 |
|
|
|
|
|
|
TOTAL |
33.157 |
28.172 |
0.066 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.617 |
12.867 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(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 |
11.617 |
12.867 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
16.002 |
12.252 |
0.000 |
|
(c) Trade receivables |
2.430 |
1.572 |
0.000 |
|
(d) Cash and cash equivalents |
2.008 |
0.479 |
0.066 |
|
(e) Short-term loans and
advances |
1.100 |
1.002 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
21.540 |
15.305 |
0.066 |
|
|
|
|
|
|
TOTAL |
33.157 |
28.172 |
0.066 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
22.044 |
10.839 |
0.000 |
|
|
Other Income |
0.088 |
0.052 |
0.000 |
|
|
TOTAL
|
22.132 |
10.891 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
12.099 |
7.258 |
0.000 |
|
|
Employees benefits expense |
1.961 |
0.817 |
0.000 |
|
|
Other expenses |
4.707 |
2.048 |
0.034 |
|
|
TOTAL |
18.767 |
10.123 |
0.034 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3.365 |
0.768 |
(0.034) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.373 |
0.714 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.992 |
0.054 |
(0.034) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.934 |
1.004 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.058 |
(0.950) |
(0.034) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.058 |
(0.950) |
(0.034) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.01 |
(9.50) |
(0.34) |
Expected Sales (2017-2018) : INR 32.500 Million
The above information has been parted by Mr. Sachin Ramesh Keni
(Director)
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 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
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) |
40.24 |
52.94 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.07 |
6.90 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
395.23 |
194.82 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.21 |
0.06 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.29 |
0.06 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.87 |
1.03 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
3.73 |
(28.26) |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.22 |
(4.64) |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
2.78 |
(14.57) |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.45 |
1.08 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.26 |
(8.76) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.17 |
(3.37) |
(51.52) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
1.39 |
107.59 |
(51.52) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.60 |
3.73 |
0.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.41 |
0.74 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.13 |
(0.03) |
1.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.05 |
249.57 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.60 |
3.73 |
0.00 |
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 |
0.100 |
5.100 |
|
Reserves & Surplus |
(0.034) |
(0.983) |
(0.926) |
|
Net
worth |
0.066 |
(0.883) |
4.174 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
24.957 |
15.559 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
24.957 |
15.559 |
|
Debt/Equity
ratio |
0.000 |
(28.264) |
3.728 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
10.839 |
22.044 |
|
|
|
103.377 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales
|
10.839 |
22.044 |
|
Profit |
(0.950) |
0.058 |
|
|
(8.76%) |
0.26% |
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 |
-- |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF BUSINESS OPERATIONS
AND FUTURE PROSPECTS
The Company continues to carry on the business within the scope of its Main Objects. There was no diversification of business during the Financial Year ended 31.03.2017. Currently, the Board does not intend to venture into any new segment of business.
During the period the Company was able to achieve an turnover of INR 22.044 Million and earned net profit of INR 0.058 Million during the financial year ended 31.03.2017 as compared to previous year has incurred losses of INR 0.950 Million during the financial year ended 31.03.2016.
Steps are being taken to increase the performance of the Company during the current Financial Year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Term Loan from
Banks: |
|
|
|
Axis Bank |
2.193 |
1.996 |
|
Loans and
Advances from related parties: |
|
|
|
From Directors |
3.782 |
13.370 |
|
Total |
5.975 |
15.366 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G37582053 |
10590544 |
AXIS BANK LIMITED |
17/07/2015 |
03/09/2016 |
- |
16986250.0 |
SIDDHARTH BANDODKAR BHAVAN, PANAJI – 403001, GOA, INDIA |
FIXED ASSETS
- Air Conditioner
- Refrigerator
- Water Purifier
- CCTV
- Auto Stacker Machine
- Electrical Equipment
- Generator
- Computer
- Furniture and Fixture
- Office Equipment
- Factory Building
- Telephone Instruments
- Invertor
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 63.61 |
|
|
1 |
INR 90.17 |
|
Euro |
1 |
INR 78.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
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.