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MIRA INFORM REPORT
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Report No. : |
490426 |
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Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
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Name : |
ANISHA MOTORS |
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Registered Office : |
Samota Tower (Ground Floor), 54, North Brook Hall
Road, Dhaka-1100 |
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Country : |
Bangladesh |
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Date of Incorporation : |
02.02.2016 |
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Legal Form : |
Sole Proprietorships |
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Line of Business : |
Suppliers, Wholesaler, Importer, Retailer and General Order of All Kinds of Tata, Leyland, Heavy Earthmovers Spares Parts. |
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No. of Employees : |
3 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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) |
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Bangladesh |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
BANGLADESH - ECONOMIC OVERVIEW
Bangladesh's economy has grown roughly 6% per year since 1996 despite prolonged periods of political instability, poor infrastructure, endemic corruption, insufficient power supplies, and slow implementation of economic reforms. Although more than half of GDP is generated through the services sector, almost half of Bangladeshis are employed in the agriculture sector, with rice as the single-most-important product.
Garment exports, the backbone of Bangladesh's industrial sector, accounted for more than 80% of total exports and surpassed $25 billion in 2016. The sector continues to grow, despite a series of high-profile factory accidents that have killed more than 1,000 workers and crippling strikes, including a nationwide transportation blockade orchestrated by the political opposition during the first several months of 2015. Steady export growth in the garment sector combined with remittances from overseas Bangladeshis - which totaled about $15 billion and 8% of GDP in 2015 - are key contributors to Bangladesh's sustained economic growth and rising foreign exchange reserves.
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Source
: CIA |
EXECUTIVE
SUMMARY
|
IDENTIFICATION DETAILS |
||
|
Correct company Name |
: |
Anisha
Motors |
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Head Office |
: |
Samota Tower (Ground Floor), 54, North Brook Hall
Road, Dhaka-1100, Bangladesh |
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Tel No |
: |
88-02-9574472,
01975121331, 01715121331 |
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Fax No |
: |
Nil |
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E-mail |
: |
armotors1970@gmail.com |
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Website |
: |
Nil |
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Date/ Year of Establishment |
: |
02.02.2016 |
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Trade
License No |
: |
01166971
(Issuing Date: 02.02.2016) |
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Legal Form (General) |
: |
Public Listed
Co Public (but not
listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please
specify) ________________ |
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Legal form (Specific) |
: |
LTD CORP INC CO
others (please
specify) ________________ |
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Issuing Authority |
: |
Registrar
of Joint Stock Companies & Firms
City Corporation Municipal
Administration Union Council Cantonment
Board
Chief Controller
of Import & Export |
Other
Registry & Certification Details
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Value Added Tax(VAT) No |
: |
21251055817/Area
code/210701 |
Date of
Registration |
: |
08.09.2016 |
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Issuing
Authority |
: |
National
Board of Revenue |
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FINANCIALS-
SUMMARY
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Year |
Turnover/ Sales |
Assets |
Income |
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30th June,
2017 |
BDT 25 Million |
BDT 5.50 Million |
BDT 0.45 Million |
FULLCHECK
REPORT DETAILS
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Information Parted By |
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Name |
: |
Mr. Monir
Hossain |
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Designation |
: |
Executive |
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Contract No |
: |
N/A |
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Locations Details |
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|
Business Address |
: |
Samota Tower (Ground Floor), 54, North Brook Hall
Road, Dhaka-1100, Bangladesh |
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Tel No |
: |
88-02-9574472,
01975121331, 01715121331 |
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Fax No |
: |
Nil |
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E-mail |
: |
armotors1970@gmail.com |
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Website |
: |
Nil |
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Location
: |
: Owned |
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Rented |
Ö |
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Leased |
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Area |
350 |
Sq. ft. |
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Type
of Office |
: Commercial Office Bldg. |
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Semi-commercial Area. |
Ö |
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Retail shop |
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Industrial Park |
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Business Center |
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Home Office |
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Residential Bldg. |
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Warehouse: |
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Address |
: |
Samota Tower
(Ground Floor), 54, North Brook Hall Road, Dhaka-1100, Bangladesh |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Owned |
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Rented |
Ö |
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Leased |
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Area |
800 |
Sq. ft. |
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Registered Address: |
||
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Address |
: |
23, North
Brook Hall Road, Dhaka-1100, Bangladesh |
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Tel No |
: |
Nil |
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Fax No |
: |
Nil |
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Employee: |
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No.
of Employees |
In Office |
: |
2 |
Warehouse |
: |
1 |
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In Branch |
: |
N/A |
Total
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: |
3 |
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Details: |
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PROPRIETOR
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Names
of Proprietor |
: |
Mr. Mahabubur Rahman (Arman) |
MANAGEMENT
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Name |
: |
Mr. Mahabubur
Rahman (Arman) |
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Job Description |
: |
Proprietor |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
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Name |
: |
Mr. Monir
Hossain |
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Job Description |
: |
Executive |
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Nationality |
: |
Bangladeshi |
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Email address |
: |
N/A |
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Other details |
: |
N/A |
BUSINESS
OPERATIONS
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Nature
of Activity : |
Manufacturer |
Trader |
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Suppliers |
Ö |
Wholesaler |
Ö |
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Exporter |
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Importer |
Ö |
Retailer |
Ö |
General Order |
Ö |
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Item
Dealings In: |
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Products |
: |
All Kinds of Tata, Leyland,
Heavy Earthmovers Spares Parts. |
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Import
Products |
: |
N/A |
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Export
products |
: |
N/A |
Trading
Terms:
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Purchasing
Terms: |
L/C |
Ö |
Cash |
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Others |
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|||
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Credit : |
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30 days |
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60 days |
Ö |
90 days |
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days |
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Selling
Terms : |
L/C |
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Cash |
Ö |
Others |
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|||
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Credit : |
Ö |
30 days |
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60 days |
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90 days |
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|
days |
DETAILED
DATA
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Trade Reference & Related Parties |
: |
Overseas Clients |
: |
N/A |
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Local Clients |
: |
N/A |
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Overseas Suppliers |
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N/A |
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Local Suppliers |
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N/A |
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Trade Markets |
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Exports |
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N/A |
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Imports |
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India, China |
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Brand Name |
: |
N/A |
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Certified |
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N/A |
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Auditors |
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N/A |
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Operation Status |
: |
Active |
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CAPITAL
STRUCTURE
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Capital Invested |
: |
BDT
5 Million |
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Assets |
: |
BDT
5.50 Million |
ASSOCIARES/SUBSIDIARIES/
RELATED PARTIES
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Name of The Group |
: |
Nil |
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Name of Mother Company |
: |
Nil |
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Subsidiary |
: |
Nil |
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Sister Concerns |
: |
A. R Motors ANHA Enterprise |
BANKING
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Bank Name |
: |
Bangladesh
Commerce Bank Ltd. |
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Bank Address |
: |
Banglabazar
Branch, 52, North Brook
Hall Road, Banglabazar, Dhaka-1100, Bangladesh Tel:
88-02-7122227, 09613221301 Fax:
88-02-7121878 |
ADVERSE
DATA MONITORING
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Dishonored
Checks |
: |
No Record
Found |
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Debt |
: |
No Record
Found |
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Litigation |
: |
Clear |
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Performance
Defaults |
: |
No Record
Found |
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Adverse
Local Media Coverage/ Adverse Filling History |
: |
No Record
Found |
SITE
VISIT COMMENTARY
|
Our representative visited the subject company
Head Office which is situated at Samota Tower (Ground Floor), 54, North Brook
Hall Road, Dhaka-1100, Bangladesh. It’s situated at a Semi-commercial Area. |
GENERAL
COMMENTS
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Subject is mainly engaged in Importer,
Wholesaler, Retailer & General Order Suppliers. The subject company
maintains acceptable business volume. Based on the financial statements, SC’s
financial performance appears to be Below Average. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
INR 64.14 |
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|
1 |
INR 89.50 |
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Euro |
1 |
INR 79.43 |
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BDT |
1 |
INR 0.77 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VIV |
|
|
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.