|
|
|
MIRA INFORM REPORT
|
Report No. : |
490536 |
|
Report Date : |
08.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
BEEJAY INVESTMENT AND FINANCIAL CONSULTANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13, Bipin Behari Ganguly Street, 2nd Floor, Room - 205, Kolkata -
700012, West Bengal |
|
Tel. No.: |
91-33-22255077 |
|
|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.07.1987 |
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|
|
|
Com. Reg. No.: |
21-042683 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.920 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65993WB1987PTC042683 |
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|
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|
IEC No.: |
Not Divulged |
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|
TIN No.: |
Not Divulged |
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GST No.: |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCB0832B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· Providing Financial and Related Services. [Registered Activity] · Subject is engaged in the business of Investment in shares, securities of any description, financiers, money lenders but not amounting to banking business or as dealers in shares and/or securities of any description. [As per Memorandum of Association] |
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|
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No. of Employees
: |
Not Divulged |
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 58000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1987 having
satisfactory track records. For the financial year ended 2017, the company has witnessed a healthy
growth in its revenue and has achieved profit margin at 0.86% (approx.). The company possesses an acceptable financial profile marked by sound
net worth base along with decent revenue profile and company’s long standing
track record of business operation. However, the rating strength is partially offset by low profit margin
of the company. Trade relations are reported as fair. Business is active. Payment terms
are seems to slow but correct. In view of aforesaid, the company 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 (30.06.2017) |
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 08.02.2018.
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 DECLINED BY
|
Name : |
Mr. Sudhir Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9830378459 |
|
Date : |
07.02.2018 |
MANAGEMENT NON-COOPERATIVE [TEL. NO.: 91-33-22255077]
LOCATIONS
|
Registered Office : |
13, Bipin Behari Ganguly Street, 2nd Floor, Room - 205, Kolkata -
700012, West Bengal, India |
|
Tel. No.: |
91-33-22255077 |
|
Mobile No.: |
91-9830378459 [Mr. Sudhir Jain] |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sudhir Jain |
||||||||||||
|
Designation : |
Director |
||||||||||||
|
Address : |
13, Bipin Bihari Ganguly Street 2nd Floor, Room No.205, Kolkata - 700012, West Bengal, India |
||||||||||||
|
Date of Appointment : |
31.07.2003 |
||||||||||||
|
DIN No.: |
00480766 |
||||||||||||
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Other Directorship :
|
|||||||||||||
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|
||||||||||||
|
Name : |
Mr. Hemant Jain |
||||||||||||
|
Designation : |
Director |
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|
Address : |
14, Watkins Lane, Gokul Apartment, Block - B, 3rd Floor, Howrah 711101, West Bengal, India |
||||||||||||
|
Date of Appointment : |
03.03.2014 |
||||||||||||
|
DIN No.: |
03580907 |
||||||||||||
|
Other Directorship :
|
|||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Sudhir Jain |
157600 |
19.90 |
|
Gokul Commercial Private Limited, India |
369600 |
46.67 |
|
Beejay Investment, India |
264800 |
33.43 |
|
|
|
|
|
Total |
792000 |
100.00 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/Hindu Undivided Family - Indian) |
19.90 |
|
Promoters (Body corporate) |
46.67 |
|
Promoters (Others - Firm) |
33.43 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Providing Financial and Related Services. [Registered Activity] · Subject is engaged in the business of Investment in shares, securities of any description, financiers, money lenders but not amounting to banking business or as dealers in shares and/or securities of any description. [As per Memorandum of Association] |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
MKK Agarwal and Associates Chartered Accountants |
|
Address : |
82, Bee Hive Garden, Shristi Appartment, Kolkata - 700056, West
Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
APUPA4738C |
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|
Memberships : |
Not Available |
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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 |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
792000 |
Equity Shares |
INR 10/- each |
INR 7.920 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 |
7.920 |
7.920 |
7.920 |
|
(b) Reserves & Surplus |
12.466 |
7.982 |
5.250 |
|
(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) |
20.386 |
15.902 |
13.170 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.523 |
|
(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 |
0.523 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
213.202 |
118.237 |
145.902 |
|
(b)
Trade payables |
4.428 |
18.010 |
230.921 |
|
(c)
Other current liabilities |
104.492 |
303.950 |
391.078 |
|
(d)
Short-term provisions |
1.243 |
1.345 |
1.371 |
|
Total
Current Liabilities (4) |
323.365 |
441.542 |
769.272 |
|
|
|
|
|
|
TOTAL |
343.751 |
457.444 |
782.965 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1.672 |
2.025 |
2.563 |
|
(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 |
0.317 |
0.317 |
0.317 |
|
(c) Deferred tax assets
(net) |
0.261 |
0.239 |
0.174 |
|
(d) Long-term Loan
and Advances |
0.001 |
0.001 |
0.001 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2.251 |
2.582 |
3.055 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
43.323 |
122.631 |
436.657 |
|
(c)
Trade receivables |
0.595 |
0.594 |
0.589 |
|
(d)
Cash and cash equivalents |
6.526 |
1.509 |
1.304 |
|
(e)
Short-term loans and advances |
291.056 |
330.128 |
341.360 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
341.500 |
454.862 |
779.910 |
|
|
|
|
|
|
TOTAL |
343.751 |
457.444 |
782.965 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
521.065 |
2089.283 |
1029.090 |
|
|
|
Other Income |
0.366 |
2.471 |
0.138 |
|
|
|
TOTAL |
521.431 |
2091.754 |
1029.228 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
370.574 |
1768.205 |
1411.302 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
79.308 |
314.026 |
(411.675) |
|
|
|
Employees benefits expense |
0.168 |
0.190 |
0.291 |
|
|
|
Other expenses |
1.600 |
3.950 |
6.692 |
|
|
|
TOTAL |
451.650 |
2086.371 |
1006.610 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
69.781 |
5.383 |
22.618 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
64.967 |
2.194 |
20.282 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.814 |
3.189 |
2.336 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.353 |
0.522 |
0.749 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.461 |
2.667 |
1.587 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.023) |
(0.064) |
0.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.484 |
2.731 |
1.350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
5.66 |
3.45 |
1.70 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Portion
of Long Term secured loan |
|
|
|
|
Car loan from HDFC Bank |
0.000 |
0.523 |
0.721 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
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) |
0.42 |
0.10 |
0.21 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
875.74 |
3517.31 |
1747.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
4.36 |
3.72 |
59.72 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
1.61 |
0.04 |
0.05 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
41.74 |
2.66 |
8.82 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.94 |
0.97 |
0.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
10.46 |
7.47 |
11.17 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
15.86 |
27.77 |
58.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.08 |
0.13 |
0.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.07 |
2.45 |
1.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.86 |
0.13 |
0.13 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.30 |
0.60 |
0.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
22.00 |
17.17 |
10.25 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.06 |
1.03 |
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.92 |
0.75 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.06 |
0.03 |
0.02 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
26.92 |
14.99 |
18.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.06 |
1.03 |
1.01 |
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 |
7.920 |
7.920 |
7.920 |
|
Reserves & Surplus |
5.250 |
7.982 |
12.466 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
13.170 |
15.902 |
20.386 |
|
|
|
|
|
|
long-term borrowings |
0.523 |
0.000 |
0.000 |
|
Short term borrowings |
145.902 |
118.237 |
213.202 |
|
Current Portion of Long Term secured loan |
0.721 |
0.523 |
0.000 |
|
Total
borrowings |
147.146 |
118.760 |
213.202 |
|
Debt/Equity
ratio |
11.173 |
7.468 |
10.458 |
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 |
1029.090 |
2089.283 |
521.065 |
|
|
|
103.022 |
(75.060) |
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 |
1029.090 |
2089.283 |
521.065 |
|
Profit |
1.350 |
2.731 |
4.484 |
|
|
0.13% |
0.13% |
0.86% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
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 |
No |
|
17 |
Details of sister concerns |
No |
|
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
UNSECURED LOANS
|
PARTICULARS |
31.03.2016 (INR
In Million) |
31.03.2015 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Ropable on demand - from others |
206.375 |
34.766 |
|
|
|
|
|
Total |
206.375 |
34.766 |
REVIEW OF BUSINESS OPERATIONS AND FUTURE
PROSPECTS:
The Directors are optimistic about company's business and hopeful of better performance with increased revenue in next year. There was no change in the nature of business of company.
FIXED ASSETS:
· Computer
· Motor Car
· Office
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 64.14 |
|
UK Pound |
1 |
INR 89.50 |
|
Euro |
1 |
INR 79.43 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
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.