MIPL-Logo

3decades

 

MIRA INFORM REPORT

 

 

Report No. :

490715

Report Date :

09.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

CANDOR INDIA OFFICE PARKS PRIVATE LIMITED (w.e.f. 22.09.2017)

 

 

Formerly Known As :

BROOKFIELD INDIA OFFICE PARKS PRIVATE LIMITED (w.e.f. 17.08.2015)

 

CANDOR OFFICE PARKS PRIVATE LIMITED

 

 

Registered Office :

1102, 11th Floor, Tower B, Peninsula Business Park, S. B. Road, Lower Parel, Mumbai – 400013, Maharashtra

Tel. No.:

91-22-66000450

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

21.10.2014

 

 

Com. Reg. No.:

11-258820

 

 

Capital Investment / Paid-up Capital :

INR 0.100 Million

 

 

CIN No.:

[Company Identification No.]

U45209MH2014PTC258820

 

 

IEC No.:

Not Applicable (As informed by the management that firm does not have export and import)

 

 

GSTIN:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAFCC8224J

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing management related service including facilities management service and property management services. (Registered Activity)

 

 

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 730000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2014. The company is engaged in providing management related services including facilities management services and property management services.

 

As per the financial records of 2017, the company has achieved favourable growth of 31.84% in its revenue as compared to the previous year’s revenue and has earned satisfactory profitability margin of 31.85%.

 

The company possesses healthy financial position marked by above average networth base along with debt free balance sheet profile and comfortable liquidity parameter.

 

Rating takes into consideration the company’s good earnings per share (EPS) of INR 14202 as against its face value (FV) of INR 10.

 

Business is active. Payment seems to be regular.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

 

 

 

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

 

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 09.02.2018

 

 

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 DENIED BY

 

Name :

Mr. Ramesh Kakkar

Designation :

Not Divulged

Contact No.:

91- 98100 27609

Date :

08.02.2018

 

Management non-cooperative (Tel No.: 91-124-3821400)

 

 

LOCATIONS

 

Registered Office :

1102, 11th Floor, Tower B, Peninsula Business Park, S. B. Road, Lower Parel, Mumbai – 400013, Maharashtra, India

Tel. No.:

91-22-66000450

Fax No.:

Not Available

E-Mail :

candorlegal@brookfield.com

 

 

Site Office :

Candor Techspace IT/ITES SEZ, 1st Floor, Amenity Block, Tikri, Sector-48 Gurugram-122018, Haryana, India

Tel. No.:

91-124-3821400

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Sridhar Rengan

Designation :

Director

Address :

Flat 1104, 11th Floor, Kritika Annexe, Chembur, Mumbai-400071, Maharashtra, India

Date of Birth/Age :

02.04.1960

Date of Appointment :

12.09.2016

DIN No:

03139082

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U65999MH2016FTC285080

TRICAP INDIA CAPITAL PRIVATE LIMITED

23/08/2016

-

U74999MH2017PTC292512

KAIROS PROPERTY MANAGERS PRIVATE LIMITED

17/03/2017

-

U74999MH2017FTC303003

BIP INDIA INFRA PROJECTS MANAGEMENT SERVICES PRIVATE LIMITED

18/12/2017

-

U70102KA2006PTC040808

ESPLANADE DEVELOPERS PRIVATE LIMITED

29/09/2017

-

U45209MH2014PTC258819

CANDOR PROJECT MANAGERS PRIVATE LIMITED

19/09/2016

-

U74120MH2011PTC224370

PENBROOK CAPITAL ADVISORS PRIVATE LIMITED

29/09/2016

-

U67190MH2011PTC224167

PENINSULA BROOKFIELD TRUSTEE PRIVATE LIMITED

29/09/2016

-

U45400MH2010PTC207582

RA REALTY VENTURES PRIVATE LIMITED

30/12/2011

-

U67100MH2009FTC192465

BROOKFIELD ADVISORS INDIA PRIVATE LIMITED

29/09/2017

-

U70109MH2007PTC167084

PENINSULA LAND DEVELOPMENT PRIVATE LIMITED

28/09/2012

-

U70200MH2007PTC167081

PENINSULA REAL ESTATE MANAGEMENT PRIVATE LIMITED

21/09/2015

-

U72200KA2006PTC039056

KANAI TECHNOLOGY PARKS PRIVATE LIMITED

13/05/2016

-

U70101MH2005PTC281235

SHANTINIKETAN PROPERTIES PRIVATE LIMITED

12/05/2015

-

 

 

Name :

Mr. Karthik Subramani

Designation :

Director

Address :

13/144, Endeavour Building, Indulal Bhuva Marg, Wadala (West), Mumbai-400031, Maharashtra, India

Date of Birth/Age :

27.04.1983

Date of Appointment :

15.12.2015

DIN No:

06995821

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U00500MH2005PTC281177

CANDOR GURGAON ONE REALTY PROJECTS PRIVATE LIMITED

12/03/2015

-

U74899MH2005PTC281224

CANDOR KOLKATA ONE HI-TECH STRUCTURES PRIVATE LIMITED

12/03/2015

-

U70101MH2005PTC281178

SEAVIEW DEVELOPERS PRIVATE LIMITED

12/03/2015

-

 

 

MAJOR SHAREHOLDERS

 

As on 31.03.2017

 

Names of Shareholders

 

No. of Shares

BSREP Moon C 1 L.P., Islands

 

9999

Anuj Ranjan

 

01

Total

 

10000

 

Equity Share Break up (Percentage of Total Equity)

 

As on: 30.09.2017

 

Category

Percentage

Promoters (Foreign national (other than NRI))

0.01

Promoters (Body corporate)

99.99

Total 

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Providing management related service including facilities management service and property management services. (Registered Activity)

 

 

Products / Services :

Item Code No.

Products/Services Description

6820

 

Overall management and co-ordination of transition, supervision of operations and maintenance services of the various real estate projects.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker Name :

Not Divulged

Branch :

Not Divulged

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

7th Floor, Building 10, Tower B, DLF Cyber City Complex, DLF City Phase- II, Gurugram – 122002, Haryana, India

Tel. No.:

91-124-6792000

Fax No.:

91-124-6792012

Income-tax PAN of auditor or auditor's firm :

AABFD2095B

Membership No :

110815

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company:

BSREP Moon C 1 L.P., Islands

 

 

Subsidiaries:

  • Brookfield Advisors India Private Limited
  • Candor Project managers private Limited
  • Candor Gurgaon One Realty Projects private Limited (Formerly Unitech Realty Projects Private Limited)
  • Candor Gurgaon Two Developers and Projects private Limited (Formerly Unitech Developer and Projects Private Limited)
  • Seaview Developers Private Limited (Formerly Seaview Developers Limited)
  • Shantiniketan Properties Private Limited (Formerly  Shantiniketan Properties Limited)
  • Candor Kolkata One Hi-Tech Structures Private Limited (Formerly Unitech One Hi-Tech Structures Private Limited)

 

 

CAPITAL STRUCTURE

 

As on: 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

INR 10/- each

INR 0.100 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Shares

INR 10/- each

INR 0.100 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are 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

0.100

0.100

0.100

(b) Reserves & Surplus

255.616

113.593

(14.253)

(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)

255.716

113.693

(14.153)

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

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

5.501

2.595

0.000

Total Non-current Liabilities (3)

5.501

2.595

0.000

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

21.809

12.606

0.251

(c) Other current liabilities

45.573

35.298

29.540

(d) Short-term provisions

5.019

4.445

0.000

Total Current Liabilities (4)

72.401

52.349

29.791

 

 

 

 

TOTAL

333.618

168.637

15.638

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1.874

3.419

0.415

(ii) Intangible Assets

1.069

1.374

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)

7.040

4.476

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

9.983

9.269

0.415

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

292.505

131.852

0.000

(d) Cash and cash equivalents

27.519

25.267

0.053

(e) Short-term loans and advances

3.611

2.249

15.170

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

323.635

159.368

15.223

 

 

 

 

TOTAL

333.618

168.637

15.638

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

445.839

338.160

0.000

 

Other Income

0.370

1.336

0.000

 

TOTAL

446.209

339.496

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Employees benefits expense

197.810

117.858

 0.000

 

Other expenses

22.475

23.885

14.208

 

TOTAL

220.285

141.743

14.208

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

225.924

197.753

(14.208)

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.310

0.487

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

225.614

197.266

(14.208)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.045

1.452

0.045

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

223.569

195.814

(14.253)

 

 

 

 

 

Less

TAX

81.547

67.968

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

142.022

127.846

(14.253)

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

14202.20

12784.60

(1425.30)

 

 

 

 

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

86.168

100.118

0.412

Net cash flows from (used in) operations

NA

NA

NA

Net cash flows from (used in) operating activity

2.387

31.532

0.412

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

239.47

142.32

0.00

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

1.52

2.56

0.00

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

0.00

0.00

0.00

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.00

0.00

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

76.77

41.26

(34.24)

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.22

0.31

1.91

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.28

0.46

(2.10)

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.01

0.04

(0.03)

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

728.79

406.06

0.00

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

31.85

37.81

0.00

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

42.57

75.81

(91.14)

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

55.54

112.45

100.71

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

4.47

3.04

0.51

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

4.47

3.04

0.51

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.77

0.67

(0.91)

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

4.47

3.04

0.51

 

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

0.100

0.100

0.100

Reserves & Surplus

(14.253)

113.593

255.616

Net worth

(14.153)

113.693

255.716

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

 

 

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

0.000

338.160

445.839

 

 

0.000

31.843

 

 

 

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

0.000

338.160

445.839

Profit/ (Loss)

(14.253)

127.846

142.022

 

0.00

37.81%

31.85%

 

 

 

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

No

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)

No

16

No. of employees

No

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

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

 

 

 

 

BACKGROUND

 

The Company is a wholly owned subsidiary of BSREP Moon C 1 L.P., Cayman, Islands.it was incorporated on 21 October, 2014. The Company is in the business of providing management related service including facilities management service and property management services.

 

 

THE STATE OF THE COMPANY’S AFFAIRS AND OUTLOOK

 

The concerted efforts of management led to improvement in performance of the company. Duirng the financial year ended march 31, 2017, the Company earned profit of INR 142.022 million as compared to profit of INR 127.846 million earned during the financial year ended March 31, 2016.

 

 

INDEX OF CHARGES: NO CHARGES EXISTS FOR COMPANY

 

 

FIXED ASSETS

  • Office Equipment
  • Furniture and Fixture
  • Computer Accessories

 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 64.16

UK Pound

1

INR 89.19

Euro

1

INR 78.75

 

 

INFORMATION DETAILS

 

Information Gathered by :

SWT

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

MTN

 

 

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)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.