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|
MIRA INFORM REPORT
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Report No. : |
491328 |
|
Report Date : |
10.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PICASSO CERAMICS AND COLOURS PRIVATE LIMITED |
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Registered
Office : |
401, VIP Plaza, 0/7, Veera Industrial Estate, Off Andheri Malad Link Road, Near Infinity Mall Lokhandawala, Andheri (West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-26747801 / 02 / 06 / 07 /11 / 12 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
17.07.1992 |
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Com. Reg. No.: |
11-067765 |
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Capital
Investment / Paid-up Capital : |
INR 0.300 Million |
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CIN No.: [Company Identification
No.] |
U26939MH1992PTC067765 |
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IEC No.: |
0392046636 |
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GSTIN: |
27AACCP1564D1ZO |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCP1564D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
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No. of Employees
: |
25 (Approximately) |
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 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1992 and it is a dealer of ceramic colours and products. As per financials of March 2017, the company has registered decent growth in its revenue but has reported losses from its operations. Rating takes into consideration the company’s modest scale of business operations marked by small net worth base along with below average liquidity position and unfavourable gap between its trade payables to its trade receivables. Payments seem to be slow but correct. In view of aforesaid, 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 10.02.2018
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 (GENERAL DETAILS)
|
Name : |
Ms. Sharmila |
|
Designation : |
Accountant |
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Contact No.: |
91-22-26747812 |
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Date : |
09.02.2018 |
LOCATIONS
|
Registered Office / Corporate Office : |
401, VIP Plaza, 0/7, Veera Industrial Estate, Off Andheri Malad Link Road, Near Infinity Mall Lokhandawala, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26747801 / 02 / 06 / 07 /11 / 12 |
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Fax No.: |
91-22-26747800 / 05 / 10 |
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E-Mail : |
|
|
Location: |
Owned |
DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Pallavi Shishir Betharia |
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Designation : |
Director |
|
Address : |
401, Shiv-Shankar Building , Plot No. 29, Jvpd, Nutan Laxmi Co-Operative Housing Society, 10th N.S. Road, Mumbai- 400049, Maharashtra, India |
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Date of Appointment : |
17.07.1992 |
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DIN No.: |
00094651 |
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|
|
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Name : |
Mr. Shishir Shyamlal Betharia |
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Designation : |
Director |
|
Address : |
401, Shiv-Shankar Building, Plot No.29, Nutan Laxmi Co-Operative Housing Society, 10th N.S. Road, JVPD, Vile-Parle (West), Mumbai - 400049, Maharashtra, India |
|
Date of Appointment : |
17.07.1992 |
|
DIN No.: |
00289062 |
KEY EXECUTIVES
|
Name : |
Ms. Sharmila |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 28.09.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pallavi Shishir Betharia |
1050 |
35.00 |
|
Kshitij Shishir Betharia |
600 |
20.00 |
|
Shishir Shyamlal Betharia |
450 |
15.00 |
|
Shishir Betharia HUF |
300 |
10.00 |
|
Rashmi Verma |
300 |
10.00 |
|
Amita Shishir Betharia |
300 |
10.00 |
|
Total |
3000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Ceramic
Colours |
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Countries : |
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Terms : |
|||||
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Selling : |
Advance Payment, Cheque and Others (RTGS) |
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Purchasing : |
Advance Payment, Cheque and Others (RTGS) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users,
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
CVK and Associates Chartered Accountants |
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Address : |
2, Samarth Apartments, D.S. Babrekar Road, Dadar (West), Mumbai –
400028, Maharashtra, India |
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Tel. No.: |
91-22-24468717, 24451488 |
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Fax No.: |
91-22-24466139 |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFC3657K |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise over which key managerial personnel are able to exercise
significant influence : |
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Other related party: |
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CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 100/- each |
INR 1.000 Million |
|
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000 |
Equity Shares |
INR 100/- each |
INR 0.300 Million |
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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 |
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|
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|
(a) Share Capital |
0.300 |
0.300 |
0.300 |
|
(b) Reserves & Surplus |
1.796 |
1.838 |
1.690 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
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|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2.096 |
2.138 |
1.990 |
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|
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(3)
Non-Current Liabilities |
|
|
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|
(a) long-term borrowings |
71.481 |
59.826 |
56.100 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.690 |
0.690 |
0.000 |
|
(d) long-term
provisions |
0.399 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
72.570 |
60.516 |
56.100 |
|
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(4)
Current Liabilities |
|
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|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
14.525 |
8.897 |
9.627 |
|
(c) Other
current liabilities |
1.481 |
2.510 |
0.772 |
|
(d) Short-term
provisions |
0.410 |
0.395 |
0.228 |
|
Total Current
Liabilities (4) |
16.416 |
11.802 |
10.627 |
|
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|
|
|
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TOTAL |
91.082 |
74.456 |
68.717 |
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II.
ASSETS |
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(1)
Non-current assets |
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|
(a) Fixed
Assets |
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|
(i)
Tangible assets |
0.335 |
0.327 |
0.214 |
|
(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) |
0.265 |
0.121 |
0.109 |
|
(d) Long-term Loan and Advances |
0.507 |
0.325 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1.107 |
0.773 |
0.323 |
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
74.588 |
59.156 |
58.095 |
|
(c) Trade
receivables |
12.672 |
9.841 |
8.020 |
|
(d) Cash
and cash equivalents |
2.277 |
3.821 |
1.249 |
|
(e)
Short-term loans and advances |
0.428 |
0.855 |
0.739 |
|
(f) Other
current assets |
0.010 |
0.010 |
0.291 |
|
Total
Current Assets |
89.975 |
73.683 |
68.394 |
|
|
|
|
|
|
TOTAL |
91.082 |
74.456 |
68.717 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
47.156 |
40.992 |
31.793 |
|
|
Other Income |
2.189 |
1.414 |
2.410 |
|
|
TOTAL |
49.345 |
42.406 |
34.203 |
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
42.366 |
26.653 |
22.333 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(15.432) |
(1.060) |
(2.532) |
|
|
Employees benefits
expense |
6.109 |
5.784 |
6.309 |
|
|
Other expenses |
8.424 |
4.319 |
4.793 |
|
|
TOTAL |
41.467 |
35.696 |
30.903 |
|
|
|
|
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|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
7.878 |
6.710 |
3.300 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
7.703 |
6.330 |
3.223 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.175 |
0.380 |
0.077 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.230 |
0.164 |
0.255 |
|
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|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(0.055) |
0.216 |
(0.178) |
|
|
|
|
|
|
|
Less |
TAX |
(0.013) |
0.068 |
(0.052) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(0.042) |
0.148 |
(0.126) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS |
40.353 |
23.626 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(13.93) |
49.32 |
(41.86) |
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 |
(5.158) |
4.895 |
(4.100) |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
(5.258) |
4.820 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
98.08 |
87.63 |
92.07 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.72 |
4.17 |
3.96 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
125.14 |
121.84 |
157.34 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.11 |
0.11 |
0.06 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
23.52 |
20.52 |
15.42 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.97 |
0.96 |
0.97 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
34.10 |
27.98 |
28.19 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
7.83 |
5.52 |
5.34 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.16 |
0.15 |
0.11 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.02 |
1.06 |
1.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
(0.09) |
0.36 |
(0.40) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(0.05) |
0.20 |
(0.18) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(2.00) |
6.92 |
(6.33) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
5.48 |
6.24 |
6.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.94 |
1.23 |
0.97 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.02 |
0.03 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
238.27 |
199.42 |
187.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
5.48 |
6.24 |
6.44 |
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 |
0.300 |
0.300 |
0.300 |
|
Reserves & Surplus |
1.690 |
1.838 |
1.796 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1.990 |
2.138 |
2.096 |
|
|
|
|
|
|
long-term borrowings |
56.100 |
59.826 |
71.481 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
56.100 |
59.826 |
71.481 |
|
Debt/Equity
ratio |
28.191 |
27.982 |
34.104 |
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 |
31.793 |
40.992 |
47.156 |
|
|
|
28.934 |
15.037 |
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 |
31.793 |
40.992 |
47.156 |
|
Profit / (Loss) |
(0.126) |
0.148 |
(0.042) |
|
|
(0.40)% |
0.36% |
(0.09)% |
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 |
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 |
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Business Advance from Meca Betharia Engineering Limited |
27.000 |
24.500 |
|
Loan from Kshitij Investment |
19.755 |
17.955 |
|
Loan from Shishir Betharia |
14.236 |
9.733 |
|
Loan from Shishir Betharia - HUF |
4.665 |
4.265 |
|
Loan from Pallavi Betharia |
4.638 |
3.373 |
|
Loan from SB Projects Solutions |
1.187 |
0.000 |
|
Total |
71.481 |
59.826 |
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Air conditioner
- Computer
- Furniture
- Cycle
- Mobile phone
- Dryer
- Fan
- Cooler
- Telephone instrument
- Two wheeler
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 78.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PUJ |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
YES |
|
--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.