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|
|
%20LLP%20-%20491795%2013-Feb-2018_files/image013.jpg){kind=small}
%20LLP%20-%20491795%2013-Feb-2018_files/image014.jpg)
%20LLP%20-%20491795%2013-Feb-2018_files/image016.gif)
MIRA INFORM REPORT
|
Report No. : |
491795 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PUZZOLANA MACHINERY FABRICATORS (HYDERABAD) LLP |
|
|
|
|
Registered
Office : |
D-11, Phase-I, IDA, Jeedimetla,
Ranga Reddy - 500055, Telangana |
|
Tel. No.: |
91-40-23354514/23095080 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.04.2014 |
|
|
|
|
Total Obligation
of Contribution: |
INR 970.597 Million |
|
|
|
|
LLPIN No.: |
AAC-2270 |
|
|
|
|
IEC No.: |
0915004658 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAQFP7496R |
|
|
|
|
GSTIN/UIN : |
36AAQFP7496R1ZT |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Manufacturing, Importing, Exporting, Modelling all types of crushing
equipment, refiners, twisting, processors, tractors, earth moving equipment, heavy
engineering equipment (Registered Activity and also Confirmed by management) |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as partnership concern during the year 1976 with the name of PUZZOLANA MACHINERY FABRICATORS (HYDERABAD). Later it got converted into limited liability partnership concern on 1st April 2014 with the name of “PUZZOLANA MACHINERY FABRICATORS (HYDERABAD) LLP”. Subject designs and fabricates crusher plants such as stationary crushing plants, trolley-mounted portable plants, and crawler-mounted portable plants, including parts such as crushers, screeners, conveyors, and material-handling equipment. Machines are sold under the Puzzolana brand. Subject’s clients include Ultratech, L&T, Lafarge, NCC, IRB, Punj Lloyd, NRC, Gammon, etc. As per the financial record of 2017, the subject has achieved a decent growth in its revenue as compared to the previous year and has reported average profitability margin of 4.79%. The subject possesses healthy financial positon marked by adequate capital base along with low debt balance sheet profile and satisfactory liquidity position. Business is active. Payment seems to be usually correct. In view of the aforesaid, the subject 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Loans=A+ |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
07.08.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Loans=A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
07.08.2017 |
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 13.02.2018
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 : |
Mr. J. Patanjali |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9553311164 |
LOCATIONS
|
Registered Office/ Factory : |
D-11, Phase-I, IDA, Jeedimetla,
Ranga Reddy --500055, Telangana, India |
|
Tel. No.: |
91-40-23354514/23095080 |
|
Mobile No.: |
91-9553311164 (Mr. J. Patanjali) |
|
Fax No.: |
91-40-23354574 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality: |
Industrial |
|
|
|
|
Head Office: |
2-C, 2nd Floor, Sumedha Estates, IVRCL Towers, Avenue 4, Street No. 1, Road No. 10, Gaffar Khan Colony, Banjara Hills, Hyderabad-500034, Telangana, India |
|
|
|
|
Corporate Office: |
8-2-596, 4th Floor, IVRCL Towers, Road No.10, Banjara Hills,
Hyderabad-500034, Telangana, India |
PARTNERS
As on 31.03.2017
|
Name : |
Mr. Ananth Pai Peraje |
||||||||
|
Designation : |
Designated Partner |
||||||||
|
Address : |
6-3-1102/307, Rajbhavan Road, Somajiguda, Hyderabad - 500082, Telangana, India |
||||||||
|
Date of Birth/Age : |
20.05.1964 |
||||||||
|
Date of Appointment : |
01.04.2014 |
||||||||
|
DPIN No. : |
00048339 |
||||||||
|
Other Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Prakash Peraje Pai |
||||||||
|
Designation : |
Designated Partner |
||||||||
|
Address : |
8-2-622/1/1/A, Road No 10, Banjara Hills, Hyderabad -500034, Telangana, India |
||||||||
|
Date of Birth/Age : |
09.03.1959 |
||||||||
|
Date of Appointment : |
01.04.2014 |
||||||||
|
PAN No.: |
ADYPP7317E |
||||||||
|
DPIN No. : |
00202327 |
||||||||
|
Other Directorship:
|
|||||||||
KEY EXECUTIVES
|
Name : |
Mr. J. Patanjali |
|
Designation : |
Accounts Manager |
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Person |
Obligation of Contribution (INR In Million) |
|
Poornima Pai |
33.888 |
|
Peraje Prakash Pai |
468.661 |
|
Ananth Pai Peraje |
468.048 |
|
Total |
970.597 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Importing, Exporting, Modelling all types of crushing
equipment, refiners, twisting, processors, tractors, earth moving equipment, heavy
engineering equipment (Registered Activity and also Confirmed by management) |
|
|
|
|
Products/ Services : |
-- |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit (30 Days) |
|
|
|
|
Purchasing : |
L/C and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Vasanth Pai and Company Chartered Accountants |
|
Address : |
410, Maheshwari Chambers, Beside Medinova, Somajiguda, Hyderabad –
500082, Telangana, India |
|
Mobile No.: |
91-9849298509 |
|
Email: |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2017
|
Total Obligation Fund |
INR 970.597 Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Contribution Received |
970.597 |
970.597 |
970.597 |
|
|
2] Share Application Money |
495.964 |
327.998 |
79.531 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1466.561 |
1298.595 |
1050.128 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
73.417 |
99.911 |
127.607 |
|
|
2] Unsecured Loans |
0.694 |
0.626 |
1.732 |
|
|
TOTAL BORROWING |
74.111 |
100.537 |
129.339 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1540.672 |
1399.132 |
1179.467 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
322.540 |
286.545 |
232.708 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
456.238 |
331.875 |
90.504 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
541.268
|
365.101 |
322.441 |
|
|
Sundry Debtors |
885.352
|
488.411 |
545.375 |
|
|
Cash & Bank Balances |
277.251
|
458.370 |
452.179 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans and Advances |
145.382
|
101.764 |
108.655 |
|
Total
Current Assets |
1849.253
|
1413.646 |
1428.650 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1064.058
|
605.295 |
557.582 |
|
|
Other Current Liabilities |
23.301
|
27.639 |
14.813 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1087.359
|
632.934 |
572.395 |
|
|
Net Current Assets |
761.894
|
780.712 |
856.255 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1540.672 |
1399.132 |
1179.467 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
6144.573 |
3947.836 |
2824.703 |
|
|
Other Income |
138.369 |
137.735 |
144.32 |
|
|
TOTAL |
6282.942 |
4085.571 |
2969.023 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Raw Materials Consumed |
3827.373 |
2540.560 |
1926.759 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Personnel Expenses |
177.250 |
135.704 |
119.028 |
|
|
Administrative Expenses |
1167.352 |
846.953 |
577.83 |
|
|
Other expenses |
626.200 |
315.005 |
188.501 |
|
|
TOTAL |
5798.175 |
3838.222 |
2812.118 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
484.767 |
247.349 |
156.905 |
|
|
|
|
|
|
|
Less |
INTEREST |
3.811 |
2.402 |
2.168 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
480.956 |
244.947 |
154.737 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
45.087 |
38.181 |
29.299 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
435.869 |
206.766 |
125.438 |
|
|
|
|
|
|
|
Less |
TAX |
141.593 |
73.988 |
50.832 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
294.276 |
132.778 |
74.606 |
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 flows from (used in) operation |
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) |
52.59 |
45.16 |
70.47 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
6.94 |
8.08 |
5.18 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
101.47 |
86.96 |
105.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.90 |
0.68 |
0.49 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.50 |
0.86 |
0.67 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.44 |
0.36 |
0.40 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.05 |
0.08 |
0.12 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.74 |
0.49 |
0.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.22 |
0.22 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
127.20 |
102.98 |
72.37 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
4.79 |
3.36 |
2.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.20 |
6.53 |
4.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.07 |
10.22 |
7.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.70 |
2.23 |
2.49 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.20 |
1.66 |
1.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.56 |
0.64 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.08 |
0.10 |
0.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.70 |
2.23 |
2.49 |
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 |
|
Contribution Received |
970.597 |
970.597 |
970.597 |
|
Reserves & Surplus |
79.531 |
327.998 |
495.964 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1050.128 |
1298.595 |
1466.561 |
|
|
|
|
|
|
Secured Loan |
127.607 |
99.911 |
73.417 |
|
Unsecured Loan |
1.732 |
0.626 |
0.694 |
|
Total borrowings |
129.339 |
100.537 |
74.111 |
|
Debt/Equity ratio |
0.123 |
0.077 |
0.051 |
%20LLP%20-%20491795%2013-Feb-2018_files/image017.gif)
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 |
2824.703 |
3947.836 |
6144.573 |
|
|
|
39.761 |
55.644 |
%20LLP%20-%20491795%2013-Feb-2018_files/image018.gif)
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 |
2824.703 |
3947.836 |
6144.573 |
|
Profit |
74.606 |
132.778 |
294.276 |
|
|
2.64% |
3.36% |
4.79% |
%20LLP%20-%20491795%2013-Feb-2018_files/image019.gif)
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 |
Yes |
|
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 |
Yes |
|
19] |
Major customers |
Yes |
|
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 |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
No |
|
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
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Abhijit Pai |
NA |
0.011 |
|
Achutha Pai |
NA |
0.117 |
|
Ashwini Pai |
NA |
0.071 |
|
Niveditha Pai |
NA |
0.249 |
|
Vanitha Pai |
NA |
0.178 |
|
Total |
NA |
0.626 |
INDEX
OF CHARGES
No Charges Exists for LLP
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 64.28 |
|
|
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
YES |
|
--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.