|
|
|
MIRA INFORM REPORT
|
Report No. : |
488768 |
|
Report Date : |
13.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VAYUNOVA SOLUTIONS LLP |
|
|
|
|
Registered
Office : |
No. 1146, 22nd Cross, BSK II Stage, Bangalore – 560070,
Karnataka |
|
Mobile No.: |
91-9880743701 (Mr. Vinay Ravishankar) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
17.04.2015 |
|
|
|
|
Obligation of
contribution: |
INR 50.042 Million |
|
|
|
|
LLPIN : |
AAD-7762 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMFV7049L |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
To deal in hardware and software components solutions for all areas of
information technology, software on Cloud, web and social platforms, mobile
applications, web based software and solutions, digital me. (Registered
Activity) |
|
|
|
|
No. of Employees
: |
01 (Approximately) (As per site visit) |
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 140000 (INR 8992900.00) |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a Liabilities Liability firm established in the year 2015
and it is engaged in providing IT services. As per financial of march 2017, the company has registered growth of
83.62% in its revenue as compared to its previous year’s revenue and has reported
and has reported good profit margin of 34.95%. Rating takes into consideration the company’s sound capital base along
with low solvency indicators due to zero debt balance sheet and decent
liquidity position. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the firm on the given address. At the premises our executive met to Mr. Nagesh M (Office Executive) and he provided contact details of Mr. Vinay Ravishankar i.e. 9880743701 and email Id. As per our executive observation, location of the firm is easy to find. Landmark was near BDA complex. It is a bungalow type premises. Locality appears to be residential. Area seems to be upmarket. Area of the premises was 1200 (SQ.FT) 01 employee was sighted into premises. Name board of the firm was not sighted at the given address. Further, our executive also enquired from neighbours i.e. Ms. Lakshmi and Mr. Murugesh (Residents) and they were also confirmed that firm exists on given address. |
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
31-03-201.
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 12.02.2018
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. Vinay Ravishankar |
|
Designation : |
Partner |
|
Contact No.: |
91-9880743701 |
|
Date : |
09.02.2018 |
LOCATIONS
|
Registered Office : |
No. 1146, 22nd Cross, BSK II Stage, Bangalore – 560070,
Karnataka, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9880743701 (Mr. Vinay Ravishankar) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area: |
1200 Sq. ft. (As per site visit) |
|
Locality: |
Residential (As per site visit) |
PARTNERS
|
Name : |
Mr. Ravishankar Vinay |
|
Designation : |
Designated Partner |
|
Address : |
Chikkajala G Post, Bangalore North Taluk, Bangalore –
562157, Karnataka, India |
|
Date of Appointment : |
17.04.2015 |
|
DPIN No.: |
07074326 |
|
|
|
|
Name : |
Wozniak Richard Patrick |
|
Designation : |
Designated Partner |
|
Address : |
3224 W, Fullerton Avenue Chicago Il 60647 |
|
Date of Appointment : |
17.04.2015 |
|
DPIN No.: |
07074780 |
|
|
|
|
Name : |
Kothalanka Jagaddeeswari |
|
Designation : |
Designated Partner |
|
Address : |
2-3-9/8,Ram Nagar, Pedagantyada, Bhpv, Visakhapatnam – 530012,
Andhra Pradesh, India |
|
Date of Appointment : |
26.04.2016 |
|
DPIN No.: |
07404183 |
|
|
|
|
Name : |
Mr. Kothalanka Srinivasa Umapathy |
|
Designation : |
Designated Partner |
|
Address : |
2-3-9/8,Ram Nagar, Pedagantyada, B H P V, Visakhapatnam –
530012, Andhra Pradesh, India |
|
Date of Appointment : |
26.04.2016 |
|
DPIN No.: |
07404192 |
CONTRIBUTION DETAILS
As on 31.03.2017
|
Names of Persons |
INR in Million |
|
Kothalanka Srinivasa Umapathy |
0.000 |
|
Kothalanka Jagaddeeswari |
0.000 |
|
Wozniak Richard Patrick |
0.050 |
|
Ravishankar Vinay |
0.050 |
|
Total |
0.100 |
BUSINESS DETAILS
|
Line of Business : |
To deal in hardware and software components solutions for all areas of
information technology, software on Cloud, web and social platforms, mobile
applications, web based software and solutions, digital me. (Registered
Activity) |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
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|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
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|
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
01 (Approximately) (As per site visit) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Maniunath R. Hegde and Company Chartered Accountants |
|
Address : |
No. 346/A, Sumukha, I Main Road, Talakavery Layout, Amruthahalli,
Byatarayanapura, Bengaluru – 560092, Karnataka, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Sister Concern : |
-- |
CONTRIBUTION
AS ON 31.03.2017
|
PARTICULAR (Partners Account) |
INR In Million |
|
Ravishankar Vinay |
0.050 |
|
Wozniak Richard Patrick |
0.050 |
|
Kothalanka Jagaddeeswari |
0.000 |
|
Kothalanka Srinivasa Umapathy |
0.000 |
|
Total Obligation of contribution |
0.100 |
|
PARTICULAR (Partners Current Account) |
INR In Million |
|
Ravishankar Vinay |
16.317 |
|
Wozniak Richard Patrick |
6.013 |
|
Kothalanka Jagaddeeswari |
13.806 |
|
Kothalanka Srinivasa Umapathy |
13.806 |
|
Total Obligation of contribution |
49.942 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
0.100 |
0.100 |
|
|
2] Partners current account |
|
49.942 |
17.086 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
50.042 |
17.186 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
50.042 |
17.186 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.459 |
0.073 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000 |
0.000 |
|
|
Sundry Debtors |
|
6.727 |
2.050 |
|
|
Cash & Bank Balances |
|
31.195 |
29.699 |
|
|
Other Current Assets |
|
0.179 |
0.224 |
|
|
Loans & Advances |
|
12.058 |
3.172 |
|
Total
Current Assets |
|
50.159 |
35.145 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.000 |
17.967 |
|
|
Other Current Liabilities |
|
0.000 |
0.000 |
|
|
Provisions |
|
0.576 |
0.065 |
|
Total
Current Liabilities |
|
0.576 |
18.032 |
|
|
Net Current Assets |
|
49.583 |
17.113 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
50.042 |
17.186 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
51.065 |
24.490 |
|
|
Other Income |
|
0.315 |
0.027 |
|
|
TOTAL |
|
51.380 |
24.517 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Salary And Wages |
|
5.215 |
4.304 |
|
|
Business Trip |
|
3.819 |
3.254 |
|
|
Accounting Charges |
|
0.000 |
0.055 |
|
|
Administration Charges |
|
0.027 |
0.000 |
|
|
Advertisement |
|
0.000 |
0.003 |
|
|
Office Expenses |
|
0.462 |
0.000 |
|
|
Audit Fees |
|
0.100 |
0.058 |
|
|
Electricity Charges |
|
0.013 |
0.000 |
|
|
Communication Charges |
|
0.000 |
0.048 |
|
|
Bonus |
|
0.228 |
0.167 |
|
|
Maintains Expenses |
|
0.182 |
0.047 |
|
|
Partners Salary |
|
4.700 |
6.600 |
|
|
Professional Charges |
|
0.092 |
0.216 |
|
|
EPF Contributions |
|
0.408 |
0.000 |
|
|
Professional Tax |
|
0.000 |
0.003 |
|
|
Preliminary Exp |
|
0.000 |
0.056 |
|
|
Health Insurance |
|
0.004 |
0.000 |
|
|
Printing And Stationery |
|
0.085 |
0.061 |
|
|
Rent |
|
0.477 |
0.110 |
|
|
Staff welfare Expense |
|
0.183 |
0.167 |
|
|
Misc. Expenses |
|
0.052 |
0.011 |
|
|
Papers And Periodicals |
|
0.045 |
0.000 |
|
|
Income Tax |
|
0.000 |
2.888 |
|
|
Vehicle Maintains |
|
0.142 |
0.000 |
|
|
Repairs And Maintains |
|
0.096 |
0.000 |
|
|
rates and taxes |
|
0.111 |
0.000 |
|
|
TOTAL |
|
16.441 |
18.048 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
34.939 |
6.469 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.020 |
0.003 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
34.919 |
6.466 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.186 |
0.006 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
34.733 |
6.460 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
48.08 |
30.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
7.59 |
11.95 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
0.00 |
867.68 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
76.12 |
88.62 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.01 |
0.51 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
0.01 |
1.05 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.01 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
68.02 |
26.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
68.62 |
18.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
69.41 |
37.59 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
87.08 |
1.95 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
87.08 |
1.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.99 |
0.49 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
87.08 |
1.95 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Partners’ Capital |
0.100 |
0.100 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net worth |
0.100 |
0.100 |
|
|
|
|
|
Secured borrowings |
0.000 |
0.000 |
|
Unsecured borrowings |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
24.490 |
51.065 |
|
|
108.514 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
24.490 |
51.065 |
|
Profit/(Loss) |
6.460 |
34.733 |
|
|
26.38% |
68.02% |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
No |
|
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 |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last two years |
No |
|
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 |
INDEX OF CHARGE: No Charges Exists for Company
OBSERVATION POINTS
|
Name of Company : 1st
visit: |
VAYUNOVA SOLUTIONS LLP |
|
|
|
|
Address : |
No. 1146, 22nd Cross, BSK II Stage, Bangalore – 560070,
Karnataka, India |
|
|
|
|
Mobile No.: |
91-9880743701 (Mr. Vinay Ravishankar) |
|
|
|
|
|
Email: vinay.ravishankar@gmail.com |
|
|
|
|
Person to whom we met: |
Name: Nagesh M Designation: Office Executive |
|
|
|
|
Name Board : |
Not Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near BDA Complex |
|
|
|
|
Total Floors of the building: |
Bungalow Type Premises |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area of Premises: |
1200 Sq. ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of Employees
seen at Premises : |
01 |
|
|
|
|
Visibility of
Items: |
|
|
|
|
|
Furniture item: |
Yes |
|
|
|
|
Neighbour’s
Interview: |
|
|
Name of the company: |
Lakshmi |
|
Name of contact
person: |
Ms. Lakshmi |
|
Neighbour’s
overview: |
Existence confirmed |
|
|
|
|
|
|
|
Neighbour’s
Interview: |
|
|
Name of the
company: |
Murugesh |
|
Name of contact
person: |
Mr. Murugesh (Residents) |
|
Neighbour’s overview: |
Existence confirmed |
|
|
|
|
Proof of visit: |
Photographs |
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 64.36 |
|
|
1 |
INR 89.71 |
|
Euro |
1 |
INR 78.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
NKTS |
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 |
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.