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%2014-Feb-2018_files/image013.jpg){kind=small}
%2014-Feb-2018_files/image014.jpg)
%2014-Feb-2018_files/image016.gif)
MIRA INFORM REPORT
|
Report No. : |
491366.2 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMEX RESOURCES |
|
|
|
|
Registered
Office : |
312, 3rd Floor, Parekh Market, 39 J.S.S. Road, Opera House, Mumbai - 400004,
Maharashtra |
|
Tel. No.: |
91-22-40065337/ 23855336 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
01.06.2011 |
|
|
|
|
Capital
Investment : |
INR 31.834 Million |
|
|
|
|
IEC No.: |
0311088457 |
|
|
|
|
TIN No.: |
27290855765 |
|
|
|
|
GSTIN: |
27AATFA5430D1ZJ |
|
|
|
|
PAN No.: [Permanent Account No.] |
AATFA5430D |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader of Copper Strips, Brass Strips, Tin Ingots, Lead Ingots, Zinc Ingots, Zinc Alloy Ingots, Aluminium Ingots, Aluminium Alloy Ingots, Nickel, etc. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
08 (Approximately) [In Office: 06 and In Branch: 02] |
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 : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Amex resources was started in the year 2011 and is based in Mumbai, Maharashtra. It is an established partnership concern having satisfactory track record. For the financial year ended 2017, the concern has witnessed a growth in its revenue and has achieved fair profit margin at 1.64% (approx). The rating takes into consideration adequate capital base along with fair debt level of the concern. Rating also considers positive feedback received from its customer (Gloster Cables Limited) for satisfactory product quality, supplier (Phoneix Industries Private Limited) for good payment behavior and market goodwill and from its banker (Yes Bank Limited) for satisfactory banking transactions. However, these rating strengths are partially offset by risks associated with trading nature of business operations and intense competition from other organized and unorganized players in the industry. Trade relations are reported as fair. Business is active. Payments are seems to be usually correct and as per commitments. In view of aforesaid, the concern 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 (31.03.2017) |
Current Rating (30.06.2017) |
|
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 |
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 14.02.2018
INFORMATION PARTED BY
|
Name : |
Mr. Kapil Rathod |
|
Designation : |
Partner |
|
Contact No.: |
91-9820030384 |
|
Date : |
07.09.2017 |
LOCATIONS
|
Registered Office : |
312, 3rd Floor, Parekh Market, 39 J.S.S. Road, Opera House, Mumbai -
400004, Maharashtra, India |
|
Tel. No.: |
91-22-40065337/ 36 |
|
Mobile No.: |
91-9820055337 (Mr. Tushar Jain) 91-9820030384 (Mr. Kapil Rathod) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
300 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
1505/3, Gala No. J-3, Ground Floor, Phase – II, Shree Munisuvrat Complex, Anjurphata, Rahanal, Bhiwandi, Thane -421302, Maharashtra, India |
|
Area : |
1800 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
PARTNERS
|
Name : |
Mr. Tushar Jain |
|
Designation : |
Partner |
|
|
Flat 1001 Meru Tower, 10 th Floor, Sane Guruji Marg, Bellasis Road,
Tardeo W, Mumbai-400034, Maharashtra, India |
|
Date of Birth/Age : |
20.03.1984 |
|
Qualification : |
Graduate |
|
Experience : |
9 Years |
|
|
|
|
Name : |
Mr. Kapil Rathod |
|
Designation : |
Partner |
|
|
Flat No. 52 Building, No. 1 Fifth Floor, Parijat Apartment, Mahavir
Nagar, Kandivali W, Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1979 |
|
Qualification : |
Graduate |
|
Experience : |
13 Years |
BUSINESS DETAILS
|
Line of Business : |
Trader of Copper Strips, Brass Strips, Tin Ingots, Lead Ingots, Zinc Ingots, Zinc Alloy Ingots, Aluminium Ingots, Aluminium Alloy Ingots, Nickel, etc. [Confirmed by Management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
· Lead Ingots · Lead Shots |
|
Countries : |
· Spain · Maldives |
|
|
|
|
Imports : |
|
|
Products : |
· Lead Ingots · Shg Zinc Ingots · Hg Zinc Ingots |
|
Countries : |
· Dubai · Korea · Italy · United Kingdom |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cheque, Advance Payment and Credit (30 days, 60 days and 90 days) |
|
|
|
|
Purchasing : |
L/C, Cheque, Advance Payment and Credit (30 days, 60 days and 90 days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
08 (Approximately) [In Office: 06 and In Branch: 02] |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Bafna Karia and Associates Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
PARTICULARS |
AMOUNT IN MILLION |
|
Kapil Rathod |
13.903 |
|
Tushar Jain |
17.931 |
|
Total |
31.834 |
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner Capital |
31.834 |
21.472 |
20.457 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
31.834 |
21.472 |
20.457 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Bank O/D |
33.348 |
0.000 |
0.000 |
|
|
2] Secured Loans |
0.000 |
21.714 |
0.000 |
|
|
3] Unsecured Loans |
31.389 |
19.546 |
9.846 |
|
|
TOTAL BORROWING |
64.737 |
41.260 |
9.846 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
96.571 |
62.732 |
30.303 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.120 |
8.012 |
1.235 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
3.557 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
27.617 |
50.903
|
10.722 |
|
|
Sundry Debtors |
101.114 |
59.700
|
74.538 |
|
|
Cash & Bank Balances |
0.575 |
0.602
|
0.394 |
|
|
Other Current Assets |
0.231 |
6.852
|
8.682 |
|
|
Loans & Advances |
4.059 |
0.000
|
6.927 |
|
Total
Current Assets |
133.596 |
118.057
|
101.263 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
45.930 |
60.923
|
59.161 |
|
|
Other Current Liabilities |
0.000 |
0.026
|
12.660 |
|
|
Provisions |
2.772 |
2.388
|
0.374 |
|
Total
Current Liabilities |
48.702 |
63.337
|
72.195 |
|
|
Net Current Assets |
84.894 |
54.720
|
29.068 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
96.571 |
62.732 |
30.303 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
975.245 |
599.833 |
491.151 |
|
|
Other Income |
0.398 |
0.492 |
2.085 |
|
|
TOTAL |
975.643 |
600.325 |
493.236 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost
Of Goods Sold |
937.106 |
574.265 |
472.049 |
|
|
Direct Expenses |
0.784 |
0.000 |
0.101 |
|
|
Excise Duty |
0.256 |
0.000 |
0.000 |
|
|
Custom Duty |
0.059 |
0.000 |
0.000 |
|
|
Consignment Exp |
0.151 |
0.000 |
0.000 |
|
|
Advertisement Charges |
0.008 |
0.000 |
0.005 |
|
|
Audit Fees |
0.230 |
0.000 |
0.000 |
|
|
Commission Paid |
4.231 |
0.596 |
2.475 |
|
|
Discount
And Rate Diffusers |
0.000 |
0.000 |
0.383 |
|
|
Conveyance |
0.143 |
0.170 |
0.126 |
|
|
Computer Expenses |
0.118 |
0.000 |
0.000 |
|
|
Donation |
1.026 |
0.000 |
0.000 |
|
|
Electricity Charges |
0.072 |
0.064 |
0.010 |
|
|
Forex
Control Charges |
0.000 |
0.000 |
0.004 |
|
|
Export Expenses |
0.009 |
0.000 |
0.000 |
|
|
Foreign Exp |
0.136 |
0.000 |
0.000 |
|
|
Freight Travel Expenses |
1.917 |
1.510 |
1.119 |
|
|
Future Loss |
0.035 |
0.000 |
0.000 |
|
|
General Exp |
0.006 |
0.082 |
0.058 |
|
|
Hemali And Packaging Exp |
0.682 |
0.543 |
0.332 |
|
|
Insurance Charges |
0.078 |
0.193 |
0.046 |
|
|
Interest Paid |
2.773 |
2.424 |
1.383 |
|
|
Internet
Expenses |
0.000 |
0.002 |
0.020 |
|
|
Rent Godown |
0.487 |
0.000 |
0.000 |
|
|
Legal Fees |
0.041 |
0.000 |
0.000 |
|
|
Office Premises Expenses |
0.043 |
0.000 |
0.000 |
|
|
Profession Tax |
0.003 |
0 |
0 |
|
|
Office Rent |
0.042 |
0.278 |
0.406 |
|
|
Packing Expense S |
0.496 |
0.910 |
0.512 |
|
|
Postage & Courier Expenses |
0.035 |
0.046 |
0.035 |
|
|
Printing & Stationery |
0.054 |
0.055 |
0.044 |
|
|
Professional Fees |
0.609 |
0.265 |
0.039 |
|
|
Profession
Tax |
0.000 |
0.000 |
0.005 |
|
|
Salary & Bonus |
3.764 |
3.452 |
3.150 |
|
|
Repairs & Maintainace |
0.023 |
0.008 |
0.004 |
|
|
Sales Promotion Expenses |
0.975 |
0.667 |
0.109 |
|
|
Service Tax |
0.157 |
0.126 |
0.073 |
|
|
Other Expenses |
0.000 |
4.213 |
1.337 |
|
|
Shop
And Established |
0.006 |
0.000 |
0.000 |
|
|
Staff Welfare |
0.141 |
0.000 |
0.000 |
|
|
Subscription |
0.541 |
0.000 |
0.000 |
|
|
Sundry
Exp |
0.063 |
0.000 |
0.000 |
|
|
Tender Fees |
0.003 |
0.000 |
0.000 |
|
|
Telephone And Interest
Exp |
0.133 |
0.000 |
0.000 |
|
|
Testing Charges |
0.013 |
0.000 |
0.000 |
|
|
Traveling Exp |
0.375 |
0.000 |
0.000 |
|
|
Weight Charges |
0.023 |
0.000 |
0.000 |
|
|
TOTAL |
957.847 |
589.869 |
483.825 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, , DEPRECIATION AND
AMORTISATION |
17.796 |
10.456 |
9.411 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.653 |
2.947 |
2.516 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE,
DEPRECIATION AND AMORTISATION |
16.143 |
7.509 |
6.895 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.126 |
0.098 |
0.124 |
|
|
|
|
|
|
|
|
NET PROFIT |
16.017 |
7.411 |
6.771 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
37.84 |
36.33 |
55.39 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.65 |
10.05 |
6.59 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
17.87 |
38.72 |
45.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.64 |
0.21 |
0.88 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
2.19 |
1.31 |
7.62 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.78 |
0.83 |
0.80 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.03 |
1.92 |
0.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.52 |
3.86 |
4.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.26 |
0.37 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
10.77 |
3.55 |
3.74 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to sales Income ((PAT
/sales) * 100) |
% |
1.64 |
1.24 |
1.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
11.03 |
5.88 |
6.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
50.31 |
34.51 |
33.10 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.67 |
1.42 |
1.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.32 |
0.81 |
1.10 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.22 |
0.17 |
0.20 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.03 |
1.92 |
0.48 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.67 |
1.42 |
1.23 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Partners Capital |
20.457 |
21.472 |
31.834 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net worth |
20.457 |
21.472 |
31.834 |
|
|
|
|
|
|
Bank OD |
0.000 |
21.714 |
33.348 |
|
Secured Loan |
0.000 |
0.000 |
0.000 |
|
Unsecured Loan |
9.846 |
19.546 |
31.389 |
|
Total borrowings |
9.846 |
41.260 |
64.737 |
|
Debt/Equity ratio |
0.481 |
1.922 |
2.034 |
%2014-Feb-2018_files/image018.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 |
491.151 |
599.833 |
975.245 |
|
|
|
22.128 |
62.586 |
%2014-Feb-2018_files/image020.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 |
491.151 |
599.833 |
975.245 |
|
Profit/(Loss) |
6.771 |
7.411 |
16.017 |
|
|
1.38% |
1.24% |
1.64% |
%2014-Feb-2018_files/image022.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 |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 four 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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
Yes |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
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
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKTS |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
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.