|
|
|
MIRA INFORM REPORT
|
Report No. : |
491597 |
|
Report Date : |
14.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
VALIA IMPEX LLP |
|
|
|
|
Registered
Office : |
Ground Floor, Kailash Tower, A Wing, Behind S.T.C. Colony, Andheri (East), Mumbai-400069, Maharashtra |
|
Tel. No.: |
91-22-26824345 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
24.09.2015 |
|
|
|
|
Total Obligation
of Contribution: |
INR 7.500 Million |
|
|
|
|
LLPIN No.: |
AAE-8136 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV1301L |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Del Credere Agents of
Linear Polyethylene, Polypropylene, Poly Vinyl Chloride produced by Reliance Industries
Limited. [Registered
Activity and also Confirmed by Management] |
|
|
|
|
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a limited liability partnership concern established in the year 2015. For the
financial year 2017, the concern has achieved a massive growth in its revenue
as compared to previous year and has reported fair profit margin of 10.50%. The sound
financial profile of the concern is marked by sufficient capital base along
with negligible debt level. Business
is active. Payment seems to be usually correct. 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 (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= B+ |
|
Rating Explanation |
Risk-prone-credit-quality and carries very
high credit risk. |
|
Date |
10.07.2017 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term= A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
10.07.2017 |
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 14.02.2018.
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 DECLINED BY
|
Name : |
Mr. Rajesh Bakshi |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-22-26824334 |
|
Date : |
12.02.2018 |
LOCATIONS
|
Registered Office : |
Ground Floor, Kailash Tower, A Wing, Behind S.T.C. Colony, Andheri (East), Mumbai-400069, Maharashtra, India |
|
Tel. No.: |
91-22-26824345/ 26824334/ 46/ 47 |
|
Fax No.: |
91-22-26823662 |
|
E-Mail : |
|
|
Website : |
PARTNERS
AS ON: 31.03.2017
|
Name : |
Mr. Bhavesh Balkrishna Valia |
|
Designation : |
Designated Partner |
|
Address : |
S/10, Kapole CHS., 1st Floor, 11th N. S. Road, J.V.P.D. Scheme, Vile Parle (West), Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
04.08.1960 |
|
Date of Appointment : |
24.09.2015 |
|
DPIN No.: |
00404977 |
|
|
|
|
Name : |
Mrs. Leena Bhavesh Valia |
|
Designation : |
Designated Partner |
|
Address : |
S/10, Kapole CHS., 1st Floor, 11th N. S. Road, J.V.P.D. Scheme, Vile Parle (West), Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1963 |
|
Date of Appointment : |
24.09.2015 |
|
DPIN No.: |
00405154 |
|
|
|
|
Name : |
Ms. Karishma Bhavesh Valia |
|
Designation : |
Partner |
|
Address : |
S/10, Kapole Society, N. S. Road No. 11, JVPD Scheme, Ville Parle
(West), Mumbai – 400049, Maharashtra, India
|
|
Date of Appointment : |
24.09.2015 |
|
PAN No.: |
AETPV7719L |
|
|
|
|
Name : |
Ms. Juhi Bhavesh Valia |
|
Designation : |
Partner |
|
Address : |
S/10, Kapole CHS, 1st Floor, 11th N.S. Road, J.V.P.D. Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Appointment : |
24.09.2015 |
|
PAN No.: |
AKNPV3176D |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Bakshi |
|
Designation : |
Chief Accountant |
CONTRIBUTION DETAILS
|
Names of Persons |
INR in Million |
|
Karishma Bhavesh Valia |
0.670 |
|
Juhi Bhavesh Valia |
0.510 |
|
Leena Bhavesh Valia |
5.270 |
|
Bhavesh Balkrishna Valia |
1.050 |
|
|
|
|
Total |
7.500 |
BUSINESS DETAILS
|
Line of Business : |
Del Credere Agents of
Linear Polyethylene, Polypropylene, Poly Vinyl Chloride produced by Reliance Industries
Limited. [Registered
Activity and also Confirmed by Management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr.
Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
K.I. Mehta and Company Chartered Accountants |
|
Address : |
311, Vivek, 12 New M.I.G. Colony, Roop Nagar, Bandra (East), Mumbai-400051, Maharashtra, India |
|
E-mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
|
Total Obligation of Concern |
INR 7.500
Million |
PARTNER’S
FUND AS ON 31.03.2017
|
Name of the Partners |
INR IN MILLION |
Ratio |
|
Bhavesh B Valia |
5.270 |
14% |
|
Leena B Valia |
0.670 |
70.27% |
|
Karishma B Valia |
0.510 |
8.93% |
|
Juhi B Valia |
1.050 |
6.80% |
|
|
----------- |
----------- |
|
Total |
7.500 |
100.00% |
FINANCIAL DATA
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partner’s Capital |
|
7.500 |
7.500 |
|
(b) Reserves & Surplus |
|
128.536 |
122.922 |
|
Total Shareholders’
Funds (1) + (2) |
|
136.036 |
130.422 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
221.330 |
203.572 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
221.330 |
203.572 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
2228.689 |
1842.671 |
|
(b)
Trade payables |
|
276.819 |
517.020 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d)
Short-term provisions |
|
17.083 |
20.953 |
|
Total
Current Liabilities (4) |
|
2522.591 |
2380.644 |
|
|
|
|
|
|
TOTAL |
|
2879.957 |
2714.638 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
126.740 |
108.580 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.845 |
0.845 |
|
(d) Long-term Loan
and Advances |
|
149.812 |
191.953 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
277.397 |
301.378 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.001 |
0.001 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
2342.493 |
2145.394 |
|
(d)
Cash and cash equivalents |
|
15.815 |
12.859 |
|
(e)
Short-term loans and advances |
|
244.251 |
255.006 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2602.560 |
2413.260 |
|
|
|
|
|
|
TOTAL |
|
2879.957 |
2714.638 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations – Gross Receipt |
|
53.430 |
18.021 |
|
|
|
Other Income |
|
243.824 |
76.887 |
|
|
|
TOTAL |
|
297.254 |
94.908 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
|
12.756 |
4.684 |
|
|
|
Other expenses |
|
82.568 |
17.526 |
|
|
|
TOTAL |
|
95.324 |
22.210 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
201.930 |
72.698 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
192.242 |
64.038 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
9.688 |
8.660 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
2.055 |
1.689 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
7.633 |
6.971 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
2.018 |
2.139 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
5.615 |
4.832 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
|
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
|
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
16002.43 |
43453.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
0.02 |
0.01 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
1.59 |
0.67 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.95 |
0.95 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
18.01 |
15.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
18.54 |
18.25 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.93 |
0.83 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
1.05 |
1.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
10.51 |
26.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
0.19 |
0.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
4.13 |
3.70 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.03 |
1.01 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
1.03 |
1.01 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.05 |
0.05 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
326.67 |
272.83 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.03 |
1.01 |
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 |
|
Partner’s Capital |
7.500 |
7.500 |
|
Reserves & Surplus |
122.922 |
128.536 |
|
Net
worth |
130.422 |
136.036 |
|
long-term borrowings |
203.572 |
221.330 |
|
Short term borrowings |
1842.671 |
2228.689 |
|
Total
borrowings |
2046.243 |
2450.019 |
|
Debt/Equity
ratio |
15.689 |
18.010 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
18.021 |
53.430 |
|
|
|
196.487 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
18.021 |
53.430 |
|
Profit |
4.832 |
5.615 |
|
|
26.81% |
10.51% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
INDEX OF CHARGES:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
M00841221 |
100016193 |
YES BANK LIMITED |
29/02/2016 |
- |
- |
196000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI MUMBAI CITY MH 400018 IN |
|
2 |
M00781997 |
100016060 |
YES BANK LIMITED |
24/02/2016 |
- |
- |
196000000.0 |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI MUMBAI CITY MH 400018 IN |
UNSECURED LOANS
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From partners |
63.284 |
50.880 |
|
From relatives of
partner |
46.973 |
41.982 |
|
From others |
51.356 |
46.716 |
|
|
|
|
|
Total |
161.613 |
139.578 |
CHANGE OF ADDRESS:
As claimed by Ms. Rovina (Receptionist) that the Registered address of the
company has been shifted from 1A/1B, Kaliash Towers, A Wing, Western
Express Highway, Andheri (East), Mumbai – 400069, Maharashtra, India to the present
address but not registered in Government Registry.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Bank Guarantee
given to: |
|
|
|
Reliance Industries Limited |
100.000 |
100.000 |
FIXED ASSETS:
Tangible Assets
· Motor Car
·
Furniture
·
Computer
·
Office Premises
· Plant and Machinery
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 64.28 |
|
UK Pound |
1 |
INR 89.02 |
|
Euro |
1 |
INR 78.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
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.