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|
|
MIRA
INFORM REPORT
|
Report No. : |
492360 |
|
Report Date : |
16.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
SAI APPLIED TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SAI
TECHNOLOGIES |
|
|
|
|
Registered Office
: |
Shed No. 230, GIDC, Makarpura Road, Vadodara - 390010, Gujarat |
|
Tel. No.: |
91-265-2652620/ 2634655 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
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|
Date of
Incorporation : |
09.05.2014 |
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|
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|
Com. Reg. No.: |
04-079526 |
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Capital
Investment / Paid-up Capital : |
INR 34.524 Million |
|
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|
|
CIN No.: [Company Identification
No.] |
U72200GJ2014PTC079526 |
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IEC No.: |
Not Divulged |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAUCS5879E |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing of consultancy, advisory and all related support services in all areas of technologies including computer hardware, consumer hardware and to act as engineering automation solutions provider in all kinds of Engineering works, Infrastructure projects ranging from Water & Waste water management projects to nonconventional energy production projects such as Solar Energy projects as well as Oil and Gas pipelines and Effluent Treatment plants and applied technologies as per clients requirements. (Registered Activity) |
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|
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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 |
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|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2014 and it is having
satisfactory track records. For the financial year 2017, the company has marginal increased in its
revenue from operation and maintained decent profitability margin of 7.60%. Rating takes into consideration sound financial profile of the company
marked by adequate networth base and low debt balance sheet. Further, rating also reflects from its experience of the promoters and
marginal improvement in the profitability during the year. Trade relations are reported as fair. Business is active. Payments are
seems to be usually correct. The company 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 |
CARE |
|
Rating |
Long term Rating (BB+) (Issuer Non-Cooperative) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
02.05.2017 |
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 16.02.2018
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
Management non-cooperative (Tel No.: 91-265-2652620/ 2634655)
91-265-2313074 (Ringing)
LOCATIONS
|
Registered Office : |
Shed No. 230, GIDC, Makarpura Road, Vadodara - 390010, Gujarat, India |
|
Tel. No.: |
91-265-2652620/ 2634655 |
|
Fax No.: |
91-265-2646971 |
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E-Mail : |
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Website : |
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DIRECTORS
As on 31.03.2017
|
Name : |
Mrs. Sucharitha Prakash Jambur |
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|
Designation : |
Director |
||||||||
|
Address : |
A8, Anugrah, Samarajya-II, Munjmahuda Road, Akota,
Vadodara – 390020, Gujarat, India |
||||||||
|
Date of Appointment : |
09.05.2014 |
||||||||
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DIN No: |
00195012 |
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Other Directorship:
|
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|
|
||||||||
|
Name : |
Mr. Prakash Ramanna Jambur |
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|
Designation : |
Director |
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|
Address : |
A8, Anugrah, Samarajya-II, Munjmahuda Road, Akota,
Vadodara – 390020, Gujarat, India |
||||||||
|
Date of Appointment : |
09.05.2014 |
||||||||
|
DIN No: |
00477345 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sucharitha Prakash Jambur |
150000 |
4.34 |
|
Prakash Ramanna Jambur |
3202400 |
92.76 |
|
Kishan Prakash Jambur |
100000 |
2.90 |
|
Total |
3452400 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Providing of consultancy, advisory and all related support services in all areas of technologies including computer hardware, consumer hardware and to act as engineering automation solutions provider in all kinds of Engineering works, Infrastructure projects ranging from Water & Waste water management projects to nonconventional energy production projects such as Solar Energy projects as well as Oil and Gas pipelines and Effluent Treatment plants and applied technologies as per clients requirements. (Registered Activity) |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Alkesh J Shah and Company Chartered Accountants |
|
Address : |
203, Opel Square, Behind Hotel Express Alkapuri, Vadodara – 390005, Gujarat,
India |
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Mobile No.: |
91-9825028121 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ABWPS4338J |
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Memberships No: |
038932 |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
INR 10/- each |
INR 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3452400 |
Equity Shares |
INR 10/- each |
INR 34.524 Million |
|
|
|
|
|
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 |
|
|
|
|
(a) Share Capital |
34.524 |
34.524 |
33.324 |
|
(b) Reserves & Surplus |
25.612 |
14.068 |
4.576 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
60.136 |
48.592 |
37.900 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.216 |
1.563 |
2.735 |
|
(b) Deferred tax liabilities (Net) |
(0.659) |
(0.483) |
(0.168) |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
(0.443) |
1.080 |
2.567 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
21.577 |
23.533 |
12.232 |
|
(b) Trade
payables |
35.587 |
53.829 |
21.037 |
|
(c) Other
current liabilities |
0.136 |
0.033 |
0.085 |
|
(d) Short-term
provisions |
1.908 |
2.763 |
1.425 |
|
Total Current
Liabilities (4) |
59.208 |
80.158 |
34.779 |
|
|
|
|
|
|
TOTAL |
118.901 |
129.830 |
75.246 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
11.557 |
13.470 |
15.758 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
2.233 |
1.371 |
0.681 |
|
Total Non-Current
Assets |
13.790 |
14.841 |
16.439 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3.468 |
5.510 |
11.136 |
|
(c) Trade
receivables |
76.544 |
95.125 |
34.895 |
|
(d) Cash
and cash equivalents |
25.099 |
14.354 |
12.776 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
105.111 |
114.989 |
58.807 |
|
|
|
|
|
|
TOTAL |
118.901 |
129.830 |
75.246 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
151.976 |
151.078 |
102.716 |
|
|
Other Income |
1.916 |
1.425 |
1.227 |
|
|
TOTAL |
153.892 |
152.503 |
103.943 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
102.480 |
102.243 |
73.922 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.349 |
0.338 |
(1.318) |
|
|
Employees benefits
expense |
18.318 |
14.735 |
11.824 |
|
|
Other expenses |
12.495 |
17.036 |
6.991 |
|
|
TOTAL |
133.642 |
134.352 |
91.419 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
20.250 |
18.151 |
12.524 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.127 |
1.546 |
2.613 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
19.123 |
16.605 |
9.911 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.684 |
2.312 |
2.147 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
17.439 |
14.293 |
7.764 |
|
|
|
|
|
0.000 |
|
Less |
TAX |
5.894 |
4.801 |
2.555 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
11.545 |
9.492 |
5.209 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.34 |
2.75 |
1.56 |
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) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
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) |
183.84 |
229.82 |
124.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
1.99 |
1.59 |
2.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
126.75 |
192.17 |
103.87 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
5.84 |
3.29 |
1.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.75 |
1.35 |
0.79 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.50 |
0.63 |
0.50 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.36 |
0.52 |
0.39 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.98 |
1.65 |
0.92 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.19 |
0.28 |
0.42 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
17.97 |
11.74 |
4.79 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.60 |
6.28 |
5.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.71 |
7.31 |
6.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
19.20 |
19.53 |
13.74 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.78 |
1.43 |
1.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.72 |
1.37 |
1.37 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.51 |
0.37 |
0.50 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.63 |
0.73 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.78 |
1.43 |
1.69 |
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 |
33.324 |
34.524 |
34.524 |
|
Reserves & Surplus |
4.576 |
14.068 |
25.612 |
|
Net
worth |
37.900 |
48.592 |
60.136 |
|
|
|
|
|
|
long-term borrowings |
2.735 |
1.563 |
0.216 |
|
Short term borrowings |
12.232 |
23.533 |
21.577 |
|
Total
borrowings |
14.967 |
25.096 |
21.793 |
|
Debt/Equity
ratio |
0.395 |
0.516 |
0.362 |
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 |
102.716 |
151.078 |
151.976 |
|
|
|
47.083 |
0.594 |
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 |
102.716 |
151.078 |
151.976 |
|
Profit |
5.209 |
9.492 |
11.545 |
|
|
5.07% |
6.28% |
7.60% |
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 |
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 |
No |
|
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 |
-- |
|
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/ 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 |
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 |
BRIEF DESCRIPTION OF THE COMPANY'S
WORKING DURING THE YEAR/STATE OF COMPANY'S AFFAIR:
The company’s gross revenue has increased to INR 151.976 million from INR 151.078 million and profit after tax has increased to INR 11.545 million from INR 9.492 million
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C60683786 |
10520526 |
BANK OF BARODA |
16/09/2014 |
27/07/2015 |
- |
70000000.0 |
GIDC MAKARPURA BRANCH, MAKARPURA, VADODARA-390010, GUJARAT, INDIA |
|
2 |
C60543592 |
10518517 |
BANK OF BARODA |
02/09/2014 |
21/07/2015 |
- |
70000000.0 |
GIDC MAKARPURA BRANCH, MAKARPURA, VADODARA-390010, GUJARAT, INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and
Machinery
- Vehicle
- Computer
Accessories
- Computer
Software
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 64.13 |
|
|
1 |
INR 89.17 |
|
Euro |
1 |
INR 79.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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.