|
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|
MIRA INFORM REPORT
|
Report No. : |
492611 |
|
Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
CMP EURO TECHNOPLAST PRIVATE LIMITED |
|
|
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|
Registered
Office : |
Flat No 2, A Wing, Sai Deep III Building, Near Vivekanand School,
Sindhi Society, Chembur, Mumbai – 400071, Maharashtra |
|
Tel. No.: |
91-22-65181234/ 27614921 |
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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
: |
05.12.2013 |
|
|
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|
Com. Reg. No.: |
11-250785 |
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Capital
Investment / Paid-up Capital : |
INR 31.758 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25203MH2013PTC250785 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
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PAN No.: [Permanent Account No.] |
AAFCC5010Q |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
· The company is engaged in production of plastic components / promotional items for the confectionery and toy industries. · Manufacturing of plastic products (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
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 is a subsidiary of “CMP Industrie S.P.A, Italy” incorporated in the year 2013 having satisfactory track record. It is engaged in production of plastic components / promotional items for the confectionery and toy industries. For the financial year 2017, the company has achieved massive growth in its revenue as compared to its previous year and has reflected positive and decent profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base, strong debt protection metrics and comfortable gap between trade payables and trade receivables. Rating continue to derive strength from its established track record of its business operation backed by its strong financial support via equity funding by its holding entity. However, rating strength gets partially offset by vulnerability of its operating margins to volatility in raw material prices and working capital intensive operations. Trade relations are fair. Business is active. Payments seems to be usually correct. In view of aforesaid the company can be considered for business dealings with 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.
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
31-03-2016.
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 19.02.2018
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
Management non-cooperative (Tel No.: 91-22-27614921)
(Tel No.:
91-22-65181234 Continuously Ringing)
LOCATIONS
|
Registered Office : |
Flat No 2, “A” Wing, Sai Deep III Building, Near Vivekanand School, Sindhi Society, Chembur, Mumbai- 400071, Maharashtra, India |
|
Tel. No.: |
91-22-65181234/ 27614921 |
|
Fax No.: |
91-22-27614922 |
|
E-Mail : |
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|
|
|
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Plant: |
Plot “A-99” MIDC, Indapur Industrial Area, Village Loni Devkar, Taluka
Indapur, District Pune – 413132, Maharashtra, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Chetan Mansukhlal Doshi |
|
Designation : |
Director |
|
Address : |
102/12, Milap, Sion (West), Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
20.06.1968 |
|
Date of Appointment : |
05.12.2013 |
|
DIN No.: |
00141265 |
|
|
|
|
Name : |
Giacon Gerado Mauro |
|
Designation : |
Director |
|
Address : |
Via G. Boccaccio, 34/R, Padova, Padova Italy 35100 |
|
Date of Birth/Age : |
12.05.1966 |
|
Date of Appointment : |
17.01.2014 |
|
DIN No.: |
06770090 |
|
|
|
|
Name : |
Spiller Angelo Silvano |
|
Designation : |
Director |
|
Address : |
Via Fasolo, 7/V, Vicenza, Italy 36100 |
|
Date of Birth/Age : |
10.10.1946 |
|
Date of Appointment : |
17.10.2014 |
|
DIN No.: |
06770106 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
CMP Industrie SPA, Italy |
|
2928400 |
|
Silvano Spiller |
|
100 |
|
Chetan Doshi |
|
989352 |
|
Total |
|
3917852 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
25.25240872 |
|
Promoters (Foreign national (other than NRI)) |
0.00255242 |
|
Promoters (Body corporate) |
74.74503886 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· The company is engaged in production of plastic components / promotional items for the confectionery and toy industries. · Manufacturing of plastic products (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 : |
Information denied by the management |
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Bankers : |
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Auditors : |
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|
Name : |
Naren and Company Chartered Accountants |
|
Address : |
Jeevan Sahakar, 2nd Floor, Sir P. M. Road, Fort, Mumbai – 400001,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACPM5755G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
CMP Industrie SpA, Italy |
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Enterprise over which
key management person and his relative have significant influence (Associate
Company) : |
· Chemax Multikotes India Private Limited, India · Studio Lombardi Private Limited, India |
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6500000 |
Equity Shares |
INR 10/- each |
INR 65.000 Million |
|
|
|
|
|
Issued & Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3917852 |
Equity Shares |
INR 10/- each |
INR 39.179 Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2928500 |
Equity Shares (Fully Paid-Up Shares) |
INR 10/- each |
INR 29.285 Million |
|
989352 |
Equity Shares (Partly Paid-Up Shares) |
INR 2.50/- each |
INR 2.473 Million |
|
|
Total |
|
INR 31.758
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 |
31.758 |
29.285 |
20.769 |
|
(b) Reserves & Surplus |
19.497 |
(3.403) |
9.711 |
|
(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) |
51.255 |
25.882 |
30.480 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
312.998 |
316.470 |
136.568 |
|
(b) Deferred tax liabilities
(Net) |
10.311 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
21.118 |
3.747 |
2.053 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
344.427 |
320.217 |
138.621 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
30.473 |
18.810 |
4.195 |
|
(c) Other current liabilities |
35.130 |
57.059 |
12.661 |
|
(d) Short-term provisions |
7.191 |
0.046 |
0.000 |
|
Total
Current Liabilities (4) |
72.794 |
75.915 |
16.856 |
|
|
|
|
|
|
TOTAL |
468.476 |
422.014 |
185.957 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
293.928 |
228.902 |
51.847 |
|
(ii) Intangible Assets |
0.593 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
26.401 |
71.885 |
71.059 |
|
(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 |
9.549 |
1.085 |
|
(d) Long-term Loan and Advances |
6.627 |
0.841 |
0.857 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
327.549 |
311.177 |
124.848 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
32.050 |
32.039 |
3.605 |
|
(c) Trade receivables |
35.952 |
59.216 |
2.568 |
|
(d) Cash and cash equivalents |
61.986 |
5.701 |
50.834 |
|
(e) Short-term loans and
advances |
9.775 |
5.754 |
4.102 |
|
(f) Other current assets |
1.164 |
8.127 |
0.000 |
|
Total
Current Assets |
140.927 |
110.837 |
61.109 |
|
|
|
|
|
|
TOTAL |
468.476 |
422.014 |
185.957 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
398.793 |
162.363 |
2.595 |
|
|
Other Income |
9.732 |
0.548 |
0.000 |
|
|
TOTAL
|
408.525 |
162.911 |
2.595 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
138.099 |
97.593 |
2.219 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
3.933 |
(21.039) |
0.000 |
|
|
Employees benefits expense |
13.799 |
5.877 |
1.350 |
|
|
Manufacturing and Other
expenses |
139.685 |
53.942 |
0.008 |
|
|
Administrative and Other
expenses |
37.206 |
11.867 |
2.035 |
|
|
TOTAL |
332.722 |
148.240 |
5.612 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
75.803 |
14.671 |
(3.017) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.262 |
27.923 |
0.042 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
65.541 |
(13.252) |
(3.059) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
24.265 |
13.022 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
41.276 |
(26.274) |
(3.059) |
|
|
|
|
|
|
|
Less |
TAX |
19.861 |
(8.464) |
(0.944) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
21.415 |
(17.810) |
(2.115) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
24.624 |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
7.31 |
(6.69) |
(1.31) |
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 |
110.462 |
(19.526) |
4.665 |
|
Net cash from operating activity |
110.462 |
(19.526) |
4.665 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
32.91 |
133.12 |
361.20 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
11.09 |
2.74 |
1.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
80.54 |
70.35 |
690.03 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.37 |
0.46 |
-0.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.24 |
0.05 |
-0.02 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.82 |
0.93 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
6.11 |
12.23 |
4.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities
/ Net Worth) |
1.42 |
2.93 |
0.55 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
6.26 |
11.62 |
4.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
7.39 |
0.53 |
(71.83) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.37 |
(10.97) |
(81.50) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.57 |
(4.22) |
(1.14) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
41.78 |
(68.81) |
(6.94) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.94 |
1.46 |
3.63 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.50 |
1.04 |
3.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.11 |
0.06 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.86 |
10.81 |
6.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.94 |
1.46 |
3.63 |
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 |
20.769 |
29.285 |
31.758 |
|
Reserves & Surplus |
9.711 |
-3.403 |
19.497 |
|
Net
worth |
30.480 |
25.882 |
51.255 |
|
|
|
|
|
|
long-term borrowings |
136.568 |
316.470 |
312.998 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
136.568 |
316.470 |
312.998 |
|
Debt/Equity
ratio |
4.481 |
12.227 |
6.107 |
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 |
2.595 |
162.363 |
398.793 |
|
|
|
6156.763 |
145.618 |
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 |
2.595 |
162.363 |
398.793 |
|
Profit/ (Loss) |
(2.115) |
(17.810) |
21.415 |
|
|
(81.50%) |
(10.97%) |
5.37% |
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 |
No |
|
8] |
Designation of contact person |
No |
|
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) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
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 |
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 |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
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 |
CORPORATE INFORMATION
The company was incorporated on 5th day of December, 2013 in Maharashtra, India.
The company is engaged in production of plastic components / promotional items for the confectionery and toy industries. The company is equipped with injection moulding machines and manual assembly lines at the pant situated at lndapur, Pune.
SUMMARY OF
OPERATIONS
During the year total income of the company increased from INR 162.911
million to INR 408.525 million the company also made a profit after tax INR 21.415
million as compared to loss after tax of 17.810 million incurred during the
previous year.
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
CMP Industries SpA (ECB) |
312.898 |
316.370 |
|
Other advances |
0.100 |
0.100 |
|
Total |
312.998 |
316.470 |
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Factory Buildings
- Plant and Machinery
- Leasehold Land
- Software
- Electrical and Other Equipments
- Office Equipment
- Furniture and Fixtures
- Computers
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 63.91 |
|
UK Pound |
1 |
INR 80.17 |
|
Euro |
1 |
INR 90.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.
·