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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

491015

Report Date :

19.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL INDIAN INTERNATIONAL SCHOOL

 

 

Registered Office :

Elpro International Compound, Shridhas Nagar, Entrance From Chinchwad, Pune-411033, Maharashtra

Tel No.:

91-20-67333500 [30 Lines]

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Year of Establishment :

2002

 

 

Capital Investment :

Not Divulged

 

 

IEC No.:

Not Divulged

 

 

GST No.:

Not Divulged

 

 

TIN No.:

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

Not Divulged

 

 

Legal Form :

Educational Institution

 

 

Line of Business :

Providing Educational Services. [From Indirect Sources]

 

 

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 :

Global India International School is an educational institution established in the year 2002. It is engaged in providing educational services.


It has an international network of 20 campuses across 7 countries which includes Singapore (Queenstown, East Coast, and Balestier), Malaysia (Kuala Lumpur), India (Hyderabad, Pune, Surat, Ahmedabad, Noida, Bangalore, and Indore), UAE (Abu Dhabi), Thailand (Bangkok), Vietnam (Ho Chi Minh) and Japan (Nischi Kasai).


It is a day boarding school offering India's CBSE curriculum for Standard 1 to 12, as well as International Baccalaurate (IB) Diploma Programme.

 
It provides facilities such as swimming pool, dance room, gymnasium, music rooms, hostels, health and medical check-up, skating, library, etc.


Payment seems to be usually correct.


In view of aforesaid, the subject 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 subject on the given address.


At the premises, our executive met Security Guard and he provided contact number 020-67333555 but he did not allow our executive to enter the premises.

Further, our executive enquired with neighbour company (Elpro and Mahle) and they confirmed that the subject is situated on the given premises since 4 – 5 years.


As per our executive’s observation, it is a 5 storey building and the entire building belongs to the subject. Locality seems to be commercial and area appears to be upmarket.

 
Location was easy to find and we have sighted subject’ name board.

 

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

(30.09.2017)

Current Rating

(31.12.2017)

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

 

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 BY

 

Name :

Mr. Sandesh

Designation :

Not Divulged

Contact No.:

91-20-67333555

Date :

16.02.2018

 

[Given number 022-27352211 is incorrect number]

 

[Given E-Mail anilshah@hindcharitytrust.org does not belongs to the subject company]

 

 

LOCATIONS

 

Registered Office :

Elpro International Compound, Shridhas Nagar, Entrance From Chinchwad, Pune-411033, Maharashtra, India

Tel. No.:

91-20-67333500 (30 Lines)/ 67333555

Fax No.:

Not Available

E-Mail :

reception.chinchwad@globalindianschool.org

Website :

http://www.giischinchwad.org

Locality :

Commercial [As per site visit]

 

 

Campus :

Global Indian International School (GIIS) - Hyderabad (Uppal) Campus, India

Survey No. 8 & 9, Peerjadiguda,  Uppal Mandal,   Hyderabad – 39, Telangana, India 

Tel. No.: 91-40-65353535

Email: admissions@hyd.globalindianschool.org

 

Global Indian International School (GIIS) - Surat Campus, India

School Site Office:

Chalthan, Near Toll Naka,  Kadodara - Mumbai NH 8 (Next to Choki Dhani Restaurant), Surat, Gujarat, India

Tel. No.: 91-261-6444267/ 6444268.

 

Global Indian International School (GIIS) - Noida Campus, India

D-5, Sector 71, Noida Uttar Pradesh, India

Tel. No.:91-120-6605800

 

Global Indian International School (GIIS) - Indore Campus, India

Global Indian International School NH 59, 7th K.M. Indore - Ahmedabad Road (Dhar Road) Sinhasa, Indore- 452 002, Madhya Pradesh, India

 

Global Indian International School (GIIS) - Bangalore Campus, India

No-5,6,8 Heggondahalli Village, Whitefield Sarjapur Main Road, Gunjur Post, Bangalore-560087, Karnataka, India

Tel. No.: 91-80-30406300

 

Global Indian International School (GIIS) - Ahmedabad Campus, India

Godrej Garden City,  Behind Nirma University,  Off S.G. Highway, Jagatpur,
Ahmedabad – 382470,
Gujarat, India

Email: admissions.ahmedabad@globalindianschool.org

 

 

MANAGEMENT

 

Name :

Dr. Justice C.S. Dharmadhikari

Designation :

Co-Founder and Patron

 

 

Name :

Mr. Chandrakant Borde

Designation :

President and Co-founder, Global Schools Foundation

Profile :

He is a legendary cricketer and has been a towering figure in the field of sports from decades. Being an all-rounder, Mr Borde had an illustrious cricketing career in the Indian Cricket Team from 1958 to 1970. In his vast career span, he served as the chairman of the National Selection Committee and as the manager of the Indian Cricket Team following the 2007 World Cup.

For his contributions in sports, Mr Borde has been honoured with Padma Shri in 1969, Arjuna Award in 1966, as well as Padma Bhushan (one of India's highest civilian awards) in 2002. Under his mentorship, the Chandu Borde Global Cricket Academy (CBGCA) has been launched at Global Indian International School's campuses in India.

 

 

Name :

Mr. Aftab Seth

Designation :

Vice-President, Global Schools Foundation

Profile :

Former Indian Ambassador, Mr. Seth has a long and distinguished career in the Indian Foreign Service. He has been the Ambassador of India to countries like Japan, Vietnam, and the Federal States of Micronesia.

After joining India’s Ministry of External Affairs, Ambassador Seth served in embassies and consulates in Beirut, Cairo, Hamburg, Jakarta and Karachi. Ambassador Seth received a BA (Honours) from St. Stephen's College at Delhi University, and an MA from Christ Church College at University of Oxford where he was a Rhodes Scholar. He has been felicitated with the honorary doctorate degree from the American College of Greece.

 

 

Name :

Mr. Tan Sri Datuk Seri Mohd Hussin bin Abdul Hamid

Designation :

Vice-President, Global Schools Foundation

Profile :

He is the Chairman of the Advisory Board Malaysia. Tan Sri has a vast banking experience, having served as an Executive at Standard Chartered Bank for over 30 years before moving on to become the Chairman of MIMB Investment Bank Berhad, Chairman of EONCAP Islamic Banking Berhad.

He also holds Directorship in EON Bank Berhad, and Government owned-banks, viz. Bank Industri & Teknologi Malaysia Berhad, Export-Import Bank of Malaysia Berhad and Malaysia Debt Ventures Berhad. He is the former Chairman Naza/TTDI Properties Berhad and currently serves as an Independent Director in thirteen companies within the Naza/TTDI Group.

 

 

Name :

Mr. N R Narayana Murthy

Designation :

Patron, Global Schools Foundation

 

 

Name :

Mr. Basdeo Panday

Designation :

Patron, Global Schools Foundation

 

 

Name :

Dr. Karan Singh

Designation :

Patron, Global Schools Foundation

 

 

GOVERNING BOARD

Name :

Mr. Maneesh Tripathi

Designation :

Board Member

Profile :

He is brings vast experience of working in various multinational companies across six different countries. Mr Tripathi currently runs a billion dollar-plus listed companies (as CEO) and has a strong background in product innovation, customer needs, business management, governance, and people management. By creating value for stakeholders, he takes prides on taking responsibility and carrying out commitments fearlessly.

 

 

Name :

Mr. Subodh Gore

Designation :

Governing Board Member

Profile :

He is a Chartered Accountant and a Company Secretary with over 25 years of experience. He brings with him rich experience in finance, controlling and mergers & acquisition. Mr Gore has been associated with the Global Schools Foundation since its establishment in 2002 as a Founding Trustee. Currently, he is the Managing Director (India) at Hoerbiger.

 

 

ADVISORY BOARD

·         Mr. F C Kohli, Advisory Board – International

·         Mr. Arjun Malhorta, Advisory Board - International

·         Mrs. Shabana Azmi, Advisory Board - International

·         Mr. Ashok Soota, Advisory Board - International

·         Dr. Karan Singh Thakral, Advisory Board - International

·         Prof. Ralph Tabberer , Board of International Studies

·         Mr. Laurie Ince, Board of International Studies

·         Mr. Gregor Polson, Board of International Studies

·         Mr. Kotaro Tamura, Advisory Board - Japan

·         Mr. Ambassador K Kesavapany, Advisory Board - Singapore

·         Mr. Boon Yoon Chiang, Advisory Board - Singapore

·         Mrs. Kirtida Mekani, Advisory Board - Singapore

·         Mr. Abdullatif Almulla, Advisory Board - United Arab Emirates

·         Lt. Gen. (Retd) Sudhir Sharma, Advisory Board – India

·         Rajagopalan Sundar, Advisory Board - India

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Educational Services. [From Indirect Sources]

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

Customers :

Reference:

Not Divulged

Name of the Person (Designation):

--

Contact Number:

--

Since how long known:

--

Maximum limit dealt:

--

Experience:

--

Remark

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

 

Bank Name:

Not Divulged

Branch:

Not Divulged

Person Name (with Designation):

--

Contact Number:

--

Name of Account Holder:

--

Account Number:

--

Account Since (Date/ Year of A/c Opening):

--

Average Balance Maintained (Optional):

--

Credit Facilities Enjoyed (CC/OD/Term Loan):

--

Account Operation:

--

Remarks:

--

 

 

 

Auditors :

Not Divulged

 

 

Memberships :

Not Divulged

 

 

Collaborators :

Not Divulged

 

 

Associates/Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

Capital Investment :

 

Owned :

Not Divulged

Borrowed :

Not Divulged

Total :

Not Divulged

 

 

FINANCIAL ANALYSIS

[all figures are in INR Million]

 

NOT DIVULGED

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 


 

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

Yes

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

No

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

No

17

Details of sister concerns

No

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

No

24

Capital in the business

No

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

No

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

No

30

Major shareholders, if available

No

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

 


 

OBSERVATION POINTS

 

Name of Company :

GLOBAL INDIAN INTERNATIONAL SCHOOL

 

 

Address :

Elpro International Compound, Shridhas Nagar, Chinchwad Link Road, Pune-411033, Maharashtra, India

Contact No.:

91-20-67333555

 

 

Date of Visit :

14.02.2018

 

 

Person to whom we met:

Security Guard

 

 

Name Board :

Sighted

 

 

Location:

Easy

 

 

Landmark (If Any):

Elpro Company

 

 

Total Floors of the Building :

5 Floors

 

 

Subject situated on:

Whole Building

 

 

Locality:

Commercial

 

 

Area :

Upmarket

 

 

Neighbours Interview :

Further, our executive enquired with neighbour company (Elpro and Mahle) and they confirmed that the subject is situated on the given premises since 4 – 5 years.

 

 

Proof of visit:

Photos

 

 

WEBSITE DETAILS:

 

GLOBAL INDIAN INTERNATIONAL SCHOOL (GIIS)

 

Global Indian International School (GIIS) - established under the guiding principles of Global Schools Foundation - is an international network of award-winning schools with 20 campuses across 7 countries, including Singapore, Malaysia, India and Japan. Known for its learner-centric and skill-based curricula, GIIS offers holistic learning and personality development opportunities for students.

 

GIIS has been honoured with several international and national awards over a span of 5 years for achieving excellence in school education. The school promotes a strong multicultural environment and has students from diverse nationalities enrolled across its campuses.

 

GIIS is a preferred international school offering curricula for Kindergarten to Year 12 education, including International Baccalaureate Diploma Programme (IBDP), International General Certificate of Secondary Education (IGCSE), Central Board of Secondary Education (CBSE), and Global Montessori Plus programme.

 

 

HOLISTIC EDUCATION

 

The Global School Nine Gems model is a proprietary tool, which is an integrated holistic approach towards facilitating all-round character building and learning opportunities for students.

 

The model balances academics with personality development, nurturing values and qualities of leadership & entrepreneurship, excelling in sports and performing arts, and instilling ethics & discipline with the spirit to serve.

 

 

The academic calendar and extra-curricular activitiesat GIIS are planned in a manner to provide students with enriching learning opportunities towards developing their overall personality. The Global School Nine Gems model acts as a catalyst for delivering a holistic educational experience for students across all levels.

 

INTERNATIONAL PRESENCE

 

With an international network of 20 schools across 7 countries, Global Indian International School has been able to replicate best practices in academics, education excellence and teaching methodologies seamlessly throughout its campuses. Students of various nationalities across GIIS campuses benefit from knowledge-exchange sessions and e-learning activities conducted on a regular basis.

 

 

EDUCATION EXCELLENCE AWARDS

 

Recognition of GIIS’ performance standards by national and international organisations holds a special and significant meaning for the management, staff, parents and students. Since its inception in 2002, the school set its focus on providing quality education to students. In order to achieve this, GIIS undertook conscious steps to instil efficiency and effectiveness in its management processes, operational methodologies and curriculum delivery. This not only enabled GIIS to internalise a process-driven culture, but also synchronise and replicate strong operational practices across its campuses worldwide.


GIIS schools have been honoured with several international and national awards over a span of 6 years for achieving excellence in school education. Recognised for imparting education using benchmarked quality practices, GIIS is committed to a well-rounded and holistic approach for nurturing young minds for a better tomorrow.

 

WINNER OF 59 NATIONAL AND INTERNATIONAL AWARDS FOR INNOVATION AND EXCELLENCE IN SCHOOL EDUCATION | 2008 – 2016

 

·         Asia Responsible Entrepreneurship Award 2016 (Winner: ‘Investment in

·         Golden Peacock Innovative Product / Service Award 2016

·         MQH Best Practices Competition 2016 (Winner: Overseas Category), Indian Merchants’ Chamber Ramkrishna Bajaj National Quality Award Trust,

·         World Education Award 2016 from Elets Technomedia (9 GEMS Framework duly supported by 7S Analysis for Academic Results Prediction and Planning)

·         World Education Award 2016 | Trophy – From 6th Elets & Dubai Knowledge (Pro-active initiative in Education supported under Corporate Social Responsibility)

·         IMC RBNQA Performance Excellence Award 2015 (Overseas Category)

·         Top 4 Finalist - Runner-up at 4th Global Benchmarking Award 2015

·         Qualifier - Assessed as a Top 23 Best Practice and placed 3rd at 4th International Best Practice Competition 2015

·         Global Performance Excellence Award World Class 2015

·         Global Performance Excellence Award World Class 2015

·         Global Performance Excellence Award Best in Class 2015

·         Third Prize at Team Excellence Exchange Contest for SMILE to Excellence to inspear – 21st Asia Pacific Quality Conference 2015

·         Encouragement Prize at Team Excellence Exchange Contest for Peace Ambassadors – 21st Asia Pacific Quality Conference 2015

·         Golden Peacock Innovative Product / Service 2015

·         Making Quality Happen (MQH) Best Practices Competition 2015 Winner

·         3 Stars Awarded for Quality Circle (QC): "An Enemy called Average" at Team Excellence Competition - 20th Asia Pacific Quality Conference 2014

·         2 Stars awarded for Student Quality Circle (QC) presentation: “Challenges in Facing The Real World” at Team Excellence Competition 2014 – 20th Asia Pacific Quality Conference

·         IMC RB National Quality Award 2014

·         Singapore Quality Class Star 2014

·         Special Commendation for Golden Peacock Innovation Management Award 2014

·         Global Performance Excellence Award World Class 2014

·         Global Performance Excellence Award World Class 2014

·         Global Performance Excellence Award Best in Class 2014

·         Golden Peacock Innovative Product / Service Award 2014

·         IMC RB National Quality Award Performance Excellence 2013

·         2nd Global Benchmarking Award 2013 Finalist

·         2nd International Best Practice Competition 2013 Top Four Finalist and Runner-Up

·         Golden Peacock HR Excellence Award 2013

·         Golden Peacock Eco-Innovation Award 2013

·         Global Performance Excellence Award World Class 2013

·         Global Performance Excellence Award Best in Class 2013

·         Global Performance Excellence Award Quest for Excellence 2013

·         Special Commendation for Golden Peacock Business Excellence Award 2013

·         IMC RB National Quality Award 2012

·         Golden Peacock Innovative Product / Service Award 2012

·         Singapore Quality Class 2012

·         Singapore Quality Class 2012

·         Global Performance Excellence Award World Class 2012

·         Global Performance Excellence Award Best in Class 2012

·         Global Performance Excellence Award Quest for Excellence 2012

·         IMC RB National Quality Award Performance Excellence Trophy 2011

·         Global Performance Excellence Award World Class 2011

·         Global Performance Excellence Award Best in Class 2011

·         Global Performance Excellence Award Quest for Excellence 2011

·         Singapore Quality Class 2011

·         Singapore Quality Class 2011

·         Singapore Quality Class Star 2010

·         IMC RB National Quality Award 2010

·         Asia Responsible Entrepreneurship Award 2010

·         International Asia Performance Quality Award Best in Class 2010

·         Industry Excellence Award 2009

·         International Asia Performance Quality Award Best in Class 2009

·         Singapore Quality Class 2008

·         IMC RB National Quality Award Performance Excellence 2008


 

 

 


 

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

Indian Rupees

US Dollar

1

INR 63.91

UK Pound

1

INR 90.31

Euro

1

INR 80.17

 

 

INFORMATION DETAILS

 

Information Gathered by :

SHA

 

 

Analysis Done by :

PRY

 

 

Report Prepared by :

IND

 


 

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

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)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.