|
|
|
MIRA
INFORM REPORT
|
Report No. : |
482233 |
|
Report Date : |
20.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRASAD INDUSTRIES |
|
|
|
|
Registered
Office : |
Plot No. D-20, M.I.D.C., Waluj, Aurangabad – 431136, Maharashtra |
|
Mobile No.: |
91-9552515588 (Mr. Arun Vaiju Birje) |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
01.06.2006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 95.707 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable |
|
|
|
|
C.S.T.R.C./TIN
No.: |
27390553070C |
|
|
|
|
M.V.A.T. R.C.
No.: |
27390553070V |
|
|
|
|
PAN No.: [Permanent Account No.] |
AFOPB5926K |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AFOPB5926K1Z4 |
|
|
|
|
Excise Regd.
No.: |
AFOPB5926KXM001 |
|
|
|
|
Shop & Establishment Certificate No. |
-- |
|
|
|
|
Udyog Aadhar
No.: |
MH26A0031598 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturing
of Vehicle Parts. |
|
|
|
|
No. of Employees
: |
8 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietorship concern established in the year 2006 and it is a manufacturer of vehicle parts. As per financials of March 2017, the subject has registered sharp decline in its sales turnover and has reported decent profit margin of 8.00%. Rating takes into consideration the subject’s small scale of business operations marked by moderate capital base along with average debt coverage indicators and unfavorable gap between its trade payables to its trade receivables. Payment seems to be slow but correct. In view of aforesaid, the subject can considered for business operations with some caution. Note: Site visit was conducted at the factory address of the subject. Our executive has successfully traced the subject at the address. At the premises, our executive had met Mr. Arun Birje (CEO) and he provided his contact details (09552515588). As per our executive’s observation, it is a shed type premises and area of the premises is 10,000 SQ FT. Location is easy to find and locality seems to be commercial. Area seems to be upmarket and 8 employees were sighted at the premises. Landmark- Near Jyotiba Temple. During the visit, our executive met the neighbor companies (Arvind Ispat Trading Co and Shree Gajanan Engineering Works) who confirmed that the subject and they both gave positive response about the subject. Name board of the subject was sighted at the premises. |
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 20.02.2018
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 PARTED BY
|
Name : |
Mr. Arun Vaiju Birje |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9552515588 |
|
Date : |
17.02.2018 |
LOCATIONS
|
Registered Office : |
Plot No. D-20, M.I.D.C., Waluj, Aurangabad – 431136, Maharashtra,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9552515588 (Mr. Arun Vaiju Birje) 91-9552515582 (Mr. Sanjay) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
Not Available |
|
|
|
|
Factory : |
Gat No.95, Sonawane Wasti, Jotibanagar, Talewadi, Pune – 412114,
Maharashtra, India |
|
Area : |
10000 Sq. ft. (As per site visit) |
|
Locality : |
Commercial (As per site visit) |
SOLE PROPRIETOR
|
Name : |
Mrs. Shital Arun Birje |
|
Designation : |
Proprietor |
|
Address : |
F/6, Kasliwal Heritage, Near HP Gas, Wadgaon Kolhati, Aurangabad –
431136, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1973 |
|
Aadhar No.: |
3270 8742 5793 |
|
PAN No.: |
AFOPB5926K |
KEY EXECUTIVES
|
Name : |
Mr. Arun Vaiju Birje |
|
Designation : |
Chief Executive Officer |
|
Address : |
F/6, Kasliwal Heritage, Near HP Gas, Wadgaon Kolhati, Aurangabad –
431136, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1968 |
|
Aadhar No.: |
4411 9861 4323 |
|
PAN No.: |
ABNPB3464H |
|
Mobile No.: |
91-9552515588 |
|
|
|
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Department |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
of Vehicle Parts. |
|
|
|
|
Products : |
Vehicle
Parts |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit and L/C |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Haridarshan Steel, Pune ·
Pratap Re-Rollers Private Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers, Wholesalers and End Users ·
Badve Autotech Private Limited, Ahmedabad ·
Omkar Engineering Works, Aurangabad ·
Badve Engineering, Ahmedabad |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
8 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
W K D and Associates Chartered Accountants |
|
Address : |
Office Plot No.35/B, Firous Garden Behind Chinar Garden Padegaon, Aurangabad
– 431002, Maharashtra, India |
|
Mobile No.: |
91-9326268841 |
|
Membership No.: |
171050 |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
As on 31.03.2017
|
Particulars |
Amount [INR in Lacs] |
|
Capital Account |
|
|
Shital Arun Birje |
|
|
Balance as per last Balance Sheet |
64.440 |
|
Add : Adj. U/s Loan Guruprasad Ind. |
28.065 |
|
Add : Profit During the year |
4.166 |
|
Less : School Fees |
(0.312) |
|
Less : Drawings |
(0.652) |
|
Total |
95.707 |
FINANCIAL DATA
[all figures are
INR Lacs]
ABRIDGED
BALANCE SHEET
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
|
SOURCES OF
FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Proprietor’s Capital |
|
95.707 |
64.440 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
(87.134) |
(87.134) |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
8.573 |
(22.694) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
36.598 |
46.575 |
|
|
2] Unsecured Loans |
|
43.943 |
77.934 |
|
|
TOTAL
BORROWING |
|
80.541 |
124.509 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
89.114 |
101.815 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
52.649 |
55.650 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
7.976 |
5.102 |
|
|
Sundry Debtors |
|
68.872 |
136.540 |
|
|
Cash & Bank Balances |
|
1.589 |
1.408 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans, Advances & Deposits |
|
0.391 |
0.425 |
|
Total Current Assets |
|
78.828 |
143.475 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
24.694 |
87.235 |
|
|
Other Current Liabilities |
|
17.459 |
18.142 |
|
|
Provisions |
|
0.210 |
(8.067) |
|
Total Current Liabilities |
|
42.363 |
97.310 |
|
|
Net Current
Assets |
|
36.465 |
46.165 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
89.114 |
101.815 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
52.081 |
99.694 |
|
|
Other Income |
|
6.008 |
8.966 |
|
|
TOTAL
|
|
58.089 |
108.660 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
26.251 |
58.472 |
|
|
Electricity Charges |
|
0.852 |
1.319 |
|
|
Jobwork Purchase |
|
12.365 |
18.911 |
|
|
Factory Expenses |
|
0.251 |
0.758 |
|
|
Transport and Octroi |
|
0.653 |
1.990 |
|
|
Wages |
|
2.023 |
2.953 |
|
|
Water Charges |
|
0.154 |
0.238 |
|
|
Audit Fees |
|
0.000 |
0.250 |
|
|
Salary |
|
1.253 |
0.000 |
|
|
Provident Fund |
|
0.000 |
0.800 |
|
|
Consolation Charges |
|
0.000 |
0.123 |
|
|
Insurance |
|
0.198 |
0.000 |
|
|
Printing and Stationery |
|
0.086 |
0.000 |
|
|
Typing and Xerox |
|
0.015 |
0.000 |
|
|
Office Expenses |
|
0.075 |
0.000 |
|
|
Local Conveyance |
|
0.431 |
0.000 |
|
|
Repairs and Maintenance |
|
0.052 |
0.660 |
|
|
Telephone and Mobile Charges |
|
0.097 |
0.357 |
|
|
Worker Welfare Expenses |
|
0.053 |
0.631 |
|
|
Professional Fees |
|
0.000 |
0.250 |
|
|
TOTAL |
|
44.809 |
87.712 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, DEPRECIATION AND AMORTISATION |
|
13.280 |
20.948 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
6.113 |
11.782 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE, DEPRECIATION AND AMORTISATION |
|
7.167 |
9.166 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
3.001 |
3.531 |
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
|
4.166 |
5.635 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
482.68 |
499.90 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
0.76 |
0.73 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
343.35 |
544.55 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
1.66 |
4.11 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.25 |
0.38 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.93 |
1.11 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
9.39 |
(5.49) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
10.07 |
(7.72) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
6.14 |
(2.45) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
2.17 |
1.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
|
8.00 |
5.65 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
3.17 |
2.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
48.59 |
(24.83) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
0.91 |
0.82 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.82 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.07 |
(0.11) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.84 |
1.93 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
0.91 |
0.82 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
|
Proprietor’s Capital |
64.440 |
95.707 |
|
Reserves & Surplus |
(87.134) |
(87.134) |
|
Net
worth |
(22.694) |
8.573 |
|
|
|
|
|
Secured Loans |
46.575 |
36.598 |
|
Unsecured Loans |
77.934 |
43.943 |
|
Total
borrowings |
124.509 |
80.541 |
|
Debt/Equity
ratio |
(5.486) |
9.395 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
|
Sales |
99.694 |
52.081 |
|
|
|
(47.759) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
|
Sales |
99.694 |
52.081 |
|
Profit/ (Loss) |
5.635 |
4.166 |
|
|
5.65% |
8.00% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
|
OBSERVATION POINTS |
|
Name of Company : |
PRASAD INDUSTRIES |
|
|
|
|
Address : |
Gat No.95, Sonawane Wasti, Jotibanagar, Talewadi, Pune – 412114,
Maharashtra, India |
|
|
|
|
Mobile No.: |
91-9552515588 |
|
|
|
|
Person to whom we met: |
Mr. Arun Vaiju Birje |
|
|
|
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Jyotiba Temple |
|
|
|
|
Total Floors of the building: |
Shed type premises |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of premises : |
10,000 Sq. Ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
No. of employees seen at premises: |
8 (Approximately) |
|
|
|
|
Visibility of
Items: |
·
Computers ·
Office Equipments |
|
|
|
|
Furniture items
sighted : |
1 Table, 3 Chairs |
|
|
|
|
Neighbour’s
interview : |
Name of Company : Arvind Ispat Trading Co Name of Company : Shree Gajanan Engineering Works Neighbour’s
overview : Existence Confirmed |
|
|
|
|
Proof of visit: |
Photographs Photographs: Exterior with name board / Interior / Shop Floor / Stock etc. |
|
|
|
|
Details of the person conducting visit: |
Name : Sharad Patil Designation : Field Executive
Contact No.: 91-7875545858 |
PICTURES
NEIGHBOUR
UNSECURED LOAN
|
Particulars |
31.03.2017 (INR
in Lacs) |
31.03.2016 (INR
in Lacs) |
|
Guruprasad Industries |
0.000 |
28.065 |
|
Sandeep Gaikwad |
0.000 |
1.776 |
|
S.D. Enterprises |
43.943 |
43.943 |
|
Shubham Industries |
0.000 |
4.150 |
|
Total |
43.943 |
77.934 |
FIXED ASSETS
· Air Conditioners
· Computers
· Furniture
· Industrial Shed
· Land and Building
· Machinery
· Mahindra Maximo
· Mobile Handset
· Motor Cycle
· Printer
· Resi Row House
· Santro Car
· Scorpio
· Tools and Equipments
· Xerox Machine
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 (as on 20.02.2018)
(date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
Analysis Done by
: |
VIV |
|
Report Prepared
by : |
JYTK |
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.
·