|
|
|
MIRA INFORM REPORT
|
Report No. : |
493979 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
ASUS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
402, Supreme Chambers, 17/18, Shah Industrial Estate, Veera Desai
Road, Andheri (West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-61598600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
05.07.2011 |
|
|
|
|
Com. Reg. No.: |
11-219446 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 335.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72300MH2011FTC219446 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0311034896 |
|
|
|
|
TIN No.: |
27455240853 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCA6450C |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAJCA6450C1ZV |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
· Trading of Mobile Phones, computers, laptop, communications equipment and parts and other electronic gazette · Computer programming consultancy and related activities (Registered Activity) |
|
|
|
|
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “ASUS Technology Pte. Limited, Singapore”. It is an established company incorporated in the year 2011 having good track. For the financial year ended 2017, revenue of the company
has marginally declined but reported growth in its profit and has achieved
profit margin at 0.87% (approximately). The company possesses sound financial profile marked by healthy
networth base with debt free balance sheet of the company. Fundamentals of the company are strong and healthy. The company also derives strength form its strong holding and its
experienced management team. Trade relations are reported as fair. Business is active. Payments
terms are seems to be regular and as per commitment. In view of strong holding support and sound financial base, the company can be considered normal 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.
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 24.02.2018
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.: 91-22-61598600)
LOCATIONS
|
Registered Office : |
402, Supreme Chambers, 17/18, Shah Industrial Estate, Veera Desai
Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-61598600 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Chi Chun Chang |
|
Designation : |
Director |
|
Address : |
4F, No.1, Lane 3, Roughu, 1st Road, Neighborhood 14, Roughu
Village, Beitou District, Taipei City 112, Taiwan |
|
Date of Birth/Age : |
16.11.1979 |
|
Date of Appointment : |
06.09.2013 |
|
DIN No.: |
06459154 |
|
|
|
|
Name : |
Sy Ru Hwang |
|
Designation : |
Director |
|
Address : |
4F, No. 32, Ln. 280, Sec. 7, Chengde Road, Beitou District
Taipei City 112 Taiwan |
|
Date of Appointment : |
08.04.2016 |
|
DIN No.: |
07490027 |
|
|
|
|
Name : |
Chien Liang Yu |
|
Designation : |
Additional Director |
|
Address : |
3f No. 35, Lane 30, Sec 4, Xinyi Road, Neighborhood 8, Zhuan Village, Daan District, Taipei 106 Tw |
|
Date of Appointment : |
01.02.2018 |
|
DIN No.: |
08065249 |
KEY EXECUTIVES
|
Name : |
Ms. Asmi Amey Gadgil |
|
Designation : |
Company Secretary |
|
Address : |
102, 103, Shree Ramkrishna Niwas, Phadke Road Dombivli, Thane–421201, Maharashtra, India |
|
Date of Appointment : |
30.03.2017 |
|
PAN No.: |
AXEPJ1044Q |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
ASUS Teclnology Pte. Limited, Singapore |
|
33499999 |
|
Asus Europe B.V.*, Netherlands |
|
1 |
|
Total |
|
33500000 |
* Asus Europe B.V.* is holding 1 share as a Nominee of Asus Technology Pte. Limited.
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Trading of Mobile Phones, computers, laptop, communications equipment and parts and other electronic gazette · Computer programming consultancy and related activities (Registered Activity) |
||||
|
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|
||||
|
Products / Services
: |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
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|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||||||||||
|
Customers : |
|
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|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
19th Floor, Shapath - V, S.G. Highway, Ahmedabad – 380015, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFD7919A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding company : |
ASUS Technology Pte. Limited, Singapore |
|
|
|
|
Fellow Subsidiary
Company : |
ASUS Global Pte. Limited, Singapore |
CAPITAL STRUCTURE
As on 27.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
INR 10/- each |
INR 350.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33500000 |
Equity Shares |
INR 10/- each |
INR 335.000 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 |
335.000 |
335.000 |
335.000 |
|
(b) Reserves and Surplus |
438.219 |
296.148 |
171.387 |
|
(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) |
773.219 |
631.148 |
506.387 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
17.996 |
17.435 |
13.659 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
13.328 |
6.900 |
4.352 |
|
Total Non-current
Liabilities (3) |
31.324 |
24.335 |
18.011 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
5794.833 |
7655.544 |
5986.498 |
|
(c) Other current
liabilities |
52.033 |
62.096 |
41.587 |
|
(d) Short-term
provisions |
2.953 |
9.165 |
2.834 |
|
Total Current
Liabilities (4) |
5849.819 |
7726.805 |
6030.919 |
|
|
|
|
|
|
TOTAL |
6654.362 |
8382.288 |
6555.317 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
254.994 |
262.557 |
270.408 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 loans and advances |
59.499 |
153.340 |
110.974 |
|
(e) Other Non-current
assets |
0.279 |
0.125 |
0.100 |
|
Total Non-Current
Assets |
314.772 |
416.022 |
381.482 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3929.872 |
5065.094 |
2971.254 |
|
(c) Trade
receivables |
1984.440 |
2133.156 |
2029.520 |
|
(d) Cash and
bank balances |
389.494 |
741.112 |
1156.391 |
|
(e)
Short-term loans and advances |
14.027 |
15.006 |
14.930 |
|
(f) Other
current assets |
21.757 |
11.898 |
1.740 |
|
Total Current
Assets |
6339.590 |
7966.266 |
6173.835 |
|
|
|
|
|
|
TOTAL |
6654.362 |
8382.288 |
6555.317 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
16281.743 |
16740.507 |
12004.603 |
|
|
Other Income |
47.233 |
48.949 |
24.953 |
|
|
TOTAL |
16328.976 |
16789.456 |
12029.556 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
14160.929 |
18279.510 |
13541.084 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1135.222 |
(2093.839) |
(1996.869) |
|
|
Employee benefit expense |
221.719 |
157.102 |
127.525 |
|
|
CSR expenditure |
2.871 |
1.741 |
0.455 |
|
|
Other expenses |
576.819 |
238.643 |
149.676 |
|
|
TOTAL |
16097.560 |
16583.157 |
11821.871 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
231.416 |
206.299 |
207.685 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
1.236 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
231.416 |
205.063 |
207.685 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.483 |
13.985 |
14.525 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
217.933 |
191.078 |
193.160 |
|
|
|
|
|
|
|
Less |
TAX |
75.861 |
66.317 |
66.242 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
142.072 |
124.761 |
126.918 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
4.24 |
3.72 |
3.79 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(304.726) |
(400.894) |
956.464 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
44.49 |
46.51 |
61.71 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.20 |
7.85 |
5.91 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
149.36 |
152.86 |
161.37 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.06 |
0.04 |
0.07 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.91 |
0.79 |
0.77 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.88 |
0.92 |
0.92 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
7.57 |
12.24 |
11.91 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.33 |
0.42 |
0.53 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
166.91 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
0.87 |
0.75 |
1.06 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.14 |
1.49 |
1.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
18.37 |
19.77 |
25.06 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.08 |
1.03 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.41 |
0.38 |
0.53 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.12 |
0.08 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.08 |
1.03 |
1.02 |
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 |
335.000 |
335.000 |
335.000 |
|
Reserves & Surplus |
171.387 |
296.148 |
438.219 |
|
Net
worth |
506.387 |
631.148 |
773.219 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
term debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
12004.603 |
16740.507 |
16281.743 |
|
|
|
39.451 |
(2.740) |
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 |
12004.603 |
16740.507 |
16281.743 |
|
Profit |
126.918 |
124.761 |
142.072 |
|
|
1.06% |
0.75% |
0.87% |
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 |
BACKGROUND
The Company was incorporated on July 5, 2011 and is a subsidiary of ASUS Technology Pte. Limited The company was formed to carry out the trading activity of ASUS products in India. The product line of the company includes products such as Notebooks, Tablets, Padfones, Zenfone and Accessories.
Review of Operation
The Company continued the success story this year also with increased revenue by introduction of zenphones and accessories. The Company's Products are becoming popular day by day as the Company is driven by innovation and commitment to quality. They are hopeful to continue the better performance with increased revenue in next year also. There was no change in the nature of business of Company.
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Buildings
- Furniture and fixtures
- Vehicles
- Leasehold improvements
- Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 64.82 |
|
UK Pound |
1 |
INR 79.94 |
|
Euro |
1 |
INR 90.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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.
·