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%2024-Dec-2017_files/image002.jpg){kind=small}
%2024-Dec-2017_files/image004.jpg)
%2024-Dec-2017_files/image005.gif)
MIRA INFORM REPORT
|
Report No. : |
481587.2 |
|
Report Date : |
24.12.2017 |
IDENTIFICATION DETAILS
|
Name : |
BHAVANA TRADERS |
|
|
|
|
Registered
Office : |
Plot No. 397, E Ward Shahupuri Vinus Corner, Shahupuri, Near Krishna
Ice Factory, Kolhapur – 416001, Maharashtra |
|
Mobile No.: |
91-9421107354 (Mr. Rajesh) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Year of Establishment
: |
2011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
GSTIN : [Goods & Service Tax Registration No.] |
27ACNPJ3995J1ZW |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACNPJ3995J |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trading of Mattress, Pillows, Foam etc.
(Confirmed by management) |
|
|
|
|
No. of Employees
: |
28 (Approximately) |
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 : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietary concern established in the year 2011. It is a
trader of mattress, pillows, foams etc. As per the financial of 2016, the concern has achieved a decent growth
in its revenue as compared to the previous year’s revenue and has reported an
average profitability margin of 2.21%. The concern possesses satisfactory financial position marked by
sufficient capital base along with low debt balance sheet profile. Payments seems to be slow but correct. In view of aforesaid, the concern can be
considered for business dealings at usual trade
terms and condition. |
NOTES : Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting
report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
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 24.12.2017
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 (GENERAL DETAILS)
|
Name : |
Ms. Shweta Chavghule |
|
Designation : |
Accountant |
|
Contact No.: |
91-231-2668561 |
|
Date : |
18.12.2017 |
LOCATIONS
|
Registered Office : |
Plot No. 397, E Ward Shahupuri Vinus Corner, Shahupuri, Near Krishna
Ice Factory, Kolhapur – 416001, Maharashtra, India |
|
Tel. No.: |
91-231-2668561/ 2660551 |
|
Mobile No.: |
91-9421107354 (Mr. Rajesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office 1: |
Plot No. 14, Ingle Empire. Near Bhairavnath Temple, Narhe, taluka-
Haveli, Pune – 411041, Maharashtra, India |
|
|
|
|
Branch Office 2: |
‘Xenia’, Basement Floor, Below Talwalkar’s Hi-Fi Gym, Opposite Basket
Ball Ground, Off Kadamba Depot Road, Porvorim Bardez, Goa – 403521, India |
|
Tel. No.: |
91-832-2413220 |
|
|
|
|
Branch Office 3: |
Voc. NO. 346/746, Shripewadi, Taluk: Chikodi, District: Belgum,
Karnataka, India |
SOLE PROPRIETOR
|
Name : |
Bhavana Ramchandra Jeswani |
|
Designation : |
Proprietor |
KEY EXECUTIVES
|
Name : |
Ms. Shweta Chavghule |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Trading of Mattress, Pillows, Foam etc.
(Confirmed by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cheque, Advance Payment and NETF/ RTGS |
|
|
|
|
Purchasing : |
L/C, Cheque, Advance Payment and NETF/ RTGS |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
28 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Mayuresh Doshi and Associates Chartered Accountant |
|
Address : |
Kolhapur, Maharashtra, India |
|
|
|
|
|
|
|
Auditor Name : |
Mr. Vijay Borgalli Chartered Accountant |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
S. K. Traders |
CAPITAL STRUCTURE
AS ON 31.03.2016
PROPRIETOR’S
CAPITAL ACCOUNT
(INR in Million)
|
Particulars |
Amount |
|
Owned : |
INR 18.343
Million |
|
Borrowed : |
-- |
|
Total : |
INR 18.343 Million |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Proprietor Capital |
18.343 |
15.714 |
12.239 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
18.343 |
15.714 |
12.239 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.854 |
4.171 |
5.469 |
|
|
2] Unsecured Loans |
1.500 |
0.000 |
0.020 |
|
|
TOTAL BORROWING |
5.354 |
4.171 |
5.489 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.697 |
19.885 |
17.728 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.043 |
1.819 |
1.699 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.017 |
0.017 |
0.012 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.899 |
10.357 |
8.116 |
|
|
Sundry Debtors |
23.588 |
11.517 |
15.528 |
|
|
Cash & Bank Balances |
2.412 |
0.373 |
1.091 |
|
|
Other Current Assets |
1.266 |
1.523 |
1.156 |
|
|
Loans & Advances and Deposit |
0.731 |
0.272 |
0.705 |
|
Total
Current Assets |
36.896 |
24.042 |
26.596 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.892 |
1.578 |
7.513 |
|
|
Other Current Liabilities |
0.829 |
1.386 |
0.692 |
|
|
Provisions |
6.538 |
3.029 |
2.374 |
|
Total
Current Liabilities |
16.259 |
5.993 |
10.579 |
|
|
Net Current Assets |
20.637 |
18.049 |
16.017 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.697 |
19.885 |
17.728 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
202.610 |
141.687 |
119.629 |
|
|
Other Income |
5.129 |
9.282 |
6.866 |
|
|
TOTAL
|
207.739 |
150.969 |
126.495 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
185.523 |
130.008 |
109.557 |
|
|
Loading and Unloading |
0.220 |
0.257 |
0.184 |
|
|
Fright Charges |
0.194 |
0.028 |
0.495 |
|
|
Transport Charges |
0.596 |
0.525 |
0.544 |
|
|
Electricity Charges |
0.055 |
0.016 |
0.025 |
|
|
Rate Difference |
0.060 |
0.052 |
0.006 |
|
|
Diesel Expenses |
0.521 |
0.528 |
0.299 |
|
|
Godown Rent |
1.309 |
0.928 |
0.739 |
|
|
Local hiring Charges |
0.498 |
0.664 |
0.000 |
|
|
Sofa making Charges |
0.091 |
0.009 |
0.000 |
|
|
Salary |
2.686 |
2.007 |
1.551 |
|
|
Advertisement |
0.169 |
0.234 |
0.227 |
|
|
Audit Fees |
0.017 |
0.011 |
0.012 |
|
|
Computer Maintenance |
0.015 |
0.035 |
0.024 |
|
|
Exhibition Expenses |
0.045 |
0.418 |
0.695 |
|
|
Guest Expenses |
0.169 |
0.184 |
0.073 |
|
|
Tea Expenses |
0.045 |
0.076 |
0.101 |
|
|
Insurance |
0.055 |
0.089 |
0.077 |
|
|
Local conveyance allows |
0.282 |
0.336 |
0.232 |
|
|
Legal fees |
0.006 |
0.010 |
0.007 |
|
|
Office Expenses |
0.136 |
0.072 |
0.013 |
|
|
Other Interest |
0.024 |
0.015 |
0.105 |
|
|
Petrol Charges |
0.012 |
0.139 |
0.085 |
|
|
Postage and Telegram |
0.048 |
0.075 |
0.022 |
|
|
Printing and stationery |
0.091 |
0.082 |
0.063 |
|
|
Professional Charges |
0.054 |
0.044 |
0.036 |
|
|
Repair and maintenance |
0.010 |
0.003 |
0.015 |
|
|
Staff Welfare |
0.060 |
0.030 |
0.020 |
|
|
Sales Commission |
7.153 |
6.360 |
3.884 |
|
|
Sundry Expenses |
0.087 |
0.037 |
0.006 |
|
|
Sales Promotion |
0.075 |
0.000 |
0.000 |
|
|
Subscription |
0.019 |
0.003 |
0.003 |
|
|
Office Rent |
0.180 |
0.252 |
0.144 |
|
|
Vehicle Maintenance |
0.204 |
0.193 |
0.054 |
|
|
Telephone Expenses |
0.244 |
0.156 |
0.074 |
|
|
Travelling Expenses |
0.710 |
0.559 |
0.367 |
|
|
Bonus |
0.107 |
0.088 |
0.125 |
|
|
Mess Expenses |
0.168 |
0.168 |
0.240 |
|
|
Vat Renewal fee |
0.015 |
0.123 |
0.023 |
|
|
Toll Expenses |
0.007 |
0.008 |
0.000 |
|
|
Other Expenses |
0.104 |
0.000 |
0.000 |
|
|
Commission |
0.000 |
0.000 |
0.018 |
|
|
Consultation fees |
0.000 |
0.000 |
0.010 |
|
|
TOTAL |
202.064 |
144.822 |
120.155 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
5.675 |
6.147 |
6.340 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.712 |
0.603 |
0.505 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.963 |
5.544 |
5.835 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.490 |
0.370 |
0.323 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) FOR THE YEAR |
4.473 |
5.174 |
5.512 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Operating Income * 365
Days) |
42.49 |
29.67 |
47.38 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income
/ Sundry Debtors) |
8.59 |
12.30 |
7.70 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
17.49 |
4.43 |
25.01 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.64 |
0.59 |
0.78 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.87 |
3.38 |
3.73 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.54 |
0.39 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.29 |
0.27 |
0.45 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.97 |
0.38 |
0.87 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.17 |
0.12 |
0.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
7.97 |
10.19 |
12.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
2.21 |
3.65 |
4.61 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.20 |
19.99 |
19.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
24.39 |
32.93 |
45.04 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.08 |
4.01 |
2.51 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
1.58 |
2.28 |
1.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.46 |
0.61 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.29 |
0.27 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.08 |
4.01 |
2.51 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Proprietor Capital |
12.239 |
15.714 |
18.343 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
12.239 |
15.714 |
18.343 |
|
|
|
|
|
|
Secured Loans |
5.469 |
4.171 |
3.854 |
|
Unsecured Loans |
0.020 |
0.000 |
1.500 |
|
Total
borrowings |
5.489 |
4.171 |
5.354 |
|
Debt/Equity
ratio |
0.448 |
0.265 |
0.292 |
%2024-Dec-2017_files/image006.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
119.629 |
141.687 |
202.610 |
|
|
|
18.439 |
42.998 |
%2024-Dec-2017_files/image007.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
119.629 |
141.687 |
202.610 |
|
Profit |
5.512 |
5.174 |
4.473 |
|
|
4.61% |
3.65% |
2.21% |
%2024-Dec-2017_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
Yes |
|
18 |
Major suppliers |
No |
|
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 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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2016 (INR
in Million) |
31.03.2015 (INR
in Million) |
|
Loan from Aashish deluxe |
0.500 |
0.000 |
|
Jeswani |
1.000 |
0.000 |
|
Total |
1.500 |
0.000 |
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 90.66 |
|
Euro |
1 |
INR 79.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
TRUP |
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 |
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.