|
|
|
MIRA INFORM REPORT
|
Report No. : |
481104 |
|
Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
RIYAL ENTERPRISE |
|
|
|
|
Registered
Office : |
4, Gopal Apartment, Tirupati Society, Maruti Chowk, L.H. Road, Surat –
395006, Gujarat |
|
Tel. No.: |
91- 9825533890 (Mr. Mukesh Gordhanbhai Kanani) |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation: |
01.03.2008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 22.489 million |
|
|
|
|
IEC No.: |
Not Applicable |
|
|
|
|
CST No: |
24722805697 |
|
|
|
|
TIN No.: |
24222805697 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AUYPK5160F |
|
|
|
|
GST No.: |
24AUYPK5160F1ZD |
|
|
|
|
Shop &
Establishment Certificate No. |
-- |
|
|
|
|
Udyog Aadhar
No.: |
GJ22A0185201 CA Certificate Date: 20.12.2012 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Sales of
Touchup Spray and Coating Powder |
|
|
|
|
No. of Employees
: |
07 (Approximately) |
RATING & COMMENTS
|
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 : |
Riyal Enterprises is a proprietorship concern and was established in
the year 2008. It is a seller and service provider of touchup spray and
coating powder. For the financial year 2017, the concern has achieved 42.31% growth in
its revenue as compared to the previous year along with an average profit
margin of 5.24%. The sound financial risk profile of the company is marked by adequate
net worth base along with comfortable debt balance sheet profile. Payments are reported to be slow but correct. In view of aforesaid, the concern can be considered for business
dealings at usual trade terms and conditions. Note: Site visit was conducted at the address 4, Gopal Apartment, Tirupati
Society, Maruti Chowk, L.H. Road, Surat – 395006, Gujarat, India. Our executive
has successfully traced the subject on the address. At the premises, our executive met Mr. Mukesh Kanani (Proprietor) As per our executive’s observation, it is a 4 storey building and subject
is situated on the ground floor. Locality seems to be residential and area
appears to be upmarket. Area of the premises seems to be 380 sq. ft. and
numbers of employee sighted at the premises were 7. Location was easy to find and we have sighted subject’s 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 (30.06.2017) |
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 03.01.2018
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. Mukesh Gordhanbhai Kanani |
|
Designation : |
Proprietor |
|
Contact No.: |
91- 9825533890 |
|
Date : |
13.12.2017 |
LOCATIONS
|
Registered Office |
4, Gopal Apartment, Tirupati Society, Maruti Chowk, L.H. Road, Surat –
395006, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91- 9825533890 (Mr. Mukesh Gordhanbhai Kanani) |
|
E-Mail : |
Not Available |
|
Website : |
|
|
Area : |
380 Sq. ft. |
|
Locality : |
Residential |
SOLE PROPRIETOR
|
Name : |
Mr. Mukesh Gordhanbhai Kanani |
|
Designation : |
Proprietor |
|
Address : |
Building No. C/603, Marry Gold Residency, Near Sarthana Jakatnaka,
Surat City, Surat – 395006, Gujarat, India |
|
Date of Birth/Age : |
01.03.1978 |
|
PAN No.: |
AUYPK5160F |
|
Aadhaar Card No: |
3087 9133 1929 |
DETAILS OF GROUP COMPANIES
Nil
BUSINESS DETAILS
|
Line of Business : |
Sales of
Touchup Spray and Coating Powder. |
|
|
|
|
Products and Services: |
Touchup
Spray and Coating Powder |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Local: 100% Local: Cash and Credit (60 Days) |
|
|
|
|
Purchasing : |
Local: 100% Local: Cash and Credit (60 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
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Customers : |
End Users and Trading Firms
|
||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
07 (Approximately) |
||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
HNCP and Company Chartered Accountants |
|
Address : |
897/3, Adagara Street, Near Central Bank of India, Nanpura, Surat -
395001, Gujarat, India |
|
Tel. No.: |
91-261-2477077 |
|
E-Mail : |
|
|
Memberships No.: |
137081 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
--- |
LITIGATIONS
NIL
CAPITAL STRUCTURE
As on: 31.03.2017
|
Particular |
Amount (INR
Lacs) |
Amount (INR
Lacs) |
|
Opening Balance |
|
18.362 |
|
Add: Profit earned during the year |
|
7.224 |
|
Less: |
|
|
|
Capital Withdrawals |
0.360 |
|
|
General Insurance Premium |
0.067 |
|
|
Housing loan Interest |
1.926 |
|
|
LIC Premium |
0.652 |
|
|
Income Tax |
0.091 |
3.097 |
|
|
|
|
|
Closing Balance |
|
22.489 |
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.
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Proprietor' Funds |
|
|
|
|
(a) Capital |
22.489 |
18.362 |
15.573 |
|
(b) Reserves and Surplus |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
22.489 |
18.362 |
15.573 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
22.666 |
1.334 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
22.666 |
1.334 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
2.381 |
|
(b) Trade payables |
26.829 |
22.881 |
17.999 |
|
(c) Other current
liabilities |
4.160 |
0.000 |
0.000 |
|
(d) Short-term provisions |
1.446 |
0.781 |
0.736 |
|
Total Current Liabilities
(4) |
32.435 |
23.662 |
21.116 |
|
|
|
|
|
|
TOTAL |
77.590 |
43.358 |
36.689 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
20.348 |
4.193 |
4.787 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) 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 Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.110 |
0.000 |
|
Total Non-Current Assets |
20.348 |
4.303 |
4.787 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2.612 |
2.553 |
1.514 |
|
(c) Trade receivables |
52.096 |
33.294 |
26.812 |
|
(d) Cash and cash
equivalents |
2.534 |
3.208 |
3.576 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
57.242 |
39.055 |
31.902 |
|
|
|
|
|
|
TOTAL |
77.590 |
43.358 |
36.689 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
148.198 |
104.135 |
94.201 |
|
|
Other Income |
0.000 |
0.993 |
0.000 |
|
|
TOTAL |
148.198 |
105.128 |
94.201 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
117.467 |
86.698 |
80.758 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.060) |
(1.039) |
(0.450) |
|
|
Other expenses |
22.900 |
13.829 |
8.951 |
|
|
TOTAL |
140.307 |
99.488 |
89.259 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
7.891 |
5.640 |
4.942 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.131 |
0.118 |
0.158 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
7.760 |
5.522 |
4.784 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.594 |
0.728 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.760 |
4.928 |
4.056 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
7.760 |
4.928 |
4.056 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
128.31 |
116.70 |
103.89 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.84 |
3.13 |
3.51 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
83.36 |
96.33 |
81.35 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
3.02 |
2.21 |
3.26 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.39 |
1.35 |
1.03 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.71 |
0.58 |
0.58 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /
Networth) |
1.01 |
0.07 |
0.15 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.44 |
1.29 |
1.36 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.90 |
0.23 |
0.31 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
60.24 |
47.80 |
31.28 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
5.24 |
4.73 |
4.31 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.00 |
11.37 |
11.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
34.51 |
26.84 |
26.05 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.76 |
1.65 |
1.51 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.68 |
1.54 |
1.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.29 |
0.42 |
0.42 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.01 |
0.07 |
0.15 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.76 |
1.65 |
1.51 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR In
lacs |
|
(a) Capital |
15.573 |
18.362 |
22.489 |
|
(b) Reserves &
Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
15.573 |
18.362 |
22.489 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1.334 |
22.666 |
|
Short term borrowings |
2.381 |
0.000 |
0.000 |
|
Total
borrowings |
2.381 |
1.334 |
22.666 |
|
Debt/Equity
ratio |
0.153 |
0.073 |
1.008 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
94.201 |
104.135 |
148.198 |
|
|
|
10.546 |
42.313 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
94.201 |
104.135 |
148.198 |
|
Profit |
4.056 |
4.928 |
7.760 |
|
|
4.31% |
4.73% |
5.24% |
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 |
No |
|
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 |
No |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FIXED ASSETS:
Tangible Assets
- Laptop
- House Hold Furniture
- Mobile Set
- Car
- House Property
- Flat
- Freez
- Passion X Pro
|
OBSERVATION POINTS |
|
Name of Company : |
RIYAL ENTERPRISE |
|
|
|
|
Address : |
4, Gopal Apartment, Tirupati Society, Maruti Chowk, L.H. Road, Surat –
395006, Gujarat, India |
|
|
|
|
Mobile No.: |
91-9825533890 |
|
|
|
|
Email: |
|
|
|
|
|
Person to whom we met: |
Mr. Mukesh Gordhanbhai Kanani Designation
: Proprietor |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark : |
L.H. Road (BRTS) |
|
|
|
|
Total Floors of the building: |
4 Floor |
|
|
|
|
Subject situated on: |
Ground Floor |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area of premises : |
380 Sq. ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
Level of
operation : |
Medium |
|
|
|
|
No. of employees seen at premises: |
07 |
|
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|
Visibility of
Items: |
·
Computers ·
Air Conditioner ·
Office equipment ·
Xerox Machine |
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Neighbour’s
interview : |
Name of Company: Maa Creation Contact Name: Mr. Saileshbhai
Neighbour’s Overview: Riyal Enterprise since 10 years of these areas. Name of Company: Radhey Hoziyari Contact Name: Radhey Neighbour’s Overview: Riyal Enterprise since 10 years of these areas. |
|
|
|
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Proof of visit: |
Visiting Card / Photograph |
|
|
|
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Details of the person conducting visit: |
Name: Mr. Govind
Bathwar Designation: Field Executive
Contact No: 91-8866692362 Date: 29.12.2017 |
PICTURE
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
03.01.2018 (date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
TPT |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
MTN |
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.
·