|
|
|
MIRA INFORM REPORT
|
Report No. : |
484136 |
|
Report Date : |
04.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BENGAL BITUMEN |
|
|
|
|
Registered
Office : |
K M Stone 110, N H-2, Chhata , Mathura - 281401, Uttar Pradesh |
|
Tel. No.: |
91-11-40516589 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
1990 |
|
|
|
|
Capital
Investment : |
INR 3.217 Million |
|
|
|
|
IEC No.: |
3315902127 |
|
|
|
|
GSTIN: |
09ACKPN5830D1ZK |
|
|
|
|
TIN/CST No.: |
09427600189 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACKPN5830D |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer, Dealer and Trader of bituminous products, roofing felt, water proofing membrane and other allied products. (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
30 (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 : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1990 as a proprietary concern
having satisfactory track record. For the financial year 2017, the concern has achieved marginal growth
in its sales turnover along with thin profit margin during the year. However, the general financial position of the concern seems to be satisfactory
marked be adequate capital base and its long standing track record of its
business operations. Payments are reported to usually correct. In view of aforesaid, the concern can be considered 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.
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 04.01.2018
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. Krishna Kumar Nagpal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9811050557 |
|
Date : |
04.01.2018 |
LOCATIONS
|
Registered Office/ Factory : |
K M Stone 110, N H-2, Chhata , Mathura - 281401, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9811974851 (Mr. Himanshu) 91-9811050557 (Mr. Krishna Kumar Nagpal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
54450 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
G-003, Salcon Aurum, District Center Complex, Jasola, New Delhi - 110025, India |
|
Tel. No.: |
91-11-40516589 |
SOLE PROPRIETOR
|
Name : |
Mr. Krishna Kumar Nagpal |
|
Designation : |
Proprietor |
|
PAN No.: |
ACKPN5830D |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Dealer and Trader of bituminous products, roofing felt, water proofing membrane and other allied products. (Confirmed by Management) |
|
|
|
|
Products: |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Cheque and Credit (30/60 Days) |
|
|
|
|
Purchasing : |
Cash, L/C, Cheque, Credit (30/60 Days) and Others (Bank Transfer) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Auditors : |
|
||||||||||||||||||
|
Name : |
Prakash Shri Krishna and Company Chartered Accountants |
||||||||||||||||||
|
Address: |
Mathura, Uttar Pradesh, India |
||||||||||||||||||
|
Memberships No.: |
074187 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Memberships : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Collaborators : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Sister Concern : |
· Broad Ways Address : Panipat,
Haryana, India Line of
Business: Manufacturer, Dealer and Trader of bitumen, bituminous products,
roofing felt, water proofing membrane and other allied products. |
CAPITAL STRUCTURE
As on 31.03.2017
|
Particular |
As
on 31.03.2017 (INR
in million) |
|
Capital Account |
3.559 |
|
Less: Drawings |
1.423 |
|
Add: Net Profit |
1.081 |
|
Total |
3.217 |
FINANCIAL DATA
[all figures are
in INR Million]
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 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Proprietors Capital |
|
3.217 |
3.560 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.217 |
3.560 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
35.935 |
24.082 |
|
|
2] Unsecured Loans |
|
7.278 |
7.278 |
|
|
TOTAL BORROWING |
|
43.213 |
31.360 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
46.430 |
34.920 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.951 |
3.671 |
|
|
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 |
|
44.484
|
2.479
|
|
|
Sundry Debtors |
|
14.283
|
47.574
|
|
|
Cash & Bank Balances |
|
0.097
|
1.086
|
|
|
Other Current Assets |
|
7.911
|
5.429
|
|
|
Loans, Advances and Deposits |
|
3.355
|
2.539
|
|
Total
Current Assets |
|
70.130
|
59.107
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
26.477
|
18.444
|
|
|
Other Current Liabilities |
|
|
8.826
|
|
|
Provisions |
|
|
0.588
|
|
Total
Current Liabilities |
|
28.651
|
27.858
|
|
|
Net Current Assets |
|
41.479
|
31.249
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
46.430 |
34.920 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
158.151 |
|
|
Other Income |
|
|
0.244 |
|
|
TOTAL |
|
|
158.395 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
|
|
124.762 |
|
|
Customs Clearing Charges |
|
|
4.085 |
|
|
Customs Duty |
|
|
8.567 |
|
|
Electricity Expenses |
|
|
1.563 |
|
|
Entry Tax |
|
|
1.564 |
|
|
Factory Expenses |
|
|
0.009 |
|
|
Freight Inward |
|
|
0.316 |
|
|
Diesel Expenses |
|
|
1.752 |
|
|
Import Clearing Expenses |
|
|
0.910 |
|
|
KK Cess |
|
|
0.002 |
|
|
Wages |
|
|
2.776 |
|
|
Audit Fees |
|
|
0.025 |
|
|
Administrative Expenses |
|
|
4.183 |
|
|
Selling and Distribution
Expenses |
|
|
0.518 |
|
|
Bad Debt |
|
|
0.012 |
|
|
Commission |
|
|
0.176 |
|
|
Donation |
|
|
0.011 |
|
|
Fee and Subscription |
|
|
0.038 |
|
|
Installation Charges |
|
|
0.011 |
|
|
Machinery Repair and
Maintenance |
|
|
0.032 |
|
|
Miss Expenses |
|
|
0.063 |
|
|
Testing Charges |
|
|
0.230 |
|
|
Legal and Professional
Charges |
|
|
0.014 |
|
|
Rates and Taxes |
|
|
0.004 |
|
|
Discount Allowed |
|
|
0.167 |
|
|
Recruitment Charges |
|
|
0.014 |
|
|
Godown Rent |
|
|
0.050 |
|
|
R and M building |
|
|
0.057 |
|
|
R and M Machinery |
|
|
0.088 |
|
|
Security Charges |
|
|
0.088 |
|
|
Software Renewal Charges |
|
|
0.011 |
|
|
Staff Welfare |
|
|
0.136 |
|
|
SB Cess |
|
|
0.002 |
|
|
Transportation Charges |
|
|
1.538 |
|
|
TOTAL |
|
|
153.774 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND
AMORTISATION |
|
|
4.621 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
2.734 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION AND AMORTISATION |
|
|
1.887 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.806 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
|
|
1.081 |
|
|
PARTICULARS |
|
|
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
161.846 |
|
|
Other Income |
|
|
0.219 |
|
|
TOTAL |
|
|
162.065 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
|
|
138.273 |
|
|
Customs Clearing Charges |
|
|
0.054 |
|
|
Customs Duty |
|
|
3.217 |
|
|
Electricity Expenses |
|
|
1.023 |
|
|
Entry Tax |
|
|
1.692 |
|
|
Factory Expenses |
|
|
0.012 |
|
|
Freight Inward |
|
|
2.639 |
|
|
Import Clearing Expenses |
|
|
0.207 |
|
|
Wages |
|
|
4.784 |
|
|
Administrative Expenses |
|
|
1.771 |
|
|
Selling and Distribution
Expenses |
|
|
0.328 |
|
|
R and M Machinery |
|
|
0.076 |
|
|
Carriage Inward |
|
|
0.090 |
|
|
Generator Expenses |
|
|
1.589 |
|
|
Salaries |
|
|
2.298 |
|
|
Professional Expenses |
|
|
0.038 |
|
|
Filing Fees |
|
|
0.097 |
|
|
Services Tax Penalty |
|
|
0.012 |
|
|
Swachh Bharat Cess @0.5% |
|
|
0.002 |
|
|
TOTAL |
|
|
158.202 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND
AMORTISATION |
|
|
3.863 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
1.911 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE,
DEPRECIATION AND AMORTISATION |
|
|
1.952 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.637 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
|
|
1.315 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
105.000 |
|
|
|
|
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors /
Income * 365 Days) |
|
32.96 |
107.29 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
11.07 |
3.40 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
77.46 |
48.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.10 |
1.56 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.93 |
1.05 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current
Liabilities) / Total Assets) |
|
0.96 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
13.43 |
8.81 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
11.17 |
9.87 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
1.54 |
1.03 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
1.69 |
2.02 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
0.68 |
0.81 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
1.44 |
2.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
33.60 |
36.94 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets /
Current Liabilities) |
|
1.95 |
1.68 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.71 |
1.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.04 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
13.43 |
8.81 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
1.95 |
1.68 |
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 |
|
31.03.2016 |
31.03.2017 |
|
|
|
INR
In Million |
INR
In Million |
|
Proprietors Capital |
|
3.560 |
3.217 |
|
Reserves & Surplus |
|
0.000 |
0.000 |
|
Net
worth |
|
3.560 |
3.217 |
|
|
|
|
|
|
Secured Loan |
|
24.082 |
35.935 |
|
Unsecured Loan |
|
7.278 |
7.278 |
|
Total
borrowings |
|
31.360 |
43.213 |
|
Debt/Equity
ratio |
|
8.809 |
13.433 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2016 |
31.03.2017 |
|
|
|
INR
In Million |
INR
In Million |
|
Sales |
|
161.846 |
158.151 |
|
|
|
|
(2.283) |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2016 |
31.03.2017 |
|
|
|
INR
In Million |
INR
In Million |
|
Sales |
|
161.846 |
158.151 |
|
Profit |
|
1.315 |
1.081 |
|
|
|
0.81% |
0.68% |
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 |
-- |
|
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) |
Yes |
|
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 |
Yes |
|
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 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 |
UNSECURED LOAN
|
PARTICULAR |
|
31.03.2017 (INR
in Million) |
|
|
|
|
|
Unsecured Loan |
|
7.278 |
|
|
|
|
|
Total |
|
7.278 |
Fixed assets
- Land
- Plant and Machinery
- Building
- Computers and Accessories
- Furniture and Fixtures
- Generator
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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 63.48 |
|
|
1 |
INR 86.40 |
|
Euro |
1 |
INR 76.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
POON |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
YES |
|
--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.