|
|
|
MIRA INFORM REPORT
|
Report No. : |
484850 |
|
Report Date : |
10.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BALAJI & CO. |
|
|
|
|
Registered
Office : |
No.11/17, East Street, Sri Renganarayana Puram, Perumanal Post,
Tirunelveli - 627106, Tamilnadu |
|
Tel. No.: |
91-4637-259999 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment: |
2008 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 26.708 Million |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AJKPB4718R |
|
|
|
|
GSTIN/UIN : |
33AJKPB4718R1ZW |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Subject is involved in construction activities like constructing
roads, as well as it acts as a contractor of electric yard (related to wind
mill). (Confirmed by management) |
|
|
|
|
No. of Employees
: |
90 (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 is a proprietorship concern established in the year 2008 having
satisfactory track record. It is involved in construction activities like
constructing roads, as well as it acts as a contractor of electric yard
(related to wind mill). As per the available financials of 2017, the concern has achieved
decent growth in its sales turnover along with good profitability margin
during the year. Rating takes into consideration, the satisfactory financial risk
profile marked by adequate net worth base and strong debt protection metrics. Trade relations are reported to be fair. Business is active. Payments
are reported to be 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 10.01.2018
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. Palavesa Muthu Bala Krishnan |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9442589994 |
|
Date : |
06.01.2018 |
LOCATIONS
|
Registered Office : |
No.11/17, East Street, Sri Renganarayana Puram, Perumanal Post,
Tirunelveli - 627106, Tamilnadu, India
|
|
Tel. No.: |
91-4637-259999 |
|
Mobile No.: |
91-9442589994 (Mr. Palavesa Muthu Bala Krishnan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Head Office : |
H/281-A, Anu Vijay Township, Chettikulam – 627124, Tamilnadu, India |
SOLE PROPRIETOR
|
Name : |
Mr. Palavesa Muthu Bala Krishnan |
|
Designation : |
Proprietor |
BUSINESS DETAILS
|
Line of Business : |
Subject is involved in construction activities like constructing
roads, as well as it acts as a contractor of electric yard (related to wind
mill). (Confirmed by management) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Others (RTGS) |
|
|
|
|
Purchasing : |
L/C and Others (RTGS) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers and End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
90 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Michael and Associates Chartered Accountants |
|
Address : |
Vallioor, Tamilnadu, India |
|
M.No.: |
29642 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2017
|
Capital Investment : |
|
|
Owned : |
INR 26.708 Million |
|
Borrowed : |
-- |
|
Total : |
INR 26.708
Million |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Proprietor’sCapital |
|
26.708 |
17.855 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
26.708 |
17.855 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
17.909 |
29.935 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
17.909 |
29.935 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
44.617 |
47.790 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
44.536 |
52.052 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.010 |
0.010 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
2.726
|
2.435
|
|
|
Sundry Debtors |
|
38.839
|
25.397
|
|
|
Cash & Bank Balances |
|
12.414
|
5.891
|
|
|
Other Current Assets |
|
0.950
|
0.000
|
|
|
Loans, Advances and Deposits |
|
3.031
|
0.844
|
|
Total
Current Assets |
|
57.960
|
34.567
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
50.227
|
30.930
|
|
|
Other Current Liabilities and Provisions |
|
7.662
|
7.909
|
|
Total
Current Liabilities |
|
57.889
|
38.839
|
|
|
Net Current Assets |
|
0.071
|
(4.272)
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
44.617 |
47.790 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
199.015 |
137.126 |
|
|
Other Income |
|
0.130 |
0.672 |
|
|
TOTAL |
|
199.145 |
137.798 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
116.984 |
77.617 |
|
|
Site Work Expenses |
|
0.175 |
1.359 |
|
|
Advertisement |
|
0.016 |
0.000 |
|
|
CST |
|
0.000 |
1.076 |
|
|
Entry Tax |
|
0.148 |
0.661 |
|
|
Fuel Expenses |
|
8.848 |
4.936 |
|
|
Labour Wages |
|
0.000 |
24.671 |
|
|
Labour Charges Paid |
|
15.898 |
0.000 |
|
|
Repairs and Maintenance |
|
1.881 |
0.352 |
|
|
Loading and Unloading
Charges |
|
0.530 |
0.138 |
|
|
Sales Tax |
|
0.000 |
0.594 |
|
|
Transport Charges |
|
1.409 |
0.567 |
|
|
Bar Bending Charges |
|
2.915 |
0.728 |
|
|
Consumables |
|
2.760 |
0.000 |
|
|
Freight Charges |
|
0.000 |
0.267 |
|
|
Site Maintenance |
|
0.000 |
0.228 |
|
|
Tractor/JCB Hire |
|
0.000 |
2.726 |
|
|
Vehicle Hire |
|
0.000 |
0.612 |
|
|
Vehicle Maintenance |
|
0.723 |
0.441 |
|
|
Books and Periodicals |
|
0.004 |
0.000 |
|
|
Audit Fees |
|
0.235 |
0.030 |
|
|
Business Promotion |
|
0.015 |
0.000 |
|
|
Computer Repairs and
Maintenance |
|
0.007 |
0.000 |
|
|
Accounting Charges |
|
0.000 |
0.036 |
|
|
Batta |
|
0.108 |
0.003 |
|
|
PF |
|
0.053 |
0.000 |
|
|
Building Maintenance |
|
0.000 |
0.073 |
|
|
DG Rent Expenses |
|
0.000 |
0.018 |
|
|
Electrical Charges |
|
0.054 |
0.027 |
|
|
Packaging and Forwarding |
|
0.003 |
0.000 |
|
|
Labour Food Expenses |
|
0.000 |
0.048 |
|
|
Labour Wefare Expenses |
|
1.080 |
0.000 |
|
|
Handling and Forwarding
Charges |
|
0.000 |
0.007 |
|
|
Insurance Premium |
|
0.515 |
0.256 |
|
|
Labour Medical Expenses |
|
0.065 |
0.073 |
|
|
Labour Mess Expenses |
|
2.599 |
0.138 |
|
|
Lab Testing |
|
0.000 |
0.002 |
|
|
Testing Charges |
|
0.038 |
0.000 |
|
|
ISO Certificates Fees |
|
0.006 |
0.000 |
|
|
Machinery Spares |
|
0.000 |
0.104 |
|
|
Machineries Hiring
Charges |
|
9.740 |
0.000 |
|
|
Material Testing |
|
0.000 |
0.171 |
|
|
Miscellaneous Expenses |
|
0.914 |
0.271 |
|
|
Office Expense |
|
0.000 |
0.072 |
|
|
Postage and Courier
Expenses |
|
0.019 |
0.006 |
|
|
Power and Tools |
|
0.000 |
0.012 |
|
|
Printing and Stationery |
|
0.077 |
0.073 |
|
|
Professional Fees |
|
0.569 |
0.197 |
|
|
Professional Tax |
|
0.008 |
0.003 |
|
|
Room Rent |
|
0.415 |
0.111 |
|
|
Road Tax |
|
0.097 |
0.000 |
|
|
Safety Materials |
|
0.000 |
0.038 |
|
|
Salary to Staff |
|
3.341 |
1.624 |
|
|
Service Charges |
|
0.000 |
0.002 |
|
|
Service Tax |
|
3.912 |
0.000 |
|
|
Telephone Charges |
|
0.151 |
0.092 |
|
|
Toll Gate Fees |
|
0.000 |
0.108 |
|
|
Tools Expense |
|
0.000 |
0.034 |
|
|
Travelling Charges |
|
0.000 |
0.370 |
|
|
Travelling and Conveyance |
|
1.179 |
0.000 |
|
|
Vehicle Insurance |
|
0.000 |
0.052 |
|
|
Vehicle Spares |
|
0.000 |
0.146 |
|
|
Water Expenses |
|
0.000 |
0.003 |
|
|
Water Testing |
|
0.000 |
0.002 |
|
|
Weigh Bridge Expenses |
|
0.013 |
0.000 |
|
|
TOTAL |
|
177.504 |
121.175 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
|
21.641 |
16.623 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
2.633 |
1.559 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
19.008 |
15.064 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
6.947 |
6.656 |
|
|
|
|
|
|
|
|
NET PROFIT FOR THE YEAR |
|
12.061 |
8.408 |
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
71.23 |
67.60 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
|
5.12 |
5.40 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
156.71 |
145.45 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
7.94 |
6.83 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
0.49 |
0.32 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.74 |
0.79 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.67 |
1.68 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
2.17 |
2.18 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
1.67 |
2.92 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
8.22 |
10.66 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
|
6.06 |
6.13 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
11.77 |
9.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
45.16 |
47.09 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.00 |
0.89 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
0.95 |
0.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.26 |
0.21 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.67 |
1.68 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.00 |
0.89 |
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 |
|
Proprietor’s Capital |
17.855 |
26.708 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Money received against
share warrants |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
|
Net worth |
17.855 |
26.708 |
|
|
|
|
|
Secured Loans |
29.935 |
17.909 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Total borrowings |
29.935 |
17.909 |
|
Debt/Equity ratio |
1.677 |
0.671 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Turnover |
137.126 |
199.015 |
|
|
45.133 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Turnover |
137.126 |
199.015 |
|
Profit |
8.408 |
12.061 |
|
|
6.13% |
6.06% |
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 |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two |
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 |
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 63.46 |
|
|
1 |
INR 86.15 |
|
Euro |
1 |
INR 75.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NRG |
|
|
|
|
Report Prepared
by : |
SUD |
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.