|
|
|
MIRA INFORM REPORT
|
Report No. : |
484638 |
|
Report Date : |
11.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRIGUNA PTE. LTD. |
|
|
|
|
Registered Office : |
7500a, Beach Road,
04-327, The Plaza, 199591 |
|
|
|
|
Country : |
Singapore |
|
|
|
|
Date of Incorporation : |
12.01.2017 |
|
|
|
|
Com. Reg. No.: |
201701305D |
|
|
|
|
Legal Form : |
Exempt Private
(Limited By Share) |
|
|
|
|
Line of Business : |
The Subject
is principally engaged in wholesale of logs, sawn timber, plywood and related
products. |
|
|
|
|
No. of Employees : |
Not available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
NB |
|
Credit Rating |
Explanation |
Rating Comments |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
Status : |
New Business |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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) |
|
Singapore |
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 |
SINGAPORE - ECONOMIC
OVERVIEW
Singapore has a highly developed and successful free-market economy. It enjoys a remarkably open and corruption-free environment, stable prices, and a per capita GDP higher than that of most developed countries. Unemployment is very low. The economy depends heavily on exports, particularly of consumer electronics, information technology products, medical and optical devices, pharmaceuticals, and on its vibrant transportation, business, and financial services sectors.
The economy contracted 0.6% in 2009 as a result of the global financial crisis, but has continued to grow since 2010. Growth in 2014-16 was slower than during the previous decade, at under 3% annually, largely a result of soft demand for exports amid a sluggish global economy and weak growth in Singapore’s manufacturing sector.
The government is attempting to restructure Singapore’s economy by weaning its dependence on foreign labor, addressing weak productivity growth, and increasing Singaporean wages. Singapore has attracted major investments in advanced manufacturing, pharmaceuticals, and medical technology production and will continue efforts to strengthen its position as Southeast Asia's leading financial and technology hub. Singapore is a member of the Regional Comprehensive Economic Partnership negotiations with the nine other ASEAN members plus Australia, China, India, Japan, South Korea, and New Zealand. In 2015, Singapore formed, with the other ASEAN members, the ASEAN Economic Community.
|
Source : CIA |
EXECUTIVE SUMMARY
|
|
REGISTRATION
NO. |
: |
201701305D |
|
COMPANY
NAME |
: |
TRIGUNA
PTE. LTD. |
|
FORMER
NAME |
: |
N/A |
|
INCORPORATION
DATE |
: |
12/01/2017 |
|
COMPANY
STATUS |
: |
EXIST |
|
LEGAL
FORM |
: |
EXEMPT
PRIVATE (LIMITED BY SHARE) |
|
LISTED
STATUS |
: |
NO |
|
REGISTERED
ADDRESS |
: |
7500A,
BEACH ROAD, 04-327, THE PLAZA, 199591, SINGAPORE. |
|
BUSINESS
ADDRESS |
: |
7500A
BEACH ROAD THE PLAZA, 04-327, 199591, SINGAPORE. |
|
TEL.NO. |
: |
65-66108073 |
|
FAX.NO. |
: |
65-62981213 |
|
CONTACT
PERSON |
: |
MANOJ
RAVILAL PATEL ( DIRECTOR ) |
|
PRINCIPAL
ACTIVITY |
: |
WHOLESALE
OF LOGS, SAWN TIMBER, PLYWOOD AND RELATED PRODUCTS |
|
ISSUED
AND PAID UP CAPITAL |
: |
100,002.00
ORDINARY SHARE, OF A VALUE OF USD 100,002.00 |
|
SALES |
: |
N/A |
|
NET
WORTH |
: |
N/A |
|
STAFF
STRENGTH |
: |
N/A |
|
LITIGATION |
: |
CLEAR |
|
FINANCIAL
CONDITION |
: |
N/A |
|
PAYMENT |
: |
UNKNOWN
|
|
MANAGEMENT
CAPABILITY |
: |
WEAK |
|
COMMERCIAL
RISK |
: |
MODERATE |
|
CURRENCY
EXPOSURE |
: |
MODERATE |
|
GENERAL
REPUTATION |
: |
NOT YET
DETERMINED |
|
INDUSTRY
OUTLOOK |
: |
AVERAGE
GROWTH |
HISTORY / BACKGROUND
|
The Subject is an exempt private company whose shares
are not held by any corporate body and has no more than 20 shareholders who are
all natural persons. An exempt company is a type of private limited company. A
private limited company is a separate legal entity from its shareholders. As a
separate legal entity, the Subject is capable of owning assets, entering into
contracts, suing or be sued by other companies.
An exempt private company with an annual turnover
of ≤ SGD10 million, or total assets ≤ SGD10 million or number of
employees ≤ 50 (meet at least 2 criteria for immediate past two financial
years) are exempted from statutory auditing requirements. The Subject is not
required to have their accounts audited. However, the Subject will prepare
unaudited accounts for purposes of AGMs and filing with Registry Office if it
is unable to meet all its obligations as and when they fall due.
An exempt private company with an annual turnover
of more than SGD10 million, or total assets more than SGD10 million or number
of employees more than 50 (meet at least 2 criteria for immediate past two
financial years) are required to file the audited financial.
The Subject is principally engaged in the (as a /
as an) wholesale of logs, sawn timber, plywood and related products.
Share Capital History
|
Date |
Issue
& Paid Up Capital |
|
09/01/2018 |
USD
100,002.00 |
The major
shareholder(s) of the Subject are shown as follows :
Current
Shareholder(s) :
|
Name |
Address |
IC/PP/Loc
No |
Shareholding |
(%) |
|
MANOJ
RAVILAL PATEL + |
O.54, N.24,
1ST MAIN ROAD NEW COLONY CHROMEPET CHENNAI, TAMIL NADU, 60004, INDIA. |
Z2392901 |
50,001.00 |
50.00 |
|
AJIT
SIMILI JAGANNATH + |
10/1,
HEMAVATHI KARNIC ROAD, BASAVANAGUDI BENGALURU, KARNATAKA, 56000, INDIA. |
Z3501070 |
50,001.00 |
50.00 |
|
--------------- |
------ |
|||
|
100,002.00 |
100.00 |
|||
|
============ |
===== |
+ Also
Director
DIRECTORS
|
DIRECTOR 1
|
Name Of
Subject |
: |
KALYANASUNDARAM
MARAN |
|
Address |
: |
30,
JALAN BAHAGIA, 02-380, WHAMPOA VISTA, 320030, SINGAPORE. |
|
IC / PP
No |
: |
S2662120H |
|
Nationality |
: |
SINGAPOREAN |
|
Date of
Appointment |
: |
12/01/2017 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none in
our databank |
|
Former
interest |
: |
none in
our databank |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
200810066G |
BAT
UNIVERSAL PTE. LTD. |
Secretary |
13/03/2013 |
0.00 |
- |
- |
- |
- |
19/09/2017 |
|
2 |
198703265M |
BLPL
SINGAPORE PTE. LTD. |
Secretary |
29/11/2016 |
0.00 |
- |
USD4,718,815.00 |
2016 |
- |
23/06/2017 |
|
3 |
201007338G |
ESELLA TRADING
PRIVATE LIMITED |
Secretary |
07/05/2013 |
0.00 |
- |
USD419,678.00 |
2014 |
- |
08/07/2016 |
|
4 |
201003822R |
KEMPAR
ENERGY PTE. LTD. |
Secretary |
22/07/2015 |
0.00 |
- |
- |
- |
- |
03/03/2017 |
|
5 |
201014316H |
METALIC
INTERNATIONAL PTE. LTD. |
Secretary
Director |
06/07/2010
06/07/2010 |
0.00 |
- |
- |
- |
- |
20/03/2014 |
|
6 |
199904042N |
SPECTRA
INNOVATIONS PTE LTD |
Secretary |
15/11/2005 |
0.00 |
- |
USD133,777.00 |
2015 |
- |
14/09/2016 |
|
7 |
201501966K |
STANDARD
PAPER & BOARD SINGAPORE PTE. LTD. |
Director
Secretary |
20/01/2015
20/01/2015 |
0.00 |
- |
- |
- |
- |
14/02/2017 |
|
8 |
200003588H |
STRAPEX
INTERNATIONAL PTE LTD |
Secretary |
12/07/2010 |
0.00 |
- |
- |
- |
- |
14/09/2016 |
|
9 |
201108989H |
TRANSWORLD
GROUP SINGAPORE PTE. LIMITED |
Secretary |
14/04/2011 |
0.00 |
- |
- |
- |
- |
09/10/2014 |
|
10 |
201701305D |
TRIGUNA
PTE. LTD. |
Director
Secretary |
12/01/2017
12/01/2017 |
0.00 |
- |
- |
- |
- |
09/01/2018 |
|
11 |
200619195H |
VIKUDHA
SINGAPORE PTE. LTD. |
Secretary |
10/02/2017 |
0.00 |
- |
- |
- |
- |
10/10/2017 |
|
12 |
201307340D |
VS
GLOBAL VENTURES PTE. LTD. |
Secretary |
20/03/2013 |
0.00 |
- |
- |
- |
- |
16/08/2017 |
|
13 |
201506850Z |
W.O.G
TECHNOLOGIES HOLDING PTE. LTD. |
Secretary |
14/03/2015 |
0.00 |
- |
- |
- |
- |
28/02/2017 |
DIRECTOR 2
|
Name Of
Subject |
: |
MANOJ
RAVILAL PATEL |
|
Address |
: |
O.54,
N.24, 1ST MAIN ROAD NEW COLONY CHROMEPET CHENNAI, TAMIL NADU, 60004, INDIA. |
|
IC / PP
No |
: |
Z2392901 |
|
Nationality |
: |
INDIAN |
|
Date of
Appointment |
: |
12/01/2017 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none in
our databank |
|
Former
interest |
: |
none in
our databank |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
201701305D |
TRIGUNA
PTE. LTD. |
Director |
12/01/2017 |
50,001.00 |
50.00 |
- |
- |
- |
09/01/2018 |
DIRECTOR 3
|
Name Of
Subject |
: |
AJIT
SIMILI JAGANNATH |
|
Address |
: |
10/1,
HEMAVATHI KARNIC ROAD, BASAVANAGUDI BENGALURU, KARNATAKA, 56000, INDIA. |
|
IC / PP
No |
: |
Z3501070 |
|
Nationality |
: |
INDIAN |
|
Date of
Appointment |
: |
12/01/2017 |
INTEREST CHECK
|
Interest
in companies |
: |
see
below |
|
Interest
in business |
: |
none in
our databank |
|
Former
interest |
: |
none in
our databank |
INTEREST
IN COMPANY
|
No |
Local
No |
Company |
Designation |
App
Date |
Shareholding |
Profit/(loss)
After Tax |
Financial
Year |
Status |
As At |
|
|
No. |
% |
|||||||||
|
1 |
201707710W |
BALAJI
COMMODITIES PTE. LTD. |
Director |
20/03/2017 |
2.00 |
100.00 |
- |
- |
- |
21/06/2017 |
|
2 |
201701305D |
TRIGUNA
PTE. LTD. |
Director |
12/01/2017 |
50,001.00 |
50.00 |
- |
- |
- |
09/01/2018 |
MANAGEMENT
|
|
1) |
Name of
Subject |
: |
MANOJ
RAVILAL PATEL |
|
Position |
: |
DIRECTOR |
|
AUDITOR
|
|
Auditor |
: |
STAMFORD
ASSOCIATES LLP |
|
Auditor'
Address |
: |
N/A |
COMPANY SECRETARIES
|
|
1) |
Company
Secretary |
: |
KALYANASUNDARAM
MARAN |
|
IC / PP
No |
: |
S2662120H |
|
|
Address |
: |
30,
JALAN BAHAGIA, 02-380, WHAMPOA VISTA, 320030, SINGAPORE. |
|
BANKING
|
No Banker found in our databank.
ENCUMBRANCE (S)
|
No encumbrance was found in our databank at the time of investigation.
LITIGATION CHECK - SUBJECT
COMPANY AS A DEFENDANT
|
* A check has been conducted in our databank againt the Subject whether the
subject has been involved in any litigation.
No legal action was found in our databank.
No winding up petition was found in our databank.
PAYMENT RECORD
|
|
||
|
SOURCES
OF RAW MATERIALS: |
||
|
Local |
: |
N/A |
|
Overseas |
: |
N/A |
The Subject refused to disclose its suppliers.
CLIENTELE
|
|
Local |
: |
YES |
|||
|
Domestic
Markets |
: |
SINGAPORE |
|||
|
Overseas |
: |
YES |
|||
|
Export
Market |
: |
WORLDWIDE |
|||
|
Credit
Term |
: |
AS
AGREED |
|||
|
Payment
Mode |
: |
CHEQUES |
|||
OPERATIONS
|
|
Goods
Traded |
: |
LOGS, SAWN
TIMBER, PLYWOOD AND RELATED PRODUCTS |
|
|
Branch |
: |
NO |
Other
Information:
The Subject is principally engaged in the (as a / as an) wholesale of logs,
sawn timber, plywood and related products.
The Subject refused to disclose its operation.
CURRENT INVESTIGATION
|
Latest
fresh investigations carried out on the Subject indicated that :
|
Telephone
Number Provided By Client |
: |
6566108073
|
|
Current
Telephone Number |
: |
65-66108073 |
|
Match |
: |
YES |
|
Address
Provided by Client |
: |
7500A
BEACH ROAD, #04-327, THE PLAZA, 199591 |
|
Current
Address |
: |
7500A
BEACH ROAD THE PLAZA, 04-327, 199591, SINGAPORE. |
|
Match |
: |
NO |
Other
Investigations
We contacted one of the staff from the Subject and he provided limited
information.
The address provided is incomplete.
The Subject refused to disclose its number of employees and bankers.
FINANCIAL ANALYSIS
|
|
An exempt
private company with an annual turnover of ≤ SGD10 million, or total
assets ≤ SGD10 million or number of employees ≤ 50 (meet at least
2 criteria for immediate past two financial years) are exempted from
statutory auditing requirements. The Subject is not required to have their
accounts audited. However, the Subject will prepare unaudited accounts for
purposes of AGMs and filing with Registry Office if it is unable to meet all
its obligations as and when they fall due. |
||||||
|
Overall
financial condition of the Subject : N/A |
||||||
|
|
||||||
SINGAPORE ECONOMIC /
INDUSTRY OUTLOOK
|
|
Major
Economic Indicators : |
2012 |
2013 |
2014 |
2015 |
2016* |
|
|
|||||
|
Population
(Million) |
5.31 |
5.40 |
5.47 |
5.54 |
5.63 |
|
Gross
Domestic Products ( % ) |
1.3 |
3.7 |
(3.5) |
3.7 |
4.8 |
|
Consumer
Price Index |
4.6 |
2.4 |
2.4 |
(0.5) |
(0.7) |
|
Total
Imports (Million) |
474,554.0 |
466,762.0 |
463,779.1 |
407,767.9 |
398,372.0 |
|
Total
Exports (Million) |
510,329.0 |
513,391.0 |
518,922.7 |
476,285.4 |
468,552.0 |
|
|
|||||
|
Unemployment
Rate (%) |
2.0 |
1.9 |
1.9 |
1.9 |
2.1 |
|
Tourist
Arrival (Million) |
14.49 |
15.46 |
15.01 |
15.23 |
16.28 |
|
Hotel
Occupancy Rate (%) |
86.4 |
86.3 |
85.5 |
85.0 |
- |
|
Cellular
Phone Subscriber (Million) |
1.52 |
1.97 |
1.98 |
1.99 |
- |
|
|
|||||
|
Registration
of New Companies (No.) |
31,892 |
37,288 |
41,589 |
34,243 |
35,528 |
|
Registration
of New Companies (%) |
(1.3) |
9.8 |
11.5 |
(17.7) |
3.8 |
|
Liquidation
of Companies (No.) |
17,218 |
17,369 |
18,767 |
21,384 |
- |
|
Liquidation
of Companies (%) |
9.4 |
(5.3) |
8.0 |
13.9 |
- |
|
|
|||||
|
Registration
of New Businesses (No.) |
24,788 |
22,893 |
35,773 |
28,480 |
33,326 |
|
Registration
of New Businesses (%) |
5.51 |
1.70 |
56.30 |
(20.39) |
17.02 |
|
Liquidation
of Businesses (No.) |
22,489 |
22,598 |
22,098 |
26,116 |
- |
|
Liquidation
of Businesses (%) |
(2.2) |
0.5 |
(2.2) |
18.2 |
- |
|
|
|||||
|
Bankruptcy
Orders (No.) |
1,748 |
1,992 |
1,757 |
1,776 |
- |
|
Bankruptcy
Orders (%) |
14.5 |
14.0 |
(11.8) |
1.0 |
- |
|
Bankruptcy
Discharges (No.) |
1,881 |
2,584 |
3,546 |
3,499 |
- |
|
Bankruptcy
Discharges (%) |
35.2 |
37.4 |
37.2 |
(1.3) |
- |
|
|
|||||
|
INDUSTRIES
( % of Growth ) : |
|||||
|
Agriculture |
|||||
|
Production
of Principal Crops |
5.16 |
1.78 |
4.29 |
3.04 |
- |
|
Fish
Supply & Wholesale |
(0.5) |
(3.8) |
(8.6) |
(8.5) |
(9.9) |
|
|
|||||
|
Manufacturing
# |
|||||
|
Food,
Beverages & Tobacco |
97.9 |
97.9 |
99.4 |
100.0 |
103.7 |
|
Textiles |
140.1 |
119.5 |
102.7 |
100.0 |
93.3 |
|
Wearing
Apparel |
395.4 |
334.1 |
212.6 |
100.0 |
80.3 |
|
Leather
Products & Footwear |
109.5 |
122.0 |
106.5 |
100.0 |
93.2 |
|
Wood
& Wood Products |
93.3 |
103.0 |
107.2 |
100.0 |
90.5 |
|
Paper
& Paper Products |
98.5 |
104.4 |
104.5 |
100.0 |
99.7 |
|
Printing
& Media |
122.8 |
113.8 |
105.968
|
100.0 |
86.9 |
|
Crude
Oil Refineries |
107.1 |
100.7 |
92.2 |
100.0 |
100.5 |
|
Chemical
& Chemical Products |
85.3 |
88.4 |
96.7 |
100.0 |
97.6 |
|
Pharmaceutical
Products |
103.8 |
101.421
|
109.4 |
100.0 |
115.9 |
|
Rubber
& Plastic Products |
113.5 |
109.497
|
109.2 |
100.0 |
87.9 |
|
Non-metallic
Mineral |
108.8 |
107.4 |
90.759 |
100.0 |
93.6 |
|
Basic
Metals |
91.5 |
77.2 |
99.3 |
100.0 |
113.1 |
|
Fabricated
Metal Products |
107.314
|
107.5 |
107.757
|
100.0 |
91.7 |
|
Machinery
& Equipment |
107.3 |
109.1 |
118.2 |
100.0 |
79.3 |
|
Electrical
Machinery |
80.102 |
87.4 |
97.871 |
100.0 |
99.3 |
|
Electronic
Components |
100.7 |
105.0 |
105.6 |
100.0 |
106.3 |
|
Transport
Equipment |
109.9 |
111.1 |
106.68 |
100.0 |
98.7 |
|
|
|||||
|
Construction |
28.70 |
25.40 |
22.00 |
- |
- |
|
Real
Estate |
31.9 |
88.5 |
145.1 |
- |
- |
|
|
|||||
|
Services |
|||||
|
Electricity,
Gas & Water |
6.30 |
6.70 |
6.50 |
- |
- |
|
Transport,
Storage & Communication |
5.30 |
9.80 |
14.20 |
- |
- |
|
Finance
& Insurance |
0.50 |
3.30 |
6.00 |
- |
7.40 |
|
Government
Services |
6.00 |
6.50 |
6.30 |
- |
- |
|
Education
Services |
0.30 |
3.10 |
5.98 |
- |
2.40 |
|
|
|||||
|
*
Estimate / Preliminary |
|||||
|
# Based
on Index of Industrial Production (2015 = 100) |
INDUSTRY ANALYSIS
|
|
INDUSTRY
: |
TRADING |
|
The
wholesale & retail trade sector expanded by 6.8% in the third quarter of
2015, higher than the 6.0% growth in the preceding quarter. Growth was
supported by both the wholesale trade and retail trade segments. The
wholesale trade segment was boosted by an increase in both domestic and
foreign wholesale trade sales volume. In particular, the domestic wholesale
trade index rose by 7.4%, following the 8.1 % increase in the previous
quarter. The strong performance in domestic wholesale trade was due to a
surge in the sales of petroleum and petroleum products (14%), chemicals &
chemical products (39%) and telecommunications & computers (18%). |
|
|
Similarly,
the foreign wholesale trade index rose by 10% in the third quarter of 2015,
accelerating from the 6.9% rise in the previous quarter. Growth was driven by
improvements in the sales of petroleum & petroleum products (21%),
metals, timber & construction materials (10%) and general wholesale trade
(8.8%). |
|
|
Overall
retail trade sales volume also recorded resilient growth of 5.6% in the third
quarter of 2015, extending the 6.4 % expansion in the second quarter. Growth
was supported by a surge in the volume of motor vehicle sales (44%), which
was in turn due to a substantial increase in the supply of Certificate of
Entitlements. Excluding motor vehicles, retail sales volume increased at a
much slower pace of 0.7% over the same period. The increase in retail sales
volume (excluding motor vehicles) was due to improved non-discretionary goods
sales. For instance, the sales of medical goods & toiletries and
department store goods rose by 8.1% and 3.6% respectively. |
|
|
According
to the Retail News Asia, Food and beverage has overtaken fashion as the
primary driver of demand for retail real estate in Singapore. Despite
declining retail sales and consumer spending, the prime retail sector
remained in good shape during the third quarter 2015. |
|
|
OVERALL
INDUSTRY OUTLOOK : AVERAGE GROWTH |
|
CREDIT RISK EVALUATION &
RECOMMENDATION
|
|
|
FINANCIAL ACCOUNT
|
No latest financial accounts are available at the Registry Office.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.83 |
|
|
1 |
INR 86.28 |
|
Euro |
1 |
INR 76.14 |
|
SGD |
1 |
INR 47.78 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
SYL |
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.