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|
MIRA INFORM REPORT
|
Report No. : |
485961 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BONTON HOLIDAYS PRIVATE LIMITED (w.e.f.24.09.2014) |
|
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|
Formerly Known
As : |
BONTON
TOURS PRIVATE LIMITED |
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Registered
Office : |
S6/2, 6th Floor, Pinnacle Business Park, Mahakali Caves
Road, Shanti Nagar, Andheri (East), Mumbai – 400093, Maharashtra |
|
Tel. No.: |
91-22-61799100 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
22.07.2009 |
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Com. Reg. No.: |
11-194283 |
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Capital
Investment / Paid-up Capital : |
INR 87.109 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U63040MH2009PTC194283 |
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IEC No.: |
Not Divulged |
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GSTIN/UIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCB8487C |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The
company is engaged in the business of tours and travel management.
(Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2009. It is Indian online travel agency who operates and owns a travel search engine by the name of “Bontonholidays.com”. Management has failed to file its financials for the year 2017 with the Registrar of Companies. As per available financials of March 2016, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. However, the company possesses moderate financial risk profile marked by negative reserve level and unfavourable gap between trade payables and trade receivables. Rating further gets constrained on account of non-availability of latest financial and competition faced by the company in online service industry through other established players in the market. These rating weakness gets partially offset by established record of its business operation backed by its strong equity funding by its promoters which has able to wipe off some negative reserve resulting positive net worth. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 15.01.2018
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 DENIED
Management Non-Cooperative (91-22-61799100)
LOCATIONS
|
Registered Office/Corporate office : |
S6/2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road,
Shanti Nagar, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-61799100 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Piyush Vinodrai Parekh |
|
Designation : |
Managing Director |
|
Address : |
Satyam - 6 / 16, Prahlad Plot, Rajkot – 360001, Gujarat, India
|
|
Date of Appointment : |
22.07.2009 |
|
DIN No.: |
02692276 |
|
|
|
|
Name : |
Mrs. Purvi Piyush Parekh |
|
Designation : |
Director |
|
Address : |
Satyam - 6 / 16, Prahlad Plot, Rajkot – 360001, Gujarat,
India |
|
Date of Appointment : |
04.01.2017 |
|
DIN No.: |
01541600 |
|
|
|
|
Name : |
Mr. Viren Narottamdas Adesara |
|
Designation : |
Director |
|
Address : |
Shri Krishna Kunj, End of Gundawadi Main Road 1,
Govindpara Corner, Rajkot – 360002, Gujarat, India |
|
Date of Appointment : |
08.02.2017 |
|
DIN No.: |
07716186 |
KEY EXECUTIVES
|
Name : |
Mr. Keyur Nayan Doshi |
|
Designation : |
Company Secretary |
|
Address : |
17/D, New Poonam Baug, Nariman Road, Vile Parle – East,
Mumbai – 400057, Maharashtra, India |
|
Date of Appointment : |
20.08.2015 |
|
PAN No.: |
AWQPD2267A |
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Avinash Sharma |
4442563 |
51.00 |
|
Piyush vinodrai parekha |
4268365 |
49.00 |
|
Rahul Thakur |
10 |
0.00 |
|
Pranshu sharma |
10 |
0.00 |
|
Total |
8710948 |
100.00 |
AS ON 07.04.2017
|
Names of Allotee |
No. of Allotee |
|
Purvi Parekh |
500000 |
|
Total |
500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2016
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The
company is engaged in the business of tours and travel management. (Registered
Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
(INR
In Million)
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Auditors : |
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|
Name : |
S Dayma and Company Chartered Accountants |
|
Address : |
C/402, Shanti Nagar, Datta Mandir Road, Malad (East), Mumbai – 400097, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAHPD0971C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Enterprises which are owned or have significant influence of the partners
with key management personal: |
·
Bonton Tours and Travels LLC ·
Bonton Infotech Private Limited –
[U72900MH2012PTC228480] |
CAPITAL STRUCTURE
AS ON 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8710948 |
Equity Shares |
INR 10/- each |
INR 87.109 Million |
|
|
|
|
|
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
INR 10/- each |
INR 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9210948 |
Equity Shares |
INR 10/- each |
INR 92.109 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
87.109 |
24.500 |
17.500 |
|
(b) Reserves &
Surplus |
(40.449) |
(49.101) |
(53.061) |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
46.660 |
(24.601) |
(35.561) |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.364 |
1.255 |
|
(b) Deferred tax
liabilities (Net) |
1.552 |
0.835 |
0.663 |
|
(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) |
1.552 |
1.199 |
1.918 |
|
|
|
|
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|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
49.999 |
0.000 |
0.000 |
|
(b) Trade payables |
4.123 |
4.300 |
99.394 |
|
(c) Other current
liabilities |
37.629 |
24.768 |
12.485 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
91.751 |
29.068 |
111.879 |
|
|
|
|
|
|
TOTAL |
139.963 |
68.275 |
78.236 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.224 |
8.630 |
12.377 |
|
(ii) Intangible Assets |
20.211 |
13.121 |
8.693 |
|
(iii) Capital
work-in-progress |
0.132 |
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 |
8.885 |
9.120 |
6.457 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
37.452 |
30.871 |
27.527 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
19.516 |
6.790 |
4.052 |
|
(d) Cash and cash
equivalents |
62.072 |
18.089 |
39.425 |
|
(e) Short-term loans and
advances |
0.629 |
0.365 |
7.232 |
|
(f) Other current assets |
20.294 |
12.160 |
0.000 |
|
Total Current Assets |
102.511 |
37.404 |
50.709 |
|
|
|
|
|
|
TOTAL |
139.963 |
68.275 |
78.236 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
132.414 |
92.415 |
68.288 |
|
|
Other Income |
3.574 |
5.813 |
5.929 |
|
|
TOTAL |
135.988 |
98.228 |
74.217 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
64.252 |
47.673 |
31.026 |
|
|
Other expenses |
53.011 |
36.347 |
33.768 |
|
|
TOTAL |
117.263 |
84.020 |
64.794 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
18.725 |
14.208 |
9.423 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.369 |
0.642 |
0.760 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
17.356 |
13.566 |
8.663 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.986 |
8.017 |
4.864 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
9.370 |
5.549 |
3.799 |
|
|
|
|
|
|
|
Less |
TAX |
0.717 |
1.230 |
0.759 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
8.653 |
4.319 |
3.040 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
0.99 |
1.76 |
2.35 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.171 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
53.80 |
26.82 |
21.66 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
6.78 |
13.61 |
16.85 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.66 |
0.65 |
0.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.43 |
1.45 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.07 |
(0.01) |
(0.04) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.97 |
(1.18) |
(3.15) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.61 |
(0.88) |
(0.59) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
13.68 |
22.13 |
12.40 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
6.53 |
4.67 |
4.45 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.18 |
6.33 |
3.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.54 |
(17.56) |
(8.55) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.12 |
1.29 |
0.45 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.12 |
1.29 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.33 |
(0.36) |
(0.45) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.57 |
0.01 |
0.08 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.12 |
1.29 |
0.45 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
17.500 |
24.500 |
87.109 |
|
Reserves & Surplus |
(53.061) |
(49.101) |
(40.449) |
|
Net worth |
(35.561) |
(24.601) |
46.660 |
|
|
|
|
|
|
long-term borrowings |
1.255 |
0.364 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
49.999 |
|
Total borrowings |
1.426 |
0.364 |
49.999 |
|
Debt/Equity ratio |
(0.040) |
(0.015) |
1.072 |
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 |
68.288 |
92.415 |
132.414 |
|
|
|
35.331 |
43.282 |
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 |
68.288 |
92.415 |
132.414 |
|
Profit/(Loss) |
3.040 |
4.319 |
8.653 |
|
|
4.45% |
4.67% |
6.53% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered office
of the company has been shifted from “Unique Apartment, Shop 8 & 9, IRLA,
S.V. Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India” to the
present address w.e.f.01.09.2013
OPERATION:
The total revenue of the operations during the year is INR 135.988
Million and net profit of INR 8.653 Million against total revenue from the
operation during the previous year of INR 98.228 Million and net profit of INR
4.319 Million.
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF
MODIFICATION |
DATE OF
SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G43840594 |
100097356 |
THE FEDERAL BANK LTD |
19/04/2017 |
- |
- |
70000000.0 |
GROUND FLOOR, MONARCHBHUPENDRA ROAD, OPP.RAJASHREE CINEMARAJKOTGJ360001IN |
FIXED ASSETS:
- Furniture and fixture
- Vehicle
- Motor vehicle
- Office equipment
- Computer equipment
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 63.52 |
|
|
1 |
INR 86.05 |
|
Euro |
1 |
INR 76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKTS |
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.