|
|
|
%2015-Jan-2018_files/image013.jpg){kind=small}
%2015-Jan-2018_files/image014.jpg)
%2015-Jan-2018_files/image016.gif)
MIRA INFORM REPORT
|
Report No. : |
482040.2 |
|
Report Date : |
15.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BREW FORCE TECHNOLOGIES |
|
|
|
|
Registered
Office : |
F-42 Shopping Complex-1, Mansarovar Garden, New Delhi - 110015 |
|
Tel. No.: |
91-11-40574893 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
30.04.2008 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 78.845 Million |
|
|
|
|
IEC No.: |
0510045880 |
|
|
|
|
GSTIN: |
05AAJFB2358P2Z3 /07AAJFB2358P1Z0 |
|
|
|
|
TIN/ CST No.: |
05008910251/07750445920 |
|
|
|
|
Service Tax
Registration number: |
AAJFB2358PSD001 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJFB2358P |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Importer of industrial plant
brewery and distilleries, RTD plant, food processing machineries (Confirmed by management) |
|
|
|
|
No. of Employees
: |
70 Approximately (In office:20, In Factory 50) |
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 partnership firm established in the year 2008 and it is a manufacturer, trader, importer and exporter of industrial plant brewery and distilleries, RTD plant and food processing machineries. As per the financials of March 2017, the subject has registered a growth of 30.74% in its sales turnover as compared to its previous year’s sales turnover and has reported average profit margin of 1.39% under review. Rating take into consideration the subject’s satisfactory track record of business operations marked by sound capital base along with average debt coverage indicators and decent liquidity position. Further, customer (Devans Modern Breweries Limited and NEFA Breweries Private Limited) and supplier (Jindal Stainless Steelway Limited and Mehta Steel House) gave positive response about the subject and they are satisfied with the overall performance of the subject. Payments are reported to be usually correct. In view of aforesaid, the subject 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 |
SMERA |
|
Rating |
Long term rating = BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
15.11.2017 |
|
Rating Agency Name |
SMERA |
|
Rating |
Short term rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
15.11.2017 |
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 PARTED BY
|
Name : |
Mr. Ashish Gupta |
|
Designation : |
Assistant Manager (Accounts) |
|
Contact No.: |
91-9899862243 / 9899048568 |
|
Date : |
21.12.2017 |
LOCATIONS
|
Registered Office : |
F-42 Shopping Complex-1, Mansarovar Garden, New Delhi – 110015, India |
|
Tel. No.: |
91-11-40574893 |
|
Mobile No.: |
91-9899862243 / 9899048568 (Mr. Ashish Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1797 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Kh. No 122MI Central Hope Town, Selaqui, , Dehradun – 248011,
Uttrakhand, India |
|
E-Mail : |
|
|
Area : |
40329 Sq. Ft. |
|
Location: |
Owned |
PARTNERS
|
Name : |
Mr. Balbir Singh Malhotra |
|
Designation : |
Partner |
|
Address : |
WZ-22/1, New Sahibpura, Tilak Nagar, New Delhi – 110018, India |
|
Date of Birth/Age : |
47 Years |
|
Qualification : |
Graduate |
|
Experience : |
29 Years |
|
|
|
|
Name : |
Mr. Pritam Singh |
|
Designation : |
Partner |
|
Address : |
WZ-22/1 New Sahibpura, Tilak Nagar, New Delhi – 110018, India |
|
Date of Birth/Age : |
75 Years |
|
Qualification : |
Matric |
|
Experience : |
50 Years |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Gupta |
|
Designation : |
Assistant Manager (Accounts) |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Importer of industrial plant
brewery and distilleries, RTD plant, food processing machineries (Confirmed by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit (30 Days) |
|
|
|
|
Purchasing : |
Credit (60 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
70 Approximately (In Office:20, In Factory 50) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Surjeet Singh Virdi and Company Chartered Accountants |
|
Address : |
25/33, East Patel Nagar, New Delhi – 110008, India |
|
Tel No.: |
91-11-25712100 |
|
E-Mail : |
|
|
Membership No.: |
091222 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
Capital Investment : |
|
|
Owned : |
INR 78.845 Million |
|
Borrowed : |
-- |
|
Total : |
INR 78.845
Million |
FINANCIAL DATA
[all figures are
INR Million]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partners Capital |
78.845 |
80.256 |
70.905 |
|
(b) Reserves &
Surplus |
0.000 |
0.000 |
0.000 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
78.845 |
80.256 |
70.905 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
96.881 |
76.289 |
79.785 |
|
(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) |
96.881 |
76.289 |
79.785 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
89.362 |
116.898 |
446.695 |
|
(c) Other current
liabilities |
286.910 |
111.534 |
41.178 |
|
(d) Short-term provisions |
2.737 |
1.752 |
4.461 |
|
Total Current Liabilities
(4) |
379.009 |
230.184 |
492.334 |
|
|
|
|
|
|
TOTAL |
554.735 |
386.729 |
643.024 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
114.486 |
108.097 |
44.006 |
|
(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 |
0.000 |
0.000 |
|
Total Non-Current Assets |
114.486 |
108.097 |
44.006 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.587 |
52.782 |
142.463 |
|
(c) Trade receivables |
103.255 |
133.220 |
256.402 |
|
(d) Cash and cash
equivalents |
30.123 |
14.726 |
9.528 |
|
(e) Short-term loans and
advances |
283.284 |
77.904 |
190.625 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
440.249 |
278.632 |
599.018 |
|
|
|
|
|
|
TOTAL |
554.735 |
386.729 |
643.024 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
726.957 |
556.030 |
1393.959 |
|
|
Other Income |
2.877 |
2.788 |
1.611 |
|
|
TOTAL |
729.834 |
558.818 |
1395.570 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
585.057 |
426.975 |
1243.292 |
|
|
Manufacturing Expenses |
31.936 |
38.277 |
54.913 |
|
|
Employees benefits
expense |
37.167 |
30.103 |
21.690 |
|
|
Other expenses |
37.909 |
38.227 |
44.255 |
|
|
TOTAL |
692.069 |
533.582 |
1364.150 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
37.765 |
25.236 |
31.420 |
|
|
|
|
|
|
|
Less |
FINANCIAL COST |
14.190 |
10.851 |
6.413 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
23.575 |
14.385 |
25.007 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
10.753 |
8.157 |
4.951 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
12.822 |
6.228 |
20.056 |
|
|
|
|
|
|
|
Less |
TAX |
2.736 |
4.461 |
4.460 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
10.086 |
1.767 |
15.596 |
|
|
|
|
|
|
|
|
IMPORT |
|
|
|
|
|
Raw
Material |
91.186 |
16.231 |
NA |
|
|
Total |
91.186 |
16.231 |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
51.84 |
87.45 |
67.14 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.04 |
4.17 |
5.44 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
55.75 |
99.93 |
131.14 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
1.60 |
0.48 |
0.22 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.33 |
0.23 |
0.71 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.86 |
0.79 |
0.89 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.23 |
0.95 |
1.13 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
4.81 |
2.87 |
6.94 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.45 |
1.35 |
0.62 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
2.66 |
2.33 |
4.90 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.39 |
0.32 |
1.12 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
1.82 |
0.46 |
2.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.79 |
2.20 |
22.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.16 |
1.21 |
1.22 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.10 |
0.98 |
0.93 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.14 |
0.21 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.23 |
0.95 |
1.13 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
1.16 |
1.21 |
1.22 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Partners Capital |
70.905 |
80.256 |
78.845 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
70.905 |
80.256 |
78.845 |
|
|
|
|
|
|
long-term borrowings |
79.785 |
76.289 |
96.881 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
79.785 |
76.289 |
96.881 |
|
Debt/Equity
ratio |
1.125 |
0.951 |
1.229 |
%2015-Jan-2018_files/image018.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1393.959 |
556.030 |
726.957 |
|
|
|
(60.111) |
30.741 |
%2015-Jan-2018_files/image020.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
1393.959 |
556.030 |
726.957 |
|
Profit |
15.596 |
1.767 |
10.086 |
|
|
1.12% |
0.32% |
1.39% |
%2015-Jan-2018_files/image022.gif)
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 |
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 |
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 |
-- |
|
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 |
Yes |
|
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 63.39 |
|
|
1 |
INR 85.74 |
|
Euro |
1 |
INR 76.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
POON |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
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 |
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.