|
|
|
MIRA INFORM REPORT
|
Report No. : |
486006 |
|
Report Date : |
17.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BLACK & VEATCH CORPORATION |
|
|
|
|
Project
Office : |
7th Floor, Empire
Plaza Phase-II, CTS 9, Village Hariyali, LBS Marg, Vikhroli (West), Mumbai -
400083, Maharashtra |
|
Tel. No.: |
91-22-62122222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
10.07.2015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 367.375 Million |
|
|
|
|
FCRN.: |
F04928 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GST No.: |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Foreign Registered Company |
|
|
|
|
Line of Business
: |
Subject is a leading Global Engineering Consulting and Construction Company and Specialise in Energy, Water, Telecommunication, Federal and Management Consulting. Black & Veatch group has the Financial and Technical Resources to Execute Projects from the most to the highly complex. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a branch of a Foreign Registered Company and was incorporated in the year 2015. It is engaged in construction activity. For the financial year 2017, the company has achieved a massive growth in its revenue as compared to previous year and has reported an average profit margin of 2.12%. The overall financial profile of the company seems to be satisfactory marked by sufficient networth base along with strong debt coverage indicators due to debt free balance sheet profile. Business is active. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Site Visit was conducted at the given address and our executive has successfully traced the subject on the given address. At the premises our executive met Mr. Suresh Edge (Security) and he provided contact details and confirmed that subject is situated at the given address. As per our executive’s observation, it is a 7 storey building and the subject situated on the 7th floor. Location was easy to find and locality appears to be commercial. Area seems to be neutral and 05 employees were sighted at the premises. Name board of the subject was not sighted at the given address, instead name board of “Black & Veatch Private Limited” was sighted. |
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
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 17.01.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-62122222]
LOCATIONS
|
Registered Office : |
11401, Lamar
Avenue, Overland Park, KS 66211, USA |
|
Tel. No.: |
+1 913-458-2000 |
|
Fax No.: |
+1 913-458-7959 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Project Office : |
7th Floor, Empire
Plaza Phase-II, CTS 9, Village Hariyali, LBS Marg, Vikhroli (West), Mumbai -
400083, Maharashtra, India |
|
Tel. No.: |
91-22-62122222 |
|
Locality: |
Commercial [As per site visit] |
|
|
|
|
Branch Offices : |
Located at : ·
612 Mercantile House, 15 Kasturba Gandhi Marg,
New Delhi 110001 India Tel. No.: 91-11-43646681 · Commerzone - Building No. 6, 6th Floor Samrat Ashoka Path, Off Airport Road, Yerawada, Pune-411006, Maharashtra, India Tel. No.: 91-20-30537200 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Timothy W. Triplett |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
G.C. Hedemann |
|
Designation : |
Executive Vice President and Secretary |
|
|
|
|
Name : |
Mr. Punit Kumar Mishra |
|
Designation : |
Project Manager |
|
Address : |
B-704, Aishwarya Apartment, Behind Inox Multiplex, Ellora Park,
Vadodara-390007, Gujarat, India |
|
Date of Birth/Age : |
01.07.1965 |
|
PAN No.: |
ABGPM6960Q |
|
Passport No.: |
J3702657 |
|
|
|
|
Name : |
Mr. Bhaunik Shah |
|
Designation : |
Authorized Representative |
|
Address : |
B/606, Rajshree CHSL, Royal Complex, Eksar Road, Borivali (West),
Mumbai-400091, Maharashtra, India |
|
Date of Birth/Age : |
30.01.1984 |
|
PAN No.: |
AXBPS4644Q |
|
Passport No.: |
H0556638 |
|
|
|
|
Name : |
Mr. Manish Asarkar |
|
Designation : |
Authorized Representative |
|
Address : |
A-103, Navbharat Co-op Hsg Soc, Plot No. - 8, Sector – 02, New
Panvel-410206, Maharashtra, India |
|
Date of Birth/Age : |
07.06.1970 |
|
PAN No.: |
ABBPA6527C |
|
Passport No.: |
H0556638 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
NOT AVAILABLE
BUSINESS DETAILS
|
Line of Business : |
Subject is a leading Global Engineering Consulting and Construction Company and Specialise in Energy, Water, Telecommunication, Federal and Management Consulting. Black & Veatch group has the Financial and Technical Resources to Execute Projects from the most to the highly complex. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company LLP Chartered Accountants |
|
Address : |
16th Floor, Tower II, Indiabulls Finance Centre S B Marg,
Elphinstone (W), Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-66262600 |
|
Fax No.: |
91-22-66262601 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprise where control exists : |
Head Office Black and Veatch Corporation (BVCOR) Ultimate holding
Company Black & Veatch Holding Company |
|
|
|
|
Other related parties (to the extent transaction have been taken
during the period) subsidiary of BVCOR : |
Black and Veatch Private Limited |
CAPITAL STRUCTURE
HEAD
OFFICE ACCOUNT AS ON 31.03.2017
|
PARTICULARS |
INR IN MILLION |
|
Balance at the beginning of the year |
131.182 |
|
Add: Capital received from head office (net) |
188.041 |
|
Add: Profit for the period |
48.152 |
|
|
----------- |
|
Total |
367.375 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Head Office Account |
|
367.375 |
131.182 |
|
(b) Reserves & Surplus |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
367.375 |
131.182 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.019 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
0.000 |
0.019 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
1585.512 |
125.923 |
|
(c)
Other current liabilities |
|
38.545 |
2.363 |
|
(d)
Short-term provisions |
|
0.000 |
29.158 |
|
Total
Current Liabilities (4) |
|
1624.057 |
157.444 |
|
|
|
|
|
|
TOTAL |
|
1991.432 |
288.645 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
1.096 |
0.395 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.034 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
59.333 |
0.365 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
60.463 |
0.760 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
204.826 |
42.758 |
|
(d)
Cash and cash equivalents |
|
13.223 |
230.428 |
|
(e)
Short-term loans and advances |
|
266.029 |
1.948 |
|
(f)
Other current assets |
|
1446.891 |
12.751 |
|
Total
Current Assets |
|
1930.969 |
287.885 |
|
|
|
|
|
|
TOTAL |
|
1991.432 |
288.645 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
2270.352 |
343.641 |
|
|
|
Other Income |
|
0.000 |
0.112 |
|
|
|
TOTAL |
|
2270.352 |
343.753 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Procurement cost |
|
1497.747 |
95.889 |
|
|
|
Subcontracting expenses |
|
200.723 |
56.871 |
|
|
|
Other expenses |
|
460.398 |
98.271 |
|
|
|
TOTAL |
|
2158.868 |
251.031 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
111.484 |
92.722 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
28.000 |
5.433 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
83.484 |
87.289 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.325 |
0.023 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
83.159 |
87.266 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
35.007 |
36.673 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
48.152 |
50.593 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
|
|
|
|
|
Cash (used in)/ generated from operations |
|
(275.142) |
157.754 |
|
|
|
|
|
|
Net Cash (used in)/ generated from operating activities |
|
(404.221) |
150.259 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
32.93 |
45.42 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
11.08 |
8.04 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
101.72 |
234.74 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
0.82 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
4.42 |
1.20 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
3.98 |
17.07 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
|
2.12 |
14.72 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
2.42 |
17.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
13.11 |
38.57 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
1.19 |
1.83 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
1.19 |
1.83 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
0.18 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
1.19 |
1.83 |
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 |
|
Head Office Account |
131.182 |
367.375 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
131.182 |
367.375 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
343.641 |
2270.352 |
|
|
|
560.676 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
343.641 |
2270.352 |
|
Profit/ (Loss) |
50.593 |
48.152 |
|
|
14.72% |
2.12% |
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 |
Yes |
|
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 |
No |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
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 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OBSERVATION POINTS
|
Name of Company : |
BLACK & VEATCH CORPORATION |
|
|
|
|
Address : |
Empire Plaza
Phase-II, 7th Floor, CST 9, Village Hariyali, LBS Marg, Vikhroli (West),
Mumbai - 400083, Maharashtra, India |
|
Contact No.: |
91-22-62122222 |
|
|
|
|
Person to whom we met: |
Mr. Suresh Edge (Security) |
|
|
|
|
Name Board : |
Not Sighted [Name board of the subject was not sighted at the given address, instead name board of “Black & Veatch Private Limited” was sighted.] |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Empire Plaza |
|
|
|
|
Total Floors of the Building : |
7 Floors |
|
|
|
|
Subject situated on: |
7th Floor |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
05 [Approx.] |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioner ·
Office Equipment |
|
|
|
|
Proof of visit: |
Photos |
NATURE OF OPERATION
Black & Veatch corporation (BVCOR) is company registered in the united states of America. BVCOR is a leading global engineering consulting and construction company and specialise in Energy, water, telecommunication, federal and management consulting. black & veatch group has the financial and technical resources to execute projects from the most to the highly complex.
On 10 July 2015, BVCOR received an approval form reserve bank of India for opening a projects office in India to executive (along with others) an engineering consultancy service (including procurement) contract awarded by Indian oil company limited (IOCL) for regasification facilities for LNG receiving terminal at the Ennore port in the state of Tamil Nadu, India. (Project Office).
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
Tangible Assets
·
Furniture and Fixtures
·
Office Equipment
·
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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 63.76 |
|
UK Pound |
1 |
INR 87.91 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
VAR |
|
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Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.