|
|
|
MIRA INFORM REPORT
|
Report No. : |
482256 |
|
Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
BHARGAVI POLYMER |
|
|
|
|
Formerly Known
As : |
SHIVA SAKTHI INDUSTRIAL WORKS |
|
|
|
|
Registered
Office : |
No 12/1, New SIDCO Industrial Estate, Sri Nagar, Hosur- 635109,
Tamilnadu |
|
Mobile No.: |
91-9443353758 (Mr. B Rajavelu) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
18.06.2015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 23.364 Lacs |
|
|
|
|
IEC No.: |
Not Applicable |
|
|
|
|
GSTIN/UIN: |
33AJNPR3589F2ZQ |
|
|
|
|
TIN No.: |
33956322223 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AJNPR3589F |
|
|
|
|
SSI
Reg. No.: |
-- |
|
|
|
|
Shop &
Establishment Certificate No.: |
-- |
|
|
|
|
ISO Certificates
: |
150902019151 Start Date: 02.09.2015
Expiry Date: 01.09.2018 |
|
|
|
|
Udyog Aadhaar
No.: |
TN11A0008573 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer
of Plastic injection moulding for automobile. |
|
|
|
|
No. of Employees
: |
12 (Approximately) |
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 : |
Small Concern |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a small proprietary concern started in the year 2015. It is a manufacturer of plastic injection moulding for automobile. As per available financials of 2017, the concern has increased its revenue from operation and maintained decent profitability margin of 12.06%. However, rating takes into consideration moderate financial profile of the concern marked by modest cash balance and unfavourable gap between trade payables and receivables. Further rating is constrained on account of modest scale of revenue profile, short track of business operation and intensely competitive nature of industry. Trade relations are reported as fair. Business is active. Payments are reported to be slow but correct. The concern can be considered for business dealings with some caution. Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the subject on the given address. At the premises our executive met to Mr. B Rajavelu (Proprietor). As per our executive observation, location of the concern is easy to find. Landmark was near Ananda Bhaver Hotel, near Hosur Bus Stand. It is a 1 storey building and firm is situated on ground floor. Locality appears to be industrial. Area seems to be neutral. Area of the premises was 3000 (SQ.FT) and 12 employees were sighted into premises. Name board of the concern was sighted at the given address. Further, our executive also enquired from neighbours i.e. Mr. Balaji (Kamakshi Plastic Components) and Mr. Elaw Parithi (Sona Enterprises) and they were also confirmed that concern is exists on given address. |
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 18.01.2018
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. B Rajavelu |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9443353758 |
|
Date : |
17.01.2018 |
LOCATIONS
|
Registered Office / Factory: |
No 12/1, New SIDCO Industrial Estate, Sri Nagar, Hosur- 635109,
Tamilnadu, India |
|
Tel. No.: |
91-4344-245358 |
|
Mobile No.: |
91-9443353758 (Mr. B Rajavelu) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
1500 Sq. Ft |
|
Location : |
Rented |
|
Locality : |
Industrial |
SOLE PROPRIETOR
|
Name : |
Mr. B Rajavelu |
|
Designation : |
Proprietor |
|
Address : |
D No. 3/90, Lakshmi Narayana Nagar, 3rd Main, 8th
Cross, Hosur, Tamilnadu, India |
|
Mobile No.: |
91-9443353758 |
|
Email: |
|
|
Date of Birth/Age : |
31.07.1985 |
|
Qualification : |
BBA |
|
Aadhaar Card No: |
7330 9619 1823 |
|
PAN No.: |
AJNPR3589F |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Plastic injection moulding for automobile. |
|||||||||
|
|
|
|||||||||
|
Products : |
|
|||||||||
|
|
|
|||||||||
|
Brand Names : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Agencies Held : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Exports : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Imports : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Terms : |
|
|||||||||
|
Selling : |
Local: Credit (100%) |
|||||||||
|
|
|
|||||||||
|
Purchasing : |
Local: Credit (30 Days) (100%) |
PRODUCTION DETAILS
|
Types of goods |
Unit of measurement |
No of shifts |
|
|
|
|
|
Plastic |
EA |
2 |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Customers : |
Manufacturer
|
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
No. of Employees : |
12 (Approximately) |
||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
B C Vadivel and Company Chartered Accountants |
|
Address : |
65/13, First Floor, BKPMM’s Complex, Opposite ‘K’ Theatre, Krishnagiri
– 635001, Tamilnadu, India |
|
Mobile No.: |
91-9443464111 |
|
Tel No.: |
91-4343-235431 |
|
Email: |
|
|
Membership No.: |
206700 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
CAPITA ACCOUNT |
INR IN LACS |
|
|
|
|
Opening capital |
17.785 |
|
Add: Net profit |
9.139 |
|
|
26.924 |
|
Less: Drawings |
3.560 |
|
|
|
|
Total |
23.364 |
FINANCIAL DATA
[all figures are
INR Lacs]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Capital Account |
23.364 |
17.785 |
15.475 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.364 |
17.785 |
15.475 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
41.011 |
9.970 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
41.011 |
9.970 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
64.375 |
27.755 |
15.475 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
43.699 |
5.169 |
6.213 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
3.653 |
2.152 |
4.860 |
|
|
Sundry Debtors |
15.633 |
13.526 |
3.263 |
|
|
Cash & Bank Balances |
1.705 |
1.083 |
0.375 |
|
|
Other Current Assets |
4.260 |
9.256 |
4.256 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
25.251
|
26.017
|
12.754
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.565 |
3.270 |
3.492 |
|
|
Other Current Liabilities |
0.010 |
0.161 |
0.000 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
4.575
|
3.431
|
3.492
|
|
|
Net Current Assets |
20.676 |
22.586 |
9.262 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
64.375 |
27.755 |
15.475 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
75.809 |
45.744 |
34.177 |
|
|
Other Income |
3.563 |
3.563 |
8.928 |
|
|
TOTAL |
79.372 |
49.307 |
43.105 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
37.969 |
20.338 |
15.808 |
|
|
Salaries and Wages |
7.908 |
6.352 |
8.633 |
|
|
Electricity Charges |
2.663 |
1.582 |
0.741 |
|
|
Consumables |
14.889 |
9.938 |
8.509 |
|
|
Auditor Fees |
0.045 |
0.050 |
0.040 |
|
|
Accounting Charges |
0.000 |
0.000 |
0.180 |
|
|
Rent |
1.620 |
1.620 |
1.530 |
|
|
Repairs and Maintenance |
0.169 |
0.157 |
0.153 |
|
|
Travelling Expense |
0.198 |
0.167 |
0.196 |
|
|
Staff Welfare |
0.475 |
0.390 |
0.265 |
|
|
Office Expense |
0.163 |
0.156 |
0.126 |
|
|
Printing and Stationery |
0.224 |
0.185 |
0.165 |
|
|
Loan processing fees |
0.601 |
0.328 |
0.000 |
|
|
Postage and Courier
Charges |
0.019 |
0.015 |
0.010 |
|
|
Vehicle Maintenance |
0.195 |
0.162 |
0.133 |
|
|
Telephone Expense |
0.196 |
0.163 |
0.264 |
|
|
TOTAL |
67.334 |
41.603 |
36.753 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
12.038 |
7.704 |
6.352 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.078 |
0.791 |
0.065 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.960 |
6.913 |
6.287 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.820 |
1.044 |
1.431 |
|
|
|
|
|
|
|
|
NET PROFIT |
9.140 |
5.869 |
4.856 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
75.27 |
107.93 |
34.85 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
4.85 |
3.38 |
10.47 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
43.88 |
58.69 |
80.63 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.30 |
3.58 |
1.31 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.28 |
1.49 |
1.02 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.66 |
0.43 |
0.18 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.76 |
0.56 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.20 |
0.19 |
0.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
1.87 |
0.29 |
0.40 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
5.79 |
9.74 |
97.72 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
12.06 |
12.83 |
14.21 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
13.26 |
18.82 |
25.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
39.12 |
33.00 |
31.38 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
5.52 |
7.58 |
3.65 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
4.72 |
6.96 |
2.26 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.34 |
0.57 |
0.82 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.76 |
0.56 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
5.52 |
7.58 |
3.65 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Capital Account |
15.475 |
17.785 |
23.364 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net worth |
15.475 |
17.785 |
23.364 |
|
|
|
|
|
|
Secured Loans |
0.000 |
9.970 |
41.011 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
9.970 |
41.011 |
|
Debt/Equity ratio |
0.000 |
0.561 |
1.755 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
34.177 |
45.744 |
75.809 |
|
|
|
33.844 |
65.724 |
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 |
34.177 |
45.744 |
75.809 |
|
Profit/(Loss) |
4.856 |
5.869 |
9.140 |
|
|
14.21% |
12.83% |
12.06% |
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 |
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 |
Yes |
|
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 |
Yes |
|
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 |
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 |
INSURANCE
|
Name of the insurance company |
Type of insurance |
Items insured |
Sum Insured in Lacs |
Valid From |
Valid Up to |
|
|
|
|
|
|
|
|
United India |
Fire Insurance |
All |
INR 25.000 Lacs |
17.08.2017 |
16.08.2018 |
FIXED ASSETS
- Furniture, Electrical Fittings
- Plant, Machinery, Cars
- Computer, Software
- Books (Profession)
- Gas Cylinders
|
OBSERVATION POINTS |
|
Name of Company : |
BHARGAVI POLYMER |
|
|
|
|
Address : |
No 12/1, New SIDCO Industrial Estate, Sri Nagar, Hosur- 635109,
Tamilnadu, India |
|
|
|
|
Mobile No.: |
91-9443353758 |
|
|
|
|
Email : |
|
|
|
|
|
Person to whom we met: |
Name: Mr. B
Rajavelu Designation: Proprietor |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Ananda Bhaver Hotel, Near Hosur Bus Stand |
|
|
|
|
Total Floors of the building: |
Ground + 1 Floor |
|
|
|
|
Subject situated on: |
Ground Floor |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of premises : |
3000 Sq. Ft |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Level of
operation : |
Medium |
|
|
|
|
No. of employees seen at premises: |
12 |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Office Equipment ·
Xerox Machine |
|
|
|
|
Furniture items
sighted : |
Yes |
|
|
|
|
Sister Concerns
(Other name on name board: |
NA |
|
|
|
|
Neighbour’s
interview : |
Name of Company: Kamakshi Plastic Components Contact Person Name: Mr. Balaji Name of Company: Sona Enterprises Contact Person Name: Mr. Elaw Parithi |
|
|
|
|
Proof of visit: |
Visiting Card / Photograph |
|
|
|
|
Photograph: |
Exterior with name board / Interior / Shop Floor / Stock etc. |
|
|
|
|
Details of the person conducting visit: |
|
|
|
|
|
Name: |
Mr. Mohan M S |
|
Designation |
Filed Executive |
|
Contact No.: |
91-9986013246 |
|
Date: |
17.01.2018 |
PICTURES
NEIGHBOURS
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 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 (as on
18.01.2018) (date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
TRU |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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
This report is issued at your
request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·