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|
MIRA INFORM REPORT
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Report No. : |
487002 |
|
Report Date : |
19.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMCOR RIGID PLASTICS INDIA PRIVATE LIMITED (w.e.f
11.05.2010) |
|
|
|
|
Formerly Known
As : |
AMCOR PET PACKAGING ASIA PRIVATE LIMITED CONTINENTAL PET INDIA PRIVATE LIMITED |
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Registered
Office : |
Gat No. 119-123, Village Dhanore, Alandi Markal Road, Taluka Khed,
Pune – 412105, Maharashtra |
|
Tel. No.: |
91-2135-396000/232537/63/64/65 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
29.03.1995 |
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|
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|
Com. Reg. No.: |
11-108220 |
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Capital
Investment / Paid-up Capital : |
INR 185.772 Million |
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|
|
CIN No.: [Company Identification
No.] |
U25207PN1995PTC108220 |
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IEC No.: |
3197030974 |
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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.] |
AADCS6330D |
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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 manufacturing
PET Preforms and Bottles products. (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 : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a wholly owned subsidiary of “Amcor Limited”, Australia. The
company was incorporated in the year 1995. For the financial year 2017, the revenue of the company has increased
by 7.97% along with fair profit margin of 11.14%. The sound financial profile of the company is marked by adequate
networth base along with strong coverage indicators due to debt free balance
sheet profile. Rating takes into consideration strong financial and managerial
support that company receives from its holding entity backed by its well
experienced management team. The rating also takes into consideration the subject’s long track
record of business operations along with extensive experience of its
promoters. Business is active. Payments are reported to be regular. In view of aforesaid, the company 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.
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 19.01.2018
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 (91-2135-396000)
Given Number is not working = (91-2135-232537)
LOCATIONS
|
Registered Office : |
Gat No. 119-123, Village Dhanore, Alandi Markal Road, Taluka Khed,
Pune – 412105, Maharashtra, India |
|
Tel. No.: |
91-2135-396000/232537/63/64/65 |
|
Fax No.: |
91-2135-232538/396517 |
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E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Anil Krishnaji Kale |
|
Designation : |
Director |
|
Address : |
'F' Wing, 205, Sumer Castle LBS Marg, Thane – 400601,
Maharashtra, India |
|
Date of Appointment : |
18.07.2017 |
|
DIN No.: |
00046855 |
|
|
|
|
Name : |
Mr. Pranesh Madhu Kankanwadi |
|
Designation : |
Director |
|
Address : |
Flat No.604, Building No.53, Nri Complex, Phase II, Sector
54 56 58, Nerul, Navi Mumbai – 400706, Maharashtra, India |
|
Date of Appointment : |
27.06.2016 |
|
DIN No.: |
00047425 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Dhiman |
|
Designation : |
Director |
|
Address : |
Flat No. 701, Building A2, Cosmos Regency, Baner Road, Pune – 411045, Maharashtra, India |
|
Date of Birth/Age : |
05.08.1971 |
|
Date of Appointment : |
21.09.2013 |
|
DIN No.: |
02796730 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Amcor Limited, Australia |
|
18577201 |
|
Amcor Holdings (Australia) Pty Limited, Australia |
|
1 |
|
Total |
|
18577202 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing
PET Preforms and Bottles products. (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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Auditors : |
|
|
Name : |
B S R and Company LLP Chartered Accountants |
|
Address : |
1st Floor, Lodha Excelus, Apollo Mills Compound, N.M. Joshi Marg, Mahalakshmi, Mumbai – 400011, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFB9852F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
· Amcor Limited, Australia |
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|
Fellow
Subsidiaries: |
· Amcor Flexibles Singapore Pte Limited ·
Amcor Flexibles India Private Limited –
[U27203MH2006FTC166397] |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24000000 |
Equity Shares |
INR 10/- each |
INR 240.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18577202 |
Equity Shares |
INR 10/- each |
INR 185.772 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
185.772 |
185.772 |
185.772 |
|
(b) Reserves and Surplus |
417.481 |
348.297 |
289.651 |
|
(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) |
603.253 |
534.069 |
475.423 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
11.644 |
16.780 |
15.231 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.882 |
3.165 |
2.695 |
|
Total Non-current
Liabilities (3) |
14.526 |
19.945 |
17.926 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
131.431 |
112.215 |
52.175 |
|
(c) Other current
liabilities |
70.205 |
118.383 |
93.986 |
|
(d) Short-term
provisions |
21.265 |
38.878 |
13.101 |
|
Total Current
Liabilities (4) |
222.901 |
269.476 |
159.262 |
|
|
|
|
|
|
TOTAL |
840.680 |
823.490 |
652.611 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
295.006 |
359.820 |
321.646 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.077 |
0.452 |
15.162 |
|
(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 loans and advances |
40.483 |
37.579 |
4.370 |
|
(e) Other Non-current
assets |
4.072 |
4.072 |
0.000 |
|
Total Non-Current
Assets |
339.638 |
401.923 |
341.178 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
49.166 |
59.155 |
46.775 |
|
(c) Trade receivables |
118.356 |
61.403 |
75.447 |
|
(d) Cash and
bank balances |
93.543 |
179.374 |
43.458 |
|
(e)
Short-term loans and advances |
230.595 |
116.891 |
145.122 |
|
(f) Other
current assets |
9.382 |
4.744 |
0.631 |
|
Total
Current Assets |
501.042 |
421.567 |
311.433 |
|
|
|
|
|
|
TOTAL |
840.680 |
823.490 |
652.611 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
616.490 |
570.976 |
474.442 |
|
|
Other Income |
45.450 |
13.900 |
11.346 |
|
|
TOTAL |
661.940 |
584.876 |
485.788 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
247.738 |
189.540 |
176.479 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
6.474 |
(5.242) |
15.837 |
|
|
Employee benefit expense |
38.169 |
32.136 |
25.686 |
|
|
Other expenses |
178.692 |
196.161 |
149.287 |
|
|
TOTAL |
471.073 |
412.595 |
367.289 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
190.867 |
172.281 |
118.499 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.701 |
10.862 |
1.690 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
175.166 |
161.419 |
116.809 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
70.147 |
72.918 |
56.807 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
105.019 |
88.501 |
60.002 |
|
|
|
|
|
|
|
Less |
TAX |
36.324 |
29.856 |
17.612 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
68.695 |
58.645 |
42.390 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
3.656 |
6.086 |
4.626 |
|
|
Capital Goods |
3.024 |
95.180 |
52.981 |
|
|
TOTAL IMPORTS |
6.679 |
101.266 |
57.608 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
3.69 |
3.15 |
2.28 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
122.378 |
252.229 |
100.540 |
|
Net cash flows from (used in) operations |
58.895 |
232.005 |
91.297 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
70.07 |
39.25 |
58.04 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.21 |
9.30 |
6.29 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
193.64 |
216.09 |
107.91 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.88 |
2.91 |
2.53 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.65 |
0.48 |
0.35 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.27 |
0.33 |
0.24 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.37 |
0.50 |
0.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.49 |
0.67 |
0.71 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
12.16 |
15.86 |
70.12 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
11.14 |
10.27 |
8.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.17 |
7.12 |
6.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
11.39 |
10.98 |
8.92 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
2.25 |
1.56 |
1.96 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
2.03 |
1.34 |
1.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.72 |
0.65 |
0.73 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.25 |
1.56 |
1.96 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
185.772 |
185.772 |
185.772 |
|
Reserves & Surplus |
289.651 |
348.297 |
417.481 |
|
Net
worth |
475.423 |
534.069 |
603.253 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
474.442 |
570.976 |
616.490 |
|
|
|
20.347 |
7.971 |
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 |
474.442 |
570.976 |
616.490 |
|
Profit/ (Loss) |
42.390 |
58.645 |
68.695 |
|
|
8.93
% |
10.27
% |
11.14
% |
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 |
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 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 |
General Information
about the Company:
The company is engaged in the business of manufacturing PET Preforms and Bottles products. The Company has one manufacturing plant in India at Pune. The Company is a private limited company and is a 100% subsidiary of Amcor Limited, Australia
Financial
Performance
During the year the beverage sector faced challenging market conditions due to demonitisation and other factors which resulted in volume remaining at the same level as that of previous year. However, the profitability improved from INR 58.65mn to INR 68.70mn due to better margin in product sales and other income
Business Outlook
The demand for beverage products continues to be weak and entry of small players with aggressive pricing is affecting growth potential. The Company is focussing on increasing customer base to maintain volume growth.
INDEX OF CHARGE: No Charges Exists for Company
FIXED ASSETS:
·
Land (Freehold)
·
Factory Building
·
Office Building
·
Plant and Machinery
·
Electrical Installations
·
Office and Other
Equipments
·
Furniture
·
Vehicles
·
Computer Software
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 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 63.84 |
|
|
1 |
INR 88.28 |
|
Euro |
1 |
INR 77.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRI |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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.