|
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|
MIRA INFORM REPORT
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Report No. : |
486953 |
|
Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
JST STESALIT TRANSFORMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H.B. No. 214, Bhatauli Kalan, Hill Top, Industrial Area-1, Jharmajri, Tehsil Baddi, Baddi, Solan-174101, Himachal Pradesh |
|
Mobile No.: |
91-9805535504 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
04.02.2009 |
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Com. Reg. No.: |
06-031036 |
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Capital
Investment / Paid-up Capital : |
INR 135.151 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U31401HP2009PTC031036 |
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IEC No.: |
Not Available |
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GSTIN: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCJ1285D |
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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 designing, manufacturing, marketing, distributing, selling and servicing transformers and traction transformers (Registered Activity) |
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No. of Employees
: |
Not Available |
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 |
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Status : |
Moderate |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “JST Transformateurs SAS, France” having moderate track record. It is engaged as manufacturer, distributor, seller, and providing services of transformers and traction transformers. As per the financials of March 2017, the company has reported a dip in its revenue as compared to its previous year but has shown improvement in its profitability margin during the year. However the company possesses moderate financial risk profile marked by eroded net worth base due to previous year accumulated losses which has exceeded the capital and led to erosion of net worth and unfavourable gap between trade payables and trade receivables. Rating further gets constrained on account of vulnerability of its operating margins to volatility in raw material prices and its working capital intensive operations. However, these rating weakness gets partially offset by zero debt level along with strong financial and managerial support that the company receives from its holding entity. 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.
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 |
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 20.01.2018
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.
LOCATIONS
|
Registered Office/Factory : |
H.B. No. 214, Bhatauli Kalan, Hill Top, Industrial Area-1, Jharmajri, Tehsil Baddi, Baddi, Solan-174101, Himachal Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9805535504 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Eric Lajus |
|
Designation : |
Director |
|
Address : |
19 Rue De Montbrillant Lyon 69003 Fr |
|
Date of Birth/Age : |
05.04.1964 |
|
Date of Appointment : |
09.04.2009 |
|
DIN No.: |
02568613 |
|
|
|
|
Name : |
Mr. Anil Gupta |
|
Designation : |
Director |
|
Address : |
House No. 2247 Sector 38-C Chandigarh -160014, India |
|
Date of Appointment : |
16.06.2017 |
|
DIN No.: |
07836958 |
|
|
|
|
Name : |
Rolland Joseph Martin |
|
Designation : |
Director |
|
Address : |
62, Rue Saint Maximin 69003 Lyon France 1990 Fr |
|
Date of Appointment : |
03.08.2017 |
|
DIN No.: |
07860400 |
|
|
|
|
Name : |
Nicolas Pierre Gerard Barret |
|
Designation : |
Director |
|
Address : |
4, Rue Parmentier 69110 Sainte Foy Les Lyon France 1990 Fr |
|
Date of Appointment : |
03.08.2017 |
|
DIN No.: |
07860424 |
KEY EXECUTIVES
|
Name : |
Kulwinder Kaur |
|
Designation : |
Company Secretary |
|
Address : |
House No. 19, Phase-6, Mohali -160055, Punjab, India |
|
Date of Appointment : |
17.08.2017 |
|
PAN No.: |
CSQPK1437D |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
JST Transformateurs S.A.S, France |
9460562 |
70.00 |
|
Stesalit Limited, India |
4054527 |
30.00 |
|
Total |
13515089 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of designing, manufacturing, marketing, distributing, selling and servicing transformers and traction transformers (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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Auditors : |
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Name : |
Walker Chandiok and Company LLP Chartered Accountants |
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Address : |
B 406 A, 4th Floor, L& T Elante,Office, Industrial,Area, Phase-1,Chandigarh-160002, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFW4298E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company: |
|
CAPITAL STRUCTURE
As on 29.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14000000 |
Equity Shares |
INR 10/- each |
INR 140.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13515089 |
Equity Shares |
INR 10/- each |
INR 135.151 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 |
135.151 |
135.151 |
135.151 |
|
(b) Reserves & Surplus |
(230.321) |
(247.257) |
(238.061) |
|
(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) |
(95.170) |
(112.106) |
(102.910) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
1.859 |
1.026 |
0.648 |
|
Total Non-current
Liabilities (3) |
1.859 |
1.026 |
0.648 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
314.277 |
292.487 |
124.872 |
|
(c) Other current
liabilities |
16.031 |
14.695 |
119.986 |
|
(d) Short-term
provisions |
0.043 |
0.031 |
0.051 |
|
Total Current
Liabilities (4) |
330.351 |
307.213 |
244.909 |
|
|
|
|
|
|
TOTAL |
237.040 |
196.133 |
142.647 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
111.828 |
110.316 |
120.552 |
|
(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 |
1.966 |
1.743 |
1.764 |
|
(e) Other Non-current
assets |
0.056 |
0.153 |
0.123 |
|
Total Non-Current
Assets |
113.850 |
112.212 |
122.439 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
47.968 |
17.086 |
14.333 |
|
(c) Trade receivables |
46.731 |
54.841 |
0.001 |
|
(d) Cash
and cash equivalents |
18.120 |
10.277 |
3.886 |
|
(e)
Short-term loans and advances |
6.662 |
1.366 |
0.886 |
|
(f) Other
current assets |
3.709 |
0.351 |
1.102 |
|
Total
Current Assets |
123.190 |
83.921 |
20.208 |
|
|
|
|
|
|
TOTAL |
237.040 |
196.133 |
142.647 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Revenue
from operations |
223.994 |
263.650 |
11.559 |
|
|
Other Income |
27.994 |
0.509 |
28.684 |
|
|
TOTAL |
251.988 |
264.159 |
40.243 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
178.577 |
186.310 |
13.414 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.260) |
(0.636) |
(7.160) |
|
|
Employee benefit expense |
18.248 |
14.563 |
10.853 |
|
|
Other expenses |
38.587 |
57.912 |
19.191 |
|
|
Prior period items before tax |
0.000 |
0.000 |
0.063 |
|
|
TOTAL |
230.152 |
258.149 |
36.361 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
21.836 |
6.010 |
3.882 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.000 |
0.000 |
8.705 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
21.836 |
6.010 |
(4.823) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.900 |
15.206 |
14.163 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
16.936 |
(9.196) |
(18.986) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
16.936 |
(9.196) |
(18.986) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
1.25 |
(0.68) |
(1.40) |
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 |
|
Net cash flows from (used in) operations |
12.420 |
9.971 |
79.220 |
|
Net cash flows from (used in) operating activities |
11.973 |
9.463 |
79.513 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
76.15 |
75.92 |
0.03 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
4.79 |
4.81 |
11559.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
642.36 |
573.01 |
3397.81 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.46 |
0.35 |
0.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.20 |
0.05 |
0.03 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
1.39 |
1.57 |
1.72 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
(3.47) |
(2.74) |
(2.38) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
(1.18) |
(0.98) |
(1.17) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
0.00 |
0.00 |
0.45 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.56 |
(3.49) |
(164.25) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.14 |
(4.69) |
(13.31) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(17.80) |
8.20 |
18.45 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.37 |
0.27 |
0.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.23 |
0.22 |
0.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
(0.40) |
(0.57) |
(0.72) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.37 |
0.27 |
0.08 |
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) |
|
Share Capital |
135.151 |
135.151 |
135.151 |
|
Reserves & Surplus |
(238.061) |
(247.257) |
(230.321) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(102.910) |
(112.106) |
(95.170) |
|
|
|
|
|
|
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 |
11.559 |
263.650 |
223.994 |
|
|
|
2180.907 |
(15.041) |
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 |
11.559 |
263.650 |
223.994 |
|
Profit/ (Loss) |
(18.986) |
(9.196) |
16.936 |
|
|
(164.25
%) |
(3.49
%) |
7.56
% |
LEGAL CASES
|
Chief Judicial Magistrate, Chandigarh Case Details Case
Type : Comp - Complaint Case Status First Hearing Date : 14th March 2017 Petitioner and
Advocate 1)
REGISTRAR OF COMPANIES HIMACHAL PRADESH 1)
M/S JST STESALIT TRANSFORMERS PRIVATE LIMITED Acts
|
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 |
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 |
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] |
Litigations that the firm/promoter
involved in |
Yes |
|
32] |
Market information |
-- |
|
33] |
Payments terms |
No |
|
34] |
Negative Reporting by Auditors in the
Annual Report |
No |
BACKGROUND
The Company was incorporated as a company in India on 4 February 2009. The Company was a joint venture between JST Transformeteurs S.A.S., France and Stesalit Limited, India. Subsequent to year ended 31 March 2016, JST Transformateurs S.A.S, France has entered into a Share Purchase Agreement dated 10 June 2017 with Stesalit Limited, India, as per which equity shares of 4,054,527 having face value of INR 10 each of Stesalit Limited have been transferred to JST Transformateurs S.A.S, France at consideration of INR 0.040 million.
The Company is engaged in the business of designing, manufacturing, marketing, distributing, selling and servicing transformers and traction transformers. The manufacturing unit of the Company is located at Baddi in district Solan in Himachal Pradesh.
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G68436179 |
10366873 |
DY. DIRECTOR OF INDUSTRIES WITH PARRIPASSU CHARGE WITH SOCIETE GENERALE |
17/07/2012 |
- |
22/11/2017 |
48020242.0 |
SINGLE WINDOW CLEARING AGENCYBADDI - BAROTIWALA ROAD BADDI-173205, HIMACHAL PRADESH, INDIA |
FIXED ASSETS
- Land
- Building
- Furniture and
Fixture
- Computer
- Plant and 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 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 |
|
|
1 |
INR 87.91 |
|
Euro |
1 |
INR 78.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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.