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|
MIRA INFORM REPORT
|
Report No. : |
476188 |
|
Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHIVANSH COTTON COMPANY |
|
|
|
|
Registered
Office : |
100/1, GIDC, Ranpur Road, Dhandhuka, Ahmedabad – 382460, Gujarat |
|
Mobile No.: |
91-8320383578 (Mr. Ajitkumar Virjibhai Dalwadi) |
|
Website : |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Establishment : |
01.11.2007 |
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Capital
Investment / Paid-up Capital : |
INR 297.756 Lacs |
|
|
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IEC No.: |
Not Applicable |
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|
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TIN No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS15796E |
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|
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PAN No.: [Permanent Account No.] |
ABLFS4283P |
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GST No.: |
24ABLFS4283P1ZF |
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Entrepreneurs
Memorandum Number (Part-II) : |
240071204784 |
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SSI
Reg. No.: |
-- |
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Shop &
Establishment Certificate No. |
-- |
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|
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Udyog Aadhaar
No.: |
GJ01A0085085 |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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Line of Business
: |
The firm
is engaged in the business of cotton ginning and pressing. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a partnership firm established in the year 2007
and it is engaged in business of cotton ginning and pressing. As per financials of March 2017, the subject has registered marginal growth in its sales turnover and has reported minimal profit margin. Rating takes into consideration subject’s satisfactory track record of business operations marked by sound capital base along with comfortable debt coverage indicators and average liquidity position. Payments terms are reported to be slow but correct. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and conditions. NOTE: Site visit was conducted at the given address which you have provided. Our executive has successfully traced the subject at the given address. At the premises, our executive met Mr. Ajitbhai (Partner) and he provided his contact details (08320383578). As per our executive’s observation, it is shed type premises and area of the premises is 15,000 sq. ft. Location was easy to find and locality seems to be industrial. Area seems to be neutral and 12 employees were sighted at the premises. Name board of the subject was sighted at the 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 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.
INFORMATION PARTED BY
|
Name : |
Mr. Ajitkumar Virjibhai Dalwadi |
|
Designation : |
Partner |
|
Contact No.: |
91-8320383578 |
|
Date : |
17.01.2018 |
LOCATIONS
|
Registered Office : |
100/1, GIDC, Ranpur Road, Dhandhuka, Ahmedabad – 382460, Gujarat,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8320383578 (Mr. Ajitkumar Virjibhai Dalwadi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
15000 sq. ft. (As per site visit) |
|
Locality : |
Industrial (As per site visit) |
PARTNERS
|
Name : |
Mr. Ajitkumar Virjibhai Dalwadi |
|
Designation : |
Partner |
|
Address : |
Avada Chowk, Dhandhuka, Ahmedabad – 382460, Gujarat, India |
|
Date of Birth/Age : |
10.07.1980 |
|
Aadhaar No.: |
6502 8173 4901 |
|
PAN No.: |
AFOPD8788H |
|
Passport No.: |
G2949612 |
|
|
|
|
Name : |
Mr. Ashwinkumar Virjibhai Dalwadi |
|
Designation : |
Partner |
|
Address : |
Avada Chowk, Dhandhuka, Ahmedabad – 382460, Gujarat, India |
|
Date of Birth/Age : |
11.05.1983 |
|
Aadhaar No.: |
3534 1825 4803 |
|
PAN No.: |
AFOPD8777L |
|
Passport No.: |
G3369313 |
|
|
|
|
Name : |
Mr. Mansukhbhai Jeshingbhai Dalwadi |
|
Designation : |
Partner |
|
Address : |
Satavara Society, Near Railway Station, Dhandhuka, Ahmedabad – 382460,
Gujarat, India |
|
Date of Birth/Age : |
01.06.1962 |
|
Aadhaar No.: |
9725 3930 5064 |
|
PAN No.: |
AEJPD1927Q |
|
|
|
|
Name : |
Mr. Prakash Virjibhai Dalwadi |
|
Designation : |
Partner |
|
Address : |
Avada Chowk, Dhandhuka, Ahmedabad – 382460, Gujarat, India |
|
Date of Birth/Age : |
05.07.1981 |
|
Aadhaar No.: |
6472 4732 9913 |
|
PAN No.: |
AFOPD8771N |
|
Passport No.: |
P2174961 |
|
Voter ID : |
LTJ3421609 |
|
|
|
|
Name : |
Mr. Virjibhai Jeshingbhai Dalwadi |
|
Designation : |
Partner |
|
Address : |
Avada Chowk, Dhandhuka, Ahmedabad – 382460, Gujarat, India |
|
Date of Birth/Age : |
01.01.1958 |
|
Aadhaar No.: |
8810 4679 0661 |
|
PAN No.: |
AFOPD8792D |
|
Passport No.: |
N4488784 |
BUSINESS DETAILS
|
Line of Business : |
The firm
is engaged in the business of cotton ginning and pressing. |
|
|
|
|
Products / Services
: |
Cotton
Ginning and Pressing |
|
|
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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 : |
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Selling : |
Local 100%: Cash and Credit (30 Days) |
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|
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Purchasing : |
Local 100%: Cash and Credit (15-20 Days) |
GENERAL INFORMATION
|
Suppliers : |
·
Kotak Commodity Private Limited ·
Olam Agro India Private Limited ·
Glencore Agriculture India Private Limited |
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|
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Customers : |
Manufacturers and End Users ·
Nandan Denim Limited, Ahmedabad ·
Louis Dreyfus Company (India) Private Limited,
Ahmedabad ·
Sintex Industries, Rajula |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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||||||||
|
Name : |
Shah Rami and Associates Chartered Accountants |
||||||||
|
Address : |
A-502, Borsali Apartment, Khanpur, Near Jain Temple, Ahmedabad –
380001, Gujarat, India |
||||||||
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Mobile No.: |
91-9974287085 |
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E-Mail : |
|||||||||
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PAN No.: |
ADIFS7415C |
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Related parties : |
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LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
AS ON 31.03.2017
[INR in Lacs]
|
Partner’s Capital Account |
Opening Balance (01.04.2016) |
Addition |
Interest |
Salary |
Profit |
Withdrawal |
Closing Balance (31.03.2016) |
|
Ajitkumar V. Dalwadi |
61.004 |
-- |
5.356 |
1.189 |
0.493 |
7.742 |
60.300 |
|
Ashwinkumar V. Dalwadi |
67.086 |
-- |
5.943 |
1.189 |
0.493 |
2.392 |
72.319 |
|
Mansukhbhai J. Dalwadi |
43.065 |
-- |
3.832 |
1.189 |
0.493 |
0.692 |
47.887 |
|
Prakash V. Dalwadi |
63.774 |
-- |
5.646 |
1.189 |
0.493 |
2.291 |
68.811 |
|
Virjibhai J. Dalwadi |
47.425 |
3.000 |
4.142 |
1.189 |
0.493 |
7.810 |
48.439 |
|
|
|
|
|
|
|
|
|
|
TOTAL |
282.354 |
3.000 |
24.919 |
5.945 |
2.465 |
20.927 |
297.756 |
FINANCIAL DATA
[all figures are
INR Lacs]
ABRIDGED
BALANCE SHEET
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Partner’s Capital |
297.756 |
282.354 |
262.760 |
|
|
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 |
297.756 |
282.354 |
262.760 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
295.086 |
227.647 |
241.184 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
295.086 |
227.647 |
241.184 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
592.842 |
510.001 |
503.944 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
50.877 |
51.645 |
55.856 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
344.424 |
361.365 |
376.709 |
|
|
Sundry Debtors |
283.931 |
120.040 |
140.092 |
|
|
Cash & Bank Balances |
4.404 |
2.979 |
3.405 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
7.791 |
32.620 |
2.829 |
|
Total Current Assets |
640.550 |
517.004 |
523.035 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
53.838 |
42.639 |
56.195 |
|
|
Other Current Liabilities & Provisions |
44.747 |
16.009 |
18.752 |
|
Total Current Liabilities |
98.585 |
98.585 |
58.648 |
|
|
Net Current
Assets |
541.965 |
541.965 |
458.356 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
592.842 |
510.001 |
503.944 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
2027.181 |
2022.356 |
1962.055 |
|
|
Other Income |
3.858 |
1.254 |
0.268 |
|
|
TOTAL |
2031.039 |
2023.610 |
1962.323 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
1936.772 |
1945.287 |
1873.732 |
|
|
Administrative & selling expenses |
34.866 |
23.426 |
38.250 |
|
|
Commodity trading loss |
1.532 |
0.000 |
0.000 |
|
|
Partner's interest |
24.919 |
22.697 |
12.079 |
|
|
Partner's remuneration |
5.946 |
6.546 |
4.221 |
|
|
TOTAL |
2004.035 |
1997.956 |
1928.282 |
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST AND DEPRECIATION |
27.004 |
25.654 |
34.041 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
19.866 |
17.996 |
27.204 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION |
7.138 |
7.658 |
6.837 |
|
|
|
|
|
|
|
Less |
DEPRECIATION |
4.674 |
4.794 |
5.523 |
|
|
|
|
|
|
|
|
NET PROFIT / (LOSS) |
2.464 |
2.864 |
1.314 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
51.12 |
21.67 |
26.06 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
7.14 |
16.85 |
14.01 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
10.15 |
8.00 |
10.95 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.08 |
0.07 |
0.09 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.53 |
0.50 |
0.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.57 |
0.50 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.99 |
0.81 |
0.92 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.33 |
0.21 |
0.29 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.17 |
0.18 |
0.21 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.36 |
1.43 |
1.25 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.12 |
0.14 |
0.07 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.36 |
0.50 |
0.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
0.83 |
1.01 |
0.50 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
6.50 |
8.82 |
6.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.00 |
2.65 |
1.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.43 |
0.50 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.99 |
0.81 |
0.92 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
6.50 |
8.82 |
6.98 |
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 lacs |
INR
In lacs |
INR
In lacs |
|
Partner’s Capital Account |
262.760 |
282.354 |
297.756 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
262.760 |
282.354 |
297.756 |
|
|
|
|
|
|
Secured Loans |
241.184 |
227.647 |
295.086 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
241.184 |
227.647 |
295.086 |
|
Debt/Equity
ratio |
0.918 |
0.806 |
0.991 |
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 |
1962.055 |
2022.356 |
2027.181 |
|
|
|
3.073 |
0.239 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
1962.055 |
2022.356 |
2027.181 |
|
Profit/(Loss) |
1.314 |
2.864 |
2.464 |
|
|
0.07% |
0.14% |
0.12% |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 |
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 |
FIXED ASSETS:
· Building Construction
· Electric Fittings
· Electro Weighting Scales
· GIDC Plot
· Ginning Machinery
· Laptop
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OBSERVATION POINTS |
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Name of Company : |
SHIVANSH COTTON COMPANY |
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Address : |
100/1, GIDC, Ranpur Road, Dhandhuka Ahmedabad – 382460, Gujarat, India |
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Mobile No.: |
91-8320383578 |
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Person to whom we met: |
Mr. Ajitkumar Virjibhai Dalwadi Designation
: Partner |
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Name Board : |
Sighted |
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Location: |
Easy |
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Landmark (If Any): |
GIDC |
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Total Floors of the building: |
Shed Type Premises |
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Locality: |
Industrial |
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Area of premises : |
15000 sq. ft. |
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Area : |
Neutral |
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Level of
operation : |
Medium |
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Details of hypothecation signboard (If Any) (As displayed in factory /
work) : |
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No. of employees seen at premises: |
12 |
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Neighbour’s
interview : |
Name of the
company: Siri Shakti Industries Contact Person
Name: Mr. Modanbhai Name of the
company: Shri Bhavani Cotton Contact Person Name: Mr. Rameshbhai |
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Proof of visit: |
Photograph Photographs: Exterior with
name board / Interior / Shop Floor / Stock etc. |
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Details of the person conducting visit: |
Name: Hiren Soni Designation: Field Executive Contact No.: 91-9898819196 Date: 16.01.2018 |
PICTURES
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
20.01.2018 (date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
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Information
Gathered by : |
SVA |
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Analysis Done by
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VVK |
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Report Prepared by
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NKT |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.
·