|
|
|
MIRA INFORM REPORT
|
Report No. : |
487197 |
|
Report Date : |
20.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SUPER HYGIENE PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
507, Captain C.S. Nayadu Arcade, 10/2, Old Palasia, Indore-452018,
Madhya Pradesh |
|
Tel. No.: |
91-731-2565671 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.06.2015 |
|
|
|
|
Com. Reg. No.: |
10-034276 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 42.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18109MP2015PTC034276 |
|
|
|
|
IEC No.: |
1116901315 |
|
|
|
|
GSTIN: |
23AAVCS8911N1ZK |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAVCS8911N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing of baby diapers
and sanitary napkins. [Registered Activity and also Confirmed by Management] |
|
|
|
|
No. of Employees
: |
50 (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 |
|
Maximum Credit Limit : |
USD 118000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2015. It is a manufacturer of
baby diaper and sanitary napkins Mr. Kaushal Seth (Director) has claimed that the subject commenced its
business operations since October 2017. For the financial year 2017, the company has incurred preoperational
expenses resulting into losses. The moderate financial risk profile of the company is marked by
negative reserve base along with average debt balance sheet profile. Rating is constrained on account of limited business track record. Payments are reported to be unknown. In view of aforesaid, the company can be considered for business
dealings with some caution. Note: Earlier when we had prepared report, we had erroneously mentioned that
the subject has earned operational revenue but now we have rectified the
same. |
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
|
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 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. Kaushal Seth |
|
Designation : |
Director |
|
Contact No.: |
91-9826055036 |
|
Date : |
19.01.2018 |
LOCATIONS
|
Registered Office: |
507, Captain C.S. Nayadu Arcade, 10/2, Old Palasia, Indore-452018,
Madhya Pradesh, India |
|
Tel. No.: |
91-731-2565671 |
|
Mobile No.: |
91-9826055036 (Mr. Kaushal Seth) 91-9981161261 (Mr. Toshan Seth) |
|
Fax No.: |
91-731-2565672 |
|
E-Mail : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory: |
Plot No.46, Sector – 3, Indra Maa Temple, Bagdoon Pithampur – 454775,
Madhya Pradesh, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Kaushal Seth |
|
Designation : |
Director |
|
Address : |
18-19, Gulmohar Colony, Indore-452016, Madhya Pradesh,
India |
|
Date of Birth/Age : |
02.06.1965 |
|
Date of Appointment : |
03.06.2015 |
|
PAN No.: |
ACUPS4048L |
|
DIN No.: |
01173446 |
|
|
|
|
Name : |
Mrs. Anupama Seth |
|
Designation : |
Director |
|
Address : |
18-19, Gulmohar Extension, Indore-452016, Madhya Pradesh,
India |
|
Date of Birth/Age : |
25.04.1967 |
|
Date of Appointment : |
03.06.2015 |
|
PAN No.: |
ACUPS4047F |
|
DIN No.: |
07193704 |
|
|
|
|
Name : |
Mr. Toshan Seth |
|
Designation : |
Director |
|
Address : |
18-19 Gulmohar Extension, Indore-452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
26.10.1995 |
|
Date of Appointment : |
21.07.2015 |
|
PAN No.: |
EZXPS5952R |
|
DIN No.: |
07235051 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Kaushal Seth |
2800000 |
66.67 |
|
Anupama Seth |
770000 |
10.33 |
|
Toshan Seth |
530000 |
12.62 |
|
Ramesh Nath |
100000 |
2.38 |
|
Total |
4200000 |
100.00 |
AS ON 24.06.2017
|
Names of Allottees |
|
No. of Shares |
|
Kaushal Seth |
|
350000 |
|
Toshan Seth |
|
400000 |
|
|
|
|
|
Total |
|
750000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
Subject is engaged in the business of manufacturing of baby diapers
and sanitary napkins. [Registered Activity and also Confirmed by Management] |
|
|
|
|
Products / Services
: |
Baby Diaper and Sanitary Napkins |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Baby Diaper and Sanitary Napkins |
|
Countries : |
Bangladesh |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cheque, RTGS, NEFT and Bank Transfer |
|
|
|
|
Purchasing : |
L/C, Cheque, RTGS, NEFT and Bank Transfer |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Distributor
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No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
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|
Auditors : |
|
|
Name : |
Satyanarayan Goyal and Company Chartered Accountants |
|
Address : |
“Sai Sharnam”, 70, Jaora Compound, Behind Pooja Dairy, Indore-452001,
Madhya Pradesh, India |
|
Tel. No.: |
91-731-2701279/ 2703208 |
|
Mobile No.: |
91-9826021279 |
|
Fax No.: |
91-731-2571478 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ACHPG3338E |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4950000 |
Equity Shares |
INR 10/- each |
INR 49.500 Million |
|
|
|
|
|
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4200000 |
Equity Shares |
INR 10/- each |
INR 42.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
30.06.2015
TO 31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
42.000 |
30.000 |
|
(b) Reserves & Surplus |
|
(0.723) |
(0.033) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
41.277 |
29.967 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
70.054 |
0.651 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
70.054 |
0.651 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
0.000 |
0.000 |
|
(c) Other
current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
0.411 |
0.036 |
|
Total Current
Liabilities (4) |
|
0.411 |
0.036 |
|
|
|
|
|
|
TOTAL |
|
111.742 |
30.654 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
89.326 |
28.992 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
14.356 |
0.457 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.060 |
0.006 |
|
(d) Long-term Loan and Advances |
|
2.097 |
0.747 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
105.839 |
30.202 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.007 |
0.000 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c) Trade
receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
5.858 |
0.052 |
|
(e) Short-term
loans and advances |
|
0.000 |
0.000 |
|
(f) Other
current assets |
|
0.038 |
0.400 |
|
Total
Current Assets |
|
5.903 |
0.452 |
|
|
|
|
|
|
TOTAL |
|
111.742 |
30.654 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
30.06.2015
TO 31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
Other Income |
|
0.000 |
0.121 |
|
|
TOTAL |
|
0.000 |
0.121 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.119 |
|
|
Other expenses |
|
0.289 |
0.042 |
|
|
TOTAL |
|
0.289 |
0.161 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
(0.289) |
(0.040) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
(0.289) |
(0.040) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
(0.289) |
(0.040) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
(0.744) |
(0.040) |
|
|
|
|
|
|
|
Less |
TAX |
|
(0.054) |
(0.007) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
(0.690) |
(0.033) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(0.16) |
(0.01) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2017 |
30.06.2015
TO 31.03.2016 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
|
Net cash flows from (used in) operations |
|
NA |
NA |
|
Net cash flows from (used in) operating activity |
|
NA |
NA |
KEY
RATIOS
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
30.06.2015
TO 31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.63 |
0.02 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
1.70 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.01 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
2.51 |
0.98 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
30.06.2015
TO 31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
(0.62) |
(0.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
(1.67) |
(0.11) |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
30.06.2015
TO 31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
14.36 |
12.56 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
14.36 |
12.56 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.37 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
1.67 |
0.02 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
14.36 |
12.56 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Share Capital |
30.000 |
42.000 |
|
Reserves & Surplus |
(0.033) |
90.723 |
|
Net
worth |
29.967 |
41.277 |
|
|
|
|
|
long-term borrowings |
0.651 |
70.054 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.651 |
70.054 |
|
Debt/Equity
ratio |
0.022 |
1.697 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 1 year and 10
Months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last 1 year and 10
Months |
No |
|
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 |
STATE OF COMPANY’S AFFAIRS
AND FUTURE OUTLOOK
During the year, the Company suffered a loss of INR (0.690) million the directors are taking the best efforts so as to bring the profit of the Company.
CORPORATE
INFORMATION
Subject the company is a Private Company, a company limited by share
domiciled in India and incorporated on 03.06.2015 vide Reg. No.
U18109MP2015PTC034276 under the provisions of Companies Act 1956 engaged in the
business of manufacturing of baby diapers and sanitary napkins.
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Kaushal Seth |
16.932 |
0.401 |
|
Anupama Seth |
4.714 |
0.250 |
|
Toshan Seth |
3.978 |
0.00 |
|
Total |
25.624 |
0.651 |
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G10451698 |
100047210 |
Dena Bank |
03/08/2016 |
22/08/2016 |
- |
250000000.0 |
Navneet Darshan Apartment, Ground Floor, Old Palasia, Indore-452001, Madhya Pradesh, India |
FIXED ASSETS
- Building and
Site Development
- Car
- Computer
- Plant and
Machinery
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 63.72 |
|
|
1 |
INR 88.64 |
|
Euro |
1 |
INR 78.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
PYK |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
YES |
|
--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
·
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.