|
|
|
MIRA INFORM REPORT
|
Report No. : |
481089 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHASHWATH STEEL |
|
|
|
|
Registered
Office : |
38A, KAIBB Industrial
Area, Doddenakunb White Field Road, Bangalore – 560048, Karnataka |
|
Tel. No.: |
91-2764-233 702 |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Incorporation
: |
02.11.2015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 421.916 Lacs |
|
|
|
|
IEC No.: |
0716903245 |
|
|
|
|
TIN No.: |
24060105492 |
|
|
|
|
TAN No.: |
BLRS54593A |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACXFS9223Q |
|
|
|
|
GST No.: |
24ACXFS9223Q2Z0 / 29ACXFS9223Q1ZR |
|
|
|
|
Shop &
Establishment Certificate No. |
-- |
|
|
|
|
Central Sales Tax
Registration Number : |
24560105492 |
|
|
|
|
Central Excise
Registration Number : |
ACXFS9223QED001 |
|
|
|
|
Udyog Aadhaar No.: |
GJ09B0004340 |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Manufacturer
of iron and Steel Items. |
|
|
|
|
No. of Employees
: |
24 (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 |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a partnership concern established in the year 2015 having satisfactory track record. It is engaged as manufacturer of iron and steel items. As per the available financials of March 2017, the concern has achieved massive growth in its sales turnover as compared to its previous year along with good profitability margin during the year. Rating takes into consideration, the satisfactory financial profile marked by adequate capital structure and good liquidity position. Trade relations are reported to be fair. Business is active. Payments are reported to be usually correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions. Note: Site visit was conducted on the factory address and our executive have successfully traced the subject. At the premises our executive met Mr. Gautam Mehta (Partner). As per or executive observation, it is a shed type premises and the area of the premises is 10,000 SQ.FT. Location is easy to find near “V.K Vikram Company” as a landmark. Locality seems to be industrial and area near the premises appears to be neutral. Further, our executive have sighted 24 employees at the premises along with some office items such as telephone, fax machine, office equipment, computer, air conditioner, Xerox machine and furniture items. Even, the name board of the subject was sighted on premise address. On enquiry with neighbouring company “Ranka Ispat” confirmed the existence of the subject on the given premises and gave positive response about the subject. |
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 24.01.2018
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. Gautam Chand Mehta |
|
Designation : |
Partner |
|
Contact No.: |
91-9727783838 |
|
Date : |
13.12.2017 |
LOCATIONS
|
Registered Office/ Correspondence
Address / Branch 1 : |
38A, KAIBB Industrial
Area, Doddenakunb White Field Road, Bangalore – 560048, Karnataka, India |
|
Tel. No.: |
91-2764-233 702 |
|
Mobile No.: |
91-9727783838 (Mr. Gautam Chand Mehta) |
|
E-Mail : |
|
|
|
|
|
Division / Factory /
Branch
2 : |
Plot No.: 3422/2, Phase – 4, At Chhatral Ta-Kalol, GIDC, Near V.K.
Vikram Company, Gandhinagar, Kalol – 382729, Gujarat, India |
|
Tel. No.: |
91-2764-233 702 |
|
|
|
|
Area : |
10,000 sq. ft. |
|
Locality : |
Industrial |
PARTNER
|
Name : |
Mr. Gautam Chand Mehta |
|
Designation : |
Partner |
|
Address : |
Nayapura, Balotra (Rural), Barmer, Balotra - 344022, Rajasthan, India |
|
Date of Birth/Age : |
21.06.1953 |
|
Aadhaar Card No.: |
203521803066 |
|
Mobile No.: |
91-9827783838 |
|
Email : |
|
|
PAN No.: |
AAIPC0863D |
|
|
|
|
Name : |
Mr. Babulal Vansraj Ranka |
|
Designation : |
Partner |
|
Address : |
# 358,17TH
A Cross, J P Nagar, 6th Phase, J P Nagar, Bangalore - 560078
Karnataka, India |
|
Date of Birth/Age : |
01.01.1949 |
|
Aadhaar Card No.: |
969125450180 |
|
Mobile No.: |
91-9343483838 |
|
Email : |
|
|
PAN No.: |
ACLPR4634G |
|
|
|
|
Name : |
Mr. Ashokkumar Babulal Ranka |
|
Designation : |
Partner |
|
Address : |
# 358,17TH
A Cross, J P Nagar, 6th Phase, J P Nagar, Bangalore - 560078
Karnataka, India |
|
Date of Birth/Age : |
27.09.1969 |
|
Aadhaar Card No.: |
8948 5949 8880 |
|
Mobile No.: |
91-9845048007 |
|
Email : |
|
|
PAN No.: |
AARPA8389B |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Iron and Steel Items. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
-- |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and End Users
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
24 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Yagya Prakash Sharda and Company Chartered Accountants |
|
Address : |
616, Sahajanand Shopping Centre, Near BAPS Hospital, Opposite Shreenath Travels, Ahmedabad – 380004, Gujarat, India |
|
Mobile No.: |
91-9978480401 |
|
E-Mail : |
|
|
Membership No.: |
147633 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Not Available |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
As on 31.03.2017
CAPITAL ACCOUNT
|
Particulars |
[INR in Lacs] |
|
Ashokkumar Babulal Ranka |
222.158 |
|
Babulal Vansraj Ranka |
190.590 |
|
Gautam Chand Mehta |
9.167 |
|
|
421.916 |
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 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Partners Capital |
|
421.916 |
375.477 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
103.322 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
525.238 |
375.476 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
1019.144 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
|
1019.144 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1544.382 |
375.477 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
14.156 |
0.569 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
521.723 |
101.781 |
|
|
Sundry Debtors |
|
1321.304 |
136.794 |
|
|
Cash & Bank Balances |
|
78.340 |
3.541 |
|
|
Other Current Assets |
|
15.000 |
0.108 |
|
|
Loans, Advances & Deposits |
|
0.200 |
134.248 |
|
Total Current Assets |
|
1936.567 |
376.472 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
358.346 |
0.952 |
|
|
Other Current Liabilities |
|
45.986 |
0.000 |
|
|
Provisions |
|
2.009 |
0.612 |
|
Total Current Liabilities |
|
406.341 |
1.564 |
|
|
Net Current
Assets |
|
1530.226 |
374.908 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1544.382 |
375.477 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
6658.625 |
130.295 |
|
|
Other Income |
|
0.001 |
0.000 |
|
|
TOTAL
|
|
6658.626 |
130.295 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
6184.124 |
121.590 |
|
|
|
|
|
|
|
|
Direct
Expenses: |
|
|
|
|
|
CST Ledger |
|
0.000 |
1.925 |
|
|
Electricity Expenses |
|
0.742 |
0.000 |
|
|
Freight Expenses |
|
0.000 |
0.020 |
|
|
Packing Expenses |
|
4.004 |
0.000 |
|
|
Processing Expenses |
|
178.796 |
0.000 |
|
|
Transport Expenses |
|
48.850 |
0.000 |
|
|
Weights Expenses |
|
0.137 |
0.000 |
|
|
Loading and Unloading Charges |
|
0.242 |
0.000 |
|
|
Labour Charges |
|
0.148 |
0.000 |
|
|
Labour Charges |
|
0.615 |
0.017 |
|
|
|
|
|
|
|
|
Indirect
Expenses: |
|
|
|
|
|
Audit Fee |
|
0.000 |
0.050 |
|
|
Consultancy Charges |
|
0.000 |
0.332 |
|
|
Courier Expenses |
|
0.001 |
0.000 |
|
|
Discount |
|
0.518 |
0.000 |
|
|
Donation |
|
1.000 |
0.000 |
|
|
Electricity Expenses |
|
0.611 |
0.142 |
|
|
Entertainment Expenses |
|
0.216 |
0.000 |
|
|
Petrol Expenses |
|
4.768 |
0.010 |
|
|
Rent Paid |
|
4.942 |
0.750 |
|
|
Insurance Expenses |
|
0.158 |
0.000 |
|
|
Interest to Partner |
|
40.409 |
0.000 |
|
|
Salary Expenses |
|
21.005 |
0.457 |
|
|
Misc. Expenses |
|
0.000 |
0.010 |
|
|
Maintenance and Repairing
Expenses |
|
1.125 |
0.000 |
|
|
Office Expenses |
|
1.235 |
0.000 |
|
|
Software Expenses |
|
0.026 |
0.000 |
|
|
Stationery Expenses |
|
0.156 |
0.036 |
|
|
Telephone Expenses |
|
0.522 |
0.012 |
|
|
Transport Expenses |
|
0.000 |
0.970 |
|
|
Travelling Expenses |
|
1.552 |
0.000 |
|
|
TOTAL |
|
6495.902 |
126.321 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
162.724 |
3.974 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
56.679 |
2.109 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
106.045 |
1.865 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
2.723 |
0.046 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
103.322 |
1.819 |
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
0.612 |
|
|
|
|
|
|
|
|
NET
PROFIT |
|
103.322 |
1.207 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
72.43 |
383.21 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
5.04 |
0.95 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
21.15 |
2.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.31 |
0.04 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
11.50 |
6.98 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.73 |
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
1.94 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.77 |
0.00 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.03 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
2.87 |
1.88 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
|
1.55 |
0.93 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
5.30 |
0.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
19.67 |
0.32 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
4.77 |
240.71 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
3.48 |
175.63 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.27 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
2.42 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
4.77 |
240.71 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
|
Partners Capital |
375.477 |
421.916 |
|
Reserves & Surplus |
0.000 |
103.322 |
|
Net
worth |
375.477 |
525.238 |
|
|
|
|
|
Secured Loans |
0.000 |
1019.144 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
1019.144 |
|
Debt/Equity
ratio |
0.000 |
1.940 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
|
Sales |
130.295 |
6658.625 |
|
|
|
5,010.423 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
|
Sales |
130.295 |
6658.625 |
|
Profit/ (Loss) |
1.207 |
103.322 |
|
|
0.93% |
1.55% |
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 |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
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 one year and
five moths |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year and five
moths |
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 |
OBSERVATION FORM
|
COMPANY NAME: SHASHWATH STEEL ADDRESS: Plot No.: 3422/2, Phase – 4, At Chhatral Ta-Kalol, GIDC, Near V.K. Vikram Company, Gandhinagar, Kalol – 382729, Gujarat, India CONTACT NO: 91-9727783838 EMAIL: ashish@rankasteels.com PERSON TO WHOM WE MET: Mr. Gautam Chand Mehta DESIGNATION: Partner NAME BOARD: SIGHTED LOCATION: EASY LANDMARK (IF ANY): Near V.K. Vikram Company TOTAL FLOORS OF THE BUILDING: SHED TYPE PREMISES LOCALITY: INDUSTRIAL AREA OF PREMISES: 10,000 (SQ. FT.) AREA: NEUTRAL LEVEL OF OPERATION: HIGH NO. OF EMPLOYEES SEEN AT PREMISES: 24 VISIBILITY OF
ITEMS: TELEPHONE FAX MACHINE COMPUTERS AIR CONDITIONER OFFICE EQUIPMENT XEROX MACHINE FURNITURE ITEMS SIGHTED: Well Furnished PROOF OF VISIT: PHOTOGRAPH PHOTOGRAPHS: Exterior with name board / Interior / Shop Floor / Stock etc. |
FIXED ASSETS
- Computer and Printer
- Plant and Machinery
- Machinery
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 24.01.2018
(date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
NSR |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
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.