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MIRA INFORM REPORT
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Report No. : |
487898 |
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Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ADITYA BIRLA CENTRE ASSOCIATION |
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Registered
Office : |
C-1, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai-400030,
Maharashtra |
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Tel No.: |
91-22-66525000 |
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Country : |
India |
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Financials (as
on) : |
Not Available |
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Year of
Establishment : |
Not Divulged |
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Capital Investment
: |
Not Divulged |
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IEC No.: |
Not Divulged |
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GST No.: |
Not Divulged |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
Not Divulged |
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Legal Form : |
Not Divulged |
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Line of Business
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Not Divulged |
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No. of Employees
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Information declined by the Management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Aditya Birla Centre Association was formed for welfare driven initiative for the rural area development. It is involved in contributing towards social and economic development of the communities for better sustainable way of life in the rural region and improving human development index of the country. Association is been backed by Indian multinational conglomerate, Aditya Birla Group and it was started around 5 decades ago. It has worked for around 2,500 villages for basic needs. Association has taken an initiative Model Village where they hope to ensure the self-reliance in aspects agriculture, infrastructure, education, healthcare and family welfare. It has also taken an initiative for continues water supply in the rural area. With water scarcity, open spaces seemed perhaps the only option to the villagers. Hence to tackle the issues related to sanitation. Various schemes of the Government viz., Swajaldhara Yojana, Jalnidhi, Rajiv Gandhi National Drinking Water Scheme, and many more were used and these schemes enabled them to extend their reach as catalysts benefitting thousands of villagers and also evolved a multi - pronged strategy based on an integral development plan. Association
also have applied strategy for massive awareness drive on cleanliness linking
it with hygiene and sanitation. District Authorities and NGOs were roped in
this endeavour to sensitize and persuade the villagers. They have
also organised puppet shows and street level plays to drive messages linking
hygiene and good health to sanitation. Association
has started a campaign in the Devari village (Renukoot, Uttar Pradesh) for
energizing the villagers by highlighting how Devari can be positioned on the
map of UP, if its receives the President’s Award under the Nirmal Gram
Yojana. It gave a great boost to the villagers and by the help of this
campaign after one year Devari Pradhan received the President’s Award. It is engaged in for development of around 300 model villages in which 60 villages have reached level model villages. Most of the villages are from state of Maharashtra, Gujarat, Uttar Pradesh, Karnataka and Tamil Nadu. Naickerpalayam, Chitteri, Thandalam, Parithiputhur, Papamkuppam and Echankadu (Gummidipondi) from the state of Tamil Nadu, have attained 100% sanitation. In fact the Government of Tamil Nadu on their website has commended our Carbon Black Plant - Hi-Tech Carbon at Gummidipondi for its work in this domain (Reference - Total Sanitation Campaign, Tiruvallur District, Tamil Nadu State and construction of Toilets through Corporate Sectors. In the last 5 years, the association has set up over 10,000 toilets in villages in proximity to the company's plants across India. These include community complexes and at several schools as well. In doing so, it has helped providing sanitation facilities to nearly a million people in the villages that they work in, through collaborations and in an inclusive manner. Payments are reported to be regular. In view of strong back up from its group, the association can be considered for business dealings at normal 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
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 25.01.2018.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[Contact No: 91-22-24995000]
LOCATIONS
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Registered Office : |
C-1, Aditya Birla Centre, S.K. Ahire Marg, Worli, Mumbai-400030,
Maharashtra, India |
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Tel. No.: |
91-22-66525000/ 24995000 |
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Fax No.: |
Not Available |
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Website : |
SOLE PROPRIETOR/PARTNERS
NOT DIVULGED
BUSINESS DETAILS
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Line of Business : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
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Auditors : |
Not Divulged |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Not Divulged |
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Borrowed : |
Not Divulged |
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Total : |
Not Divulged |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
NOT DIVULGED
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
LOCAL AGENCY FURTHER INFORMATION
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Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
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1 |
Year of establishment |
No |
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2 |
Constitution of the entity -Incorporation
details |
No |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
No |
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8 |
Designation of contact person |
No |
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9 |
Promoter’s background |
No |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
No |
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14 |
Line of Business |
No |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
No |
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17 |
Details of sister concerns |
No |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
No |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
No |
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24 |
Capital in the business |
No |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last three years |
No |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
No |
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29 |
Profitability for last three years |
No |
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30 |
Major shareholders, if available |
No |
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31 |
External Agency Rating, if available |
No |
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32 |
Litigations that the firm/promoter
involved in |
-- |
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33 |
Market information |
-- |
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34 |
Payments terms |
No |
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35 |
Negative Reporting by Auditors in the
Annual Report |
No |
PRESS RELEASE :
ADITYA BIRLA CENTRE FOR COMMUNITY INITIATIVES AND RURAL DEVELOPMENT
A CII report
For over 50 years now, the Aditya Birla Group have been and continue to be involved in meaningful, welfare driven initiatives that distinctively impact the quality of life of the rural poor. The vision is to actively contribute to the social and economic development of the communities in which we operate, in so doing build better sustainable way of life for the weaker sections of the society and raise the country's human development index.
Our footprint
The footprint of our community work straddles 2,500 villages. In working with
the communities, they gauge what their real needs are.
Of the 2,500 villages that, we are engaged in, we have zeroed in on 300 villages,
which we hope to morph into model villages. Making of a Model Village entails
ensuring self-reliance in all aspects viz., education, healthcare and family
welfare, infrastructure, agriculture and watershed management, and working
towards sustainable livelihood patterns. Fundamentally, ensuring that their
development reaches a stage wherein village committees take over the complete
responsibility and the teams become dispensable. It is against this backdrop
that one will dwell on the Group's experience in sanitation.
Water – the life
force, integral to sanitation
The Foundation has been providing water on a continual basis to the villages
that are in proximity to their plants. But this is for their basic needs. With
water scarcity, open spaces seemed perhaps the only option to the villagers.
Hence to tackle the issues related to sanitation, we had to first grapple with
the challenge of tapping new avenues of water.
For this, the Foundation evolved a multi - pronged strategy based on an integral development plan. Various schemes of the Government viz., Swajaldhara Yojana, Jalnidhi, Rajiv Gandhi National Drinking Water Scheme, and many more were used and these schemes enabled them to extend their reach as catalysts benefitting thousand of villagers.
Changing mindsets
The second plank of our strategy entailed a massive awareness drive on
cleanliness linking it with hygiene and sanitation. District Authorities and
NGOs were roped in this endeavour to sensitize and persuade the villagers.
The Foundation recoursed to 'Nukkad Nataks" (street level plays) and puppet shows to drive messages linking hygiene and good health to sanitation. It was highlighted how they could prevent water borne and sanitation diseases from occurring and spreading, if we were able to have toilet blocks in the villages.
Energizing the
Villagers
The fourth plank was to get this movement going amongst the villagers. In the
village of Devari (Renukoot, Uttar Pradesh), the campaign was started in a
creative way. Using the platform, of the Panchayat General Meeting, the
Foundation began energizing the villagers by highlighting how Devari can be
positioned on the map of UP, if it received the President's Award under the
Nirmal Gram Yojana. The thought of acquiring this fame was a great booster.
This did help, and a year down the line, the Devari Pradhan did receive this
Award.
Towards good hygiene
Of the 300 model villages that the Foundation is engaged in, 60 have already
reached the level of model villages and most of these have reasonable
sanitation facilities. Of these - Hiple Station in Maharashtra; Balanivav,
Kagvadar, Asarma, Balota in Gujarat, IIav in Bharuch, Malkhed and Dandoti in
Karnataka, Nayan and Takrawda in Nagda – MP; Sawa, Naadsar and Arniyapan
Panchayat in Rajasthan; Kesarpura, Damodarpura, Khor in Madhya Pradesh; Devari
and Parasi in Sonebhadra District in Renukoot, Uttar Pradesh; Bagru in
Lohardaga - Jharkhand, Naickerpalayam, Chitteri, Thandalam, Parithiputhur,
Papamkuppam and Echankadu (Gummidipondi), Tamil Nadu, have attained 100%
sanitation. In fact the Government of Tamil Nadu on their website has commended
our Carbon Black Plant - Hi-Tech Carbon at Gummidipondi for its work in
this domain (Reference - Total Sanitation Campaign, Tiruvallur District, Tamil
Nadu State, construction of Toilets through Corporate Sectors - Success Story).
They have showcased the Group as a case study.
In the last 5 years the Foundation has set up over 10,000 toilets in villages in proximity to the company's plants across India. These include community complexes and at several schools as well. In doing so, we have helped provide sanitation facilities to nearly a million people in the villages that we work in, through collaborations and in an inclusive manner. But this is only the tip of the iceberg. Given the size of our country and its complexities; much more needs to be done. We owe this to our people, to the nation and to ourselves. Together we can make it happen.
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 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 :
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.64 |
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1 |
INR 89.32 |
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Euro |
1 |
INR 78.45 |
INFORMATION DETAILS
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Information
Gathered by : |
SHA |
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Analysis Done by
: |
VIV |
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Report Prepared
by : |
IND |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
NO |
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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.