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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

488304

Report Date :

25.01.2018

 

IDENTIFICATION DETAILS

 

Name :

SHIVAM UDYOG PRIVATE LIMITED

 

 

Registered Office :

109 1ST Floor, 9 Sikka Galaxy, Shereshtha Vihar, New Delhi - 110092

Tel. No.:

91-11-22163560

 

 

Country :

India

 

 

Financials (as on) :

31.03.2016

 

 

Date of Incorporation :

14.10.1996

 

 

Com. Reg. No.:

55-082635

 

 

Capital Investment / Paid-up Capital :

INR 21.272 Million

 

 

CIN No.:

[Company Identification No.]

U21011DL1996PTC082635

 

 

IEC No.:

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

GSTIN :

Not Divulged

 

 

PAN No.:

[Permanent Account No.]

AABCS6866Q

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Wholesale Trade of Paper in Bulk. (Registered activity)

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

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 :

Shivam Udyog Private Limited was incorporated in the year 1996. It is a trader of Paper.

 

Management has failed to file its financials with Registrar of Companies for the FY 2017.

 

As per the available financial of 2016, the company has achieved 41.29 growth in its revenue as compared to previous year revenue but has reported low profit margin of 0.61%.

 

The sound financial profile of the company is marked by adequate networth base along with negligible debt level.

 

The rating takes into consideration the subject’s long track record of business operations along with extensive experience of its promoters.

 

However, rating strengths are partially offset by unfavourable gap between trade payables trade receivables.

 

Business is active. Payments are reported to be usually correct.

 

In view of aforesaid, the company can be considered for business dealings at usual 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

 

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 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 PARTED DENIED BY

 

Name :

Mr. Jitendra Aggarwal

Designation :

Director

Contact No.:

91-9810024813

Date :

25.01.2018

 

Tel. No.: 91-11-22163560 – Ringing

 

 

 

LOCATIONS

 

Registered Office :

109 1ST Floor, 9 Sikka Galaxy, Shereshtha Vihar, New Delhi – 110092, India

Tel. No.:

91-11-22163560

Mobile No.:

91-9810024813 (Mr. Jitendra Aggarwal)

Fax No.:

91-11-22163561

E-Mail :

admin@alokbajaj.com

shivamudyog@yahoo.com

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Jitendra Aggarwal

Designation :

Director

Address :

205, Block G, Preet Vihar, Delhi – 110092, India

Date of Appointment :

14.10.1996

DIN No.:

01317150

 

 

Name :

Ms. Anju Aggarwal

Designation :

Director

Address :

D-35, Block D, Vivek Vihar, Delhi – 110095, India

Date of Birth/Age :

10.01.1976

Date of Appointment :

24.05.2016

DIN No.:

07526859

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2016 

 

Names of Shareholders

 

No. of Shares

Jitendra Aggarwal

 

1163472

Ravindra Aggarwal

 

872810

Jitendra Aggarwal (HUF)

 

49587

Ravindra Aggarwal (HUF)

 

41323

Total

 

2127192

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2016

 

Category

Percentage

Promoter – (Individual/ Hindu Undivided Family – Indian)

95.73

Public  – (Individual/ Hindu Undivided Family – Indian)

4.27

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Wholesale Trade of Paper in Bulk. (Registered activity)

 

 

Products :

Item Code No.

Product Description

46696

Wholesale Trade of Paper in Bulk

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :
  • Durga Distributors
  • Fibre Resources
  • Pap Tech India Private Limited
  • Mandy Enterprises
  • Narsingh Dass and Company
  • Pragati Papers Industries Limited
  • SS Traders
  • AR Enterprisers
  • Alok Bajaj and Associates

 

 

Reference :

Bhargava Paper Inc.

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :
  • Anand Sons
  • Fibre Resources
  • Eam Zee Print Pack
  • Scap Lamipack Private Limited
  • Shree Enterprises
  • S.S. Graphics
  • Sudershan Printeres
  • Sumpap India
  • Diamond Magazines Private Limited
  • Good Morining India Media Private Limited
  • Link International
  • New Print India Private Limited
  • MJP India Private Limited
  • Suman Enterprises
  • Suresh Paper Private Limited
  • Sahara India Mass Communications

 

Reference :

Amit Overseas

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Indian Overseas Bank

Branch

Connaught Place Branch, M-13, Punj House Annexe, Connaught Place, New Delhi – 201001, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

Secured Loan

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

Long-term Borrowings

 

 

Kotak Mahindra Prime Limited (CF 7372366) Car Loan

0.000

0.103

Kotak Mahindra Prime Limited (CF 8665646) Car Loan

0.000

0.278

Kotak Mahindra Prime Limited (CF 8665649) Car Loan

0.000

0.304

Axis Bank Limited (Car Loan No. AUR082401426311)

0.706

0.000

 

 

 

Short-term borrowings

 

 

Buyer Credit Under FLC:

 

 

Indian Overseas Bank – Hong Kong

5.541

4.641

Bank of Baroda – Hong Kong

0.000

1.981

Canara Bank – China

0.000

4.087

Punjab National Bank (Dubai)

14.232

9.079

Others:

 

 

Indian Overseas Bank

48.347

15.101

(Secured against the Prime security of Stock and Debtors)

 

 

Axis Bank Limited (Car Loan No. AUR082401426311)

0.505

0.000

 

 

 

Total

69.331

35.574

 

Auditors :

 

Name :

Alok Bajaj and Associates

Chartered Accountants

Address :

7A/75 , Ground Floor, Wea Karol Bagh, New Delhi – 110005, India

Membership Number:

005559N

PAN N Income-tax PAN of auditor or auditor's firm :

AEOPB5774N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

As on 31.03.2016

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2250000

Equity Shares

INR 10/- each

INR 22.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2127192

Equity Shares

INR 10/- each

INR 21.272 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2016

31.03.2015

31.03.2014

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

21.272

21.272

15.962

(b) Reserves & Surplus

199.145

197.605

3.342

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.000

6.425

Total Shareholders’ Funds (1) + (2)

220.417

218.877

25.729

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

18.810

11.181

32.220

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

18.810

11.181

32.220

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

69.814

35.930

18.062

(b) Trade payables

79.662

48.265

33.297

(c) Other current liabilities

2.782

2.246

1.278

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

152.258

86.441

52.637

 

 

 

 

TOTAL

391.485

316.499

110.586

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

199.355

197.959

5.349

(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)

0.519

0.370

0.160

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

199.874

198.329

5.509

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.045

0.041

0.041

(b) Inventories

57.034

25.082

39.747

(c) Trade receivables

127.322

89.993

57.456

(d) Cash and cash equivalents

0.384

0.414

0.301

(e) Short-term loans and advances

4.599

1.978

7.030

(f) Other current assets

2.227

0.662

0.502

Total Current Assets

191.611

118.170

105.077

 

 

 

 

TOTAL

391.485

316.499

110.586

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2016

31.03.2015

31.03.2014

 

SALES

 

 

 

 

Income

339.766

240.466

189.013

 

Other Income

4.317

3.505

1.187

 

TOTAL

344.083

243.971

190.200

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchases of Stock-in-Trade

350.197

211.759

179.511

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(31.951)

14.664

(4.454)

 

Employees benefits expense

1.836

1.760

0.974

 

Other expenses

8.785

7.533

6.736

 

TOTAL

328.867

235.716

182.767

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

15.216

8.255

7.433

 

 

 

 

 

Less

FINANCIAL EXPENSES

10.905

6.307

6.175

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

4.311

1.948

1.258

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

1.301

1.084

0.445

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

3.010

0.864

0.813

 

 

 

 

 

Less

TAX

0.930

0.298

0.252

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

2.080

0.566

0.561

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

0.98

0.27

0.35

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2016

31.03.2015

31.03.2014

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Average Collection Days

(Sundry Debtors / Income * 365 Days)

136.78

136.60

110.95

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

2.67

2.67

3.29

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

83.03

83.19

67.70

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.27

0.33

0.19

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.08

0.04

1.39

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.44

0.31

0.77

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.40

0.22

1.95

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.69

0.39

2.05

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.90

0.90

0.21

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.40

1.31

1.20

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2016

31.03.2015

31.03.2014

Net Profit Margin

((PAT / Sales) * 100)

%

0.61

0.24

0.30

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.53

0.18

0.51

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

0.94

0.26

2.18

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2016

31.03.2015

31.03.2014

Current Ratio

(Current Assets / Current Liabilities)

1.26

1.37

2.00

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.88

1.08

1.24

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.56

0.69

0.23

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

4.17

2.21

3.15

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.26

1.37

2.00

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

 

 

FINANCIAL ANALYSIS

[all figures are INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Share Capital

15.962

21.272

21.272

Reserves & Surplus

3.342

197.605

199.145

Share Application money pending allotment

6.425

0.000

0.000

Net worth

25.729

218.877

220.417

 

 

 

 

Long Term borrowings

32.220

11.181

18.810

Short Term borrowings

18.062

35.930

69.814

Total borrowings

50.282

47.111

88.624

Debt/Equity ratio

1.954

0.215

0.402

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Sales

189.013

240.466

339.766

 

 

27.222

41.295

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2014

31.03.2015

31.03.2016

 

INR In Million

INR In Million

INR In Million

Sales

189.013

240.466

339.766

Profit

0.561

0.566

2.080

 

0.30%

0.24%

0.61%

 

 

 

 

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

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

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

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

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

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

UNSECURED LOAN

 

Unsecured Loan

31.03.2016

(INR in Million)

31.03.2015

(INR in Million)

Long-term Borrowings

 

 

Anju Aggarwal (Meerut)

0.200

0.200

Jitendra Aggarwal (Loan)

11.915

3.790

Ravindra Aggarwal (Loan)

0.979

0.269

Jitendra Aggarwal (HUF)

1.875

1.875

Ravindra Aggarwal (HUF)

1.900

1.900

Shri Balaji Mandir

0.000

0.000

ICICI Bank Loan No. UPDEL00031266793

0.301

0.607

Religare Finvest Limited Loan No. XSMEPNG00056690

0.934

1.855

 

 

 

Short-term borrowings

 

 

Bajaj Finance Limited (401PSB00273361)

0.000

(0.001)

ICICI Bank Loan No. UPDEL00031266793

0.306

0.255

Religare Finvest Limited Loan No. XSMEPNG00056690

0.883

0.787

Total

19.293

11.537

 

 

INDEX OF CHARGES:

 

SNo

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G45002318

80056059

Indian Overseas Bank

25/03/2005

15/03/2017

-

140000000.0

Connaught Place Branch, M-13, Punj House Annexe, Connaught Place, New Delhi – 201001, India

2

G45001781

80056058

Indian Overseas Bank

24/03/2005

15/03/2017

-

140000000.0

Connaught Place Branch, M-13, Punj House Annexe, Connaught Place, New Delhi – 201001, India

3

Y10138559

90058464

INDIAN OVERSEAS BANK

18/03/2004

-

-

23500000.0

Connaught Place Branch, M-13, Punj House Annexe, Connaught Place, New Delhi – 201001, India

 

 

FIXED ASSETS

 

  • Air Conditioner
  • Car
  • Computer and Printers
  • Fire Extinguisher
  • Generator
  • Laptop
  • Mobile
  • Office Equipment
  • Plant and Machinery
  • Printers
  • UPS
    Cycle
  • Fax Machine
  • Furniture
  • Generator
  • Tools and Equipment
  • Scooters
  • CCTV Camera
  • Land
  • Building

 

 

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 :

            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 63.64

UK Pound

1

INR 89.32

Euro

1

INR 78.45

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

VRS

 

 

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)

 

 

 

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.