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MIRA INFORM REPORT
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Report No. : |
488250 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
GAYATRI
SANDS PRIVATE LIMITED (w.e.f. 01.09.2014) |
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Formerly Known
As : |
BAPEX
PHARMA AND NUTRACEUTICALS PRIVATE LIMITED |
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Registered
Office : |
10/24,
Vaishli Nagar, Ajmer – 305001, Rajasthan |
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Tel. No.: |
91-145-2641706 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
24.12.2010 |
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Com. Reg. No.: |
17-033663 |
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Capital
Investment / Paid-up Capital : |
INR 12.775 Million |
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CIN No.: [Company Identification
No.] |
U14200RJ2010PTC033663 |
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IEC No.: |
Not Divulged |
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TIN / CST No.: |
08364402942 |
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GSTIN/UIN : |
08AAECB4227B1Z6 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECB4227B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer
of Resin Coated Sand. [Registered activity and also confirmed by management] |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January
2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Maximum Credit Limit : |
USD 64000 |
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Status : |
Recently commenced its business activity |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. It is engaged as
manufacturer of resin
coated sand. As per the
available financials of March 2017, the company has achieved revenue of INR
96.000 million from its first year of its business activity as it started its
commercial activity in the year 2016 and it has achieved average profit
margin. Rating
takes into account, the modest networth base and low liquidity position of
the company. However,
business is active. Payments seems to be slow but correct. In view
of aforesaid, the company can be considered for business dealings with some
caution. |
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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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 29.01.2018
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. Amit Gupta |
|
Designation : |
Wholetime Director |
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Contact No.: |
91-9352088706 |
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Date : |
27.01.2018 |
LOCATIONS
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Registered Office : |
10/24,
Vaishli Nagar, Ajmer – 305001, Rajasthan, India |
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Tel. No.: |
91-145-2641706 |
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Mobile No.: |
91-9352088706 (Mr. Amit Gupta) |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
Plot No. SP-76, Ajaymeru Industrial Area, Palra, Ajmer, Rajasthan, India |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Amit Gupta |
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Designation : |
Wholetime Director |
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Address : |
C/O 10/24, Vaishali Nagar, Ajmer – 305005, Rajasthan, India |
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Date of Birth/Age : |
31.01.1977 |
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Date of Appointment : |
01.06.2016 |
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DIN No.: |
03316259 |
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Other Directorship:
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Name : |
Mrs. Reshma Gupta |
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Designation : |
Director |
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Address : |
10/24, Vaishali Nagar, Ajmer – 305001, Rajasthan, India |
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Date of Birth/Age : |
15.09.1981 |
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Date of Appointment : |
01.06.2016 |
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DIN No.: |
03330499 |
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Amit Gupta |
1275000 |
99.80 |
|
Reshma Gupta |
2500 |
0.20 |
|
Total |
1277500 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 25.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer
of Resin Coated Sand. [Registered activity and also confirmed by management] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Advance Payment, Cheque and Credit (30 Days) |
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Purchasing : |
Advance Payment, Cheque and Credit (30 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
·
Avantika Enterprises, Ajmer ·
Evergreen Industries, Kota ·
Forace Industries ·
Forace Polymers Private Limited ·
Roshan Enterprises Dausa ·
Shree Tech Engineers Beawar ·
Silica Power India Kolayat ·
Venus Minerals and Tiles |
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Customers : |
End Users, OEM’s
·
Castamet Works Private Limited, Kharwa ·
Castex Technologies Limited, Bhiwadi ·
Ghaziabad Precision Private Limited, Sitarganj ·
HNV Casting Private Limited, Neemrana ·
Mahabal Auto Ancillaries Private Limited ·
Mahle Engine Components India Private Limited ·
Marshal Casting Limited, Faridabad ·
Rico Aluminium and Ferrous Auto Components
Limited, Gurugram ·
DCM Engineering Products Limited |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
·
Bank of Baroda, Ajmer, Rajasthan, India |
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Facilities : |
NOTES: LONG TERM BORROWINGS Term loan from HDFC Bank, Ajmer is secured by an equitable
mortgage by depositing title deed of the factory land situated at Plot No. SP-76,
Ajaymeru Industrial Area, Palra, Ajmer and also secured by personal guarantee
of the directors. Total term loan sanctioned INR 21.500 million (ROI 11.50%)
repayable in 60 monthly instalment. SHORT TERM BORROWINGS Working capital loan from HDFC Bank Ajmer of INR 12.500 million is secured by hypothecation by way of first and exclusive charge on present and future stock and book debts and secured by personal guarantee of the directors. Repayable on demand. Margin: 25% on stock <90 days, 50% on debtors <90 days. Rate of Interest 11.50% P.A. |
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Auditors : |
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Name : |
Ramawatar Gupta and Company Chartered Accountants |
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Address : |
Cement House, 1st Floor, Opposite Jaipur Golden Transport,
Madanganj-Kishangarh, Kishangarh – 305801, Rajasthan, India |
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Tel. No.: |
91-1463-246388 |
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Mobile No.: |
91-9414011388 |
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E-Mail : |
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PAN No.: |
AATPG8109K |
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Membership No.: |
075928 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises over which director and KMP exercises significant
influence : |
·
Gayatri Minerals |
CAPITAL STRUCTURE
AS ON 25.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
1277500 |
Equity Shares |
INR 10/- each |
INR 12.775 Million |
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FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
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|
(1)Shareholders' Funds |
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(a) Share Capital |
12.775 |
12.775 |
12.775 |
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(b) Reserves & Surplus |
9.492 |
(0.385) |
(0.385) |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
22.267 |
12.390 |
12.390 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
46.414 |
37.080 |
18.396 |
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(b) Deferred tax liabilities (Net) |
0.562 |
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 |
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Total Non-current
Liabilities (3) |
46.976 |
37.080 |
18.396 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
12.125 |
0.001 |
0.000 |
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(b) Trade
payables |
8.392 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
4.881 |
4.438 |
0.089 |
|
(d) Short-term
provisions |
5.060 |
0.049 |
0.010 |
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Total Current
Liabilities (4) |
30.458 |
4.488 |
0.099 |
|
|
|
|
|
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TOTAL |
99.701 |
53.958 |
30.885 |
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II.
ASSETS |
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|
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|
(1)
Non-current assets |
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|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
47.661 |
22.004 |
22.004 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.536 |
28.161 |
4.560 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.091 |
0.091 |
0.029 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
48.288 |
50.256 |
26.593 |
|
|
|
|
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|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
7.018 |
2.182 |
0.000 |
|
(c) Trade
receivables |
35.426 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
0.643 |
0.054 |
0.411 |
|
(e) Short-term
loans and advances |
8.326 |
1.466 |
0.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
3.881 |
|
Total
Current Assets |
51.413 |
3.702 |
4.292 |
|
|
|
|
|
|
TOTAL |
99.701 |
53.958 |
30.885 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
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SALES |
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|
Income |
95.996 |
0.000 |
0.000 |
|
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Other Income |
0.267 |
0.000 |
0.000 |
|
|
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TOTAL |
96.263 |
0.000 |
0.000 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
53.262 |
0.000 |
0.000 |
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|
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Purchase of Stock-in-trade |
0.000 |
0.000 |
0.000 |
|
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|
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Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(0.447) |
0.000 |
0.000 |
|
|
|
|
Employee Benefits Expenses |
2.367 |
0.000 |
0.000 |
|
|
|
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Other Expenses |
19.047 |
0.000 |
0.000 |
|
|
|
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TOTAL |
74.229 |
0.000 |
0.000 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
22.034 |
0.000 |
0.000 |
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Less |
FINANCIAL
EXPENSES |
3.296 |
0.000 |
0.000 |
||
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
18.738 |
0.000 |
0.000 |
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Less |
DEPRECIATION/ AMORTISATION |
4.061 |
0.000 |
0.000 |
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PROFIT/(LOSS)
BEFORE TAX |
14.677 |
0.000 |
0.000 |
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Less |
TAX |
4.800 |
0.000 |
0.000 |
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PROFIT/(LOSS)
AFTER TAX |
9.877 |
0.000 |
0.000 |
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IMPORTS |
|
|
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|
|
|
Components and spare parts, consumables |
NA |
1.476 |
0.000 |
|
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|
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Capital Goods |
NA |
2.994 |
0.000 |
|
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TOTAL IMPORTS |
NA |
4.470 |
0.000 |
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Earnings /
(Loss) Per Share (INR) |
7.73 |
0.00 |
0.00 |
||
NOTE: As per the available financials of
March 2017, the company has achieved revenue of INR 96.000 million from its first
year of its business activity as it started its commercial activity in the year
2016 and it has achieved average profit margin.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
|
|
|
|
HDFC Bank Ajmer |
4.686 |
4.186 |
0.000 |
|
Total
|
4.686 |
4.186 |
0.000 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation before extra-ordinary items |
(6.653) |
4.622 |
(6.004) |
|
Net cash flow from operating activities |
(6.653) |
4.622 |
(6.004) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
134.70 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.71 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
57.51 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
3.14 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.46 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.82 |
0.85 |
0.60 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.84 |
3.33 |
1.48 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.37 |
0.36 |
0.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.16 |
4.05 |
2.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.69 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
10.29 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.91 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
44.36 |
0.00 |
0.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.69 |
0.82 |
43.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.46 |
0.34 |
43.35 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.22 |
0.23 |
0.40 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
4.95 |
3.23 |
1.44 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.69 |
0.82 |
43.35 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
12.775 |
12.775 |
12.775 |
|
Reserves & Surplus |
(0.385) |
(0.385) |
9.492 |
|
Net
worth |
12.390 |
12.390 |
22.267 |
|
|
|
|
|
|
Long Term borrowings |
18.396 |
37.080 |
46.414 |
|
Short Term borrowings |
0.000 |
0.001 |
12.125 |
|
Current maturities of long term debt |
0.000 |
4.186 |
4.686 |
|
Total
borrowings |
18.396 |
41.267 |
63.225 |
|
Debt/Equity
ratio |
1.485 |
3.331 |
2.839 |
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) |
Yes |
|
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY AFFAIRS:
During the year the financial performance of the company has improved day by day as reflected in its profits and loss accounts i.e. the profits after depreciation and deferred expenses was INR 9.877 million in the financial year 2016-17.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
|
|
|
Directors |
|
|
|
Amit Gupta |
25.924 |
21.002 |
|
Reshma Gupta |
1.550 |
0.800 |
|
Others |
|
|
|
Om Prakash Gupta |
5.212 |
0.000 |
|
Indu Gupta |
2.198 |
0.000 |
|
Nidhi Gupta |
0.942 |
0.000 |
|
|
|
|
|
Total |
35.826 |
21.802 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C45672979 |
10546295 |
HDFC Bank Limited |
28/01/2015 |
28/01/2015 |
- |
34000000.0 |
HDFC Bank House Senapati Bapat Marg Lower Parel (West), Mumbai – 400013, Maharashtra, India |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Office Equipment
·
Furniture and Fixture
·
Computer
·
Vehicles
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 63.50 |
|
|
1 |
INR 90.92 |
|
Euro |
1 |
INR 79.07 |
INFORMATION DETAILS
|
Information Gathered
by : |
SPR |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
YES |
|
--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.