|
|
|
MIRA INFORM REPORT
|
Report No. : |
486955 |
|
Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARMOUR ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.3737, G.I.D.C., Phase – IV, B/H. New Nirma, Vatva, Ahmedabad –
382445, Gujarat |
|
Tel. No.: |
91-79-25842111/25840818 |
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|
|
|
Country : |
India |
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|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
21.03.1994 |
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|
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|
Com. Reg. No.: |
04-021596 |
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|
|
Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909GJ1994PTC021596 |
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|
IEC No.: |
Not Divulged |
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|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCA6984D |
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TIN No: |
24571800203 |
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GSTIN/UIN : |
24AABCA6984D1ZS |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of electronic safe and lockers. (Registered Activity) |
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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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 3425 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company incorporated in the year 1994. For the financial year 2017, the company has registered decrease in its
scale of operations and maintained average profitability margin of 2.86%. The rating takes into consideration company’s modest networth base
along with small scale of business operations. Further, rating constrained on account of excess of borrowing recorded
during the year and intense competition from industry. However, trade relations are reported as fair. Payments are slow but
correct. 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 |
|
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 30.01.2018.
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 BY
|
Name : |
Mr. Ranjitsingh Wasu |
|
Designation : |
Director |
|
Contact No.: |
91-9825037288 |
|
Date : |
21.01.2018 |
Tel. No.: 91-79-25842111/25840818 (numbers are continuously ringing)
LOCATIONS
|
Registered Office/ Works : |
Plot No.3737, G.I.D.C., Phase – IV, B/H. New Nirma, Vatva, Ahmedabad –
382445, Gujrat, India |
|
Tel. No.: |
91-79-25842111/25840818 |
|
Mobile No: |
91-9825037288 (Mr. Ranjitsingh Wasu) |
|
Fax No.: |
91-79-25840818 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Bhupinderkaur Ranjitsingh Wasu |
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|
Designation : |
Director |
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|
Address : |
11, Harshad Kunj Society, Mani Nagar (East), Ahmedabad - 380008, Gujarat, India |
||||||||
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Date of Birth/Age : |
03.12.1963 |
||||||||
|
Date of Appointment : |
01.01.2000 |
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DIN No.: |
00250867 |
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|
|
||||||||
|
Name : |
Mr. Ranjitsingh Mahindersingh Wasu |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
11, Harshad Kunj Society, Mani Nagar (East), Ahmedabad - 380008, Gujarat, India |
||||||||
|
Date of Birth/Age : |
07.08.1956 |
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Date of Appointment : |
25.03.1994 |
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DIN No.: |
00250908 |
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|
|
||||||||
|
Name : |
Mr. Satbirsingh Ranjitsingh Wasu |
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
11, Harshad Kunj Society, Mani Nagar (East), Ahmedabad - 380008, Gujarat, India |
||||||||
|
Date of Birth/Age : |
26.11.1986 |
||||||||
|
Date of Appointment : |
25.01.2012 |
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DIN No.: |
03065659 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
%Age |
|
Bhupinderkaur Ranjitsingh Wasu |
9300 |
93.00 |
|
Ranjitsingh Mahindersingh Wasu |
700 |
7.00 |
|
Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2017
|
Category |
Percentage |
|
Promoters
(Individual/Hindu Undivided Family - Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of electronic safe and lockers. (Registered Activity) |
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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 : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS - NOT AVAILABLE
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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Facilities : |
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Auditors : |
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|
Name : |
Dang and Associates LLP Chartered Accountants |
|
Address : |
A-401, West Gate, Near YMCA Club, S. G Highway, Ahmedabad – 380015,
Gujrat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAMFD4041L |
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Memberships : |
Not Available |
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|
Collaborators : |
Not Available |
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|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
1.099 |
0.848 |
0.756 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1.199 |
0.948 |
0.856 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
5.121 |
6.100 |
5.258 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.103 |
0.134 |
|
(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) |
5.121 |
6.203 |
5.392 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.668 |
0.045 |
0.000 |
|
(b) Trade
payables |
0.298 |
1.414 |
0.747 |
|
(c) Other
current liabilities |
0.182 |
0.157 |
0.624 |
|
(d) Short-term
provisions |
0.134 |
0.139 |
0.103 |
|
Total Current Liabilities
(4) |
1.282 |
1.755 |
1.474 |
|
|
|
|
|
|
TOTAL |
7.602 |
8.906 |
7.722 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.453 |
1.678 |
1.931 |
|
(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) |
0.025 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
1.010 |
0.483 |
0.380 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
3.488 |
2.161 |
2.311 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2.959 |
5.321 |
3.603 |
|
(c) Trade
receivables |
0.298 |
0.268 |
0.684 |
|
(d) Cash
and cash equivalents |
0.818 |
1.156 |
1.124 |
|
(e)
Short-term loans and advances |
0.039 |
0.000 |
0.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
4.114 |
6.745 |
5.411 |
|
|
|
|
|
|
TOTAL |
7.602 |
8.906 |
7.722 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
8.781 |
9.544 |
8.866 |
|
|
Other Income |
0.535 |
0.442 |
0.362 |
|
|
TOTAL |
9.316 |
9.986 |
9.228 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
2.362 |
5.541 |
5.258 |
|
|
Purchases of
Stock-in-Trade |
3.298 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
0.000 |
0.832 |
0.564 |
|
|
Other expenses |
3.171 |
3.149 |
2.966 |
|
|
TOTAL |
8.831 |
9.522 |
8.788 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
0.485 |
0.464 |
0.440 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.034 |
0.011 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
0.485 |
0.430 |
0.429 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.267 |
0.310 |
0.385 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.218 |
0.121 |
0.044 |
|
|
|
|
|
|
|
Less |
TAX |
(0.033) |
0.030 |
0.023 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.251 |
0.091 |
0.021 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
- Basic |
25.13 |
9.12 |
2.14 |
|
|
- Diluted |
25.13 |
9.12 |
2.14 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
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 |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
12.39 |
10.25 |
28.16 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
29.47 |
35.61 |
12.96 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
19.22 |
93.14 |
51.86 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.16 |
0.09 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.20 |
0.28 |
0.23 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.84 |
0.88 |
0.87 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
4.83 |
6.48 |
6.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.07 |
1.85 |
1.72 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
2.05 |
1.77 |
2.26 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
13.65 |
40.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
2.86 |
0.95 |
0.24 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
3.30 |
1.02 |
0.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.93 |
9.60 |
2.45 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.21 |
3.84 |
3.67 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.90 |
0.81 |
1.23 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.16 |
0.11 |
0.11 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
57.89 |
61.45 |
52.58 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.21 |
3.84 |
3.67 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.756 |
0.848 |
1.099 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
0.856 |
0.948 |
1.199 |
|
|
|
|
|
|
long-term borrowings |
5.258 |
6.100 |
5.121 |
|
Short term borrowings |
0.000 |
0.045 |
0.668 |
|
Total borrowings |
5.258 |
6.145 |
5.789 |
|
Debt/Equity ratio |
6.143 |
6.482 |
4.828 |
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 |
8.866 |
9.544 |
8.781 |
|
|
|
7.647 |
(7.995) |
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 |
8.866 |
9.544 |
8.781 |
|
Profit/(Loss) |
0.021 |
0.091 |
0.251 |
|
|
0.24% |
0.95% |
2.86% |
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 |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
NOTE:
The registered office of the company has been shifted from 9/13, Vasant Vihar Society, Near Mithkhali Six Roads, Ahmedabad, Gujarat to the present address w.e.f. 02.04.2007.
STATE OF COMPANY’S AFFAIRS:
During the current financial year, the company has made Net Profit of INR 0.251 million as compared to Net Profit INR 0.091 million made in previous financial year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Others |
5.121 |
6.100 |
|
Total |
5.121 |
6.100 |
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
·
Buildings
·
Plant and Machinery
·
Furniture and Fittings
·
Motor Vehicles
·
Office Equipments
·
Computers and Data
Processing Unit
·
Land
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 63.55 |
|
|
1 |
INR 89.82 |
|
Euro |
1 |
INR 78.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
PVG |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.