|
|
|
MIRA INFORM REPORT
|
Report No. : |
489092 |
|
Report Date : |
30.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PARADISE HOLIDAYS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
312, Ansals Classique Tower, J Block, Community Center,
Rajouri Garden, New Delhi - 110027 |
|
Tel. No.: |
91-11-45541271 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
25.08.2005 |
|
|
|
|
Com. Reg. No.: |
55- 140014 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63040DL2005PTC140014 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
GSTIN/UIN: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP6848H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is
engaged into tour operator providing services of inbound tour operation.
[Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2005. As per the financial of 2017, the company has achieved a significant growth
of 30.73% in its revenue as compared to the previous year’s revenue and has
gained a favourable profitability margin of 22.41%. The satisfactory financial profile of the company is reflected by
adequate net worth base along with negligible debt level and fair liquidity
position. Business is active. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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.
LOCATIONS
|
Registered Office : |
312, Ansals Classique Tower, J Block, Community Center,
Rajouri Garden, New Delhi – 110027, India |
|
Tel. No.: |
91-11-45520735 – 739/25108463 |
|
Mobile No.: |
91-9811052376 (Mr. Rajnish Kaistha) 91-11-9810054543 (Hemant Gupta) |
|
Fax No.: |
91-11-25109463 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Krishan Kumar Gupta |
|
Designation : |
Managing Director |
|
Address : |
C-15, Anand Niketan, New Delhi -110021, India |
|
Date of Birth/Age : |
05.03.1941 |
|
Date of Appointment : |
25.08.2005 |
|
DIN No.: |
00365614 |
|
|
|
|
Name : |
Mr. Hemant Gupta |
|
Designation : |
Director |
|
Address : |
C-15, Anand Niketan, New Delhi -110021, India |
|
Date of Birth/Age : |
03.12.1975 |
|
Date of Appointment : |
25.08.2005 |
|
DIN No.: |
00365680 |
|
|
|
|
Name : |
Mr. Sumedha Gupta |
|
Designation : |
Director |
|
Address : |
C-15, Anand Niketan, New Delhi -110021, India |
|
Date of Birth/Age : |
14.02.1949 |
|
Date of Appointment : |
25.08.2005 |
|
DIN No.: |
00365854 |
|
|
|
|
Name : |
Mr. Surinder Kumar Gupta |
|
Designation : |
Director |
|
Address : |
E-31, Anand Niketan, New Delhi -110021, India |
|
Date of Birth/Age : |
01.04.1935 |
|
Date of Appointment : |
25.08.2005 |
|
DIN No.: |
00365900 |
|
|
|
|
Name : |
Mr. Rajnish Kaistha |
|
Designation : |
Director |
|
Address : |
C-2/2326, Vasant Kunj, New Delhi -110070, India |
|
Date of Birth/Age : |
01.04.1961 |
|
Date of Appointment : |
25.08.2005 |
|
DIN No.: |
00365971 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Krishan Kumar Gupta |
24000 |
24.00 |
|
Sumedha Gupta |
25000 |
25.00 |
|
Hemant Gupta |
25000 |
25.00 |
|
Surinder Kumar Gupta |
1000 |
1.00 |
|
Rajnish Kaistha |
25000 |
25.00 |
|
Total |
100000 |
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 : |
Subject
is engaged into tour operator providing services of inbound tour operation.
[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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
|
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||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
Gupta Thapar and Company Chartered Accountant |
|
Address : |
D-53, Anand Biketan, New Delhi – 110021, India |
|
Tele-Fax No.: |
91-11-24118176/ 41661979 |
|
Email : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKPG8803F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
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 |
1.000 |
1.000 |
1.000 |
|
(b) Reserves &
Surplus |
46.097 |
39.991 |
42.933 |
|
(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) |
47.097 |
40.991 |
43.933 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.823 |
0.430 |
0.000 |
|
(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) |
1.823 |
0.430 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
4.816 |
0.724 |
|
(b) Trade payables |
6.291 |
0.789 |
1.860 |
|
(c) Other current liabilities |
5.411 |
5.663 |
2.426 |
|
(d) Short-term provisions |
2.340 |
0.000 |
0.633 |
|
Total Current Liabilities
(4) |
14.042 |
11.268 |
5.643 |
|
|
|
|
|
|
TOTAL |
62.962 |
52.689 |
49.576 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.066 |
7.722 |
8.727 |
|
(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) |
0.754 |
0.779 |
0.738 |
|
(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 |
9.820 |
8.501 |
9.465 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
7.809 |
3.132 |
3.034 |
|
(d) Cash and cash
equivalents |
23.715 |
21.011 |
21.425 |
|
(e) Short-term loans and
advances |
20.157 |
15.725 |
13.226 |
|
(f) Other current assets |
1.461 |
4.320 |
2.426 |
|
Total Current Assets |
53.142 |
44.188 |
40.111 |
|
|
|
|
|
|
TOTAL |
62.962 |
52.689 |
49.576 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
27.245 |
20.840 |
23.454 |
|
|
Other Income |
4.398 |
0.749 |
1.473 |
|
|
TOTAL |
31.643 |
21.589 |
24.927 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
14.175 |
12.921 |
13.973 |
|
|
Other expenses |
7.192 |
7.981 |
6.350 |
|
|
Prior period items |
0.000 |
0.019 |
0.618 |
|
|
TOTAL |
21.367 |
20.921 |
20.941 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
10.276 |
0.668 |
3.986 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.275 |
0.217 |
0.298 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
10.001 |
0.451 |
3.688 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.513 |
1.628 |
2.029 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
8.488 |
(1.177) |
1.659 |
|
|
|
|
|
|
|
Less |
TAX |
2.382 |
(0.040) |
0.638 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6.106 |
(1.137) |
1.021 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
61.06 |
(11.37) |
10.21 |
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 |
10.484 |
(4.069) |
4.745 |
|
Net cash flows from (used in) operations |
8.597 |
(4.069) |
4.745 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
104.62 |
54.86 |
47.22 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.49 |
6.65 |
7.73 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.0 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.13 |
0.09 |
0.46 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.25 |
0.22 |
0.11 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.04 |
0.13 |
0.02 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.30 |
0.27 |
0.13 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.19 |
0.19 |
0.20 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
37.37 |
3.08 |
13.38 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
22.41 |
(5.46) |
4.35 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
9.70 |
(2.16) |
2.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
12.96 |
(2.77) |
2.32 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
3.78 |
3.92 |
7.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
3.78 |
3.92 |
7.11 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.75 |
0.78 |
0.89 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
1.82 |
5.25 |
0.72 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
3.78 |
3.92 |
7.11 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
1.000 |
1.000 |
1.000 |
|
Reserves & Surplus |
42.933 |
39.991 |
46.097 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
43.933 |
40.991 |
47.097 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.430 |
1.823 |
|
Short Term borrowings |
0.724 |
4.816 |
0.000 |
|
Total
borrowings |
0.724 |
5.246 |
1.823 |
|
Debt/Equity
ratio |
0.016 |
0.128 |
0.039 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
23.454 |
20.840 |
27.245 |
|
|
|
(11.145) |
30.734 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
23.454 |
20.840 |
27.245 |
|
Profit |
1.021 |
(1.137) |
6.106 |
|
|
4.35% |
(5.46%) |
22.41% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
STATE OF
COMPANY'S AFFAIRS
The total income of your company during the year is INR 31.643 Million as compared to last year INR 21.589 Million. Income of the company has increased by almost 46.58% as Compared to the last financial year. Profit before depreciation and Income tax including deferred tax during the year is INR 10.001 Million as compared to last year INR 0.451 Million. Surplus after providing deprecation/Income tax including deferred tax is INR 6.106 Million.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Overdraft from banks |
0.000 |
4.392 |
|
Total |
0.000 |
4.392 |
INDEX OF CHARGE:
|
S No |
SRN |
Charge Id |
Charge Holder
Name |
Date of Creation |
Date of
Modification |
Date of Satisfaction |
|
1 |
G12368346 |
100050856 |
STANDARD CHARTERED
BANK |
21/09/2016 |
22988500.0 |
10, PARLIAMENT
STREET NEW DELHI DL 110001 IN |
CONTINGENT
LIABILITIES
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
|
|
|
|
Guarantees given by bank on behalf of company |
2.100 |
2.100 |
|
|
|
|
FIXED ASSETS:
- Plant and Machinery
- Building
- Computer
- Furniture and Fixtures
- Vehicle General
- Vehicle Tourist
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
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.55 |
|
|
1 |
INR 89.82 |
|
Euro |
1 |
INR 78.87 |
INFORMATION DETAILS
|
Analysis Done by
: |
NYT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.