|
|
|
MIRA INFORM REPORT
|
Report No. : |
489078 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PACIFIC BLUE CARGO PRIVATE LIMITED (w.e.f. 11.02.2014) |
|
|
|
|
Formerly Known
As : |
BRAVISH
CARGO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D3/902, Sanghvi Valley Parsik Nagar, Kharegaon Thane –
400605, Maharashtra |
|
Tel. No.: |
91-22-67411212 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
22.04.2013 |
|
|
|
|
Com. Reg. No.: |
11- 242293 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60231MH2013PTC242293 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCB5504N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in providing customized solutions with a
complete range of services like freight forwarding, transportation, etc.
through various modes, be it air, ocean or surface. The company also handles
the documentations, insurances, warehousing, custom clearances and other
security related issues related to shipments. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied 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 : |
Subject was incorporated in the year 2013. The company is engaged in
providing freight forwarding services, transportation services, etc. through
various modes – air, ocean and surface. For the financial year ended 2017, the company has reported a
significant increase in its revenue along with average net profit margin of
3.51%. The overall financial position of the company seems to be satisfactory
marked by sufficient net worth base along with low debt balance sheet profile
and comfortable liquidity parameters. Rating takes into consideration the company’s healthy Earnings Per
Share (EPS) of INR 539.23 as against its Face Value (FV) of INR 10. Business is active. Payment 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.
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 31.01.2018
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-22-67411212)
LOCATIONS
|
Registered Office : |
D3/902, Sanghvi Valley Parsik Nagar, Kharegaon Thane –
400605, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Headquarters: |
Advance House, Makwana Road,
Andheri (East), Mumbai - 400 059, Maharashtra, India |
|
Tel. No.: |
91-22-67411212 |
|
|
|
|
Branch Office: |
Synergy Tower, Near Vodafone
House, Corporate Road, Prahladnagar, Ahmedabad - 380 051, Gujarat, India. |
|
Tel. No.: |
91-79-40322906 |
|
Fax No.: |
91-79-40038444 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Parag Prakash Bawdekar |
|
Designation : |
Director |
|
Address : |
D3/902, Sanghvi Valley Parsik Nagar, Kharegaon Thane –
400605, Maharashtra, India |
|
Date of Birth/Age : |
05.02.1979 |
|
Date of Appointment : |
22.04.2013 |
|
DIN No.: |
06464320 |
|
|
|
|
Name : |
Mrs. Jyoti Parag Bawdekar |
|
Designation : |
Director |
|
Address : |
504 Siddesh Tower Behind Vishal Tower Kolbad Road Thane
West - 400601, Maharashtra, India |
|
Date of Birth/Age : |
28.11.1976 |
|
Date of Appointment : |
22.04.2013 |
|
DIN No.: |
06464382 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Parag Prakash Bawdekar |
4900 |
49.00 |
|
Jyoti Parag Bawdekar |
5100 |
51.00 |
|
Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in providing customized solutions with a
complete range of services like freight forwarding, transportation, etc.
through various modes, be it air, ocean or surface. The company also handles the
documentations, insurances, warehousing, custom clearances and other security
related issues related to shipments. [Registered Activity] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
(INR
In Million)
|
|
Auditors : |
|
|
Name : |
R.U. Kamath and Company Chartered Accountants |
|
Address : |
A-203, Shaheen Chambers, Dawood Baug, Off. J.P. Road, Andheri (West),
Mumbai-400058, Maharashtra, India |
|
Tel. No.: |
91-22-26797663 |
|
Fax No.: |
91-22-26797664 |
|
E-Mail : |
|
|
Website: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEPK8018L |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Entity under common control of KMP : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
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
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 |
16.170 |
10.778 |
4.942 |
|
(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) |
16.270 |
10.878 |
5.042 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.265 |
0.273 |
0.354 |
|
(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) |
1.265 |
0.273 |
0.354 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4.599 |
2.138 |
0.000 |
|
(b) Trade payables |
12.486 |
11.689 |
8.956 |
|
(c) Other current
liabilities |
2.813 |
1.962 |
3.081 |
|
(d) Short-term provisions |
2.623 |
2.531 |
3.160 |
|
Total Current Liabilities
(4) |
22.521 |
18.320 |
15.197 |
|
|
|
|
|
|
TOTAL |
40.056 |
29.471 |
20.593 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.567 |
1.290 |
1.793 |
|
(ii) Intangible Assets |
0.017 |
0.047 |
0.123 |
|
(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) |
0.208 |
0.060 |
-0.055 |
|
(d) Long-term Loan and Advances |
1.464 |
0.954 |
0.492 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
4.256 |
2.351 |
2.353 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
19.220 |
19.991 |
11.418 |
|
(d) Cash and cash
equivalents |
1.028 |
0.913 |
2.544 |
|
(e) Short-term loans and
advances |
15.552 |
6.216 |
4.278 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
35.800 |
27.120 |
18.240 |
|
|
|
|
|
|
TOTAL |
40.056 |
29.471 |
20.593 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
153.734 |
136.477 |
110.453 |
|
|
Other Income |
1.556 |
0.348 |
0.312 |
|
|
TOTAL |
155.290 |
136.825 |
110.765 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
operating Expenses |
113.477 |
102.834 |
82.853 |
|
|
Employees benefits expense |
21.736 |
15.542 |
10.369 |
|
|
Other expenses |
9.896 |
9.150 |
8.719 |
|
|
TOTAL |
145.109 |
127.526 |
101.941 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
10.181 |
9.299 |
8.824 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.089 |
0.592 |
0.135 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
9.092 |
8.707 |
8.689 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.213 |
1.054 |
0.510 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.879 |
7.653 |
8.179 |
|
|
|
|
|
|
|
Less |
TAX |
2.487 |
1.817 |
3.215 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
5.392 |
5.836 |
4.964 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Fright and related income
|
0.237 |
0.266 |
0.000 |
|
|
TOTAL EARNINGS |
0.237 |
0.266 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
539.23 |
583.59 |
496.43 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.333 |
0.081 |
0.073 |
|
|
|
|
|
|
Cash generated from operating activities |
2.728 |
1.050 |
4.956 |
|
|
|
|
|
|
Net Cash flows generated from operating activities |
0.451 |
(2.185) |
(3.118) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
45.63 |
53.46 |
37.73 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
8.00 |
6.83 |
9.67 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.94 |
6.96 |
4.61 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.60 |
0.63 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.38 |
0.23 |
0.08 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.38 |
1.68 |
3.01 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.16 |
0.12 |
0.38 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
9.35 |
15.71 |
65.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
3.51 |
4.28 |
4.49 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
13.46 |
19.80 |
24.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
33.14 |
53.65 |
98.45 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.59 |
1.48 |
1.20 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.59 |
1.48 |
1.20 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.41 |
0.37 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
61.97 |
24.92 |
4.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.59 |
1.48 |
1.20 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
4.942 |
10.778 |
16.170 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5.042 |
10.878 |
16.270 |
|
|
|
|
|
|
Long Term borrowings |
0.354 |
0.273 |
1.265 |
|
Short Term borrowings |
0.000 |
2.138 |
4.599 |
|
Current Maturities of Long term debt |
0.073 |
0.081 |
0.333 |
|
Total
borrowings |
0.427 |
2.492 |
6.197 |
|
Debt/Equity
ratio |
0.085 |
0.229 |
0.381 |
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
|
110.453 |
136.477 |
153.734 |
|
|
|
23.561 |
12.645 |
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
|
110.453 |
136.477 |
153.734 |
|
Profit |
4.964 |
5.836 |
5.392 |
|
|
4.49% |
4.28% |
3.51% |
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 |
Yes |
|
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 |
BACKGROUND AND NATURE
OF OPERATIONS
Subject was incorporated on 22 April 2013. The company is engaged in
providing customized solutions with a complete range of services like freight
forwarding, transportation, etc. through various modes, be it air, ocean or
surface. The company also handles the documentations, insurances, warehousing,
custom clearances and other security related issues related to shipments.
OPERATIONS
This is the fourth financial year of the company, during the year, the company’s
revenue from operation was INR 153.734 million as compared to previous year the
same was INR 136.477 million.
The company has earned net profit after tax of INR 5.392 million as
compared to previous year of INR 5.836 million. The board is confident about
growth of the company is years to come.
UNSECURED LOANS:
(INR
In Million)
|
Particulars |
As
on 31.03.2017 |
As
on 31.03.2016 |
|
SHORT TERM
BORROWING |
|
|
|
Loans from related party are interest free and repayable on demand |
0.000 |
1.124 |
|
Total |
0.000 |
1.124 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
AMOUNT |
ADDRESS |
|
1 |
G42957415 |
10595851 |
NKGSB CO-OPERATIVE
BANK LTD |
01/09/2015 |
27/03/2017 |
20000000.0 |
CASTLE MILL ROAD.
THANE (WEST) BRANCH, SHOP NO.15 AND 16, GROUND FLOOR, VIKAS COMPLEX, THANE - 400601, MAHARASHTRA,
INDIA |
FIXED ASSETS:
- Computer
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Electrical Equipment
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 63.75 |
|
|
1 |
INR 89.39 |
|
Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
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 |
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.