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|
MIRA INFORM REPORT
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Report No. : |
488829 |
|
Report Date : |
31.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
UNIFIED COLLABORATION SERVICES LLP |
|
|
|
|
Registered
Office : |
Office No. L 206 and L 208, 2nd Floor, Tower No. 6, Vashi Railway Station, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra |
|
Mobile No.: |
91-9324350403 (Mr. Akshay) 91-9322401482 (Mr. Milind Laxmikant Akolkar) |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
07.08.2014 |
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|
|
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LLPIN No: |
AAC-5562 |
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|
|
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Total
Obligation of Contribution: |
INR 5.000 Million |
|
|
|
|
IEC No.: |
Not Divulged |
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|
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TIN No: |
Not Available |
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GSTIN: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAEFU0278J |
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Legal Form : |
Limited Liability Partnership |
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Line of Business
: |
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No. of Employees
: |
05 (Approximately) (As per site visit) |
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 |
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Maximum Credit Limit : |
USD 63000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a limited liability partnership concern established in the year 2014. It is engaged in providing services of Audio/ Video and Web Conferencing services. Mr. Milind Akolkar (Partner) has denied to provide any information about the subject to us. For the financial year 2017, the concern has achieved 29.95% growth in its revenue as compared to previous year revenue and has maintained fair profitability margin of 6.40% during the year under review. Rating takes into consideration the satisfactory financial profile of the concern marked by comfortable capital base along with negligible debt level. Payments seems to be slow but correct. In view of aforesaid, the subject can be considered for business dealings at usual trade terms and conditions. Note: Site Visit was conducted at the given address and our executive has successfully traced the subject on the given address. At the premises our executive met Mr. Akshay (Accountant) and he provided contact details. As per our executive’s observation, it is a 6 storey building and subject situated on the 3rd floor. Location was easy to find and locality appears to be commercial. Area seems to be upmarket. Total area of premises is 450 (sq. ft.) and 05 employee were sighted at the premises. Name board of the subject was sighted at the given address. |
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 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 BY
|
Name : |
Mr. Milind Laxmikant Akolkar |
|
Designation : |
Designated Partner |
|
Contact No.: |
91-9322401482 |
|
Date : |
29.01.2018 |
|
Name : |
Mr. Akshay |
|
Designation : |
Accountant |
|
Contact No.: |
91-9324350403 |
|
Date : |
29.01.2018 |
LOCATIONS
|
Registered/ Corporate Office : |
Office No. L 206 and L 208, 2nd Floor, Tower No. 6, Vashi Railway Station, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9324350403 (Mr. Akshay) 91-9322401482 (Mr. Milind Laxmikant Akolkar) |
|
Fax No.: |
Not Available |
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E-Mail : |
|
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Area: |
450 Sq. Ft. (As per site visit) |
|
Locality: |
Commercial (As per site visit) |
PARTNERS
As on: 31.03.2017
|
Name : |
Mr. Darayus Rustam Mehta |
|
Designation : |
Designated Partner |
|
Address : |
Room No 5, Ali Building, 2nd floor Wadia Street, Tardeo, Mumbai-400034, Maharashtra, India |
|
Date of Appointment : |
07.08.2014 |
|
DPIN No.: |
06435788 |
|
|
|
|
Name : |
Mr. Milind Laxmikant Akolkar |
|
Designation : |
Designated Partner |
|
Address : |
2/22, Khandke Building, N C Kelkar Road, Dadar - West Mumbai-400028, Maharashtra, India |
|
Date of Birth: |
18.11.1966 |
|
Date of Appointment : |
07.08.2014 |
|
DPIN No.: |
06435795 |
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|
|
|
Name : |
Mr. Suresh Meenakshisundaram |
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Designation : |
Partner |
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Address : |
Mahavir Darpan, Plot No.66,67, Sector-27, Near Presentation Convent, Nerul, Navi Mumbai – 400706, Maharashtra, India |
|
Date of Appointment : |
15.05.2015 |
|
Date of Birth: |
20.01.1969 |
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PAN No.: |
AUCPS1169E |
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Aadhaar No: |
757578709293 |
|
|
|
|
Name : |
Mr. Vipin Kumar Khanna |
|
Designation : |
Partner |
|
Address : |
38, Ramappa Nagar, Perungudi Kancheepuram, Chennai – 600096, Tamilnadu, India |
|
Date of Appointment : |
15.05.2015 |
|
PAN No.: |
AABPK2637A |
KEY EXECUTIVES
|
Name : |
Mr. Akshay |
|
Designation : |
Accountant |
CONTRIBUTION DETAILS
As on: 31.03.2017
|
Names of Person |
Obligation
of Contribution (INR In Million) |
|
Suresh Meenakshisundaram |
0.250 |
|
Vipin Kumar Khanna |
0.250 |
|
Milind Laxmikant Akolkar |
0.450 |
|
Darayus Rustam Mehta |
4.050 |
|
Total |
5.000 |
BUSINESS DETAILS
|
Line of Business
: |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
05 (Approximately) (As per site visit) |
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Bankers : |
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Auditors : |
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|
Name : |
Vijay Suresh Gorivale Chartered Accountant |
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Address : |
2, Gurukrupa Chawl, Dahisar (East), Mumbai – 400068, Maharashtra,
India |
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PAN: |
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Membership No: |
152778 |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on: 31.03.2017
Total Obligation of
Contribution: INR 5.000 Million
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
07.08.2014 to 31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Contribution
Received |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.941 |
10.344 |
5.745 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
21.941 |
15.344 |
10.745 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
1.232 |
0.147 |
|
|
3] Short term borrowing |
7.600 |
5.175 |
0.000 |
|
|
TOTAL LOANS |
29.541 |
21.751 |
10.892 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
|
TOTAL |
29.541 |
21.751 |
10.892 |
|
|
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|
|
|
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APPLICATION OF FUNDS |
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|
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|
|
|
|
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|
FIXED ASSETS [Net Block] |
10.065 |
3.575 |
1.457 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
13.098 |
15.021 |
11.243 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.263 |
0.000 |
0.000 |
|
|
Sundry Debtors |
12.158 |
13.111 |
14.920 |
|
|
Cash & Bank Balances |
0.186 |
0.220 |
0.028 |
|
|
Loan and Advances |
0.000 |
0.000 |
1.118 |
|
|
Other current Assets |
7.194 |
4.088 |
0.000 |
|
Total
Current Assets |
19.801 |
17.419 |
16.066 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.452 |
0.627 |
0.000 |
|
|
Current Liabilities |
0.141 |
3.707 |
14.534 |
|
|
Provision |
7.830 |
9.930 |
3.340 |
|
Total
Current Liabilities |
13.423 |
14.264 |
17.874 |
|
|
Net Current Assets |
6.378 |
3.155 |
(1.808) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
29.541 |
21.751 |
10.892 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
07.08.2014 to 31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
89.277 |
68.699 |
23.246 |
|
|
Other Income |
0.669 |
0.000 |
0.000 |
|
|
TOTAL |
89.946 |
68.699 |
23.246 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
34.825 |
0.000 |
|
|
Purchases of Stock-in-Trade |
1.438 |
0.000 |
0.000 |
|
|
Power and Fuel |
0.028 |
0.000 |
0.000 |
|
|
Administrative expenses |
1.619 |
2.200 |
19.950 |
|
|
Payment to auditors |
0.100 |
0.000 |
0.000 |
|
|
Selling expenses |
3.617 |
1.520 |
0.000 |
|
|
Insurance expenses |
0.000 |
0.013 |
0.000 |
|
|
Other expenses |
75.762 |
14.888 |
0.000 |
|
|
TOTAL |
82.564 |
53.446 |
19.950 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
7.382 |
15.253 |
3.296 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.364 |
0.330 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
7.018 |
14.923 |
3.296 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.308 |
0.785 |
0.239 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
5.710 |
14.138 |
3.057 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
5.710 |
14.138 |
3.057 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
07.08.2014 to 31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
07.08.2014 to 31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
49.71 |
69.66 |
234.27 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.34 |
5.24 |
1.56 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
1383.85 |
6.57 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
28.07 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.73 |
4.27 |
2.26 |
LEVERAGE RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
07.08.2014 to 31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.49 |
0.57 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.35 |
0.42 |
0.01 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.96 |
1.27 |
1.66 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.46 |
0.23 |
0.14 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
20.28 |
46.22 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
07.08.2014 to 31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
6.40 |
20.58 |
13.15 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
13.29 |
39.26 |
10.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
26.02 |
92.14 |
28.45 |
SOLVENCY RATIOS
|
PARTICULARS |
01.04.2016 to 31.03.2017 |
01.04.2015 to 31.03.2016 |
07.08.2014 to 31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.94 |
0.90 |
0.90 |
|
|
|
|
|
|
Quick Ratio ((Current Assets –
Inventories) / Current Liabilities) |
0.93 |
0.90 |
0.90 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.51 |
0.43 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.52 |
1.28 |
0.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.94 |
0.90 |
0.90 |
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 |
|
Contribution Received |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
5.745 |
10.344 |
16.941 |
|
Net worth |
10.745 |
15.344 |
21.941 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
0.147 |
1.232 |
0.000 |
|
Short term borrowings |
0.000 |
5.175 |
7.600 |
|
Total borrowings |
0.147 |
6.407 |
7.600 |
|
Debt/Equity ratio |
0.014 |
0.418 |
0.346 |
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 |
23.246 |
68.699 |
89.277 |
|
|
|
195.530 |
29.954 |
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 |
23.246 |
68.699 |
89.277 |
|
Profit |
3.057 |
14.138 |
5.710 |
|
|
13.15% |
20.58% |
6.40% |
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 |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
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 two year and
Eight Months. |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two year and Eight
Months. |
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 |
|
OBSERVATION POINTS |
|
Name of Company : |
UNIFIED COLLABORATION SERVICES LLP |
|
|
|
|
Address : |
Office No. L 206 and L 208, 2nd Floor, Tower No. 6, Vashi Railway Station, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India |
|
|
|
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Mobile No.: |
91-9324350403 |
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Person to whom we met: |
Mr. Akshay Designation : Accountant
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Name Board : |
Sighted |
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Location: |
Easy |
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Total Floors of the building: |
6 Floor |
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Subject situated on: |
3rd Floors |
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Locality: |
Commercial |
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Area of premises : |
450 Sq. Ft. |
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Area : |
Upmarket |
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No. of employees seen at premises: |
05 (Approximately) |
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Proof of visit: |
Photograph |
INDEX OF CAHREGS: NO
CHARGES EXISTS FOR COMPANY
REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 63.75 |
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UK Pound |
1 |
INR 89.39 |
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Euro |
1 |
INR 78.75 |
INFORMATION DETAILS
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Information Gathered
by : |
KMN |
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Analysis Done by
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VRS |
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Report Prepared
by : |
MTN |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on secured
terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.