|
|
|
MIRA INFORM REPORT
|
Report No. : |
511349 |
|
Report Date : |
01.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
ARTISAN FURNISHINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Madhu Mansion, 4th Floor, 325, Kalbadevi Road, Mumbai-400002, Maharashtra |
|
Tel. No. (Delhi Office): |
91-11-41749046, 41005869, 41028554 |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
05.11.2003 |
|
|
|
|
Com. Reg. No.: |
11-143007 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119MH2003PTC143007 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAECA4661N |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers, Importers, Exporters, Buyers, Sellers, Retailers of and
dealers in all kind of textiles and fabrics. (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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 21000 |
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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 an established company incorporated in the year 2003 having
satisfactory track. Management of the company has not filed its financials with the
government department for the year 2017. As per available financials of 2016, the company has witnessed a
growth in its revenue fair profit margin at 5.32% (approx.) The company possesses an acceptable financial profile marked by
satisfactory net worth base along with low debt level of the company. The company also derives strength from its long standing track record
of business operation Trade relations are reported as fair. Business is active. Payment
terms are seems to slow but correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
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 (30.09.2017) |
Current Rating (31.12.2017) |
|
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 |
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
31-03-2018.
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 01.06.2018
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 : |
Madhu Mansion, 4th Floor, 325, Kalbadevi Road, Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
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|
|
|
Head Office : |
B-505, Prathmesh Building, Raghuvanshi Mills Compound, Senapati Bapat Marg, Lower Parel West, Mumbai-400013, Maharashtra, India |
|
Tel. No.: |
91-22-24913070 |
|
Fax No.: |
91-22-24913085 |
|
|
|
|
Corporate Office
: |
C – 143, Lajpat Nagar 1, New Delhi – 110024, India |
|
Tel. No.: |
91-11-41749046, 41005869, 41028554 |
DIRECTORS
As on 31.03.2016
|
Name : |
Mr. Mohit Arya |
||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||
|
Address : |
D-195, Defence Colony II, New Delhi-110024, India |
||||||||||||||||
|
Date of Appointment : |
12.12.2014 |
||||||||||||||||
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DIN No.: |
00021179 |
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Other Directorship:
|
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|
||||||||||||||||
|
Name : |
Mrs. Priyanka Arya |
||||||||||||||||
|
Designation : |
Director |
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|
Address : |
D-195, Second Floor, Defence Colony, Lajpat Nagar, S.O, South Delhi, New Delhi-110024, India |
||||||||||||||||
|
Date of Appointment : |
19.06.2014 |
||||||||||||||||
|
DIN No.: |
00649361 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2016
|
Names of Shareholders |
No. of Shares |
% Age of Holding |
|
Mohit Arya and Priyanka Arya |
5000 |
50.00 |
|
Mohit Arya |
5000 |
50.00 |
|
|
|
|
|
Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, Importers, Exporters, Buyers, Sellers, Retailers of and
dealers in all kind of textiles and fabrics. (Registered Activity). |
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Products : |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
D. K. Sheth And Associates Chartered Accountants |
|
Address : |
Selcom Business Services, ‘A’ Block, Basement Shivsagar Estste, Worli,
Mumbai- 400018, Maharashtra, India |
|
Tel. No.: |
91-22-24938608 |
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Fax No.: |
91-22-24933551 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALPS6999M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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Associates/Subsidiaries : |
Not Available |
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Other Related Parties : |
|
CAPITAL STRUCTURE
As on 31.03.2016
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 |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
7.330 |
5.960 |
5.283 |
|
(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) |
7.430 |
6.060 |
5.383 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.094 |
|
(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) |
0.000 |
0.000 |
0.094 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.699 |
5.108 |
2.611 |
|
(b) Trade payables |
0.902 |
1.231 |
2.189 |
|
(c) Other current liabilities |
1.312 |
4.056 |
0.100 |
|
(d) Short-term provisions |
1.496 |
1.545 |
3.999 |
|
Total
Current Liabilities (4) |
9.409 |
11.940 |
8.899 |
|
|
|
|
|
|
TOTAL |
16.839 |
18.000 |
14.376 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.472 |
1.193 |
1.441 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.417 |
1.530 |
1.420 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
(f) Investment |
0.500 |
0.500 |
3.109 |
|
Total
Non-Current Assets |
3.389 |
3.223 |
5.970 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.144 |
3.685 |
1.342 |
|
(c) Trade receivables |
4.335 |
3.397 |
3.518 |
|
(d) Cash and cash equivalents |
4.971 |
2.084 |
3.344 |
|
(e) Short-term loans and
advances |
0.000 |
5.611 |
0.202 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
13.450 |
14.777 |
8.406 |
|
|
|
|
|
|
TOTAL |
16.839 |
18.000 |
14.376 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
36.602 |
22.820 |
37.799 |
|
|
Other Income |
2.279 |
0.688 |
|
|
|
TOTAL
|
38.881 |
23.508 |
37.799 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
24.861 |
16.987 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.459) |
(2.343) |
|
|
|
Employees benefits expense |
3.779 |
3.055 |
|
|
|
Other expenses |
7.228 |
4.372 |
|
|
|
TOTAL |
35.409 |
22.071 |
37.294 |
|
|
|
|
|
(Including finance |
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
3.472 |
1.437 |
and
depreciation expenses) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.341 |
0.115 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.131 |
1.322 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.207 |
0.288 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.924 |
1.034 |
0.505 |
|
|
|
|
|
|
|
Less |
TAX |
0.974 |
0.358 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
1.950 |
0.676 |
0.368 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
195.03 |
67.65 |
36.80 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
43.23 |
54.33 |
33.97 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.44 |
6.72 |
10.74 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
13.24 |
26.45 |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.84 |
0.39 |
NA |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
7.36 |
1.20 |
NA |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.56 |
0.66 |
0.63 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.77 |
0.84 |
0.50 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.27 |
1.97 |
1.65 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.06 |
0.20 |
0.27 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
10.18 |
12.50 |
NA |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
((PAT / Sales) * 100) |
% |
5.33 |
2.96 |
0.97 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
11.58 |
3.76 |
2.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
26.24 |
11.16 |
6.84 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.43 |
1.24 |
0.94 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.99 |
0.93 |
0.79 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.44 |
0.34 |
0.37 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
56.99 |
51.08 |
27.05 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.43 |
1.24 |
0.94 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
5.283 |
5.960 |
7.330 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5.383 |
6.060 |
7.430 |
|
|
|
|
|
|
Long Term borrowings |
0.094 |
0.000 |
0.000 |
|
Short Term borrowings |
2.611 |
5.108 |
5.699 |
|
Total
borrowings |
2.705 |
5.108 |
5.699 |
|
Debt/Equity
ratio |
0.503 |
0.843 |
0.767 |
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 |
|
Total Income |
37.799 |
23.508 |
38.881 |
|
|
|
(37.808) |
65.395 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
37.799 |
23.508 |
38.881 |
|
Profit |
0.368 |
0.676 |
1.950 |
|
|
0.97% |
2.88% |
5.02% |
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 |
No |
|
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 |
No |
|
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 |
No |
|
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 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Particulars |
31.05.2016 (INR
in Million) |
31.05.2015 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
|
0.000 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loans and Advances from Related Parties |
2.925 |
0.139 |
|
Deposits |
0.000 |
4.969 |
|
Other Loans and Advances |
2.774 |
0.000 |
|
Total |
5.699 |
5.108 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Lenova Laptop
- Computer
- Computer Software
- Air Conditioner
- Furniture
- Motor Car
- Air Compressor
- Bar Code Labour Printer
- CCTV Camera (Back Office)
- CCTV Camera (Show Room)
- Counting Machine
- Digital Platform
- Electrical Platform
- EPABX System
- Fax Machine
- Laser Scanner
- Mobile Phone
- Office 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 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 66.83 |
|
UK Pound |
1 |
INR 93.17 |
|
Euro |
1 |
INR 81.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PRN |
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 |
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.