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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

514489

Report Date :

22.06.2018

 

IDENTIFICATION DETAILS

 

Name :

RANA ADVERTISING

 

 

Registered Office :

Plot No.: 36/A-2, Rama Road, Industrial Area, New Delhi – 110015

Tel. No.:

91-11-45095106

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Establishment :

09.04.2005

 

 

Capital Investment / Paid-up Capital :

INR 13.147 Million

 

 

IEC No.:

[Import-Export Code No.]

Not Applicable (As informed by the management that firm does not have export and import)

 

 

GSTN :

[Goods & Service Tax Registration No.]

07AZZPS2622Q1ZA

 

 

PAN No.:

[Permanent Account No.]

AZZPS2622Q

 

 

Legal Form :

Sole Proprietary Concern

 

 

Line of Business :

Manufacturer of signage and also provides branding and advertising services. (Confirmed by management)

 

 

No. of Employees :

Approximately 46 (In Office : 10, In Factory : 21, In Branch : 15)

 

 

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 37600

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a proprietorship concern established in the year 2005.


It is a manufacturer of signage and also provides branding and advertising services.

For the financial year 2017, the company has achieved revenue growth of 65.67% as compared to the previous year along with an average profit margin of 3.26%.


The satisfactory financial profile of the concern is marked by sufficient net worth base along with negligible debt balance sheet profile.


Subject’s customers (S Mobile Devices limited and Orient Bell Limited) has given positive feedback and they are satisfied with subject’s product quality. Suppliers (RM Innovations and Mono Sign System) also provided positive feedback and they are satisfied with subject’s payment behaviour.


Payment seems to be usually correct.


In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions.


Note: Site visit was conducted at the address which you have provided. Our executive has successfully traced the subject on the given address.


At the premises, our executive met Mrs. Sunita Singh (Proprietor) who confirmed subject’s existence on the given address.


Further our executive enquired with neighbour companies (Jindal ITF Limited and Autocraft) who claimed that the subject is situated on the given address.


As per our executive’s observation, it is a 3 storey building and subject is situated on ground floor. Number of employees sighted at the premises were 8. Locality seems to be commercial and area appears to be upmarket.


Location was easy to find and we have sighted subject’s name board.

 

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

(31.12.2017)

Current Rating

(01.04.2018)

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 31-03-2018.

 

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 22.06.2018

 

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.

 

INFORMATION PARTED BY

 

Name :

Mr. Praveen Singh

Designation :

Manager

Contact No.:

91-9310222815

 

 

Name :

Mr. Arun Prakash Rana (General Details)

Designation :

Chief Executive Officer

Contact No.:

91-9999059992

Date :

20.06.2018

 

 

LOCATIONS

 

Registered Office :

Plot No.: 36/A-2, Rama Road, Industrial Area, New Delhi – 110015, India

Tel. No.:

91-11-45095106

Mobile No.:

91-9310222815 (Mr. Praveen Singh)

91-9999059992 (Mr. Arun Prakash Rana)

91-9911171005 (Mr. Mithlesh Rana)

Fax No.:

Not Available

E-Mail :

ranaadversiting@gmail.com

Website :

http://www.ranaadvertising.com (Under Construction)

Area :

2100 sq.ft.

Location :

Owned

Locality :

Commercial

 

 

Factory :

WZ-274, Gali No.5, Sri Nagar Raja Park, New Delhi – 110034, India

Email :

ranaadvertising@gmail.com

Area :

4000 sq.ft.

Location :

Rented 

 

 

Branch Office :

537F/156, Inderpuri Colony, Sherwani Nagar, Sitapur Road, Lucknow – 226022, Uttar Pradesh, India

Email :

ranaadvertising.lucknow@gmail.com

Area :

4800 sq.ft.

Location :

Owned

 

 

SOLE PROPRIETOR

 

Name :

Mrs. Sunita Singh

Designation :

Proprietor

Address :

H. No.4, 2nd Floor, Road No. 66, West Punjabi Bagh, New Delhi – 110026, India

Date of Birth/Age :

02.01.1972

PAN No.:

AZZPS2622Q

 

 

KEY EXECUTIVES

 

Name :

Mr. Praveen Singh

Designation :

Manager

 

 

Name :

Mr. Arun Prakash Rana

Designation :

Chief Executive Officer

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of signage and also provides branding and advertising services. (Confirmed by management)

 

 

Products/ Services :

·         Signage

·         Branding and Advertising Services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Credit (15 Days)

 

 

Purchasing :

Credit (15 Days)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

RM Innovations

Name of the Person :

Mr. Punit Rustogi (Partner)

Contact No.:

91-9811741000

Since How Long Known :

6 Years

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Good

Good

Remark:

They gave us positive response about subject company, they are satisfied with their payment behaviour and market goodwill.

 

Reference :

Mono Sign System

Name of the Person :

Mr. Tarun (Partner)

Contact No.:

91-9311086317

Since How Long Known :

4 Years

Maximum Limit Dealt :

As per requirement

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Good

Good

Remark:

They gave us positive response about subject company, they are satisfied with their payment behaviour and market goodwill.

 

 

Customers :

End Users

 

Reference :

S Mobile Devices Limited

Name of the Person :

Mr. Paras Saxena

Contact No.:

91-9818309869

Since How Long Known :

3 Years

Maximum Limit Dealt :

--

Experience :

Product Quality

Delivery Behaviour

Overall

Good

Good

Good

Remark:

They gave us positive response about subject company, they are satisfied with their product quality and delivery behaviour.

 

Reference :

Orient Bell Limited

Name of the Person :

Mr. Punit Garg (Deputy Manager in Marketing Department)

Contact No.:

91-8373914469

Since How Long Known :

1 Year

Maximum Limit Dealt :

As per requirement

Experience :

Product Quality

Delivery Behaviour

Overall

Good

Good

Good

Remark:

They gave us positive response about subject company, they are satisfied with their product quality and delivery behaviour.

 

 

No. of Employees :

Approximately 46 (In Office : 10, In Factory : 21, In Branch : 15)

 

 

Bankers :

Banker Name :

Axis Bank Limited

Branch :

Deepali Enclave, Ground Floor, 253 Near Saraswati Vihar, Pitampura-outer Ring Road, New Delhi 110034, India

Person Name (With Designation) :

Forex Department (Name Not Divulged)

Contact Number :

91-11-43464425

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

We spoke to one of the executive in forex department who denied to provide any feedback about subject, also he is not disclosing his name.

 

·         HDFC Bank Limited

·         State Bank of India

·         ICICI Bank Limited

 

 

Facilities :

Secured Loan

 

31.03.2017

(INR in Million)

ICICI Bank Car Loan

 

0.116

Kotak Mahindra Bank Prime Limited New Car Loan

 

0.242

Kotak Mahindra Bank Prime Limited Car Loan

 

0.130

Total

 

0.488

 

Auditors :

 

Name :

Surinder Mittal and Company

Chartered Accountants

Address :

Regarpura, Karol Bagh, New Delhi, India

Tel No.:

91-11-25758505

Email :

skmittalca28@gmail.com

Membership No.:

082400

 

 

Collaborators :

Not Available

 

 

Membership :

Not Available

 

 

Sister Concern :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Particular

Amount

(INR In million)

Particular

Amount

(INR In million)

Drawings

0.120

Balance B/f

7.676

Saving Ac

0.268

Complete Comfort Solutions

0.006

TDS Deduction Reed. AY. 2016-17

1.129

Gujraulla Sales Refund

0.214

Self Asseement Tax AY.2016-17

0.003

 

 

Father In Law-Gift

0.207

 

 

School Fee

0.264

 

 

House Tax

0.008

 

 

LIC of India

0.488

 

 

Balance C/F

13.147

Net Profit

7.738

Total

15.634

Total

15.634

 

FINANCIAL DATA

[all figures are INR Million]

 

Note: Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2017

31.03.2016

31.03.2015

EQUITY AND LIABILITIES

 

 

 

1] Proprietors Capital

13.147

7.676

6.887

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

0.000

0.000

0.000

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

13.147

7.676

6.887

LOAN FUNDS

 

 

 

1] Secured Loans

0.488

0.982

1.817

2] Unsecured Loans

0.000

0.000

0.000

TOTAL BORROWING

0.488

0.982

1.817

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

13.635

8.658

8.704

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

28.266

15.703

15.956

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.471

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
0.954
2.964
11.540

 

Sundry Debtors
54.953
37.902
26.171

 

Cash & Bank Balances
13.275
5.798
0.986

 

Other Current Assets
0.000
0.000
0.000

 

Loans & Advances
4.860
10.639
19.406

Total Current Assets
74.042
57.303
58.103

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
84.798
60.971
61.814

 

Other Current Liabilities and Provisions
3.875
3.377
4.012

Total Current Liabilities
88.673
64.348
65.826

Net Current Assets
(14.631)
(7.045)
(7.723)

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

13.635

8.658

8.704

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

237.397

143.292

135.565

 

Other Income

15.272

7.297

14.038

 

TOTAL

252.669

150.589

149.603

 

 

(Due to Increase in Order)

 

Less

EXPENSES

 

 

 

 

Cost of goods sold

200.575

118.609

114.279

 

Audit Fee

0.025

0.021

0.000

 

Arne Charges

0.500

0.171

0.000

 

Bonus Expenses

0.701

0.846

0.978

 

Business Promotion

0.000

0.000

0.362

 

Cartage Freight Expenses

3.872

0.989

6.906

 

CST Additional Tax Earlier Tax

0.006

0.004

0.000

 

Car Insurance

0.104

0.101

0.000

 

Conveyance Expenses

1.061

0.913

0.739

 

Courier and Postage Exp.

0.595

0.564

0.435

 

Diwali Expenses

0.095

0.000

0.000

 

Discount Allowed

0.000

0.000

0.066

 

Electricity Expenses

0.000

0.000

1.890

 

E.P.F. Expenses

0.845

0.748

0.627

 

E.S.I. Expenses

0.188

0.148

0.138

 

Generator Expenses

0.126

0.006

0.404

 

Incentive

0.000

0.000

0.605

 

TDS on Late Fee Penalty

0.001

0.000

0.000

 

Miscellaneous Expenses

0.109

0.006

0.022

 

Professional Fee

0.293

0.338

0.078

 

Printing and Stationery

0.299

0.070

0.350

 

Short and Excess

0.059

0.000

0.000

 

Refreshment and Staffwelfare expo

0.525

0.442

0.483

 

Rent Expenses

1.200

1.190

1.058

 

Repair and Maintenance

1.232

1.265

0.593

 

Salary

15.562

8.409

7.827

 

Security Expenses

0.008

0.000

0.077

 

Swatch Bharat Cess Expenses

0.011

0.000

0.000

 

Transportation Expenses

7.364

2.542

0.000

 

Travelling Expenses

1.636

0.396

0.634

 

Bad Debtors

0.098

0.000

0.830

 

Telephone Expenses

0.662

0.555

0.430

 

Vehicle Expenses

0.273

0.053

0.743

 

Insurance Expenses

0.000

0.002

0.083

 

Packing Expenses

0.000

0.020

0.000

 

Processing Fee

0.000

0.007

0.000

 

Rebate and Discount

0.000

0.153

0.006

 

Service tax penalty

0.000

0.058

0.000

 

TDS additional Tax Earlier Tax

0.000

0.011

0.000

 

VAT additional Tax Earlier Tax

0.000

0.034

0.000

 

Auditors Remunerations

0.000

0.000

0.035

 

Jobwork Expenses

0.000

0.000

0.744

 

Jobwork Material

0.000

0.000

0.973

 

Consumables

0.000

0.000

0.006

 

Direct Expenses

3.766

4.677

0.000

 

TOTAL

241.791

143.348

142.401

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

10.878

7.241

7.202

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.219

0.599

0.346

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

10.659

6.642

6.856

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.921

2.571

2.521

 

 

 

 

 

 

NET PROFIT/ (LOSS) 

7.738

4.071

4.335

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

84.49

96.55

70.46

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

4.32

3.78

5.18

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

154.31

187.63

197.43

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

11.40

2.44

0.62

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.38

0.46

0.45

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.87

0.89

0.91

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.04

0.13

0.26

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

6.74

8.38

9.56

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

2.15

2.05

2.32

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

49.67

12.09

20.82

 

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

 ((PAT / Sales) * 100)

%

3.26

2.84

3.20

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

7.56

5.58

5.82

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

58.86

53.04

62.94

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

0.84

0.89

0.89

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.82

0.84

0.71

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.13

0.11

0.09

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.04

0.13

0.26

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

0.84

0.89

0.89

 

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

Proprietors Capital

6.887

7.676

13.147

Reserves & Surplus

0.000

0.000

0.000

Net worth

6.887

7.676

13.147

 

 

 

 

Secured Loans

1.817

0.982

0.488

Unsecured Loans

0.000

0.000

0.000

Total borrowings

1.817

0.982

0.488

Debt/Equity ratio

0.264

0.128

0.037

 

 

 

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

135.565

143.292

237.397

 

 

5.700

65.674

 

 

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

135.565

143.292

237.397

Profit

4.335

4.071

7.738

 

3.20%

2.84%

3.26%

 

 

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

No

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

Yes

19

Major customers

Yes

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

No

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

Yes

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

No

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

OBSERVATION POINTS

 

Name of Company :

RANA ADVERTISING

 

 

Address :

Plot No. 36/A-2, Rama Road Industrial Area, New Delhi-110015, India

 

 

Mobile No.:

91-9999059992

 

 

Person to whom we met:

Mrs. Sunita Singh

 

 

Designation :

Proprietor

 

 

Name Board :

Sighted

 

 

Location:

Easy

 

 

Landmark (If Any):

Durga Automobile

 

 

Total Floors of the building:

3

 

 

Subject situated at :

Ground Floor

 

 

Locality:

Commercial

 

 

Area :

Upmarket

 

 

No. of Employees seen at Premises :

8 (Approximately)

 

 

Visibility of Items:

·         Telephone

·         Computers

·         Air Conditioner

·         Office Equipment

 

 

Furniture Items Sighted :

Yes

 

 

Neighbour Interview :

Name of Company : Jindal ITF Limited

Contact Person Name : Mr. Kapil

 

Name of Company : Autocraft

Contact Person Name : Mr. Sajid

Neighbour Overview : Existence confirmed

 

 

Proof of visit:

Photographs

 

 

FIXED ASSETS

 

 

CMT 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 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 68.08

UK Pound

1

INR 89.59

Euro

1

INR 78.83

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

PRI

 

 

Report Prepared by :

JYTK

 

 

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)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.