|
|
|
MIRA INFORM REPORT
|
Report No. : |
516227 |
|
Report Date : |
22.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE GLOBALCOM LIMITED |
|
|
|
|
Registered
Office : |
H-Block, 1st, Dhirubhai Ambani Knowledge City, Opposite Koparkhairane
Railway Station, Navi Mumbai – 400710, Maharashtra |
|
Tel. No.: |
91-22-30386218 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
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|
Date of
Incorporation : |
28.03.2000 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2000PLC125366 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.500 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD1606N |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject
is engaged
in the business of providing staffing solutions and other support services to
group companies. [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 : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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|
Litigation : |
Clear |
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|
Comments : |
Subject is wholly owned subsidiary of Reliance Globalcom Limited Bermuda, and was incorporated in the year 2000. It is part of Anil Ambani Group. For the financial year 2016, the company has increased its revenue as compared to previous year and maintained minimal profitability margin of 0.47%. However, rating takes into consideration moderate financial profile of the company marked by modest networth base. Further, the ratings also factors in Reliance Group’s moderate financial profile marked by coupled with huge borrowing and capital expenditure along with highly-competitive business environment and the regulatory risks associated with the telecom sector. Rating constrained on account of increased competition in the Indian telecom sector with the entry of the new operator. Payments are reported to be slow but correct. In
view of the aforesaid, the company can be considered for business dealing
with some caution. |
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
31-03-2018.
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-22-30386218)
91-22-30386286 – NUMBER IS RINGING
LOCATIONS
|
Registered Office : |
H-Block, 1st, Dhirubhai Ambani Knowledge City, Opposite
Koparkhairane Railway Station, Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-30386218 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Rajan Anant Pawaskar |
|
Designation : |
Director |
|
Address : |
A-7, 3rd Floor, Kokan Cooperative Housing Society Limited,
Dilip Gupte Marg, Mahim, Mumbai- 400016, Maharashtra, India |
|
Date of Birth/Age : |
17.10.1964 |
|
Qualification: |
B Com., CA |
|
Date of Appointment : |
24.02.2016 |
|
DIN No.: |
06530082 |
|
|
|
|
Name : |
Mr. Pradeep Kumar Bhat |
|
Designation : |
Director |
|
Address : |
Flat No. 8:1, Plot No. 49/2, Sector 19A, Nerul Navi Mumbai
– 400706, Maharashtra, India |
|
Date of Birth/Age : |
22.07.1962 |
|
Qualification: |
Professional |
|
Date of Appointment : |
25.04.2015 |
|
DIN No.: |
07163932 |
|
|
|
|
Name : |
Mr. Rajesh Burman |
|
Designation : |
Director |
|
Address : |
Flat No. 702, Plot No. 4, Sector 2A M/S R S Regency,
Koparkhairne, Navi Mumbai -400709, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1962 |
|
Qualification: |
ICWA, CFA |
|
Date of Appointment : |
24.02.2016 |
|
DIN No.: |
07448741 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Reliance Globalcom Limited, Bermuda |
|
49994 |
|
Punit Garg Jointlywith Reliance Globalcom Limited, Bermuda |
|
1 |
|
M U Khan Jointlywith Reliance Globalcom Limited, Bermuda |
|
1 |
|
Rajan Pawaskar Jointlywith Reliance Globalcom Limited, Bermuda |
|
1 |
|
Girish Pawaskar Jointlywith Reliance Globalcom Limited, Bermuda |
|
1 |
|
Pradeep Bhat Jointlywith Reliance Globalcom Limited, Bermuda |
|
1 |
|
Rajesh Burman Jointlywith Reliance Globalcom Limited, Bermuda |
|
1 |
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Body corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged
in the business of providing staffing solutions and other support services to
group companies. [Registered
Activity] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
|
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Auditors : |
|
|
Name : |
Priti V. Mehta and Company Chartered Accountants |
|
Address : |
601/602, Surya House 6th Floor, Road No. 7 Shree Golvalkar Guruji Marg Vidyavihar (East), Mumbai -400077, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAGPM3456J |
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|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Holding Company: |
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|
Ultimate Holding
company: |
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Other related
party: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
INR 10/- each |
INR 1.000 Million |
|
400000 |
Preference Shares |
INR 10/- each |
INR 4.000 Million |
|
|
|
|
|
|
|
Total |
|
INR 5.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 10/- each |
INR 0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves &
Surplus |
12.073 |
16.806 |
19.979 |
|
(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) |
12.573 |
17.306 |
20.479 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
174.620 |
239.763 |
169.128 |
|
(c) Other current
liabilities |
23.534 |
196.489 |
143.365 |
|
(d) Short-term provisions |
36.232 |
23.479 |
10.128 |
|
Total Current Liabilities
(4) |
234.386 |
459.731 |
322.621 |
|
|
|
|
|
|
TOTAL |
246.959 |
477.037 |
343.100 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.297 |
0.097 |
0.097 |
|
Total Non-Current Assets |
0.297 |
0.097 |
0.097 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
87.087 |
187.041 |
291.957 |
|
(d) Cash and cash
equivalents |
36.555 |
216.582 |
7.920 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
43.126 |
|
(f) Other current assets |
123.020 |
73.317 |
0.000 |
|
Total Current Assets |
246.662 |
476.940 |
343.003 |
|
|
|
|
|
|
TOTAL |
246.959 |
477.037 |
343.100 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
828.082 |
720.312 |
432.767 |
|
|
Other Income |
0.003 |
0.037 |
0.471 |
|
|
TOTAL |
828.085 |
720.349 |
433.238 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits
expense |
594.150 |
473.473 |
215.370 |
|
|
Other expenses |
227.806 |
242.392 |
214.794 |
|
|
TOTAL |
821.956 |
715.865 |
430.164 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
6.129 |
4.484 |
3.074 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
6.129 |
4.484 |
3.074 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
6.129 |
4.484 |
3.074 |
|
|
|
|
|
|
|
Less |
TAX |
2.200 |
1.750 |
1.287 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.929 |
2.734 |
1.787 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
78.58 |
54.68 |
36.00 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(178.278) |
209.512 |
7.114 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
(180.028) |
208.662 |
5.900 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
38.39 |
94.78 |
246.24 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.51 |
3.85 |
1.48 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.00 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.95 |
0.96 |
0.94 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
18.64 |
26.56 |
15.75 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.47 |
0.38 |
0.41 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.59 |
0.57 |
0.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
31.25 |
15.80 |
8.73 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.05 |
1.04 |
1.06 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.05 |
1.04 |
1.06 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.05 |
0.04 |
0.06 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.05 |
1.04 |
1.06 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
19.979 |
16.806 |
12.073 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
20.479 |
17.306 |
12.573 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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
|
432.767 |
720.312 |
828.082 |
|
|
|
66.443 |
14.962 |
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
|
432.767 |
720.312 |
828.082 |
|
Profit |
1.787 |
2.734 |
3.929 |
|
|
0.41% |
0.38% |
0.47% |
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 |
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 |
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 |
INDEX OF CHARGE: No Charges Exists for Company
GENERAL INFORMATION
Subject is
domiciled and incorporated in India. The Company is a subsidiary of Reliance
Globalcom Limited, Bermuda. The Company is engaged in the business of providing
staffing solutions and other support services to group companies.
FINANCIAL PERFORMANCE
During the year,
the Company has earned income of INR 828.085 Million against INR 720.349
Million in the previous year. The Company has earned profit of INR 3.929
Million for the year as compared to profit INR 2.734 Million in the previous
year.
BUSINESS OPERATIONS
The Company is engaged in the business of providing staffing solutions
and other support services to group companies.
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 68.20 |
|
|
1 |
INR 89.58 |
|
Euro |
1 |
INR 78.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHIT |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
KVT |
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.