|
|
|
MIRA INFORM REPORT
|
Report No. : |
513093 |
|
Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
S G FABRICATORS |
|
|
|
|
Registered
Office : |
Plot No. 30/1, Techno Industrial Park, Rajeshwari Layout, Anumpalli, Zuzuvadi, Hosur, Krishnagiri – 635126, Tamilnadu |
|
Mobile No.: |
91-9894974897 (Mr. Sugumar Chinnaanji) |
|
Website : |
Not Available |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
14.11.2009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 16.053 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABQFS5384Q |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
33ABQFS5384Q1Z5 |
|
|
|
|
Shop &
Establishment Certificate No. |
-- |
|
|
|
|
EM Part I : |
330311102805 |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer of Water Treatment Plant and Components like Filters, Softners, WTP, STP etc. |
|
|
|
|
No. of Employees
: |
13 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2009 as a partnership firm and it is having satisfactory track records. It is engaged as manufacturer of water treatment plant and components like filters, softeners, WTP, STP, etc. For the financial year 2017, the firm has marginally decreased in its revenue from operation as compared to previous year and maintained average profitability margin of 2.06%. Rating takes into consideration firm’s sound financial risk profile marked by adequate capital base and low debt balance sheet. The firm also derives strength from its long standing track records of business operations. Trade relations are reported as fair. Business is active. Payment terms are seems to be usually correct. In view of aforesaid, the firm 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 firm on the given address. At the premises our executive met to Mr. Sugumar (Partner) of the firm. As per our executive observation, location of the firm is easy to find. Landmark was near Numan Industrial. It is seems to be factory type premises. Locality appears to be industrial. Area seems to be neutral. Area of the premises was 6000 (SQ.FT. approximately) and 13 employees were sighted into premises. Name board of the firm was sighted at the given address. Further, our executive also enquired from neighboring entity i.e. (Novatek) and (Planodrives) and they were also confirmed that firm exists on 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 (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
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 23.06.2018
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. Sugumar Chinnaanji |
|
Designation : |
Partner |
|
Contact No.: |
91-9894974897 |
|
Date : |
20.06.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 30/1, Techno Industrial Park, Rajeshwari Layout, Anumpalli, Zuzuvadi, Hosur, Krishnagiri – 635126, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9894974897 (Mr. Sugumar Chinnaanji) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
Not Available |
|
Area : |
6000 sq.ft. (As per site visit) |
|
Locality : |
Industrial (As per site visit) |
PARTNERS
|
Name : |
Mr. Sugumar Chinnaanji |
|
Designation : |
Partner |
|
Address : |
No. 22, Arugal Masthri
Street Edaiyampatti, Thirupathur, Jolarpet, Jolarpettai, Tirupathur, Vellore-
635851, Tamilnadu, India |
|
Date of Birth/Age : |
30.05.1981 |
|
Aadhar No.: |
9411 1053 3866 |
|
PAN No.: |
CNBPS2076Q |
|
Mobile No.: |
91-9894974897 |
|
|
|
|
Name : |
Mr. C. Ramanjula Reddy |
|
Designation : |
Partner |
|
Address : |
0, Khatla Ganti Vari Palli, Kallurupalle, Kalluripalli, Cuddapah - 516259, Andhra Pradesh, India |
|
Date of Birth/Age : |
11.05.1980 |
|
Aadhar No.: |
2880 2482 8979 |
|
PAN No.: |
ATJPR3714N |
|
Mobile No.: |
91-9791232989 |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Water Treatment Plant and Components like Filters, Softners, WTP, STP etc. |
|
|
|
|
Products : |
· Filters · Softners · WTP ·
STP |
|
|
|
|
Agencies Held : |
-- |
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|
|
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Terms : |
|
|
Selling : |
L/C, Credit (30 to 80 Days) |
|
|
|
|
Purchasing : |
L/C, Credit (30 to 80 Days) |
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||||||||||||
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Customers : |
Manufacturer, Wholesalers, End Users and Trading Firm
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No. of Employees : |
13 (Approximately) |
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Bankers : |
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Facilities : |
|
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Auditors : |
|
|
Name : |
S. Arrunachalam Chartered Accountant |
|
Address : |
# 102, 1st Floor, RAC Complex, Opposite Venkateshwara
Theatre, Hosur – 635109, Tamilnadu, India |
|
Membership No.: |
203175 |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
As on 31.03.2017
|
Particulars |
[INR in Lacs] |
|
Capital |
15.230 |
|
Add : Net Profit |
2.026 |
|
|
17.256 |
|
Less : Drawings |
1.203 |
|
Total |
16.053 |
FINANCIAL DATA
[all figures are
INR Lacs]
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] Partners’ Capital |
16.053 |
15.230 |
14.903 |
|
|
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 |
16.053 |
15.230 |
14.903 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
6.711 |
9.755 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
6.711 |
9.755 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.764 |
24.985 |
14.903 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.568 |
13.610 |
9.148 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
12.045 |
12.040 |
3.326 |
|
|
Cash & Bank Balances |
2.609 |
0.466 |
3.224 |
|
|
Other Current Assets |
0.131 |
0.024 |
0.016 |
|
|
Loans, Advances & Deposits |
1.000 |
0.750 |
0.750 |
|
Total Current Assets |
15.785 |
13.280 |
7.316 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.424 |
1.658 |
1.531 |
|
|
Other Current Liabilities and Provisions |
0.165 |
0.247 |
0.030 |
|
Total Current Liabilities |
4.589 |
1.905 |
1.561 |
|
|
Net Current
Assets |
11.196 |
11.375 |
5.755 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
22.764 |
24.985 |
14.903 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
98.115 |
102.563 |
94.567 |
|
|
Other Income |
6.560 |
1.197 |
0.600 |
|
|
TOTAL
|
104.675 |
103.760 |
95.167 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Consumption of Raw Material
and Consumables |
46.137 |
58.442 |
29.861 |
|
|
Purchases |
0.000 |
0.000 |
31.317 |
|
|
Loading and Freight Charges |
1.059 |
0.866 |
0.672 |
|
|
Transportation |
0.203 |
0.163 |
0.123 |
|
|
Staff Salary |
28.024 |
20.551 |
17.334 |
|
|
Shed Rent |
1.500 |
1.500 |
1.500 |
|
|
Labour Charges |
8.219 |
5.265 |
4.834 |
|
|
Electricity Charges |
1.027 |
0.758 |
0.813 |
|
|
Rates and Taxes |
1.788 |
1.626 |
1.013 |
|
|
Telephone Expenses |
0.474 |
0.474 |
0.474 |
|
|
Travelling and Conveyance |
0.846 |
0.365 |
0.068 |
|
|
Staff Welfare |
1.688 |
1.206 |
0.625 |
|
|
Printing and Stationery |
0.427 |
0.346 |
0.281 |
|
|
Repairs and Maintenance |
3.054 |
2.741 |
1.620 |
|
|
Repairs and
Maintenance-Building |
2.743 |
2.286 |
0.873 |
|
|
Medicals Expenses |
0.426 |
0.426 |
0.372 |
|
|
Office Expenses |
0.363 |
0.302 |
0.152 |
|
|
Pooja Expenses |
0.851 |
0.687 |
0.381 |
|
|
Courier Charges |
0.063 |
0.045 |
0.020 |
|
|
Water Charges |
0.756 |
0.557 |
0.391 |
|
|
TOTAL |
99.648 |
98.606 |
92.724 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
5.027 |
5.154 |
2.443 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.960 |
0.967 |
0.009 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.067 |
4.187 |
2.434 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.041 |
2.402 |
1.008 |
|
|
|
|
|
|
|
|
NET
PROFIT/ (LOSS) |
2.026 |
1.785 |
1.426 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
44.81 |
42.85 |
12.84 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
8.15 |
8.52 |
28.43 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
35.00 |
10.36 |
9.13 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.43 |
0.38 |
0.27 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.41 |
0.43 |
0.09 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.42 |
0.64 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.29 |
0.13 |
0.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.72 |
0.89 |
0.61 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.24 |
5.33 |
271.44 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
2.06 |
1.74 |
1.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.41 |
6.64 |
8.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.62 |
11.72 |
9.57 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
3.44 |
6.97 |
4.69 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
3.44 |
6.97 |
4.69 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.59 |
0.57 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.42 |
0.64 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
3.44 |
6.97 |
4.69 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Partners’ Capital |
14.903 |
15.230 |
16.053 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
14.903 |
15.230 |
16.053 |
|
|
|
|
|
|
Secured Loans |
0.000 |
9.755 |
6.711 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
9.755 |
6.711 |
|
Debt/Equity
ratio |
0.000 |
0.641 |
0.418 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
94.567 |
102.563 |
98.115 |
|
|
|
8.455 |
(4.337) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Lacs |
INR
In Lacs |
INR
In Lacs |
|
Sales |
94.567 |
102.563 |
98.115 |
|
Profit/ (Loss) |
1.426 |
1.785 |
2.026 |
|
|
1.51% |
1.74% |
2.06% |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
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 : |
S G FABRICATORS |
|
|
|
|
Address : |
Plot No. 30/1, Techno Industrial Park, Rajeshwari Layout, Anumpalli, Zuzuvadi, Hosur, Krishnagiri – 635126, Tamilnadu, India |
|
|
|
|
Mobile No.: |
91-9894974897 |
|
|
|
|
Email : |
|
|
|
|
|
Person to whom we met: |
Mr. Sugumar Chinnaanji |
|
|
|
|
Designation : |
Partner |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Numan Industrial |
|
|
|
|
Total Floors of the building: |
Factory Type Premises |
|
|
|
|
Locality: |
Industrial |
|
|
|
|
Area of premises : |
6000 (SQ.FT. approximately) |
|
|
|
|
Area : |
Neutral |
|
|
|
|
Level of
operation : |
High |
|
|
|
|
Details of hypothecation signboard (If Any) (As displayed in factory /
work) : |
-- |
|
|
|
|
No. of employees seen at premises: |
13 |
|
|
|
|
Furniture items
sighted : |
Table, Chairs |
|
|
|
|
Neighbour’s
interview : |
Name of Company : Novatek Contact Person Name: Mr. Parthiban N. Name of Company : Planodrives Contact Person Name : Mr. Nirmal Kumar Neighbours Overview
: Existence Confirmed |
|
|
|
|
Proof of visit: |
Photographs Photographs: Exterior with name board / Shop Floor / Stock etc. |
|
|
|
|
Details of the person conducting visit: |
Name : Mr. Izrar Ahmed Designation : Field Executive Contact No.: 91-9620767976 |
PICTURES
NEIGHBOURS
FIXED ASSETS:
· Drilling Machine
· Grinding Machine
· Rolling Machine
· Welding Machine
· Car
· New Car II
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 (as on 23.06.2018
(date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
Analysis Done by
: |
PRT |
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·