|
|
|
MIRA INFORM REPORT
|
Report No. : |
513092 |
|
Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
SRI MANJUNATHA FABRICATION AND MACHINING WORKS |
|
|
|
|
Registered
Office : |
No. 54, SLV Nagar, Zuzuvadi, SIPCOT Post, Hosur, Krishnagiri – 635126,
Tamilnadu |
|
Mobile No.: |
91-9150649568 (Mr. Devaraj) |
|
Website : |
Not Available |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of Establishment
: |
15.05.2006 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 36.829 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable |
|
|
|
|
CST/ TIN No.: |
33393322418 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AGNPM9783H |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
33AGNPM9783H1ZR |
|
|
|
|
Udyog Aadhaar
No.: |
TN11A0012217 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer
and Service Provider of Fabricated Metal Products. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1995 as a partnership firm and later it got converted in to proprietorship concern in May, 2006. It is a manufacturer and service provider of fabricated metal products. As per the financial records of 2017, the concern has achieved 23.31% growth in its revenue as compared to the previous year revenue and has maintained healthy profitability margin of 22.35% during the year under review. The moderate financial profile of the concern is marked by comfortable capital base. However, rating weakness is partially offset by subject’s debt free balance sheet profile. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealings with some caution. Note: Site visit was conducted at the address – “No. 54, SLV Nagar, Zuzuvadi, Sipcot Post, Hosur, Krishnagiri – 635126” and our executive successfully traced the subject. At the premises, our executive met Mr. Devraj (CEO) and he confirmed that the subject us situated on the given address and also provided visiting card. During the site visit, our executive inquired with neighbour companies Hari Industries (Mr. Prabhakar) and R.Kay Fab and Coach Works (Mr. Ramiah) and they confirmed that the subject is situated on the given address. As per our executive’s observation, it is a shed type premises. Location was easy to find and locality appears to be commercial. Area seems to be neutral. Area of premises is approximately 2400 sq. ft. and 10 employees were sighted. Name board of the subject was not sighted. |
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 : |
Mrs. Meenakumari Devaraj |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9150649568 |
|
|
|
|
Name : |
Mr. Devaraj |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9150649568 |
|
Date : |
15.06.2018 |
LOCATIONS
|
Registered Office/ Factory : |
No. 54, SLV Nagar, Zuzuvadi, SIPCOT Post, Hosur, Krishnagiri – 635126,
Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9150649568 (Mr. Devaraj) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
2400 sq. ft. (At site visit) |
|
Locality : |
Commercial (At site visit) |
SOLE PROPRIETOR
|
Name : |
Mrs. Meenakumari Devaraj |
|
Designation : |
Proprietor |
|
Address : |
D N PO 277, Nethajingar, SIPCOT Post, Zuzuvadi, Hosur Industrial Complex, Krishanagiri – 635126, Tamilnadu, India |
|
Date of Birth/Age : |
05.10.1967 |
|
Aadhaar No.: |
6676 1109 7698 |
|
Mobile No.: |
91-9150649568 |
|
E-Mail : |
|
|
PAN No.: |
AGNPM9783H |
KEY EXECUTIVES
|
Name : |
Mr. Devaraj |
|
Designation : |
Chief Executive Officer |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Service Provider of Fabricated Metal Products. |
|
|
|
|
Products : |
Fabricated Metal Products |
|
|
|
|
Agencies Held : |
-- |
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|
|
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Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
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Terms : |
|
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Selling : |
Credit and L/C, Others (RTGS/ NEFT) |
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|
|
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Purchasing : |
Credit and L/C, Others (RTGS/ NEFT) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
10 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Sundaram and Company Chartered Accountants |
|
Address : |
Hosur, Krishnagiri, Tamilndu, India |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
AS ON 31.03.2017
|
PARTICULARS |
Amount (INR In Lacs) |
|
D. Meenakumari |
|
|
Opening Balance |
33.694 |
|
Add: Profit during the year |
6.249 |
|
|
39.943 |
|
Less: Drawings |
(3.114) |
|
Total |
36.829 |
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 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital |
36.829 |
33.694 |
34.767 |
|
|
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 |
36.829 |
33.694 |
34.767 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000
|
0.000
|
0.000
|
|
|
2] Unsecured Loans |
0.000
|
0.000
|
0.000
|
|
|
TOTAL BORROWING |
0.000
|
0.000
|
0.000
|
|
|
DEFERRED TAX LIABILITIES |
0.000
|
0.000
|
0.000
|
|
|
|
|
|
|
|
|
TOTAL |
36.829 |
33.694 |
34.767 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.574 |
0.674 |
0.792 |
|
|
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 |
0.163
|
0.635
|
0.557
|
|
|
Sundry Debtors |
5.916
|
6.676
|
8.040
|
|
|
Cash & Bank Balances |
5.956
|
0.672
|
1.336
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans, Advances and Deposits |
26.179
|
26.214
|
26.227
|
|
Total
Current Assets |
38.214
|
34.197
|
36.160
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.367
|
0.229
|
0.493
|
|
|
Other Current Liabilities and Provisions |
1.592
|
0.948
|
1.692
|
|
Total
Current Liabilities |
1.959
|
1.177
|
2.185
|
|
|
Net Current Assets |
36.255
|
33.020
|
33.975
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000
|
0.000
|
0.000
|
|
|
|
|
|
|
|
|
TOTAL |
36.829 |
33.694 |
34.767 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
27.962 |
22.676 |
28.414 |
|
|
Other Income |
10.604 |
1.748 |
4.703 |
|
|
TOTAL |
38.566 |
24.424 |
33.117 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
12.421 |
6.771 |
8.830 |
|
|
Freight Charges |
0.269 |
0.239 |
0.527 |
|
|
Electricity Charges |
0.496 |
0.438 |
0.616 |
|
|
Wages |
7.386 |
6.326 |
9.863 |
|
|
Labour Charges Paid |
4.697 |
1.279 |
2.966 |
|
|
Audit Fees Payable |
0.060 |
0.060 |
0.060 |
|
|
Accounting Charges Payable |
0.120 |
0.120 |
0.120 |
|
|
Telephone Expenses |
0.196 |
0.137 |
0.165 |
|
|
Travelling Conveyance |
0.770 |
0.694 |
0.763 |
|
|
Factory Rent |
0.600 |
0.600 |
0.480 |
|
|
Vehicle Maintenance |
0.395 |
0.338 |
0.315 |
|
|
Postal and Telegraph |
0.003 |
0.006 |
0.012 |
|
|
Salary to Supervisor |
3.000 |
2.200 |
2.160 |
|
|
Machinery Maintenance |
0.286 |
0.169 |
0.139 |
|
|
Staff Welfare |
0.733 |
0.630 |
0.793 |
|
|
Printing and Stationery |
0.046 |
0.032 |
0.063 |
|
|
Bonus and Exegratia |
0.628 |
0.415 |
0.735 |
|
|
General Expenses |
0.040 |
0.039 |
0.032 |
|
|
TOTAL |
32.146 |
20.493 |
28.639 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, DEPRECIATION AND
AMORTISATION |
6.420 |
3.931 |
4.478 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.071 |
0.060 |
0.051 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION AND AMORTISATION |
6.349 |
3.871 |
4.427 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.100 |
0.118 |
0.139 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) FOR
THE YEAR |
6.249 |
3.753 |
4.288 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
77.22 |
107.46 |
103.28 |
|
|
|
|
|
|
Account Receivables Turnover ( Income / Sundry Debtors) |
4.73 |
3.40 |
3.53 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
10.78 |
12.34 |
20.38 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
39.39 |
6.19 |
8.04 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
11.18 |
5.83 |
5.65 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.05 |
0.03 |
0.06 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.05 |
0.03 |
0.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.02 |
0.02 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
90.42 |
65.52 |
87.80 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales)
* 100] |
% |
22.35 |
16.55 |
15.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
16.11 |
10.76 |
11.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.97 |
11.14 |
12.33 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
19.51 |
29.05 |
16.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
19.42 |
28.51 |
16.29 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.95 |
0.97 |
0.94 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
19.51 |
29.05 |
16.55 |
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 |
|
Proprietor’s Capital |
34.767 |
33.694 |
36.829 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
34.767 |
33.694 |
36.829 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
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 lacs |
INR
In lacs |
INR
In lacs |
|
Sales |
28.414 |
22.676 |
27.962 |
|
|
|
(20.194) |
23.311 |
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
|
28.414 |
22.676 |
27.962 |
|
Profit/(Loss) |
4.288 |
3.753 |
6.249 |
|
|
15.09% |
16.55% |
22.35% |
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 |
No |
|
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 |
FIXED ASSETS:
- Plant and Machinery
- Tools and Equipments
- Furniture and Fittings
- Vehicle
OBSERVATION POINTS
|
Company Name : |
SRI MANJUNATHA FABRICATION AND MACHINING WORKS |
||||||
|
|
|
||||||
|
Address : |
No. 54, SLV Nagar, Zuzuvadi, SIPCOT Post, Hosur, Krishnagiri – 635126,
Tamilnadu, India |
||||||
|
|
|
||||||
|
Contact No.: |
91-9150649568 |
||||||
|
|
|
||||||
|
E-Mail : |
|||||||
|
|
|
||||||
|
Person to whom we met : |
Mr. Devraj |
||||||
|
|
|
||||||
|
Designation : |
Chief Executive Officer |
||||||
|
|
|
||||||
|
Name Board : |
Not Sighted |
||||||
|
|
|
||||||
|
Location : |
Easy |
||||||
|
|
|
||||||
|
Landmark (If any) : |
Sipcot |
||||||
|
|
|
||||||
|
Total floors of the building : |
Shed type premises |
||||||
|
|
|
||||||
|
Locality: |
Commercial |
||||||
|
|
|
||||||
|
Area of premises
: |
2400 sq. ft. |
||||||
|
|
|
||||||
|
Area : |
Neutral |
||||||
|
|
|
||||||
|
Level of
operation : |
Medium |
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|
|
|
||||||
|
Details of
hypothecation signboard (if any) (As Displayed in Factory/ Work) |
NA |
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|
|
|
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|
No. of employees
seen at premises : |
10 |
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|
|
|
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|
Visibility Items
: |
·
Computers ·
Office Equipments |
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|
|
|
||||||
|
Furniture items
sighted : |
Yes |
||||||
|
|
|
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|
Neighbour’s
Interview |
|||||||
|
i.Name of company : |
Hari Industries |
||||||
|
Contact person name : |
Mr. Prabhakar |
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|
|
|
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|
ii.Name of company : |
R.Kay Fab and Coach Works |
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|
Contact person name : |
Mr. Ramiah |
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|
|
|
||||||
|
Neighbour’s Overview : |
Existence confirmed |
||||||
|
|
|
||||||
|
Proof of visit : |
Photographs / Visiting Card |
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|
|
|
||||||
|
Photographs |
Interior / Shop Floor / Stock, etc. |
||||||
|
|
|
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|
Details of the
person conducting visit: |
|
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PICTURES
NEIGHBOURS
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
: |
VAR |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
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.
·