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|
MIRA INFORM REPORT
|
Report No. : |
516642 |
|
Report Date : |
23.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
TURAKHIA INTERNATIONAL PRIVATE LIMITED (w.e.f. 17.10.2011) |
|
|
|
|
Formerly Known
As : |
MEGHA
POLYMERS PRIVATE LIMITED |
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Registered
Office : |
414, 4th Floor, Vyapar Bhavan, 49, P. D’Mello Road, Carnac Bunder, Mumbai – 400009, Maharashtra |
|
Tel. No.: |
91-22-66194444 / 23482483 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of Incorporation
: |
26.08.1991 |
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Com. Reg. No.: |
11-173982 |
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Capital
Investment / Paid-up Capital : |
INR 28.211 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U51909MH1991PTC173982 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCM0854B |
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GSTIN : |
27AACCM0854B1ZW |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Company is engaged in Wholesale Trader of Iron and Steel. (Registered activity) |
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No. of Employees
: |
28 (Approximately) |
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+ |
Low Risk |
Business dealings permissible with low
risk of default |
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Status : |
Good |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1991 and it is a wholesale
trader of
iron and steel products. As per financials of March 2017, the company has registered marginal
growth in its revenue and has reported good profit margin of 7.87%. Rating takes into consideration the company’s established track record
of business operations marked by healthy net worth base along with zero debt
balance sheet and good liquidity position. Further, the company has reported a good earnings per share of INR
104.49 against its face value of INR 10. However, rating strength is partially offset by highly competitive and
working capital intensive steel industry. Payments are reported to be slow but correct. In view of aforesaid, the company can be considered good 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety moderate credit
risk. |
|
Date |
30.12.2017 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = BBB+ |
|
Rating Explanation |
Strong degree of safety low credit risk. |
|
Date |
30.12.2017 |
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
31-03-2016.
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 DENIED
Management Non-Cooperative (Tel. No.: 91-22-66194444)
LOCATIONS
|
Registered Office : |
414, 4th Floor, Vyapar Bhavan, 49, P. D’Mello Road, Carnac Bunder, Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-66194444 / 23482483 |
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Fax No.: |
91-22-23480807 |
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E-Mail : |
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Website : |
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Warehouse : |
Located at :
Plot No. 1278, Road No. 14, Sector KWC,
Kalamboli, Taluka – Panwel, District – Raigad, Navi Mumbai – 410218,
Maharashtra, India
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Branches : |
Located at :
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DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Manoj Mansukhlal Turakhia |
|
Designation : |
Director |
|
Address : |
7/1 Tehmi Terrace, 805 Dr. B. A. Road, Dadar, Mumbai – 400014, Maharashtra, India |
|
Date of Birth/Age : |
29.03.1961 |
|
Qualification : |
MBA |
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Date of Appointment : |
08.10.2004 |
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PAN No.: |
ABRPT8827A |
|
DIN No.: |
01569510 |
|
|
|
|
Name : |
Mr. Anuj Turakhia Manoj |
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Designation : |
Director |
|
Address : |
7/1 Tehmi Terrace, 805 Dr. B. A. Road, Dadar, Mumbai – 400014, Maharashtra, India |
|
Date of Birth/Age : |
26.05.1987 |
|
Date of Appointment : |
25.02.2016 |
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PAN No.: |
AFIPT1363E |
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DIN No.: |
02526276 |
KEY EXECUTIVES
|
Name : |
Ms. Chitra Pawar |
|
Designation : |
Import Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Mansukhlal Turakhia |
|
328550 |
|
Anuj Manoj Turakhia |
|
350900 |
|
Shreyan Manoj Turakhia |
|
303810 |
|
Turakhia Ferromat Private Limited |
|
1625530 |
|
Manoj Mansukhlal Turakhia Huf |
|
212350 |
|
|
|
|
|
Total |
|
2821140 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – (Individual/ Hindu Undivided
Family – Indian) |
42.38 |
|
Promoter - Bodies
corporate |
57.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is engaged in Wholesale Trader of Iron and Steel. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Available |
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Imports : |
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Products : |
Finished Goods |
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Countries : |
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Terms : |
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Selling : |
Advance Payment, Cheque, Credit (30 Days) |
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Purchasing : |
Advance Payment, Cheque, Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEMs
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No. of Employees : |
28 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
Manish Modi and Associates Chartered Accountants |
|
Address : |
Gita Building, 2nd Floor, Plot No.92, Opp. Sion Bus Depot, Near Chhagan Meetha Petrol Pump, Sion (East), Mumbai - 400022 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAOFM4644C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company : |
Turakhia Ferromet Private Limited, India U27200MH1994PTC078585 |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
U28900MH2005PTC152644
U28110MP2009PTC022083
U74990MH2009PTC195588 |
CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
INR 10/- each |
INR 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2821140 |
Equity Shares |
INR 10/- each |
INR 28.211
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees 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 |
28.211 |
28.211 |
28.211 |
|
(b) Reserves and Surplus |
760.916 |
466.124 |
412.845 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
(d) Minority interest |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
789.127 |
494.335 |
441.056 |
|
|
|
|
|
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(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 |
321.067 |
642.474 |
599.873 |
|
(b) Trade
payables |
396.051 |
422.604 |
763.011 |
|
(c) Other
current liabilities |
145.602 |
61.611 |
50.527 |
|
(d) Short-term
provisions |
13.404 |
6.433 |
18.418 |
|
Total Current
Liabilities (4) |
876.124 |
1133.122 |
1431.829 |
|
|
|
|
|
|
TOTAL |
1665.251 |
1627.457 |
1872.885 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4.805 |
2.976 |
1.766 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
126.185 |
8.584 |
48.772 |
|
(c) Deferred tax assets (net) |
0.802 |
0.823 |
0.860 |
|
(d)
Long-term loans and advances |
0.094 |
1.121 |
1.111 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
131.886 |
13.504 |
52.509 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
447.519 |
333.413 |
371.688 |
|
(c) Trade
receivables |
749.698 |
870.359 |
1073.640 |
|
(d) Cash and
bank balances |
266.258 |
263.812 |
175.485 |
|
(e) Short-term
loans and advances |
68.827 |
143.671 |
198.599 |
|
(f) Other
current assets |
1.063 |
2.698 |
0.964 |
|
Total
Current Assets |
1533.365 |
1613.953 |
1820.376 |
|
|
|
|
|
|
TOTAL |
1665.251 |
1627.457 |
1872.885 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
3744.716 |
3705.473 |
4696.700 |
|
|
Other Income |
32.365 |
20.948 |
21.711 |
|
|
TOTAL |
3777.081 |
3726.421 |
4718.411 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
2688.028 |
2709.080 |
3836.474 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(114.106) |
38.275 |
(23.897) |
|
|
Employee benefit expense |
92.196 |
21.516 |
20.155 |
|
|
Other expenses |
581.640 |
789.298 |
674.048 |
|
|
TOTAL |
3247.758 |
3558.169 |
4506.780 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
529.323 |
168.252 |
211.631 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
77.906 |
72.670 |
61.161 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
451.417 |
95.582 |
150.470 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.685 |
0.970 |
2.744 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
450.732 |
94.612 |
147.726 |
|
|
|
|
|
|
|
Less |
TAX |
155.940 |
41.333 |
50.743 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
294.792 |
53.279 |
96.983 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
104.494 |
18.886 |
34.377 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
631.419 |
72.525 |
(118.985) |
|
Net cash flows from (used in) operating activities |
482.423 |
37.662 |
(170.399) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income * 365] |
|
73.07 |
85.73 |
83.44 |
|
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
|
4.99 |
4.26 |
4.37 |
|
|
|
|
|
|
|
Average Payment Days [Sundry Creditors / Purchases
* 365] |
|
53.78 |
56.94 |
72.59 |
|
|
|
|
|
|
|
Inventory Turnover [Operating Income /
Inventories] |
|
1.18 |
0.50 |
0.57 |
|
|
|
|
|
|
|
Asset Turnover [Operating Income / Net Fixed
Assets] |
|
110.16 |
56.54 |
119.84 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio [(Borrowing + Current Liabilities) / Total Assets] |
|
0.53 |
0.70 |
0.76 |
|
|
|
|
|
|
|
Debt Equity Ratio (Borrowings / NetWorth) |
|
0.41 |
1.30 |
1.36 |
|
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / NetWorth) |
|
1.11 |
2.29 |
3.25 |
|
|
|
|
|
|
|
Fixed Assets to NetWorth (Net Fixed Assets /
NetWorth) |
|
0.01 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Interest Coverage Ratio [PBIT / Financial
Charges] |
|
6.79 |
2.32 |
3.46 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin [(PAT / Sales) * 100] |
(%) |
7.87 |
1.44 |
2.06 |
|
|
|
|
|
|
|
Return on Total Assets [(PAT / Total Assets)
* 100] |
(%) |
17.70 |
3.27 |
5.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) [(PAT / NetWorth)
* 100] |
(%) |
37.36 |
10.78 |
21.99 |
SOLVENCY RATIO
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio [Current Assets / Current Liabilities] |
|
1.75 |
1.42 |
1.27 |
|
|
|
|
|
|
|
Quick Ratio [(Current Assets - Inventories)
/ Current Liabilities] |
|
1.24 |
1.13 |
1.01 |
|
|
|
|
|
|
|
G-Score Ratio Financial [NetWorth / Total
Assets] |
|
0.47 |
0.30 |
0.24 |
|
|
|
|
|
|
|
G-Score Ratio Debt [Debts / Equity Capital] |
|
11.38 |
22.77 |
21.26 |
|
|
|
|
|
|
|
G-Score Ratio Liquidity [Total Current Assets
/ Total Current Liabilities] |
|
1.75 |
1.42 |
1.27 |
Total Liability =
Short-term Debt + Long-term Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
28.211 |
28.211 |
28.211 |
|
Reserves & Surplus |
412.845 |
466.124 |
760.916 |
|
Net
worth |
441.056 |
494.335 |
789.127 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
599.873 |
642.474 |
321.067 |
|
Total
borrowings |
599.873 |
642.474 |
321.067 |
|
Debt/Equity
ratio |
1.360 |
1.300 |
0.407 |
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 |
4696.700 |
3705.473 |
3744.716 |
|
|
|
(21.105) |
1.059 |
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 |
4696.700 |
3705.473 |
3744.716 |
|
Profit/ (Loss) |
96.983 |
53.279 |
294.792 |
|
|
2.06
% |
1.44
% |
7.87
% |
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 |
-- |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been
shifted from 2/3, Ashok Chambers, Devji Ratan Marg Broach Street, Mumbai –
400009, Maharashtra India to the present address w.e.f. 18.02.2013
BACKGROUND AND NATURE OF OPERATIONS
The company was incorporated in Mumbai, India on 26th August, 1991 and its business activity is that of trading in products of steel.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
321.067 |
642.474 |
|
|
|
|
|
Total |
321.067 |
642.474 |
INDEX
OF CHARGES:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
B84202266 |
10447366 |
SBICAP TRUSTEE COMPANY LIMITED |
03/08/2013 |
- |
- |
2050000000.0 |
202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India |
|
2 |
Y10356556 |
90248919 |
Bank of India |
20/09/2005 |
31/01/2007 |
- |
125000000.0 |
Mandvi Branch, Kanmoor House, 281/287 Narsi Natha Street, Mumbai – 400009, Maharashtra, India |
FIXED ASSETS
- Buildings
- Vehicles
- Computer
- 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, 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 67.77 |
|
|
1 |
INR 89.96 |
|
Euro |
1 |
INR 78.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VIV |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
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.