|
|
|
MIRA INFORM REPORT
|
Report No. : |
516660 |
|
Report Date : |
25.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
NETCOM SOLUTIONS |
|
|
|
|
Registered
Office : |
No. G29, 5th Floor, Suraj Apartment, Block-A, Newtown, Kolkata – 700102, West Bengal |
|
Mobile No.: |
91-9830042120 (Mr. Madhab
Sasanka Sekhar Mandal) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
2005 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 19.707 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AELPM0527K |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
19AELPM0527K1Z8 |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Subject
is engaged into system integration for IT infrastructure. (Confirmed by
management) |
|
|
|
|
No. of Employees
: |
13 (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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Maximum Credit Limit : |
USD 56000 (In INR 3814468.00) |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was established in the year 2005 as a proprietorship firm and it is having satisfactory track records. It is engaged in the business of system integration for IT infrastructures. As per provided financials of 2017, the firm has registered decrease in its revenue from its operations as compared to previous year but reported decent profitability margin of 16.66%. 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 and comfortable liquidity position. However, rating strength is partially offset by declined in the revenue as well as profitability profile during the year. 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. Madhab (Proprietor) of the firm and confirmed the existence at the given address. As per our executive observation, location of the firm is easy to find. Landmark was near Estern Club. It is a 6 storey building and firm is situated on 5th floor. Locality appears to be commercial. Area seems to be upmarket. Area of the premises was 1450approx. (SQ.FT) and 7 approx. employees were sighted into premises. Name board of the firm was sighted at the 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
|
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 25.06.2018
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. Madhab Sasanka Sekhar Mandal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9830042120 |
|
Date : |
25.06.2018 |
LOCATIONS
|
Registered Office : |
No. G29, 5th Floor, Suraj Apartment, Block-A, Newtown, Kolkata – 700102, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9830042120 (Mr. Madhab
Sasanka Sekhar Mandal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1450 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
Located at:
|
SOLE PROPRIETOR
|
Name : |
Mr. Madhab Mandal |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
22.04.1964 |
|
Qualification : |
MBA |
|
Experience : |
30 Years |
|
PAN No.: |
AELPM0527K |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged into system integration for IT infrastructure. (Confirmed by
management) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
System
integration for IT infrastructure |
|
Countries : |
|
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users, OEM’s, Others (Central Government)
|
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No. of Employees : |
13 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
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|
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Bankers : |
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|
Facilities : |
|
||||||||||||
|
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|
||||||||||||
|
Auditors : |
|
||||||||||||
|
Name : |
R Basu and Company Chartered Accountants |
||||||||||||
|
Address : |
Kolkata, West Bengal, India |
||||||||||||
|
Membership No.: |
056747 |
||||||||||||
|
|
|
||||||||||||
|
Collaborators : |
Not Available |
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||||||||||||
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Membership : |
Not Available |
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||||||||||||
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Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
Particular |
As on 31.03.2017 (INR in million) |
|
As per las a/c |
21.350 |
|
Add: Net profit |
1.768 |
|
|
23.118 |
|
Less: Drawings |
2.877 |
|
|
20.241 |
|
Less: LIP Paid |
0.409 |
|
|
19.832 |
|
Less: Medi Claim Insurance |
0.018 |
|
|
19.814 |
|
Add: Interest on SB a/c |
0.037 |
|
|
19.851 |
|
Add: Excess IT Prov. Adjusted for AY 2014-15, 2015 -16 and 2016-17 |
0.180 |
|
|
20.031 |
|
Less: Provision for tax for A Y 2017-2018 |
0.324 |
|
|
|
|
Total |
19.707 |
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 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Proprietors Capital |
|
19.707 |
21.350 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
19.707 |
21.35 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
1.034 |
2.940 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
1.034 |
2.940 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
20.741 |
24.290 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
14.106 |
14.579 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
6.692 |
0.120 |
|
|
DEFERREDTAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000
|
0.000
|
|
|
Sundry Debtors |
|
10.547 |
17.583 |
|
|
Cash & Bank Balances |
|
5.145 |
7.004 |
|
|
Other Current Assets |
|
0.983 |
6.195 |
|
|
Loans/ Advances Deposit |
|
1.856 |
6.787 |
|
Total
Current Assets |
|
18.531
|
37.569
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
17.625 |
11.741 |
|
|
Other Current Liabilities |
|
0.639 |
10.654 |
|
|
Provisions |
|
0.324 |
5.583 |
|
Total
Current Liabilities |
|
18.588 |
27.978 |
|
|
Net Current Assets |
|
(0.057) |
9.591 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
20.741 |
24.290 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
10.614 |
30.323 |
|
|
Other Income |
|
2.198 |
12.486 |
|
|
TOTAL |
|
12.812 |
42.809 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
4.634 |
20.692 |
|
|
Wages |
|
0.000 |
1.021 |
|
|
Installation And Support |
|
0.951 |
5.300 |
|
|
Transportation Charges |
|
0.000 |
0.453 |
|
|
Sb Cess Paid |
|
0.010 |
0.000 |
|
|
Wages And Installation
Expenses |
|
0.324 |
0.000 |
|
|
Salary Including Bonus |
|
1.515 |
1.997 |
|
|
Incentive To Employee |
|
0.074 |
0.178 |
|
|
Printing And Stationery |
|
0.010 |
0.107 |
|
|
Accounting |
|
0.000 |
0.120 |
|
|
Trade Licence Fee |
|
0.003 |
0.000 |
|
|
Professional Tax |
|
0.003 |
0.024 |
|
|
Office Expenses |
|
0.160 |
0.284 |
|
|
Electricity Charges |
|
0.063 |
0.047 |
|
|
Consultation Charges |
|
0.125 |
0.125 |
|
|
Conveyance Expenses |
|
0.047 |
0.141 |
|
|
Travelling |
|
0.771 |
1.901 |
|
|
Office Car Maintenance |
|
0.219 |
0.437 |
|
|
Office Car Insurance |
|
0.041 |
0.051 |
|
|
Carriage Outward |
|
0.000 |
0.275 |
|
|
Ico Certificate Fees |
|
0.020 |
0.000 |
|
|
Telephone Charges |
|
0.072 |
0.101 |
|
|
Postage And Courier |
|
0.001 |
0.003 |
|
|
Business Promotion
Expenses |
|
0.239 |
0.867 |
|
|
Advertisement |
|
0.019 |
0.026 |
|
|
Donation And Subscription |
|
0.060 |
0.071 |
|
|
Tax Audit Fees |
|
0.010 |
0.015 |
|
|
Foreign Travel |
|
0.000 |
0.333 |
|
|
Tender Fee |
|
0.003 |
0.013 |
|
|
Road Tax |
|
0.033 |
0.032 |
|
|
Entry Tax, Interest, Late
Fee |
|
0.002 |
0.000 |
|
|
Vat Paid (FY 2009-2010)
Interest Etc. |
|
0.076 |
0.000 |
|
|
Interest On KK Cess |
|
0.000 |
0.000 |
|
|
Interest On Professional
Tax |
|
0.000 |
0.000 |
|
|
Repair And Maintenance |
|
0.191 |
0.155 |
|
|
Internet Charges |
|
0.025 |
0.027 |
|
|
Rent Paid |
|
0.198 |
0.314 |
|
|
Insurance Premium |
|
0.000 |
0.011 |
|
|
Miscellaneous Expense |
|
0.003 |
0.037 |
|
|
Vat / CST |
|
0.000 |
0.065 |
|
|
Staff Training Expenses |
|
0.000 |
0.040 |
|
|
TOTAL |
|
9.902 |
35.263 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
2.910 |
7.546 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
0.205 |
0.061 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
2.705 |
7.485 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.937 |
0.789 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
1.768 |
6.696 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
362.70 |
211.65 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
1.01 |
1.72 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
1388.24 |
207.11 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
0.21 |
0.52 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.50 |
0.59 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.05 |
0.14 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.94 |
1.31 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.72 |
0.68 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
14.20 |
123.70 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
16.66 |
22.08 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
4.50 |
12.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
8.97 |
31.36 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
0.84 |
0.88 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.84 |
0.88 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.50 |
0.41 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.05 |
0.14 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
0.84 |
0.88 |
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 |
|
31.03.2016 |
31.03.2017 |
|
|
|
(INR
in Million) |
(INR
in Million) |
|
Proprietors Capital |
|
21.350 |
19.707 |
|
Reserves & Surplus |
|
0.000 |
0.000 |
|
Net
worth |
|
21.350 |
19.707 |
|
|
|
|
|
|
Secured loans |
|
2.940 |
1.034 |
|
Unsecured Loans |
|
0.000 |
0.000 |
|
Total
borrowings |
|
2.940 |
1.034 |
|
Debt/Equity
ratio |
|
0.138 |
0.052 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2016 |
31.03.2017 |
|
|
|
INR
In Million |
INR
In Million |
|
Sales |
|
30.323 |
10.614 |
|
|
|
|
(64.997) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
|
INR
In Million |
INR
In Million |
|
|
Sales |
|
30.323 |
10.614 |
|
Profit |
|
6.696 |
1.768 |
|
|
|
22.08% |
16.66% |
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 |
No |
|
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 |
No |
|
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 |
No |
|
26 |
Turnover of firm for last two 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 : |
NETCOM SOLUTIONS - 516660 |
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Address : |
No. G29, 5th Floor, Suraj Apartment, Block-A, Newtown, Kolkata – 700102, West Bengal |
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Person to whom we met: |
Mr. Madhab Sasanka Sekhar Mandal (Proprietor) |
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Name Board: |
Sighted |
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Location: |
Easy |
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Landmark (If Any): |
Estern Club |
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Total Floors of the building: |
6 |
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Subject situated on: |
5 th Floor
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Locality: |
Commercial |
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Area of Premises
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1450 Sq. ft. |
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Area: |
Upmarket |
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No. of Employees
seen at Premises : |
7 |
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Visibility of
Items: |
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Furniture items sighted: |
Yes |
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Proof of visit: |
Photograph |
FIXED ASSET
- Office flat
- Office car
- Office equipment
- Office furniture
- Machine
- Mobile phone
- Cycle
- Computers and accessories
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
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Currency |
Unit
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INR |
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US Dollar |
1 |
INR 68.08 |
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1 |
INR 89.59 |
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Euro |
1 |
INR 78.83 |
INFORMATION DETAILS
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Information
Gathered by : |
POON |
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Analysis Done by
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PSD |
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Report Prepared
by : |
RKI |
SCORE FACTORS
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.