|
|
|
MIRA
INFORM REPORT
|
Report No. : |
494440 |
|
Report Date : |
03.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
KORAZON TECHNOLOGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Imran Complex, 1st Floor, Opposite Woodland Restaurant, Ulubari, G.S
Road, Guwahati – 781007, Assam |
|
Mobile No.: |
91-9864072102 (Mr. Ravi Varma) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
22.01.2009 |
|
|
|
|
Com. Reg. No.: |
02-008919 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32106AS2009PTC008919 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK6105C |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
18AADCK6105C1ZY |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
· Subject is engaged in the retail Trading of Computers, Laptops and Accessories (Registered Activity) · Distributor of IT Products (Confirmed by management) |
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|
|
|
No. of Employees
: |
10 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 12000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2009 having moderate track
record. It is engaged in the retail Trading of Computers, Laptops and Accessories. For the financial year 2017, the company has reported a dip in its
revenue as compared to its previous year and has registered thin profit
margin during the year. The company’s average financial profile is marked by modest net worth
base and low cash accruals. Further, rating gets constrained by the company’s presence in highly
competitive nature of industry with presence of other large players and unorganized
sector marked by profit margins exposed to fluctuation in the input prices. Payments seems to be slow but correct. In view of aforesaid, the company can be considered for business
dealings 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.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
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
31-03-2016.
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 03.03.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Ravi Varma |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9864072102 |
|
Date : |
28.02.2018 |
Mobile No.:
91-9836129292 (does not belong to Subject Company.)
LOCATIONS
|
Registered Office : |
Imran Complex, 1st Floor, Opposite Woodland Restaurant, Ulubari, G.S
Road, Guwahati – 781007, Assam, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9864072102 (Mr. Ravi Varma) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Ram Avtar Yadav |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
C/O Infotech Solutions, 2nd Floor, Kalpana Market, Ghy Club, Gnb Road, Guwahati-781003, Assam, India |
||||||||
|
Date of Birth/Age : |
05.01.1975 |
||||||||
|
Date of Appointment : |
22.01.2009 |
||||||||
|
DIN No.: |
02315641 |
||||||||
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|
|
||||||||
|
Name : |
Mr. Puranjoy Neog |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
C/O Infotech Solutions, 2nd Floor, Kalpana Market, Ghy Club, Gnb Road, Guwahati-781003, Assam, India |
||||||||
|
Date of Birth/Age : |
01.01.1973 |
||||||||
|
Date of Appointment : |
22.01.2009 |
||||||||
|
DIN No.: |
02315668 |
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Other
Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Ms. Reyya Ravi Kumar Varma |
||||||||
|
Designation : |
Whole-time Director |
||||||||
|
Address : |
C/O M/S Infotech Solution, Kalpana Market 2nd Floor, G.N.B Road, Near Uco Bank, Silp Ukhuri, Guwahati 781003, Assam, India |
||||||||
|
Date of Birth/Age : |
06.03.1971 |
||||||||
|
Date of Appointment : |
22.01.2009 |
||||||||
|
DIN No.: |
02315886 |
||||||||
KEY EXECUTIVES
|
Name : |
Mr. Ravi Varma |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Ram Avtar Yadav |
|
6000 |
|
Puranjoy Neog |
|
6000 |
|
Reyya Ravi Kumar Varma |
|
6000 |
|
Total |
|
18000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
· Subject is engaged in the retail Trading of Computers, Laptops and Accessories (Registered Activity) · Distributor of IT Products (Confirmed by management) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
·
HP ·
DELL ·
Lenovo |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Credit (30 Days) |
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Purchasing : |
Credit (30 Days) |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers, End Users
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No. of Employees : |
10 (Approximately) |
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Bankers : |
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|
Auditors : |
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|
Name : |
P Gaggar and Associates Chartered Accountants |
|
Address : |
Aastha Tower, 2nd Floor, C.K Road, Panbazar, Guwahati- 781001, Assam,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFG4162B |
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|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Other related party: |
Infotech Solution Address : Imran Complex, 1st
Floor, Opposite Woodland Restaurant, Ulubari, G.S Road, Guwahati – 781007, Assam,
India Activity : Distributor of IT Products |
CAPITAL STRUCTURE
As on 28.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
INR 100/- each |
INR 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000 |
Equity Shares |
INR 100/- each |
INR 1.800 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 |
1.800 |
1.800 |
1.800 |
|
(b) Reserves & Surplus |
2.420 |
1.812 |
1.437 |
|
(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) |
4.220 |
3.612 |
3.237 |
|
|
|
|
|
|
(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 |
3.188 |
|
(b) Trade payables |
8.831 |
8.406 |
6.948 |
|
(c) Other current liabilities |
1.715 |
1.256 |
1.223 |
|
(d) Short-term provisions |
0.090 |
0.030 |
0.000 |
|
Total
Current Liabilities (4) |
10.636 |
9.692 |
11.359 |
|
|
|
|
|
|
TOTAL |
14.856 |
13.304 |
14.596 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.070 |
0.063 |
0.092 |
|
(ii) Intangible Assets |
0.253 |
0.051 |
0.084 |
|
(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 |
0.128 |
|
(c) Deferred tax assets (net) |
0.005 |
0.020 |
0.011 |
|
(d) Long-term Loan and Advances |
0.424 |
0.472 |
0.583 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
0.752 |
0.606 |
0.898 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2.139 |
1.824 |
2.960 |
|
(c) Trade receivables |
6.256 |
8.533 |
8.536 |
|
(d) Cash and cash equivalents |
4.139 |
1.348 |
1.829 |
|
(e) Short-term loans and
advances |
0.170 |
0.198 |
0.213 |
|
(f) Other current assets |
1.400 |
0.795 |
0.160 |
|
Total
Current Assets |
14.104 |
12.698 |
13.698 |
|
|
|
|
|
|
TOTAL |
14.856 |
13.304 |
14.596 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
39.440 |
42.413 |
42.618 |
|
|
Other Income |
0.333 |
1.040 |
2.375 |
|
|
TOTAL
|
39.773 |
43.453 |
44.993 |
|
|
|
(Due to Market Fluctuation) |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
34.869 |
38.259 |
39.074 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.315) |
1.137 |
0.882 |
|
|
Employees benefits expense |
2.650 |
2.039 |
2.057 |
|
|
Other expenses |
1.643 |
1.124 |
2.173 |
|
|
TOTAL |
38.847 |
42.559 |
44.186 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
0.926 |
0.894 |
0.807 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.013 |
0.284 |
0.377 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.913 |
0.610 |
0.430 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.045 |
0.062 |
0.109 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.868 |
0.548 |
0.321 |
|
|
|
|
|
|
|
Less |
TAX |
0.260 |
0.174 |
0.103 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.608 |
0.374 |
0.218 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
33.78 |
20.78 |
12.13 |
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 |
3.169 |
2.872 |
0.184 |
|
Net cash flows from operating activities |
2.984 |
2.718 |
0.040 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
57.90 |
73.43 |
73.11 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
6.30 |
4.97 |
4.99 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
92.44 |
80.20 |
64.90 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.43 |
0.49 |
0.27 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.87 |
7.84 |
4.59 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.72 |
0.73 |
0.78 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.98 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.52 |
2.68 |
3.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.08 |
0.03 |
0.05 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
71.23 |
3.15 |
2.14 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.54 |
0.88 |
0.51 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.09 |
2.81 |
1.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
14.41 |
10.35 |
6.73 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.33 |
1.31 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.12 |
1.12 |
0.95 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.28 |
0.27 |
0.22 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
1.77 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.33 |
1.31 |
1.21 |
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 |
1.800 |
1.800 |
1.800 |
|
Reserves & Surplus |
1.437 |
1.812 |
2.420 |
|
Net
worth |
3.237 |
3.612 |
4.220 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3.188 |
0.000 |
0.000 |
|
Total
borrowings |
3.188 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.985 |
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 |
42.618 |
42.413 |
39.440 |
|
|
|
(0.481) |
(7.010) |
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 |
42.618 |
42.413 |
39.440 |
|
Profit |
0.218 |
0.374 |
0.608 |
|
|
0.51% |
0.88% |
1.54% |
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 |
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 |
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 |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the Annual
Report |
No |
STATE OF COMPANYS
AFFAIRS AND FUTURE OUTLOOK
The company is currently engaged in the retail trading of computers
and accessories
INDEX OF CHARGES
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Amount |
Address |
|
1 |
C61535506 |
10585660 |
HDFC BANK LIMITED |
20/07/2015 |
- |
4500000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARG LOWER PAREL W MUMBAI MAHARASHTRA 400013 INDIA |
|
2 |
B15572209 |
10209792 |
STATE BANK OF INDIA |
30/01/2010 |
08/06/2011 |
4500000.0 |
SMECCC, BAMUNIMAIDAN GUWAHATI ASSAM 781021 INDIA |
FIXED ASSETS
- Furniture and
Fixture
- Computer
- Plant and Equipments
- Air
Conditioner
- Mobile
Handset
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 65.23 |
|
UK Pound |
1 |
INR 79.50 |
|
Euro |
1 |
INR 89.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
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.
·