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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

494962

Report Date :

03.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SRI VASANI CHEMICAL CORPORATION

 

 

Registered Office :

H. No.: 1-10-91, Street No. 11, Ashok Nagar, Hyderabad – 500020, Telangana

Tel. No.:

91-40-27609655/27605655

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Year of Establishment:

17.02.2003

 

 

Capital Investment / Paid-up Capital :

INR 245.982 Million

 

 

TIN No.:

36800196140

 

 

IEC No.:

[Import-Export Code No.]

0904010759

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

GSTN :

[Goods & Service Tax Registration No.]

36AATFS3879E1ZJ

 

 

PAN No.:

[Permanent Account No.]

AATFS3879E

 

 

Legal Form :

Partnership Concern with an Unlimited Liability of the Partners

 

 

Line of Business :

Trader and Dealer of Chemical such as Cyclohexane, ISO Propyle Alcohol, Ethyl Acetate, Methylene Chloride, Chloroform, Tolune, etc.[ Confirmed by management]

 

 

No. of Employees :

8 (Approximately) [In Office:6 : In Factory/Godown: 2]

 

 

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

 

Status :

Satisfactory 

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a partnership concern established in the year 2003 having satisfactory track record. It is engaged as trader of chemicals like cyclohexane, ISO propyl Alcohol, ethyl acetate, methylene chloride, chloroform, toluene, etc.

 

For the financial year 2017, the concern has reported a marginal decline in its revenue as compared to its previous year but has achieved fair profit margin of during the year.

 

Rating takes into consideration the satisfactory financial risk profile marked by adequate capital structure along with favourable gap between trade payables and trade receivables.

 

However, rating strengths is partially offset by trading nature of its business operation marked by the cyclical inherent in the chemical segment and highly competitive industry which result to inability of subject to scale up its operations without facing profitability pressures.

 

Payments are seems to be usually correct.

 

In view of aforesaid, the concern can be considered 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.

 

 

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 01.03.2018.

 

 

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

 

Name :

Mr. T. Venugopala Rao

Designation :

Managing Partner

Contact No.:

91-9849000569

Date :

28.02.2018

 

 

LOCATIONS

 

Registered Office :

H. No.: 1-10-91, Street No. 11, Ashok Nagar, Hyderabad – 500020, Telangana, India

Tel. No.:

91-40-27609655/27605655

Mobile No.:

91-9849000569 [Mr. T. Venugopala Rao]

Fax No.:

Not Available

E-Mail :

info@svccorp.co.in

Area :

1000 sq. ft.

Location :

Rented

 

 

Godown 1 :

Plot No.3, D. No. 5-9-263/1C, R.G.Nagar, Prashanth Nagar, Kukatpally, Hyderabad – 500072, Telangana, India

Area :

1122 sq. ft.

Location :

Rented

 

 

Godown 2 :

5-9-264/4, Plot No.55, R.G.Nagar, Prashanth Nagar, Kukatpally, Hyderabad – 500072, Telanagana, India

Tel. No.:

91-40-27609655/27605655

Area :

2580 sq. ft.

Location :

Rented

 

 

PARTNERS

 

As claimed by Mrs. Sharda (Accountant - 9849803444) that Mr. K. Subrahmanyam (Partner) retired in the year 2006. And in the year 2006 partners has been changed.

 

Now partners are

 

Name :

T. Venugopala Rao

Designation :

Managing Partner

Address :

1-10-91, Street No.11, Ashok Nagar, Post Office Lane, Hyderabad – 500020, Telangana, India

Date of Birth/Age :

24.11.1960

Qualification :

M.Com

Experience :

32 Years

 

 

Name :

T. Lakshmi

Designation :

Partner

Address :

1-10-91, Street No.11, Ashok Nagar, Post Office Lane, Hyderabad – 500020, Telangana, India

Date of Birth/Age :

29.08.1964

Qualification :

B.A

Experience :

15 Years

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Dealer of Chemical such as Cyclohexane, ISO Propyle Alcohol, Ethyl Acetate, Methylene Chloride, Chloroform, Tolune, etc.[ Confirmed by management]

 

 

Products :
  • Cyclohexane – Reliance Industries Limited
  • Iso Propyle Alcohol – Deepak Fertilizers & Petro Chemicals Corporation Limited & International solvents & Chemical Company
  • Ethyl Acetate – Pentokey Organy India Limited & Jubliant Life Sciences Limited
  • Methylene Chloride – Chemplast Sanmar Limited
  • Chloroform – Gowra Petrochem Private Limited and Chemplast Sanmar Limited
  • Tolune – Hazel Mercantile Limited, Deepak Fertilizers & Petro Chemicals Corporation Limited
  • Phosphorus Oxy Chloride – Sandhya Industrial Chemicals

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

L/C and Credit (90 / 120 days)

 

 

Purchasing :

Cash and Credit (30 / 60 / 90 days)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

  • Chemplast Sanmar Limited
  • Deepak Fertilizers and Petrochemicals Corpn. Limited
  • Gowra Petrochem Private Limited
  • Haresh Petro Chem Private Limited
  • Hazel Mercantile Limited
  • Padmasri Road Line
  • Premier Bulk Carrier
  • Urmi Chemicals
  • Yug International (P) Limited
  • Sanjay Chemical (India) Private Limited
  • A.H. Transport Company

 

 

Customers :

End Users

 

Reference :

Shodana Laboratories Limited – 6B, 6th Floor, Krishsapphire, Madhpur, Hyderabad – 500081, Telangana, India

Name of the Person :

Mr. Madhusudan

Contact No.:

91-40-66463620

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

Reference :

MSN Laboratories Limited - C-24, Industrial Estate, Sanath Nagar, Hyderabad – 500018, Telangana, India

Name of the Person :

S. Sridhar Reddy

Contact No.:

91-40-30438628

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

Reference :

Everest Organic Limited - Plot No. 127 band 128, Lake View Plaza, Opposite Madhapur Police Station Road, Amar Co-operative Society, Madhapur, Hyderabad – 500033, Telangana, India

Name of the Person :

GPVS Dora

Contact No.:

91-9440409996

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

Reference :

Natco Pharma Limited – Natco House, Road No. 2, Banjara Hills, Hyderabad – 500033, Telanagana, India

Name of the Person :

J. Sunitha

Contact No.:

91-40-23546411

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

  • Brundavan Laboratories Limited
  • Fleming Laboratories Limited
  • Granules India Limited
  • Lee Pharma Private Limited
  • Maithri Drugs Limited
  • Maithri Laboratories Limited
  • Nifty Labs (P) Limited
  • Optimus Drugs Limited
  • Spica Laboratories (P) Limited
  • Aditya Medi Pharma Private Limited

 

 

No. of Employees :

8 (Approximately) [In Office:6 : In Factory/Godown: 2]

 

 

Bankers :

Bank Name

AXIS Bank Limited

Branch

Begumpet, Hyderabad, Telangana, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

CC – INR 125.000 Million 

LCBD – 60.000 Million

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

--

 

 

 

Auditors :

 

Name :

G. P. Rao and Associates

Chartered Accountants

Address :

6-3-662, Flat No.1, Sri Sai Sakthi Apartment, Jafar Ali Bagh, Raj Bhavan Road, Somajiguda, Hyderabad – 500082, Telangana, India

Tel. No.:

91-40-23327745

E-Mail :

gprao.associates@gmail.com

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Sister Concern:

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

CAPITAL ACCOUNTS

 

Name of Partners

Capital Account

Current Account

Profit Share

Total

T. Venugopala Rao

45.000

80.417

7.714

133.131

T. Lakshmi

45.000

60.136

7.714

112.851

Total

90.000

140.553

15.428

245.982

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2017

 

31.03.2016

31.03.2015

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

245.982

203.612

177.906

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

245.982

203.612

177.906

LOAN FUNDS

 

 

 

1] Secured Loans

46.366

68.488

62.145

2] Unsecured Loans

0.000

0.000

0.000

TOTAL BORROWING

46.366

68.488

62.145

DEFERRED TAX LIABILITIES

0.000

 0.000

0.000

 

 

 

 

TOTAL

292.348

272.100

240.051

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

1.919

2.282

1.398

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.000

0.000

0.000

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
7.311
8.461
6.606

 

Sundry Debtors
385.107
349.905
355.686

 

Cash & Bank Balances
0.456
0.304
0.248

 

Other Current Assets
0.745
0.478
0.726

 

Loans & Advances
7.927
6.139
7.445

Total Current Assets
401.546
365.287
370.711

Less : CURRENT LIABILITIES & PROVISIONS
 
 
 

 

Sundry Creditors
96.551
84.140
121.634

 

Other Current Liabilities
1.725
2.367
2.821

 

Provisions
12.841
8.962
7.603

Total Current Liabilities
111.117
95.469
132.058

Net Current Assets
290.429
269.818
238.653

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

292.348

272.100

240.051

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

848.867

888.146

1055.781

 

Other Income

2.217

0.370

1.830

 

TOTAL

851.084

888.516

1057.611

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

759.279

792.424

955.987

 

Freight Charges

2.232

2.462

4.872

 

Custom Duty Paid

0.674

 0.000

 0.000

 

Excise Duty Paid

2.084

1.788

2.565

 

Salaries

2.136

2.264

2.792

 

Bonus

0.146

 0.000

0.000 

 

Electricity Charges

0.039

0.045

0.040

 

Sales Tax Paid

27.227

31.453

36.830

 

Employer's contribution to PF

0.800

0.799

0.456

 

Interest on Partner's capital

24.718

21.296

17.607

 

Interest paid to bank

1.036

4.349

7.309

 

Partner's Remuneration

2.700

2.700

2.700

 

Carriage Outwards

0.089

0.078

0.121

 

Conveyance

0.017

0.016

0.017

 

Insurance

0.076

0.055

0.089

 

Office Maintenance

0.219

0.152

0.137

 

Postage and Telephone

0.129

0.172

0.182

 

Printing and Stationary

0.088

0.075

0.101

 

Rates and  Taxes

0.090

0.104

0.211

 

Rent

1.008

1.010

0.834

 

Audit Fees

0.100

0.100

0.100

 

Consultancy Charges

0.216

0.231

0.201

 

Staff Welfare

0.849

0.356

0.631

 

Festival Expenditure

0.115

0.181

0.106

 

Travelling Expenses

0.074

0.109

0.151

 

Vehicle Maintenance

0.392

0.401

0.421

 

Business Promotion

0.218

0.153

0.168

 

Sundry Balance Written off

0.119

0.091

0.047

 

General Expenses

0.105

0.061

0.027

 

TOTAL

826.975

862.925

1034.702

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

24.109

25.591

22.909

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.366

0.188

0.392

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

23.743

25.403

22.517

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

0.372

0.450

0.249

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

23.371

24.953

22.268

 

 

 

 

 

Less

TAX

7.943

8.962

7.603

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

15.428

15.991

14.665

 

Expected Sales (2017-2018) : INR 1000.000 Million

 

Expected Net Profit (2017-18): INR 27.527 Million

 

The above information has been parted by Mr. T. Venugopala Rao (Proprietor).

 

Note : Sole Proprietary and Partnership concerns are exempted from filing their financials with the Government Authorities or Registry Records.

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

165.59

143.80

122.97

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

2.20

2.54

2.97

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

0.66

0.90

0.89

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

3.30

3.02

3.47

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

12.56

11.21

16.39

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.39

0.45

0.52

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.19

0.34

0.35

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.45

0.47

0.74

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.01

0.01

0.01

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

65.87

136.12

58.44

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

1.82

1.80

1.39

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

3.82

4.35

3.94

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

6.27

7.85

8.24

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

3.61

3.83

2.81

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

3.55

3.74

2.76

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.61

0.55

0.48

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.19

0.34

0.35

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

3.61

3.83

2.81

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

Partner's Share Capital

177.906

203.612

245.982

Reserves & Surplus

0.000

0.000

0.000

Net worth

177.906

203.612

245.982

 

 

 

 

Secured loan

62.145

68.488

46.366

Unsecured loan

0.000

0.000

0.000

Total borrowings

62.145

68.488

46.366

Debt/Equity ratio

0.349

0.336

0.188

 

 

 

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

1055.781

888.146

848.867

 

 

(15.878)

(4.423)

 

 

 

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

1055.781

888.146

848.867

Profit

14.665

15.991

15.428

 

1.39%

1.80%

1.82%

 

 

 

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

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)

Yes

16

No. of employees

Yes

17

Details of sister concerns

No

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

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

Yes

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

 

  • Two Wheelers
  • Four Wheelers
  • Furniture
  • Office Equipment
  • Computers

 

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 89.71

Euro

1

INR 79.50

 

 

INFORMATION DETAILS

 

Information Gathered by :

SAV

 

 

Analysis Done by :

NIS

 

 

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)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.