|
|
|
MIRA INFORM REPORT
|
Report No. : |
496586 |
|
Report Date : |
07.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TONZA PAPER LLP |
|
|
|
|
Registered
Office : |
Survey. No. 21/2P2, 21/2P3 and 21/2/2P5, Near Wilsun Polypack,
Kenal Road, Lakhdhir Nagar, Morbi, Rajkot – 363641, Gujarat |
|
Mobile No.: |
91-9924730444 (Mr. Chintan Baldevbhai Nayakpara) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
19.04.2016 |
|
|
|
|
Total Obligation of Contribution : |
INR 19.793 Million |
|
|
|
|
LLPIN: |
AAG-1908 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
GSTIN/UIN : |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALFT1407B |
|
|
|
|
Legal Form : |
Limited Liability Partnership |
|
|
|
|
Line of Business
: |
Manufacturer
of paper and paper products. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Information denied by the management |
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 57000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a limited liability partnership firm established in the
year 2016. It is a manufacturer
of paper and paper products. Mr. Chintan Baldevbhai Nayakpara (Designated Partner) has claimed that subject has commenced its business operation in May, 2017. The moderate financial profile of the firm is marked by comfortable
capital base along with slightly high debt balance sheet profile. Rating is constrained on account of limited track record of the firm. Payments are reported to be unknown. In view of aforesaid, the firm 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 |
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 07.03.2018
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 DENIED BY
|
Name : |
Mr. Chintan Baldevbhai Nayakpara |
|
Designation : |
Designated Partner |
|
Contact No.: |
91-9924730444 |
|
Date : |
23.01.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Survey. No. 21/2P2, 21/2P3 and 21/2/2P5, Near Wilsun
Polypack, Kenal Road, Lakhdhir Nagar, Morbi, Rajkot – 363641, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9924730444 (Mr. Chintan Baldevbhai Nayakpara) |
|
Fax No.: |
Not Available |
|
E-Mail : |
PARTNERS
AS ON 31.03.2017
|
Name : |
Mr. Baldevbhai Devjibhai Nayakpara |
|
Designation : |
Designated Partner |
|
Address : |
69-B, Madhuram Society, Beside Ramco
Bunglow, Kenal Road, Morbi Mdg., Morbi, Rajkot – 363641, Gujarat,
India |
|
Date of Birth/Age : |
44 years |
|
Date of Appointment : |
09.05.2016 |
|
DPIN No.: |
00429667 |
|
|
|
|
Name : |
Mr. Girishkumar Chaturbhai Detroja |
|
Designation : |
Designated Partner |
|
Address : |
Arjun, Next To Avenue Park, Ravapar Road,
Morbi Mdg., Morbi, Rajkot – 363641, Gujarat, India |
|
Date of Birth/Age : |
47 years |
|
Date of Appointment : |
09.05.2016 |
|
DPIN No.: |
00430300 |
|
|
|
|
Name : |
Mr. Dineshbhai Shivabhai Detroja |
|
Designation : |
Designated Partner |
|
Address : |
Lilapar, Rajkot – 363641, Gujarat,
India |
|
Date of Birth/Age : |
12.10.1971 |
|
Date of Appointment : |
19.04.2016 |
|
DPIN No.: |
07488183 |
|
|
|
|
Name : |
Mr. Narendra Devjibhai Nayakpara |
|
Designation : |
Designated Partner |
|
Address : |
Patel Street, Vejalpar, Rajkot – 363630, Gujarat,
India |
|
Date of Birth/Age : |
07.12.1973 |
|
Date of Appointment : |
19.04.2016 |
|
DPIN No.: |
07488187 |
|
|
|
|
Name : |
Mr. Piyush Jayantilal Detroja |
|
Designation : |
Designated Partner |
|
Address : |
55, Detroja Vistar, Near Shiv Temple,
Lilapar, Rajkot – 363641, Gujarat, India |
|
Date of Birth/Age : |
30 years |
|
Date of Appointment : |
09.05.2016 |
|
DPIN No.: |
07488188 |
|
|
|
|
Name : |
Mr. Jaykumar Mansukhbhai Detroja |
|
Designation : |
Designated Partner |
|
Address : |
Ravapar Road, Near Narsang Mandir Vidhyut
Park, Morbi Mdg., Morbi, Rajkot – 363641, Gujarat, India |
|
Date of Birth/Age : |
21 years |
|
Date of Appointment : |
09.05.2016 |
|
DPIN No.: |
07489219 |
|
|
|
|
Name : |
Mr. Chintan Baldevbhai Nayakpara |
|
Designation : |
Designated Partner |
|
Address : |
19-D, Madhuram Society, Ravapar Road, Morbi
– 363641, Gujarat, India |
|
Date of Birth/Age : |
20 years |
|
Date of Appointment : |
09.05.2016 |
|
DPIN No.: |
07489377 |
|
|
|
|
Name : |
Mr. Yogesh Jadavjibhai Ambani |
|
Designation : |
Designated Partner |
|
Address : |
Neknam, Rajkot – 363650, Gujarat,
India |
|
Date of Birth/Age : |
37 years |
|
Date of Appointment : |
09.05.2016 |
|
DPIN No.: |
07491893 |
OBLIGATION DETAILS
AS ON 31.03.2017
|
Particulars |
|
Amount in
Million |
|
Yogesh Jadavjibhai Ambani |
|
0.014 |
|
Chintan Baldevbhai Nayakpara |
|
0.009 |
|
Jaykumar Mansukhbhai Detroja |
|
0.024 |
|
Piyush Jayantilal Detroja |
|
0.016 |
|
Narendra Devjibhai Nayakpara |
|
0.009 |
|
Dineshbhai Shivabhai Detroja |
|
0.008 |
|
Girishkumar Chaturbhai Detroja |
|
0.012 |
|
Baldevbhai Devjibhai Nayakpara |
|
0.008 |
|
|
|
|
|
Total |
|
0.100 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of paper and paper products. [Registered Activity] |
|
|
|
|
Products / Services
: |
Paper and
Paper Products |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
· Alka Electric Stores · Ambika Electric Stores · Arya Refractories · Jay Yogeshwar Steel And Fabrication · Lakshminarayan Impex · Om Steel And Cement · Prime Hydraulic and Engineers · Vasantbhai Jerambhai Kanjariya · Venus Pipes and Tubes Private Limited |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
NOTES: a) The LLP has taken Term Loan A/c. No.: from Saurashtra Gramin Bank for the period of 6 years and six months. Term Loan is secured against all the Plant and Machineries of the LLP and Personal Guarantee of all Partners. Term Loan is repayable in 24 installments of INR 0.954 million each, starting next month of takeover of the loan. Starting after moratorium period of 10 months. b) Collateral Securities offered to Saurashtra Gramin Bank; 1. Factory Land situated at Survey No. 21/2P2, 21/2P3 and 21/2/2P5, Village: Lakhdhirnagar, Opposite Wilson Polypack, Near Lorem Ceramic, Canal Road, Morbi Taluka and District: Morbi standing in the name of the M/s. Tonza Paper LLP. 2. Residential Property situated at Survey No.1252/P, Plot No.72, Village: Vajepar, New Chandreshnagar, Behind GIDC, Sanala Road, Morbi Taluka and District: Morbi standing in the name of Shri Yogeshbhai J. Ambani. 3. Residential Property situated at Survey No. 55/P, Plot No.82, 83 and 84,Village: Lalpar, Umiya Nagar Society, Morbi Taluka and District: Morbi standing in the name of Shri Nitinkumar Jayantilal Detroja. |
|
Auditors : |
|
|
Name : |
B. B. Kalaria and Company Chartered Accountants |
|
Address : |
4th Floor, Shivam Complex, Near Sky Mall, Sanala Road, Morbi – 363641, Gujarat, India |
|
Tel. No.: |
91-2822-230134 |
|
Mobile No.: |
91-9825130134 |
|
PAN No.: |
AANFB6161E |
|
Membership No.: |
155122 |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AFTER 31.03.2017
Total obligation of
contribution: INR 70.000 Million
AS ON 31.03.2017
Partner's
Contribution
|
Particulars |
INR in Million |
|
Fixed Contribution |
0.100 |
|
Current Contribution |
19.693 |
|
|
|
|
Total |
19.793 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2017 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partner's Contribution |
|
|
19.793 |
|
(b) Reserves & Surplus |
|
|
0.000 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
19.793 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
119.874 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) Long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
119.874 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
0.000 |
|
(b) Trade
payables |
|
|
4.495 |
|
(c) Other
current liabilities |
|
|
0.059 |
|
(d) Short-term
provisions |
|
|
0.000 |
|
Total Current
Liabilities (4) |
|
|
4.554 |
|
|
|
|
|
|
TOTAL |
|
|
144.221 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
1.016 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
101.805 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d)
Long-term Loan and Advances |
|
|
2.724 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
105.545 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
0.000 |
|
(c) Trade
receivables |
|
|
0.000 |
|
(d) Cash
and cash equivalents |
|
|
1.567 |
|
(e)
Short-term loans and advances |
|
|
37.109 |
|
(f) Other
current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
38.676 |
|
|
|
|
|
|
TOTAL |
|
|
144.221 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2017 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income |
|
|
0.034 |
|
|
|
TOTAL |
|
|
0.034 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
0.000 |
|
|
|
Purchase of Stock-in-trade |
|
|
0.000 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
|
|
0.000 |
|
|
|
Employee Benefits Expenses |
|
|
0.000 |
|
|
|
Other Expenses |
|
|
0.000 |
|
|
|
TOTAL |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
0.034 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
0.034 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
|
|
0.034 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.010 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
0.024 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
|
31.03.2017 |
|
Current Maturities of Long term debt |
|
|
0.00 |
|
Cash generated from operations |
|
|
(35.252) |
|
Net cash flow from operating activities |
|
|
(35.255) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
|
|
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
|
|
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
|
|
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
|
|
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
|
|
0.86 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
|
|
6.06 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
|
|
0.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
|
|
5.19 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
|
|
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
|
31.03.2017 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
|
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
|
|
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
|
|
0.12 |
SOLVENCY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
|
Current Ratio (Current
Assets / Current Liabilities) |
|
|
8.49 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
|
|
8.49 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
|
|
0.14 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
|
|
6.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
|
|
8.49 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
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 |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
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 one year |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last one year |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
No |
|
34 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
|
LONG TERM BORROWINGS |
|
|
From relatives and others |
53.440 |
|
|
|
|
Total |
53.440 |
|
NOTES: The Company has accepted borrowing from related parties
which is accepted in pursuant of stipulation from bank / financial institute. |
|
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
M04395992 |
100067030 |
Saurashtra Gramin Bank |
21/12/2016 |
09/06/2017 |
- |
164400000.0 |
Morbi Branch, Opposite Radheshyam Provision Store, Ravapar Road, Morbi Rajkot 363641, Gujarat, India |
FIXED ASSETS:
· Land (Free Hold)
· Factory Building
· Machinery - Indigenous
· Electrification
· Office Furniture
· Weight Bridge
· Tractor and Loader
· Water Cooler
· Computer
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
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.05 |
|
|
1 |
INR 89.70 |
|
Euro |
1 |
INR 80.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.