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|
|
MIRA INFORM REPORT
|
Report No. : |
495993 |
|
Report Date : |
09.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
REGENCY TEXTRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.378, Udyog Vihar, Phase-2, Gurugram – 122015, Haryana |
|
Tel. No.: |
91-124-4703100 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
Date of
Incorporation : |
22.01.2010 |
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|
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|
Com. Reg. No.: |
05-052938 |
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Capital
Investment / Paid-up Capital : |
INR 2.333 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U51909HR2010PTC052938 |
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|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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TIN No: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAECR6094A |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in wholesale trading
business and providing business support services which includes trading of
Garments, Home Furnishing and Hard Goods Articles and providing business
support services to the vendors/customers. (Registered Activity) |
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|
|
|
No. of Employees
: |
Not Divulged |
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 |
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|
Comments : |
Subject is a wholly owned subsidiary of “Asian Regency Limited, Hong Kong”
and was incorporated in the year 2010. It is having satisfactory track
records. For the financial year 2017, the company has increased in its revenue
from operation as compared to previous year and maintained average profit
margin of 1.28%. General financial position of the company seems to be sound and
acceptable along with low debt structure. Further, rating derives strength from its holding company support and
improvement in the revenue profile during the year. Trade relations are reported as fair. Business is active. Payments are
seems to be usually correct. In view of aforesaid, the company 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 09.03.2018
Subject’s name is listed as a Sick Unit in the
publicly available BIFR (Board for Industrial & Financial Reconstruction)
list as of 09.03.2018
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
Management non-cooperative (Tel No.: 91-124-4703100)
LOCATIONS
|
Registered Office : |
Plot No.378, Udyog Vihar, Phase-2, Gurugram – 122015, Haryana, India |
|
Tel. No.: |
91-124-4703100 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Branch Office 1: |
Chennai Office No.58 Electrical and Electronics, Industrial Estate, Perungudi, Chennai- 600 096, Tamilnadu, India |
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|
|
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Branch Office 2: |
Tirupur Office: Sakthi Towers, Building 55 & 56, Bharathi Street, Valipalayam, Tirupur- 601 603, Tamilnadu, India |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Nagendrarao Putta |
|
Designation : |
Director |
|
Address : |
42/57, Plot S1, Centwin Saptheswara Apartment, Jameen Pallavaram, Chennai-600043, Tamilnadu, India |
|
Date of Appointment : |
04.08.2014 |
|
DIN No: |
06902764 |
|
|
|
|
Name : |
Mr. Venkatesh Nagan |
|
Designation : |
Director |
|
Address : |
E-081, Richmond Park, DLF City, Phase-IV, Gurugram-122002, Haryana, India |
|
Date of Appointment : |
04.08.2014 |
|
DIN No: |
06902809 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Nagendra Rao Putta |
10 |
0.004 |
|
Asian Regency Limited, Hong Kong |
233251 |
99.99 |
|
Total |
233261 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on : 30.09.2017
|
Category |
Percentage |
|
Promoters (Body corporate) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business
: |
The Company is engaged in wholesale
trading business and providing business support services which includes trading
of Garments, Home Furnishing and Hard Goods Articles and providing business
support services to the vendors/customers. (Registered Activity) |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
R.S. Gupta and Company Chartered Accountants |
|
Address : |
5A/19, Ansari Road, Darya Ganj, New Delhi – 110002, India |
|
Tel. No.: |
91-11-23242478/ 23252815/ 43541966 |
|
Fax No.: |
91-11-23283480 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFR7026F |
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|
|
|
Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
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|
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Holding Company: |
Asian Regency Limited, Hong Kong |
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Other Related Parties: |
|
CAPITAL STRUCTURE
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
INR 10/- each |
INR 10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
233261 |
Equity Shares |
INR 10/- each |
INR 2.333 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 |
2.333 |
2.333 |
2.333 |
|
(b) Reserves & Surplus |
23.764 |
20.523 |
16.819 |
|
(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) |
26.097 |
22.856 |
19.152 |
|
|
|
|
|
|
(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 |
2.859 |
0.373 |
0.242 |
|
Total Non-current
Liabilities (3) |
2.859 |
0.373 |
0.242 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
9.949 |
|
(b) Trade
payables |
32.308 |
54.639 |
46.900 |
|
(c) Other
current liabilities |
4.257 |
4.299 |
44.489 |
|
(d) Short-term
provisions |
1.937 |
1.184 |
1.454 |
|
Total Current
Liabilities (4) |
38.502 |
60.122 |
102.792 |
|
|
|
|
|
|
TOTAL |
67.458 |
83.351 |
122.186 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.095 |
1.381 |
1.780 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.050 |
|
(c) Deferred tax assets (net) |
0.789 |
0.093 |
0.037 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.453 |
0.099 |
|
Total Non-Current
Assets |
1.884 |
1.927 |
1.966 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
36.110 |
64.033 |
63.706 |
|
(d) Cash
and cash equivalents |
25.492 |
13.347 |
48.662 |
|
(e) Short-term
loans and advances |
3.589 |
3.282 |
7.683 |
|
(f) Other
current assets |
0.383 |
0.762 |
0.169 |
|
Total
Current Assets |
65.574 |
81.424 |
120.220 |
|
|
|
|
|
|
TOTAL |
67.458 |
83.351 |
122.186 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
252.735 |
189.556 |
198.578 |
|
|
Other Income |
2.777 |
2.295 |
0.619 |
|
|
TOTAL |
255.512 |
191.851 |
199.197 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
218.881 |
172.556 |
184.548 |
|
|
Employees benefits
expense |
23.842 |
5.639 |
4.514 |
|
|
Other expenses |
8.852 |
8.035 |
7.017 |
|
|
TOTAL |
251.575 |
186.230 |
196.079 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
3.937 |
5.621 |
3.118 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.030 |
0.685 |
1.174 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
3.907 |
4.936 |
1.944 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.286 |
0.428 |
0.369 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
3.621 |
4.508 |
1.575 |
|
|
|
|
|
|
|
Less |
TAX |
0.380 |
0.803 |
0.306 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.241 |
3.705 |
1.269 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
13.89 |
15.88 |
5.44 |
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 |
13.014 |
(25.058) |
46.646 |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operating activity |
12.691 |
(26.189) |
46.351 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
52.15 |
123.30 |
117.10 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.00 |
2.96 |
3.12 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
53.88 |
115.58 |
92.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
3.60 |
4.07 |
1.75 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.57 |
0.72 |
0.84 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
0.52 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.48 |
2.63 |
5.37 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.04 |
0.06 |
0.09 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
131.23 |
8.21 |
2.66 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.28 |
1.95 |
0.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.80 |
4.45 |
1.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
12.42 |
16.21 |
6.63 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.70 |
1.35 |
1.17 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.70 |
1.35 |
1.17 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.39 |
0.27 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
4.26 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.70 |
1.35 |
1.17 |
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 |
2.333 |
2.333 |
2.333 |
|
Reserves & Surplus |
16.819 |
20.523 |
23.764 |
|
Net
worth |
19.152 |
22.856 |
26.097 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
9.949 |
0.000 |
0.000 |
|
Total
borrowings |
9.949 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.519 |
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 |
198.578 |
189.556 |
252.735 |
|
|
|
(4.543) |
33.330 |
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 |
198.578 |
189.556 |
252.735 |
|
Profit |
1.269 |
3.705 |
3.241 |
|
|
0.64% |
1.95% |
1.28% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
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 two/ 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
STATE OF COMPANY’S
AFFAIR
The Company is engaged in wholesale trading business and providing
business support services which includes trading of Garments, Home Furnishing
and Hard Goods Articles and providing business support services to the
vendors/customers. There has been no change in the business of the company
during the financial year ended 31st March, 2017.
The highlights of the company’s performance are as under:
- Revenue from operations is INR 252.735
million
- Net Profit for the year is INR 3.241
million
- Earnings per share INR 13.89
INDEX
OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
G60178746 |
100131354 |
19/07/2017 |
- |
- |
50000000.0 |
Corporate Banking BranchNo.192 Anna SalaiChennaiTN600002IN |
|
|
2 |
C82366915 |
10561759 |
07/03/2015 |
11/02/2016 |
- |
50000000.0 |
CORPORATE BANKING BRANCH, GROUND FLOORKARUMUTHU NILAYAM, NO.192, ANNA SALAICHENNAITN600002IN |
|
|
3 |
C58500869 |
10269026 |
28/01/2011 |
09/12/2013 |
09/07/2015 |
40000000.0 |
GA 4,5,7,8, GROUND FLOORRAHEJA SQUARE,IMT MANESARGURGAONHR122050IN |
FIXED ASSETS
- Furniture and
Fixture
- Computer
- Plant and
Machinery
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 64.92 |
|
|
1 |
INR 90.23 |
|
Euro |
1 |
INR 80.54 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKY |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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.