MIRA INFORM REPORT

 

 

Report No. :

496069

Report Date :

10.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

SHUBH ALUMINIUM PRIVATE LIMITED

 

 

Registered Office :

1, Link Road, Town Hall, Udaipur – 313001, Rajasthan

Tel. No.:

91-294-2420200

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

16.06.2012

 

 

Com. Reg. No.:

17-039234

 

 

Capital Investment / Paid-up Capital :

INR 12.842 Million

 

 

CIN No.:

[Company Identification No.]

U27203RJ2012PTC039234

 

 

IEC No.:

[Import-Export Code No.]

1312017741

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AARCS7379C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The company is engaged in the business of trading of various commodities like aluminum scrap, iron/steel TMT Bars, Polyester Yarn, Pet Preform etc. (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 :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Maximum Credit Limit :

USD 99000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated in the year 2012 and it is having satisfactory track records.

 

For the financial year 2017, the company has healthy increased in its revenue from operation as compared to previous year but maintained minimal profit margin of 0.39%.

 

General financial position of the company seems to be sound and acceptable along with average debt structure.

 

Further, rating also reflects from its long standing experience of the promoters in the diversified line of business along with improvement in the revenue as well profitability profile during the year and capable liquidity position.

 

However, rating strength is partially offset by low profitability margin, working capital intensive nature of operations and intense competition from industry.

 

Trade relations are reported as fair. Business is active. Payments are seems to be slow but 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 10.03.2018

 

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 (91-294-2420200)

 

LOCATIONS

 

Registered Office :

1, Link Road, Town Hall, Udaipur – 313001, Rajasthan, India 

Tel. No.:

91-294-2420200

Fax No.:

Not available

E-Mail :

deepakvijaywargey@gmail.com

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Babu Lal Motawat

Designation :

Director

Address :

5, Shantiwan, Fatehpura Bedla Road, Udaipur – 313001, Rajasthan, India

Date of Birth/Age :

21.08.1961

Date of Appointment :

16.06.2012

DIN No.:

00268951

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U14101RJ1990PTC005297

HOTEL MARMOLAND PVT LTD

09/02/1990

-

U45201RJ1997PTC013894

SHALIBHADRA BUILDERS PRIVATE LIMITED

10/06/1997

-

U14219RJ1999PTC015714

SHUBH MANGAL MARBLES AND GRANITES PRIVATE LIMITED

23/06/1999

-

U27109RJ2012PTC040319

SHUBHGRAH METALS PRIVATE LIMITED

06/10/2012

-

U70101RJ2013PTC041383

SHUBHGRAH BUILDERS PRIVATE LIMITED

01/02/2013

-

U70101RJ2015PTC048181

SHUBHGRAH REALTY PRIVATE LIMITED

03/09/2015

-

U70101RJ2015PTC048180

SHUBHGRAH HOUSING PRIVATE LIMITED

03/09/2015

-

U70101RJ2015PTC048307

AVR REALTY PRIVATE LIMITED

22/09/2015

-

 

 

Name :

Mr. Rohit Motawat

Designation :

Director

Address :

5, Shantiwan, Bedla Road, Udaipur – 313001, Rajasthan, India

Date of Birth/Age :

22.12.1981

Date of Appointment :

16.06.2012

DIN No.:

00268975

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U14101RJ1990PTC005297

HOTEL MARMOLAND PVT LTD

17/12/2013

-

U14219RJ1999PTC015714

SHUBH MANGAL MARBLES AND GRANITES PRIVATE LIMITED

23/06/1999

-

U27109RJ2012PTC040319

SHUBHGRAH METALS PRIVATE LIMITED

06/10/2012

-

U70101RJ2013PTC041383

SHUBHGRAH BUILDERS PRIVATE LIMITED

01/02/2013

-

U70101RJ2015PTC048181

SHUBHGRAH REALTY PRIVATE LIMITED

03/09/2015

-

U70101RJ2015PTC048180

SHUBHGRAH HOUSING PRIVATE LIMITED

03/09/2015

-

U70101RJ2015PTC048307

AVR REALTY PRIVATE LIMITED

22/09/2015

-

U74999MH2016PTC286860

AVINS INDUSTRIES PRIVATE LIMITED

17/10/2016

-

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

No. of Shares

Babu Lal Motawat

513300

Rohit Motawat

440395

Anita Nalwaya

31600

Bhanwar Lal Choubise

5300

Kamal Kishore Jain

69274

Lalit paliwal

8800

Pawan motawat

31600

Pradeep mogra

64375

Ratanlal Motawat

31600

Rohit Motawat HUF

67000

Manoj Sehlot 

21006

Total

1284250

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 27.09.2017

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

The company is engaged in the business of trading of various commodities like aluminum scrap, iron/steel TMT Bars, Polyester Yarn, Pet Preform etc. (Registered Activity)

 

 

Products / Services :

Name and Description of main products / services

NIC Code of the Product/service

Manufacturing of aluminum doors, sections and other items

99611927

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

 

GENERAL INFORMATION

 

Suppliers :
  • Gallops Corporation
  • Hind Corporation
  • Samrudhi Enterprises
  • Swastika Plasto
  • Maspack Industries
  • Cargo Concepts Private Limited
  • Krishna Industries
  • R. K. Pokharana And Company 
  • Sharif Metals INTL

Reference :

Rose Publicity

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :
  • Shreya Petrochem Private Limited
  • Dhanushree Pillows
  • Arpit Metal Industrial
  • Aseem Global Limited
  • Mahabal Extrusion Private Limited
  • Map Traders
  • Omalso Extrusion Private Limited 

Reference :

Ridhi Sidhi Alloys Limited

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information denied by the management

 

 

Bankers :

Banker Name :

Bank of Baroda

Branch :

 

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Facilities :

(INR In Million)

SECURED LOAN

As on

31.03.2017

As on

31.03.2016

SHORT TERM BORROWING

 

 

Bank of Baroda

35.316

15.684

Bank of Baroda, Sukher, udaipur

38.697

0.000

I.L.C, Bank of Baroda

8.416

0.000

Total

82.429

15.684

 

 

Auditors :

 

Name :

R.K. Pokharna and Company

Chartered Accountants

Address :

212, Shubham Complex, 11-A, New Fatehpura, Udaipur – 313004, Rajasthan, India

Tel. No.:

91-294-2524296

Fax No:

91-294-2412762

PAN N Income-tax PAN of auditor or auditor's firm :

ABHPP8820B

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Related Parties :
  • Shubhgrah Metals Private Limited
  • Shubh YS Fibres, Silvassa

 

 

CAPITAL STRUCTURE

 

AS ON 27.09.2017

 

Authorised Capital : INR 15.000 Million

 

 

Issued, Subscribed & Paid-up Capital : INR 15.000 Million

 

 

AS ON 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3000000

Equity Shares

INR 10/- each

INR 30.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1284250

Equity Shares

INR 10/- each

INR 12.842 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

12.842

7.082

3.300

(b) Reserves & Surplus

21.759

8.781

0.000

(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)

34.601

15.863

3.300

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

8.670

0.340

1.982

(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)

8.670

0.340

1.982

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

82.429

15.684

0.000

(b) Trade payables

19.962

58.713

0.005

(c) Other current liabilities

6.178

0.710

0.000

(d) Short-term provisions

0.850

0.610

0.000

Total Current Liabilities (4)

109.419

75.717

0.005

 

 

 

 

TOTAL

152.690

91.920

5.287

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

4.647

4.639

4.388

(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

0.222

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.057

0.114

0.171

Total Non-Current Assets

4.704

4.753

4.781

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

6.280

8.365

0.000

(c) Trade receivables

113.780

62.339

0.000

(d) Cash and cash equivalents

2.986

1.604

0.049

(e) Short-term loans and advances

20.486

13.884

0.457

(f) Other current assets

4.454

0.975

0.000

Total Current Assets

147.986

87.167

0.506

 

 

 

 

TOTAL

152.690

91.920

5.287

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

364.431

192.168

0.000

 

Other Income

1.952

0.239

0.000

 

TOTAL

366.383

192.407

0.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchases of Stock-in-Trade

351.942

194.721

0.000

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

2.085

(8.365)

0.000

 

Employees benefits expense

1.693

1.075

0.000

 

Other expenses

1.552

0.602

0.000

 

TOTAL

357.272

188.033

0.000

 

 

 

 

 

 

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

9.111

4.374

0.000

 

 

 

 

 

Less

FINANCIAL EXPENSES

6.748

2.547

0.000

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

2.363

1.827

0.000

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

0.038

0.000

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2.325

1.827

0.000

 

 

 

 

 

Less

TAX

0.869

0.610

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.456

1.217

0.000

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

180.185

18.489

0.000

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

1.13

1.72

 0.00

 

 

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

(25.324)

(7.806)

(0.003)

Net cash flows from (used in) operations

(26.193)

(8.416)

(0.003)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

113.96

118.41

0.00

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.20

3.08

0.00

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

20.70

110.06

0.00

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.45

0.52

0.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

1.96

0.94

0.00

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.77

0.83

0.38

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

2.63

1.01

0.60

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

3.16

4.77

0.00

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.13

0.29

1.40

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

1.35

1.72

0.00

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

0.40

0.63

0.00

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.95

1.32

0.00

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

4.21

7.67

0.00

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.35

1.15

101.20

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.30

1.04

101.20

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.23

0.17

0.62

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

7.09

2.26

0.60

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.35

1.15

101.20

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are 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

3.300

7.082

12.842

Reserves & Surplus

0.000

8.781

21.759

Net worth

3.300

15.863

34.601

 

 

 

 

long-term borrowings

1.982

0.340

8.670

Short term borrowings

0.000

15.684

82.429

Total borrowings

1.982

16.024

91.099

Debt/Equity ratio

0.601

1.010

2.633

 

 

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

0.000

192.168

364.431

 

 

89.642

 

 

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

0.000

192.168

364.431

Profit/(Loss)

0.000

1.217

1.456

 

0.63%

0.40%

 

 

 

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

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

Yes

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

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

No

35

Negative Reporting by Auditors in the Annual Report

No

 

CORPORATE INFORMATION:

 

The company is private Limited, incorporated under the provision of the companies Act, 1956 on 16th June 2012. The company is engaged in the business of trading of various commodities like aluminum scrap, iron/steel TMT Bars, Polyester Yarn, Pet Preform etc. the company is catering to domestic business needs.  

 

 

UNSECURED LOANS:

 

Particulars

31.03.2017

INR In Million

31.03.2016

INR In Million

LONG TERM BORROWINGS

 

 

From Directors

8.670

0.340

Total

8.670

0.340

 

 

INDEX OF CHARGE:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

DATE OF SATISFACTION

AMOUNT

ADDRESS

1

C60711520

10583875

BANK OF BARODA

31/07/2015

-

-

140000000.0

SUKHER BRANCHUDAIPURRJ313001IN

 

 

FIXED ASSETS:

 

 

  • Land
  • Computer and printer

 

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 65.07

UK Pound

1

INR 89.85

Euro

1

INR 80.16

 

 

INFORMATION DETAILS

 

Information Gathered by :

SAV

 

 

Analysis Done by :

PRA

 

 

Report Prepared by :

NKTS

 

 

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)

 

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.