MIRA INFORM REPORT

 

 

Report No. :

497642

Report Date :

13.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

INESH ACCERRO LIMITED (w.e.f. 02.04.2014)

 

 

Formerly Known As :

AASTHA ACERRO LIMITED

 

 

Registered Office :

Unit No. 404, 4th Floor Main Frame Premises Co-Operative Society Limited, Royal Palm Estate, Near Aarey Colony, Goregaon (East), Mumbai – 400065, Maharashtra

Tel. No.:

91-22-40100572

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

01.05.2013

 

 

Com. Reg. No.:

11-242759

 

 

Capital Investment / Paid-up Capital :

INR 140.000 Million

 

 

CIN No.:

[Company Identification No.]

U27100MH2013PLC242759

 

 

IEC No.:

[Import-Export Code No.]

0316905640

 

 

PAN No.:

[Permanent Account No.]

AALCA5556B

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AALCA5556B1ZQ

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Trader of Iron and Steel Products, Aluminium Products, Ferrous and Non Ferrous Metals, Fabrics, Marble and Granite, Dental Equipments, Coal and Electrical Products. (Confirmed by management)

 

 

No. of Employees :

7 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct  

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2013 and it is a trader of iron and steel products, aluminium products, ferrous and non ferrous metals, fabrics, marble and granite, dental equipments, coal and electrical products

 

As per financials of March 2017, the company has registered healthy growth in its revenue but has reported a minimal profit margin of 0.01%.

 

Rating takes into consideration the company’s limited track record of business operations along with low reserves and average liquidity position.

 

Rating is further constrained on account of company’s presence in highly competitive nature of business and exposure of its profitability to volatility in raw material prices.

 

However, rating weakness is partially offset by healthy capital base of the company.

 

Payments seems to be slow but correct.

 

In view of the aforesaid, the company can be considered for business dealings with some caution.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2016.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 13.03.2018

 

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. Rajiv Ranjan

Designation :

Additional Director

Contact No.:

91-9611012929

 

 

LOCATIONS

 

Registered Office/ Head Office :

Unit No. 404, 4th Floor Main Frame Premises Co-Operative Society Limited, Royal Palm Estate, Near Aarey Colony, Goregaon (East), Mumbai – 400065, Maharashtra, India

Tel. No.:

91-22-40100572/28710183

Mobile No.:

91-9611012929 (Mr. Rajiv Ranjan)

Fax No.:

Not Available

E-Mail :

info@ineshgroup.com

Area :

1800 sq. ft.

Location :

Rented

Locality :

Commercial

 

 

Godown:

D-1/014, Print World Industrial Complex, Vehele Road, Mankoli Naka, Bhiwandi Thane, Maharashtra, India

 

Branch Offices :

Located at :

 

·         Hyderabad

·         Delhi

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Ajay Singh Chauhan

Designation :

Director

Address :

C-1404, Indra Nagar, Lucknow - 226016, Uttar Pradesh, India

Date of Birth/Age :

12.06.1967

Qualification :

B.Com

Date of Appointment :

11.11.2014

DIN No.:

02047112

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U45200TG1997PLC028322

TOTEM INFRASTRUCTURE LIMITED

01/11/2012

-

U45400UP2013PTC055092

SHRIRIDDHI INFRABUILD PRIVATE LIMITED

01/03/2013

-

 

 

Name :

Mr. Rajiv Ranjan

Designation :

Additional Director

Address :

No 48 C.S.B Layout, Kasavanahalli Second Floor, Bangalore - 560037, Karnataka, India

Date of Birth/Age :

22.12.1983

Qualification :

Graduate

Date of Appointment :

21.12.2015

PAN No.:

AOZPR1101E

DIN No.:

07362209

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U72900KA2000PTC027940

ORBIT MULTITECH PRIVATE LIMITED (ALTERATION)

14/01/2017

-

U52609MH2017PTC293975

GARAMOND TRADING PRIVATE LIMITED

10/10/2017

-

AAE-0104

OM ADHIRATH PROPERTIES LLP

22/08/2016

20/01/2017

 

 

Name :

Mr. Bipin Jha

Designation :

Additional Director

Address :

Room No.10, Savitri Sadan, Jai Jivdani Darshan Chawl, Jivdani Cross Road, Vasai, Thane – 401305, Maharashtra, India

Date of Birth/Age :

17.03.1986

Date of Appointment :

27.06.2017

DIN No.:

07655150

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U72900KA2000PTC027940

ORBIT MULTITECH PRIVATE LIMITED (ALTERATION)

14/01/2017

-

U52609MH2017PTC293975

GARAMOND TRADING PRIVATE LIMITED

10/10/2017

-

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

 

No. of Shares

Percentage

Mohit Agarwal                     

24000

0.1714

Shilpa Agarwal                    

24000

0.1714

Hari Prasad                             

500

0.0036

Deepak Kumar Agarwal           

500

0.0036

Shubham Agarwal                    

500

0.0036

Maladevi Agarwal                    

490

0.0035

Anuj Kumar Moda                     

10

0.0001

Efficacious Fin-serve Private Limited, India    

12500

0.0893

Vickaash Agarwal

13937500

99.5535

Total

14000000

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Iron and Steel Products, Aluminium Products, Ferrous and Non Ferrous Metals, Fabrics, Marble and Granite, Dental Equipments, Coal and Electrical Products. (Confirmed by management)

 

 

Products:

·         Iron and Steel Products

·         Aluminium Products

·         Ferrous and Non Ferrous Metals

·         Fabrics

·         Marble

·         Granite

·         Dental Equipment

·         Coal and Electrical Products

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

Selling :

Cash, Credit (30/60 Days)

 

 

Purchasing :

Cash, Credit (30/60 Days)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Aradhya Steel Private Limited

Name of the Person with Designation:

Mr. Nagraj (Accountant)

Contact No.:

91-9738862631/ 8032479533

Since How Long Known :

3 Years

Maximum Limit Dealt :

--

Experience :

Payment Behaviour

Market Goodwill

Overall

Good

Good

Good

Remark:

They gave us positive response about the subject company. They are satisfied their payment behaviour 

 

 

Customers :

 

Reference :

Forward Exports Private Limited

Name of the Person with Designation:

Mr. Rathidranath Majumder (Director)

Contact No.:

91-8971574656

Since How Long Known :

2 Years

Maximum Limit Dealt :

--

Experience :

Product Quality

Delivery Behaviour

Overall

Good

Good

Good

Remark:

They gave us positive response about subject company they are satisfied with their product quality and delivery behaviour

 

 

No. of Employees :

7 (Approximately)

 

 

Bankers :

Bank Name

Kotak Mahindra Bank Limited

Branch

C-12, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India

Person Name (With Designation)

Mr. Amit (Manager)

Contact Number

91-9820845874

Name of Account Holder

Inesh Accerro Limited

Account Number

--

Account Since (Date/Year of Account Opening)

2 Years

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

Current Account

Account Operation

Satisfactory

Remarks (If any)

Banker gave us positive feedback about the subject company.

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Short-term borrowings

 

 

From Bank

3.182

0.000

Total

3.182

0.000

 

Auditors :

 

Name :

Mukesh M. Choksi and Company

Chartered Accountants

Address :

Block H, Shri Sadashiv CHS, 6th Road, Ground Floor, Santacruz (East), Mumbai – 400055, Maharashtra, India

Tel. No.:

91-22-26118797/26150520

Fax No.:

91-22-26150520

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

AAAPC7767J

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

15000000

Equity Shares

INR 10/- each

INR 150.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

14000000

Equity Shares

INR 10/- each

INR 140.000 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

140.000

39.705

0.625

(b) Reserves & Surplus

0.644

4.124

0.055

(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)

140.644

43.829

0.680

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

9.904

7.573

19.723

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

2.155

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

12.059

7.573

19.723

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

3.182

0.000

0.000

(b) Trade payables

1312.266

416.876

422.355

(c) Other current liabilities

201.467

0.000

0.146

(d) Short-term provisions

0.218

3.387

19.446

Total Current Liabilities (4)

1517.133

420.263

441.947

 

 

 

 

TOTAL

1669.836

471.665

462.350

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

7.764

6.479

0.000

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

6.684

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.453

0.453

0.453

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

8.217

6.932

7.137

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

227.119

17.510

0.014

(c) Trade receivables

1040.906

397.165

424.655

(d) Cash and cash equivalents

15.155

4.287

2.334

(e) Short-term loans and advances

230.196

45.771

28.210

(f) Other current assets

148.243

0.000

0.000

Total Current Assets

1661.619

464.733

455.213

 

 

 

 

TOTAL

1669.836

471.665

462.350

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

7611.541

1308.706

597.779

 

Other Income

7.353

0.201

7.654

 

TOTAL

7618.894

1308.907

605.433

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchases of Traded Goods

7797.876

1308.381

596.767

 

(Increase)/ Decrease in Stock

(215.309)

(17.509)

0.000

 

Employees benefits expense

1.745

0.825

2.265

 

Other administrative expenses

30.863

8.910

6.317

 

TOTAL

7615.175

1300.607

605.349

 

 

 

 

 

 

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

3.719

8.300

0.084

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.448

0.563

0.004

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

3.271

7.737

0.080

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

2.529

1.680

0.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

0.742

6.057

0.080

 

 

 

 

 

Less

TAX

0.215

1.988

0.025

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

0.527

4.069

0.055

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

0.04

1.02

0.89

 

 

 

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

(95.487)

(24.630)

NA

Net cash flow from/(used in) operating activities

(95.487)

(24.630)

25.809

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

49.92

110.77

259.29

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

7.31

3.30

1.41

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

61.42

116.30

258.32

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.02

0.47

6.00

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.48

1.28

0.01

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.91

0.91

1.00

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.09

0.17

29.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

10.79

9.59

649.92

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.06

0.15

9.83

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

8.30

14.74

21.00

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

0.01

0.31

0.01

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

0.03

0.86

0.01

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

0.37

9.28

8.09

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.10

1.11

1.03

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.95

1.06

1.03

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.08

0.09

0.00

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.09

0.19

31.56

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.10

1.11

1.03

 

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

0.625

39.705

140.000

Reserves & Surplus

0.055

4.124

0.644

Net worth

0.680

43.829

140.644

 

 

 

 

Long Term borrowings

19.723

7.573

9.904

Short Term borrowings

0.000

0.000

3.182

Total borrowings

19.723

7.573

13.086

Debt/Equity ratio

29.004

0.173

0.093

 

 

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

597.779

1308.706

7611.541

 

 

118.928

481.608

 

 

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

597.779

1308.706

7611.541

Profit/ (Loss)

0.055

4.069

0.527

 

0.01%

0.31%

0.01%

 

 

 

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

Yes

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

Yes

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

long-term borrowings

 

 

From others

NA

7.573

Total

NA

7.573

 

 

INDEX OF CHARGE:

 

S

No

SRN

Charge Id

Charge Holder Name

Date of Creation

Amount

Address

1

G32474272

100071575

Vijaya Bank

13/07/2016

3500000.0

Worli, Mumbai – 400018, Maharashtra, India

 

 

FIXED ASSETS

 

 

 

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 65.08

UK Pound

1

INR 89.85

Euro

1

INR 80.16

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

VIV

 

 

Report Prepared by :

JYTK

 

 

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.