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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

497334

Report Date :

13.03.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

RHYTHMSOFT ROBOTICS AND AUTOMATIONS PRIVATE LIMITED

 

 

Registered Office :

Plot No 113, MIDC, Satpur, Nashik – 422007, Maharashtra

Mobile No.:

91-9225817794 (Mr. Pritish Shrikrishna Chandratre)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

28.04.2005

 

 

Com. Reg. No.:

11-152887

 

 

Capital Investment / Paid-up Capital :

INR 5.000 Million

 

 

CIN No.:

[Company Identification No.]

U30009MH2005PTC152887

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AADCR0194G

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of robotics, automations and handling equipment. [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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in the year 2005. The company is a manufacturer of robotics, automations and handling equipments.

 

As per the financial records of 2017, the company has achieved a decent growth of 63.34% in its revenue as compared to the previous year’s revenue and has reported an average profitability margin of 3.81%.

 

The satisfactory financial position of the company is reflected by adequate net worth base along with strong debt coverage indicator due to low debt balance sheet profile and fair liquidity position.

 

Business is active. Payment seems to be usually correct.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

 

NOTES :

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

 

EXTERNAL AGENCY RATING

 

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 DENIED BY

 

Name :

Mr. Pritish Shrikrishna Chandratre

Designation :

Wholetime Director

Contact No.:

91-9225817794

Date :

13.03.2018

 

 

LOCATIONS

 

Registered Office/ Head Office / Factory 1  :

Plot No 113, MIDC, Satpur, Nashik – 422007, Maharashtra, India

Tel. No.:

91-253-2351442/43

Mobile No.:

91-9225817794 (Mr. Pritish Shrikrishna Chandratre)

Fax No.:

91-253-2361443

E-Mail :

chandratre.vasudha@rhythmsoftindia.com

rhythmsoft@gmail.com

sales@rhythmsoftindia.com

Website :

www.rhythmsoftindia.com

 

 

Factory 2 :

Plot 79‚ STICE‚ Musalgaon‚ Sinnar‚ Nasik -422 112‚ Maharashtra, India

 

 

Branch Office:

Shop No.2, Ground Floor, CDC Plot No.89 Dwaraka Apartment Condominium
Shri Krushna Classic, Building No. B, Chikhali, Pune, Maharashtra, India

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Pritish Shrikrishna Chandratre

Designation :

Wholetime Director

Address :

103, Royal Homes, Canada Corner, Behind Silver Plaza, Nasik -422005, Maharashtra, India

Date of Birth/Age :

14.05.1973

Date of Appointment :

07.12.2015

DIN No.:

01349961

 

 

Name :

Mrs. Vasudha Pritish Chandratre

Designation :

Wholetime Director

Address :

103, Royal Homes, Canada Corner, Behind Silver Plaza, Nasik -422005, Maharashtra, India

Date of Birth/Age :

24.08.1973

Date of Appointment :

07.12.2015

DIN No.:

01359552

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Pritish Shrikrishna Chandratre

488600

97.72

Vasudha Pritish Chandratre

11400

2.28

Total

500000

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2017

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

100.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of robotics, automations and handling equipment. [Registered Activity]

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

 

 

GENERAL INFORMATION

 

Suppliers :
  • ACI Engineers
  • Eines Systems
  • AAA Industries
  • Arihant Sales Corporation
  • Arihant Elsys Private Limited
  • Arvind Industries
  • Arvlnd Metals
  • Asian Industries
  • Aumsai Coating Private Limited
  • Bagul Bending Works
  • BK Engineering

 

Reference :

Creative Engineers

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :
  • Agro engineering Works
  • Ford India Private Limited 
  • Tata Motors
  • Veegee Kaushiko Engg Private Limited 
  • Sparkline Equipment’s Private Limited 
  • TAL Manufacturing solution Private Limited 
  • Weldcon India Limited

 

Reference :

Ashok Leyland 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 :

Union Bank of India

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 :

--

 

  • ICICI Bank Limited

 

 

Facilities :

(INR In Million)

BORROWING

As on

31.03.2017

As on

31.03.2016

LONG TERM BORROWING

 

 

Loans and advances from related parties

 

 

Pritish Shrikrishna Chandratre

0.000

0.584

Silverline Engineering and Consultancy

1.000

1.000

Rhythmsoft Engineering and

1.100

1.100

Loan from Kotak Mahindra Bank Limited

 

(of the above, INR Nil is guaranteed by Directors and / or others)

 

Terms of Repayment: 36 Equated Monthly Instalments

0.212

0.969

Loan from Magna Fincorp Limited

 

(of the above, INR Nil is guaranteed by Directors and / or others)

 

Terms of Repayment: 36 Equated Monthly Instalments

1.362

2.273

Loan from Religare

 

(of the above, INR Nil is guaranteed by Directors and / or others)

 

Terms of Repayment: 36 Equated Monthly Instalments

0.519

2.422

Loan from ICICI bank

 

(of the above, INR Nil is guaranteed by Directors and I or others)

 

Terms of Repayment: 36 Equated Monthly Instalments

0.198

1.340

Car Loan from Diamler Financial Services Private Limited

 

(at the above, INR Nil is guaranteed by Directors and / or others)

 

Terms of Repayment: 36 Equated Monthly

Instalments

7.693

9.120

Car Loan ICICI Bank Limited

3.493

0.000

Maaphari Mercantilas Private Limited

2.500

2.500

Non Current Advances Received From Customer

Mahindra and Mahindra Limited Nashik

                0.000

1.100

SHORT TERM BORROWING

 

 

Loans repayable on demand from banks

 

Cash Credit from Union Bank of India

 

(Working capital limit is secured against hypothecation of raw materials, finished good, work in progress, sundry debtors, personal guarantee of all directors and against existing machinery and mortgage of land and building at Plot No. 79, Gat No. 934 to 941 and 945 in Cooperative Industrial Estate, Sinnar)

 

(Of the above, INR 7.000 million cash credit is guaranteed by directors)

3.189

0.000

Total

21.266

22.408

 

Auditors :

 

Name :

D Y K and Company

Chartered Accountants

Address :

01,Sanket Apartment, Hotel SSK Raj Sweet Link Road, Near Chandak Circle, Tidke Colony, Nashik – 422002, Maharashtra, India

Tel. No.:

91-253-2318059

Mobile No.:

91-9881243588

E-Mail :

caybpagar@gmail.com

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

AALFD6123E

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

--

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

INR 10/- each

INR 5.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

500000

Equity Shares

INR 10/- each

INR 5.000 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

5.000

5.000

5.000

(b) Reserves & Surplus

38.642

30.724

29.766

(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)

43.642

35.724

34.766

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

18.077

22.408

23.658

(b) Deferred tax liabilities (Net)

1.003

0.899

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)

19.080

23.307

23.658

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

3.189

0.000

0.000

(b) Trade payables

38.965

40.359

16.004

(c) Other current liabilities

26.505

47.681

52.132

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

68.659

88.040

68.136

 

 

 

 

TOTAL

131.381

147.071

126.560

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

45.118

40.991

46.561

(ii) Intangible Assets

0.922

0.804

1.211

(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

0.000

(c) Deferred tax assets (net)

0.000

0.000

0.041

(d)  Long-term Loan and Advances

9.560

0.813

1.023

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

55.600

42.608

48.836

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

17.224

52.304

26.067

(c) Trade receivables

39.374

29.018

23.355

(d) Cash and cash equivalents

12.155

14.220

22.961

(e) Short-term loans and advances

7.028

8.921

5.341

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

75.781

104.463

77.724

 

 

 

 

TOTAL

131.381

147.071

126.560

 

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

208.005

127.344

185.043

 

Other Income

1.866

1.433

2.252

 

TOTAL

209.871

128.777

187.295

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

139.484

75.299

107.837

 

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

(0.934)

(8.500)

1.550

 

Employees benefits expense

27.432

24.654

24.220

 

Other expenses

24.286

19.696

27.034

 

TOTAL

190.268

111.149

160.641

 

 

 

 

 

 

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

19.603

17.628

26.654

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.804

4.712

4.623

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

18.799

12.916

22.031

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

6.717

8.083

6.096

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

12.082

4.833

15.935

 

 

 

 

 

Less

TAX

4.164

3.758

5.309

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

7.918

1.075

10.626

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

15.84

2.15

21.20

 

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

NA

NA

NA

 

 

 

 

Net cash flows from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

69.09

83.17

46.07

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

5.28

4.39

7.92

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

101.96

195.63

54.17

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.14

0.34

1.02

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.43

0.42

0.56

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.66

0.75

0.73

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.49

0.63

0.68

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

1.57

2.46

1.96

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

1.05

1.17

1.37

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

24.38

3.74

5.77

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

3.81

0.84

5.74

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

6.03

0.73

8.40

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

18.14

3.01

30.56

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.10

1.19

1.14

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.85

0.59

0.76

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.33

0.24

0.27

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

4.25

4.48

4.73

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.10

1.19

1.14

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

5.000

5.000

5.000

Reserves & Surplus

29.766

30.724

38.642

Share Application money pending allotment

0.000

0.000

0.000

Net worth

34.766

35.724

43.642

 

 

 

 

Long Term borrowings

23.658

22.408

18.077

Short Term borrowings

0.000

0.000

3.189

Total borrowings

23.658

22.408

21.266

Debt/Equity ratio

0.680

0.627

0.487

 

 

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

185.043

127.344

208.005

 

 

(31.181)

63.341

 

 

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

185.043

127.344

208.005

Profit

10.626

1.075

7.918

 

5.74%

0.84%

3.81%

 

 

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

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

 

 

INDEX OF CHARGE:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

AMOUNT

ADDRESS

1

B10780948

90353912

UNION BANK OF INDIA

03/08/2005

07/04/2011

41500000.0

S.M.E. BRANCH, B-50, NICEMIDC SATPURNASHIKMH422007IN

 

 

FIXED ASSETS:

 

  • Land
  • Buildings
  • Plant and Equipment
  • Air Conditioner
  • Printer
  • Electrification
  • Tools and Equipment
  • Solar Systems
  • Dies
  • Furniture and Fixtures
  • Vehicles
  • Office Equipment’s
  • Camera
  • Laptop

 

 

 

 

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 65.02

UK Pound

1

INR 90.12

Euro

1

INR 80.09

 

 

INFORMATION DETAILS

 

Information Gathered by :

PNM

 

 

Analysis Done by :

NYT

 

 

Report Prepared by :

KVT

 

 

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.