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|
MIRA
INFORM REPORT
|
Report No. : |
497680 |
|
Report Date : |
15.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TSL CONSULTING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
253/8, Baner Park, Kumar Paragon Park, House No. 3, Aundh, Pune -411007,
Maharashtra |
|
Tel. No.: |
91-20-66247100 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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|
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Date of
Incorporation : |
06.06.2007 |
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|
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Com. Reg. No.: |
11-130265 |
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|
Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U74140PN2007PTC130265 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCT6789J |
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GSTN : [Goods & Service Tax
Registration No.] |
27AACCT6789J1ZM |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is engaged in the
business of providing sales lead-generation services, marketing consulting and
advisory services and other marketing services such as sales lead tracking,
lead nurturing, providing sales triggers, sales acceleration services, sales
pipeline management, email campaigns, mail campaigns, database and contact
list development, IT enabled etc. (Registered Activity) |
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|
|
|
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 |
|
|
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2007 having satisfactory track record. Management has not filed its financials after 2015 with Registrar of Companies. As per the available financial year 2015, the company has achieved decent growth in its revenue as compared to its previous year along with fair profit margin during the year. The company possesses acceptable financial risk profile marked by adequate net worth base and strong debt protection metrics. However, these rating strengths gets partially offset by non-availability of latest financial record and the company’s presence in highly competitive service industry. Payments seems to be slow but correct. In view of aforesaid, the subject can be considered for business dealing 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.
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 14.03.2018
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 DECLINED
Management non-cooperative (Tel No.:91-20-66247100)
LOCATIONS
|
Registered Office : |
253/8, Baner Park Kumar, Paragon Park, House No. 3, Aundh, Pune -411007,
Maharashtra, India |
|
Tel. No.: |
91-20-66247100 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 2018
|
Name : |
Mr. Vivek Govindrao Bhide |
|
Designation : |
Director |
|
Address : |
B-4/12, Udyog Nagar, Co-Operative Housing Society, Udyog Nagar, Chinchwad, Pune - 411033, Maharashtra, India |
|
Date of Birth/Age : |
29.12.1966 |
|
Date of Appointment : |
06.06.2007 |
|
DIN No.: |
02948698 |
|
|
|
|
Name : |
Mr. David William English |
|
Designation : |
Director |
|
Address : |
706 Banneker Ln Annapolis Md 21401 4567 Annapolis Md 000000 Us |
|
Date of Birth/Age : |
19.06.1972 |
|
Date of Appointment : |
06.06.2007 |
|
DIN No.: |
02963689 |
|
|
|
|
Name : |
Ms. Varsha Vivek Bhide |
|
Designation : |
Director |
|
Address : |
B/4/R, Udyog Nagar, Chinchwad, Pune - 411033, Maharashtra, India |
|
Date of Birth/Age : |
18.02.1972 |
|
Date of Appointment : |
24.05.2011 |
|
DIN No.: |
03534881 |
MAJOR SHAREHOLDERS
As on 30.09.2015
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Varsha Vivek Bhide |
10 |
0.10 |
|
Vivek Govindrao Bhide |
1990 |
19.90 |
|
David William English |
8000 |
80.00 |
|
Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2015
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
20.00 |
|
Promoters [Individual/Hindu Undivided Family - Foreign national (other than NRI)] |
80.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the
business of providing sales lead-generation services, marketing consulting
& advisory services and other marketing services such as sales lead tracking,
lead nurturing, providing sales triggers, sales acceleration services, sales
pipeline management, email campaigns, mail campaigns, database and contact
list development, IT enabled etc. (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 : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Ashish R. Malpani and Company Chartered Accountants |
|
Address : |
Shantai Plaza" 715, Sadashiv Peth, Kumthekar Road, Pune – 411030,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABNPM4602N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
11.690 |
9.695 |
9.159 |
|
(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) |
11.790 |
9.795 |
9.259 |
|
|
|
|
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|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
(0.101) |
0.664 |
0.526 |
|
(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) |
(0.101) |
0.664 |
0.526 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2.531 |
2.499 |
3.284 |
|
(b) Trade
payables |
3.573 |
11.710 |
8.087 |
|
(c) Other
current liabilities |
0.067 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
13.067 |
9.132 |
7.738 |
|
Total Current
Liabilities (4) |
19.238 |
23.341 |
19.109 |
|
|
|
|
|
|
TOTAL |
30.927 |
33.800 |
28.894 |
|
|
|
|
|
|
II.
ASSETS |
|
|
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|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.753 |
6.039 |
4.952 |
|
(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 |
0.000 |
|
(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 |
0.005 |
0.008 |
0.011 |
|
Total Non-Current
Assets |
6.758 |
6.047 |
4.963 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.650 |
7.545 |
12.312 |
|
(c) Trade
receivables |
6.831 |
7.552 |
0.000 |
|
(d) Cash
and cash equivalents |
0.669 |
0.910 |
0.126 |
|
(e)
Short-term loans and advances |
14.259 |
9.386 |
9.137 |
|
(f) Other
current assets |
1.760 |
2.360 |
2.356 |
|
Total
Current Assets |
24.169 |
27.753 |
23.931 |
|
|
|
|
|
|
TOTAL |
30.927 |
33.800 |
28.894 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
65.124 |
|
|
|
|
Other Income |
0.001 |
0.015 |
|
|
|
TOTAL |
65.125 |
52.008 |
48.222 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of
Materials/Services Consumed |
15.658 |
23.173 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
6.896 |
(7.546) |
|
|
|
Employees benefits
expense |
33.856 |
30.039 |
|
|
|
Other expenses |
4.210 |
3.773 |
|
|
|
TOTAL |
60.620 |
49.439 |
43.638 (Including finance and
expenses) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
4.505 |
2.569 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.367 |
0.544 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
4.138 |
2.025 |
4.584 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.356 |
1.179 |
0.996 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.782 |
0.846 |
3.588 |
|
|
|
|
|
|
|
Less |
TAX |
0.786 |
0.310 |
1.109 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.996 |
0.536 |
2.479 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
199.56 |
53.58 |
247.90 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
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 |
|
Net cash flows from (used in) operating activity |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
38.29 |
53.02 |
NA |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
9.53 |
6.88 |
NA |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
83.29 |
184.45 |
NA |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
6.93 |
0.34 |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.67 |
0.43 |
0.93 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.62 |
0.69 |
0.66 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.21 |
0.26 |
0.35 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.63 |
2.38 |
2.06 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.57 |
0.62 |
0.53 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
12.28 |
4.72 |
NA |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
3.06 |
1.03 |
NA |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
6.45 |
1.59 |
8.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
16.93 |
5.47 |
26.77 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.26 |
1.19 |
1.25 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.22 |
0.87 |
0.61 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.38 |
0.29 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
25.31 |
24.99 |
32.84 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.26 |
1.19 |
1.25 |
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 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR In
Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
9.159 |
9.695 |
11.690 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
9.259 |
9.795 |
11.790 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3.284 |
2.499 |
2.531 |
|
Total
borrowings |
3.284 |
2.499 |
2.531 |
|
Debt/Equity
ratio |
0.355 |
0.255 |
0.215 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR In
Million |
INR
In Million |
INR
In Million |
|
Total Income |
48.222 |
52.008 |
65.125 |
|
|
|
7.851 |
25.221 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Total Income |
48.222 |
52.008 |
65.125 |
|
Profit |
2.479 |
0.536 |
1.996 |
|
|
5.14% |
1.03% |
3.06% |
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 |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
No |
|
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 BACKGROUND:
The company was incorporated in India as a Private Limited Company on 06th June, 2007.
The Company is engaged in the business of providing sales lead-generation services, marketing consulting and advisory services and other marketing services such as sales lead tracking, lead nurturing, providing sales triggers, sales acceleration services, sales pipeline management, email campaigns, mail campaigns, database and contact list development, IT enabled etc. to Information Technology companies, organizations institutions and such other technology driven companies.
FUTURE OUTLOOK:
Barring the unforeseen circumstances and the risk and concerns in the market, the management is hopeful to achieve reasonable performance in the financial year 2015-2016. The company is in the process of building up its future strategic plans to withstand against the negative forces, which have a bearing on the overall performance of the company. The directors are confident of maintaining improved performance in the coming years. Your Directors are continuously looking for avenues to take the Company to profitable and accelerated growth.
INDEX OF CHARGES
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
B25223850 |
10317457 |
HDFC BANK LIMITED |
09/11/2011 |
- |
- |
1000000.0 |
HDFC BANK HOUSESENAPATI BAPAT MARGLOWER PAREL WEST MUMBAI-400013 MAHARASHTRA INDIA |
FIXED ASSETS
- Software
- Computer
- L G Ref
- Furniture and
Fixture
- Mobile
- UPS
- Car
- Air
conditioner
- Office
Equipment
- Network
Switch
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 65.10 |
|
|
1 |
INR 79.59 |
|
Euro |
1 |
INR 90.45 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.