|
|
|
MIRA INFORM REPORT
|
Report No. : |
499437 |
|
Report Date : |
21.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
TRITECH CORPORATION |
|
|
|
|
Registered
Office : |
1st & 2nd Floor, Gajra Chambers, Kamod Nagar, Mumbai - Agra Highway, Nashik – 422009, Maharashtra |
|
Tel No.: |
91-253-2327468 / 69 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
2006 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 43.825 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
3109021536 |
|
|
|
|
VAT/TIN No.: |
27310580371V |
|
|
|
|
Services Tax
No.: |
AAEFT6848DST001 |
|
|
|
|
Central Excise
Duty : |
AAEFT6848DXM001 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAEFT6848D1ZZ |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAEFT6848D |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturing and Exporting of Electrical Isolator, Horizontal Double
Brake Isolater, Vertical Double Brake Isolater, Outdoor Electrical
Disconnector, Operating Boxes etc. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
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 established in the year 2006 as a partnership firm and it
is having satisfactory track records. For the financial year 2017, the firm has increased in its revenue
from operations and maintained decent profitability margin of 9.78%. Rating takes into consideration firm’s sound financial profile marked
by healthy capital base along with average debt balance sheet. The firm also derives strength from its long standing track records of
business operation and healthy improvement in the revenue profile as well as
profitability profile during the year. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view of aforesaid, the firm 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.
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 21.03.2018
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 : |
Ms. Maya Katolkar |
|
Designation : |
Accountant |
|
Contact No.: |
91-253-2327468 |
|
Date : |
21.03.2018 |
LOCATIONS
|
Registered Office : |
1st & 2nd Floor, Gajra Chambers, Kamod Nagar, Mumbai - Agra Highway, Nashik – 422009, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9422279604 (Mr. Prashant Gorakhnath Jadhav) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
C/o Madanlal Nemichand Parakh, Gajra Warehouse, Gut No-42 / 3 / 1, Shed No-6, Opposite Nirmal Ashram Gurudwara, Mumbai - Agra Highway, Nashik – 422010, Maharashtra, India |
|
Tel No.: |
91-253-2327468 / 69 |
PARTNERS
|
Name : |
Mr. Hemant Madanlal Parakh |
|
Designation : |
Partner |
|
PAN No.: |
ABDPP7672D |
|
|
|
|
Name : |
Mr. Akshay Dhairysilrao Deshmukh |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Prashant Gorakhnath Jadhav |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Ms. Maya Katolkar |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of Electrical Isolator, Horizontal Double Brake
Isolater, Vertical Double Brake Isolater, Outdoor Electrical Disconnector,
Operating Boxes etc. (Confirmed by management) |
|
|
|
|
Products : |
·
Electrical Isolator ·
Horizontal Double Brake Isolater ·
Vertical Double Brake Isolater ·
Outdoor Electrical Disconnector ·
Operating Boxes |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Others (NEFT, RTGS) |
|
|
|
|
Purchasing : |
Others (NEFT, RTGS) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Mangesh Bothra and Associates Chartered Accountants |
|
Address : |
5, Second Floor, Rajvee Enclave, Sharanpur Road, Second Floor, Rajvee
New Pandit Colony, Nashik – 422002, Maharashtra, India |
|
Tel No.: |
91-253-6418328 |
|
Mobile No.: |
91-9423479979 |
|
Email : |
|
|
Membership No.: |
109460 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
Capital Investment : |
Amount (INR In million) |
|
Partner’s Capital |
0.050 |
|
Partner’s Current Account |
43.775 |
|
Total |
43.825 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Partner’s Capital |
|
0.050 |
0.050 |
|
|
2] Partner’s Current Account |
|
43.775 |
19.013 |
|
|
3] Share Application Money |
|
0.000 |
0.000 |
|
|
4] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
5] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
43.825 |
19.063 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
19.133 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
23.233 |
19.133 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
67.058 |
38.196 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
9.211 |
8.552 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
2.235
|
9.620
|
|
|
Sundry Debtors |
|
49.350
|
31.829
|
|
|
Cash & Bank Balances |
|
0.225
|
4.261
|
|
|
Other Current Assets |
|
0.650
|
1.296
|
|
|
Loans, Advances & Deposits |
|
25.500
|
4.551
|
|
Total
Current Assets |
|
77.960
|
51.557
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
18.303
|
20.950
|
|
|
Other Current Liabilities and Provisions |
|
1.810
|
0.963
|
|
Total
Current Liabilities |
|
20.113
|
21.913
|
|
|
Net Current Assets |
|
57.847
|
29.644
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
67.058 |
38.196 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
238.191 |
221.025 |
|
|
Other Income |
|
0.808 |
1.649 |
|
|
TOTAL
|
|
238.999 |
222.674 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
|
155.188 |
170.827 |
|
|
Carting Charges |
|
0.235 |
0.000 |
|
|
Electricity Expenses |
|
1.044 |
1.069 |
|
|
Freight and Insurance Charges |
|
0.359 |
0.000 |
|
|
Advertisement Expenditure |
|
0.008 |
0.031 |
|
|
Arrears (ESIC) |
|
0.009 |
0.000 |
|
|
Audit Fees |
|
0.030 |
0.060 |
|
|
Bonus A/c |
|
1.129 |
0.000 |
|
|
Business Promotion Expenses |
|
0.052 |
0.000 |
|
|
Bad Debts |
|
0.243 |
0.000 |
|
|
Computer Repair and
Maintenance |
|
0.006 |
0.026 |
|
|
Consultancy Charges |
|
0.005 |
0.000 |
|
|
Conveyance Charges |
|
0.003 |
0.000 |
|
|
Courier Expenses |
|
0.046 |
0.000 |
|
|
Cash Discount |
|
0.000 |
0.338 |
|
|
Commission Paid |
|
2.037 |
0.104 |
|
|
Donation |
|
0.005 |
0.000 |
|
|
Employee Welfare Expenses |
|
0.121 |
0.163 |
|
|
Factory license Fee Paid |
|
4.416 |
0.000 |
|
|
Factory Sweeping Charges |
|
0.015 |
0.000 |
|
|
Insurance (Outgoing and
Incoming Material) |
|
0.118 |
0.161 |
|
|
Hotel Expenses |
|
0.000 |
0.108 |
|
|
Insurance Factory (Fire and
Burglary] |
|
0.035 |
0.035 |
|
|
Labour Welfare Expenses |
|
0.244 |
0.214 |
|
|
Legal Charges |
|
0.006 |
0.009 |
|
|
Miscellaneous Expenses |
|
0.042 |
0.054 |
|
|
Postage and Telegram |
|
0.014 |
0.035 |
|
|
Printing and Stationary (GST)
12% |
|
0.060 |
0.077 |
|
|
Professional Charges |
|
0.109 |
0.094 |
|
|
Repair and Maintenance |
|
0.149 |
0.097 |
|
|
Round Off Other |
|
0.001 |
0.000 |
|
|
Salary Expenses |
|
6.967 |
6.197 |
|
|
Telephone Expenses A/c |
|
0.076 |
0.104 |
|
|
Tour and Travelling Expenses |
|
0.510 |
0.355 |
|
|
Interest to Partners |
|
1.660 |
1.608 |
|
|
Salary to Partners |
|
15.000 |
6.138 |
|
|
Other expenses |
|
22.728 |
25.636 |
|
|
TOTAL |
|
212.670 |
213.540 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, DEPRECIATION AND AMORTISATION |
|
26.329 |
9.134 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
1.434 |
1.624 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE, DEPRECIATION AND AMORTISATION |
|
24.895 |
7.510 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
1.598 |
1.372 |
|
|
|
|
|
|
|
|
NET
PROFIT/ (LOSS) |
|
23.297 |
6.138 |
Expected Sales (2017-2018): INR 300.000 Million
The above information has been parted by Ms. Maya Katolkar (Accountant)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
75.62 |
52.56 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
4.83 |
6.94 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
43.05 |
44.76 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
11.78 |
0.95 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
2.86 |
1.07 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.50 |
0.68 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.53 |
1.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.46 |
1.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.21 |
0.45 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
18.36 |
5.62 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
|
9.78 |
2.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
26.73 |
10.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
53.16 |
32.20 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
3.88 |
2.35 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
3.76 |
1.91 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.50 |
0.32 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.53 |
1.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
3.88 |
2.35 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Partners’ Capital |
0.050 |
0.050 |
|
Partner’s Current Account |
19.013 |
43.775 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
19.063 |
43.825 |
|
|
|
|
|
Secured Loans |
|
23.233 |
|
Unsecured Loans |
|
0.000 |
|
Total
borrowings |
19.133 |
23.233 |
|
Debt/Equity
ratio |
1.004 |
0.530 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
221.025 |
238.191 |
|
|
|
7.767 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
221.025 |
238.191 |
|
Profit |
6.138 |
23.297 |
|
|
2.78% |
9.78% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
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 |
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 65.20 |
|
UK Pound |
1 |
INR 91.49 |
|
Euro |
1 |
INR 80.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.