|
|
|
MIRA
INFORM REPORT
|
Report No. : |
499583 |
|
Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
PANKAJ METALS |
|
|
|
|
Registered
Office : |
3/18, A.C. Market, Tardeo Main Road, Mumbai – 400034, Maharashtra |
|
Mobile No.: |
91-22-23522461/ 2/ 3 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
06.06.2005 |
|
|
|
|
Capital
Investment : |
INR 25.498 Million |
|
|
|
|
IEC No.: |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
TIN No.: |
27590384762 |
|
|
|
|
GST No.: |
27AAIFP1763H1Z3 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAIFP1763H |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader of Ferrous and Non-Ferrous Metals. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
20 [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 : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Pankaj Metals is a trader of ferrous and non- ferrous metals. The concern was established in the year 2005 and is based in Mumbai, Maharashtra and it is having a satisfactory track record. As per the available financials of 2017, the concern has witnessed a sharp decline in its revenue from INR 6741.462 million in FY-2016 to INR 4195.75 million, and maintained average profit margin from its operations. But, it has adequate capital position recorded in the books. Rating also considers positive feedback received from its customer (IMP Powers Limited) for satisfactory product quality, supplier (PEL Industries Limited) for good payment behavior and market goodwill and from its banker (Nagpur Nagrik Sahakari Bank Limited) for satisfactory banking transactions. However, these rating strengths are partially offset by risks associated with trading nature of business operations and intense competition from other organized and unorganized players in the industry. Trade relations are reported as fair. Payment seems to be slow but correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
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 23.03.2018
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. Jayesh Shah |
|
Designation : |
Partner |
|
Contact No.: |
91-9820135441 |
|
Date : |
22.03.2018 |
LOCATIONS
|
Registered Office : |
3/18, A.C. Market, Tardeo Main Road, Mumbai – 400034, Maharashtra,
India |
|
Tel. No.: |
91-22-23522461/ 2/ 3 |
|
Mobile No.: |
91-9820135441 (Mr. Jayesh Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
Dapoda Village, Bhiwandi, Maharashtra, India |
|
|
|
|
Branch Office 1: |
Akota Stadium, Near PE Office, Vadodara, Gujarat, India |
|
|
|
|
Branch Office 2: |
301, Aadi Complex, Near PF Office, Akota Stadium Road, Vadodara - 390020, Gujarat, India |
|
|
|
|
Branch Office 3: |
317, A C Market, Tardeo Main Road, Tardeo, Mumbai – 400034, Maharashtra, India |
|
Tel No.: |
91-22-23522463 |
PARTNERS
|
Name : |
Mr. Hiren Shah |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Harakhchand Shah |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Jayesh Shah |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Hitesh Shah |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Trader of Ferrous and Non-Ferrous Metals. (Confirmed by management) |
|
|
|
|
Products/ Services : |
Ferrous and Non-Ferrous Metals |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C, Credit and Others [RTGS] |
|
|
|
|
Purchasing : |
Cash, L/C, Credit and Others [RTGS] |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
||||||||||||||||||||||
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|
|
||||||||||||||||||||||
|
No. of Employees : |
20 [Approximately] |
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
R J Kothari Associates Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
PARTNERS
CAPITAL ACCOUNT AS
ON 31.03.2017
(INR IN MILLION)
|
MR. HARAKHCHAND
SHAH |
|||
|
Particulars |
Amount |
Particulars |
Amount |
|
To Balance C/F |
6.496 |
By Balance B/F |
5.470 |
|
|
|
By Share in profit |
1.013 |
|
|
|
It Refund [AY 16-17] |
0.013 |
|
|
6.496 |
|
6.496 |
|
MR. HIREN SHAH |
|||
|
Particulars |
Amount |
Particulars |
Amount |
|
To Withdrawal |
1.225 |
By Balance B/F |
5.091 |
|
To Balance C/D |
4.893 |
By Share in profit |
1.013 |
|
|
|
It Refund [AY 16-17] |
0.014 |
|
|
6.118 |
|
6.118 |
|
MR. HITESH SHAH |
|||
|
Particulars |
Amount |
Particulars |
Amount |
|
To Balance C/D |
6.116 |
By Balance B/F |
5.090 |
|
|
|
By Share in profit |
1.013 |
|
|
|
It Refund [AY 16-17] |
0.013 |
|
|
6.116 |
|
6.116 |
|
MR. JAYESH SHAH |
|||
|
Particulars |
Amount |
Particulars |
Amount |
|
To Balance C/D |
7.993 |
By Balance B/F |
6.967 |
|
|
|
By Share in profit |
1.013 |
|
|
|
It Refund [AY 16-17] |
0.013 |
|
|
7.993 |
|
7.993 |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Partner's Capital |
25.498 |
22.618 |
20.006 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
25.498 |
22.618 |
20.006 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
98.914 |
68.475 |
36.007 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL
BORROWING |
98.914 |
68.475 |
36.007 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
124.412 |
91.093 |
56.013 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.850 |
1.002 |
1.102 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.767 |
1.767 |
1.017 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.988 |
0.000 |
0.113 |
|
|
Sundry Debtors |
801.239 |
221.694 |
223.367 |
|
|
Cash & Bank Balances |
0.048 |
0.085 |
4.736 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.675 |
|
|
Loans & Advances |
1.525 |
0.000 |
0.015 |
|
Total Current Assets |
807.800 |
221.779 |
228.906 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
|
|
|
|
|
Other Current Liabilities |
686.005 |
133.455 |
174.754 |
|
|
Provisions |
|
|
0.258 |
|
Total Current Liabilities |
686.005 |
133.455 |
175.012 |
|
|
Net Current
Assets |
121.795 |
88.324 |
53.894 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
124.412 |
91.093 |
56.013 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Sales |
4195.750 |
6741.462 |
4080.720 |
|
|
Other Income |
0.000 |
0.109 |
0.188 |
|
|
TOTAL |
4195.750 |
6741.571 |
4081.021 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
4164.671 |
6715.079 |
4059.999 |
|
|
Late Payment Charges |
7.600 |
0.000 |
0.000 |
|
|
Conveyance Expenses |
0.000 |
0.005 |
0.011 |
|
|
Courier Expenses |
0.007 |
0.000 |
0.000 |
|
|
Donation |
0.600 |
0.000 |
0.000 |
|
|
Motor Car Insurance |
0.016 |
0.000 |
0.000 |
|
|
Discount and Allowance |
0.000 |
0.015 |
0.000 |
|
|
Education Expenses to
Staff |
0.000 |
0.030 |
0.000 |
|
|
Electricity Charges |
0.000 |
0.022 |
0.009 |
|
|
VAT Paid |
0.000 |
0.000 |
0.002 |
|
|
Interest on LIC Loan |
0.000 |
0.055 |
0.000 |
|
|
Membership Fees |
0.000 |
0.001 |
0.000 |
|
|
Mobile Expenses |
0.000 |
0.012 |
0.000 |
|
|
Motor Car Expenses |
0.032 |
0.016 |
0.067 |
|
|
Office Rent |
0.000 |
0.000 |
0.022 |
|
|
Office Expenses |
0.079 |
0.011 |
0.052 |
|
|
Insurance Paid |
0.000 |
0.000 |
0.020 |
|
|
Freight Charges |
0.000 |
0.000 |
0.003 |
|
|
Petrol and Diesel
Expenses |
0.000 |
0.011 |
0.000 |
|
|
Postage Expenses |
0.000 |
0.000 |
0.002 |
|
|
Salary Expenses |
0.669 |
0.000 |
0.831 |
|
|
Printing and Stationery |
0.000 |
0.023 |
0.023 |
|
|
Round Off |
0.000 |
0.000 |
0.000 |
|
|
Service Tax |
0.702 |
0.051 |
0.000 |
|
|
Remuneration to Partner |
0.000 |
0.900 |
0.960 |
|
|
Shop and Establishment |
0.002 |
0.002 |
0.000 |
|
|
Telephone Charges |
0.011 |
0.028 |
0.021 |
|
|
Travelling Expenses |
0.015 |
0.046 |
0.024 |
|
|
Write off |
(0.006) |
0.000 |
0.000 |
|
|
Miscellaneous Expenses |
0.050 |
0.000 |
0.000 |
|
|
Legal Fees |
0.042 |
0.026 |
0.000 |
|
|
Professional Fees |
0.419 |
0.164 |
0.194 |
|
|
Wages Paid |
0.000 |
0.580 |
0.000 |
|
|
Franking Expenses |
0.001 |
0.003 |
0.001 |
|
|
Processing Charges |
0.000 |
0.000 |
0.183 |
|
|
LC Discounting Charges |
3.710 |
0.000 |
9.385 |
|
|
Professional Charges |
0.000 |
0.400 |
0.000 |
|
|
Interest on Car Loan |
0.059 |
0.093 |
0.040 |
|
|
Renewal Fees |
0.150 |
0.000 |
0.000 |
|
|
Rent Rates and Taxes |
0.066 |
0.000 |
0.000 |
|
|
Repairs and Maintenance |
0.023 |
0.000 |
0.000 |
|
|
Stamp Duty and
Registration Fees |
0.000 |
0.240 |
0.000 |
|
|
Cash Discount (Selling
Expenses) |
0.000 |
11.600 |
0.000 |
|
|
Brokerage Expenses |
6.153 |
0.635 |
0.192 |
|
|
Transport Charges |
0.147 |
0.739 |
0.000 |
|
|
TOTAL |
4185.218 |
6730.787 |
4072.154 |
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, DEPRECIATION AND AMORTISATION |
10.532 |
10.784 |
8.867 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.327 |
3.834 |
4.978 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION
|
4.205 |
6.950 |
3.889 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.153 |
0.186 |
0.104 |
|
|
|
|
|
|
|
|
NET PROFIT |
4.052 |
6.764 |
3.785 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
69.70 |
12.00 |
19.98 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.24 |
30.41 |
18.27 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
2.11 |
0.00 |
78.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
12.39 |
10.76 |
8.05 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.97 |
0.90 |
0.91 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
3.88 |
3.03 |
1.80 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
26.90 |
5.90 |
8.74 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.03 |
0.04 |
0.06 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.66 |
2.81 |
1.78 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.10 |
0.10 |
0.09 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.50 |
3.01 |
1.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
15.89 |
29.91 |
18.92 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.18 |
1.68 |
1.32 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.17 |
1.68 |
1.32 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.03 |
0.10 |
0.09 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.88 |
3.03 |
1.80 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.18 |
1.68 |
1.32 |
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
|
Particulars |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Capital Account |
20.006 |
22.618 |
25.498 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
20.006 |
22.618 |
25.498 |
|
|
|
|
|
|
Secured Loans |
36.007 |
68.475 |
98.914 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
36.007 |
68.475 |
98.914 |
|
Debt/Equity
ratio |
1.800 |
3.027 |
3.879 |
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 |
4080.720 |
6741.462 |
4195.750 |
|
|
|
65.203 |
(37.762) |
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 |
4080.720 |
6741.462 |
4195.750 |
|
Profit/ (Loss) |
3.785 |
6.764 |
4.052 |
|
|
0.09% |
0.10% |
0.10% |
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) |
No |
|
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 |
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,
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.06 |
|
|
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
RUP |
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.
·