MIRA INFORM REPORT

 

 

Report No. :

499522

Report Date :

23.03.2018

 

 

 

 

IDENTIFICATION DETAILS

 

Name :

PERI (INDIA) PRIVATE LIMITED                   

 

 

Registered Office :

1406, DLH Park, S. V. Road, Goregaon (West), Mumbai – 400062, Maharashtra

Tel. No.:

91-22-33717400/28767400

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

28.12.2006

 

 

Com. Reg. No.:

11-166570

 

 

Capital Investment / Paid-up Capital :

INR 6.000 Million

 

 

CIN No.:

[Company Identification No.]

U74999MH2006PTC166570

 

 

IEC No.:

[Import-Export Code No.]

0306089106

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMP23077F

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AAECP4115E2ZQ

 

 

PAN No.:

[Permanent Account No.]

AAECP4115E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The business of designing, developing and trading, renting of all types of formwork and platform system to be used for all types of construction and related engineering an in connection therewith to act as agent, representatives, concessionaires, advisors, consultants and generally to provide assistance, render services relating to import and export of goods and services and in international trade. (Registered activity)

 

 

No. of Employees :

Information declined by the management

 

 

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 is a subsidiary of “Peri GmbH” Germany. It was incorporated in the year 2006 and it is a manufacturer, importer and exporter of all type of formwork and platform systems to be used for construction and engineering related work.

 

As per financials of March 2017, the company has registered sharp decline in its revenue as compared to its previous year’s revenue and has reported losses.

 

Rating takes into consideration the company’s moderate financial risk profile along with negative reserves level and unfavourable gap between its trade payables to its trade receivables.

 

However, rating weakness partially offset by strong financial and managerial support received from its holding entity and well experienced management team.

 

Payments seems to be slow but correct.

 

In view of aforesaid, the subject 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.

 

 

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 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 DENIED

 

MANAGEMENT NON-COOPERATIVE: Tel. No.: 91-22-28767400

 

Tel. No.: 91-22-33717400 – Not Working

 

 

LOCATIONS

 

Registered Office/Head Office :

1406, DLH Park, S. V. Road, Goregaon (West), Mumbai – 400062, Maharashtra, India 

Tel. No.:

91-22-33717400/28767400

Fax No.:

91-22-28722991

E-Mail :

dilip.mody@peri.in

info@peri.in

akshara.jain@peri.in

Website :

www.peri.in

 

 

Bangalore office :

109, Westminster, 13, Cunningham Road, Opposite Reliance Digital, Bangalore -560 052, Karnataka.

 

 

Stockyard:

I/1, Globe Complex, Anjur Phata Road, Opposite Manas Filling Station,
Bhiwandi, Thane – 421308, Maharashtra, India

 

 

Delhi office:

Unit No : 820, DLF Trade tower, A, Jasola District Center, Delhi – 110025, India

 

 

Southern India Office:

Plot No,11 - Second Floor, Chowdry Nagar, Ist Street , Valasaravakkam, Chennai-600 087, Tamilnadu, India

 

(44) 42024792

 

 

 

DIRECTORS

 

As on 31.03.2017

 

Name :

Mr. Rajkumar Ishwarlal Lakhani

Designation :

Managing Director

Address :

A/39, Samrajaya, Akota, Munjmahuda Road, Vadodara – 390020, Gujarat, India

Date of Appointment :

15.05.2017

DIN No.:

01320229

 

 

Name :

Mr. Bernd Heinz Wilhelm Kieslich

Designation :

Director

Address :

Sea View, 35 Amber Road 22-14, Singapore 439945, Deutsch.

Date of Appointment :

30.06.2014

DIN No.:

06699645

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

%age

Peri GmbH, Germany

59000

98.33

Peri PSS GmbH, Germany

1000

1.67

Total

60000

100.00

 

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 29.09.2017

 

Category

Percentage

Promoter - Bodies corporate

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

The business of designing, developing and trading, renting of all types of formwork and platform system to be used for all types of construction and related engineering an in connection therewith to act as agent, representatives, concessionaires, advisors, consultants and generally to provide assistance, render services relating to import and export of goods and services and in international trade. (Registered activity)

 

 

Products :

Item Code No.

Product Description

4659

Supplier of Formwork and Scaffolding equipments

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

 

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

Information declined by the management

 

 

Bankers :

Bank Name

Deutsche Bank

Branch

Deutsche Bank House, Hazarimal Somani Marg, Fort, Mumbai – 400001, Maharashtra, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

 

Facilities :

Secured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Indian rupee loan from Banks

0.335

1.279

(1. Term Lon represent car loan taken from HDFC Bank.

2. Loan is secured by hypothecation of the vehicle in respect of which the loan have been taken.

3. Car loan us repayable in 60 equal monthly installment from the date of the loan viz. September 2013

4. The amount payable is INR 0.085 Million per month including interest.)

 

 

 

 

 

 

 

 

Short-term borrowings

 

 

Overdraft facility from banks

7.604

4.985

(The Overdraft facility availed from Deusche Bank is secured by guarantee from holding company Peri GmbH)

 

 

 

 

 

Total

7.939

6.264

 

Auditors :

 

Name :

SRBS and Company LLP

Chartered Accountants

Address :

5th Floor, Block B2, Nirlon Knowledge Park, Off Western Express Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India

Tel. No.:

91-22-61920000

Fax No.:

91-22-61923000

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

ACHFS9117R

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company :
  • Peri GmbH, Germany

 

 

Fellow Subsidiary:
  • Peri LLC, Dubai
  • Peri Asia Pte. Limited
  • Peri Cimbras Y Andamios, S.A. DE C.V.
  • Peri Formwork S A U
  • Peri Panama Inc
  • Peri Qatar
  • Peri Limited, UK
  • Peri Formwork System INC
  • Peri Japan K.K

 

 

 

CAPITAL STRUCTURE

 

After 29.09.2017

 

Authorised Capital : INR 280.000 Million

 

Issued, Subscribed & Paid-up Capital : INR 277.318 Million

 

 

As on 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

200000

Equity Shares

INR 100/- each

INR 20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

60000

Equity Shares

INR 100/- each

INR 6.000 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2017

31.03.2016

(15 Months)

31.12.2014

(12 Months)

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

6.000

6.000

6.000

(b) Reserves & Surplus

(97.730)

20.970

0.700

(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)

(91.730)

26.970

6.700

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.335

1.279

2.340

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

3.239

2.598

0.907

Total Non-current Liabilities (3)

3.574

3.877

3.247

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

7.604

4.985

1.540

(b) Trade payables

855.383

648.839

342.423

(c) Other current liabilities

79.305

72.095

63.671

(d) Short-term provisions

0.224

0.551

9.900

Total Current Liabilities (4)

942.516

726.470

417.534

 

 

 

 

TOTAL

854.360

757.317

427.481

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

205.066

82.156

38.820

(ii) Intangible Assets

2.901

3.899

4.040

(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

22.267

17.189

13.364

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

230.234

103.244

56.224

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

415.616

281.981

129.155

(c) Trade receivables

145.060

323.723

225.233

(d) Cash and cash equivalents

1.025

4.505

1.013

(e) Short-term loans and advances

62.425

43.864

15.856

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

624.126

654.073

371.257

 

 

 

 

TOTAL

854.360

757.317

427.481

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

(15 Months)

31.12.2014

(12 Months)

 

SALES

 

 

 

 

Income

452.286

878.044

770.244

 

Other Income

62.061

4.039

35.789

 

TOTAL

514.347

882.083

806.033

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

0.000

0.000

0.000

 

Purchases of Stock-in-Trade

470.967

763.306

580.044

 

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

(133.634)

(152.826)

(40.431)

 

Employees benefits expense

63.374

71.863

48.571

 

Other expenses

134.202

124.980

145.796

 

TOTAL

534.909

807.323

733.980

 

 

 

 

 

 

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

(20.562)

74.760

72.053

 

 

 

 

 

Less

FINANCIAL EXPENSES

20.182

15.408

12.612

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(40.744)

59.352

59.441

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

77.957

44.118

10.016

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

(118.701)

15.234

49.425

 

 

 

 

 

Less

TAX

0.000

(5.036)

9.718

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

(118.701)

20.270

39.707

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

14.570

(5.700)

(45.407)

 

 

 

 

 

 

Balance Carried to the B/S

(104.131)

14.570

(5.700)

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

33.403

151.332

168.279

 

TOTAL EARNINGS

33.403

151.332

168.279

 

 

 

 

 

 

IMPORTS

 

 

 

 

Traded Goods

443.717

491.978

342.831

 

Capital Goods

0.000

0.224

12.027

 

TOTAL IMPORTS

443.717

492.202

354.858

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

(1978.34)

337.84

661.79

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

(15 Months)

31.12.2014

(12 Months)

Current Maturities of Long term debt

0.944

0.859

1.060

Cash generated from operations

200.688

77.441

(31.654)

Net cash flow from operating activity

199.226

68.013

(31.904)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

(15 Months)

31.12.2014

(12 Months)

Average Collection Days

(Sundry Debtors / Income * 365 Days)

117.07

134.57

106.73

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.12

2.71

3.42

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

662.92

310.26

215.47

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

(0.05)

0.27

0.56

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

(0.10)

0.87

1.68

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

(15 Months)

31.12.2014

(12 Months)

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

1.10

0.96

0.98

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

(0.10)

0.26

0.74

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

(10.27)

26.94

62.32

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

(2.27)

3.19

6.40

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

(1.02)

4.85

5.71

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

(15 Months)

31.12.2014

(12 Months)

Net Profit Margin

((PAT / Sales) * 100)

%

(26.24)

2.31

5.16

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

(13.89)

2.68

9.29

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

129.40

75.16

592.64

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

(15 Months)

31.12.2014

(12 Months)

Current Ratio

(Current Assets / Current Liabilities)

0.66

0.90

0.89

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

0.22

0.51

0.58

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

(0.11)

0.04

0.02

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

1.48

1.19

0.82

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

0.66

0.90

0.89

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

31.12.2014

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

6.000

6.000

6.000

Reserves & Surplus

0.700

20.970

(97.730)

Share Application money pending allotment

0.000

0.000

0.000

Net worth

6.700

26.970

(91.730)

 

 

 

 

Long Term borrowings

2.340

1.279

0.335

Short Term borrowings

1.540

4.985

7.604

Current Maturities of Long term debt

1.060

0.859

0.944

Total borrowings

4.940

7.123

8.883

Debt/Equity ratio

0.737

0.264

(0.097)

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.12.2014

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

770.244

878.044

452.286

 

 

13.996

(48.489)

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.12.2014

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

770.244

878.044

452.286

Profit/ (Loss)

39.707

20.270

(118.701)

 

5.16%

2.31%

(26.24%)

 

 

 

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

Yes

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

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

Yes

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

 

 

NATURE OF OPERATIONS:

 

Subject was incorporated on December 28, 2006 to carry out the business of designing, developing and trading, renting of all types of formwork and platform system to be used for all types of construction and related engineering an in connection therewith to act as agent, representatives, concessionaires, advisors, consultants and generally to provide assistance, render services relating to import and export of goods and services and in international trade.

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

 

CONTINGENT LIABILITIES:

 

(INR in million)

PARTICULARS

31.03.2017

31.03.2016

Continuity Bond to the Custom Department

0.000

100.000

Income tax matters

11.906

11.906

 

 

FIXED ASSETS

 

  • Leasehold Land
  • Plant and Equipment
  • Rental Assets
  • Mackup Material
  • Office Equipment
  • Furniture and Fixture
  • Vehicles
  • Computer and Peripherals

 

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 65.19

UK Pound

1

INR 91.49

Euro

1

INR 80.46

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

VIV

 

 

Report Prepared by :

SUJ

 

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

YES

--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.