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|
|
MIRA
INFORM REPORT
|
Report No. : |
499427 |
|
Report Date : |
23.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
VEEKAY PLAST |
|
|
|
|
Registered
Office : |
F-25-26, Kartarpura Industrial Area, Bais Godam, Jaipur-302006,
Rajasthan |
|
Tel. No.: |
91-141-2211092 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
1996 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 72.969 Million |
|
|
|
|
IEC No.: [Import-Export Code No.] |
1399005073 |
|
|
|
|
TIN No.: |
08062102752 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
08AAAFV9808R1ZA |
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|
|
|
PAN No.: [Permanent Account No.] |
AAAFV9808R |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter of HDPE Sprinkler Systems, HDPE Ducts, MDPE
Pipes, PPR Pipes and Fittings, HDPE Pipes 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 is a partnership firm established in the year 1996. It is a manufacturer and exporter of HDPE Sprinkler Systems, HDPE Ducts, MDPE Pipes, PPR Pipes and Fittings. Mr. Rajendra (Account Department) has provide information about the subject. For the financial year 2017, the firm has achieved a massive growth in its revenue as compared to previous year and has reported an average profit margin of 2.62%. The satisfactory financial profile of the firm is marked by sufficient capital base along with average debt coverage indicators. The rating takes into consideration long established track record of the firm. Trade relations are reported as fair. Business is active. Payment seems to be usually correct. In view of aforesaid, the firm 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
|
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 PARTED BY
|
Name : |
Mr. Rajendra |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9414059340 |
|
Date : |
23.03.2018 |
LOCATIONS
|
Registered Office : |
F-25-26, Kartarpura Industrial Area, Bais Godam, Jaipur-302006,
Rajasthan, India |
|
Tel. No.: |
91-141-2211092 |
|
Mobile No.: |
91-9414059340/9414059018 (Mr. Rajendra) 91-9414059333 (Mr. Vimal) |
|
Fax No.: |
91-141-2215034 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
E-109, Bagru Industrial Area, RIICO Extension Phase 2, Bagru - 303007, Rajasthan, India |
PARTNERS
|
Name : |
Mr. Vimal Katiyar |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mrs. Reema Godika |
|
Designation : |
Partner |
|
PAN No.: |
ABGPG7877E |
|
|
|
|
Name : |
Mr. Vijay Katiyar |
|
Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Rajendra |
|
Designation : |
Accounts Department |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter of HDPE Sprinkler Systems, HDPE Ducts, MDPE
Pipes, PPR Pipes and Fittings, HDPE Pipes etc. (Confirmed by management) |
|
|
|
|
Products : |
·
HDPE Sprinkler Systems ·
HDPE Ducts ·
MDPE Pipes ·
PPR Pipes and Fittings ·
HDPE Pipes |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Asian Countries |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30/60 Days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30/60 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users
|
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||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Bais Godam, Jaipur – 302006,
Rajasthan, India ·
ICICI Bank Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Poonam Jain and Company Chartered Accountants |
|
Address : |
B-131, Sethi Colony, Jaipur-302004, Rajasthan, India |
|
Mobile No.: |
91-9414055220 |
|
Email : |
|
|
Membership No.: |
0713171 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Sister Concern (As confirmed by management): |
Shree Vijay Wire and Cable Industries |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
Partners’ Capital: |
Amount (INR In million) |
|
Vijay Kumar Katiyar |
32.988 |
|
Reema Godika |
20.649 |
|
Vimal Katiyar |
19.332 |
|
Total |
72.969 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Partners Capital |
|
72.969 |
65.141 |
|
|
2] Share Application Money |
|
(0.493) |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
72.476 |
65.141 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
189.358 |
192.536 |
|
|
2] Unsecured Loans |
|
32.938 |
32.700 |
|
|
TOTAL BORROWING |
|
222.296 |
225.236 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
294.772 |
290.377 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
27.028 |
18.474 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
33.726 |
31.066 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
44.394
|
44.233
|
|
|
Sundry Debtors |
|
230.038
|
223.031
|
|
|
Cash & Bank Balances |
|
30.508
|
10.513
|
|
|
Other Current Assets |
|
29.243
|
29.134
|
|
|
Loans & Advances |
|
0.000
|
0.000
|
|
Total
Current Assets |
|
334.183
|
306.911
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
95.872
|
63.815
|
|
|
Other Current Liabilities and Provisions |
|
4.293
|
2.259
|
|
Total
Current Liabilities |
|
100.165
|
66.074
|
|
|
Net Current Assets |
|
234.018
|
240.837
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
294.772 |
290.377 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
513.609 |
375.239 |
|
|
Other Income |
|
24.082 |
14.445 |
|
|
TOTAL
|
|
537.691 |
389.684 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
|
370.783 |
279.457 |
|
|
Consumable Store |
|
0.558 |
0.497 |
|
|
Wages |
|
0.619 |
0.637 |
|
|
electricity charges |
|
13.869 |
10.347 |
|
|
Freight Inward |
|
1.280 |
0.373 |
|
|
Association Fees |
|
0.013 |
0.002 |
|
|
Cartage |
|
0.036 |
0.104 |
|
|
Commission |
|
8.282 |
1.833 |
|
|
Conveyance Charges |
|
0.060 |
0.067 |
|
|
Demand of Provident Fund |
|
0.000 |
0.001 |
|
|
ESI |
|
0.078 |
0.048 |
|
|
Excise Duty Paid |
|
47.606 |
35.484 |
|
|
Freight Outward |
|
11.876 |
0.046 |
|
|
General Expenses |
|
1.127 |
0.941 |
|
|
Insurance |
|
0.254 |
0.713 |
|
|
Interest to Partners |
|
1.023 |
1.377 |
|
|
labour Welfare Cess |
|
0.039 |
0.000 |
|
|
Loading and Unloading Charges |
|
0.799 |
1.163 |
|
|
Packing Charges |
|
0.593 |
0.370 |
|
|
Postage and Telegram |
|
0.129 |
0.106 |
|
|
Printing and Stationery |
|
0.110 |
0.052 |
|
|
Processing Fees |
|
1.246 |
0.094 |
|
|
Professional Fees |
|
0.126 |
0.163 |
|
|
Provident Fund |
|
0.197 |
0.212 |
|
|
Rebate and Discount |
|
17.714 |
6.904 |
|
|
Registration Fees |
|
1.129 |
0.553 |
|
|
Rent Paid |
|
0.855 |
0.447 |
|
|
Repair and Maintenance |
|
4.085 |
0.851 |
|
|
Salary |
|
1.150 |
0.833 |
|
|
Salary to Partners |
|
0.252 |
0.252 |
|
|
Service Tax |
|
1.665 |
1.859 |
|
|
Telephone Expenses |
|
0.399 |
0.398 |
|
|
Tender Fees |
|
0.003 |
0.011 |
|
|
Testing Expenses |
|
2.767 |
0.106 |
|
|
Travelling Expenses. |
|
0.734 |
0.569 |
|
|
Water Expenses |
|
0.033 |
0.027 |
|
|
Work Contract Tax |
|
0.254 |
0.127 |
|
|
TOTAL |
|
491.743 |
347.024 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, DEPRECIATION AND AMORTISATION |
|
45.948 |
42.660 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
28.692 |
31.319 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE, DEPRECIATION AND AMORTISATION |
|
17.256 |
11.341 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
3.801 |
2.587 |
|
|
|
|
|
|
|
|
NET
PROFIT/ (LOSS) |
|
13.455 |
8.754 |
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
506.300 |
Expected Sales (2017-2018): INR 800.000 Million
The above information has been parted by Mr. Rajendra (Accounts
Department)
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) |
|
163.48 |
216.95 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
2.23 |
1.68 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
94.38 |
83.35 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
1.04 |
0.96 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
1.70 |
2.31 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.82 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
3.07 |
3.46 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
1.84 |
1.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.37 |
0.28 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
1.60 |
1.36 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
|
2.62 |
2.33 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
3.41 |
2.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
18.56 |
13.44 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
2.51 |
3.11 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
2.18 |
2.66 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.18 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
3.05 |
3.46 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
2.51 |
3.11 |
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 |
65.141 |
72.969 |
|
Reserves & Surplus |
0.000 |
(0.493) |
|
Net
worth |
65.141 |
72.476 |
|
|
|
|
|
Secured Loans |
192.536 |
189.358 |
|
Unsecured Loans |
32.700 |
32.938 |
|
Total
borrowings |
225.236 |
222.296 |
|
Debt/Equity
ratio |
3.458 |
3.067 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
375.239 |
513.609 |
|
|
|
36.875 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
375.239 |
513.609 |
|
Profit |
8.754 |
13.455 |
|
|
2.33% |
2.62% |
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 |
Yes |
|
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 |
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 |
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 two 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 |
|
PARTICULARS |
31.03.2017 (INR
In Million) |
31.03.2016 (INR
In Million) |
|
Unsecured Loans |
32.938 |
32.700 |
|
Total |
32.938 |
32.700 |
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 65.06 |
|
UK Pound |
1 |
INR 92.06 |
|
Euro |
1 |
INR 80.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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 |
YES |
|
--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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.