|
|
|
MIRA INFORM REPORT
|
Report No. : |
507115 |
|
Report Date : |
02.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MAYUR DYES AND CHEMICALS CORPORATION |
|
|
|
|
Registered
Office : |
“A”- 505 / 506, Imperial Heights, 150 Feet Ring Road, Opposite Big
Bazaar, Rajkot – 360001, Gujarat |
|
Tel. No.: |
91-281-2570736 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
09.11.1977 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 130.322 Million (As on 31.03.2015) |
|
|
|
|
TIN No.: |
24090300720 |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
24AADFM3207C1Z0 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
2488007447 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTM00412G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADFM3207C |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Wax, Chemicals and Dyestuffs.
(Confirmed by management) |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
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 : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1977 as a partnership firm and it
is having moderate track. Mr. Bharat Bhimani (Partner) has provided general information to us. Rating is constrained on account of absence of latest financials
information to evaluate risk associate with firm. Business is active. Payments are unknown. In view of the aforesaid, the firm can be considered for business
dealing 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
31-03-2018.
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 02.05.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Bharat Jagdish Bhimani |
|
Designation : |
Partner |
|
Contact No.: |
91-9824038298 |
|
Date : |
02.05.2018 |
LOCATIONS
|
Registered Office : |
“A”- 505 / 506, Imperial Heights, 150 Feet Ring Road, Opposite Big
Bazaar, Rajkot – 360001, Gujarat, India |
|
Tel. No.: |
91-281-2570736/ 2578332/ 2581149/ 2581251 |
|
Mobile No.: |
91-9824038298 (Mr. Bharat Jagdish Bhimani) |
|
Fax No.: |
91-281-2570832 |
|
E-Mail : |
bharat_mdcc@usa.net |
|
Website : |
http://www.mdcc.in |
|
Area : |
1350 sq. ft. |
|
Location : |
Owned |
|
Location: |
Commercial |
|
|
|
|
Branch Office 1 / Correspondence Address : |
Desai Building, Kavi Nanalal Marg, Rajkot – 360 001, Gujarat, India |
|
Tel No.: |
91-281-2222723/ 2226543 |
|
Fax No.: |
91-281-2228761 |
|
|
|
|
Branch Office : |
Office No.17, Dholy Building, 290, Samuel Street, Masjid Bandar,
Mumbai – 400 009, Maharashtra, India |
|
Tel. No.: |
91-22-23441662 |
|
Area : |
800 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Godown : |
Plot No 41,42,43,44, Raj Industrial Estate, Ruda Transport Nagar,
Behind Sat Hanuman Mandir, Navagam, At Anandpar, Taluka Sokhada, Rajkot,
Gujarat, India |
|
Tel. No.: |
91-281-2570736 |
|
|
|
|
Godown : |
Also Located At: ·
Mumbai ·
Jetpur |
PARTNERS
|
Name : |
Mr. Bharat Jagdish Bhimani |
|
Designation : |
Partner |
|
Address : |
751-Takshasheela Society No.2, Near Phulchab Chowk, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
27.11.1954 |
|
Qualification : |
B. Com / L.L.B |
|
Experience : |
37 Years |
|
|
|
|
Name : |
Mr. Pritesh Narendrabhai Bhimani |
|
Designation : |
Partner |
|
Address: |
Goldnest Apartment, 1st Floor, Near Bahumall Bhavan, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
02.11.1975 |
|
Qualification : |
B. Com |
|
Experience : |
25 Years |
|
|
|
|
Name : |
Mr. Harshal Jivanlal Bhimani |
|
Designation : |
Partner |
|
Address: |
A42, Raghukul Apartment, Near Sharda Baugh, Rajkot – 360001, Gujarat, India |
|
Date of Birth/Age : |
22.04.1980 |
|
Qualification : |
MBA |
|
Experience : |
21 Years |
|
|
|
|
Name : |
Mrs. Hardika Deepakbhai Bhimani |
|
Designation : |
Partner |
|
Address: |
Flat No.20, 4th Floor, Dignity Apartments, Andheri (West) Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
25.08.1946 |
|
Qualification : |
B. Com |
|
Experience : |
36 Years |
KEY EXECUTIVES
|
Name : |
Mr. Hardik |
|
Designation : |
Chartered Accountant |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Wax, Chemicals and Dyestuffs.
(Confirmed by management) |
|
|
|
|
Products : |
·
Paraffin
Wax ·
Microcrystalline
Waxes ·
Montan
Wax ·
STPP
·
Carnauba
Wax ·
Polyethylene
Wax ·
Gum
Rosin ·
Phosphoric
Acid ·
Jewellery
Wax ·
Ozokerite
Waxes ·
Slack
wax ·
Candellia
Wax ·
Bees
Wax ·
Petroleum
Jelly |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
·
Finished Goods |
|
Countries : |
· United Arab Emirates · Bangladesh · Sri Lanka · South Africa |
|
|
|
|
Imports : |
|
|
Products : |
·
Micro Wax ·
Paraffin Wax ·
PVC Resins |
|
Countries : |
·
United States of America ·
China ·
Korea ·
Germany ·
Japan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment, L/C, Cheque and Credit (30 /60 /90 Days) (RTGS) |
|
|
|
|
Purchasing : |
Cash, Advance Payment, L/C, Cheque and Credit (30 /60 /90 Days) (RTGS) |
GENERAL INFORMATION
|
Suppliers : |
·
The International Group Inc. ·
Chemact Petrolchemical Limited ·
LG Chem Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and End Users
|
||||||||||||||||||||||
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|
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|
No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||
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|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors (As on 31.03.2015) : |
|
||||||||||||
|
Name : |
Niyati Hemani and Company Chartered Accountants |
||||||||||||
|
Address : |
Rajkot, Gujarat, India |
||||||||||||
|
|
|
||||||||||||
|
Memberships : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Collaborators : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Sister Concerns : |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
|
Partner’s / Member’s Fund |
Amount (INR In Million) |
|
|
Bharat Jagdish Bhimani |
INR 61.734 Million |
|
|
Hardika Deepakbhai
Bhimani |
INR 8.801 Million |
|
|
Harshal Jivanlal
Bhimani |
INR 35.032 Million |
|
|
Pritesh Narendrabhai Bhimani |
INR 24.755 Million |
|
|
Total |
|
INR 130.322 Million |
FINANCIAL DATA
[all figures are
in INR Million]
|
Particulars |
31.03.2018 |
31.03.2017 |
31.03.2016 |
|
Sales Turnover (Approximately) |
Not Divulged |
Not Divulged |
1170.000 |
The above information has been denied by Mr. Bharat Bhimani (Partner).
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2015 |
31.03.2014 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
130.322 |
106.435 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
130.322 |
106.435 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
125.731 |
124.267 |
|
|
2] Unsecured Loans |
|
0.100 |
0.100 |
|
|
OTAL BORROWING |
|
125.831 |
124.367 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
256.153 |
230.802 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
18.008 |
19.092 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
12.936 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
74.641
|
48.350
|
|
|
Sundry Debtors |
|
167.368
|
160.185
|
|
|
Cash & Bank Balances |
|
0.142
|
0.432
|
|
|
Other Current Assets |
|
0.000
|
0.009
|
|
|
Loans & Advances |
|
14.187
|
3.900
|
|
Total
Current Assets |
|
256.338
|
212.876
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
15.821
|
10.750
|
|
|
Other Current Liabilities |
|
2.180
|
|
|
|
Provisions |
|
0.192
|
|
|
Total
Current Liabilities |
|
18.193
|
14.102
|
|
|
Net Current Assets |
|
238.145
|
198.774
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
256.153 |
230.802 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Revenue from operation |
|
1204.265 |
1028.045 |
|
|
Other Income |
|
11.127 |
4.587 |
|
|
TOTAL
|
|
1215.392 |
1032.632 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
1080.321 |
895.350 |
|
|
Duties and taxes, paid or
payable, in respect of goods |
|
15.167 |
44.133 |
|
|
Freight |
|
11.489 |
8.697 |
|
|
Consumption of stores and
spare parts |
|
0.053 |
0.000 |
|
|
Rents |
|
0.774 |
0.776 |
|
|
Compensation to employees |
|
3.705 |
3.357 |
|
|
Insurance |
|
0.319 |
0.299 |
|
|
Entertainment |
|
0.000 |
0.068 |
|
|
Workmen and staff welfare
expenses |
|
0.040 |
0.000 |
|
|
Sales Promotion including
publicity |
|
0.000 |
0.015 |
|
|
Hospitality |
|
0.242 |
0.000 |
|
|
Commission |
|
1.105 |
1.296 |
|
|
Professional / Consultancy
fees / fee for technical services |
|
0.171 |
0.140 |
|
|
Travelling expenses other than
on foreign travelling |
|
0.562 |
0.437 |
|
|
Conveyance expenses |
|
0.286 |
0.000 |
|
|
Telephone Expenses |
|
0.135 |
0.110 |
|
|
Donation |
|
0.015 |
0.104 |
|
|
Rates and taxes, paid or
payable to Government or any local Body (excluding taxes on
income) |
|
36.159 |
30.627 |
|
|
Audit Fees |
|
0.065 |
0.040 |
|
|
Salary/ Remuneration to
partners of the firm |
|
2.280 |
0.000 |
|
|
Other Expenses |
|
23.933 |
17.453 |
|
|
Bad Debts |
|
0.028 |
0.000 |
|
|
TOTAL |
|
1176.849 |
1002.902 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
38.543 |
29.730 |
|
|
|
|
|
|
|
Less |
INTEREST |
|
24.307 |
21.140 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
14.236 |
8.590 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
2.129 |
2.020 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
12.107 |
6.570 |
|
|
|
|
|
|
|
Less |
TAX |
|
3.089 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
9.018 |
6.570 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
50.73 |
56.87 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
7.20 |
6.42 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
5.35 |
4.38 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.52 |
0.61 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
2.14 |
1.56 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.52 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
0.97 |
1.17 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
0.14 |
0.13 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.14 |
0.18 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
1.59 |
1.41 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
0.75 |
0.64 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
3.29 |
2.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
6.92 |
6.17 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
14.01 |
14.99 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
9.93 |
11.58 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.48 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
0.97 |
1.17 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
14.01 |
14.99 |
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 |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
|
Partner’s Capital |
106.435 |
130.322 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
106.435 |
130.322 |
|
|
|
|
|
Secured Loans |
124.267 |
125.731 |
|
Unsecured Loans |
0.100 |
0.100 |
|
Total
Loans |
124.367 |
125.831 |
|
Debt/Equity
ratio |
1.168 |
0.966 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
|
Revenue from Operation |
1028.045 |
1204.265 |
|
|
17.141 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
(INR
In Million) |
(INR
In Million) |
|
Revenue from operation |
1028.045 |
1204.265 |
|
Profit |
6.570 |
9.018 |
|
|
0.64% |
0.75% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 two years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
Litigations that the firm/promoter
involved in |
-- |
|
32 |
Market information |
-- |
|
33 |
Payments terms |
Yes |
|
34 |
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
|
INR |
|
US Dollar |
1 |
INR 66.78 |
|
|
1 |
INR 92.89 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARC |
|
|
|
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
MTN |
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.