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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

508568

Report Date :

11.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

L VAIBHAV CASTINGS PRIVATE LIMITED

 

 

Registered Office :

180 Jamuna Lal Bajaj Street, Kolkata – 700007, West Bengal

Mob. No.:

91-9831110080 [Mr. Gautam Narsaria]

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

08.08.2000

 

 

Com. Reg. No.:

21-092257

 

 

Capital Investment / Paid-up Capital :

INR 0.505 Million

 

 

CIN No.:

[Company Identification No.]

U27104WB2000PTC092257

 

 

IEC No.:

[Import-Export Code No.]

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

GSTN :

[Goods & Service Tax Registration No.]

19AAACL7899M1ZI

 

 

TIN No.:

19521429063

 

 

PAN No.:

[Permanent Account No.]

AAACL7899M

 

 

Legal Form :

Private Limited Liability Company.

 

 

Line of Business :
  • Trading in Pipes and Pipe Fittings. (Registered activity)

 

  • Manufacturer, Exporter of all types of Pipes and Fitting including Cast Iron, Ductile Iron and Steel Pipe Fitting Iron Founders, Steel Founders, Ferrous and Non-ferrous Metal Founders. (Confirmed by management and also as per Memorandum of association)

 

 

No. of Employees :

30 (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 :

Subject was incorporated in the year 2000 and it is a trader of pipes and pipe fittings. It is also engaged in business of iron founders, ferrous and non-ferrous metal founders.

 

As per the financials of March 2017, the company has registered a growth of 163.16% in its revenue as compared to its previous year’s revenue and has reported minimal profit margin of 0.71%.

 

Rating takes into consideration the company’s established track record of business operations marked by sound net worth base along with strong debt coverage indicators and decent liquidity position.

 

Further, the company has reported a good earnings per share of INR 235.18 against its face value of INR 10.

 

However, ratings strength is partially offset by its presence in highly competitive and huge working requirement steel industry.

 

Payments seems to be slow but correct.

 

In view of aforesaid, the company 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 31-03-2018.

 

 

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 11.05.2018.

 

 

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

 

Name :

Mr. Gautam Narsaria

Designation :

Director

Contact No.:

91-9831110080

Date :

11.05.2018

 

 

LOCATIONS

 

Registered Office :

180 Jamuna Lal Bajaj Street, Kolkata – 700007, West Bengal, India

Tel. No.:

91-33-22693452/ 22683370

Mobile No.:

91-9831110080 [Mr. Gautam Narsaria]

Fax No.:

91-33-22720885

E-Mail :

lvcastings@gmail.com

 

 

Factory :

Located at :

 

Howrah, West Bengal, India

 

 

DIRECTORS

 

As on 31.03.2018

 

Name :

Mr. Manish Narsaria

Designation :

Director

Address :

P-20 Dalim Tolla Lane, Goa Bagan, Kolkata – 700006, West Bengal, India

Date of Birth/Age :

19.09.1971

Date of Appointment :

27.12.2006

DIN No.:

01167858

 

 

Name :

Mr. Vikram Narsaria

Designation :

Director

Address :

P-20 Dalim Tolla Lane, Goa Bagan, Kolkata – 700006, West Bengal, India

Date of Birth/Age :

14.04.1976

Date of Appointment :

27.12.2006

DIN No.:

01167915

 

 

Name :

Mr. Gautam Narsaria

Designation :

Director

Address :

P-20 Dalim Tolla Lane, Goa Bagan, Kolkata – 700006, West Bengal, India

Date of Birth/Age :

15.01.1978

Date of Appointment :

27.12.2006

DIN No.:

01167935

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U51219WB1993PLC059939

INDOM EXPORTS LTD.

20/08/2008

-

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 31.03.2017

 

Names of Shareholders

No. of Shares

%age of holding

Manish Narsaria

25200

49.90

Vikram Narsaria

10200

20.20

Gautam Narsaria

15100

29.90

 

 

 

Total

50500

100.00

 

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2017

 

Category

Percentage

Promoter – (Individual/ Hindu Undivided Family – Indian)

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :
  • Trading in Pipes and Pipe Fittings. (Registered activity)

 

  • Manufacturer, Exporter of all types of Pipes and Fitting including Cast Iron, Ductile Iron and Steel Pipe Fitting Iron Founders, Steel Founders, Ferrous and Non-ferrous Metal Founders. (Confirmed by management and also as per Memorandum of association)

 

 

Products :

Item Code No.

Product Description

5143

Pipes and Pipe Fittings

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Bhutan
  • Nepal
  • Srilanka
  • Bangladesh

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Credit (30/60 days)

 

 

Purchasing :

Cash, Cheque and Credit (30/60 days)

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Rashmi Metallics Limited

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

  • Jai Balaji Industries Limited

 

 

Customers :

 

Reference :

Kejriwal Casting

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

  • Ganno Bukerly Company Limited

 

 

No. of Employees :

30 (Approximately) 

 

 

Bankers :

Bank Name

Punjab National Bank

Branch

M.G. Road, Kolkata – 700007, West Bengal, India

Person Name (With Designation)

Mr. Jaydeep (Branch Manager)

Contact Number

91-33-22683822

Name of Account Holder

L Vaibha Castings Private Limited

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

Satisfactory

Remarks (If any)

Mr. Jaydeep (Branch Manager) confirmed that subject company holds a good track record.

 

Bank Name

HDFC Bank Limited

Branch

Stephen House, Kokata – 700001, West Bengal, India

Person Name (With Designation)

--

Contact Number

91-9831073333

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)

Continuously Ringing

 

Bank Name

State Bank of India

Branch

Burra Bazar, Kolkata – 700007, West Bengal, India

Person Name (With Designation)

--

Contact Number

91-33-22694626 [Ringing]

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

 

 

Loans taken for vehicles

0.226

0.798

 

 

 

Short-term borrowings

 

 

Loans taken for vehicles

0.572

0.619

 

 

 

Total

0.798

1.417

 

Auditors :

 

Name :

A.K. Tibrewal and Associates LLP

Chartered Accountants

Address :

6A, Kiran Shankar Roy Road, 2nd floor, Kolkata – 700001, West Bengal, India

Tel. No.:

91-33-40621100

E-Mail :

aktassociates@gmail.com

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

ABCFA3861E

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :

Ganpati Enterprises

 

 

CAPITAL STRUCTURE

 

As on 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

300000

Equity Shares

INR 10/- each

INR 3.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50500

Equity Shares

INR 10/- each

INR 0.505 Million

 

 

 

 

 

 

 

                                                                   

FINANCIAL DATA

[all figures are in INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2017

31.03.2016

31.03.2015

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

0.505

0.505

0.505

(b) Reserves & Surplus

16.573

4.900

1.387

(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)

17.078

5.405

1.892

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

2.195

0.798

0.505

(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

0.000

0.000

0.000

Total Non-current Liabilities (3)

2.195

0.798

0.505

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

21.844

14.291

11.598

(b) Trade payables

155.849

109.237

7.250

(c) Other current liabilities

20.961

6.836

3.353

(d) Short-term provisions

5.931

1.671

0.498

Total Current Liabilities (4)

204.585

132.035

22.699

 

 

 

 

TOTAL

223.858

138.238

25.096

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1.394

1.891

1.100

(ii) Intangible Assets

0.000

0.000

0.000

(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

1.385

1.360

1.360

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

2.779

3.251

2.460

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

114.584

105.814

15.726

(d) Cash and cash equivalents

77.080

0.759

0.995

(e) Short-term loans and advances

6.598

1.375

0.400

(f) Other current assets

22.817

27.039

5.515

Total Current Assets

221.079

134.987

22.636

 

 

 

 

TOTAL

223.858

138.238

25.096

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

1665.767

632.997

226.376

 

Other Income

9.809

0.620

0.360

 

TOTAL

1675.576

633.617

226.736

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Purchases of Stock-in-Trade

1447.052

558.906

209.710

 

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

(0.075)

0.000

0.000

 

Employees benefits expense

5.756

3.395

0.621

 

Other expenses

204.435

65.517

14.650

 

TOTAL

1657.168

627.818

224.981

 

 

 

 

 

 

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

18.408

5.799

1.755

 

 

 

 

 

Less

FINANCIAL EXPENSES

0.136

0.107

0.029

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

18.272

5.692

1.726

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

0.567

0.507

0.153

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

17.705

5.185

1.573

 

 

 

 

 

Less

TAX

5.931

1.671

0.498

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

11.774

3.514

1.075

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

233.15

69.58

21.28

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

Net cash flow from operating activity

82.423

3.865

NA

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

25.11

61.01

25.36

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

14.54

5.98

14.40

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

39.31

71.34

12.62

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

13.21

3.07

1.60

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.92

0.96

0.92

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

1.41

2.79

6.40

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

11.98

24.43

12.00

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.08

0.35

0.58

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

135.35

54.20

60.52

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

0.71

0.56

0.47

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

5.26

2.54

4.28

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

68.94

65.01

56.82

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

1.08

1.02

1.00

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.08

1.02

1.00

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.08

0.04

0.08

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

47.60

29.88

23.97

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

1.08

1.02

1.00

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

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

0.505

0.505

0.505

Reserves & Surplus

1.387

4.900

16.573

Net worth

1.892

5.405

17.078

 

 

 

 

long-term borrowings

0.505

0.798

2.195

Short term borrowings

11.598

14.291

21.844

Total borrowings

12.103

15.089

24.039

Debt/Equity ratio

6.397

2.792

1.408

 

 

 

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

226.376

632.997

1665.767

 

 

179.622

163.156

 

 

 

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

226.376

632.997

1665.767

Profit

1.075

3.514

11.774

 

0.47%

0.56%

0.71%

 

 

 

 

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)

No

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

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

UNSECURED LOAN

 

Unsecured Loan

31.03.2017

(INR in Million)

31.03.2016

(INR in Million)

Long-term Borrowings

 

 

Other loans and advances

1.969

0.000

 

 

 

Short-term borrowings

 

 

Loans and advances from directors

2.772

2.172

Intercorporate borrowings

18.500

11.500

 

 

 

Total

23.241

13.672

 

 

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

 

 

 

 

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 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 67.38

UK Pound

1

INR 91.39

Euro

1

INR 79.89

 

 

INFORMATION DETAILS

 

Information Gathered by :

PNM

 

 

Analysis Done by :

VIV

 

 

Report Prepared by :

JYO

 

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)

 

 

 

 

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.