|
|
|
MIRA INFORM REPORT
|
Report No. : |
507800 |
|
Report Date : |
11.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHREE RAJ CORPORATION |
|
|
|
|
Registered
Office : |
210/22, Sundaram, Opposite Odeon Cinema, R.N. Narkar Marg, Ghatkopar (East),
Mumbai – 400075, Maharashtra |
|
Tel. No.: |
91-22-25014965 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
- |
|
|
|
|
Year of
Establishment: |
2011 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 3.939 Million |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0312018479 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAFHN8977A1ZW |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFHN8977A |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader
and Importer of Solven Chemicals and Intermediates. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
5 (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 |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
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. Nilesh Ramniklal Kamdar |
|
Designation : |
Proprietor |
|
Contact No.: |
91-22-25014965 |
|
Date : |
10.05.2018 |
LOCATIONS
|
Registered Office : |
210/22, Sundaram, Opposite Odeon Cinema, R.N. Narkar Marg, Ghatkopar
(East), Mumbai – 400075, Maharashtra, India |
|
Tel. No.: |
91-22-25014965 |
|
Mobile No.: |
91-9029071900 [Mr. Nilesh] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
850 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Corporate Office : |
301, Atlantic Tower, Above Vodafone Gallery, R.B. Mehta Marg, Ghatkopar (East), Mumbai –
400077, Maharashtra, India |
|
Area : |
350 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Neelkanth Corporation, B4/5, Khandle Estate, Near Capital Road Line,
Punhe Village, Bhiwandi, India |
|
Area : |
10000 sq. ft. |
|
Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. Nilesh Ramniklal Kamdar (HUF) |
|
Designation : |
Proprietor |
|
Address : |
210/22, Sundaram, Opposite Odeon Cinema, Ghatkopar East,
Mumbai – 400075, Maharashtra, India |
|
Date of Birth/Age : |
54 Years |
|
Qualification : |
B.Com |
|
Experience : |
33 Years |
BUSINESS DETAILS
|
Line of Business : |
Trader
and Importer of Solven Chemicals and Intermediates. [Confirmed by management] |
|
|
|
|
Products : |
Solven Chemicals
and Intermediates |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Solven
Chemicals and Intermediates |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and Credit (30/60 days) |
|
|
|
|
Purchasing : |
Advance Payment, L/C and Credit (75 days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users, Dealers
|
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No. of Employees : |
5 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
Auditors : |
|
|
Name : |
Hitesh P Shah and Company Chartered Accountants |
|
|
|
|
Name : |
Sutariya and Associates Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern: |
Guru Krupa Chemicals Address : 210/22, Sundaram, Opposite Odeon Cinema, R.N. Narkar Marg, Ghatkopar
(East), Mumbai – 400075, Maharashtra, India Line of business: Trader and Importer of Solven Chemicals and Intermediates. |
CAPITAL STRUCTURE
As on 31.03.2017
PROPRIETOR’S
CAPITAL
|
Particulars |
INR In Million |
Particulars |
INR In Million |
|
Withdrawal |
0.999 |
Opening Balance |
3.385 |
|
Advance Income Tax |
0.140 |
Net profit from Shreeraj Corporation |
2.989 |
|
L.I.P. |
0.173 |
|
|
|
Mediclaim |
0.024 |
|
|
|
I-Tax 20.15/16 |
0.004 |
|
|
|
I-tax 2014/15 |
0.000 |
|
|
|
Income Tax |
0.068 |
|
|
|
Credit Card Expenses |
0.796 |
|
|
|
Mahangar Gas |
0.002 |
|
|
|
Vat Paid |
0.013 |
|
|
|
TDS Received |
0.215 |
|
|
|
Closing Balance |
3.939 |
|
|
|
|
|
|
|
|
Total |
6.374 |
Total |
6.374 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
3.939 |
3.385 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
3.939 |
3.385 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.110 |
0.249 |
|
|
2] Unsecured Loans |
|
10.155 |
9.815 |
|
|
TOTAL BORROWING |
|
10.265 |
10.064 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
14.205 |
13.449 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.765 |
0.849 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.603 |
0.170 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
38.606
|
21.213
|
|
|
Sundry Debtors |
|
242.416
|
101.484
|
|
|
Cash & Bank Balances |
|
7.280
|
15.835
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
1.415
|
2.841
|
|
Total
Current Assets |
|
289.717
|
141.373
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
276.690
|
128.668
|
|
|
Other Current Liabilities |
|
0.000
|
0.000
|
|
|
Provisions |
|
0.190
|
0.275
|
|
Total
Current Liabilities |
|
276.880
|
128.943
|
|
|
Net Current Assets |
|
12.837
|
12.430
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
14.205 |
13.449 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
607.490 |
448.207 |
|
|
Other Income |
|
7.551 |
0.263 |
|
|
TOTAL |
|
615.041 |
448.470 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
578.500 |
422.483 |
|
|
Custom Duty on Imports |
|
24.393 |
16.356 |
|
|
Clearing and Forwarding |
|
3.237 |
3.435 |
|
|
Octroi |
|
0.005 |
0.002 |
|
|
Bank Charges and
Commission |
|
0.007 |
0.001 |
|
|
Packing and Forwarding
Charges |
|
0.000 |
0.001 |
|
|
Accounting Writing
Charges |
|
0.000 |
0.035 |
|
|
Audit Fees |
|
0.030 |
0.029 |
|
|
Books and Periodicals |
|
0.001 |
0.009 |
|
|
Brokerage and Commission |
|
2.016 |
0.976 |
|
|
Computer Expenses |
|
0.000 |
0.003 |
|
|
Conveyance |
|
0.002 |
0.071 |
|
|
Diwali Exp |
|
0.016 |
0.036 |
|
|
Electricity Charges |
|
0.046 |
0.076 |
|
|
Foreign Exchane Rate
Difference |
|
0.000 |
0.172 |
|
|
Expenses for SAD Refund |
|
0.307 |
0.000 |
|
|
Hel Majuri |
|
0.009 |
0.276 |
|
|
Insurance |
|
0.157 |
0.042 |
|
|
Office Exp |
|
0.012 |
0.007 |
|
|
Postage and Courier |
|
0.022 |
0.023 |
|
|
Printing and Stationary |
|
0.012 |
0.006 |
|
|
Office Rent |
|
0.006 |
0.073 |
|
|
Professional Fees |
|
0.058 |
0.019 |
|
|
Rate Difference |
|
0.004 |
0.000 |
|
|
Salary and Bonus |
|
0.348 |
0.288 |
|
|
Shortage of Material |
|
0.227 |
0.000 |
|
|
Sundry Expenses |
|
0.005 |
0.061 |
|
|
Telephone Expenses |
|
0.060 |
0.089 |
|
|
Lab Testing Charges |
|
0.004 |
0.019 |
|
|
License Fees |
|
0.001 |
0.000 |
|
|
Transportation and Octroi |
|
0.384 |
0.786 |
|
|
Travelling Expenses |
|
0.008 |
0.075 |
|
|
Vatav Kasar |
|
0.019 |
0.022 |
|
|
Warehousing Charges |
|
0.665 |
0.481 |
|
|
Xerox and Typing |
|
0.003 |
0.019 |
|
|
Other expenses |
|
|
|
|
|
TOTAL |
|
610.564 |
445.971 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
4.477 |
2.499 |
|
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
|
1.396 |
1.207 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
3.081 |
1.292 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
0.092 |
0.095 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
2.989 |
1.197 |
|
Particulars |
|
|
31.03.2018 |
|
Sales Turnover (Approximately) |
|
|
450.000 |
|
|
|
|
[Due to market
fluctuation] |
Expected Sales (2018-2019) : INR 450.000 Million
The above information has been parted by Mr. Nilesh Kandar (Proprietor).
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
|
145.65 |
82.64 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
|
2.51 |
4.42 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
|
174.58 |
111.16 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
|
0.08 |
0.06 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
|
4.04 |
1.52 |
LEVERAGE RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
|
0.99 |
0.98 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
|
2.61 |
2.97 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
|
72.87 |
40.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
|
0.19 |
0.25 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
|
441.14 |
1293.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
|
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
|
0.49 |
0.27 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
|
1.03 |
0.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
|
75.88 |
35.36 |
SOLVENCY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
|
1.01 |
1.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
|
0.87 |
0.87 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
|
0.01 |
0.02 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
|
2.61 |
2.97 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
|
1.01 |
1.02 |
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 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Share Capital |
3.385 |
3.939 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net worth |
3.385 |
3.939 |
|
|
|
|
|
long-term borrowings |
0.249 |
0.110 |
|
Short term borrowings |
9.815 |
10.155 |
|
Total borrowings |
10.064 |
10.265 |
|
Debt/Equity ratio |
2.973 |
2.606 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
448.207 |
607.490 |
|
|
|
35.538 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
|
Sales |
448.207 |
607.490 |
|
Profit |
1.197 |
2.989 |
|
|
0.27% |
0.49% |
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 – Legal Form |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
Yes |
|
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) |
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 |
No |
|
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 |
OBSERVATION FORM
|
COMPANY NAME: SHREE RAJ
CORPORATION ADDRESS: 210/22, Sundaram,
Opposite Odeon Cinema, R.N. Narkar Marg, Ghatkopar (East), Mumbai – 400075,
Maharashtra, India CONTACT NO.: 91-22-25014965
|
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 67.38 |
|
|
1 |
INR 91.39 |
|
Euro |
1 |
INR 79.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
VIV |
|
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.