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|
MIRA INFORM REPORT
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Report No. : |
509400 |
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Report Date : |
15.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PUROHIT STEEL INDIA PRIVATE LIMITED |
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Registered
Office : |
Plot No. 7 and 8, Sr. No. 253, Purohit Industrial Estate, Behind Johnson Motors, Near Anand Hotel, Range Office, Vasai (East), Palghar-401208, Maharashtra |
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Tel. No.: |
91-250-697111/000 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
29.11.2013 |
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Com. Reg. No.: |
11-250577 |
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Capital
Investment / Paid-up Capital : |
INR 24.000 Million |
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CIN No.: [Company Identification
No.] |
U27109MH2013PTC250577 |
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IEC No.: |
0314033025 |
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TIN No: |
27951066280 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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GSTIN: |
27AAHCP5036B1ZO |
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PAN No.: [Permanent Account No.] |
AAHCP5036B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader, Importer and Exporter of Steel Alloys and steel alloy, bar
like mould steel, hot work tool steel, cold work tool steel, metal bar, etc. Exporting
of finished goods and Importing of steels. [Registered Activity] |
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|
|
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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 : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2013. It is a trader of steel
alloy, bar like mould steel, hot work tool steel, cold work tool steel, etc. it
is also an exporter of finished goods and an importer of steels bar, etc. As per the financial records of 2017, the company has achieved a
decent growth in its revenue as compared to the previous year and has gained
fair net profit margin of 12.94%. The overall financial position of the company seems to be satisfactory
marked by adequate net worth base along with comfortable debt level and
sufficient liquidity position. Business is active. 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.
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 15.05.2018
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 DENIED
MANAGEMENT NON COOPERATIVE (91-250-697111)
LOCATIONS
|
Registered Office/ Warehouse : |
Plot No. 7 and 8, Sr. No. 253, Purohit Industrial Estate, Behind Johnson Motors, Near Anand Hotel, Range Office, Vasai (East), Palghar-401208, Maharashtra, India |
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Tel. No.: |
91-250-697111/000 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website: |
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Area : |
24000 Sq. Ft. |
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Location : |
Owned |
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Locality : |
Industrial |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Pramod Bherumal Rajpurohit |
|
Designation : |
Director |
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Address : |
D-9, Krishna Nagar, Building No. 1, Chandavarkar Road, Borivali (West), Near BPL Galary, Mumbai-400092, Maharashtra, India |
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Date of Appointment : |
29.11.2013 |
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Date of Birth/ Age : |
03.06.1963 |
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Qualification: |
B.Com |
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Voter identity card
number |
MH090450366115 |
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DIN No.: |
00516425 |
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|
|
|
Name : |
Mr. Vishal Pramod Purohit |
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Designation : |
Director |
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Address : |
D-9, Krishna Nagar, Building No. 1, Chandavarkar Road, Borivali (West), Near BPL Galary, Mumbai-400092, Maharashtra, India |
|
Date of Appointment : |
29.11.2013 |
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Qualification: |
Engineering |
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Date of Birth/ Age : |
28.05.1987 |
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DIN No.: |
02465598 |
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|
|
|
Name : |
Mr. Ajit Hasmukh Purohit |
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Designation : |
Director |
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Address : |
1305, Kent Gardens, TPS Road, Factory Lane, Near M.K. High School, Borivali (West), Mumbai-400092, Maharashtra, India |
|
Date of Appointment : |
29.11.2013 |
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Qualification: |
B.Com |
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Date of Birth/ Age : |
14.08.1990 |
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DIN No.: |
02789718 |
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|
|
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Name : |
Mr. Hasmukh Bherumal Rajpurohit |
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Designation : |
Director |
|
Address : |
1305, Kent Gardens, TPS Road, Factory Lane, Near M.K. High School, Borivali (West), Mumbai-400092, Maharashtra, India |
|
Qualification: |
B.Com |
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Date of Appointment : |
29.11.2013 |
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Date of Birth/ Age : |
25.12.1969 |
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DIN No.: |
06725064 |
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|
|
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Name : |
Mr. Sagar Pramod Purohit |
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Designation : |
Director |
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Address : |
1/D/10, Krishna Nagar, Chandravarkar Lane, Borivali (West), Mumbai – 400092, Maharashtra, India |
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Date of Appointment : |
12.03.1994 |
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Date of Birth/ Age : |
24.03.2017 |
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DIN No.: |
07793871 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Pramod B Rajpurohit |
|
849500 |
|
Hasmukh B Purohit |
|
645500 |
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Vishal P Purohit |
|
420000 |
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Ajit H Purohit |
|
485000 |
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Total |
|
2400000 |
AS ON: 30.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters (Individual/ Hindu Undivided Family- Indian) |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Exporter of Steel Alloys and steel alloy, bar like
mould steel, hot work tool steel, cold work tool steel, metal bar, etc.
Exporting of finished goods and Importing of steels. [Registered Activity and
also Confirmed by Management] |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
Note: Term Loan from Banks are secured by Primary : Hypothecation of fixed assets & factory land & building Colleteral : Personal Guarantee by directors Term Loan From Others: Vehicle Loan are secured by
hypothecation of vehicles itself. |
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Auditors : |
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Name : |
DMKH and Company Chartered Accountants |
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Address : |
803/804, Ashok Height, Opposite Saraswati Apartment, Nikalaswadi Road,
Near Bhuta School, Old Nagardas Road, Andheri (East), Mumbai – 400069,
Maharashtra, India |
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Tel. No: |
91-22-26824800/ 4900 |
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E-Mail : |
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Website; |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFD6034Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Group Company: |
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CAPITAL STRUCTURE
AS ON 31.03.2017
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
2500000 |
Equity Shares |
INR 10/- each |
INR 25.000 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
2400000 |
Equity Shares |
INR 10/- each |
INR 24.000
Million |
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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 |
24.000 |
24.000 |
0.100 |
|
(b) Reserves & Surplus |
46.142 |
14.105 |
(6.484) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds |
70.142 |
38.105 |
(6.384) |
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|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
41.261 |
48.157 |
41.767 |
|
(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 |
41.261 |
48.157 |
41.767 |
|
|
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|
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|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
49.081 |
28.907 |
8.020 |
|
(b)
Trade payables |
80.264 |
65.972 |
39.042 |
|
(c)
Other current liabilities |
11.825 |
9.456 |
0.667 |
|
(d)
Short-term provisions |
7.746 |
7.682 |
0.000 |
|
Total
Current Liabilities |
148.916 |
112.017 |
47.729 |
|
|
|
|
|
|
TOTAL |
260.319 |
198.279 |
83.112 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
41.758 |
38.604 |
32.367 |
|
(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) |
0.414 |
0.519 |
0.589 |
|
(d) Long-term Loan and
Advances |
0.553 |
0.554 |
0.554 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
2.913 |
|
Total
Non-Current Assets |
42.725 |
39.677 |
36.423 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
70.818 |
50.387 |
33.804 |
|
(c)
Trade receivables |
124.247 |
105.623 |
9.708 |
|
(d)
Cash and cash equivalents |
14.112 |
0.548 |
0.494 |
|
(e)
Short-term loans and advances |
8.417 |
2.044 |
2.683 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
217.594 |
158.602 |
46.689 |
|
|
|
|
|
|
TOTAL |
260.319 |
198.279 |
83.112 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
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Revenue from Operations |
309.666 |
196.592 |
11.544 |
|
|
|
Other Income |
2.624 |
1.069 |
0.006 |
|
|
|
TOTAL |
312.290 |
197.661 |
11.550 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
217.671 |
143.216 |
9.191 |
|
|
|
Employees benefits expense |
21.453 |
10.525 |
0.382 |
|
|
|
Other expenses |
10.751 |
6.982 |
3.874 |
|
|
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TOTAL |
249.875 |
160.723 |
13.447 |
|
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|
|
|
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PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
62.415 |
36.938 |
(1.897) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.810 |
5.303 |
1.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
52.605 |
31.635 |
(3.085) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION |
4.107 |
3.288 |
3.987 |
|
|
|
|
|
|
|
|
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|
PROFIT/ (LOSS)
BEFORE TAX |
48.498 |
28.347 |
(7.072) |
|
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|
|
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|
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|
Less |
TAX |
16.461 |
7.752 |
(0.588) |
|
|
|
|
|
|
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|
PROFIT/ (LOSS)
AFTER TAX |
32.037 |
20.595 |
(6.484) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (INR) |
13.00 |
9.00 |
(648.36) |
|
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 (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
146.45 |
196.10 |
306.95 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.49 |
1.86 |
1.19 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
134.59 |
168.14 |
1550.47 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.88 |
0.73 |
(0.06) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.49 |
0.96 |
(0.06) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.73 |
0.81 |
1.08 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.29 |
2.02 |
(7.80) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
2.12 |
2.94 |
(7.48) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.60 |
1.01 |
(5.07) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
6.36 |
6.97 |
(1.60) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin (PAT / Sales) * 100) |
% |
10.35 |
10.48 |
(56.16) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
12.31 |
10.39 |
(7.80) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
45.67 |
54.05 |
101.55 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.46 |
1.42 |
0.98 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current Liabilities) |
0.99 |
0.97 |
0.27 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.27 |
0.19 |
(0.08) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
3.76 |
3.21 |
497.87 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.46 |
1.42 |
0.98 |
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 |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Share Capital |
0.100 |
24.000 |
24.000 |
|
Reserves & Surplus |
(6.484) |
14.105 |
46.142 |
|
Net
worth |
(6.384) |
38.105 |
70.142 |
|
|
|
|
|
|
long-term borrowings |
41.767 |
48.157 |
41.261 |
|
Short term borrowings |
8.020 |
28.907 |
49.081 |
|
Total
borrowings |
49.787 |
77.064 |
90.342 |
|
Debt/Equity
ratio |
(7.799) |
2.022 |
1.288 |
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 |
11.544 |
196.592 |
309.666 |
|
|
|
1,602.980 |
57.517 |
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 |
11.544 |
196.592 |
309.666 |
|
Profit/ (Loss) |
(6.484) |
20.595 |
32.037 |
|
|
(56.17%) |
10.48% |
10.35% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 two 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 |
Yes |
|
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 |
INDEX OF CAHREGS:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G82637141 |
100165888 |
Canara Bank |
28/03/2018 |
- |
- |
950000.0 |
Narayan Builiding,1st Floor, A.K. Road, Sakinaka, MUMBAI-400072, Maharashtra, India |
|
2 |
G76447242 |
10509610 |
Canara Bank |
03/06/2014 |
06/02/2018 |
- |
188030000.0 |
Narayan Builiding,1st Floor, A.K. Road, Sakinaka, MUMBAI-400072, Maharashtra, India |
CORPORATE INFORMATION
Brief
Business Activity: Dealing in trading of steel alloys and bar.
FIXED ASSETS:
·
Land
·
Plant & Machinery
·
Office Equipment
·
Furniture
·
Computer
- Motor car
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 67.32 |
|
|
1 |
INR 91.25 |
|
Euro |
1 |
INR 80.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NYT |
|
|
|
|
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 |
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.