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MIRA INFORM REPORT
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Report No. : |
509398 |
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Report Date : |
17.05.2018 |
IDENTIFICATION DETAILS
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Name : |
PUROHIT STEEL COMPANY |
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Registered
Office : |
Gala No 1, Nathaline Industrial Estate, Sakinaka, Kurla Andheri Road, Mumbai
– 400072, Maharashtra |
|
Tel. No.: |
91-22-28593077 |
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Country : |
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Financials (as
on) : |
31.03.2017 |
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Year of
Establishment : |
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Capital Investment
: |
INR 15.678 Million |
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IEC No.: |
0396054455 |
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TIN No.: |
Not Divulged |
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PAN No.: [Permanent Account No.] |
AAFPP3330H |
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Legal Form : |
Partnership Concern with an unlimited liability of the partners |
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Line of Business
: |
Trader of Plastic Mould Steel, Tool Steel, Alloy Steel, Die Steel and
Importers of Raw Material. (Confirmed by management) |
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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 : |
Management has denied providing any information about the subject to us. However, as per our database record, subject was established as a proprietary concern in the year 1994 and later it got converted into partnership concern in November 2016. In November 2016 its sister concern i.e. Ravi Steel Company, merged with the subject. It is a trader of plastic mould steel, tool steel, alloy steel, etc. It is also an importer of raw material. As per the financial record of 2017, the concern has achieved a massive growth in its revenue as compared to the previous year revenue and it has gained an average net profit margin of 2.63%. The overall financial position of the concern seems to be satisfactory marked by sufficient capital base. Payments are reported to be slow but correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and condition. |
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
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 17.05.2018
INFORMATION DECLINED
MANAGEMENT
NON-COOPERATIVE [TEL. NO.: 91-22-28593077]
LOCATIONS
|
Registered Office : |
Gala No. 1, Nathallne Industrial Estate, Sakinaka Kurla Andheri Road,
Mumbai-400072, Maharashtra, India |
|
Tel. No.: |
91-22-56942840 / 28593077 /
28595597 |
|
Fax No.: |
91-22-28593078 |
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E-Mail : |
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Website : |
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Branch Office : |
3/4, Bindal Industrial Estate, Andheri Kurla Road, Sakinaka, Mumbai -
400072, Maharashtra, India. |
|
Tel. No.: |
91-22-28525597/28593077 |
|
Fax No.: |
91-22-28593078 |
|
E-Mail : |
PARTNERS
|
Name : |
Mr. Hasmukh B. Ray Purohit |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Pramod B. Purohit |
|
Designation : |
Partner |
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|
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|
Name : |
Mr. Vishal P. Purohit |
|
Designation : |
Partner |
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|
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|
Name : |
Mr. Ajit H. Purohit |
|
Designation : |
Partner |
BUSINESS DETAILS
|
Line of Business : |
Trader of Plastic Mould Steel, Tool Steel, Alloy Steel, Die Steel and
Importers of Raw Material. (Confirmed by management) |
|
|
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
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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Auditors : |
Not Divulged |
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Collaborators : |
Not Available |
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Membership : |
Not Available |
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Sister Concern : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2017
Mr. Pramod B.
Rajpurohit
|
Particulars |
Amount |
Particulars |
Amount |
|
Drawing |
1.333 |
Opening Balance |
0.176 |
|
Firm Advance Tax |
0.180 |
Net Profit |
1.329 |
|
Self Assessment Tax |
0.004 |
Remuneration |
2.000 |
|
|
|
Capital Introduce |
1.925 |
|
Closing Balance |
3.913 |
|
|
|
|
5.430 |
|
5.430 |
Mr. Hasmukh B. Rajpurohit
|
Particulars |
Amount |
Particulars |
Amount |
|
Drawing |
1.717 |
Opening Balance |
2.926 |
|
Firm Advance Tax |
0.180 |
Net Profit |
1.329 |
|
Assessment Demand Dues Paid |
0.016 |
Remuneration |
2.000 |
|
Self Assessment Tax |
0.005 |
Capital Introduce |
0.125 |
|
|
|
|
|
|
Closing Balance |
4.462 |
|
|
|
|
6.380 |
|
6.380 |
Mr. Vishal P. Rajpurohit
|
Particulars |
Amount |
Particulars |
Amount |
|
Drawing |
0.052 |
Opening Balance |
0.114 |
|
Firm Advance Tax |
0.180 |
Net Profit |
1.329 |
|
Self Assessment Tax |
0.005 |
Remuneration |
2.000 |
|
|
|
Capital Introduce |
0.227 |
|
Closing Balance |
3.433 |
|
|
|
|
3.670 |
|
3.670 |
Mr. Ajit H. Rajpurohit
|
Particulars |
Amount |
Particulars |
Amount |
|
Drawing |
0.050 |
Opening Balance |
0.176 |
|
Firm Advance Tax |
0.180 |
Net Profit |
1.329 |
|
Self Assessment Tax |
0.005 |
Remuneration |
2.000 |
|
|
|
Capital Introduce |
0.600 |
|
Closing Balance |
3.870 |
|
|
|
|
4.105 |
|
4.105 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
15.678 |
3.391 |
10.233 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
15.678 |
3.391 |
10.233 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.821 |
15.773 |
18.580 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
35.967 |
|
|
TOTAL
BORROWING |
21.821 |
15.773 |
54.547 |
|
|
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
37.499 |
19.164 |
64.780 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.266 |
6.027 |
6.589 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
35.079 |
32.094 |
23.559 |
|
|
Sundry Debtors |
100.997 |
88.700 |
103.615 |
|
|
Cash & Bank Balances |
1.042 |
0.789 |
2.264 |
|
|
Other Current Assets |
0.358 |
0.664 |
0.381 |
|
|
Loans & Advances and Deposits |
0.425 |
4.192 |
0.619 |
|
Total Current Assets |
137.901 |
126.439 |
130.438 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
57.209 |
51.481 |
71.204 |
|
|
Other Current Liabilities |
47.757 |
61.447 |
0.300 |
|
|
Provisions |
1.702 |
0.374 |
0.743 |
|
Total Current Liabilities |
106.668 |
113.302 |
72.247 |
|
|
Net Current
Assets |
31.233 |
13.137 |
58.191 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
37.499 |
19.164 |
64.780 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Sales |
202.286 |
45.139 |
209.404 |
|
|
Other Income |
0.457 |
0.589 |
3.320 |
|
|
TOTAL |
202.743 |
45.728 |
212.724 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
164.404 |
39.434 |
181.737 |
|
|
CST 2% on Purchase |
0.014 |
0.000 |
0.000 |
|
|
Cutting Charges |
0.000 |
0.000 |
0.000 |
|
|
Import Purchase Expenses |
0.122 |
0.122 |
0.343 |
|
|
Octroi Expenses |
1.547 |
0.622 |
0.000 |
|
|
Transport Inward |
0.069 |
0.370 |
2.251 |
|
|
Transport Octroi Fright
Inward |
0.407 |
0.078 |
0.000 |
|
|
Audit Fees |
0.025 |
0.025 |
0.040 |
|
|
Advertisement Expenses |
0.021 |
0.010 |
0.080 |
|
|
Bad Debts |
0.055 |
0.080 |
0.286 |
|
|
Bandsaw blade expesnes |
0.000 |
0.000 |
1.761 |
|
|
Cartages Charges |
0.001 |
0.005 |
0.000 |
|
|
Commission and brokerages |
2.482 |
0.080 |
0.630 |
|
|
Computer expenses |
0.000 |
0.028 |
0.091 |
|
|
Conveyance Expenses |
0.333 |
0.008 |
0.437 |
|
|
Discount rebate and
settlement |
0.000 |
0.106 |
0.830 |
|
|
Diwali Expenses |
0.044 |
0.000 |
0.096 |
|
|
Donation |
0.025 |
0.000 |
0.111 |
|
|
Electricity CGS |
0.614 |
0.048 |
0.501 |
|
|
ESIC |
0.066 |
0.000 |
0.000 |
|
|
Exhibition Expenses |
0.019 |
0.024 |
0.293 |
|
|
Gas and fuel |
0.000 |
0.000 |
0.170 |
|
|
Godown rent |
0.000 |
0.000 |
1.200 |
|
|
Insurance Expenses |
0.066 |
0.000 |
0.049 |
|
|
Internet expenses |
0.000 |
0.000 |
0.016 |
|
|
Labour Charges |
0.060 |
0.009 |
0.708 |
|
|
Legal and Stamping CGS |
0.058 |
0.120 |
0.119 |
|
|
Loss on sales of car |
0.000 |
0.201 |
0.146 |
|
|
Machinery space |
0.000 |
0.000 |
0.082 |
|
|
Licence Fees |
0.036 |
0.000 |
0.031 |
|
|
Loan Processing CGS |
0.057 |
0.000 |
0.016 |
|
|
Machine and Hardening
Charges |
0.024 |
0.000 |
0.000 |
|
|
Material Testing Expenses |
0.027 |
0.049 |
0.092 |
|
|
Medical Expenses |
0.004 |
0.002 |
0.014 |
|
|
Motor Car Expenses |
0.890 |
0.075 |
1.032 |
|
|
Motor Car insurance |
0.134 |
0.000 |
0.043 |
|
|
Office Repair and
maintenance |
0.007 |
0.191 |
0.931 |
|
|
Postage and Courier |
0.080 |
0.014 |
0.080 |
|
|
Printing and stationery |
0.000 |
0.101 |
0.400 |
|
|
Processing charges-yes
bank |
0.000 |
0.000 |
0.056 |
|
|
Professional Fees |
0.133 |
0.000 |
0.045 |
|
|
Professional tax |
0.000 |
0.000 |
0.024 |
|
|
Property tax |
0.000 |
0.000 |
0.035 |
|
|
Salary to Working Partner |
0.200 |
0.000 |
0.000 |
|
|
Salary wages and bonus |
3.307 |
0.000 |
2.149 |
|
|
Sales promotion expenses |
0.474 |
0.074 |
0.501 |
|
|
Scooter insurance |
0.004 |
0.000 |
0.005 |
|
|
Sundry and Office Gen
Expenses |
0.155 |
0.086 |
0.163 |
|
|
Security Charges |
0.055 |
0.000 |
0.128 |
|
|
Society Charges |
0.193 |
0.000 |
0.000 |
|
|
Staff Welfare Expenses |
0.322 |
0.049 |
0.205 |
|
|
Sales tax |
0.000 |
0.000 |
0.001 |
|
|
Service tax |
0.000 |
0.000 |
0.122 |
|
|
Shop Expenses |
0.352 |
0.000 |
0.635 |
|
|
Shop rent |
0.000 |
0.000 |
0.010 |
|
|
Software computer
expenses |
0.000 |
0.000 |
0.027 |
|
|
Telephone Expenses |
0.323 |
0.064 |
0.230 |
|
|
Toll Tax Expenses |
0.025 |
0.007 |
0.059 |
|
|
Transport and Cartage
Outwards |
1.455 |
0.498 |
2.004 |
|
|
Transport and Cartage
(Sr. Tax) |
1.964 |
0.487 |
0.363 |
|
|
Travelling Expenses |
0.206 |
0.037 |
0.128 |
|
|
Partners Remuneration |
8.000 |
0.000 |
0.000 |
|
|
Water Connection Charges |
0.049 |
0.000 |
0.052 |
|
|
TOTAL |
188.908 |
43.104 |
201.558 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
13.835 |
2.624 |
11.166 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
7.389 |
1.415 |
5.341 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
6.446 |
1.209 |
5.825 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.129 |
0.505 |
0.977 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) FOR THE YEAR |
5.317 |
0.704 |
4.848 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
182.24 |
717.24 |
180.61 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
2.00 |
0.51 |
2.02 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
127.01 |
476.51 |
143.01 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.39 |
0.08 |
0.47 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
2.21 |
0.44 |
1.69 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.89 |
0.97 |
0.93 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.39 |
4.65 |
5.33 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
6.80 |
33.41 |
10.58 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.40 |
1.78 |
0.64 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
1.87 |
1.85 |
2.09 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales [(PAT/Sales) * 100) |
% |
3.19 |
2.68 |
2.78 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
4.47 |
0.91 |
4.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
41.11 |
35.65 |
56.92 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.29 |
1.12 |
1.21 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.96 |
0.83 |
0.99 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.11 |
0.03 |
0.07 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.39 |
4.65 |
5.33 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.29 |
1.12 |
1.21 |
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 |
10.233 |
3.391 |
15.678 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
10.233 |
3.391 |
15.678 |
|
|
|
|
|
|
Secured Loan |
18.580 |
15.773 |
21.821 |
|
Unsecured Loan |
35.967 |
0.000 |
0.000 |
|
Total
borrowings |
54.547 |
15.773 |
21.821 |
|
Debt/Equity
ratio |
5.330 |
4.651 |
1.392 |
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
|
209.404 |
45.139 |
202.286 |
|
|
|
(78.444) |
348.140 |
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
|
209.404 |
45.139 |
202.286 |
|
Profit/
(Loss) |
4.848 |
0.704 |
5.317 |
|
|
2.32% |
1.56% |
2.63% |
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 |
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
No |
|
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 |
No |
|
29 |
Profitability for last three 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 |
FIXED ASSET
· Industrial Fan
· Laserjet Printer
· Milling Machine
· Motor Car Ertiga ZDI
· Motor Car Octavia
· Nerniar Machine
· Pipe Cutting Machine
· Pug Cutting Machine
· Rotary Grinding Machine
· Refrigerator
· Scooter
· Wall Fan Industrial, etc.
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 67.83 |
|
UK Pound |
1 |
INR 91.68 |
|
Euro |
1 |
INR 80.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--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 |
New 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.