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|
|
MIRA INFORM REPORT
|
Report No. : |
508481 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
DEVASHRI NIRMAN LIMITED LIABILITY PARTNERSHIP |
|
|
|
|
Registered
Office : |
203, Tulsiani Chambers, Free Press Journal Marjg, Narinman Point, Mumbai – 400021, Maharashtra |
|
Tel. No. : |
91-832-2441300 |
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|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
19.09.2011 |
|
|
|
|
Total Obligation
of Contribution : |
INR 0.150 Million |
|
|
|
|
LLPIN : |
AAA-6304 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Divulged |
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|
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|
Legal Form : |
Limited Liability Partnership |
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|
|
|
Line of Business
: |
Subject is engaged into business activity Consists of Land Developers,
Builders, Engineers, Erectors, Commission Agents, Mechanical Contractors.
[Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 1890000 |
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|
|
|
Status : |
Good |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a Limited Liability Partnership Firm established in the year 2011. It is engaged into Construction business. For the financial year 2017, the subject has achieved a massive growth in its revenue as compared to previous year along with healthy profit margin of 21.82%. The rating takes into consideration the sound financial profile of the company marked by adequate capital base along with strong debt coverage indicators due to low debt balance sheet profile. However, rating strength are partially offset highly competitive construction industry. Business is active. Payment seems to be slow but correct. In view of aforesaid, the subject 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
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 19.05.2018.
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 DECLINED BY
|
Name : |
Mr. Tilve |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-832-2441300 |
|
Date : |
10.05.2018 |
[91-9822486641] not working
[91-982258667] switched off
[91-8975555558] ringing
LOCATIONS
|
Registered Office : |
203, Tulsiani Chambers, Free Press Journal Marjg, Narinman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No. : |
91-832-2441300 |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
Website : |
PARTNERS
AS ON 31.03.2018
|
Name : |
Mrs. Pallavi Shrinivas Dempo |
||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Designated Partner |
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|
Address : |
Dempo Villa, Altinho Panaji - 403001, Goa, India |
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Date of Birth: |
15.02.1975 |
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|
Date of Appointment : |
19.09.2011 |
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|
PAN No.: |
APTPD0735B |
||||||||||||||||||||||||||||||||||||||||||||
|
DPIN No.: |
00003489 |
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Other Directorship :
|
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|
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|
||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Shrinivas Vasudeva Dempo |
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|
Designation : |
Designated Partner |
||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Dempo Villa, Altinho, Panaji - 403001, Goa, India |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth: |
02.02.1969 |
||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.09.2011 |
||||||||||||||||||||||||||||||||||||||||||||
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PAN No.: |
ABTPD0741M |
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DPIN No.: |
00043413 |
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|
|
||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Neela Vasudeva Dempo |
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|
Designation : |
Designated Partner |
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|
Address : |
Dempo Villa Altinho, Panaji - 403001, Goa, India |
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|
Date of Birth: |
20.09.1942 |
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Date of Appointment : |
19.09.2011 |
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PAN No.: |
ABTPD9660R |
||||||||||||||||||||||||||||||||||||||||||||
|
DPIN No.: |
00143371 |
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Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||
CONTRIBUTION DETAILS
AS ON 31.03.2018
|
Names of Persons |
Monetary value
of contribution (INR In Million) |
|
Shrinivas Vasudeva Dempo |
0.050 |
|
Pallavi Shrinivas Dempo |
0.050 |
|
Neela Vasudeva Dempo |
0.050 |
|
Total |
0.150 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into business activity Consists of Land Developers,
Builders, Engineers, Erectors, Commission Agents, Mechnical Contractors. [Registered
Activity] |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
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|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
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No. of Employees : |
Not Divulged |
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|
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
|
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Auditors : |
|
|
Name : |
Naik Gaunekar and Company Chartered Accountants |
|
Address : |
106, Govinda Building, Mahtma Gandhi Road, Panjim – 403001, Goa, India
|
|
Tel. No.: |
91-832-2225969/ 2228359 |
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E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
PARTNER CAPITAL
ACCOUNT
AS ON 31.03.2017
|
Capital Investment : |
INR in Million |
|
Shrinivas V Dempo |
0.050 |
|
Neela V Dempo |
0.050 |
|
Pallavi S Dmpo |
0.050 |
|
|
|
|
Total : |
0.150 |
PARTNER CURRENT
ACCOUNT
|
Sr. No. |
Name of Persons |
Share of Profit Loss % |
Opening Balance as on 01.04.16
(Debit)/Credit |
Advances/ (Withdrawals) for the year
ended 31.03.2017 |
Profit/ (Loss) for year 01.04.16 to
31.03.17 |
Balance as on 31.03.17 (Debit)/ Credit |
|
1 |
Shrinivas V. Dempo |
1/3 rd |
27.462 |
(7.500) |
39.940 |
59.903 |
|
2 |
Neela V. Dempo |
1/3 rd |
275.617 |
--- |
39.940 |
315.557 |
|
3 |
Pallavi S. Dempo |
1/3 rd |
245.733 |
--- |
39.940 |
285.673 |
|
Total |
-- |
-- |
548.812 |
(7.500) |
119.820 |
661.133 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners capital account |
0.150 |
0.150 |
0.150 |
|
|
2] Partners current account |
661.133 |
548.812 |
568.238 |
|
|
3] Reserves & Surplus |
0.159 |
0.159 |
0.157 |
|
|
NETWORTH |
661.442 |
549.121 |
568.545 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
19.995 |
54.991 |
|
|
2] Unsecured Loans |
52.500 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
52.500 |
19.995 |
54.991 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
713.942 |
569.116 |
632.536 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.851 |
4.759 |
5.126 |
|
|
Capital work-in-progress |
44.299 |
67.926 |
121.681 |
|
|
|
|
|
|
|
|
INVESTMENT |
287.708 |
0.010 |
0.010 |
|
|
DEFERRED TAX ASSETS |
0.382 |
0.100 |
0.096 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
762.602
|
621.289
|
299.032
|
|
|
Sundry Debtors |
43.585
|
29.234
|
30.603
|
|
|
Cash & Bank Balances |
57.940
|
92.706
|
89.754
|
|
|
Other Current Assets |
52.823
|
74.211
|
91.968
|
|
|
Loans & Advances |
380.657
|
302.948
|
250.961
|
|
Total
Current Assets |
1341.906
|
1188.314
|
584.967
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.460
|
31.740
|
10.905
|
|
|
Other Current Liabilities |
618.736
|
387.568
|
105.658
|
|
|
Provisions |
270.709
|
204.759
|
149.132
|
|
Total
Current Liabilities |
922.905
|
624.067
|
265.695
|
|
|
Net Current Assets |
374.702
|
496.321
|
496.623
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
713.942 |
569.116 |
623.499 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
539.273 |
142.949 |
327.198 |
|
|
|
Other Income |
10.175 |
17.480 |
25.170 |
|
|
|
TOTAL |
549.448 |
160.429 |
352.368 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/(decrease) in work in progress |
(145.877) |
(331.995) |
39.703 |
|
|
|
Increase/(decrease) in value of unsold flats |
28.191 |
83.494 |
(18.100) |
|
|
|
Expenses incurred on construction jobs during the yea |
422.011 |
227.559 |
121.677 |
|
|
|
Salary and other staff benefit |
26.805 |
18.155 |
10.269 |
|
|
|
Expenses of job completed |
1.765 |
3.011 |
1.515 |
|
|
|
Repairs, Maintenance and fuel |
2.184 |
1.951 |
1.452 |
|
|
|
Rent rates taxes and insurance |
4.123 |
2.493 |
2.352 |
|
|
|
Adm. and other expenses |
22.013 |
25.081 |
19.880 |
|
|
|
TOTAL |
361.215 |
29.749 |
178.748 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE INTEREST,
DEPRECIATION AND AMORTISATION |
188.233 |
150.680 |
173.620 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE DEPRECIATION AND AMORTISATION |
188.233 |
150.680 |
173.620 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
2.745 |
0.969 |
1.086 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
185.488 |
149.711 |
172.534 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
65.668 |
54.637 |
57.229 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
119.820 |
95.075 |
115.305 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
29.50 |
74.64 |
34.14 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
12.37 |
4.89 |
10.69 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.25 |
0.21 |
0.58 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
3.68 |
1.80 |
1.37 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.60 |
0.54 |
0.36 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.08 |
0.04 |
0.10 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.47 |
1.14 |
0.47 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.08 |
0.13 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
0.00
|
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
22.22 |
52.52 |
35.24 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
7.32 |
6.29 |
12.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
18.11 |
13.67 |
20.28 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.33 |
1.80 |
2.87 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.55 |
0.80 |
1.74 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.40 |
0.46 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
350.00 |
133.30 |
366.61 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.33 |
1.80 |
2.87 |
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 |
|
Partners Capital Account |
0.150 |
0.150 |
0.150 |
|
Partners Current Account |
568.238 |
548.812 |
661.133 |
|
Reserves & Surplus |
0.157 |
0.159 |
0.159 |
|
Net
worth |
568.545 |
549.121 |
661.442 |
|
|
|
|
|
|
Secured Loans |
54.991 |
19.995 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
52.500 |
|
Total
borrowings |
54.991 |
19.995 |
52.500 |
|
Debt/Equity
ratio |
0.097 |
0.036 |
0.079 |
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 |
327.198 |
142.949 |
539.273 |
|
|
|
(56.311) |
277.249 |
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 |
327.198 |
142.949 |
539.273 |
|
Profit |
115.305 |
75.074 |
119.820 |
|
|
35.24% |
52.52% |
22.22% |
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 |
No |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXISTS FOR COMPANY
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 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
ARCH |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
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 |
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.