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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

510154

Report Date :

22.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

MUMBAI CARGO SERVICE CENTER AIRPORT PRIVATE LIMITED

 

 

Registered Office :

201, B-Wing, Polaris, CTC-604/A, Off. Marol Maroshi Road, Near Manglya Complex, Andheri (East), Mumbai – 400059, Maharashtra

Tel. No.:

91-22-40433906

 

 

Country :

India

 

 

Financials (as on) :

Not Available

 

 

Date of Incorporation :

17.03.2017

 

 

Com. Reg. No.:

11-292564

 

 

Capital Investment / Paid-up Capital :

INR 28.571 Million

 

 

CIN No.:

[Company Identification No.]

U63040MH2017PTC292564

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

GSTN :

[Goods & Service Tax Registration No.]

Not Divulged

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAKCM9201G

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in the business of providing, arranging airport services comprising of airport ground handing operation including warehousing, physical handling of cargo, document handling, tracking and tracing of cargo, packing and repacking, loading and unloading of cargo and other related activities. [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 :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Relatively new business

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated on 17th March 2017 and it is engaged in the business of providing, arranging airport services comprising of airport ground handing operation including warehousing, physical handling of cargo, document handling, tracking and tracing of cargo, packing and repacking, loading and unloading of cargo and other related activities.

 

The subject acts as a subsidiary of “Cargo Service Center India Private Limited (CSC Group)” which handles terminal at Indira Gandhi International Airport (IGAI), one of the largest airport in India in terms of cargo management.

 

Management denied to provide any information about the subject.

 

As per indirect source we could find that the subject’s holding entity has entered into Joint Venture agreement with “STATS Limited” a Singapore based company for handling concession for designing, developing, operation and managing cargo facilities at CSIA, Mumbai.

 

Rating takes into account, the strong financial and managerial support from its holding entity.

 

However, these rating strengths gets partially offset by non-availability of any financial information to evaluate risk associated with the subject.

 

Payment seems to be unknown.

 

In view of aforesaid, the company can be considered for business dealing with some caution.

 

NOTE:

 

Site visit was conducted at the given address and our executive had successfully traced the subject.

 

At the premise our executive met to Security Guard (Name not disclosed) and he did not allow to enter the premise.

 

As per our executive observation, it’s a 7 storey building and subject is situated on 2nd floor.

 

Location was easy to find, locality seems to be commercial and area near the premise building appears to be upmarket.

 

Name board of the subject was sighted at the given premise address.

 

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 22.05.2018

 

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 (91-22-40433906)

 

LOCATIONS

 

Registered / Corporate Office :

201, B-Wing, Polaris, CTC-604/A, Off. Marol Maroshi Road, Near Manglya Complex, Andheri (East), Mumbai – 400059, Maharashtra, India

Tel. No.:

91-22-40433906

Fax No.:

91-22-29205768

E-Mail :

harish.shetty@cscindia.in

marketing@cscindia.in

Website :

www.cscindia.in

Locality :

Commercial (At site visit)

 

 

Regional / Branch Office 1 :

301-303, Rangoli, Opposite Air Cargo Complex, Sahar Road, Andheri (East), Mumbai – 400099, Maharashtra, India

Tel. No.:

91-22-42215100_06

Fax No.:

91-22-26817047

 

 

Regional / Branch Office 2 :

105, Labh Complex, Opposite Sattar Taluka Society, Near Sakar III, Income Tax Area, Ahmedabad – 380014, Gujarat, India

Tel. No.:

91-79-40071177 / 40070390

Fax No.:

91-79-40070395

 

 

Regional / Branch Office 3 :

2/1, Spark Mansion, Dr. Ambedkar Salai, Meenambakkam, Chennai – 600027, Tamilnadu, India

Tel. No.:

91-44-22561371_72

 

 

Regional / DCSC Office :

Cargo Terminal 2, Gate 6, Air Cargo Complex, IGI Airport, New Delhi – 110037, India

Tel. No.:

91-11-49993811

Fax No.:

91-11-49976676

 

 

DIRECTORS

 

AS ON 2018

 

Name :

Mr. Tushar Kumudrai Jani

Designation :

Director

Address :

Flat No. 1801, B-Wing, Chaitanya Tower CHS Limited, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India

Date of Appointment :

17.03.2017

DIN No.:

00192621

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U74999MH2007PTC175013

SPAN DESIGN & SOLUTION SERVICE PRIVATE LIMITED

15/10/2007

-

U63030MH2005PTC155498

ALBATROSS LOGISTICS CENTRE (INDIA) PRIVATE LIMITED

12/05/2008

-

U63090MH2003PTC140709

VASE (INDIA) PRIVATE LIMITED

03/06/2003

-

U35111MH2001PTC132579

NIJOY FREIGHT SYSTEMS PRIVATE LIMITED

02/07/2001

-

U74120MH2013PTC245618

SCA LOGISTICS PRIVATE LIMITED

13/07/2013

-

U74999MH2015PTC269779

JANI-SCA RESEARCH AND DEVELOPMENT PRIVATE LIMITED

02/11/2015

-

U74120MH2016NPL271911

JANI-IEF ENTREPRENEURSHIP FOUNDATION

11/01/2016

-

U63030MH2017PTC292494

MUMBAI CARGO SERVICE CENTER COLD CHAIN SOLUTIONS PRIVATE LIMITED

16/03/2017

-

U74999MH2013PTC246679

CARGO SERVICE CENTER SKILL & TRAINING ACADEMY PRIVATE LIMITED

05/08/2013

-

U74900DL2009PTC196125

DELHI CARGO SERVICE CENTER PRIVATE LIMITED

18/11/2009

-

U70102MH2007PTC176624

BIGSPACE REALTY PRIVATE LIMITED

30/01/2008

-

U63011MH2006PTC163312

TRANSMART (INDIA) PRIVATE LIMITED

26/07/2006

-

U72200TG2006PTC049167

SCMOOTH (INDIA) PRIVATE LIMITED

30/12/2006

-

U22110DL1998PTC094399

INDIANNICA LEARNING PRIVATE LIMITED

05/07/2017

-

U63010MH1994PTC078721

CARGO SERVICE CENTER INDIA PRIVATE LIMITED

05/11/2009

-

U35303MH1994PLC078691

BLUE DART AVIATION LIMITED

31/05/1994

-

U63090MH1988PTC046028

BLUE SEA SHIPPING AGENCY PRIVATE LIMITED

28/01/1988

-

U63090MH1987PTC042133

RITU FREIGHT AND TRANSPORT SERVICES PVT LTD

07/01/1987

-

L22200MH1984PLC034055

NAVNEET EDUCATION LIMITED

06/09/2010

-

 

 

Name :

Khushroo Maneck Dubash

Designation :

Director

Address :

402, Samudra Pooja, Theosophical Colony, Juhu Tara Road, Juhu, Mumbai – 400049, Maharashtra, India

Date of Appointment :

17.03.2017

DIN No.:

00199661

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U63010MH1994PTC078721

CARGO SERVICE CENTER INDIA PRIVATE LIMITED

05/11/2009

-

U72200TG2006PTC049167

SCMOOTH (INDIA) PRIVATE LIMITED

30/12/2006

-

U63011MH2006PTC163312

TRANSMART (INDIA) PRIVATE LIMITED

24/12/2006

-

U52100MH2007PTC173908

S.N.K. MERCANTILE PRIVATE LIMITED

07/09/2007

-

U74900DL2009PTC196125

DELHI CARGO SERVICE CENTER PRIVATE LIMITED

19/08/2013

-

U01403MH2010PTC210176

GAIA GARDENS PRIVATE LIMITED

18/11/2010

-

U74999MH2013PTC246679

CARGO SERVICE CENTER SKILL & TRAINING ACADEMY PRIVATE LIMITED

05/08/2013

-

U63030MH2017PTC292494

MUMBAI CARGO SERVICE CENTER COLD CHAIN SOLUTIONS PRIVATE LIMITED

16/03/2017

-

 

 

Name :

Mr. Yacoob Bin Ahmed Piperdi

Designation :

Additional Director

Address :

BLK 73, Jalan Tua Kong, # 04 - 05 Singapore 457266, Singapore

Date of Appointment :

27.12.2017

DIN No.:

03292525

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U63033MH2008PTC189146

SATS (INDIA) CO. PRIVATE LIMITED

08/09/2015

-

U74900DL2010PTC201763

AIR INDIA SATS AIRPORT SERVICES PRIVATE LIMITED

28/02/2014

-

 

 

Name :

Mr. Alexander Charles Hungate

Designation :

Additional Director

Address :

8 Napier Road, #09-04 8 Naiper Singapore 258502, Singapore

Date of Appointment :

27.12.2017

DIN No.:

06713861

Other Directorship:

CIN/FCRN

Company Name

Begin Date

End Date

U63033MH2008PTC189146

SATS (INDIA) CO. PRIVATE LIMITED

08/09/2015

-

U74900DL2010PTC201763

AIR INDIA SATS AIRPORT SERVICES PRIVATE LIMITED

28/02/2014

-

 

 

MAJOR SHAREHOLDERS

 

AS ON 16.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Cargo Service Center India Private Limited, India

9999

99.99

Tushar Kumudrai Jani

1

0.01

Total

10000

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the business of providing, arranging airport services comprising of airport ground handing operation including warehousing, physical handling of cargo, document handling, tracking and tracing of cargo, packing and repacking, loading and unloading of cargo and other related activities. [Registered Activity]

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Not Divulged 

 

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

Customers :

 

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Banker Name :

Not Divulged 

Branch :

Not Divulged 

Person Name (With Designation) :

--

Contact Number :

--

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

--

 

 

Auditors :

Not Divulged 

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company :

Cargo Service Center India Private Limited, India

 

 

CAPITAL STRUCTURE

 

Authorised Capital : INR 100.000 Million

 

Issued, Subscribed & Paid-up Capital : INR 28.571 Million

 

 

FINANCIAL DATA

[all figures are in INR Million]

 

NEW BUSINESS

 

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

Yes

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

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)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

No

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

No

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last three years

No

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

No

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

 

 

OBSERVATION POINTS

 

Name of Company :

MUMBAI CARGO SERVICE CENTER AIRPORT PRIVATE LIMITED

 

 

Address :

201, B-Wing, Polaris, CTC-604/A, Off. Marol Maroshi Road, Near Manglya Complex, Andheri (East), Mumbai – 400059, Maharashtra, India

 

 

Person to whom we met:

Security Guard (Name Not Divulged)

 

 

Name Board :

Sighted

 

 

Location:

Easy

 

 

Total Floors of the building:

7 Floor

 

 

Subject situated on:

2nd Floor

 

 

Locality:

Commercial

 

 

Area :

Upmarket

 

 

Proof of visit:

Photograph

 

 

INDEX OF CHARGES:

 

S

No

SRN

Charge Id

Charge Holder Name

Date of Creation

Date of Modification

Date of Satisfaction

Amount

Address

1

G74683640

100149605

Catalyst Trusteeship Limited

28/12/2017

-

-

4454000000.0

GDA House, First Floor, Plot No. 85S. No. 94 & 95, Bhusari Colony (Right), Kothrud Pune Maharashtra 411038, India

 

 

PRESS RELEASE:

 

SATS UNIT IN JV FOR SUBSCRIPTION FOR 49% STAKE IN MUMBAI CARGO SERVICE CENTER

 

December 27, 2017

MAINBOARD-LISTED Sats on Wednesday announced that its wholly owned subsidiary struck a joint venture (JV) for the subscription of a 49 per cent stake in Mumbai Cargo Service Center Airport Private Limited (MCSC) on Dec 26.

The subsidiary - Sats Investments II - had agreed to a joint venture with Cargo Service Center India Private Limited (CSC), which wholly owns MCSC.

The JV will see Sats subscribe to 1.4 million new ordinary shares of MCSC for 49 million rupees (S$1.03 million) while CSC has subscribed for approximately 1.46 million new ordinary shares worth 50.9 million rupees in cash.

In addition, Sats subscribed for 730.2 million rupees of compulsorily convertible debentures in MCSC, the groundhandler said in a filing with the Singapore Exchange after the market closed.

Meanwhile, CSC subscribed for a further 760 million rupees worth of new ordinary shares which will be satisfied through the transfer of CSC's existing general cargo export management business in Mumbai to MCSC.

CSC WINS CARGO HANDLING CONCESSION TO DEVELOP FACILITIES AT CSIA AIRPORT

 

January 23, 2018

CSC- in a joint venture with SATS, has been recently awarded a cargo handling concession for designing, developing, operating and managing the international cargo facilities at Chhatrapati Shivaji International Airport in Mumbai.

According to reports, in the joint venture company-Mumbai Cargo Service Center Airport Private Limited, CSC holds 51 percent stake, rest 49 percent by SATS. The concession will commence in April 2018 till 2036.

CSC, which has been providing its services since 1995, is currently the country's largest air cargo facility handling Services Company. CSC operates and manages air cargo handling facilities in Mumbai, Delhi, Ahmedabad, Aurangabad, and Mangalore airports. Besides, it handles over six lakh tonnes of cargo every year across various airports of the country.

With this acquisition, CSC group is expected to handle over ten lakh tonnes of cargo per annum across various airports of the country. Earlier, CSC has also been awarded a concession to expand and operate the existing cold chain temperature controlled cargo terminal at CSIA Airport Mumbai till 2036.

SATS is Asia's leading provider of food solutions and gateway services with a network spanning 14 countries and 54 cities. It has proven expertise in operating air cargo handling facilities, and has invested substantially in technology to enhance service and efficiency.

Mumbai airport is an important cargo gateway airport of the country, and currently handles 33 percent of country's international air cargo. CSC and SATS along with MIAL will develop a world-class air cargo handling facility at Mumbai airport and deliver top rated customer service. With this latest win, SATS and CSC will connect the Mumbai hub to their network, increasing connectivity and growth potential for their airline customers and shippers.

Tushar Jani, chairman of the CSC group said: "With this concession, CSC group will be providing seamless quality services to Mumbai, Delhi and Ahmedabad, Exim community and international airlines. He further said that CSC group's endeavor is to achieve industry leadership through innovative and efficient processes and motivated people."

 

DSK, Khaitan, Luthra act on SATS winning bid in INR 6000.000 MILLION Mumbai airport int’l cargo concession JV

 

11 January 2018

“SATS, in a joint bid with Cargo Service Center India (CSC), has won a cargo handling concession contract in Chhatrapati Shivaji International Airport in Mumbai, India.”, reported The Business Times. The joint venture constituted between CSC and SATS Investment, a subsidiary of SATS wherein SATS Investment has subscribed for a 49% equity stake in CSC's subsidiary, Mumbai Cargo Service Center Airport, which will be responsible for operating the concession and managing the international cargo facilities at the airport. The gross deal value of the project is estimated to be around INR 6000.000 million (around $94.3).

DSK Legal advised Cargo Service Center and its promoters, Tushar Jani and Khushroo Dubash, in connection with the tender process, concession agreement with MIAL and joint-venture agreement for the project, and also assisted in raising debt facilities from the lenders. The DSK transaction team was led by partner Ajay Shaw, managing associate Ashish Pahariya along with associates Soham Mookherjee, Anisha Kumar and Yojit Pareek, according to DSK's press release.

A Khaitan & Co Mumbai-based team advised Sats Investments, a subsidiary of SATS Limited on the transaction, with a team including partner Akhil Bhatnagar, partner Gahan Singh, senior associate Samridha Neupane, senior associate Jhinook Roy, associate Dhruv Chopra and associate Harshita Khurana.

Luthra & Luthra Mumbai acted as the legal counsel for IDFC Infrastructure Finance and L&T Infrastructure Finance , the lenders to the project, whereas SBI Capital Markets was the arranger for the debt transaction.

The cargo operations handled at the international airport in Mumbai is among the largest in the country and this is the first time that MIAL has awarded a long-term concession to a private operator for a period of 19 years.

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 67.96

UK Pound

1

INR 91.88

Euro

1

INR 80.28

 

 

INFORMATION DETAILS

 

Information Gathered by :

SAV

 

 

Analysis Done by :

NIS

 

 

Report Prepared by :

NKT

 

 

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

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)

 

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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