|
|
|
MIRA INFORM REPORT
|
Report No. : |
510427 |
|
Report Date : |
23.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
3B FILMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
SF 220, Pancham Icon, Besides D-Mart, Vasna Road, Vadodara-390007, Gujarat |
|
Tel. No.: |
91-265-2250566 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
03.09.2014 |
|
|
|
|
Com. Reg. No.: |
04-080685 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 125.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200GJ2014PTC080685 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ7769A |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of rubber and plastic products. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Recently commenced operations |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2014.
|
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 |
ICRA |
|
Rating |
Long term = B |
|
Rating Explanation |
Risk prone credit quality and carries very high carries very high
credit risk |
|
Date |
10.05.2017 |
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 23.05.2018
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 BY
|
Name : |
Mr. Mukesh Dhanjibhai Babariya |
|
Designation : |
Director |
|
Contact No.: |
91-7202903335 |
|
Date : |
21.05.2018 |
Mobile No.:91-9979426008 / Tel No.:91-265-2250566 (Continuously ringing)
LOCATIONS
|
Registered Office : |
SF 220, Pancham Icon, Besides D-Mart, Vasna Road, Vadodara-390007, Gujarat, India |
|
Tel. No.: |
91-265-2250566 |
|
Mobile No.: |
91-7202903335 (Mr. Mukesh Dhanjibhai Babariya) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. Ft |
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory : |
Block No, 1241 to 1244, Padra Jambusa Highway, Post Masar Taluka
Padra, District Vadodara – 391421, Gujarat, India |
|
Area : |
1000 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Nitinbhai Dhanjibhai Babariya |
|
Designation : |
Managing Director |
|
Address : |
25-26K, Santhivan Society Varachharod, Surat – 395006, Gujarat, India |
|
Date of Appointment : |
20.06.2017 |
|
DIN No.: |
06904410 |
|
|
|
|
Name : |
Mr. Ashokbhai Dhanjibhai Babariya |
|
Designation : |
Director |
|
Address : |
904, Milestone, Behind New Bright Day School, Vasna Bhayli Road, Bhayli, Vadodara-391410, Gujarat, India |
|
Date of Birth: |
25.11.1970 |
|
Date of Appointment : |
03.09.2014 |
|
PAN No.: |
AAYPB8563B |
|
DIN No.: |
03363509 |
|
|
|
|
Name : |
Mr. Mukesh Dhanjibhai Babariya |
|
Designation : |
Director |
|
Address : |
25/26, Santhivan Society, Varachha Road, Surat-395006, Gujarat, India |
|
Date of Birth: |
26.03.1975 |
|
Date of Appointment : |
03.09.2014 |
|
PAN No.: |
AQTPB6621K |
|
DIN No.: |
06904399 |
|
|
|
|
Name : |
Mrs. Gulabben Nitinbhai Babariya |
|
Designation : |
Director |
|
Address : |
25-26, Shantivan Society, Near Panchratna Tower, L.H. Road, Surat-395006, Gujarat, India |
|
Date of Birth: |
01.06.1973 |
|
Date of Appointment : |
12.09.2014 |
|
PAN No.: |
BBUPB3445G |
|
DIN No.: |
06975120 |
KEY EXECUTIVES
|
Name : |
Mr. Malay Khitishchandra Bhowmick |
|
Designation : |
Chief Executive Officer |
|
Address : |
7 Rudraksh, Flats 4, Laxmi Society, Haribhakti Extn Race Course, Vadodara- 390007, Gujarat, India |
|
Date of Appointment : |
13.07.2017 |
|
PAN No.: |
ABIPB3275D |
|
|
|
|
Name : |
Mr. Mikil Nitinbhai Gohil |
|
Designation : |
Company Secretary |
|
Address : |
E/42/ 43, First Floor, Krishna Lila Society, Harni Warasiya, Ring Road, Vadodara -390006, Gujarat, India |
|
Date of Appointment : |
10.05.2017 |
|
PAN No.: |
BIMPG9280K |
|
|
|
|
Name : |
Ms. Kunjan |
|
Designation : |
Accounts and Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.03.2017
|
Names of Shareholders |
No. of Shares |
%age |
|
Gulabben Nitinbhai Babariya |
4167500 |
33.34 |
|
Ashokbhai Dhanjibhai Babariya |
4166250 |
33.33 |
|
Mukesh Dhanjibhai Babariya |
4166250 |
33.33 |
|
Total |
12500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2017
|
Category |
Percentage |
|
Promoters |
|
|
Promoters (Individual/Hindu Undivided Family – Indian) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of rubber and plastic products. (Registered Activity) |
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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 |
PRODUCTION STATUS AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|||||||||||||||||||||
|
Name : |
Bharat H. Shah and Company Chartered Accountants |
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|
Address : |
320, " Super Mall", Near Lal Bunglow, CG Road, Navrangpura, Ahmedabad- 380006, Gujarat, India |
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PAN No.: |
AAKFB7245G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
After 30.09.2017
Authorised Capital : INR 200.000 Million
Issued, Subscribed & Paid-up Capital : INR 200.000
Million
As on: 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
INR 10/- each |
INR 125.000 Million |
|
|
|
|
|
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 |
125.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
(20.431) |
0.000 |
0.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
104.569 |
10.000 |
10.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
412.905 |
133.762 |
22.672 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1.019 |
0.331 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
413.924 |
134.093 |
22.672 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
29.980 |
0.000 |
0.000 |
|
(b) Trade
payables |
8.982 |
8.663 |
0.162 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
6.940 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
38.962 |
8.663 |
7.102 |
|
|
|
|
|
|
TOTAL |
557.455 |
152.756 |
39.774 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
486.261 |
0.763 |
0.095 |
|
(ii)
Intangible Assets |
0.762 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
77.288 |
22.042 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
8.318 |
0.010 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
71.437 |
0.045 |
|
(e) Other
Non-current assets |
7.829 |
0.280 |
0.280 |
|
Total Non-Current
Assets |
503.170 |
149.778 |
22.462 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
34.532 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
1.140 |
1.888 |
17.311 |
|
(e) Short-term
loans and advances |
13.258 |
0.000 |
0.001 |
|
(f) Other
current assets |
5.355 |
1.090 |
0.000 |
|
Total
Current Assets |
54.285 |
2.978 |
17.312 |
|
|
|
|
|
|
TOTAL |
557.455 |
152.756 |
39.774 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.056 |
0.000 |
0.000 |
|
|
|
TOTAL |
0.056 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Employee benefit expense |
7.575 |
0.000 |
0.000 |
|
|
|
|
Other Expense |
5.372 |
0.000 |
0.000 |
|
|
|
TOTAL |
12.947 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(12.891) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.540 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
(20.431) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.000 |
0.109 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(20.431) |
(0.109) |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(20.431) |
(0.109) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (INR) |
(1.63) |
0.008 |
0.00 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
NA |
|
Cash generated from operations |
NA |
(70.590) |
6.777 |
|
Net cash flows from (used in) operations |
(34.003) |
(0.109) |
NA |
|
Net cash flows from (used in) operating activities |
(34.003) |
(0.109) |
6.777 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.00 |
0.00 |
0.00 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.81 |
0.93 |
0.75 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
4.24 |
13.38 |
2.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.37 |
0.87 |
0.71 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
4.66 |
7.81 |
2.21 |
|
|
|
|
|
|
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) |
% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
0.00 |
0.00 |
0.00 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.39 |
0.34 |
2.44 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.51 |
0.34 |
2.44 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.19 |
0.07 |
0.25 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
3.54 |
13.38 |
2.27 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.39 |
0.34 |
2.44 |
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 |
10.000 |
10.000 |
125.000 |
|
Reserves & Surplus |
0.000 |
0.000 |
-20.431 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
10.000 |
10.000 |
104.569 |
|
|
|
|
|
|
long-term borrowings |
22.672 |
133.762 |
412.905 |
|
Short term borrowings |
0.000 |
0.000 |
29.980 |
|
Total
borrowings |
22.672 |
133.762 |
442.885 |
|
Debt/Equity
ratio |
2.267 |
13.376 |
4.235 |
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 |
Yes |
|
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 2 years and 7
months |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last 2 years and 7
months |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
FUTURE OUTLOOK
During the year, the company has made turnover of INR 0.056 but due to fixed overheads and development costing, the company incurred losses of INR 20.430 million, the company is in process to create its image and value in the market and the Directors are continuously looking for avenues for future growth of the Company in the industry
UNSECURED LOAN
|
PARTICULAR |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
111.482 |
0.000 |
|
|
|
|
|
Total |
111.482 |
0.000 |
INDEX OF CAHREGS:
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of
Modification |
Date of
Satisfaction |
Amount |
Address |
|
1 |
G87158200 |
100067522 |
CENTRAL BANK OF INDIA |
08/12/2016 |
19/04/2018 |
- |
411000000.0 |
G/F, PERIDOT COMPLEX, URMI SOCIETY,NEAR URMI CROSS ROAD, AKOTA,VADODATA-390007 GUJARAT INDIA |
FIXED ASSETS:
- Land
- Factory building
- Plant and equipment
- Vehicles
- Motor vehicles
- Furniture and fixtures
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 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
PRI |
|
|
|
|
Report Prepared
by : |
RKI |
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.