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3decades

 

MIRA INFORM REPORT

 

 

Report No. :

510862

Report Date :

23.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

NAGASE INDIA PRIVATE LIMITED

 

 

Registered Office :

312, Hubtown Solaris, N. S. Phadke Marg, Near East-West Flyover , Andheri  (East), Mumbai – 400069, Maharashtra

Tel. No.:

91-22-26591337/ 66818585

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

24.11.2006

 

 

Com. Reg. No.:

11-165791

 

 

Capital Investment / Paid-up Capital :

INR 200.000 Million

 

 

CIN No.:

[Company Identification No.]

U51496MH2006FTC165791

 

 

IEC No.:

[Import-Export Code No.]

0306073153

 

 

GSTN :

[Goods & Service Tax Registration No.]

27AACCN4051B1ZY

 

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCN4051B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :
  • The Company is in the business of indenting and trading of chemical and plastic intermediates. [Registered Activity]

 

  • The Company is in the business of Manufacturer, Exporter and Indenting of chemicals and Trading of chemical and plastic intermediates. [Confirmed by Management]

 

 

No. of Employees :

30 (Approximately)

 

 

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 843000

 

 

Status :

Good

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a subsidiary of “Nagase and Co. Limited, Japan” and was incorporated in the year 2006. It is engaged in manufacturing, trading, exporting and indenting of chemicals and also trading of chemical and plastic intermediates.


For the financial year 2017, the company has achieved revenue growth of 24.97% as compared to the previous year along with an average profit margin of 1.96%.

The moderate financial risk profile is marked by low reserve base as compared to its capital.


Rating takes into consideration the subject’s debt free balance sheet profile.

Rating also takes into account the strong financial and managerial support that company receives from its holding entity backed by its well experienced management team.


Payments seems to be usually correct.


In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

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 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 PARTED BY [GENERAL DETAILS]

 

Name :

Mrs. Gail 

Designation :

Assistant Manager

Contact No.:

91-22-66818585

Date :

22.05.2018

 

 

LOCATIONS

 

Registered Office :

312, Hubtown Solaris, N S Phadke Marg, Near East-West Flyover , Andheri  (East), Mumbai – 400069, Maharashtra, India

Tel. No.:

91-22-66818585/ 66818588

Fax No.:

91-22-66818508

E-Mail :

nagase@vsnl.com

naoki.uenoyama@nagase.co.in

natsuki.imamura@nagase.co.jp

Location :

Owned

Locality :

Commercial

 

 

Branches Offices:

Located At:

 

  • Haryana
  • Mumbai
  • Kanchipuram
  • Bangalore
  • Nashik

 

 

Factory:

Located At:

 

  • Chennai
  • Gurugram
  • Japan

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mr. Noriyoshi Yamaoka

Designation :

Director

Address :

620, North Bridge Road, #11-01, Singapore 188788 SG

Date of Appointment :

13.08.2013

DIN No.:

06605672

 

 

Name :

Mr. Takayuki Masuda

Designation :

Director

Address :

Bliston Suwan Park View, Room No.1103, 11th Floor, 9 Soi Tonson Ploenchit Road, Lumpini Pathum Wan Bangkok 10330 TH

Date of Birth/Age :

23.12.1963

Qualification:

Graduate

Date of Appointment :

05.08.2016

DIN No.:

07431193

 

 

Name :

Mr. Bunji Ono

Designation :

Whole Time Director

Address :

Hotel Hyatt Regency, Mumbai Sahar Airport Road, Andheri (East), Mumbai – 400099, Maharashtra, India

Date of Birth/Age :

10.01.1968

Qualification:

Graduate

Date of Appointment :

22.03.2016

DIN No.:

07477756

 

 

Name :

Mr. Haruyuki Oku

Designation :

Whole Time Director

Address :

The Lalit Mumbai Service Apartments, Sahar Airport Road, Andheri (East), Mumbai – 400059, Maharashtra, India

Date of Appointment :

20.10.2016

DIN No.:

07629833

 

 

KEY EXECUTIVES

 

Name :

Mrs. Gail 

Designation :

Assistant Manager

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

No. of Shares

% of Holding

Nagase and Company Limited, Japan

19900000

99.50

Nagase Singapore (PTE) (Limited), Singapore

100000

0.50

Total

20000000

100.00

 

 

AS ON 04.08.2017

 

Equity Share Break up

Percentage

Category

 

 

Promoters – [Bodies corporate]

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :
  • The Company is in the business of indenting and trading of chemical and plastic intermediates. [Registered Activity]

 

  • The Company is in the business of Manufacturer, Exporter and Indenting of chemicals and Trading of chemical and plastic intermediates. [Confirmed by Management]

 

 

Products / Services :

ITC Code

Product/ Services Description

99611719

Indenting And Trading Chemical

and plastic intermediates

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Products :

Finished Goods

Countries :

South East Asian Countries

 

 

Imports :

 

Products :

Raw Material

Countries :

Japan

 

 

Terms :

 

Selling :

Cash, L/C and Credit [30,60 Days]

 

 

Purchasing :

Cash, L/C and Credit [30,60 Days]

 

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 :

Wholesalers, Retailers and End Users

 

Reference :

Not Divulged 

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark :

--

 

 

No. of Employees :

30 (Approximately)

 

 

Bankers :

Bank Name

Bank of Tokya Mitsubishi UFJ Limited

Branch

15th Floor, Hoechest House, Nariman Point, Mumbai – 400021, Maharahtra, India

Person Name (With Designation)

--

Contact Number

--

Name of Account Holder

--

Account Number

--

Account Since (Date/Year of Account Opening)

--

Average Balance Maintained (If Possible)

--

Credit Facilities Enjoyed (If any)

--

Account Operation

--

Remarks (If any)

--

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

India Bulls Financial Center, Tower 3, 27-32th Floor, Elphinstone Mill Compound, Senapati Bapat Marg, ELP, Mumbai-400013, Maharashtra, India

E-Mail :

rsalivati@deloitte.com

PAN No.:

AADFD2337G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding Company:

Nagase and Co., Limited, Japan

 

 

Fellow Subsidiary Companies:
  • Nagase (Thailand) Co., Limited, Thailand
  • Nagase Singapore (Pte) Limited, Singapore
  • Nagase (Europa) GmbH, Germany
  • P.T. Nagase Impor-Ekspor Indonesia
  • Shanghai Nagase Trading Co., Limited, Shanghai Nagase Trading, China
  • Nagase (Malaysia) SDN. BHD, Malaysia
  • Nagase Do Brasil Comercio De Produtos Quimicos Limited, Brazil
  • Sofix Corporation, United States
  • Nagase-OG Colors And Chemicals Co. Limited, Japan
  • Nagase Korea Corporation, Korea , Democratic People's Republic of
  • Nagase America Corporation, United States
  • Landauer Australasia Pty Limited, Australia

 

 

CAPITAL STRUCTURE

 

AS ON 04.08.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

30000000

Equity Shares

INR 10/- each

INR 300.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

20000000

Equity Shares

INR 10/- each

INR 200.000 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are 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

200.000

200.000

200.000

(b) Reserves & Surplus

94.899

66.353

16.521

(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)

294.899

266.353

216.521

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.856

1.251

1.405

(d) long-term provisions

3.537

2.229

1.898

Total Non-current Liabilities (3)

4.393

3.480

3.303

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

159.931

152.954

119.121

(c) Other current liabilities

15.517

18.586

11.298

(d) Short-term provisions

0.418

10.424

6.041

Total Current Liabilities (4)

175.866

181.964

136.460

 

 

 

 

TOTAL

475.158

451.797

356.284

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

5.617

7.334

12.750

(ii) Intangible Assets

1.512

2.724

0.005

(iii) Capital work-in-progress

0.000

0.021

3.547

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

6.978

5.898

3.926

(d)  Long-term Loan and Advances

11.130

11.934

11.516

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

25.237

27.911

31.744

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

50.808

48.224

17.829

(c) Trade receivables

218.970

196.349

135.942

(d) Cash and cash equivalents

171.973

168.230

163.935

(e) Short-term loans and advances

3.938

8.467

4.539

(f) Other current assets

4.232

2.616

2.295

Total Current Assets

449.921

423.886

324.540

 

 

 

 

TOTAL

475.158

451.797

356.284

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

1459.644

1168.029

969.024

 

Other Income

19.608

43.793

17.082

 

TOTAL

1479.252

1211.822

986.106

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

0.000

0.000

0.000

 

Purchases of Stock-in-Trade

1266.825

1035.684

820.070

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(2.596)

(30.361)

6.326

 

Employees benefits expense

74.195

65.032

52.675

 

Other expenses

83.628

73.361

61.450

 

TOTAL

1422.052

1143.716

940.521

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

57.200

68.106

45.585

 

 

 

 

 

Less

FINANCIAL EXPENSES

1.024

0.804

0.394

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

56.176

67.302

45.191

 

 

 

 

 

Less

DEPRECIATION/ AMORTISATION

6.645

6.943

9.772

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

49.531

60.359

35.419

 

 

 

 

 

Less

TAX

20.985

10.527

13.169

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

28.546

49.832

22.250

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

66.353

16.521

(5.133)

 

 

 

 

 

 

Balance Carried to the B/S

94.899

66.353

16.521

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

225.329

239.358

147.461

 

TOTAL EARNINGS

225.329

239.358

147.461

 

 

 

 

 

 

IMPORTS

 

 

 

 

Raw Materials

222.863

104.145

22.945

 

TOTAL IMPORTS

222.863

104.145

22.945

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

 

 

 

Basic

1.43

2.29

1.11

 

Diluted

1.43

2.49

1.11

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

NA

NA

NA

Net cash flow from (used in) operations

26.727

7.646

24.234

Net cash flow from (used in) operating activities

(0.430)

(4.981)

32.314

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

[Sundry Debtors / Income * 365]

54.76

61.36

51.20

 

 

 

 

Account Receivables Turnover

[Income / Sunday Debtors]

6.67

5.95

7.13

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

46.08

53.90

53.02

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

1.13

1.41

2.56

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

8.02

6.76

2.80

 

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.37

0.40

0.38

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.00

0.00

0.00

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.60

0.68

0.63

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.02

0.04

0.08

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

55.86

84.71

115.70

 

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

PAT to Sales

((PAT / Sales) * 100)

%

1.96

4.27

2.30

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

6.01

11.03

6.25

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

9.68

18.71

10.28

 

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

2.56

2.33

2.38

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

2.27

2.06

2.25

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.62

0.59

0.61

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

0.00

0.00

0.00

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

2.56

2.33

2.38

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

200.000

200.000

200.000

Reserves & Surplus

16.521

66.353

94.899

Net worth

216.521

266.353

294.899

 

 

 

 

Long Term borrowings

0.000

0.000

0.000

Short Term borrowings

0.000

0.000

0.000

Current Maturities of Long term debt

0.000

0.000

0.000

Total borrowings

0.000

0.000

0.000

Debt/Equity ratio

0.000

0.000

0.000

 

 

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

969.024

1168.029

1459.644

 

 

20.537

24.966

 

 

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

969.024

1168.029

1459.644

Profit

22.250

49.832

28.546

 

2.30%

4.27%

1.96%

 

 

 

 

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

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)

Yes

16

No. of employees

Yes

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 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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

GENERAL INFORMATION:

 

Subject a part of the Nagase Group of companies and is a wholly owned subsidiary of Nagase and Co. Limited, Japan. Incorporated on 24 November 2006, the Company is in the business of indenting and trading of chemical and plastic intermediates.

 

STATE OF COMPANIES AFFAIR

The current year is Eleventh year of operation of the company. The majority of the business continued to be the indenting business even though the direct business of both local purchase and sale as well as import and sales and local purchase and export have increased. The direct purchase and sale turnover has increased. Revenue for the Year amounted to INR 1459.644 million (Previous Year INR 1168.029 million). The revenue is expected to improve in years to come.

 

 

INDEX OF CHARGE: NO CHARGES EXISTS FOR COMPANY

 

 

CONTINGENT LIABILITIES:

 

(INR in million)

PARTICULARS

31.03.2017

31.03.2016

 

 

 

Other money for which company is contingently liable

18.823

18.823

 

 

FIXED ASSETS:

 

Tangible Assets

 

  • Furniture and fixtures
  • Vehicles
  • Motor vehicles
  • Office equipment
  • Computer equipments
  • Leasehold improvements
  • Computer software

 

 

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 68.09

UK Pound

1

INR 91.25

Euro

1

INR 80.07

 

 

INFORMATION DETAILS

 

Information Gathered by :

RBY

 

 

Analysis Done by :

PRI

 

 

Report Prepared by :

MTN

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--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)

 

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.