|
|
|
MIRA INFORM REPORT
|
Report No. : |
498934 |
|
Report Date : |
30.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
NIRMAL NATURAL FIBERS |
|
|
|
|
Registered
Office : |
Khandwa Road, Bhikangaon, Tehsil: Bhikangaon, Khargone – 451331,
Madhya Pradesh |
|
Mobile No.: |
91-9425088959 (Mr. Nirmal) |
|
Website : |
Not Available |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
31.03.2009 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 200.106 Lacs |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable |
|
|
|
|
TIN / CST No.: |
23102107672 |
|
|
|
|
PAN No.: [Permanent Account No.] |
ABHPA2424Q |
|
|
|
|
GSTN : [Goods & Service Tax Registration
No.] |
23ABHPA2424Q1ZT |
|
|
|
|
EM Part II : |
23027121031 |
|
|
|
|
SSI
Reg. No.: |
-- |
|
|
|
|
Shop &
Establishment Certificate No. |
-- |
|
|
|
|
Udyog Aadhaar
No.: |
-- |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Processing
and ginning of cotton. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a proprietorship concern established in the year 2009. It is engaged in processing and ginning of cotton. For the financial year 2017, the concern achieved revenue growth of 23.90% as compared to the previous year but has reported low profit margin of 0.30%. The satisfactory financial risk profile of the concern is marked by sufficient net worth base along with comfortable debt balance sheet profile. Payment seems to be usually correct. In view of aforesaid, the concern can be considered for business dealings at usual trade terms and conditions. NOTE: Site visit was conducted at the address – Khandwa Road, Bhikangaon, Khargone, Madhya Pradesh, 451331. Our executive has successfully traced the subject on the address. At the premises, our executive met Ms. Vijya Agarwal (Office Executive). Further, our executive enquired with neighbour company (Airan Trading Company and Sai Nath Agro) who claimed that the subject is situated on the given address. As per our executive’s observation, it is a shed type premises. Area of premises seems to be 600000 sq. ft. and number of employees sighted at the premises were 50. Locality seems to be commercial and area appears to be upmarket. Location was easy to find. We have sighted subject’s name board. |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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 30.05.2018
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
|
Name : |
Mr. Nirmal Narayandas Agrawal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9425088959 |
|
Date : |
24.05.2018 |
LOCATIONS
|
Registered Office/ Factory : |
Khandwa Road, Bhikangaon, Tehsil: Bhikangaon, Khargone –
451331, Madhya Pradesh, India |
|
Tel. No.: |
91-7288-223059 / 159 |
|
Mobile No.: |
91-9425088959 (Mr. Nirmal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
Not Available |
|
Area : |
600000 sq. ft. (At site visit) |
|
Locality : |
Commercial (At site visit) |
SOLE PROPRIETOR
|
Name : |
Mr. Nirmal Kumar Narayandas Agrawal |
|
Designation : |
Proprietor |
|
Address : |
37 Ward No.1, Bhikangaon, Khargone – 451331, Madhya Pradesh, India |
|
Date of Birth/Age : |
27.02.1969 |
|
Aadhaar No.: |
3538 0555 9711 |
|
PAN No.: |
ABHPA2424Q |
DETAILS OF GROUP COMPANIES
NIL
BUSINESS DETAILS
|
Line of Business : |
Processing
and ginning of cotton. |
|
|
|
|
Products / Services
: |
Cotton |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Available |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers, End Users ·
Maral Overseas Limited, Madhya Pradesh ·
Sagar Manufactures Limited, Madhya Pradesh ·
Nandan Denim Limited, Ahmedabad |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Changal and Associates Chartered Accountants |
|
Address : |
“Guruvilla” 31, Shrinath Colony, Diversion Road, Khargone – 451001,
Madhya Pradesh, India |
|
Qualification : |
B.Com, F.C.A. |
|
Tel. No.: |
91-7282-235235 |
|
Mobile No.: |
91-9425087230 |
|
E-Mail : |
|
|
Membership No.: |
34097 |
LITIGATIONS
NIL
CAPITAL STRUCTURE
[INR in Lacs]
AS ON 31.03.2017
|
Capital Investment : |
|
|
Owned : |
INR 200.106 Lacs |
|
Borrowed : |
-- |
|
Total : |
INR 200.106 Lacs |
FINANCIAL DATA
[all figures are
INR Lacs]
ABRIDGED
BALANCE SHEET
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
|
SOURCES OF
FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY AND LIABILITIES |
|
|
|
|
|
1] Proprietor’s Capital |
200.106 |
188.176 |
159.680 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
200.106 |
188.176 |
159.680 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
217.883 |
258.791 |
141.844 |
|
|
2] Unsecured Loans |
869.356 |
940.188 |
905.649 |
|
|
TOTAL
BORROWING |
1087.239 |
1198.979 |
1047.493 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1287.345 |
1387.155 |
1207.173 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
116.862 |
97.479 |
52.967 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
26.118 |
24.719 |
24.969 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
903.617 |
1251.574 |
998.157 |
|
|
Sundry Debtors |
245.676 |
102.774 |
97.940 |
|
|
Cash & Bank Balances |
12.764 |
19.743 |
22.073 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans, Advances, deposits & securities |
57.585 |
55.367 |
144.327 |
|
Total Current Assets |
1219.642 |
1429.458 |
1262.497 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
55.860 |
149.507 |
165.561 |
|
|
Other Current Liabilities & Provisions |
19.417 |
14.994 |
13.829 |
|
Total Current Liabilities |
75.277 |
164.501 |
179.390 |
|
|
Net Current
Assets |
1144.365 |
1264.957 |
1083.107 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
BRANCH OFFICE (NIRMAL OIL MILLS, BHIKANGAON) |
0.000 |
0.000 |
46.130 |
|
|
|
|
|
|
|
|
TOTAL |
1287.345 |
1387.155 |
1207.173 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
5175.063 |
4176.909 |
2918.065 |
|
|
Fire claim (Rui A/c) |
33.638 |
0.000 |
0.000 |
|
|
Other Income |
10.434 |
4.987 |
22.140 |
|
|
TOTAL |
5219.135 |
4181.896 |
2940.205 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
4859.176 |
3849.460 |
2667.848 |
|
|
Dalali |
14.658 |
8.934 |
4.380 |
|
|
Insurance |
6.762 |
5.818 |
7.424 |
|
|
Salary |
6.090 |
5.760 |
4.860 |
|
|
Bonus |
1.591 |
1.399 |
1.356 |
|
|
Sale Tax Assessment |
0.041 |
1.363 |
0.000 |
|
|
Employee provident fund |
1.335 |
1.336 |
1.268 |
|
|
Vehicle expenses |
0.853 |
0.891 |
1.212 |
|
|
Travelling expenses |
0.648 |
0.583 |
0.608 |
|
|
Telephone expenses |
0.445 |
0.519 |
0.361 |
|
|
Municipal tax |
0.413 |
0.413 |
0.413 |
|
|
Satkar expenses |
0.306 |
0.284 |
0.285 |
|
|
Diversion shulk |
0.000 |
0.000 |
0.269 |
|
|
Stationery |
0.222 |
0.252 |
0.168 |
|
|
Office expenses |
0.269 |
0.228 |
0.096 |
|
|
Godown repairing expenses |
0.000 |
0.171 |
0.000 |
|
|
Licence fees |
0.251 |
0.000 |
0.221 |
|
|
Audit fees |
0.127 |
0.160 |
0.162 |
|
|
Advocate fees |
0.133 |
0.130 |
0.090 |
|
|
Postage |
0.097 |
0.079 |
0.066 |
|
|
Plate Kanta repairing
expenses |
0.000 |
0.064 |
0.000 |
|
|
Donation |
0.020 |
0.025 |
0.000 |
|
|
Professional tax |
0.025 |
0.025 |
0.025 |
|
|
Other expenses |
191.585 |
185.635 |
131.685 |
|
|
TOTAL |
5085.047 |
4063.529 |
2822.797 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST AND DEPRECIATION |
134.088 |
118.367 |
117.408 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
107.863 |
92.496 |
98.039 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
DEPRECIATION |
26.225 |
25.871 |
19.369 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
10.781 |
10.298 |
8.228 |
|
|
|
|
|
|
|
|
NET PROFIT/ (LOSS) |
15.444 |
15.573 |
11.141 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
17.33 |
8.98 |
12.25 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
21.06 |
40.64 |
29.79 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
4.20 |
14.18 |
22.65 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.15 |
0.09 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.15 |
1.21 |
2.22 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.85 |
0.88 |
0.88 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
5.43 |
6.37 |
6.56 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
4.72 |
5.87 |
6.80 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.58 |
0.52 |
0.33 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.24 |
1.28 |
1.20 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
0.30 |
0.37 |
0.38 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.13 |
1.00 |
0.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
7.72 |
8.28 |
6.98 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.29 |
1.29 |
1.16 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.33 |
0.16 |
0.24 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.15 |
0.12 |
0.12 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
5.43 |
6.37 |
6.56 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.29 |
1.29 |
1.16 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
INR Lacs]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Proprietor’s Capital |
159.680 |
188.176 |
200.106 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
159.680 |
188.176 |
200.106 |
|
|
|
|
|
|
Secured Loans |
141.844 |
258.791 |
217.883 |
|
Unsecured Loans |
905.649 |
940.188 |
869.356 |
|
Total
borrowings |
1047.493 |
1198.979 |
1087.239 |
|
Debt/Equity
ratio |
6.560 |
6.372 |
5.433 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales |
2918.065 |
4176.909 |
5175.063 |
|
|
|
43.140 |
23.897 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In lacs |
INR
In lacs |
INR
In lacs |
|
Sales
|
2918.065 |
4176.909 |
5175.063 |
|
Profit/(Loss) |
11.141 |
15.573 |
15.444 |
|
|
0.38% |
0.37% |
0.30% |
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 |
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 |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
No |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FIXED ASSETS:
· Land
· Building
· Machinery
· Vehicle
· Computer
|
OBSERVATION POINTS |
|
Name of Company : |
NIRMAL NATURAL FIBERS |
|
|
|
|
Address : |
Khandwa Road, Bhikangaon, Tehsil: Bhikangaon, Khargone –
451331, Madhya Pradesh, India |
|
|
|
|
Mobile No.: |
91-9425088959 |
|
|
|
|
E-Mail : |
|
|
|
|
|
Person to whom we met: |
Ms. Vijya Agarwal (Office Executive) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Bus Stand |
|
|
|
|
Total Floors of the building: |
Shed Type Premises |
|
|
|
|
Locality: |
Commercial |
|
|
|
|
Area of premises : |
600000 sq. ft. |
|
|
|
|
Area : |
Upmarket |
|
|
|
|
Level of
operation : |
Medium |
|
|
|
|
Details of hypothecation signboard (If Any) (As displayed in factory /
work) : |
NA |
|
|
|
|
No. of employees seen at premises: |
50 |
|
|
|
|
Visibility of
Items: |
·
Telephone ·
Computers ·
Air Conditioners ·
Office Equipment |
|
|
|
|
Neighbour’s
interview : |
Name of the
company: Airan Trading Company Contact Person
Name: Mr. Anoop Agrawal Name of the company: Sai Nath Agro Contact Person Name: Mr. Jogindra Soni |
|
Neighbour’s
Overview: |
Existence confirmed |
|
|
|
|
Proof of visit: |
Photograph Photographs: Exterior with
name board / Interior / Shop Floor / Stock etc. |
|
|
|
|
Details of the person conducting visit: |
Name: Deepak Arya Designation: Field Executive Contact No.: 91-7566602484 |
PICTURES
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 (as on
30.05.2018 (date of report) :
No press reports / filings exists on
the subject.
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·