|
|
|
MIRA INFORM REPORT
|
Report No. : |
492626 |
|
Report Date : |
24.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
JAIRAM DISTRIBUTORS |
|
|
|
|
Registered
Office : |
10/A, Lenin Sarani, Mallick Para, Serampore, Hooghly-712203, West
Bengal |
|
Mobile No.: |
91-9007631818 [Mr. Abhishek Saha] |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Establishment : |
01.08.2001 |
|
|
|
|
Capital
Investment : |
INR 30.701 Million |
|
|
|
|
IEC No.: |
Not Applicable [As informed by the management that firm does
not have export and import] |
|
|
|
|
GST No.: |
19AACFJ1808K1ZB |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACFJ1808K |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Distributor of Medicine. [Confirmed by Management] |
|
|
|
|
No. of Employees
: |
18 [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 87700 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
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
31-03-2016.
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 24.02.2018.
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. Abhishek Saha |
|
Designation : |
Manager |
|
Contact No.: |
91-9007631818 |
|
Date : |
23.02.2018 |
LOCATIONS
|
Registered Office : |
10/A, Lenin Sarani, Mallick Para, Serampore, Hooghly-712203, West
Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9007631818 [Mr. Abhishek Saha] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
950 Sq. Ft. [As per site visit] |
|
Locality : |
Residential [As per site visit] |
PARTNERS
|
Name : |
Mr. Arun Kumar Saha |
|
Designation : |
Partner |
|
PAN No : |
ALFPS3802A |
|
|
|
|
Name : |
Mr. Barun Kumar Saha |
|
Designation : |
Partner |
|
PAN No : |
ALFPS3803B |
|
|
|
|
Name : |
Mr. Madhusudhan Saha |
|
Designation : |
Partner |
|
PAN No : |
ALFPS3804G |
|
|
|
|
Name : |
Mr. Niranjan Kumar Saha |
|
Designation : |
Partner |
|
PAN No : |
ALFPS3805H |
KEY EXECUTIVES
|
Name : |
Mr. Abhishek Saha |
|
Designation : |
Manager |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Medicine. [Confirmed by Management] |
|
|
|
|
Products/ Services : |
Medicine |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
GlaxoSmithKline Pharmaceuticals Limited |
|
|
|
|
Exports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Not Available |
|
Countries : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit [15 Days] |
|
|
|
|
Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesaler, Retailers and End Users
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
18 [Approximately] |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
D. Das and Kamaluddin Chartered Accountants |
|
Address : |
62, Lenin Sarani, 3rd Floor, Moon Plaza, Kolkata-700013, West
Bengal, India |
|
E-mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concerns : |
· Jyotsna Medical Agency Address: 10/A, Lenin
Sarani, 1st Floor, Serampore, Hooghly-712203, West Bengal, India Line of
Business: Trading · K.D. Pharma Address: 24
Anita Plaza, Serampore, Hooghly-712203,
West Bengal, India |
CAPITAL STRUCTURE
PARTNERS CAPITAL ACCOUNT AS
ON 31.03.2017
[INR IN MILLION]
|
Name of Partner |
Balance as on 01.04.16 |
Remuneration |
Interest on Capital |
Share of Profit for the year |
Total |
Income Tax Refund |
Drawings |
Balance as on 31.03.2017 |
|
Arun Kumar Saha |
5.503 |
0.360 |
0.550 |
1.276 |
7.689 |
0.178 |
1.323 |
6.544 |
|
Barun Kumar Saha |
7.480 |
--- |
0.748 |
1.276 |
9.504 |
0.178 |
1.501 |
8.181 |
|
Madhusudhan Kumar Saha |
7.624 |
--- |
0.762 |
1.276 |
9.662 |
0.178 |
1.500 |
8.340 |
|
Niranjan Saha |
6.886 |
0.360 |
0.689 |
1.275 |
9.211 |
0.178 |
1.752 |
7.636 |
|
|
----------- |
----------- |
---------- |
--------- |
---------- |
---------- |
----------- |
----------- |
|
TOTAL |
27.493 |
0.720 |
2.749 |
5.103 |
36.066 |
0.712 |
6.076 |
30.701 |
FINANCIAL ANALYSIS
[all figures are
in INR Million]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or Registry.
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital Account |
30.701 |
27.493 |
24.621 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
30.701 |
27.493 |
24.621 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
4.033 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
4.033 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
30.701 |
27.493 |
28.654 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.864 |
0.872 |
0.919 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
51.722
|
49.275
|
38.536 |
|
|
Sundry Debtors |
0.671
|
0.816
|
0.413 |
|
|
Cash & Bank Balances |
0.611
|
3.387
|
4.853 |
|
|
Other Current Assets |
0.219
|
0.193
|
1.624 |
|
|
Loans & Advances |
4.525
|
3.489
|
9.560 |
|
Total
Current Assets |
57.748
|
57.160
|
54.986 |
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
23.524
|
25.702
|
23.137 |
|
|
Other Current Liabilities |
0.021
|
0.021
|
0.545 |
|
|
Provisions |
4.366
|
4.816
|
3.569 |
|
Total
Current Liabilities |
27.911
|
30.539
|
27.251 |
|
|
Net Current Assets |
29.837
|
26.621
|
27.735 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
30.701 |
27.493 |
28.654 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
436.443 |
428.259 |
368.736 |
|
|
|
Other Income |
0.108 |
0.170 |
0.156 |
|
|
|
TOTAL |
436.551 |
428.429 |
368.892 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
415.942 |
408.741 |
352.269 |
|
|
|
Accounting Charges |
0.018 |
0.028 |
0.018 |
|
|
|
Audit Fees |
0.021 |
0.021 |
0.021 |
|
|
|
Consultancy Fees |
0.018 |
0.018 |
0.018 |
|
|
|
Courier Charges |
0.014 |
0.014 |
0.014 |
|
|
|
Electric Charges |
0.151 |
0.079 |
0.079 |
|
|
|
Car Hire Charges |
0.008 |
0.012 |
0.012 |
|
|
|
Carriage Outward |
0.037 |
0.048 |
0.041 |
|
|
|
Generator Expenses |
0.004 |
0.005 |
0.005 |
|
|
|
Repairs and Maintenance |
0.003 |
0.034 |
0.035 |
|
|
|
Computer Maintenance |
0.002 |
0.037 |
0.047 |
|
|
|
Shop Rent |
0.159 |
0.159 |
0.159 |
|
|
|
General Expenses |
0.002 |
0.008 |
0.008 |
|
|
|
Fuel Expenses |
0.005 |
0.018 |
0.018 |
|
|
|
Cleaning expenses |
0.012 |
0.012 |
0.012 |
|
|
|
Printing and Stationery |
0.139 |
0.149
|
0.182 |
|
|
|
Newspaper |
0.002 |
0.000 |
0.000 |
|
|
|
Salary to Staff |
1.314 |
1.494 |
1.656 |
|
|
|
Bonus to Staff |
0.110 |
0.125 |
0.138 |
|
|
|
Software Expenses |
0.027 |
0.000 |
0.021 |
|
|
|
Staff Welfare |
0.023 |
0.024 |
0.024 |
|
|
|
Professional Tax |
0.003 |
0.003 |
0.003 |
|
|
|
Tea & Tiffin Expenses |
0.122 |
0.123 |
0.123 |
|
|
|
Salesman Commission |
7.399 |
6.604 |
5.986 |
|
|
|
Telephone Charges |
0.002 |
0.072 |
0.067 |
|
|
|
Insurance |
0.110 |
0.108 |
0.115 |
|
|
|
Office Expenses |
0.012 |
0.024 |
0.016 |
|
|
|
Subscription and Donation |
0.010 |
0.019 |
0.015 |
|
|
|
Travelling and Conveyance |
0.015 |
0.034 |
0.022 |
|
|
|
Compensation Charges |
0.113 |
0.016 |
0.000 |
|
|
|
Interest on Capital |
2.749 |
2.462 |
1.883 |
|
|
|
Partner’s Remuneration |
0.720 |
0.960 |
0.576 |
|
|
|
TOTAL |
429.266 |
421.451 |
363.583 |
|
|
|
|
|
|
|
|
Less |
PROFIT BEFORE
INTEREST AND DEPRECIATION AND AMORTISATION |
7.285 |
6.978 |
5.309 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.012 |
0.117 |
0.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE DEPRECIATION AND AMORTISATION
|
7.273 |
6.861 |
4.923 |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.064 |
0.071 |
0.097 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
7.209 |
6.790 |
4.826 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.106 |
2.103 |
1.493 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
5.103 |
4.687 |
3.333 |
|
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
0.56 |
0.70 |
0.41 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
650.44 |
524.83 |
892.82 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
20.64 |
22.95 |
23.97 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.14 |
0.14 |
0.14 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
8.43 |
8.00 |
5.78 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.48 |
0.53 |
0.56 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.16 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.91 |
1.11 |
1.11 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.03 |
0.03 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
607.08 |
59.64 |
13.75 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
1.17 |
1.09 |
0.90 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
8.71 |
8.08 |
5.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
16.62 |
17.05 |
13.54 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.07 |
1.87 |
2.02 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.22 |
0.26 |
0.60 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.52 |
0.47 |
0.44 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.16 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
2.07 |
1.87 |
2.02 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Partners Capital |
24.621 |
27.493 |
30.701 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
24.621 |
27.493 |
30.701 |
|
Secured Loans |
4.033 |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
4.033 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.164 |
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 |
368.736 |
428.259 |
436.443 |
|
|
|
16.142 |
1.911 |
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 |
368.736 |
428.259 |
436.443 |
|
Profit |
3.333 |
4.687 |
5.103 |
|
|
0.90% |
1.09% |
1.17% |
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 |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
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 |
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 |
OBSERVATION POINTS
|
Name of Company : |
JAIRAM DISTRIBUTORS |
|
|
|
|
Address : |
10/A, Lenin Sarani, Mallick Para, Serampore, Hooghly-712203, West
Bengal, India |
|
Contact No.: |
91-9007631818 |
|
|
|
|
Date of Visit : |
22.02.2018 |
|
|
|
|
Person to whom we met: |
Mr. Arun Kumar Saha [Partner] |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Lenin Sarani Mallick Para |
|
|
|
|
Total Floors of the Building : |
3 Floors |
|
|
|
|
Subject situated on: |
Ground Floor |
|
|
|
|
Locality: |
Residential |
|
|
|
|
Area of Premises : |
950 Sq. Ft. |
|
|
|
|
Area : |
Neutral |
|
|
|
|
No. of employees seen at premises: |
18 [Approx.] |
|
|
|
|
Visibility of
Items: |
Computers |
|
|
|
|
Proof of visit: |
Photos |
FIXED ASSETS:
· Construction (Shop and Godown)
· Furniture & Fixtures
· Computer
· Refrigerator
· Printer
· Fax Machine
· A C Machine
· Battery
· Maruti Alto
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
|
Indian Rupees |
|
US Dollar |
1 |
INR 64.82 |
|
|
1 |
INR 90.40 |
|
Euro |
1 |
INR 79.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.