|
|
|
MIRA INFORM REPORT
|
Report No. : |
482571.2 |
|
Report Date : |
03.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHREE NIDHI PHARMA |
|
|
|
|
Registered
Office : |
No.12/1, 12th Cross, 4th Main, Sampangirama Nagar, Bangalore - 560027, Karnataka |
|
Tel. No.: |
91-80-41010480 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Year of
Establishment : |
1999 |
|
|
|
|
Capital
Investment : |
INR 62.262 Million |
|
|
|
|
IEC No.: |
Not Applicable [As informed by the management that firm does
not have export and import] |
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|
|
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TIN No.: |
29980137795 |
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|
|
|
GST No.: |
29ANAPS4444F1ZW |
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|
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PAN No.: [Permanent Account No.] |
ANAPS4444F |
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|
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Legal Form : |
Sole Proprietary Concern |
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Line of Business
: |
Distributor of Pharmaceutical Specialty Products Mainly Oncology,
Nephrology, Neurology and Gynecology Segments. [Confirmed by Management] |
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|
|
|
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 |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a proprietorship firm established in the year 1999. It is a Distributor of Pharmaceutical Specialty products mainly Oncology, Nephrology and Neurology. Mr. Vishwanatha Setty (Proprietor) has provided information. For the financial record of 2017, the revenue of the firm has increased by 21.14% along with average profit margin of 2.35%. The ratings take into account firm’s decent financial profile with sufficient capital base and comfortable liquidity profile of the firm. Rating takes into consideration long established track record of the firm. Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct. In view of aforesaid, the firm can be considered business dealings at usual trade terms and conditions. Note: Site Visit was conducted at the given address and our executive has successfully traced the subject on the given address. At the premises our executive met Mr. Vishwanatha Setty (Proprietor) and he provided contact details. During the site visit our executive also enquired with Mr. Shiv (P. D Hinduja Singhi Hospital) and he confirmed that subject is situated on the given address. As per our executive’s observation, it is a 2 storey building and the subject situated on the ground + 1st floor. Location was easy to find and locality appears to be commercial. Area seems to be upmarket. Total area of premises is (2600) sq. ft. and 30 employees were sighted at the premises. Name board of the subject was sighted on the given 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 (30.06.2017) |
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
31-03-2016.
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 03.01.2018.
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. Vishwanatha Setty |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9980140440 |
|
Date: |
21.12.2017 |
Given number [91-9740070666/ 8022111188/ 8022120700] Ringing
LOCATIONS
|
Registered Office/ Warehouse : |
No.12/1, 12th Cross, 4th Main, Sampangirama Nagar, Bangalore - 560027, Karnataka, India |
|
Tel. No.: |
91-80-41010480 |
|
Mobile No.: |
91-9980140440 [Mr. Vishwanatha Setty] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2600 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
SOLE PROPRIETOR
|
Name : |
Mr. Vishwanatha Setty |
|
Designation : |
Proprietor |
|
Date of Birth/Age: |
01.10.1971 |
|
Aadhar No.: |
919259338151 |
|
PAN No.: |
ANAPS4444F |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Pharmaceutical Specialty Products Mainly Oncology,
Nephrology, Neurology and Gynecology Segments. [Confirmed by Management] |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
· Fresenius Kabi Oncology Limited · Intas Pharmaceuticals · Dr. Reddy · Roche India · Lupin · Sun Pharma · Glenmark · Panacea Biotec, etc. |
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|
|
|
Exports : |
Not Available |
|
|
|
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Imports : |
Not Available |
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|
|
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Terms : |
|
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Selling : |
Cheque and RTGS |
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Purchasing : |
Cheque and RTGS |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and Hospital Pharma
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No. of Employees : |
30 [Approximately] |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
K M Arun Upadhya Chartered Accountant |
|
Address : |
Bangalore, Karnataka, India |
|
|
|
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Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2017
|
Capital Investment
: |
INR
in Million |
|
Balance Sheet |
51.712 |
|
Add: Profit for the year |
16.675 |
|
|
|
|
Less: Drawings |
0.959 |
|
HDFC Life Insurance and IDBI |
0.533 |
|
Advance income tax and TDS adjusted |
0.851 |
|
Self-assessment tax paid |
3.782 |
|
|
---------- |
|
Total |
62.262 |
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Capital Account |
62.262 |
51.712 |
44.531 |
|
|
2] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
62.262 |
51.712 |
44.531 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
66.780 |
41.463 |
|
|
|
2] Unsecured Loans |
80.783 |
35.473 |
|
|
|
TOTAL BORROWING |
147.563 |
76.936 |
42.708 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
241.907 |
128.648 |
87.239 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
27.125 |
26.716 |
12.593 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
56.362
|
61.594
|
6.835
|
|
|
Sundry Debtors |
134.611
|
71.612
|
101.048
|
|
|
Cash & Bank Balances |
12.976
|
1.726
|
1.235
|
|
|
Other Current Assets |
0.058
|
0.001
|
0.185
|
|
|
Loans & Advances |
10.775
|
9.756
|
13.428
|
|
Total
Current Assets |
214.782
|
144.689
|
122.731
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
30.404
|
42.159
|
47.257
|
|
|
Other Current Liabilities |
1.678
|
0.598
|
0.828
|
|
|
Provisions |
0.000
|
0.000
|
0.000
|
|
Total
Current Liabilities |
32.082
|
42.757
|
48.085
|
|
|
Net Current Assets |
182.700
|
101.932
|
74.646
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
241.907 |
128.648 |
87.239 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
710.991 |
586.933 |
484.881 |
|
|
|
Other Income |
1.288 |
0.937 |
0.350 |
|
|
|
TOTAL |
712.279 |
587.870 |
485.231 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
643.632 |
528.639 |
447.247 |
|
|
|
Salary and wages |
7.591 |
6.677 |
4.699 |
|
|
|
Rent |
0.108 |
0.432 |
0.439 |
|
|
|
Audit fees |
0.035 |
0.030 |
0.030 |
|
|
|
Courier charges |
1.184 |
0.477 |
0.298 |
|
|
|
Delivery charges |
1.726 |
1.007 |
0.853 |
|
|
|
Discount allowed |
6.985 |
8.178 |
4.013 |
|
|
|
Electricity charges |
0.296 |
0.167 |
0.161 |
|
|
|
News-paper and periodicals |
0.226 |
0.132 |
0.108 |
|
|
|
Office maintenance |
0.986 |
0.477 |
0.395 |
|
|
|
Petrol expenses |
2.399 |
1.302 |
1.075 |
|
|
|
Pooja expenses |
0.162 |
0.092 |
0.073 |
|
|
|
Telephone charges |
0.773 |
0.420 |
0.315 |
|
|
|
Printing and stationery |
0.486 |
0.283 |
0.230 |
|
|
|
Profession tax |
0.003 |
0.003 |
0.003 |
|
|
|
Sales promotion |
2.267 |
0.007 |
0.180 |
|
|
|
Sales commission |
6.003 |
14.228 |
5.456 |
|
|
|
Staff welfare |
0.007 |
0.312 |
0.251 |
|
|
|
Travelling and conveyance |
0.732 |
0.429 |
0.315 |
|
|
|
Insurance |
0.274 |
0.176 |
0.123 |
|
|
|
Repair and maintenance |
0.000 |
0.062 |
0.040 |
|
|
|
Water charges |
0.037 |
0.013 |
0.000 |
|
|
|
Misc. expenses |
0.124 |
0.343 |
0.649 |
|
|
|
Rates and taxes |
0.000 |
0.000 |
0.001 |
|
|
|
Vat assessment tax |
0.040 |
0.000 |
0.000 |
|
|
|
TOTAL |
676.076 |
563.886 |
466.954 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
INTEREST AND DEPRECIATION AND AMORTISATION |
36.203 |
23.984 |
18.277 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
18.737 |
10.361 |
5.070 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE DEPRECIATION AND AMORTISATION |
17.466 |
13.623 |
13.207 |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/ AMORTISATION |
0.791 |
0.583 |
0.450 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT/
(LOSS) |
16.675 |
13.040 |
12.757 |
|
Expected Sales (2017-2018): INR 80.000 Million
The above information has been parted by Mr. Vishwanatha Setty
(Proprietor)
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
69.10 |
44.53 |
76.07 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
5.28 |
8.20 |
4.80 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
17.24 |
29.11 |
38.57 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.64 |
0.39 |
2.67 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
1.33 |
0.90 |
1.45 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets) |
0.74 |
0.70 |
0.67 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
2.37 |
1.49 |
0.96 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.81 |
1.51 |
1.08 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.44 |
0.52 |
0.28 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.93 |
2.31 |
3.60 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
2.35 |
2.22 |
2.63 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
6.89 |
7.61 |
9.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
26.78 |
25.22 |
28.65 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.90 |
1.85 |
2.55 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.40 |
1.06 |
2.41 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.26 |
0.30 |
0.33 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
2.37 |
1.49 |
0.96 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.90 |
1.85 |
2.55 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are
in Indian INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Capital Account |
44.531 |
51.712 |
62.262 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
44.531 |
51.712 |
62.262 |
|
|
|
|
|
|
Secured Loans |
|
41.463 |
66.780 |
|
Unsecured Loans |
|
35.473 |
80.783 |
|
Total
borrowings |
42.708 |
76.936 |
147.563 |
|
Debt/Equity
ratio |
0.959 |
1.488 |
2.370 |
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 |
484.881 |
586.933 |
710.991 |
|
|
|
21.047 |
21.137 |
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 |
484.881 |
586.933 |
710.991 |
|
Profit |
12.757 |
13.040 |
16.675 |
|
|
2.63% |
2.22% |
2.35% |
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 |
No |
|
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 |
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 : |
SHREE NIDHI PHARMA |
|
|
|
|
Address : |
No.12/1, 12th Cross, 4th Main, Sampangirama Nagar, Bangalore - 560027, Karnataka, India |
|
Contact No.: |
91-9980140440 |
|
Email: |
|
|
|
|
|
Date of Visit : |
30.12.2017 |
|
|
|
|
Person to whom we met: |
Mr. Vishwanatha Setty (Proprietor) |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
P D Hinduja Singhi Hospital |
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Total Floors of the Building : |
2 Floors |
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Subject situated on: |
Ground + 1st Floor |
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Locality: |
Commercial |
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Area of Premises : |
2600 Sq. Ft. |
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Area : |
Upmarket |
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No. of employees seen at premises: |
30 (Approx.) |
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Visibility of
Items: |
·
Telephone ·
Fax Machine ·
Computers ·
Air Conditioner ·
Office Equipment ·
Xerox Machine |
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Neighbours Interview : |
Our executive also enquired with Mr. Shiv (P. D Hinduja Singhi
Hospital) and he confirmed that subject is situated on the given address. |
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Proof of visit: |
Photos and Visiting Card |
FIXED ASSETS:
· Building
· Sanitary ware
· Cold Room
· Vehicles
· Air Conditions
· Computers
· Printers
· Godrej Refrigerator, etc.
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 63.67 |
|
UK Pound |
1 |
INR 86.11 |
|
Euro |
1 |
INR 76.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
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Analysis Done by
: |
VAR |
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Report Prepared
by : |
ARC |
SCORE FACTORS
|
DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low risk
of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably on
secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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.