|
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|
MIRA INFORM REPORT
|
Report No. : |
485385 |
|
Report Date : |
13.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
G.KISHAN AND CO |
|
|
|
|
Registered
Office : |
404 - B, Ambika Darshan Appartment, Moti Kadiya Sheri, Sayed Pura,
Surat -395003, Gujarat |
|
Mobile No.: |
91-9228432852/9920745444/9920645444 (Mr. Gajraj Kishan Jat) |
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|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Year of
Establishment : |
2007 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 1.748 Million |
|
|
|
|
IEC No.: |
5207009982 |
|
|
|
|
GSTIN/UIN: |
24AHUPJ5738P1ZG |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AHUPJ5738P |
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|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Trader,
Exporter and Importer of Diamonds [Confirmed by management] |
|
|
|
|
No. of Employees
: |
13 (Approximately) (Office) |
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 |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 2007 as a partnership firm and it
is having satisfactory track record. It is a trader, importer and exporter of diamonds. For the financial year 2017, the firm has marginal decreased in its
revenue from operation and maintained minimal profitability margin. Rating takes into consideration firm’s capable financial profile
marked by adequate capital base along with decent liquidity position. The firm also derives strength from its established track of business
operation and healthy revenue profile. However, the rating strengths are partially offset by low
profitability and highly intense competitive diamond industry. Trade relations are reported as fair. Business is active. Payments are
slow but correct. The firm 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 (30.06.2017) |
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 13.01.2018
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 (GENERAL DETAILS)
|
Name : |
Mr. Gajraj Kishan Jat |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9920645444 |
|
Date : |
10.01.2018 |
LOCATIONS
|
Registered Office/Factory : |
404 - B, Ambika Darshan Appartment, Moti Kadiya Sheri, Sayed Pura,
Surat -395003, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9228432852/9920745444/9920645444 (Mr. Gajraj Kishan Jat) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
350 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
2A, 2nd Floor, Navratna Building, Opera House, Mumbai – 400004, Maharashtra,
India |
|
Tel. No.: |
91-22-23888830 |
SOLE PROPRIETOR
|
Name : |
Mr. Gajraj Kishan Jat |
|
Designation : |
Proprietor |
|
Address : |
Room No. 20, visit Niwas, Parel, Mumbai – 400012, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1985 |
|
Qualification : |
B.S.C |
|
Experience : |
12 Years |
BUSINESS DETAILS
|
Line of Business : |
Trader,
Exporter and Importer of Diamonds [Confirmed by management] |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Belgium ·
China ·
New York ·
Dubai |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Belgium ·
China ·
New York ·
Dubai |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (90 Days) |
|
|
|
|
Purchasing : |
Credit (90 Days) |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
13 (Approximately) (Office) |
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Bankers : |
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Auditors : |
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||||||||
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Name : |
ARC and Company Chartered Accountants |
||||||||
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Address : |
House, Mumbai – 400 004, Maharashtra, India |
||||||||
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Tel. No.: |
91-22-33944337 |
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Membership No: |
141722 |
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||||||||
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Collaborators : |
Not Available |
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||||||||
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Membership : |
Not Available |
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Sister Concern : |
|
CAPITAL STRUCTURE
AS ON 31.03.2017
|
A. PROPRIETORS CAPITAL |
INR In Million |
|
Gajraj Kishan
Jat |
|
|
Opening Balance |
1.425 |
|
Add: Additional during the year
Profit during the year |
-- 0.350 |
|
Less: Withdrawals
Tax on regular assessment (A.Y.2014-15) |
(0.005) (0.022) |
|
CLOSING BALANCE |
1.748 |
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
EQUITY
AND LIABILITIES |
|
|
|
|
|
1] Proprietors Capital |
1.748 |
1.426 |
1.120 |
|
|
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 |
1.748 |
1.426 |
1.120 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.748 |
1.426 |
1.120 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.000 |
0.000 |
0.000 |
|
|
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 |
4.300 |
45.314 |
12.527 |
|
|
Sundry Debtors |
263.518 |
231.230 |
495.536 |
|
|
Cash & Bank Balances |
1.262 |
5.207 |
2.006 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.098 |
|
Total
Current Assets |
269.080 |
281.751 |
510.167 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
267.327 |
280.325 |
509.047 |
|
|
Other Current Liabilities |
0.005 |
0.000 |
0.000 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
267.332 |
280.325 |
509.047 |
|
|
Net Current Assets |
1.748 |
1.426 |
1.120 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1.748 |
1.426 |
1.120 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
978.057 |
1083.501 |
1076.352 |
|
|
Other Income |
0.000 |
0.000 |
0.983 |
|
|
TOTAL |
978.057 |
1083.501 |
1077.335 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
974.814 |
1070.390 |
1068.100 |
|
|
Assortment
Charges |
0.083 |
0.226 |
0.341 |
|
|
Audit
Fees |
0.017 |
0.015 |
0.015 |
|
|
Brokerage
Charges |
0.498 |
1.122 |
0.940 |
|
|
Conveyance
Expenses |
0.009 |
0.009 |
0.015 |
|
|
Export
Expenses |
0.175 |
0.000 |
0.063 |
|
|
Foreign exchange
fluctuation loss |
0.000 |
0.000 |
6.725 |
|
|
Electricity
Bill |
0.000 |
10.143 |
0.000 |
|
|
Exchange
Difference |
0.984 |
0.183 |
0.000 |
|
|
Foreign
Tour Commission |
0.050 |
0.050 |
0.020 |
|
|
Foreign
Tour Expenses |
0.348 |
0.308 |
0.122 |
|
|
Import
Expenses |
0.220 |
0.274 |
0.106 |
|
|
IT security Fees A.Y.
13-14 |
0.005 |
0.002 |
0.005 |
|
|
Legal
Fees |
0.006 |
0.006 |
0.006 |
|
|
Office
Expenses |
0.023 |
0.015 |
0.025 |
|
|
Rent
Expenses |
0.156 |
0.120 |
0.168 |
|
|
Registry
Expenses |
0.000 |
0.000 |
0.000 |
|
|
Salary
Expenses |
0.097 |
0.151 |
0.172 |
|
|
Travelling
A/C |
0.027 |
0.011 |
0.035 |
|
|
Telephone Expenses |
0.025 |
0.020 |
0.006 |
|
|
Vat Audit Fees |
0.003 |
0.003 |
0.003 |
|
|
Vera Bill |
0.003 |
0.000 |
0.000 |
|
|
TOTAL |
977.543 |
1083.048 |
1076.867 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
0.514 |
0.453 |
0.468 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.164 |
0.167 |
0.119 |
|
|
|
|
|
|
|
|
NET PROFIT |
0.350 |
0.286 |
0.349 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
98.34 |
77.89 |
168.04 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
3.71 |
4.69 |
2.17 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.12 |
0.01 |
0.04 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.99 |
0.99 |
1.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
152.94 |
196.58 |
454.51 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
3.13 |
2.71 |
3.93 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.04 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
0.13 |
0.10 |
0.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
20.02 |
20.06 |
31.16 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.01 |
1.01 |
1.00 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.99 |
0.84 |
0.98 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.01 |
0.01 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.01 |
1.01 |
1.00 |
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 |
|
Proprietors Capital |
1.120 |
1.426 |
1.748 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1.120 |
1.426 |
1.748 |
|
|
|
|
|
|
Secured Loan |
0.000 |
0.000 |
0.000 |
|
Unsecured Loan |
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 |
1076.352 |
1083.501 |
978.057 |
|
|
|
0.664 |
(9.732) |
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 |
1076.352 |
1083.501 |
978.057 |
|
Profit/(Loss) |
0.349 |
0.286 |
0.350 |
|
|
0.03% |
0.03% |
0.04% |
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 |
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) |
Yes |
|
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 |
-- |
|
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 |
DIAMOND INDUSTRY –
INDIA
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the
untiring and unflagging efforts of the Indian diamantaires, supported by
progressive Government policies.
The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and
philanthropy.
Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
Excerpts from Times of India dated 30th October 2010 is as
under –
Gem and Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
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 63.73 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHW |
|
|
|
|
Analysis Done by
: |
PRA |
|
|
|
|
Report Prepared
by : |
NKTS |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.