|
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|
MIRA INFORM REPORT
|
Report No. : |
487284 |
|
Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
ZUCHE
PHARMACEUTICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
602-D/19-4, Navkar Parkview Apartment, Flat No 8, Ward No-3, Mehrauli,
New Delhi – 110030 |
|
Tel. No.: |
91-11-41662311 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2016 |
|
|
|
|
Date of
Incorporation : |
20.07.2010 |
|
|
|
|
Com. Reg. No.: |
55-206054 |
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|
|
|
Capital
Investment / Paid-up Capital : |
INR 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24232DL2010PTC206054 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
|
GSTIN No.: |
07AAACZ4393G1Z3 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAACZ4393G |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Trading and Exporter of Pharmaceutical Products,
Veterinary Medicines, Medical Devices, etc. [Registered activity and also confirmed by
management] |
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|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 1400 |
|
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|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2010. It is a manufacturer, trader
and exporter of Pharmaceuticals products, Veterinary Medicines and Medical
devices. Management has failed to file its financials with Registrar of
Companies for the FY 2017. As per available financials of 2016, the company has achieved a
massive growth in its revenue as compared to previous year and has reported
an average profit margin of 4.65%. The moderate financial profile of the company is marked by modest
networth base along with poor debt coverage indicators due to high debt
balance sheet profile. Rating is constrained on account of absence of latest financials. Payments are reported to be slow. In view of aforesaid, the company can be considered for business
dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 29.01.2018.
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. Tarun Bharal |
|
Designation : |
Director |
|
Contact No.: |
91-9810478070 |
|
Date : |
25.01.2018 |
LOCATIONS
|
Registered Office : |
602-D/19-4, Navkar Parkview Apartment, Flat No 8, Ward No-3, Mehrauli,
New Delhi – 110030, India |
|
Tel. No.: |
91-11-41662311 |
|
Mobile No.: |
91-8586999176 [Mr. Ankur Saini] |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Corporate Office : |
107, 1st Floor, Oriental House, 19-20 Yusuf Sarai Community
Center, Gulmohar Park, New Delhi – 110049, India |
|
Location : |
Leased |
|
|
|
|
Factory : |
B4/183-A, Safdar Jong Enclave, New Delhi – 110029, India |
|
Location : |
Leased |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Umesh Kumar Singh
|
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
Jal Nigam Colony, LIO Officer, Gyanpur, , Bhadohi – 221304, Uttar Pradesh,
India |
||||||||
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Date of Birth/Age : |
11.01.1982 |
||||||||
|
Date of Appointment : |
20.07.2010 |
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DIN No.: |
02164527
|
||||||||
|
Other
Directorship:
|
|||||||||
|
|
|
||||||||
|
Name : |
Mr. Tarun Bharal
|
||||||||
|
Designation : |
Director |
||||||||
|
Address : |
175 – A, R-29, Khirki Extn. Malviya Nagar, New Delhi, Delhi – 110017,
India |
||||||||
|
Date of Birth/Age : |
22.03.1985 |
||||||||
|
Date of Appointment : |
20.07.2010 |
||||||||
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DIN No.: |
03089410
|
||||||||
|
|
|
||||||||
|
Name : |
Mr. Jagmeet Singh
|
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|
Designation : |
Director |
||||||||
|
Address : |
House No. 133, 1- A, Chandigarh, Chandigarh – 160036, India |
||||||||
|
Date of Birth/Age : |
07.10.1985 |
||||||||
|
Date of Appointment : |
20.07.2010 |
||||||||
|
DIN No.: |
03090232
|
||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2016
|
Names of Shareholders |
No. of Shares |
%age
holding |
Tarun Bharal
|
3333 |
33.33 |
Jagmeet Singh
|
3333 |
33.33 |
|
Umesh Kumar Singh |
3334 |
33.34 |
|
Total |
10000 |
100.00 |
AS ON 30.09.2016
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trading and Exporter of Pharmaceutical Products,
Veterinary Medicines, Medical Devices, etc. [Registered activity and also confirmed by
management] |
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Products / Services
: |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
L/C and Advance Payment |
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Purchasing : |
L/C, Advance Payment and Cheque |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and Distributors
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
K. Gopal Sharma and Company Chartered Accountants |
|
Address : |
34/2, Ground Floor, Yusuf Sarai, New Delhi – 110016, India |
|
Tel. No.: |
91-129-2254485/91-11-26563275 |
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E-Mail : |
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|
PAN No.: |
AAGFK0261K |
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|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.09.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
INR 10/- each |
INR 0.100 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
0.398 |
(0.392) |
0.092 |
|
(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) |
0.498 |
(0.292) |
0.192 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2.537 |
1.561 |
0.819 |
|
(b) Trade payables |
0.067 |
0.003 |
0.000 |
|
(c) Other current
liabilities |
4.229 |
2.171 |
0.892 |
|
(d) Short-term provisions |
0.142 |
0.000 |
0.045 |
|
Total Current Liabilities
(4) |
6.975 |
3.735 |
1.756 |
|
|
|
|
|
|
TOTAL |
7.473 |
3.443 |
1.948 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.099 |
0.131 |
0.105 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
0.013 |
0.008 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.020 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
0.112 |
0.139 |
0.125 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.410 |
0.893 |
0.458 |
|
(c) Trade receivables |
6.329 |
1.387 |
1.202 |
|
(d) Cash and cash
equivalents |
0.000 |
0.575 |
0.000 |
|
(e) Short-term loans and
advances |
0.417 |
0.286 |
0.103 |
|
(f) Other current assets |
0.205 |
0.163 |
0.060 |
|
Total Current Assets |
7.361 |
3.304 |
1.823 |
|
|
|
|
|
|
TOTAL |
7.473 |
3.443 |
1.948 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
16.958 |
2.564 |
2.792 |
|
|
Other Income |
0.615 |
0.146 |
0.078 |
|
|
17.573 |
2.710 |
2.870 |
|
|
|
TOTAL |
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
8.399 |
1.981 |
0.767 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.483 |
(0.435) |
(0.348) |
|
|
Employees benefits
expense |
4.989 |
0.745 |
1.604 |
|
|
Other expenses |
2.697 |
0.825 |
0.679 |
|
|
TOTAL |
16.568 |
3.116 |
2.702 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
1.005 |
(0.406) |
0.168 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.079 |
0.081 |
0.016 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.926 |
(0.487) |
0.152 |
|
|
|
|
|
|
|
Less |
TAX |
0.136 |
(0.003) |
0.053 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.790 |
(0.484) |
0.099 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
|
|
|
|
Basic |
79.00 |
(48.38) |
10.00 |
|
|
Diluted |
79.00 |
(48.38) |
10.00 |
|
Particulars |
|
|
31.03.2017 |
|
Sales Turnover (Approximately) |
|
|
20.000 |
|
|
|
|
|
Expected Sales (2017-2018): INR 30.000 Million [Due to business growth]
The above information has been parted by Mr. Tarun Bharal (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
136.22 |
197.45 |
157.14 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
2.68 |
1.85 |
2.32 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
2.91 |
0.55 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
2.45 |
(0.45) |
0.37 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
10.15 |
(3.10) |
1.60 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.93 |
1.08 |
0.90 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
5.09 |
(5.35) |
4.27 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
14.01 |
(12.79) |
9.15 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.20 |
(0.45) |
0.55 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
4.66 |
(18.88) |
3.55 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
10.57 |
(14.06) |
5.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
158.63 |
165.75 |
51.56 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.06 |
0.88 |
1.04 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.00 |
0.65 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.07 |
(0.08) |
0.10 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
25.37 |
15.61 |
8.19 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.06 |
0.88 |
1.04 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
0.092 |
(0.392) |
0.398 |
|
Net
worth |
0.192 |
(0.292) |
0.498 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
0.819 |
1.561 |
2.537 |
|
Total
borrowings |
0.819 |
1.561 |
2.537 |
|
Debt/Equity
ratio |
4.266 |
(5.346) |
5.094 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
2.792 |
2.564 |
16.958 |
|
|
|
(8.166) |
561.388 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
2.792 |
2.564 |
16.958 |
|
Profit/
(Loss) |
0.099 |
(0.484) |
0.790 |
|
|
3.55% |
(18.88%) |
4.66% |
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 |
No |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
OPERATION AND PERFORMANCE:
During the year, the Company has achieved its target of Revenue and earned a net profit of INR 0.760 after charging Depreciation of INR 0.079 million against a net loss of INR 0.484 million during last year 2014-15.
However, the Directors are highly appreciated and hopeful to perform well in the subsequent years.
INDEX OF CHARGE: NO
CHARGES EXISTS FOR COMPANY
FIXED ASSETS:
·
Air Conditioner
·
Furniture and Fixture
·
Computer
·
Mobile Instruments
·
Laptop
·
Office Equipment
·
Printer
·
UPS and Batteries
·
Micro Max LED
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 63.50 |
|
|
1 |
INR 79.07 |
|
Euro |
1 |
INR 90.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
ASK |
|
|
|
|
Analysis Done by
: |
VRS |
|
|
|
|
Report Prepared
by : |
GEET |
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 |
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.