|
|
|
MIRA INFORM REPORT
|
Report No. : |
516699 |
|
Report Date : |
26.06.2018 |
IDENTIFICATION DETAILS
|
Name : |
S. K. DISTRIBUTORS |
|
|
|
|
Registered
Office : |
Unit No.1, Bombay Industrial Estate, NSS Road, Narayan Nagar, Ghatkopar
(West), Mumbai – 400086, Maharashtra |
|
Tel. No.: |
91-20-26122435 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2018 (Unaudited) |
|
|
|
|
Date of
Establishment : |
25.03.1996 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
INR 77.199 Million (Unaudited) |
|
|
|
|
Com. Reg. No.: |
BA66045 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Applicable (As informed by the management that firm
does not have export and import) |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAFS9768D |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AAAFS9768D1ZV |
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|
|
|
TIN/VAT No.: |
27230375745V |
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|
|
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CST No.: |
27230375745C |
|
|
|
|
Service Tax
Registration No.: |
AAAFS9768DST001 |
|
|
|
|
Drug License
No.: |
20B-MH-PZ1-282362 21B-MH-PZ1-282363 20B-MH-PZ1-282360 |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Distributors
of Pharmaceuticals Products (Confirmed by management) |
|
|
|
|
No. of Employees
: |
Approximately 39 (In Office: 35, In Branch: 4) |
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 221000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a partnership firm established in the year 1996. It is a distributor of Pharmaceuticals products and it holds agency of Bristol Myers Squibb, Johnson and Johnson, M& D Pharmaceuticals and Roche. As per the unaudited financial records of 2018, the firm has achieved 49.20% growth in its revenue as compared to the previous year revenue and has maintained average profitability margin of 4.39% during the year under review. The satisfactory financial profile of the firm is marked by sufficient capital base along with comfortable debt balance sheet profile. Rating takes into consideration long established track record of the firm. Further, Supplier (Bristol Myers Squibb) has claimed that they are satisfied with the subject’s payment behavior and market goodwill. Customer (Fortis Hospital) also gave positive feedback and claimed that they are satisfied with subject’s product quality and delivery. Business is active. Payment seems to be usually correct. In view of aforesaid, the subject can be considered for 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. At the premises, our executive met Mr. Dhaval (Chief Executive Officer) and he confirmed that the subject is situated on the given address. As per our executive’s observation, it is a 4 storey building and subject situated on the 4th floor. Location was easy to find and locality appears to be commercial. Area seems to be upmarket. Area of premises is approximately 1323 sq. ft. and 05 employees were sighted. Name board of the subject was sighted. |
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
|
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
31-03-2018.
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 26.06.2018
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. Dhaval Shah |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9145076592 |
|
Date : |
25.06.2018 |
LOCATIONS
|
Registered Office : |
Unit No.1, Bombay Industrial Estate, NSS Road, Narayan Nagar,
Ghatkopar (West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9145076592 (Mr. Dhaval Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
3300 sq.ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
Sunrise Skyline, 4th Floor, Next to Samarth Police Station, Near Power
House, Rasta Peth, Pune-411002, Maharashtra, India |
|
Tel. No.: |
91-20-26122435 |
|
Area : |
1323 sq.ft. |
|
Location : |
Rented |
|
Locality : |
Commercial (As per site visit) |
PARTNERS
|
Name : |
Mr. Bipin Shah |
|
Designation : |
Partner |
|
Address : |
1801, Dev Darshan Building 50, Bridge Road, Malabar Hill, Mumbai,
Maharashtra, India |
|
Date of Birth/Age : |
69 Years |
|
Qualification : |
B.E. Chem |
|
Experience : |
45 Years |
|
|
|
|
Name : |
S.K. Pariwar Trust |
|
Designation : |
Partner |
|
Address : |
Shiv Sagar Estate, Worli, Mumbai, Maharashtra, India |
KEY EXECUTIVES
|
Name : |
Mr. Dhaval Shah |
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name : |
Mr. Sunit Girme |
|
Designation : |
Functional In-Charge |
BUSINESS DETAILS
|
Line of Business : |
Distributors
of Pharmaceuticals Products (Confirmed by management) |
|
|
|
|
Products : |
· OPDYTA (Nivolumab) · PERFALGAN (Paracetamol) · SPRYCEL (Dasatinib) · CANCIDAS (Caspofungin) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
·
Bristol Myers Squibb ·
M & D Pharmaceuticals ·
Roche ·
Johnson and Johnson ·
Boehringer |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Others (NEFT, RTGS) |
|
|
|
|
Purchasing : |
L/C, Others (NEFT, RTGS) |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Wholesalers, Retailers, End Users
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No. of Employees : |
Approximately 39 (In Office: 35, In Branch: 4) |
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Krshna and Associates Chartered Accountants |
|
Membership No : |
147893 |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Membership : |
Not Available |
|
|
|
|
Parent Company (As confirmed by management) : |
S.K. Brothers |
CAPITAL STRUCTURE
AS ON 31.03.2018
(Unaudited)
|
Capital Investment : |
|
|
Owned : |
INR 77.199 million |
|
Borrowed : |
-- |
|
Total : |
INR 77.199
million |
AS ON 31.03.2017
|
Capital Investment : |
|
|
Owned : |
INR 43.227 million |
|
Borrowed : |
-- |
|
Total : |
INR 43.227
million |
FINANCIAL DATA
[all figures are
INR Million]
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2018 (Unaudited) |
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Partners Capital |
77.199 |
43.227 |
38.576 |
|
(b) Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
(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) |
77.199 |
43.227 |
38.576 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
92.299 |
94.331 |
94.463 |
|
(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) |
92.299 |
94.331 |
94.463 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.438 |
9.872 |
22.924 |
|
(b) Trade payables |
258.140 |
95.511 |
51.972 |
|
(c) Other current liabilities |
(8.295) |
1.769 |
2.247 |
|
(d) Short-term provisions |
15.441 |
13.973 |
20.038 |
|
Total
Current Liabilities (4) |
270.724 |
121.125 |
97.181 |
|
|
|
|
|
|
TOTAL |
440.222 |
258.683 |
230.220 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.413 |
7.300 |
8.456 |
|
(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 |
26.437 |
26.437 |
26.519 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
1.458 |
1.392 |
1.388 |
|
Total
Non-Current Assets |
36.308 |
35.129 |
36.363 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
165.446 |
79.248 |
74.143 |
|
(c) Trade receivables |
201.382 |
130.165 |
98.488 |
|
(d) Cash and cash equivalents |
2.798 |
0.441 |
0.064 |
|
(e) Short-term loans and
advances |
34.278 |
13.690 |
21.107 |
|
(f) Other current assets |
0.010 |
0.010 |
0.055 |
|
Total
Current Assets |
403.914 |
223.554 |
193.857 |
|
|
|
|
|
|
TOTAL |
440.222 |
258.683 |
230.220 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2018 (Unaudited) |
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
888.561 |
595.524 |
630.538 |
|
|
Other Income |
6.135 |
7.784 |
9.862 |
|
|
TOTAL
|
894.696 |
603.308 |
640.400 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
812.871 |
545.156 |
589.364 |
|
|
Employees benefits expense |
9.985 |
7.967 |
10.057 |
|
|
Other expenses |
16.495 |
12.008 |
7.477 |
|
|
TOTAL |
839.351 |
565.131 |
606.898 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
55.345 |
38.177 |
33.502 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
10.743 |
11.996 |
18.134 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
44.602 |
26.181 |
15.368 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.187 |
1.311 |
1.462 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
43.415 |
24.870 |
13.906 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
8.800 |
4.730 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
43.415 |
16.070 |
9.176 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2018 (Unaudited) |
31.03.2017 |
31.03.2016 |
|
Average Collection Days (Sundry Debtors / Operating Income * 365
Days) |
82.72 |
79.78 |
57.01 |
|
|
|
|
|
|
Account Receivables Turnover (Operating Income
/ Sundry Debtors) |
4.41 |
4.58 |
6.40 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
115.91 |
63.95 |
32.19 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.33 |
0.48 |
0.45 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
6.58 |
5.23 |
3.96 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2018 (Unaudited) |
31.03.2017 |
31.03.2016 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.82 |
0.83 |
0.83 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.27 |
2.41 |
3.04 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
3.51 |
2.80 |
2.52 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.11 |
0.17 |
0.22 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
5.15 |
3.18 |
1.85 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2018 (Unaudited) |
31.03.2017 |
31.03.2016 |
|
Net Profit Margin ((PAT
/ Sales) * 100) |
% |
4.89 |
2.70 |
1.46 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
9.86 |
6.21 |
3.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
56.24 |
37.18 |
23.79 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2018 (Unaudited) |
31.03.2017 |
31.03.2016 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.49 |
1.85 |
1.99 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.88 |
1.19 |
1.23 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.18 |
0.17 |
0.17 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
1.27 |
2.41 |
3.04 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.49 |
1.85 |
1.99 |
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 |
31.03.2016 |
31.03.2017 |
31.03.2018 (Unaudited) |
|
|
INR
In Million |
INR In
Million |
INR
In Million |
|
Share Capital |
38.576 |
43.227 |
77.199 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
38.576 |
43.227 |
77.199 |
|
|
|
|
|
|
long-term borrowings |
94.463 |
94.331 |
92.299 |
|
Short term borrowings |
22.924 |
9.872 |
5.438 |
|
Total
borrowings |
117.387 |
104.203 |
97.737 |
|
Debt/Equity
ratio |
3.043 |
2.411 |
1.266 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2016 |
31.03.2017 |
31.03.2018 (Unaudited) |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales |
630.538 |
595.524 |
888.561 |
|
|
|
(5.553) |
49.207 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2016 |
31.03.2017 |
31.03.2018 (Unaudited) |
|
|
INR
In Million |
INR
In Million |
INR In
Million |
|
Sales |
630.538 |
595.524 |
888.561 |
|
Profit |
9.176 |
16.070 |
43.415 |
|
|
1.46% |
2.70% |
4.89% |
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 |
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) |
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 |
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 |
|
OBSERVATION
POINTS |
|
Name of Company : |
S K DISTRIBUTORS |
|
|
|
|
Address : |
Sunrise Skyline, 4th Floor, Next to Samarth Police Station, Near Power House, Rasta Peth, Pune-411002, Maharashtra, India |
|
|
|
|
Mobile No.: |
91-9619861781 |
|
|
|
|
Person to whom we met: |
Mr. Dhaval |
|
|
|
|
Designation : |
Chief Executive Officer |
|
|
|
|
Name Board : |
Sighted |
|
|
|
|
Location: |
Easy |
|
|
|
|
Landmark (If Any): |
Near Police Station |
|
|
|
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Total Floors of the building: |
4 |
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Subject situated at : |
4th Floor |
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Locality: |
Commercial |
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Area of Premises : |
1323 sq.ft. |
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Area : |
Upmarket |
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No. of Employees
seen at Premises : |
5+ |
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Visibility of
Items: |
· Fax Machine · Computers · Air Conditioner · Xerox Machine |
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Sister Concern
(Other names on name board): |
S.K. Brothers |
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Furniture Items
Sighted : |
Furniture |
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Proof of visit: |
Photographs |
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 68.15 |
|
|
1 |
INR 90.27 |
|
Euro |
1 |
INR 79.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKS |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
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.