MIRA
INFORM REPORT
|
Report Date : |
13.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
CABLE
ZONE |
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Registered Office : |
Anugraha
Building, Door No: 39/3504, Kumara Nilayam Lane, Ravipuram Road, Cochin,
Kerala |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
1998 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Distributor
and dealer of TV channels for Discovery, Sony Max, A X N, MTV, NDTV, Planet
Animals, Ten Sports, Profit and Asianet Communications. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Maximum Credit Limit : |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject
is a small concern. It is not much known in its business. No payment are
available. The
concern can be considered for small to mediocre business dealings on safe and
secured trade terms and conditions. |
LOCATIONS
|
Registered Office : |
Anugraha
Building No. 39/3504, Kumarnilayam Lane, Ravi Puram Road, Cochin, Kerala,
India |
|
Tel. No.: |
91-0484-2356877 |
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Mobile No.: |
93875-77996 |
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Fax No.: |
91-0484-2357997 |
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E-Mail : |
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Area : |
2000
sq. ft. (including ground floor and first floor) |
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Location : |
Rented |
SOLE PROPRIETOR
|
Name : |
Mr. B.
Chakravarthy |
|
Designation : |
Sole
Proprietor |
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Address : |
Vytilla,
Cochin |
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Date of Birth/Age : |
41
Years |
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Qualification : |
Graduation |
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Experience : |
10
Years |
BUSINESS DETAILS
|
Line of Business : |
Distributor
and dealer of TV channels for Discovery, Sony Max, A X N, MTV, NDTV, Planet
Animals, Ten Sports, Profit and Asianet Communications. |
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Terms : |
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Selling : |
Commission
basis – Through cable operators |
GENERAL
INFORMATION
|
Customers : |
Cable
operations on commission basis |
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No. of Employees : |
12 |
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Bankers : |
Vijaya
Bank Ernakulam
Main Branch |
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Banking Relations : |
Unknown |
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Associates : |
Prime
Brand Communications Ravipuram
Road, Ernakulam Line
of business: Cable Communications |
FINANCIAL DATA
[all figures are in Rupees
Millions]
|
Particulars |
|
31.03.2006 |
31.03.2005 |
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Sales Turnover |
|
1.000 |
0.800 |
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Profit/Loss for the year |
|
10% |
9% |
LOCAL AGENCY FURTHER
INFORMATION
Trade
references
>
Asianet Satellite Communications Private Limited – Cochin
>
Citi Cables Operators - Cochin
We visited the office of the concern where following observations were carried on:
v Name Board could be lightly seen and the visibility of the Name Board is low.
v The concern’s office is easy to locate.
v Subject is located in an up market area near to the Ernakulam Railway Station
v Items such as Telephone, Fax Machines, Computers, Air Conditioner and Office Equipments could be seen at the concern’s office.
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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 |
Rs.44.45 |
|
UK
Pound |
1 |
Rs.84.83 |
|
Euro |
1 |
Rs.57.12 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
3 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
33 |
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 and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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