MIRA
INFORM REPORT
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Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE BIG ENTERTAINMENT PRIVATE LIMITED (w.e.f. 24.10.2007) |
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Formerly Known
As : |
AAA INTERACTIVE MEDIA PRIVATE LIMITED |
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Registered
Office : |
3rd Floor, |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of Incorporation
: |
21.03.2006 |
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Com. Reg. No.: |
11–160603 |
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CIN No.: [Company Identification
No.] |
U72900MH2006PTC160603 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA27683F |
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PAN No.: [Permanent Account No.] |
AAFCA6658L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Owner of Radio Channel Big 92.7 F.M. |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 is a part of Reliance Anil Dhirubhai Ambani Group and is the
owner of radio channel BIG 92.7 FM. It is an established company having
moderate track. There appears huge accumulated losses recorded by the
company. However, trade relations are reported as fair. Payments are reported
to be slow. The company can be considered for business dealings with some
cautions. The Profit and Loss of the Company is Not Available. |
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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DECLINED BY
Management Non Co-Operative
LOCATIONS
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Registered Office : |
3rd Floor, |
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Tel. No.: |
91-22-30327974/ 30327200 |
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Fax No.: |
91-22-30327599/ 30327191 |
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E-Mail : |
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Websites : |
DIRECTORS
As on 30.09.2009
|
Name : |
Mr. Hasit Navinchandra Shukla |
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Designation : |
Director |
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Address : |
Rel. (BSES) Quarters, |
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Date of Birth/Age : |
28.08.1962 |
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Date of Appointment : |
21.03.2006 |
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DIN or Income-tax PAN : |
00004549 |
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Name : |
Mrs. Tina Anil Ambani |
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Designation : |
Director |
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Address : |
Seawind 39, Cuffe Parade, Colaba, Mumbai – 400 005, |
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Date of Birth/Age : |
11.02.1959 |
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Date of Appointment : |
21.03.2006 |
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DIN or Income-tax PAN : |
00297064 |
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Name : |
Mr. Surendra Kumar Pipara |
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Designation : |
Director |
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Address : |
1702, Raheja Classique Building 1, New Link Road, Andheri (West), Mumbai
– 400 053, Maharashtra, India |
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Date of Birth/Age : |
17.12.1963 |
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Date of Appointment : |
29.09.2007 |
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DIN or Income-tax PAN : |
00359036 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Kumar Dubey |
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Designation : |
Secretary |
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Date of Appointment : |
02.01.2008 |
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DIN or Income-tax PAN : |
AEYPD7712E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.11.2009
|
Name of Allotee |
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No. of Shares |
|
Reliance Capital Limited, |
|
10000000 |
As on 30.09.2009
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Bodies
corporate |
|
100.00 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Owner of Radio Channel Big 92.7 F.M. |
GENERAL INFORMATION
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No. of Employees : |
Information dined by the management.
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Bankers : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Chaturvedi and Shah Chartered Accountant |
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Address : |
714-715, Tulsiani Chambers, 212, Nariman Point, Mumbai-400021, |
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Holding Company: |
AAA Entertainment Private Limited (U64201MH2007PTC168608) |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 30.09.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150000000 |
Equity Shares |
Rs.10/- each |
Rs.1500.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
102000000 |
Equity Shares |
Rs.10/- each |
Rs.1020.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
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1] Share Capital |
1020.000 |
1000.000 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1980.000 |
0.000 |
0.000 |
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|
4] (Accumulated Losses) |
(3086.290) |
(323.896) |
(0.018) |
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NETWORTH |
(86.290) |
676.104 |
0.082 |
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LOAN FUNDS |
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1] Secured Loans |
528.902 |
0.000 |
0.000 |
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2] Unsecured Loans |
1121.661 |
3097.763 |
30.000 |
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TOTAL BORROWING |
1650.563 |
3097.763 |
30.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1564.273 |
3773.867 |
30.082 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
238.047 |
107.498 |
0.000 |
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Capital work-in-progress |
3.540 |
0.000 |
0.000 |
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INVESTMENT |
1647.770 |
597.365 |
26.065 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
5019.017
|
1079.209 |
0.000 |
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Sundry Debtors |
209.753
|
48.468 |
0.010 |
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Cash & Bank Balances |
272.026
|
48.877 |
4.018 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
7030.633
|
2134.465 |
0.000 |
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Total
Current Assets |
12531.430
|
3311.019 |
4.028 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000
|
0.000 |
0.000 |
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Other Current Liabilities |
12702.514
|
216.721 |
0.011 |
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Provisions |
154.000
|
25.294 |
0.000 |
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Total
Current Liabilities |
12856.514
|
242.015 |
0.011 |
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Net Current Assets |
(325.084)
|
3069.004 |
4.017 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1564.273 |
3773.867 |
30.082 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Debt Equity Ratio (Total Liability/Networth) |
|
(168.12)
|
4.94 |
365.99 |
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Current Ratio (Current Asset/Current Liability) |
|
0.97
|
13.68 |
366.18 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors: Not Available
Bankers Charges
Report as per Registry
|
This form is for |
Creation of
charge |
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Corporate identity
number of the company |
U72900MH2006PTC160603 |
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Name of the
company |
Reliance BIG
Entertainment Private Limited |
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Address of the
registered office or of the principal place of business in |
3rd Floor, |
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Type of charge |
Book Debts Others |
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Particular of
charge holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of |
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Email |
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Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation |
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Date of
instrument Creating the charge |
11.10.2010 |
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Amount secured by
the charge |
Rs.150.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 5% above YBL base
rate, payable monthly. Currently YBL Base Rate is 7.50% p.a. Hence, the
current effective rate would be 12.50% p.a. Terms of
Repayment As per sanction Extent and
Operation of the charge 1st exclusive
charge on negatives of Film along with all the revenues/receivables &
assignment of all contracts, documents, insurance policies, rights, titles,
approvals, permits, clearances and int. of the film to be held by Bank on
behalf of itself and other lenders, relating to the film if any and on any
LC, Guarantee or performance bond that may be provided by any party to any
project agreement or contract in favor of the Borrower for the film being
finance |
|
Short particulars
of the property charged |
I)
1st
exclusive charge on negatives of Film along with all the revenues/receivables
& assignment of all contracts, documents, insurance policies, rights,
titles, approvals, permits, clearances and int. of II)
the
film to be held by Bank on behalf of itself and other lenders, relating to
the film if any and on any LC, Guarantee or performance bond that may be
provided by any party to any project agreement or III)
contract
in favor of the Borrower for the film being finance |
WEBSITE DETAILS:
PROFILE:
Reliance Anil
Dhirubhai Ambani Group:
Across different companies, the group positively influences the lives of over
100 million customers, or 1 in every 10 young and aspirational Indians every
single day across 4.5 lakh villages and 20000 towns. It enjoys unparalleled
trust, faith and confidence of nearly 12 million shareholders, the largest such
family in
The Company:
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
|
1 |
Rs.73.54 |
|
Euro |
1 |
Rs.62.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.