MIRA
INFORM REPORT
|
Report Date : |
16.06.2011 |
IDENTIFICATION DETAILS
|
Name : |
UFO MOVIEZ INDIA LIMITED [w.e.f. 12.06.2008] UFO MOVIEZ LIMITED AMALGAMATED WITH UFO MOVIEZ INDIA LIMITED |
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Formerly Known
As : |
UFO INDIA LIMITED |
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Registered
Office : |
1-B, Sagar Apartments, 6, Tilak Marg, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
14.06.2004 |
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Com. Reg. No.: |
55-164728 |
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Capital
Investment / Paid-up Capital : |
Rs.186.593 millions |
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CIN No.: [Company Identification
No.] |
U22120DL2004PLC164728 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELU03689A MUMU05639E |
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PAN No.: [Permanent Account No.] |
AABCV8900E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Provide Digital Cinema Services |
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No. of Employees
: |
Not Divulged by Management |
RATING & COMMENTS
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MIRA’s Rating : |
B [30] |
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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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Maximum Credit Limit : |
USD 5100000 |
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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 an established company having moderate track. Profitability
of the company is under pressure. There appears some accumulated losses recorded
by the company. However, trade relations are reported as fair. Business is
active. Payments are reported to be slow. 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Kailash Pagare |
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Designation : |
Accounts Head |
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Date : |
14.06.2011 |
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Name : |
Mr. Hemant Patel |
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Designation : |
Accounts Head |
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Date : |
14.06.2011 |
LOCATIONS
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Registered Office : |
1-B, Sagar Apartments, 6 Tilak Marg, |
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Tel. No.: |
91-11-45750001 |
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Fax No.: |
91-11-45750000 |
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E-Mail : |
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Website : |
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Head Office : |
Valuable Techno Park, Plot No. 53/1, Road No. 7, Opp. Akruti Trade Centre, MIDC, Marol, Andheri (East), Mumbai – 400093 |
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Tel. No.: |
91-22 - 40305060/156 |
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Fax No.: |
91-22 - 40305110/140 |
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E-Mail : |
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Corporate Office : |
Building No.8, 2nd Floor, Tower A, |
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Tel. No.: |
91-124-4545310 / 4545300 / 4545800 |
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Fax No.: |
91-124-4545350 |
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Digital Cinema
Advertising: |
Located At
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Branches : |
Located at
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Other Indian Branches : |
Located At
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DIRECTORS
As on 25.08.2010
|
Name : |
Mr. Rakesh Gupta |
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Designation : |
Director |
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Address : |
88 I South City II, Gurgaon - 122001, |
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Date of Birth/Age : |
27.03.1965 |
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Date of Appointment : |
18.05.2010 |
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DIN : |
00025216 |
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Name : |
Mr. Vijay Gopal Jindal |
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Designation : |
Director |
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Address : |
W-22, Greater Kailash Part – I, |
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Date of Birth/Age : |
03.08.1957 |
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Date of Appointment : |
18.02.2009 |
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DIN : |
00008527 |
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Name : |
Mr. Kapil Kumar Agarwal |
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Designation : |
Managing Director |
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Address : |
1609-B, Beverly Park II, |
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Date of Birth/Age : |
14.10.1960 |
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Date of Appointment : |
17.10.2008 |
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DIN : |
00024378 |
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Name : |
Mr. Raaja Kanwar |
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Designation : |
Director |
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Address : |
1/26 A, Shantiniketan, |
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Date of Birth/Age : |
04.02.1970 |
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Date of Appointment : |
13.05.2005 |
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DIN : |
00024402 |
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Name : |
Mr. Sanjay Shankar Gaikwad |
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Designation : |
Director |
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Address : |
44, Punarvasu, Tarangan Complex, Samata Nagar, Pokhran Road No. 1,
Thane West – 400606, |
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Date of Birth/Age : |
26.07.1965 |
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Date of Appointment : |
17.10.2008 |
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DIN : |
01001173 |
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Name : |
Mr. Tushar Gopalkrishna Agarwal |
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Designation : |
Director |
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Address : |
202-A, Deep Jyoti CHS, |
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Date of Birth/Age : |
02.07.1967 |
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Date of Appointment : |
17.10.2008 |
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DIN : |
00043184 |
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Name : |
Mr. Ameya Hete |
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Designation : |
Director |
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Address : |
A/3, Kanchan Kirti, Plot No.4, Dharampeth, |
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Date of Birth/Age : |
28.11.1975 |
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Date of Appointment : |
17.10.2008 |
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DIN : |
01645102 |
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Name : |
Mr. Sainath Ramanathan |
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Designation : |
Director |
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Address : |
102, First Floor, Orchid White 101, |
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Date of Birth/Age : |
03.05.1979 |
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Date of Appointment : |
16.03.2010 |
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DIN : |
02977212 |
KEY EXECUTIVES
|
Name : |
Mr. Somnath Saha |
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Designation : |
Secretary |
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Address : |
C38/S13, Kum Kum CHS, M.G. Complex, Sector 14, Vashi, Navi Mumbai –
400703, |
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Date of Birth/Age : |
07.01.1973 |
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Date of Appointment : |
21.01.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.08.2010
|
Names of Shareholders |
|
No. of Shares |
|
Appolo International Limited, |
|
3816468 |
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Raaja Kanwar |
|
563871 |
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Kapil Agarwal |
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269619 |
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Sanjay Gaikwad |
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514002 |
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Narendra Hete |
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318953 |
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Usman fayaz |
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457590 |
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DG2L Technologies Pte Limited, |
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940023 |
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3I Digital Media [Mauritiu] Limited, |
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6569190 |
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Valuable Technologies Limited, |
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2449146 |
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Valuable Media Limited, |
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2131782 |
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K.L. Ganju |
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168750 |
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Coxswain Technologies Limited, |
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67500 |
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Kapil Agarwal on behalf of M. B. Zaidi Memorial Trust |
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101250 |
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Kristen Buildcon Private Limited, |
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45900 |
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Aeren R Enterprises Private Limited |
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43800 |
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Advent Fiscal Private Limited, |
|
195046 |
As on 09.09.2010
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Names of Allottees |
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No. of Equity Shares Allotted |
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3i Digital Media [ |
|
547431 |
As on 21.10.2010
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Names of Allottees |
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No. of Equity Shares Allotted |
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Mr. P.S.S Prasad |
|
84 |
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Mr. Shiva Kumar |
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16 |
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Mr. Uday Gaikwad |
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42 |
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Mr. Dinesh Agarwal |
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34 |
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Mr. Sudhir Shetty |
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42 |
|
Valuable Technologies, Limited |
|
415066 |
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Total |
|
415284 |
As on 08.04.2011
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Names of Allottees |
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No. of
Preference Shares Allotted |
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P5 Asia Investment holdings [ |
|
1530000 |
As on 25.08.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
39.56 |
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Bodies corporate |
47.05 |
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Directors or relatives of Directors |
7.13 |
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Other top fifty shareholders |
6.07 |
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Others |
0.19 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Provide Digital Cinema Services |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged by Management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institution : |
Housing Development Finance Corporation Limited, Ramon House, 169
Backbay Reclamation, H T Parekh Marg, Mumbai – 400020, Maharashtra,. |
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Auditors : |
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Name : |
S.R. Batliboi and Associates Chartered Accountant |
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Address : |
18th Floor, |
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Tel. No.: |
91-22-66655000 |
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Fax No.: |
91-22-22826000 |
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Subsidiaries : |
CIN : U92490DL2007PTC159649
CIN : U74899DL2005PTC140965
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CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
43,500,000 |
Equity Shares |
Rs.10/-each |
Rs.435.000 millions |
|
1,500,000 |
11% Cumulative Redeemable Preference Shares |
Rs.100/-each |
Rs.150.000 millions |
|
1,500,000 |
61% Cumulative Convertible Preference Shares |
Rs.100/-each |
Rs.150.000 millions |
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Total |
|
Rs.735.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18,659,316 |
Equity Shares |
Rs.10/-each |
Rs.186.593 millions |
Of the above
4,806,037 equity shares of Rs. 10/- each has been
allotted as fully paid and issued to the shareholders of erstwhile UFO Moviez
Limited on Amalgamation without payment being received in cash pursuant to the
scheme of amalgamation, sanctioned and approved by the order of the high court
of
12,439,544 equity shares of Rs. 10/- each are
allotted as fully paid up bonus shares by capitalizing securities premium
Rs.124.395 millions
After 31.03.2010
Authorised Capital : Rs.1835.000
millions
Issued, Subscribed & Paid-up Capital : Rs.1784.504
millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
186.593 |
194.677 |
189.707 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
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3] Reserves & Surplus |
1711.339 |
1453.255 |
1158.225 |
|
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4] (Accumulated Losses) |
[622.156] |
[458.149] |
[203.043] |
|
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NETWORTH |
1275.776 |
1189.783 |
1144.889 |
|
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LOAN FUNDS |
|
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|
|
1] Secured Loans |
403.306 |
396.476 |
513.826 |
|
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
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TOTAL BORROWING |
403.306 |
396.476 |
513.826 |
|
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
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|
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TOTAL |
1679.082 |
1586.259 |
1658.715 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1116.063 |
913.043 |
653.505 |
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Capital work-in-progress |
72.969 |
73.014 |
194.898 |
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INVESTMENT |
17.215 |
14.972 |
202.617 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
169.750 |
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
31.686
|
18.101 |
2.916 |
|
|
Sundry Debtors |
137.068
|
137.468 |
33.003 |
|
|
Cash & Bank Balances |
151.277
|
194.797 |
34.665 |
|
|
Other Current Assets |
10.213
|
3.974 |
0.000 |
|
|
Loans & Advances |
687.611
|
684.155 |
583.789 |
|
Total
Current Assets |
1017.855
|
1038.495 |
654.373 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
165.845
|
157.016 |
53.264 |
|
|
Other Current Liabilities |
372.378
|
290.115 |
160.952 |
|
|
Provisions |
6.797
|
6.134 |
2.212 |
|
Total
Current Liabilities |
545.020
|
453.265 |
216.428 |
|
|
Net Current Assets |
472.835
|
585.230 |
437.945 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1679.082 |
1586.259 |
1658.715 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
720.839 |
549.846 |
190.567 |
|
|
|
Other Income |
41.656 |
169.899 |
36.316 |
|
|
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TOTAL (A) |
762.495 |
719.745 |
226.883 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
303.898 |
232.135 |
120.506 |
|
|
|
Personnel Expenses |
150.317 |
124.620 |
89.843 |
|
|
|
Administrative, Sales and other
Expenses |
249.475 |
137.102 |
151.064 |
|
|
|
TOTAL (B) |
703.690 |
493.857 |
361.413 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
58.805 |
225.888 |
[134.530] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
62.903 |
74.548 |
49.678 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
[4.098] |
151.340 |
[184.208] |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
159.908 |
161.840 |
74.545 |
|
|
|
|
|
|
|
|
|
|
Provision for Diminution in value of investment |
0.000 |
72.846 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
[164.006] |
[83.346] |
[258.753] |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.000 |
171.760 |
[95.402] |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
[164.006] |
[255.106] |
[163.351] |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
[458.149] |
[203.043] |
[39.692] |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
[622.155] |
[458.149] |
[203.043] |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Interest |
34.300 |
37.290 |
NA |
|
|
|
TOTAL EARNINGS |
34.300 |
37.290 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Purchase of Trading Goods |
37.561 |
24.709 |
- |
|
|
|
Consumable Stores & Spares |
57.382 |
20.460 |
- |
|
|
|
Capital Goods |
191.183 |
133.027 |
- |
|
|
|
TOTAL IMPORTS |
286.126 |
178.196 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
[11.49] |
[21.83] |
[35.96] |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
[21.51]
|
[35.44] |
[72.00] |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
[22.75]
|
[15.16] |
[135.78] |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
[7.68]
|
[4.27] |
[19.78] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
[0.13]
|
[0.07] |
[0.23] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.74
|
0.71 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
2.29 |
3.02 |
LOCAL AGENCY FURTHER INFORMATION
COMPANY PROFILE :
UFO India Limited [UIL] was incorporated in 2004 to provide digital
cinema services in
SUNDRY
CREDITORS DETAILS (Rs. in millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Total
Outstanding dues of creditors other than micro and small enterprises |
|
|
|
|
Capital Goods |
102.977 |
101.679 |
5.335 |
|
others |
62.868 |
55.337 |
47.929 |
|
Total |
165.845
|
157.016 |
53.264 |
Financial Results
:
During the
year, the Company's Operating Revenues increased from Rs. 549.846 millions in
the previous year lo Rs. 720.839 millions showing a healthy increase of 31% on Year
on Year basis. Correspondingly, there has been a significant improvement in the
EBIDTA levei as well. The EBIDTA from operating Activities for the current year
improved to Rs 73.553 millions viz-a-viz Rs. 55.988 millions in the last
financial year. However, due to depreciation of Indian Rupee v/s US Dollar, the
company had to provide a loss of Rs 56.405 millions on restatement of Foreign
Exchange Assets/Liabilities in the current year as against a profit of Rs.
119.860 millions in the previous year. The loss before; Exceptional Items and
tax far the current year therefore stood at Rs. 64.006 millions as compared to
Rs.10.500 millions during previous year.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U22120DL2004PLC164728 |
|
Name of the
company |
UFO MOVIEZ INDIA
LIMITED |
|
Address of the
registered office or of the principal place of business in |
1-B Sagar
Apartments, 6 Tilak Marg, |
|
This form is for |
Modification
of Charge |
|
Charge
identification (ID) number of the charge to be modified |
10207807 |
|
Type of charge |
|
|
Particular of
charge holder |
Axis Bank Limited,
Credit Management Centre, Corporate Park, Unit # 6, Sion Trombay Road,
Chembur, Mumbai – 400071, |
|
Nature of
instrument creating charge |
Supplemental Deed
Of Hypothecation Dated 3rd February 2011- Extension Of First Charge On All
The Fixed Assets Of The Company Except Vehicle Financed By Other Lenders.
Collateral- Extension Of First Charge On All The Current Assets Of The
Company |
|
Date of
instrument Creating the charge |
03.02.2011 |
|
Amount secured by
the charge |
Rs.810.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- As per sanction Letter no. AXISB/CO/MCII/RD/0580/10-11dated 31.01.2011 Terms of
Repayment - As per sanction Letter no. AXISB/CO/MCII/RD/0580/10-11dated
31.01.2011 Margin - 10% to
be collected upfront and kept in IDR with Bank's lien noted thereon Extent and
Operation of the charge – Primary-
Extension of First charge on all the fixed assets of the company except
vehicles financed by other lenders. Collateral-
Extension of first charge on all the current assets of the Company |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
All tangible
movable machinery, plant machinery, fixtures, fittings other installations,
cranes, furniture, computers and other accessories vehicles etc of borrower located
anywhere The whole of the
Borrower's movable goods and assets both present and future located any where
All the present
and future book debts, outstanding monies, receivables claims bills,
contracts, engagements and securities |
|
Date of instrument
modifying the charge |
05.01.2011 |
|
Particulars of
the present modification |
Sanction of one
time Capex LC limits of Rs. 200.000 millions and renewal cum enhancement of
WC LC limits from Rs. 50.000 millions to Rs. 80.000 millions |
FIXED ASSETS :
·
Plant and Machinery including Exhibition Equipment
·
Leasehold Property Improvements
·
Furniture and Fixtures
·
Computer Systems
·
Office Equipments
·
Electrical Installations and Equipments
·
Vehicles
AS PER WEBSITE
Company Profile
UFO Moviez India Limited (UFO) was founded by Valuable Group in the year
2005 and jointly promoted in association with Apollo International Limited a
part of the USD 1.5 billion Group Apollo.
UFO is the only company in the world delivering MPEG – 4 High Definition
content for Digital Cinema via satellite. The Company has revolutionized the
way films are distributed and exhibited through its pioneering technology,
infrastructure and unique pay per show business model, bringing in a 'First Day
First Show' regime for film distributors and cinema owners.
The company’s strength lies in its innovative business approach,
execution skills and focus on technology enabled business solutions. Within a
short span of time, the company has grown into the world’s largest and probably
the only satellite delivered digital cinema network with more than 2350
installations in
3i, an international investor focused on Private Equity, Infrastructure
and Debt Management investing in Europe, Asia and North America, has made
substantial investment in UFO to fuel UFO's ambitious growth plans. 3i's
competitive advantage comes from its international network and the strength and
breadth of its business relationships.
UFO has rolled out its 3D initiative and will be converting 1250 3D
enabled screen in the country by 2013 opening larger business prospects for the
Indian Film Industry and giving audiences a wider range in entertainment. UFO
Moviez also pioneered the concept of alternative content and was instrumental in
bringing the Indian Premier League 2010 cricket tournament LIVE in around 700
theatres on a pan India basis in High Definition with the Finals and
Semi-finals being screened in 3D .
After firmly entrenching itself in the Indian market, UFO is actively
working in markets such as
MILESTONES
November 2010
UFO Installs its 3D enabled digital cinema systems across 25 cinemas.
October 2010
Dabangg Releases in 1050 UFO
theatres, a UFO and Industry Record.
September 2010
UFO completes 2000 screens across
June 2010
UFO announces plans to equip 1250 theatres with 3D technology within 2 years.
March 2010
UFO brings IPL LIVE in cinemas .Finals and semi finals were screened in 3D.
January 2008
UFO completes 1,000 Digital Theatres.
July 2005
UFO became the first company in the world to deliver films via satellite for Digital Cinema Application using MPEG 4 technology.
January 2005
Conceptualized and launched UFO Valuable Media's Digital Cinema Initiatives.
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.44.68 |
|
|
1 |
Rs.73.04 |
|
Euro |
1 |
Rs.64.29 |
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 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
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 |
|
TOTAL |
|
30 |
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.