1. Summary Information
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Country |
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Company Name |
MATHRUBHUMI PRINTING AND PUBLISHING COMPANY LIMITED |
Principal Name 1 |
Mr. M. P. Veerendrakumar |
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Status |
Good |
Principal Name 2 |
Mr. P V Chandran |
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Registration # |
09-1522 |
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Street Address |
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||
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Established Date |
15.02.1922 |
SIC Code |
-- |
|
Telephone# |
91-495-2356655/ 2356252/ 2356544 |
Business Style 1 |
Printing |
|
Fax # |
91-495-2356656/ 2360062 |
Business Style 2 |
Publishing |
|
Homepage |
Product Name 1 |
Newspaper |
|
|
# of employees |
1500
(Approximately) |
Product Name 2 |
Periodicals |
|
Paid up capital |
Rs.1,715,500/- |
Product Name 3 |
Scrap |
|
Shareholders |
Directors or Relatives of Directors – 69.00% Other top Fifty Shareholders – 21.00% Others – 10.00% |
Banking |
State
Bank of Travancore |
|
Public Limited Corp. |
NO |
Business Period |
89 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A (64) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
983,342,000 |
Current Liabilities |
582,117,000 |
|
Inventories |
206,991,000 |
Long-term Liabilities |
981,306,000 |
|
Fixed Assets |
1,111,458,000 |
Other Liabilities |
42,531,000 |
|
Deferred Assets |
0 |
Total Liabilities |
1,605,954,000 |
|
Invest& other Assets |
92,798,000 |
Retained Earnings |
786,920,000 |
|
|
|
Net Worth |
788,635,000 |
|
Total Assets |
2,394,589,000 |
Total Liab. & Equity |
2,394,589,000 |
|
Total Assets (Previous Year) |
2,777,853,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,564,057,000 |
Net Profit |
247,326,000 |
|
Sales(Previous yr) |
1,384,091,000 |
Net Profit(Prev.yr) |
9,334,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
MATHRUBHUMI PRINTING AND PUBLISHING COMPANY LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
15.02.1922 |
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Com. Reg. No.: |
09-1522 |
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|
|
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Capital Investment / Paid-up Capital : |
Rs. 1.715 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U22110KL1922PLC001522 |
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|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHNM00052D |
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Legal Form : |
A Closely Held Public Limited Liability Company. |
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Line of Business : |
The Company is Engaged in Printing and Publishing of
Newspaper. |
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No. of Employees : |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 3154000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed company having fine track.
Financial position of the company appears to be sound. Fundamentals are
strong and healthy. Trade relations are reported as fair. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered for normal business dealings at usual
trade terms and conditions. |
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
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 |
LOCATIONS
|
Registered Office : |
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Tel. No.: |
91-495-2356655/ 2356252/ 2356544 |
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Fax No.: |
91-495-2356656/ 2360062 |
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E-Mail : |
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Website : |
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Branches : |
Located at:
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DIRECTORS
As on 22.09.2010
|
Name : |
Mr. Maniyamkode Padmaprabha Veerendrakumar |
|
Designation : |
Chairman and Managing Director |
|
Address : |
Puliyarmala Estate, Kalpetta North, South Wynad – 673121, |
|
Date of Birth/Age : |
22.07.1936 |
|
Date of Appointments: |
11.11.1979 |
|
DIN No.: |
00114996 |
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Name : |
Mr. Parayarukandi Vettath Chandran |
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Designation : |
Whole Time Director |
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Address : |
Keralakala Azhachavattom, |
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Date of Birth/Age : |
23.11.1939 |
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Date of Appointments: |
01.09.1994 |
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DIN No.: |
00115059 |
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Name : |
Mr. Vattaparambil Bhaskara Menon |
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Designation : |
Director |
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Address : |
Advocate FF 6B29, Maruti, Vasanthi Nagar, |
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Date of Birth/Age : |
31.07.1938 |
|
Date of Appointments: |
12.03.1979 |
|
DIN No.: |
00115473 |
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Name : |
Mr. Maniyamkode Jinachandran Vijaya Padman |
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Designation : |
Whole Time Director |
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Address : |
Vjaya Mahal, Kalpetta North, South Wynad – 673121, |
|
Date of Birth/Age : |
17.04.1951 |
|
Date of Appointments: |
01.07.2004 |
|
DIN No.: |
00114930 |
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Name : |
Mr. Parayarukandi Vettath Nidhish |
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Designation : |
Whole Time Director |
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Address : |
Keralakala Azhachavattom, |
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Date of Birth/Age : |
07.03.1970 |
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Date of Appointments: |
05.06.1994 |
|
DIN No.: |
00114891 |
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Name : |
Mrs. Kalpana Krishna Mohan |
|
Designation : |
Director |
|
Address : |
Vijaya Mohan,
Kalpetta North, South Wynad – 673121, |
|
Date of Birth/Age : |
07.08.1949 |
|
Date of Appointments: |
12.07.1999 |
|
DIN No.: |
00114856 |
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Name : |
Mr. Parayarukandy Vettath Gangadharan |
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Designation : |
Director |
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Address : |
Keralakala,
Azhchavattom Calicut, Kozhikode – 673007, |
|
Date of Birth/Age : |
08.08.1943 |
|
Date of Appointments: |
08.04.1984 |
|
DIN No.: |
00115031 |
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Name : |
Mr. Karumathil Mohandas Radhakrishnan |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
14.02.1932 |
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Date of Appointments: |
30.09.2002 |
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DIN No.: |
00115085 |
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Name : |
Mr. Maniyamkode Veerendralumar Srayams Kumar |
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Designation : |
Whole Time Director |
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Address : |
Anandamandiram,
Puliyar Mala, Kalpetta North, |
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Date of Birth/Age : |
15.04.1967 |
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Date of Appointments: |
20.09.2006 |
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Partnership Firm: |
Shridevi Enterprises |
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DIN No.: |
00877099 |
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Name : |
Mr. Thandayam Parambil Kunhikrishnan Jayarajan |
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Designation : |
Director |
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Address : |
Kalpaka, Tali
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Date of Birth/Age : |
07.07.1939 |
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Date of Appointments: |
20.09.2006 |
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DIN No.: |
00049770 |
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Name : |
Mr. Anakkara Vadakath Madhavan Achuthan |
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Designation : |
Whole Time Director |
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Address : |
D – 505, SDM Vihar, Opposite Sangham Theatre, R K Puram New Delhi 110022, New Delhi, India |
|
Date of Birth/Age : |
15.06.1926 |
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Date of Appointments: |
30.04.1985 |
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DIN No.: |
00115114 |
KEY EXECUTIVES
|
Name : |
Mr. Gopala Krishnan |
|
Designation : |
Secretary |
|
Address : |
5/38, Shree
Nilayam, Eranhipalam Calicut – 673006, |
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Date of Birth/Age : |
10.07.1933 |
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Date of Appointments: |
16.11.1958 |
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PAN.: |
ADBPG1223B |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
69.00 |
|
Other top fifty shareholders |
21.00 |
|
Others |
10.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is Engaged in Printing and Publishing of
Newspaper. |
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Products : |
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Terms : |
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Selling : |
Cash or Credit terms. |
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Purchasing : |
L/C, Cash or Credit terms. |
GENERAL INFORMATION
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Customers : |
Wholesaler |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
●
State Bank of Travancore, Kozhikode Main
Branch, ●
Canara Bank, Cherooty Road, ●
Andhra Bank, ●
Vijaya Bank, |
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Facilities : |
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Banking Relations
: |
Good |
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Auditors : |
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Name : |
K K Thampan and Company (TRS Umesh) Chartered Accountants |
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Address : |
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PAN.: |
AAGPU5363E |
CAPITAL STRUCTURE
AS ON 22.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7000 |
Equity Share |
Rs.500/- Each |
Rs. 3.500 millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7000 |
Equity Share |
Rs.500/- Each |
Rs. 3.500 millions |
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3429 |
Equity Share |
Rs.500/- Each |
Rs. 1.714
millions |
|
|
Add: Forfeited shares |
|
Rs. 0.001
Million |
|
|
Total |
|
Rs. 1.715 Millions |
Note:
339471 Equity shares of Rs. 5/-each were
issued as Bonusshares in the year 2000-01
on the fully paid 3429 Equity shares in the ratio of 1:** capitalizing
Rs. 1.697 Millions from General Reserve, taking the total numbers of equity
shares fully paid to 342900. These 342900 Equity shares of Rs. 5/- each were
then consolidated into 3429 equity shares of Rs. 500/- each.
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.715 |
1.715 |
1.715 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
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3] Reserves & Surplus |
786.920 |
575.580 |
572.264 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
788.635 |
577.295 |
573.979 |
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LOAN FUNDS |
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1] Secured Loans |
701.696 |
902.477 |
518.051 |
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2] Unsecured Loans |
279.610 |
259.611 |
233.310 |
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TOTAL BORROWING |
981.306 |
1162.088 |
751.361 |
|
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DEFERRED TAX LIABILITIES |
42.531 |
31.283 |
33.634 |
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|
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TOTAL |
1812.472 |
1770.666 |
1358.974 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1111.458 |
885.956 |
863.238 |
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Capital work-in-progress |
92.064 |
106.341 |
36.192 |
|
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INVESTMENT |
0.734 |
0.734 |
0.734 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
206.991
|
790.554
|
183.083
|
|
|
Sundry Debtors |
479.339
|
417.831
|
362.332
|
|
|
Cash & Bank Balances |
169.082
|
96.778
|
98.389
|
|
|
Other Current Assets |
2.928
|
1.503
|
0.938
|
|
|
Loans & Advances |
331.993
|
478.156
|
270.147
|
|
Total
Current Assets |
1190.333
|
1784.822 |
914.889 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
169.798
|
719.237
|
146.625
|
|
|
Other Liabilities |
45.354
|
26.121
|
47.398
|
|
|
Provisions |
366.965
|
261.829
|
262.056
|
|
Total
Current Liabilities |
582.117
|
1007.187
|
456.079
|
|
|
Net Current Assets |
608.216
|
777.635
|
458.810
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1812.472 |
1770.666 |
1358.974 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1564.057 |
1384.091 |
1311.441 |
|
|
|
Other Income |
1835.955 |
1598.199 |
1472.103 |
|
|
|
TOTAL (A) |
3400.012 |
2982.290 |
2783.544 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
1475.276 |
1526.181 |
|
|
|
|
Other Stores |
84.929 |
86.145 |
|
|
|
|
Salaries, Wages and Bonus |
616.191 |
547.114 |
|
|
|
|
Managerial Remuneration |
6.292 |
4.901 |
|
|
|
|
Other Production Expenses |
206.550 |
198.666 |
|
|
|
|
Administrative Expenses |
138.604 |
129.149 |
|
|
|
|
Selling and Distribution Expenses |
203.764 |
218.841 |
|
|
|
|
Bad Debts |
1.064 |
2.211 |
|
|
|
|
TOTAL (B) |
2732.670 |
2713.208 |
2233.952 |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
667.342 |
269.082 |
549.592 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
110.805 |
106.831 |
75.459 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
556.537 |
162.251 |
474.133 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
165.777 |
141.974 |
132.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
390.760 |
20.277 |
341.896 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
143.434 |
10.943 |
130.918 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
247.326 |
9.334 |
210.978 |
|
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.194 |
0.478 |
0.170 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
247.520 |
9.812 |
211.148 |
|
|
|
|
|
|
|
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|
|
IMPORTS |
|
|
|
|
|
|
|
News Print |
658.882 |
1715.618 |
824.283 |
|
|
|
Components, Spares and Other Materials |
12.762 |
23.196 |
97.459 |
|
|
TOTAL IMPORTS |
671.644 |
1738.814 |
921.742 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
72128 |
2722 |
--- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
7.27 |
0.31 |
7.58 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
24.98 |
1.46 |
26.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.98 |
0.76 |
19.23 |
|
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|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49 |
0.03 |
0.59 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.98 |
3.76 |
2.10 |
|
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.04 |
1.77 |
2.01 |
LOCAL AGENCY FURTHER INFORMATION
Financial Results:
The year’s working shows a net profit of Rs. 247.326 Millions (Previous Year Rs. 9.334 Millions), after providing for depreciation of Rs. 165.777 Millions (Previous year Rs. 141.974 Millions for Taxation Rs. 130.000 Millions (Previous Year Rs. 15.793 Millions Including Fringe Benefit Tax) and Deferred Income tax Liability Rs. 11.249 (Previous Year Assets Rs. 2.351 Millions) After Making the above provisions and additions and also taking into account the balance of profit carried forward from previous year amounting to Rs. 0.194 Millions make a total of Rs. 247.520 Millions available for appropriation
The Income from sale of daily and periodicals went up by Rs. 176.506 Millions over previous year. The advertisement revenue from daily and periodicals went up by Rs. 136.661 Millions (Increase of 9% over previous year) and that from FM Radio by Rs. 30.319 Millions (increase of 41% over previous year). The average price of newsprint consumed during the year was Rs. 3559.404 Millions per tonne as against 3695.731 during previous year. Employee costs also rose by nearly 10% during the year.
As reported last year, the frontline machine ordered for
Thrissur has been installed in the new building in Thalore, Thrissur. The new
edition of the Mathrubhami Daily commenced publication from Alappuzha on 31st
May 2010. the high line tower ordered for Alappuzah has also been installed. The
construction of building in
Contingent
Liabilities on account of:
|
Particulars |
As on 31.03.2010 (Rs.
in Millions) |
As on 31.03.2009 (Rs.
in Millions) |
|
Letters of Credit and Bank Guarantees |
45.058 |
92.645 |
|
Total |
45.058 |
92.645 |
Form 8
|
Corporate
identity number of the company |
U22110KL1922PLC001522 |
|
Name of the
company |
MATHRUBHUMI PRINTING AND PUBLISHING COMPANY LIMITED |
|
Address of the
registered office or of the principal place of business in |
|
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable
Property Book Debts Others (Current
Assets ) |
|
Particular of
charge holder |
State Bank of
Travancore, Kozhikode Main Branch, |
|
Nature of instrument
creating charge |
|
|
Date of
instrument Creating the charge |
26.09.2009 |
|
Amount secured by
the charge |
Rs.530.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
Interests: As determined by
bank Terms of
Repayment: As determined by
bank Margin: As determined by
bank Extent and
Operation of the charge: 1. Hypothecation
of whole of the current assets viz. stocks of raw materials, stocks in progress,
semi finished goods and finished goods, stores etc. and book debts and all
other movables 2. Extension of
equitable mortgage of 26 no of immovable properties located at various place 3. Second charge
on fixed assets of the company |
|
Particulars of
the property charged |
·
Hypothecation
of whole of the current assets viz. stocks of raw materials, stocks in
progress, semi finished goods and finished goods book debts, movables and
Second charge on fixed assets of the company. ·
Extension
of equitable mortgage of 26.00 cents of land with office building in Sy. No.
1175/1 in Thrissur District standing in the name of the company. ·
Extension
of equitable mortgage of 150.00 cents of land with office building in Sy. No.
85/3 in Eranakulam District standing in the name of the company. ·
Extension
of equitable mortgage of 38.00 cents of land with office building in Sy. No.
17-13-479 in Kozhikode District standing in the name of the company. ·
Extension
of equitable mortgage of 19.00 cents of land with office building in Sy. No.
84/B2 in Kozhikode District standing in the name of the company. ·
Extension
of equitable mortgage of 17.00 cents of land with office building in Sy. No.
TS. 323-10-19 in Kozhikode District standing in the name of the company. ·
Extension
of equitable mortgage of 22.00 cents of land with office building in Sy. No.
39-7 TS.71-11-2 in Kozhikode District standing in the name of the company. ·
Extension
of equitable mortgage of 91.00 cents of land with office building in Sy. No.
39/700 in Kozhikode District standing in the name of the company. ·
Extension
of equitable mortgage of 53.00 cents of land with office building in Sy. No.
19-21-626/1.2 11/1, 11/2 in Kozhikode District standing in the name of the
company. ·
Extension
of equitable mortgage of 161.00 cents of land with office building in Sy. No.
11/3 and 4, 10/1, 11/4 in Kozhikode District standing in the name of the
company. |
|
Particulars of
the present modification |
|
FIXED ASSETS
- Land (Leasehold and Freehold)
- Building
- Plant and Machinery
- Furniture
- Vehicles
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.45.28 |
|
|
1 |
Rs.73.30 |
|
Euro |
1 |
Rs.63.61 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
64 |
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.