|
Report Date : |
27.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
OUTLOOK PUBLISHING (INDIA) PRIVATE LIMITED (w.e.f. 05.11.2002) |
|
|
|
|
Formerly Known
As : |
BANDRA CONTRACTORS AND DEVELOPERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Windsor, 7th Floor, Off C.S. T. Road, Near Bandra Kurla
Complex, Santacruz- East, Mumbai-400098, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
23.04.1992 |
|
|
|
|
Com. Reg. No.: |
11-066495 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.642 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MH1992PTC066495 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELO01764A/ MUM002690C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB0664J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Publishing Periodical Magazines and other publications. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
-- |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of ‘Rajan Raheja Group’. It is an established company having a moderate track record. The
latest financials are not made available with the government department. As per previous year’s record, there appear huge accumulated losses
recorded by the company. However, the company gets good support from its group companies. Trade
relations are reported to be fair. Business is active. Payments are reported
to be unknown. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB- (Fund |Based Limit) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligations. It carry moderate credit risk. |
|
Date |
January 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Kuldeep |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-11-26191421 |
|
Date : |
24.12.2012 |
LOCATIONS
|
Registered/ Corporate Office : |
Windsor, 7th Floor, Off C.S. T. Road, Near Bandra Kurla
Complex, Santacruz- East, Mumbai-400098, Maharashtra, India |
|
Tel. No.: |
91-22-30612222/ 22830663 |
|
Fax No.: |
91-22-30612233/ 30612201 |
|
E-Mail : |
|
|
Website: |
|
|
Area: |
Approximately 2000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Publishing Office : |
AB – 10, Safdarjung Enclave, |
|
Tel. No.: |
91-11-26191421 |
|
Fax No.: |
91-11-26191420 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vinayak Premchand Aggarwal |
|
Designation : |
Director |
|
Address : |
201, Raheja Haven, |
|
Date of Birth/Age : |
12.04.1969 |
|
Date of Appointment : |
12.03.2009 |
|
DIN No.: |
00007280 |
|
|
|
|
Name : |
Mr. Anchery Unnikrishnan |
|
Designation : |
Director |
|
Address : |
708 / B, Brindaban II, Near Poonam Nagar, Andheri (East), Mumbai, |
|
Date of Birth/Age : |
19.01.1956 |
|
Date of Appointment : |
02.05.1995 |
|
DIN No.: |
00007022 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Kumar Singh |
|
Designation : |
Secretary |
|
Address : |
644, 2nd Floor, Sector 3 F, Vaishali Ghaziabad-201010,
Uttar Pradesh, India |
|
Date of Birth/Age : |
14.01.1984 |
|
Date of Appointment : |
10.09.2012 |
|
PAN No.: |
BMFPS9082L |
|
|
|
|
Name : |
Mr. Kuldeep |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Suman Raheja |
11 |
|
Rajan Raheja |
11 |
|
Akshay Raheja Jointly with Suman Raheja |
100 |
|
Viren Raheja Jointly with Suman Raheja |
100 |
|
Matsyagandha Investments and Finance Private Limited, |
32844753 |
|
Varahgiri Investments and Finance Private Limited, |
48507849 |
|
Coronet Investments Private Limited, |
39481200 |
|
Bloomingdale Investments and Finance Private Limited, |
34115400 |
|
Manali Investment and Finance
Private Limited, |
48831750 |
|
TOTAL
|
203781174 |
|
Names of Preference Shareholders |
No. of Shares |
|
Rajan Raheja Jointly with Akshay Raheja |
1250000 |
|
Suman Raheja Jointly with Akshay Raheja |
1250000 |
|
TOTAL
|
2500000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Publishing Periodical Magazines and other publications. |
|
|
|
|
Products : |
·
Publishing ·
Periodical Magazine and Other Publication |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Periodical Magazines |
Nos. |
14662226 |
|
Guide Books |
Nos. |
91830 |
GENERAL INFORMATION
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Vijaya Bank, Santacruz (West) Branch, ·
Bank of ·
HSBC Bank ·
ICICI Bank Limited ·
Indian Bank ·
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G M Kapadia and Company Chartered Accountants |
|
Address : |
1001, Raheja Chambers, 213, Nariman Point, Mumbai-400021, |
|
Tel. No.: |
91-22-66116611 |
|
Fax No.: |
91-22-66116600 |
|
PAN No.: |
AAAFG4913G |
|
|
|
|
Related Parties : |
·
Varahagiri Investment and Finance Private Limited ·
Coronet Investment Private Limited ·
Manali Investment and Finance Private Limited ·
Matsyagandha Investment and Finance Private
Limited ·
Bloomingdale Investment and Finance Private
Limited ·
Hatchway Cable and Datacom Limited ·
Peregrine Capital India Private Limited ·
Spur Cable and Datacom Private Limited ·
Brindaban Builders Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.1/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20642550 |
Equity Shares |
Rs.1/- each |
Rs. 20.642
Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
205000000 |
Equity Shares |
Rs.1/- each |
Rs. 205.000 Millions |
|
2500000 |
Preference Shares |
Rs.100/- each |
Rs. 250.000 Millions |
|
|
TOTAL |
|
Rs. 455.000
Millions |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
203782950 |
Equity Shares |
Rs.1/- each |
Rs. 203.783
Millions |
|
2500000 |
Preference Shares |
Rs.100/- each |
Rs. 250.000 Millions |
|
|
TOTAL |
|
Rs. 453.783 Millions |
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
203781174 |
Equity Shares |
Rs.1/- each |
Rs. 203.781
Millions |
|
2500000 |
Preference Shares |
Rs.100/- each |
Rs. 250.000 Millions |
|
|
TOTAL |
|
Rs. 453.781 Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
20.642 |
18.791 |
11.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
289.276 |
233.738 |
0.000 |
|
|
4] (Accumulated Losses) |
(1183.922) |
(1102.769) |
(936.834) |
|
|
NETWORTH |
(874.004) |
(850.240) |
(925.834) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
42.515 |
94.088 |
109.513 |
|
|
2] Unsecured Loans |
973.159 |
973.829 |
987.829 |
|
|
TOTAL BORROWING |
1015.674 |
1067.917 |
1097.342 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.670 |
217.677 |
171.508 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
98.013 |
116.202 |
123.339 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.226 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.105 |
0.105 |
0.105 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
62.514
|
79.548
|
78.292
|
|
|
Sundry Debtors |
298.589
|
306.692
|
293.981
|
|
|
Cash & Bank Balances |
15.612
|
14.681
|
9.209
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
71.399
|
79.775
|
90.086
|
|
Total
Current Assets |
448.114
|
480.696 |
471.568 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
283.021
|
274.197
|
280.306
|
|
|
Other Current Liabilities |
119.255
|
104.400
|
131.563
|
|
|
Provisions |
2.286
|
0.729
|
11.861
|
|
Total
Current Liabilities |
404.562
|
379.326 |
423.730 |
|
|
Net Current Assets |
43.552
|
101.370
|
47.838
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.670 |
217.677 |
171.508 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
962.922 |
871.627 |
935.155 |
|
|
|
Other Income |
33.998 |
8.894 |
1.139 |
|
|
|
TOTAL (A) |
996.920 |
880.521 |
936.294 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales and Operating Cost |
446.389 |
445.148 |
455.206 |
|
|
|
Staff Expenses |
277.589 |
244.607 |
281.837 |
|
|
|
Sales, Distribution and Marketing Expenses |
169.048 |
191.120 |
260.982 |
|
|
|
Administrative Expenses |
160.875 |
132.852 |
157.716 |
|
|
|
TOTAL (B) |
1053.901 |
1013.727 |
1155.741 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(56.981) |
(133.206) |
(219.447) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.853 |
17.639 |
11.913 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(68.834) |
(150.845) |
(231.360) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.849 |
12.060 |
12.354 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(79.683) |
(162.905) |
(243.714) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.077 |
0.107 |
5.746 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(79.760) |
(163.012) |
(249.460) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1102.769) |
(936.834) |
(683.862) |
|
|
|
|
|
|
|
|
|
|
Prior
Period Adjustment |
(1.393) |
(2.923) |
(3.512) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1183.922) |
(1102.769) |
(936.834) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales of Magazines |
3.393 |
1.674 |
0.896 |
|
|
|
|
6.284 |
11.346 |
19.710 |
|
|
|
|
0.539 |
0.409 |
0.579 |
|
|
|
Sale of Web Space |
0.889 |
0.639 |
0.308 |
|
|
|
Subscription received |
0.022 |
0.040 |
0.023 |
|
|
|
Others |
0.154 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
11.281 |
14.108 |
21.516 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import of Paper |
84.713 |
115.206 |
129.003 |
|
|
|
Import Magazine |
25.015 |
26.645 |
33.972 |
|
|
TOTAL IMPORTS |
109.728 |
141.851 |
162.975 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.06) |
(14.94) |
(23.00) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(8.00)
|
(18.51) |
(26.64) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(8.28)
|
(18.69) |
(26.06) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.59)
|
(27.29) |
(40.97) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.19 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(1.62)
|
(1.70) |
(1.64) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.27 |
1.11 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Sundry Creditors for Expenses |
250.812 |
241.122 |
248.968 |
|
Sundry Creditors for Others |
32.209 |
33.075 |
31.338 |
|
TOTAL |
283.021 |
274.197 |
280.306 |
NOTE
Registered office has been shifted from Rahejas Corner of Main Avenue and
V P Road, Santacruz (West), Mumbai-400054, Maharashtra, India to the present
address w.e.f. 22.09.2010
FIXED ASSETS
·
Building Premises
·
Furniture and Fittings
·
Camera Equipments
·
Office Equipments
·
Computer
·
Plant and Machinery
·
Vehicles
·
Computer Software
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 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 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. 54.96 |
|
|
1 |
Rs. 88.67 |
|
Euro |
1 |
Rs. 72.45 |
INFORMATION DETAILS
|
Information Gathered
by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.