MIRA
INFORM REPORT
|
Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
TURMERIC VISION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-18, Dalia Estate, Near Fun Republic, off |
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|
Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
24.07.2006 |
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Com. Reg. No.: |
11-163275 |
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Capital
Investment/ Paid-up Capital: |
Rs.233.595
Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U22300MH2006PTC163275 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT13640E |
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|
|
PAN No.: [Permanent Account No.] |
AACCT5209P |
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|
|
Legal Form : |
Private Limited Liability Company. |
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|
Line of Business
: |
The main object of the company is to carry on the business of
television channel. |
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|
|
|
No. of Employees : |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (16) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a subsidiary of Astro All Asia Network Plc, Malaysia It is an established company having moderate track. There appears huge
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 on a secured 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Raj Panwar |
|
Designation : |
Accountant |
|
Contact No.: |
91-9930001216 |
|
Date : |
24.02.2012 |
LOCATIONS
|
Registered Office : |
C-18, Dalia Estate, Near Fun Republic, off New Link Road, Andheri
West, Mumbai-400053, Maharashtra, India |
|
Tel. No.: |
91-22-26735015 |
|
Mobile No.: |
91-9930001216 (Mr. Raj Panwar) |
|
Fax No.: |
91-22-26735014 |
|
E-Mail : |
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|
Website : |
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|
Area : |
4000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office
: |
4th Floor, ‘A’ Wing, Modi House, Dalia Estate, Near Fun
Republic, off New Link Road, Andheri West, Mumbai-400053, Maharashtra, India |
|
|
|
|
Branch Office : |
401, Dakha House, 18/17, W.E.A, Karol Bagh, New
Delhi-110005, |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sanjeev Surendra Kapoor |
|
Designation : |
Director |
|
Address : |
101, Anand Mansion, Gulmohar Cross Road No. 5, JVPD Scheme, Juhu, Vile
Parle West, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
10.04.1964 |
|
Date of Appointment : |
24.07.2006 |
|
DIN No.: |
00151488 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U99999MH2000PTC134511 |
INDIAN
COOKERY.COM PRIVATE LIMITED |
Director |
21-02-00 |
21-02-00 |
- |
Active |
NO |
|
2 |
U55101MH2001PTC134012 |
KHANA
KHAZANA INDIA PRIVATE LIMITED |
Director |
23-11-01 |
23-11-01 |
- |
Active |
NO |
|
3 |
U74140DL2000PTC107229 |
PRISTINE
VENTURES PRIVATE LIMITED |
Director |
22-02-04 |
22-02-04 |
- |
Active |
NO |
|
4 |
U22300MH2006PTC163275 |
TURMERIC
VISION PRIVATE LIMITED |
Director |
24-07-06 |
24-07-06 |
- |
Active |
NO |
|
5 |
U15139MH2007PTC167851 |
KARS
FOODS INDIA PRIVATE LIMITED |
Director |
14-02-07 |
14-02-07 |
- |
Active |
NO |
|
6 |
U55203MH2008PTC177255 |
KSK
FOODS PRIVATE LIMITED |
Director |
02-01-08 |
02-01-08 |
- |
Active |
NO |
|
7 |
U55101MH2008PTC177254 |
SIMPLI
DHABA PRIVATE LIMITED |
Director |
02-01-08 |
02-01-08 |
- |
Active |
NO |
|
8 |
U92100MH2008PTC182622 |
KHANA
KHAZANA PRODUCTIONS PRIVATE LIMITED |
Director |
23-05-08 |
23-05-08 |
- |
Active |
NO |
|
9 |
U22100MH2009PTC189601 |
KHANA
KHAZANA PUBLICATIONS PRIVATE LIMITED |
Director |
15-01-09 |
15-01-09 |
- |
Active |
NO |
|
10 |
U74900MH2009PTC192547 |
WONDERCHEF
HOME APPLIANCES PRIVATE LIMITED |
Director |
21-05-09 |
21-05-09 |
- |
Active |
NO |
|
11 |
U74900MH2009PTC192546 |
TREASURE
RETAIL PRIVATE LIMITED |
Director |
21-05-09 |
21-05-09 |
- |
Active |
NO |
|
12 |
U74900MH2009PTC193479 |
KUBERA
VENTURES PRIVATE LIMITED |
Director |
22-06-09 |
22-06-09 |
- |
Active |
NO |
|
13 |
U55101MH2010PTC209517 |
INDIAN
COOKERY PRIVATE LIMITED |
Director |
27-10-10 |
27-10-10 |
- |
Active |
NO |
|
Name : |
Mrs. Alyona Sanjeev Kapoor |
|
Designation : |
Director |
|
Address : |
101, Anand Mansion, Gulmohar Cross Road No. 5, JVPD Scheme, Juhu, Vile
Parle West, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
22.04.1967 |
|
Date of Appointment : |
24.07.2006 |
|
DIN No.: |
00151391 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U55101MH2001PTC134012 |
KHANA
KHAZANA INDIA PRIVATE LIMITED |
Director |
23-11-01 |
23-11-01 |
- |
Active |
NO |
|
2 |
U22300MH2006PTC163275 |
TURMERIC
VISION PRIVATE LIMITED |
Director |
24-07-06 |
24-07-06 |
- |
Active |
NO |
|
3 |
U15139MH2007PTC167851 |
KARS
FOODS INDIA PRIVATE LIMITED |
Director |
14-02-07 |
14-02-07 |
- |
Active |
NO |
|
4 |
U55203MH2008PTC177255 |
KSK
FOODS PRIVATE LIMITED |
Director |
02-01-08 |
02-01-08 |
- |
Active |
NO |
|
5 |
U55101MH2008PTC177254 |
SIMPLI
DHABA PRIVATE LIMITED |
Director |
02-01-08 |
02-01-08 |
- |
Active |
NO |
|
6 |
U92100MH2008PTC182622 |
KHANA
KHAZANA PRODUCTIONS PRIVATE LIMITED |
Director |
23-05-08 |
23-05-08 |
- |
Active |
NO |
|
7 |
U22100MH2009PTC189601 |
KHANA
KHAZANA PUBLICATIONS PRIVATE LIMITED |
Director |
15-01-09 |
15-01-09 |
- |
Active |
NO |
|
8 |
U74900MH2009PTC193479 |
KUBERA
VENTURES PRIVATE LIMITED |
Director |
22-06-09 |
22-06-09 |
- |
Active |
NO |
|
9 |
U74900MH2009PTC192547 |
WONDERCHEF
HOME APPLIANCES PRIVATE LIMITED |
Director |
26-03-10 |
26-03-10 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Raj Panwar |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sanjeev Kapoor |
|
167875 |
|
Khana TV LLP, Mumbai, Maharashtra, India |
|
1172442 |
|
Mogae Consultants Private Limited, Mumbai, Maharashtra, India |
|
335960 |
|
South Asia Creative Assets Limited, Mauritius |
|
1683219 |
|
Total |
|
3359496 |
As on 30.09.2011
Equity Share Breakup (Percentage of Total Equity)
|
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 |
50.10 |
|
Bodies corporate |
10.00 |
|
Directors or relatives of Directors |
05.00 |
|
Other top fifty shareholders |
34.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The main object of the company is to carry on the business of television
channel. |
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|
Imports : |
|
|
Products : |
Light Broad Casting Equipment |
|
Countries : |
|
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|
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Terms : |
|
|
Purchasing : |
Advance and T/T |
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|
|
|
Selling : |
T/T |
GENERAL INFORMATION
|
Customers : |
Media |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
HDFC Bank, Versova Branch, Mumbai, Maharashtra, India |
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Facilities : |
|
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
S. V. Ghatalia and Associates Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar West, Mumbai
400028, Maharashtra, India |
|
Tel. No.: |
91-22-23803666 |
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E-Mail : |
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|
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Holding Company : |
South Asia Creative Assets Limited |
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Ultimate Holding
Company : |
Astro All Asia Networks plc. |
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|
|
|
Related Parties
: |
·
Khana Khazana Productions Private Limited. ·
Khana TV LLP ·
Khana Khazana India Private Limited |
CAPITAL STRUCTURE
After As on
31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs. 10/- each |
Rs.40.000 Millions |
|
50000 |
1% Non Cumulative Class A Equity Shares |
Rs.10000/- each |
Rs.500.000 Millions |
|
|
Total |
|
Rs.540.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3359496 |
Equity Shares |
Rs. 10/-
each |
Rs.33.595
Millions |
|
20000 |
1% Non Cumulative Class A Equity Shares |
Rs.10000/-
each |
Rs.200.000
Millions |
|
|
Total |
|
Rs.233.595 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 |
233.595 |
18.345 |
18.345 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
75.350 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(225.892) |
[3.693] |
[1.906] |
|
|
NETWORTH |
83.052 |
14.652 |
16.439 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.400 |
12.452 |
11.455 |
|
|
TOTAL BORROWING |
0.400 |
12.452 |
11.455 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.093 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
83.453 |
27.197 |
27.894 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
23.338 |
0.752 |
0.964 |
|
|
Capital work-in-progress |
20.834 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
17.284 |
18.337 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.239
|
1.730
|
1.552 |
|
|
Sundry Debtors |
0.882
|
0.000
|
0.000 |
|
|
Cash & Bank Balances |
26.415
|
0.881
|
0.967 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
79.389
|
0.238
|
0.118 |
|
Total
Current Assets |
128.925
|
2.849
|
2.637 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
70.478
|
0.000
|
0.000 |
|
|
Other Current Liabilities |
17.184
|
0.060
|
0.302 |
|
|
Provisions |
1.982
|
0.000
|
0.000 |
|
Total
Current Liabilities |
89.644
|
0.060
|
0.302 |
|
|
Net Current Assets |
39.281
|
2.789
|
2.335 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
6.372 |
6.258 |
|
|
|
|
|
|
|
|
TOTAL |
83.453 |
27.197 |
27.894 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
0.000 |
|
|
|
Other Income (Dividend) |
|
|
0.166 |
|
|
|
TOTAL |
1.025 |
0.217 |
0.166 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Salaries |
|
|
0.391 |
|
|
|
Administrative, Selling and other Expenses |
|
1.911 (Including
Depreciation) |
0.330 |
|
|
|
Preliminary Expenses written off |
|
|
0.027 |
|
|
|
TOTAL |
223.317 |
1.911 |
0.748 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
[0.582] |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
|
|
0.570 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(222.292) |
[1.694] |
[1.152] |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.093) |
0.094 |
0.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(222.199) |
[1.788] |
[1.182] |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
[0.724] |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
[1.906] |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Capital Goods |
10.871 |
0.000 |
0.000 |
|
|
|
TOTAL IMPORTS |
10.871 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(92.96) |
[0.97] |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(21677.95)
|
(823.96)
|
[712.05] |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(145.99)
|
[47.04]
|
[31.99] |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.68)
|
[0.12]
|
[0.07] |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.08
|
0.85
|
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44
|
47.48
|
8.73 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
In Millions)
|
Particulars
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Due Others |
70.478 |
0.000 |
0.000 |
|
Total |
70.478 |
0.000 |
0.000 |
|
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
No |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
No |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
No |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Fixed Assets:
·
Furniture and Fixture
·
Computers
·
Studio Equipments
·
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.49.07 |
|
|
1 |
Rs.77.19 |
|
Euro |
1 |
Rs.65.57 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
16 |
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.