MIRA
INFORM REPORT
|
Report Date : |
26.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
FUTURE CORPORATE RESOURCES LIMITED (24.08.2011) |
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Formerly Known
As : |
FUTURE CORPORATE RESOURCES PRIVATE LIMITED (26.07.2011) SIMPLETON INVESTRADE PRIVATE LIMITED |
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Registered
Office : |
Knowledge House,
Shyam Nagar, Jogeshwari-Vikhroli, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
19.10.2005 |
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Com. Reg. No.: |
156856 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U51100MH2005PLC156856 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS51659G MUMP17626A |
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PAN No.: [Permanent Account No.] |
AAJCS3979E AAACP5083H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Media Business and Treasury Business. |
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No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100800000 |
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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
holding company and the Media Services Arm of the Future Group. It is a well
established and reputed firm. Financially the company is performing good. Trade
relations are reported to be fair. Business is active. Payments are reported
to be regular and as per commitments. In view of strong
holding the company can be considered good for normal business dealings at
usual trade terms and conditions. NOTE: Future Corporate Resources Limited amalgamated with Simpleton
Investrade Private Limited on 1st December, 2010. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB- (Long term loan) |
|
Rating Explanation |
Having moderate
degree of safety regarding timely servicing of financial obligation it carry
low credit risk. |
|
Date |
June, 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
Management non co-operative. [91-33-30917500]
LOCATIONS
|
Registered Office : |
Knowledge House,
Shyam Nagar, Jogeshwari-Vikhroli, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 09.08.2011
|
Name : |
Mr. Kishore Laxminarayan Biyani |
|
Designation : |
Director |
|
Address : |
406, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra,
India |
|
Date of Appointment : |
19.11.2005 |
|
DIN No.: |
00005740 |
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|
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|
Name : |
Ms. Sangita Kishor Biyani |
|
Designation : |
Director |
|
Address : |
406, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra,
India |
|
Date of Appointment : |
19.11.2005 |
|
DIN No.: |
00074580 |
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|
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|
Name : |
Mr. Vijay Laxminarayan Biyani |
|
Designation : |
Director |
|
Address : |
305, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra,
India |
|
Date of Appointment : |
08.04.2010 |
|
DIN No.: |
00005827 |
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|
|
|
Name : |
Mr. Vivek Biyani |
|
Designation : |
Whole-Time Director |
|
Address : |
304, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra,
India |
|
Date of Appointment : |
21.07.2011 |
|
DIN No.: |
01977838 |
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|
Name : |
Ms. Ashni Biyani Kishore |
|
Designation : |
Whole-Time Director |
|
Address : |
304, Jeevan Vihar, Manav Mandir Road, Mumbai-400006, Maharashtra,
India |
|
Date of Appointment : |
21.07.2011 |
|
DIN No.: |
00058775 |
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|
|
|
Name : |
Mr. Rajesh Ramjilal Kalyani |
|
Designation : |
Director |
|
Address : |
Flat No. 1506, Oberoi Park View, Tower-A, Thakur Village, Western
Express Highway, Kandivali (West), Mumbai-400101, Maharashtra, India |
|
Date of Appointment : |
08.08.2011 |
|
DIN No.: |
00220632 |
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|
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|
Name : |
Mr. Dinesh Ramnarayan Maheshwari |
|
Designation : |
Director |
|
Address : |
C-6-302, Sector 8, Shanti Nagar, Mira Road, Thane-401107, Maharashtra,
India |
|
Date of Appointment : |
08.08.2011 |
|
DIN No.: |
00088451 |
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|
|
|
Name : |
Mr. Chandra Prakash Toshniwal |
|
Designation : |
Director |
|
Address : |
A-603, Great Eastern Link, Ram Mandir Road, Goregaon (West),
Mumbai-400104, Maharashtra, India |
|
Date of Appointment : |
08.08.2011 |
|
DIN No.: |
00036303 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 09.08.2011
|
Names of
Shareholders |
No. of Shares |
|
Samreen Multitrading Private Limited |
16000 |
|
Tanushri Infrastructure Private Limited |
8500 |
|
Kavi Sales Agency Private Limited |
7500 |
|
Oviya Multitrading Private Limited |
7500 |
|
Radha Multitrading Private Limited |
7500 |
|
Raja Infrastructure Private Limited |
2000 |
|
Salarjung Multitrading Private Limited |
1000 |
|
|
|
|
TOTAL
|
50000 |
AS ON 10.08.2011
|
Names of
Allottees |
No. of Shares |
|
Samreen Multitrading Private Limited |
8000000 |
|
Tanushri Infrastructure Private Limited |
3750000 |
|
Kavi Sales Agency Private Limited |
4250000 |
|
Oviya Multitrading Private Limited |
3750000 |
|
Radha Multitrading Private Limited |
3750000 |
|
Raja Infrastructure Private Limited |
1000000 |
|
Salarjung Multitrading Private Limited |
500000 |
|
|
|
|
TOTAL |
25000000 |
AS ON 09.08.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Media Business and Treasury Business. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
v ING Vysya Bank
Limited, 22, v Dena Bank, Dena
Corporate Centre, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400
051, |
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Facilities : |
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Banking
Relations : |
-- |
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|
Financial Institution : |
v Sicom Limited, v IL and FS Trust
Company Limited, IL and FS Financial Centre, Plot No.C22, G Block,
Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India |
|
Auditors : |
|
|
Name : |
Shambhu Gupta and Company Chartered Accountants |
|
Address : |
512-513, Manish Chamber, Opposite Hotel Karan Palace, Sonawala Road,
Goregaon (East), Mumbai-400063, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFS4499Q |
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Subsidiaries : |
·
Asian Retail Lighting Limited
[U52599MH2007PLC166906] ·
Future Human Development Limited
[U74900MH2007PLC167121] ·
nuFuture Digital (India) Limited
[U72900MH2007PLC174787] ·
Future Outdoor Media Solutions Limited
[U22300MH2008PLC181041] ·
Future Capital Investment Private Limited
[U99999MH2006PTC159513] ·
Future Ideas Realtors India Limited
[U70102MH2007PLC175707] |
CAPITAL STRUCTURE
AFTER 09.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25130000 |
Equity Shares |
Rs.10/- each |
Rs.251.300 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25050000 |
Equity Shares |
Rs.10/- each |
Rs.250.500 Millions |
AS ON 09.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25130000 |
Equity Shares |
Rs.10/- each |
Rs.251.300 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
Million |
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
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 |
0.100 |
0.100 |
30.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
25222.092 |
0.000 |
44.476 |
|
|
4] (Accumulated Losses) |
0.000 |
(3.822) |
0.000 |
|
|
NETWORTH |
25222.192 |
(3.722) |
74.476 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
7933.621 |
0.000 |
3701.370 |
|
|
2] Unsecured Loans |
8794.796 |
6891.279 |
90.000 |
|
|
TOTAL BORROWING |
16728.417 |
6891.279 |
3791.370 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
41950.609 |
6887.558 |
3865.846 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
112.543 |
0.000 |
123.689 |
|
|
Capital work-in-progress |
198.250 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
39053.642 |
246.547 |
954.660 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2128.271
|
0.000 |
199.311 |
|
|
Sundry Debtors |
1179.416
|
0.000 |
808.036 |
|
|
Cash & Bank Balances |
41.231
|
0.301 |
10.351 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
3370.091
|
6640.729 |
1923.270 |
|
Total
Current Assets |
6719.009
|
6641.030 |
2940.968 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
165.381
|
0.019 |
44.911 |
|
|
Other Current Liabilities |
3950.353
|
0.000 |
108.598 |
|
|
Provisions |
17.101
|
0.000 |
0.008 |
|
Total
Current Liabilities |
4132.835
|
0.019 |
153.517 |
|
|
Net Current Assets |
2586.174
|
6641.011 |
2787.451 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.046 |
|
|
|
|
|
|
|
|
TOTAL |
41950.609 |
6887.558 |
3865.846 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
833.248 |
152.097 |
1342.608 |
|
|
|
Other Income |
176.909 |
4.022 |
47.807 |
|
|
|
TOTAL (A) |
1010.157 |
156.119 |
1390.415 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption Materials Changes Inventories |
344.547 |
|
|
|
|
|
Employee Related Expenses |
113.692 |
0.000 |
1104.702 |
|
|
|
Administrative Selling Other Expense |
40.809 |
0.025 |
|
|
|
|
Prior Period Items |
0.027 |
0.000 |
|
|
|
|
TOTAL (B) |
499.075 |
151.960 |
1104.702 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
511.082 |
4.159 |
285.713 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
478.185 |
5.060 |
308.381 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
32.897 |
(0.901) |
(22.668) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.736 |
0.000 |
15.092 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
27.161 |
(0.901) |
(37.760) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.005 |
0.001 |
(17.460) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
22.156 |
(0.902) |
(20.300) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(3.822) |
(2.920) |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
11.125 |
0.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
7.209 |
(3.822) |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1103.07 |
(90.16) |
(21.88) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.19
|
(0.58) |
(1.45) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.26
|
(0.59) |
(2.81) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.40
|
(0.01) |
(1.23) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.24 |
(0.51) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.83
|
(1851.50) |
52.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63
|
349527.89 |
19.15 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
SUNDRY CREDITORS |
|
|
|
|
small micro enterprises |
0.000 |
0.000 |
0.000 |
|
due others |
165.381
|
0.019 |
44.911 |
|
TOTAL |
165.381 |
0.019 |
44.911 |
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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) |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
FINANCIAL
HIGHLIGHTS:
The Company reported
a growth in income with total income of Rs. 1010.157 Millions. The Media
business was major driver in driving the sales of the Company and contributed
Rs. 713.016 Millions to total income of the Company. The Company generated Rs.
83.788 Millions income from Consultancy business of the Company. The T24
business model of mobile service of the Company contributed Rs. 33.038 Millions
and management is optimistic on growth and revenue in near future from T24
business model.
During the Year,
the Profit after Tax of the Company was Rs. 22.156 Millions and transferred Rs.
11.125 Millions to Debenture Redemption Reserve Account.
SCHEME OF AMALGAMATION:
During the Year, a
Scheme of Amalgamation of Future Corporate Resources Limited with Simpleton
Investrade Private Limited and their respective Shareholders U/s 391 to 394 of
the Companies Act, (the Scheme) for amalgamation of Future Corporate 1956
Resources Limited, the wholly owned subsidiary with the Company was approved by
the Honable High Court of Judicature at Bombay on 29th April, 2011.
Accordingly, the said Scheme became effective from 01st December, 2010 (the
Appointed Date) on 19th July, 2011 (being the Effective Date). The results of
the Company the year ended 31st March, 2011 include the results of Future
Corporate Resources Limited after giving effect to Scheme of Amalgamation.
CHANGE OF NAME OF THE COMPANY:
In order to
reflect the new line of business activities and the business amalgamated
through Scheme of Amalgamation, the name of the Company was changed to Future
Corporate Resources Private Limited effective 26th July, 2011. Going forward,
management is in process to convert the Company into Public Limited Company.
BANKERS CHARGES REPORT AS PER
REGISTRY
|
This form is for |
Creation of charge
|
|
Corporate
identity number of the company |
U51100MH2005PLC156856 |
|
Name of the
company |
FUTURE CORPORATE
RESOURCES LIMITED |
|
Address of the
registered office or of the principal place of business in |
Knowledge House,
Shyam Nagar, Jogeshwari-Vikhroli, |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Others Immovable
Property |
|
Particular of
charge holder |
Dena Bank, Dena Corporate Centre, G Block, Bandra-Kurla Complex,
Bandra (East), Mumbai – 400 051, Email: bankur@denabank.co.in
|
|
Nature of
description of the instrument creating or modifying the charge |
Indenture of
Assignment Cum Mortgage dated 29th March, 2012 |
|
Date of
instrument Creating the charge |
29.03.2012 |
|
Amount secured by
the charge |
Rs.2000.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate
(10.70%) + Term Premium (0.50%) +1.80% i.e. 13% p.a. linked to Base Rate with
Annual reset Terms of
Repayment Loan shall be
repaid in 20 quarterly stepped up installments starting form the end of 18th
Months from the date of First Disbursement. Margin 25% at the time
of each drawal Extent and
Operation of the charge The Charge
operates on specific immovable property, Whole Movable Fixed Assets Rights,
Intangible Assets, Stock in Trade, Bills Receivables, Book Debts of T24
Division of Assignment Cum Mortgage dated 29th March, 2012 |
|
Short particulars
of the property charged |
Charge on
Immovable property Flat No. 1203, 12th Floor, Oberoi Splendor, Majas Village,
Jogeswari (E), Mumbai along with one car parking. Whole Movable
Fixed Assets Rights, Intangible Assets, Stock in Trade, Bills Receivables,
Book Debts of T24 Division. |
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 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] 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.55.34 |
|
|
1 |
Rs.88.30 |
|
Euro |
1 |
Rs.71.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
52 |
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.