MIRA INFORM REPORT
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Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
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Name : |
MEDIASCOPE PUBLICITAS (INDIA) PRIVATE LIMITED (w.e.f 19.12.2001) |
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Formerly Known
As : |
MEDIASCOPE PROMOTION NETWORK ( |
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Registered
Office : |
51, Doli Chambers, 5th Floor, Off |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
11.10.2000 |
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Com. Reg. No.: |
11-129111 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
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CIN No.: [Company Identification
No.] |
U72900MH2000PTC129111 |
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TAN No.: [Tax Deduction & Collection
Account No.] |
MUMM14560A |
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PAN No.: [Permanent Account No.] |
AACCM5115F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Media Concession and Publicators. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (53) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 600000 |
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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 company having a good track record. The financial
position of the company is healthy and strong. Trade relations are reported
as decent. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good for 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.
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 PARTED BY
|
Name : |
Mr. Mehul Vora |
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Designation : |
Account Department |
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Contact No.: |
91-22-22048890 |
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Date : |
17.05.2013 |
LOCATIONS
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Registered Office / Corporate Office : |
51, Doli Chambers, 5th Floor, Off |
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Tel. No.: |
91-22-22048890 / 61377400 / 22881041 |
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Fax No.: |
91-22-61377400 / 22824889 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Extension Office for the Head Office : |
402, |
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Branch Office : |
Located at :
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DIRECTORS
As on 12.09.2012
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Name : |
Mr. Marzban B. Patel |
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Designation : |
Managing Director |
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Address : |
P-1, Glenelg, 11, Damani House, Cuffe Parade, Mumbai – 400005, Maharashtra, India |
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Date of Birth/Age : |
13.02.1960 |
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Date of Appointment : |
11.10.2000 |
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DIN No.: |
00060636 |
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Name : |
Mr. Hans Peter Rohner |
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Designation : |
Director |
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Address : |
Route De Geneve, 50B, 1028, Preverenges, Switzerland – 1028 |
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Date of Appointment : |
20.04.2007 |
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DIN No.: |
01446151 |
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Name : |
Mr. Manish Mehta |
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Designation : |
Alternate Director of Mr. Hans Peter Rohner |
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Address : |
38-A-8, Arvasu Co-operative Housing Society, 2nd Floor, 1sr Road, T.P.S. VI, Santacruz (West), Mumbai – 400054, Maharashtra, India |
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Date of Birth/Age : |
23.07.1963 |
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Date of Appointment : |
29.06.2009 |
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DIN No.: |
02721588 |
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Name : |
Petrikowski Rudiger Gert |
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Designation : |
Director |
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Address : |
Kirschenackerweg, 22, 3063,Ittigen |
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Date of Birth/Age : |
08.01.1966 |
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Date of Appointment : |
12.09.2012 |
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DIN No.: |
05339701 |
KEY EXECUTIVES
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Name : |
Mr. Mehul Vora |
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Designation : |
Account Department |
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Name : |
Yogesh Dalvi and Associates |
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Designation : |
Company Secretaries |
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Address : |
92A, 1st Floor, Near Apna Bazar, Charkop Market junction, Kandivali
(West), Mumbai – 400067, Maharashtra, India
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Mobile No.: |
91-9867649941 |
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E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 12.09.2012
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Names of Shareholders |
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No. of Shares |
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Marzban B. Patel |
|
87500 |
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Anita M. Patel |
|
87500 |
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Publication Asia Holding Limited, Hong Kong |
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325000 |
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Total |
|
500000 |
As on 12.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
65.00 |
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Directors or relatives of Directors |
35.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Providing Media Concession and Publicators. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
Citi Bank, Mumbai, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rahul Gautam Divan and Associates Chartered Accountants |
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Address : |
C/O. Midsnell, 134, Mittal Tower C’, Nariman Point, Mumbai – 400021, |
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Tel. No.: |
91-22-66324991/ 66324992 |
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Fax No.: |
91-22-22875374 |
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E-Mail : |
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PAN No.: |
AADFR9025P |
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Holding Company : |
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Group Companies : |
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Associates : |
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CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Reconciliation of
Number of Shares
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Particular |
31.03.2012 |
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Number of Equity Share at the beginning of the year |
500000 |
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Add/(Less): Addition/deduction during the year |
-- |
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Number of Equity
Share at the end of the year |
500000 |
Details of
Shareholders holding more than 5% shares:
|
Particular |
No. of Share |
% of Holding |
|
Publicitas Asia Holding Limited, Hong Kong (the holding company) |
325000 |
65.00% |
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Marzban Patel |
120000 |
24.00% |
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Anita Patel |
55000 |
11.00% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
5.000 |
5.000 |
5.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
146.839 |
126.914 |
106.631 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
151.839 |
131.914 |
111.631 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
151.839 |
131.914 |
111.631 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
14.810 |
14.889 |
12.682 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
1.598 |
1.491 |
1.359 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
375.147
|
277.703 |
286.746 |
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Cash & Bank Balances |
46.607
|
46.273 |
52.840 |
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Other Current Assets |
0.000
|
0.161 |
0.000 |
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Loans & Advances |
50.693
|
11.656 |
44.830 |
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Total
Current Assets |
472.447
|
335.793 |
384.416 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
317.701
|
200.473 |
209.291 |
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Other Current Liabilities |
19.315
|
19.786 |
27.321 |
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Provisions |
0.000
|
0.000 |
50.214 |
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Total
Current Liabilities |
337.016
|
220.259 |
286.826 |
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Net Current Assets |
135.431
|
115.534 |
97.590 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
151.839 |
131.914 |
111.631 |
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PROFIT & LOSS
ACCOUNT
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|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
|
316.493 |
187.217 |
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Other Income |
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TOTAL (A) |
392.094 |
316.493 |
187.217 |
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EXPENSES |
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Office Expenses |
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Administrative Expenses |
362.277 |
286.243 |
121.306 |
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Advertising Expenses |
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TOTAL (B) |
362.277 |
286.243 |
121.306 |
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PROFIT BEFORE
TAX (E-F) (G) |
29.818 |
30.250 |
65.911 |
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TAX (H) |
9.893 |
10.167 |
23.210 |
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PROFIT AFTER TAX
(G-H) (I) |
19.925 |
20.083 |
42.701 |
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PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
87.819 |
67.535 |
77.722 |
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Under
Provision Earlier |
0.000 |
0.000 |
(1.589) |
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APPROPRIATIONS |
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Transfer to General Reserve |
0.000 |
0.000 |
4.500 |
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Proposed Interim Dividend |
0.000 |
0.000 |
20.000 |
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Proposed Final Dividend |
0.000 |
0.000 |
3.399 |
|
|
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Proposed Final Dividend |
0.000 |
0.000 |
20.000 |
|
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Corporate Dividend Tax |
0.000 |
0.000 |
3.399 |
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BALANCE CARRIED
TO THE B/S |
107.744 |
87.819 |
67.535 |
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EARNINGS IN
FOREIGN CURRENCY |
|
|
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|
|
|
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Commission Earnings |
113.136 |
86.815 |
87.257 |
|
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TOTAL EARNINGS |
113.136 |
86.815 |
87.257 |
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Earnings Per
Share (Rs.) |
39.85 |
40.57 |
85.40 |
|
%20PRIVATE%20LIMITED%20-%20222003%2018-May-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20222003%2018-May-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.08
|
6.35 |
22.81 |
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.12
|
8.63 |
16.60 |
|
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Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.23 |
0.59 |
|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
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|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40
|
1.52 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs
in Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Due Micro, Small and Medium Enterprise |
0.000 |
0.000 |
0.000 |
|
Creditors Others |
317.701
|
200.473 |
209.291 |
|
TOTAL |
317.701
|
200.473 |
209.291 |
|
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 |
Yes |
|
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 |
No |
|
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 |
Yes |
|
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 |
No |
OPERATIONS/WORKING
RESULTS
The total income of the Company for the year is amounted to Rs.392.094 Millions as compared to Rs.316.493 Millions for the year 2010-11. After deducting total expenditure of Rs. 362.277 Millions the Company has earned a profit after tax of Rs. 19.925 Millions.
FIXED ASSETS
- Furniture and Fixtures
- Computer
- Vehicles
- Office Equipments
WEBSITE DETAILS
PRESS RELEASES
Publicitas
establishes presence in Japan
7th May 2013: Publicitas, the leading international media service company, opens a new office in Tokyo on 15th April 2013. Strengthening its global footprint, Publicitas will be an important link between media brands and the local advertising market in Japan.
Publicitas represents international media owners in local markets, offering advertisers direct access to a premium, worldwide media portfolio. As of April 15th 2013, Publicitas operations in Tokyo provide Japanese advertisers with Print, TV, and Digital media solutions along with premier OOH and custom events to reach their international and premier local target audiences.
Ms. Hiroko Minato, Managing Director, Publicitas Japan leads the venture. Ms. Minato is a highly respected media professional with over 30 years of advertising sales experience in Japan. She will support Marzban Patel, CEO Publicitas, India and Asia in delivering bespoke solutions to clients in the region.
Marzban Patel, Chief Executive Officer India and Asia Publicitas: Publicitas is extremely proud of opening its operations in Japan. We have a brilliant team on the ground that will work closely with our regional and global experts to deliver the right solutions to our media partners and esteemed advertisers across media platforms.
Hiroko Minato, Managing Director, Publicitas Japan: We are very excited at the launch of Publicitas Japan. Publicitas' worldwide network, wealth of knowledge, experience and premier portfolio of traditional and new media enables us to offer clients in Japan an unparalleled fully integrated service.
Japanese businesses increasingly allocate a significant portion of their marketing budget to overseas advertising and bespoke communication, emphasizing the importance of partnership with non-Japanese clients and overseas markets. Publicitas Japan is uniquely well placed to benefit from this new market development.
About Publicitas:
Publicitas is a leading international media service company and represented worldwide in over 20 countries. The company represents foreign media owners in local markets and offers advertisers and agencies simplified and centralised access to premium media in over 100 countries. Throughout the global network, specialists provide a wide range of media expertise under one roof, developing media solutions from a portfolio of leading quality newspapers, luxury magazines, premium outdoor spaces, TV, radio as well as mobile and digital platforms.
Publicitas is a company of PubliGroupe and headquartered in Zurich, Switzerland. Mediascope Publicitas, Publicitas Publishing and Matrix Media in India and Asia and Adnative in Europe are sister companies of Publicitas. Worldwide the company employs around 1100 people. For further information about Publicitas
Publicitas now the exclusive U.S. advertising sales
agent for The Globe and Mail
New York / 1st April 2013 The Globe and Mail appoints Publicitas, a leading international media services company, as its exclusive sales agent for advertising in the United States.
Effective April 1, 2013, Publicitas will be responsible for the full portfolio of The Globe’s media platforms, including print, magazine, custom and digital content.
Publicitas currently represents The Globe in Europe and Asia, providing a more than twenty-five year foundation to build upon. The current globalization of media, together with Publicitas’ focus on premium publishing, drove The Globe to leverage the Publicitas network enabling them to create high-level programs with senior clients.
The Globe and Mail continues to innovate and extend its leadership in one of the few western markets that remains resilient to global economic issues. The combination of one of the world’s most successful and dynamic media companies and a highly educated market of discerning, affluent consumers, represents considerable opportunity to our international and U.S. marketing partners, » said Simon Taylor, CEO Americas and Europe, Publicitas.
Publicitas launches its newly designed global
website
Switzerland, Zurich/ 5th March 2013 The new website of Publicitas boasts from a modern and clean design, offering new sections, features and video, to showcase the global network and its services to clients.
The new homepage features Publicitas’ popular media search tool in a unique new design. The tool provides access to more than 20,000 Media Factsheets, which are now also linked to the Publicitas or international media news archives. This provides advertisers with a valuable information source and library of media product features, consumer insights, market reports and advertising rates.
A network highlight section, on the homepage, presents insights into Publicitas’ operations worldwide, sharing latest press releases from the group, events and new products. Further pages include business case studies, Publicitas' services and its expanded network with easy access to the local websites.
Finally, the responsive design presents an optimised viewing experience and easy navigation whether the site is accessed from a mobile, tablet or computer.
Head International and COO Publicitas, Johannes Braun: «The new website reflects the strength of our international network and positioning as a global media insights and solutions provider. We are delighted with the result and look forward to continuing to provide the highest service to our media partners and advertising clients.
BlackBook celebrates
its first anniversary with Cavalli on the cover
10th January 2013: BlackBook, India’s only magazine to look at the business of luxury celebrates its first anniversary this month. Over the last 12 months BlackBook has successfully tracked how India is becoming a serious market for major luxury brands around the world, through articles that dissect consumer behaviour patterns, and in-depth interviews with promoters of Indian and international luxury. It has examined every new trend and has brought out exciting stories and news from across the world to the desks of people who matter within the industry.
“Information exchange within this burgeoning important luxury market was clearly missing. There was no glue that brought decision makers, influencers and the growing tribe of professionals interested in the business of luxury under one platform. We launched BlackBook to fill that gap. We have covered a lot of ground over one year and are encouraged with the industries acceptance. We have a number of activities planned for year 2 that should benefit the industry and the players within” Marzban Patel, CEO Publicitas India and Asia
BlackBook celebrates its first anniversary with Cavalli on our cover, who talks about how necessary it is for luxury brands to associate with glamour. The information-packed first issue also takes a bird eye view of the industry, as it stands at a cusp. The game changers section introduces you to people, and projects, that changed the face of luxury in India – from furniture designer Gunjan Gupta’s bid for international recognition to Bhibhu Mohapatra, who fired the imagination of the Americans with his cutting-edge fashion, Pernia Quereshi’s successful online fashion outing, where she gets the best of Indian designers to showcase, and sell, their stuff, and Vivanta by Taj – Bekal’s attempt to remap the India travel map with their property in this never-heard-of destination.
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.54.89 |
|
|
1 |
Rs.83.66 |
|
Euro |
1 |
Rs.70.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.