MIRA INFORM REPORT
|
Report Date : |
15.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SCRABBLE ENTERTAINMENT LIMITED |
|
|
|
|
Registered
Office : |
Plot No A-20, Cross Road B, MIDC, Andheri (East), Mumbai – 400093,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.02.2008 |
|
|
|
|
Com. Reg. No.: |
178456 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.47.683 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92190MH2008PLC178456 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS59437A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS6153Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing digital cinema services. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1690000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has huge growth in the turnover and profit of the company during
financial year 2013. Financial position of the company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitments. The company can be considered normal 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from
$31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports
and moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term loans = BBB |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
January 2014. |
|
Rating Agency Name |
ICRA |
|
Rating |
Long term loans = A2 |
|
Rating Explanation |
Strong degree of safety. It carry very high credit risk. |
|
Date |
January 2014. |
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
|
Name : |
Mr. Kailash Pagare |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-40305060 |
|
Date : |
04.04.2014 |
LOCATIONS
|
Registered Office : |
Plot No A-20, Cross Road B, MIDC, Andheri (East), Mumbai – 400093,
Maharashtra, India |
|
Tel. No.: |
91-22-40828000 / 67119700 |
|
Fax No.: |
91-22-40828049 / 67119777 |
|
E-Mail : |
ranjit@scrabbleentertainment.com
chirag.desai@scrabbleentertainment.com
|
|
Website : |
|
|
|
|
|
Head Office : |
215-218, 2nd Floor, Janki Centre, Off Veera Desai Road, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-40305060 |
DIRECTORS
As on 03.09.2013
|
Name : |
Sushil Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
B-401, 4th Floor, Satguru Complex, Phase – II, Filmcity
Road, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1964 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No. : |
00003163 |
|
|
|
|
Name : |
Kapil Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Flat No. 601, 6th Floor, Pecific Hights, Sharely Rajan Road,
off Carter Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1960 |
|
Date of Appointment : |
23.03.2011 |
|
DIN No. : |
00024378 |
|
|
|
|
Name : |
Rajesh Bhagwati Mishra |
|
Designation : |
Director |
|
Address : |
A-704, Nestle, 4th Cross Lane, Lokhandwala Complex,
Andheri, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1966 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No. : |
00103157 |
|
|
|
|
Name : |
Sunil Shamrao Patil |
|
Designation : |
Whole-time director |
|
Address : |
134/4/8, Ashoknagar, Chaturshringi, Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
28.05.1965 |
|
Qualification : |
MD in Radio Diagnosis |
|
Experience : |
15 Years |
|
Date of Appointment : |
01.02.2008 |
|
DIN No. : |
00350283 |
|
|
|
|
Name : |
Sanjay Shankar Gaikwad |
|
Designation : |
Director |
|
Address : |
44, Punarvasu Tarangan Complex, Samata Nagar, Pokhran Road No.1, Thane
(West), Thane – 400606, Maharashtra, India |
|
Date of Birth/Age : |
26.07.1965 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No. : |
01001173 |
KEY EXECUTIVES
|
Name : |
Mr. Kailash Pagare |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 03.09.2013
Equity Share
|
Names of Shareholders |
No. of Shares |
|
Sunil Shamrao Patil |
114568 |
|
Sanjay Shankar Gaikwad |
10 |
|
Kapil Kumar Agarwal |
10 |
|
Ashish Malushte |
10 |
|
Rajesh Mishra |
10 |
|
Sushil Kumar Agrawal |
10 |
|
Pankaj Jaysingh |
10 |
|
Vishnu Patel |
10 |
|
Ranjit Prakash Thakkar |
66609 |
|
UFO Moviez India Limited |
587140 |
|
|
|
|
Total |
768387 |
Preference shares
|
Names of Shareholders |
No. of Shares |
|
UFO Moviez India Limited |
34782 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
|
|
|
Bodies corporate |
76.41 |
|
Directors or relatives of Directors |
14.92 |
|
Other top fifty shareholders |
8.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing digital cinema services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||
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Bankers : |
|
|||||||||||||||
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|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
Tata Capital Limited, One Forbes, Dr V B Gandhi Marg, Fort, Mumbai -
400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
S R B C and Company LLP Chartered Accountants |
|
Address : |
14th floor, The Ruby, 29, Senapati Bapat Marg, Dadar (West), Mumbai –
400028, Maharashtra, India |
|
PAN No.: |
ABSFS4151K |
|
|
|
|
Holding : |
UFO Moviez India Limited |
|
|
|
|
Associates/Subsidiaries : |
Scrabble Entertainment (Mauratha) Limited |
|
|
|
CAPITAL STRUCTURE
As on 03.09.2013
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
104300 |
Preference shares |
Rs.1150/- each |
Rs.119.945 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 129.945
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
768387 |
Equity Shares |
Rs.10/- each |
Rs.7.684 Millions |
|
34782 |
Preference shares |
Rs.1150/- each |
Rs.39.999 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 47.683
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
47.683 |
47.683 |
5.192 |
|
(b) Reserves & Surplus |
374.704 |
318.731 |
40.698 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
35.000 |
|
Total
Shareholders’ Funds (1) + (2) |
422.387 |
366.414 |
80.890 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.755 |
2.933 |
4.609 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.074 |
|
(c) Other long term
liabilities |
181.389 |
120.663 |
0.000 |
|
(d) long-term provisions |
10.351 |
4.941 |
0.000 |
|
Total
Non-current Liabilities (3) |
194.495 |
128.537 |
4.683 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
37.994 |
63.063 |
|
(b) Trade payables |
159.018 |
72.807 |
153.338 |
|
(c) Other current liabilities |
86.724 |
54.831 |
111.162 |
|
(d) Short-term provisions |
4.157 |
3.265 |
0.000 |
|
Total
Current Liabilities (4) |
249.899 |
168.897 |
327.563 |
|
|
|
|
|
|
TOTAL |
866.781 |
663.848 |
413.136 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
185.631 |
208.464 |
34.158 |
|
(ii) Intangible Assets |
0.705 |
0.615 |
0.088 |
|
(iii) Capital work-in-progress |
13.840 |
8.114 |
10.030 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
60.865 |
60.865 |
12.000 |
|
(c) Deferred tax assets (net) |
21.243 |
12.562 |
0.000 |
|
(d) Long-term Loan and Advances |
236.207 |
125.346 |
21.949 |
|
(e) Other Non-current assets |
9.997 |
4.757 |
0.000 |
|
Total
Non-Current Assets |
528.488 |
420.723 |
78.225 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
16.441 |
10.424 |
0.000 |
|
(b) Inventories |
33.106 |
37.729 |
99.552 |
|
(c) Trade receivables |
241.324 |
141.567 |
151.528 |
|
(d) Cash and cash equivalents |
19.763 |
45.944 |
72.890 |
|
(e) Short-term loans and
advances |
22.287 |
5.713 |
8.690 |
|
(f) Other current assets |
5.372 |
1.748 |
2.251 |
|
Total
Current Assets |
338.293 |
243.125 |
334.911 |
|
|
|
|
|
|
TOTAL |
866.781 |
663.848 |
413.136 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
671.594 |
434.464 |
373.423 |
|
|
financial Income |
5.337 |
5.270 |
3.272 |
|
|
Other Income |
0.000 |
4.120 |
3.971 |
|
|
TOTAL
(A) |
676.931 |
443.854 |
380.666 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
74.078 |
16.331 |
|
|
Purchases of Stock-in-Trade |
|
168.310 |
214.522 |
|
|
profit prior expenses |
540.545 |
2.534 |
0.000 |
|
|
Employees benefits expense |
|
38.723 |
27.214 |
|
|
Other expenses |
|
86.756 |
88.043 |
|
|
TOTAL
(B) |
540.545 |
370.401 |
346.110 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
136.386 |
73.453 |
34.556 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.467 |
24.765 |
25.447 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
123.919 |
48.688 |
9.109 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
41.142 |
34.314 |
5.164 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
82.777 |
14.374 |
3.945 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
26.723 |
6.164 |
-3.081 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
56.054 |
8.210 |
7.026 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
Basic |
72.95 |
11.540 |
13.960 |
|
|
Diluted
|
-- |
11.330 |
13.960 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.28
|
1.85 |
1.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.35
|
3.24 |
1.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.74
|
2.47 |
1.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.01
|
0.11 |
0.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.44 |
1.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
5.192 |
47.683 |
47.683 |
|
Reserves & Surplus |
40.698 |
318.731 |
374.704 |
|
Share Application money pending
allotment |
35.000 |
0.000 |
0.000 |
|
Net
worth |
80.890 |
366.414 |
422.387 |
|
|
|
|
|
|
long-term borrowings |
4.609 |
2.933 |
2.755 |
|
Short term borrowings |
63.063 |
37.994 |
0.000 |
|
Total
borrowings |
67.672 |
40.927 |
2.755 |
|
Debt/Equity
ratio |
0.837 |
0.112 |
0.007 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
374.423 |
434.464 |
671.594 |
|
|
|
16.036 |
54.580 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
374.423 |
434.464 |
671.594 |
|
Profit After Tax |
7.026 |
8.210 |
56.054 |
|
|
1.88% |
1.89% |
8.35% |
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 |
No |
|
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) |
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 |
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 |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
37.994 |
|
|
|
|
|
Total |
0.000 |
37.994 |
NOTE :
The registered office of the company has been shifted
from 215-218, 2nd Floor, Janki Centre, Off Veera Desai Road, Andheri (West),
Mumbai – 400053, Maharashtra, India to the present address w.e.f. 01.04.2013.
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10471762 |
23/12/2013 |
100,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B94087798 |
|
2 |
10416808 |
12/03/2013 |
330,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
B72297567 |
|
3 |
10244947 |
09/09/2010 |
10,000,000.00 |
TATA CAPITAL
LIMITED |
ONE FORBES, DR V
B GANDHI MARG,FORT, MUMBAI, Maha |
A96596028 |
FINANCIAL PERFORMANCE :
During the year, the company’s Operating
Revenue increased from Rs. 438.585 Millions in the previous year to Rs. 676.931
Millions showing a growth of over 54% on year-on-year basis. The EBIDTA from
operating activities for the current financial year improved to Rs. 131.049
Millions viz-a-viz Rs. 68.183 Millions in the last financial year, thereby
showing an increase of over 92%. The operating EBIDTA margin has increased to
19.36% of the Operating Revenue in the year from 15.55% in the previous year.
The PAT for the year was Rs. 56.054 Millions against Rs. 8.210 Millions in the
previous year.
Corporate information
Subject is a public company domiciled in India
and incorporated under the provision of the Companies Act, 1956. The company is
into the business of providing digital cinema services.
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.60.27 |
|
|
1 |
Rs.100.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.