MIRA
INFORM REPORT
|
Report Date : |
29.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
NGC NETWORK (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Star House, Urmi Estate, 95, Ganpatrao Kadam Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.06.2000 |
|
|
|
|
Com. Reg. No.: |
11-127390 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.466 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74300MH2000PTC127390 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN07064B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABC1401A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily engaged in distribution and
advertising sales business of the National Geographic Channel and The Fox Traveller
Channel (HD and SD feeds) and acts as an agent of NGC Network Asia LLC and
Fox International Channels (US) Inc. and also engaged in program content/post
production services to media companies. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1430000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established and reputed company having fine track
record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are
reported to be regular 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-66305555)
LOCATIONS
|
Registered Office : |
Star House, Urmi Estate, 95, Ganpatrao Kadam Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
|
Tel. No. : |
91-22-66305555 |
|
Fax No. : |
91-22-66305050 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office 1 : |
Plot No. 77, Institutional Area, Sector 32, Gurgaon - 122001, Haryana,
India |
|
Tel. No. : |
91-124-6654400 |
|
Fax no. : |
91-124-2382685 |
|
|
|
|
Corporate Office 2 : |
Star India Private Limited, 205, Okhla Industrial Estate, Phase III,
New Delhi - 110020, India |
|
Tel. No.: |
91-11-66567827 |
|
Fax No.: |
91-11-66567828 |
|
E-Mail : |
|
|
|
|
|
Advertising Sales: |
Located At: ·
Kolkata Chennai Mumbai Gurgaon |
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|
|
|
Distribution: |
Located At: ·
Kolkata Chennai Mumbai Lucknow Bangalore Chandigarh Hyderabad New Delhi Jaipur Jodhpur Jabalpur Indore Pune Vijaywada Cochin Raipur Nasik Bhopal Nagpur Coimbatore Madurai Patna Guwahatri Hosur Ranchi Bhubaneswar |
DIRECTORS
As on 16.08.2013
|
Name : |
Mr. Sameer Chawla |
|
Designation : |
Directors |
|
Address : |
D-021, Ridgewood Estate, DLF Phase IV, Gurgaon, |
|
Date of Birth/Age : |
21.06.1969 |
|
Date of Appointment : |
27.01.2005 |
|
DIN No.: |
00024103 |
|
|
|
|
Name : |
Mr. Keerthan Adyanthaya |
|
Designation : |
Managing Director |
|
Address : |
603, Uma Shikar, Plot NO. 541, |
|
Date of Appointment : |
02.04.2010 |
|
DIN No.: |
02395161 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sameer Chawla |
|
1 |
|
NGC Network (Mauritius) Holdings Limited, Mauritius |
|
46629 |
|
Keerthan Adyanthaya |
|
1 |
|
Total |
|
46631 |
As on 16.08.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20265255_MIRA%2029-Apr-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in distribution and
advertising sales business of the National Geographic Channel and The Fox Traveller
Channel (HD and SD feeds) and acts as an agent of NGC Network Asia LLC and
Fox International Channels (US) Inc. and also engaged in program content/post
production services to media companies. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West),
Mumbai - 400028, Maharashtra, India |
|
Tel No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS3421N |
|
|
|
|
Holding Company : |
NGC Network (Mauritius) Holding Limited |
|
|
|
|
Intermediate Holding Company : |
NGC Network Asia LLC [Holding Company of NGC Network (Mauritius)
Holding Limited] |
|
|
|
|
Fellow Subsidiary : |
· Fox International Channels (US) Inc. Star India Private Limited Fox Channels (India) Private
Limited Star Entertainment Media Private
Limited Vijay Television Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46631 |
Equity Shares |
Rs.10/- each
|
Rs.0.466
Million |
|
|
|
|
|
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 |
0.466 |
0.466 |
0.466 |
|
(b) Reserves & Surplus |
357.360 |
314.039 |
268.683 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
357.826 |
314.505 |
269.149 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
19.523 |
13.550 |
11.100 |
|
Total Non-current Liabilities (3) |
19.523 |
13.550 |
11.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
374.224 |
394.620 |
277.928 |
|
(c) Other current
liabilities |
59.164 |
48.977 |
45.362 |
|
(d) Short-term provisions |
0.911 |
0.999 |
1.462 |
|
Total Current Liabilities (4) |
434.299 |
444.596 |
324.752 |
|
|
|
|
|
|
TOTAL |
811.648 |
772.651 |
605.001 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
15.507 |
16.239 |
15.631 |
|
(ii) Intangible Assets |
3.532 |
0.385 |
0.852 |
|
(iii) Capital
work-in-progress |
7.828 |
1.573 |
0.271 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
15.396 |
16.063 |
13.948 |
|
(d) Long-term Loan and Advances |
146.582 |
103.023 |
96.944 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
188.845 |
137.283 |
127.646 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
304.645 |
281.031 |
239.848 |
|
(d) Cash and cash
equivalents |
276.323 |
328.007 |
209.066 |
|
(e) Short-term loans and
advances |
41.671 |
19.849 |
28.142 |
|
(f) Other current assets |
0.164 |
6.481 |
0.299 |
|
Total Current Assets |
622.803 |
635.368 |
477.355 |
|
|
|
|
|
|
TOTAL |
811.648 |
772.651 |
605.001 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
672.536 |
710.766 |
435.153 |
|
|
|
Other Income |
7.252 |
7.645 |
7.756 |
|
|
|
TOTAL |
679.788 |
718.411 |
442.909 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
393.003 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
49.906 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
17.113 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
43.321 |
45.356 |
32.793 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
|
549.287 |
320.755 |
|
|
|
Revenue From Programming Content |
|
129.469 |
99.239 |
|
|
TOTAL EARNINGS |
650.130 |
678.756 |
419.994 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
929.02 |
972.66 |
703.24 |
|
%20PRIVATE%20LIMITED%20-%20265255_MIRA%2029-Apr-2014_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.37 |
6.31 |
7.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
NA |
11.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
8.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.43 |
1.47 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.466 |
0.466 |
0.466 |
|
Reserves & Surplus |
268.683 |
314.039 |
357.360 |
|
Net
worth |
269.149 |
314.505 |
357.826 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20265255_MIRA%2029-Apr-2014_files/image005.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
435.153 |
710.766 |
672.536 |
|
|
|
63.337 |
-5.379 |
%20PRIVATE%20LIMITED%20-%20265255_MIRA%2029-Apr-2014_files/image007.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
435.153 |
710.766 |
672.536 |
|
Profit |
32.793 |
45.356 |
43.321 |
|
|
7.54% |
6.38% |
6.44% |
%20PRIVATE%20LIMITED%20-%20265255_MIRA%2029-Apr-2014_files/image009.gif)
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 |
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 |
Yes |
|
23] |
Banking Details |
No |
|
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 |
CURRENT MATURITIES OF
LONG TERM DEBTS: NOT AVAILABLE
LITIGATION DETAILS
|
HIGH COURT OF BOMBAY |
||||||
|
CASE DETAILS |
||||||
|
BENCH: BOMBAY |
||||||
|
LODGING NO: ITXAL/1750/2012 |
FAILING DATE: 02/11/2012 |
REG. NO.: ITXA/161/2013 |
REG. DATE: 17/01/2013 |
|||
|
PETITIONER: |
COMMISSIONER OF INCOME TAX – 11, - |
RESPONDENT: |
NGC NETWORK INDIA P. LTD. |
|||
|
PETN.ADV: |
VIPUL BAJPAYEE (0) |
RESP. ADV.: |
ATUL JASANI (0) |
|||
|
DISTRICT: |
MUMBAI |
|||||
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||||||
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BENCH:- |
DIVISION |
|
|
|||
|
STATUS:- |
PRE-ADMISSION |
CATEGORY:- |
TAX APPEALS |
|||
|
LAST DATE:- |
08/07/201 |
STAGE:- |
FOR ADMISSION- FRESH |
|||
|
LAST CORAM:- |
ACCODING TO SITTING LIST ACCODING TO SITTING LIST |
|||||
|
|
|
|||||
|
ACT:- |
INCOME TAX ACT, 1961 |
|||||
|
UNDER SECTION:- |
260A |
|||||
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CORPORATE INFORMATION
The Company was incorporated on June 26th, 2000. The Company is primarily engaged in the distribution and advertising sales business of the National Geographic Channel and The Fox Traveller Channel (HD and SD feeds). The Company acts as an agent of NGC Network Asia LLC and Fox International Channels (US) Inc. in turn appointed Star India Private Limited for adsales and distribution of these channels. The Company is also.engaged in program content/post production services to media companies.
FINANCIAL RESULTS AND
OPERATIONS
The Company has obtained permission from the Ministry of Information and Broadcasting (MIB) to downlink the Fox Traveller HD channel in July 2012. The Company has obtained approval from the Foreign Investment Promotion Board, Department of Economic Affairs under the Ministry of Finance on June 6, 2012 to undertake the activity of up-linking and down-linking of non-news and current affairs channels. Further, the Company has filed applications with the Ministry of Information and Broadcasting, Government of India seeking licenses to uplink various television channels from India.
The operations during the year resulted in a Net Profit after Tax of Rs. 43.321 Millions which was carried to Balance Sheet.
FIXED ASSETS
Tangible Assets
· Computer
Studio
Equipment
Office
Equipment
Vehicles
Furniture
and Fixtures
Integrated
Decoders
Intangible Assets
software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other official
proceeding for making any prohibited payments or other improper payments to
government officials for engaging in prohibited transactions or with designated
parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.50 |
|
|
1 |
Rs.101.69 |
|
Euro |
1 |
Rs.83.62 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
58 |
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.