MIRA INFORM REPORT
|
Report Date : |
12.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRIME FOCUS TECHNOLOGIES PRIVATE LIMITED |
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|
|
Registered
Office : |
True North, Plot
No. 63, Road No. 13, Opposite Hotel Tunga Paradise, MIDC, Andheri (East),
Mumbai - 400093, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.03.2008 |
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Com. Reg. No.: |
11-179850 |
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Capital
Investment / Paid-up Capital : |
Rs. 170.100
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U72200MH2008PTC179850 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP25751F |
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PAN No.: [Permanent Account No.] |
AAECP5895R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in providing Digital Technological Solutions to the
Sports, Film, Broadcasting, Advertising and Media Industries. |
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No. of Employees
: |
950 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Rating reflects sound financial risk profile marked by improvement in performance
of the company and decent liquidity position. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Murli |
|
Designation : |
General Manager (Account) |
|
Contact No.: |
91-22-61785555 |
|
Date : |
11.12.2014 |
LOCATIONS
|
Registered Office / Corporate Office : |
True North, Plot
No. 63, Road No. 13, Opposite Hotel Tunga Paradise, MIDC, Andheri (East),
Mumbai - 400093, Maharashtra, India |
|
Tel. No.: |
91-22-42095000 / 61785555 |
|
Mobile No.: |
91-9004359099 (Mr. Murlidharan) |
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Fax No.: |
91-22-42095001 |
|
E-Mail : |
parina.sanghavi@primefocusworld.com
jayee.srinivasan@primefocusworld.com deepika.trivedi@primefocusworld.com michael.gonsalves@primefocusworld.com |
|
Website : |
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|
Area : |
1 Lac Sq. ft |
|
Location : |
Rented |
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Branch Offices 1 : |
Located at: · Shubam Complex, # 45/B , 3rd Floor, Front Wing, Sarakki Industrial Layout, J P Nagar, 3rd Phase, Bangalore – 560078, Karnataka, India Tel No.: 91-80-31922232 · Bannerghatta Office, 2nd Floor, Janardhan Towers, No 562/640 Bannerghatta Road, Before Kalyani Motors and State Bank of Mysore, Bilekahalli, Bangalore – 560076, Karnataka, India Tel No.: 91-80-31922231 |
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Branch Offices 2 : |
Located at:
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International Offices : |
Located at:
+44 (0)20 7437 2626
+1 212 292 3333
+1 323 461 7887
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DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ramakrishnan Sankaranarayanan |
|
Designation : |
Director |
|
Address : |
219, Phase – I,
Palm Meadows, Airport, Varthur Road, Rg. Halli, Bangalore - 560066,
Karnataka, India |
|
Date of Birth/Age : |
14.10.1970 |
|
Date of Appointment : |
01.04.2008 |
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PAN No.: |
AALPR6472J |
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DIN No.: |
02696897 |
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|
|
Name : |
Mr. Ganesh Sankaran |
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Designation : |
Whole-time director |
|
Address : |
39/66, I E Cross,
Remco Laoput, Vijaynagar, Bangalore - 560040, Karnataka, India |
|
Date of Birth/Age : |
28.12.1970 |
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Date of Appointment : |
01.04.2008 |
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PAN No.: |
ABYPS2129M |
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DIN No.: |
02696913 |
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|
|
|
Name : |
Mr. Rivkaran Singh Chadha |
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Designation : |
Director |
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Address : |
5, Kaushal
Building, 12th Road, Opposite Indian Bank, Juhu Scheme, Mumbai –
400006, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1976 |
|
Date of Appointment : |
02.02.2013 |
|
DIN No.: |
00308288 |
KEY EXECUTIVES
|
Name : |
Mr. Prateek Mahesh Savla |
|
Designation : |
Secretary |
|
Address : |
E/212, Shram Saphalya, Sheetal Nagar, Mira Road (East),
Thane – 401107, Maharashtra, India |
|
Date of Birth/Age : |
23.06.1988 |
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Date of Appointment : |
02.02.2013 |
|
Date of Cessation : |
09.05.2014 |
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PAN No.: |
BLSPS4401H |
|
Name : |
Mr. Murli |
|
Designation : |
General Manager (Account) |
|
Name : |
Ms. Deepika Trivedi |
|
Designation : |
Secretary |
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Address : |
11, Ramsukh Chsl, Carter Rd. No. 7, Borivali (East), Mumbai – 400066, Maharashtra, India |
|
Date of Birth/Age : |
14.07.1987 |
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Date of Appointment : |
04.07.2014 |
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PAN No.: |
AJTPT0962G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Ramakrishnan Sankaranarayanan |
|
221602 |
|
Anshul Doshi |
|
55275 |
|
Nishant Fadia |
|
59798 |
|
Rohan Desai |
|
50250 |
|
Ganesh Sankaran |
|
70350 |
|
Atul Saxena |
|
15075 |
|
Sanjeev Nayak |
|
10050 |
|
Chandar Muthukrishnan |
|
10050 |
|
Prime Focus Limited, India |
|
1517550 |
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Total |
|
2010000 |
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Names of Preference Shareholder |
|
No. of Shares |
|
Prime Focus Limited, India |
|
15000000 |
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|
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Total |
|
15000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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|
Bodies
corporate |
75.50 |
|
Directors
or relatives of directors |
14.52 |
|
Others |
9.98 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Digital Technological Solutions to the Sports, Film,
Broadcasting, Advertising and Media Industries. |
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Products/ Services : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Equipments |
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Countries : |
· Singapore · New York · UK |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C and DP |
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
950 (Approximately) |
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Bankers : |
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Facilities : |
NOTE : LONG-TERM
BORROWINGS Term Loans from a bank are secured by first and exclusive charge on all existing and future current assets and existing and movable fixed assets except for fixed assets financed through equipment loan / lease, extension of mortgage property owned by the related party of holding company at Khar Mumbai, pledge of holding company shares held by the promoters, corporate guarantee issued by the holding company and personal guarantees of promoters. Loan is repayable in 42 equal installments beginning after a moratorium of 6 months from the date of disbursement with interest rate of 14.15% to 14.50% p.a. Finance lease obligations are secured by hypothecation of plant and equipment, office equipment, vehicles and software taken on lease. Rate of interest ranges from 10% to 15% p.a. with maturity profile of 2-3 years. SHORT TERM
BORROWINGS Working capital and invoice discounting facilities from banks are secured by first and exclusive charge on all existing and future current assets and all existing and future movable fixed assets except financed through equipment loan/ lease where these rank pari-passu with term loans. The loans are further secured by corporate guarantee issued by parent company and personal guarantee of promoters. Rate of interest ranges from 13% to 15% p.a. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
14A, Satyadeep CHS Sambhaji Path, Vishnu Nagar, Naupada Thane - 400602, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AADFD2337G |
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Subsidiary Company
: |
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Step-Down
Subsidiary : |
DAX PFT, LLC (with effect from 3rd March 2014) |
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Holding company : |
Prime Focus Limited [L92100MH1997PLC108981] |
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Fellow Subsidiaries
: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
15,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 150.000 Millions |
|
|
Total |
|
Rs. 200.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,010,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.100
Millions |
|
15,000,000 |
Preference Shares |
Rs. 10/- each |
Rs. 150.000
Millions |
|
|
Total |
|
Rs. 170.100 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
170.100 |
170.100 |
170.100 |
|
(b) Reserves & Surplus |
338.651 |
143.330 |
47.379 |
|
(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) |
508.751 |
313.430 |
217.479 |
|
|
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(3) Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
611.096 |
243.503 |
66.361 |
|
(b) Deferred tax liabilities (Net) |
104.421 |
52.305 |
21.598 |
|
(c)
Other long term liabilities |
279.495 |
95.476 |
0.000 |
|
(d)
long-term provisions |
6.426 |
3.951 |
1.508 |
|
Total
Non-current Liabilities (3) |
1001.438 |
395.235 |
89.467 |
|
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|
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(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
68.321 |
55.789 |
49.981 |
|
(b)
Trade payables |
98.312 |
129.556 |
71.828 |
|
(c)
Other current liabilities |
394.551 |
228.215 |
37.909 |
|
(d)
Short-term provisions |
0.048 |
0.019 |
0.000 |
|
Total
Current Liabilities (4) |
561.232 |
413.579 |
159.718 |
|
|
|
|
|
|
TOTAL |
2071.421 |
1122.244 |
466.664 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
805.647 |
230.853 |
117.148 |
|
(ii)
Intangible Assets |
205.206 |
163.966 |
93.153 |
|
(iii)
Capital work-in-progress |
13.635 |
205.004 |
4.040 |
|
(iv) Intangible assets under development |
90.180 |
63.411 |
39.121 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
187.150 |
142.325 |
53.640 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
29.996 |
|
Total
Non-Current Assets |
1301.818 |
805.559 |
337.098 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1.727 |
0.000 |
0.000 |
|
(c)
Trade receivables |
352.125 |
224.613 |
93.775 |
|
(d)
Cash and cash equivalents |
92.200 |
40.967 |
16.997 |
|
(e)
Short-term loans and advances |
177.056 |
31.737 |
16.686 |
|
(f)
Other current assets |
146.495 |
19.368 |
2.108 |
|
Total
Current Assets |
769.603 |
316.685 |
129.566 |
|
|
|
|
|
|
TOTAL |
2077.522 |
1122.244 |
466.664 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
1359.204 |
665.742 |
313.237 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1067.558 |
509.664 |
252.007 |
|
|
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|
|
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|
PROFIT BEFORE
TAX |
291.646 |
156.078 |
61.230 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
96.325 |
60.127 |
20.067 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
195.321 |
95.951 |
41.163 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
143.330 |
47.379 |
26.216 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS
ISSUE OF BONUS SHARES |
(49.800) |
0.000 |
20.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
288.851 |
143.330 |
47.379 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Technical Service receipts |
203.077 |
98.033 |
6.245 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
11.48 |
47.74 |
20.48 |
|
|
|
Diluted
|
11.48 |
5.64 |
20.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
14.37 |
14.41 |
13.14 |
|
|
|
|
|
|
|
Operating Profit Margin |
|
21.46 |
23.44 |
19.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.82 |
18.28 |
14.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57 |
0.50 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.34 |
0.95 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
0.77 |
0.81 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
170.100 |
170.100 |
170.100 |
|
Reserves & Surplus |
47.379 |
143.330 |
338.651 |
|
Net worth |
217.479 |
313.430 |
508.751 |
|
|
|
|
|
|
long-term borrowings |
66.361 |
243.503 |
611.096 |
|
Short term borrowings |
49.981 |
55.789 |
68.321 |
|
Total borrowings |
116.342 |
299.292 |
679.417 |
|
Debt/Equity ratio |
0.535 |
0.955 |
1.335 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
313.237 |
665.742 |
1359.204 |
|
|
|
112.536 |
104.164 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
313.237 |
665.742 |
1359.204 |
|
Profit |
41.163 |
95.951 |
195.321 |
|
|
13.14% |
14.41% |
14.37% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
121.247 |
73.923 |
0.000 |
|
|
|
|
|
|
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10522949 |
25/09/2014 |
244,000,000.00 |
EXPORT-IMPORT BANK OF INDIA |
Centre One, Floor 21, World Trade Centre Complex, |
C23943806 |
|
2 |
10479165 |
24/02/2014 |
500,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound, |
B96985668 |
|
3 |
10378453 |
08/08/2014 * |
850,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandr |
C16536906 |
* Date of charge modification
CORPORATE
INFORMATION
Subject is engaged in the business of providing digital technological
solutions to the sports, film, broadcasting, advertising and media industries.
OPERATION AND PERFORMANCE REVIEW
During the year, the Company’s overall financial performance significantly improved on all fronts as compared to the previous year. Total Income during the year was Rs. 1359.204 Millions as compared to Rs. 665.742 Millions in the previous year, registering a growth of 104.16%. The Net Profit after Tax was Rs. 195.321 Millions as compared to Rs. 95.951 Millions in the previous year registering a growth of 103.56%.
FIXED ASSETS:
·
Plant and equipment
·
Factory equipments
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Other equipments
·
Computer 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. 62.21 |
|
|
1 |
Rs. 97.80 |
|
Euro |
1 |
Rs. 77.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis done by
: |
SUM |
|
|
|
|
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 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.