MIRA
INFORM REPORT
|
Report Date : |
13.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHOT FORMATS DIGITAL PRODUCTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.409, 4th
Floor, A-Wing, Express Zone, Western Express Highway, Malad [East], Mumbai -
400097, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-169933 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.143 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92100MH2007PTC169933 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS55809F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS7727H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Telecom Value Added Services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has earned decent profitability from its operation during
the financial year 2013. Liquidity position of the company reported to be
sound and healthy. Trade relations are fair. Business is active. Payment terms 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.
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a one-fourth
share in total jobs created, according to a study by industry lobby group
Assochem, Banks, real estate, automobile and telecommunications sectors are
showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Irfan Patel |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-66147000 |
|
Date : |
12.02.2014 |
LOCATIONS
|
Registered Office : |
Unit No.409, 4th
Floor, A-Wing, Express Zone, Western Express Highway, Malad [East], Mumbai -
400097, Maharashtra, India |
|
Tel. No.: |
91-22-66147000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 26.09.2013
|
Name : |
Niyati Virendra Shah |
|
Designation : |
Director |
|
Address : |
1703, Crimson Towers, Lokhandwala Complex, Kandivali (East), Mumbai –
400101, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1977 |
|
Qualification : |
MBA |
|
Experience : |
6 Years |
|
Date of Appointment : |
12.04.2007 |
|
DIN No.: |
01345209 |
|
|
|
|
Name : |
Ms. Rachna Puri |
|
Designation : |
Director |
|
Address : |
GC S1 West Waters, Thevraa, Kochi, Ernakulam – 682013, Kerala, India |
|
Date of Birth/Age : |
23.08.1976 |
|
Qualification : |
B.Com |
|
Experience : |
12 Years |
|
Date of Appointment : |
12.04.2007 |
|
DIN No.: |
01892371 |
KEY EXECUTIVES
|
Name : |
Mr. Irfan Patel |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2013
|
Name
of Equity Shareholders |
No.
of Shares |
%age |
|
Niyati Virendra Shah |
5000 |
49.50 |
|
Rachna Puri |
2857 |
28.29 |
|
Samrat Sengupta |
2143 |
21.22 |
|
Matrix Partners LLP |
100 |
0.99 |
|
|
|
|
|
Total |
10,100 |
100.00 |
|
Name
of Preference Shareholder |
No. of
Shares |
%age |
|
|
4186 |
100.00 |
|
|
|
|
|
Total |
4,186 |
100.00 |
AS ON 26.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
0.99 |
|
Directors
or relatives of directors |
99.01 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Telecom Value Added Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
HDFC Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shivkumar Chaturbhuj Abhichandani And Company Chartered Accountants |
|
Address : |
105 Trishul-II, Seven Bunglows, Andheri West, Mumbai – 400061,
Maharashtra, India |
|
Tel. No.: |
91-22-26340288/ 26391536 |
|
Mobile No.: |
91-9867263427 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPA8030C |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
45,814 |
Equity Shares |
Rs. 10/- each |
Rs. 0.458 Million |
|
4,186 |
Preference Shares |
Rs. 10/- each |
Rs. 0.042 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 0.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,100 |
Equity Shares |
Rs. 10/- each |
Rs. 0.101
Million |
|
4,186 |
Preference Shares |
Rs. 10/- each |
Rs. 0.042 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 0.143
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 |
0.143 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
269.334 |
64.696 |
28.985 |
|
(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) |
269.477 |
64.796 |
29.085 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.152 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
2.379 |
0.853 |
0.237 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
34.486 |
11.901 |
0.000 |
|
Total Non-current
Liabilities (3) |
38.017 |
12.754 |
0.237 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
32.212 |
0.000 |
0.010 |
|
(b)
Trade payables |
180.092 |
148.567 |
60.953 |
|
(c)
Other current liabilities |
69.573 |
38.677 |
22.738 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
281.877 |
187.244 |
83.701 |
|
|
|
|
|
|
TOTAL |
589.371 |
264.794 |
113.023 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
35.986 |
9.227 |
2.127 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
5.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
46.269 |
21.280 |
6.275 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
82.255 |
30.507 |
13.402 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
55.977 |
43.000 |
0.000 |
|
(c)
Trade receivables |
280.341 |
138.535 |
87.901 |
|
(d) Cash
and cash equivalents |
16.451 |
9.185 |
4.455 |
|
(e)
Short-term loans and advances |
30.169 |
15.040 |
3.504 |
|
(f)
Other current assets |
124.178 |
28.527 |
3.761 |
|
Total
Current Assets |
507.116 |
234.287 |
99.621 |
|
|
|
|
|
|
TOTAL |
589.371 |
264.794 |
113.023 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Telecom Value Added Services |
812.857 |
473.329 |
198.834 |
|
|
|
Other Income |
9.197 |
0.102 |
0.032 |
|
|
|
TOTAL |
822.054 |
473.431 |
198.866 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
0.000 |
0.000 |
0.263 |
|
|
|
Cost of sales, production and Services |
507.573 |
335.497 |
130.380 |
|
|
|
Employees benefit Expenses |
74.099 |
25.923 |
9.201 |
|
|
|
Other Expenses |
146.077 |
52.019 |
15.966 |
|
|
|
TOTAL |
727.749 |
413.439 |
155.810 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
94.305 |
59.992 |
43.056 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
6.324 |
0.000 |
0.088 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
87.981 |
59.992 |
42.968 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.025 |
1.248 |
0.509 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
EXPENSES |
0.000 |
0.748 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
80.956 |
57.996 |
42.459 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
26.275 |
22.285 |
14.211 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
54.681 |
35.711 |
28.248 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5414 |
3571 |
2825 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.65
|
7.54 |
14.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.96
|
12.25 |
21.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.74
|
21.90 |
39.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.90 |
1.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.12
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.80
|
1.25 |
1.19 |
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 |
0.100 |
0.100 |
0.143 |
|
Reserves & Surplus |
28.985 |
64.696 |
269.334 |
|
Net
worth |
29.085 |
64.796 |
269.477 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
1.152 |
|
Short term borrowings |
0.010 |
0.000 |
32.212 |
|
Total
borrowings |
0.010 |
0.000 |
33.364 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.124 |
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 |
198.834 |
473.329 |
812.857 |
|
|
|
138.052 |
71.732 |
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 |
198.834 |
473.329 |
812.857 |
|
Profit |
28.248 |
35.711 |
54.681 |
|
|
14.21% |
7.54% |
6.73% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of Long term debt |
0.000 |
0.000 |
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 |
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 |
No |
|
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 |
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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Term Loans From HDFC Bank |
1.152 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and Advances from related parties Fortune Finders Multimedia LLP |
32.212 |
0.000 |
|
|
|
|
|
Total |
33.364 |
0.000 |
CHANGE OF ADDRESS:
The Registered office of the company has been shifted from 301, Swamini
Building, Near Valentine Tower, Water Tank Road, Off Film City Road, Goregaon
(East), Mumbai – 400063, Maharashtra, India to the present address
w.e.f.05.02.2013.
FINANCIAL
HIGHLIGHTS
The company improved upon last years performance during the year.
Revenue from Telecom Value Added Services has increased by 71.73% to Rs.812.857
Millions as against Rs.473.329 Millions in the previous year. During the
financial year, the Profit before interest and depreciation increased by 59.18%
to Rs.80.956 Millions against Rs.59.244 Millions in the previous year. The
company earned net profit of Rs.80.956 Millions during the year as against
Rs.57.991 Millions in the previous year registering thereby as growth of 39.60%
in net profit after tax. This has been achieved through continued focus on
growth.
OUTLOOK IN THE CURRENT YEAR
The outlook for the current year is promising. The down loading of content
has been gaining significantly. More specifically the IVR segment of business.
The company has been aggressively marketing IVR segment and has made
significant development by acquiring copy rights of major content providers for
down loading their products. Beside this it has major mobile operation of its
customers. The Directors are hopeful of achieving a vertical growth in the down
loading business in the ensuing years.
FIXED ASSETS:
· Computers/ Laptop/ Software
Hard
Disk
Furniture
and Fixtures
Electrical
Fittings
Air
Conditioners
Camera
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. 62.13 |
|
|
1 |
Rs. 102.25 |
|
Euro |
1 |
Rs. 84.72 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--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.