MIRA
INFORM REPORT
|
Report Date : |
23.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
INTERMEDIA CABLE COMMUNICATION PRIVATE LIMITED |
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Registered
Office : |
1018, New Nana Peth, Pudamjee Path, Pune – 411002,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
21.03.1997 |
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Com. Reg. No.: |
11-106782 |
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Capital
Investment / Paid-up Capital : |
Rs.2.000 Millions |
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CIN No.: [Company Identification
No.] |
U64204PN1997PTC106782 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI05032G |
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PAN No.: [Permanent Account No.] |
AAACI8326E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is mainly engaged in the business of Cable TV Services,
broadcasting of advertisement, Internet Services, Direct Way Global
Education, Netspeed and Broadband Services etc. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1500000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
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Comments : |
Subject is an established company having a fine track record. Financial position of the company seems to be good. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered for normal 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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.2453.2 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 DENIED
Management Non-Cooperative (Tel No.: 91-20-66094200)
LOCATIONS
|
Registered Office / Corporate Office / Head Office : |
1018, New Nana Peth, Pudamjee Path, Pune – 411002,
Maharashtra, India |
|
Tel. No.: |
91-20-26353224 / 26353225 / 23654276 / 26334405 / 66094200 |
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Fax No.: |
91-20-26343523 |
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E-Mail : |
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Website : |
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Nashik Branch
Office |
301, Dattatray Darshan,
College Road, Opposite, Big Bazar, Nashik –
422005, Maharashtra, India |
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Tel. No.: |
91 -0253-2316716 / 2316717 |
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ICC Centres Across
Pune: |
Located At: ·
Bhavani Peth ·
Mangaldas Road ·
Kondhwa ·
Koregaon Park ·
Katraj ·
Yerwada ·
Kondhwa Budruk ·
Tingre Nagar ·
Maharshi Nagar ·
Chandan Nagar · Ghorpade Peth · Wadgaon Sheri ·
Raviwar Peth ·
Kalyani Nagar ·
Kasbapeth ·
Fatima Nagar ·
Market Yard ·
Mohmmadwadi ·
Lulla Nagar ·
Guruwar Peth · Ashoka Mall |
DIRECTORS
As on 25.09.2013
|
Name : |
Mr. Ejazali Mumtazali Inamdar |
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Designation : |
Director |
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Address : |
2040, Jan Mohamad Street, Ghaswala Bunglow, Pune – 411001,
Maharashtra, India. |
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Date of Birth/Age : |
22.07.1950 |
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Date of Appointment : |
21.03.1997 |
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DIN No.: |
00389367 |
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Name : |
Mr. Razzak A. Khan |
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Designation : |
Director |
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Address : |
996/997 Nana Pethroda Vila, Pudamjee Park, Pune – 411002, Maharashtra,
India. |
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Date of Birth/Age : |
01.05.1956 |
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Date of Appointment : |
21.03.1997 |
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DIN No.: |
00389452 |
MAJOR SHAREHOLDERS
As on 25.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Razzak A. Khan |
197800 |
98.90 |
|
Mehzabeen Razzak Khan |
2100 |
1.05 |
|
Ejazali Mumtazali Inamdar |
100 |
0.05 |
|
Total |
200000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is mainly engaged in the business of Cable TV Services,
broadcasting of advertisement, Internet Services, Direct Way Global
Education, Netspeed and Broadband Services etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
The Muslim Co-Oprative Bank Limited, 647, Bhawani Peth,
Pune, Pune Camp - 411042, Maharashtra, India |
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Facilities : |
Note:
i.
Cash Credit facility with Muslim Bank is against
hypothecation of Stock and Book Debts and also against collateral security of
properties of the Company. ii.
Term loans From the Bank amounting to Rs.35.000 Millions and having
balance as at 31.03.2013 amounting to Rs.34.183
Millions is secured by a charge on certain fixed assets of the Company. iii.
Vehicle loan from the Bank having balance as at
31.03.2013 amounting to Rs.3.989 Millions is secured by a charge on vehicle
of the Company. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S P C M and Associates Chartered Accountants |
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Address : |
1211-B, Shukrawar Peth, Lane No. 4, Shubhash Nagar, Pune – 411002,
Maharashtra, India. |
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Tel. No.: |
91-20-24479119 |
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Fax No.: |
91-20-24486663 |
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E-Mail : |
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PAN No.: |
AABFB8864C |
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Firm in which the Company has investments :
|
ICC Global
(Partnership Firm) |
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Enterprise in which Key Managerial
Personnel, as above, are interested : |
Telemedia |
CAPITAL STRUCTURE
As on 25.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 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 |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
2.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
378.562 |
295.221 |
229.908 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
380.562 |
297.221 |
231.908 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
82.309 |
39.338 |
51.160 |
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(b) Deferred tax liabilities (Net) |
2.271 |
1.831 |
1.109 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
84.580 |
41.169 |
52.269 |
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(4) Current Liabilities |
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(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade payables |
55.301 |
52.077 |
52.011 |
|
(c) Other current
liabilities |
48.517 |
29.644 |
35.019 |
|
(d) Short-term provisions |
56.535 |
55.779 |
39.920 |
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Total Current Liabilities (4) |
160.353 |
137.500 |
126.950 |
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TOTAL |
625.495 |
475.890 |
411.127 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
411.421 |
269.733 |
240.177 |
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(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.369 |
1.744 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current Assets |
413.790 |
271.477 |
240.177 |
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(2) Current assets |
|
|
|
|
(a) Current investments |
5.614 |
35.612 |
27.387 |
|
(b) Inventories |
8.118 |
5.105 |
5.290 |
|
(c) Trade receivables |
94.835 |
60.141 |
63.805 |
|
(d) Cash and cash
equivalents |
14.382 |
3.436 |
3.171 |
|
(e) Short-term loans and
advances |
53.294 |
69.430 |
45.606 |
|
(f) Other current assets |
35.462 |
30.689 |
25.691 |
|
Total Current Assets |
211.705 |
204.413 |
170.950 |
|
|
|
|
|
|
TOTAL |
625.495 |
475.890 |
411.127 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
607.577 |
558.641 |
493.409 |
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Other Income |
13.901 |
2.537 |
2.445 |
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TOTAL |
621.478 |
561.178 |
495.854 |
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Less |
EXPENSES |
466.673 |
426.145 |
397.809 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
154.805 |
135.033 |
98.045 |
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DEPRECIATION/
AMORTISATION |
NA |
NA |
NA |
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PROFIT/(LOSS)
BEFORE TAX |
NA |
NA |
NA |
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TAX |
NA |
NA |
NA |
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PROFIT/(LOSS)
AFTER TAX |
76.633 |
65.964 |
43.177 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
270.221 |
207.408 |
169.083 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
2.500 |
2.500 |
2.500 |
|
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Income tax |
(6.707) |
0.651 |
2.352 |
|
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BALANCE CARRIED
TO THE B/S |
351.061 |
270.221 |
207.408 |
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Earnings Per
Share (Rs.) |
383.17 |
330.00 |
NA
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KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
12.33 |
11.75 |
8.71 |
|
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Debt Equity Ratio (Total Debt /Networth) |
|
0.22 |
0.13 |
0.22 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.49 |
1.35 |
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 |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
229.908 |
295.221 |
378.562 |
|
Net
worth |
231.908 |
297.221 |
380.562 |
|
|
|
|
|
|
long-term borrowings |
51.160 |
39.338 |
82.309 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
51.160 |
39.338 |
82.309 |
|
Debt/Equity
ratio |
0.221 |
0.132 |
0.216 |
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 |
493.409 |
558.641 |
607.577 |
|
|
|
13.221 |
8.760 |
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
|
493.409 |
558.641 |
607.577 |
|
Profit |
43.177 |
65.964 |
76.633 |
|
|
8.75% |
11.81% |
12.61% |
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 |
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 |
No |
LITIGATION DETAILS
|
Bench:- Bombay |
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|
Lodging No. : |
ITXAL/899/2012 |
Filing Date:- |
16/06/2012 |
Reg. No.:- |
ITXA/847/2012 |
Reg. Date:- |
23/08/2012 |
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Petitioner:- |
THE COMMISSIONER OF INCOME TAX -1, PUNE |
Respondent:- |
INTERMEDIA CABLE COMMUNICATION PRIVATE LIMITED |
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Petn.Adv:- |
VIMAL GUPTA (0) VIPUL ARUN BAJPAYEE (I4135) ADV. FOR THE PETITIONER (0) |
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District:- |
PUNE |
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Bench:- |
DIVISION |
Category:- |
TAX APPEALS |
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Status:- |
Pre-Admission |
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Next Date:- |
07/07/2017 |
Stage:- |
FOR ADMISSION |
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Last Date:- |
06/01/2014 |
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Coram:- |
HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI HON'BLE SHRI JUSTICE GIRISH S. KULKARNI |
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Last Date:- |
10/03/2014 |
Stage:- |
FOR ADMISSION |
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|
Last Coram:- |
HON'BLE SHRI JUSTICE S.C. DHARMADHIKARI HON'BLE SHRI JUSTICE GIRISH S. KULKARNI |
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|
Act. : |
Income Tax Act,1961 |
Under Section 260A |
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UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans from
directors |
|
|
|
Razzak A. Khan |
0.924 |
1.499 |
|
Total |
0.924 |
1.499 |
FINANCIAL RESULTS
AND PERFORMANCE OF THE COMPANY
The Company is
mainly engaged in the business of Cable TV Services, broadcasting of
advertisement, Internet Services, Direct Way Global Education, Netspeed and
Broadband Services etc. The Company has achieved a turnover of Rs.607.577
Millions against Rs.558.641 Millions in the previous year, recording an
increase of 8.76% over the previous year. The Company's profit after tax for
the year is Rs.76.634 Millions as compared to last year Rs.65.964 Millions
showing an increase of Rs.10.670 Millions i.e. by 16.18% over the last year.
The Company is further optimistic about its bright performance in the coming
future. The company looks forward for a bright future in the coming years.
The Company has
its various service branches enabling it to provide rapid and better services
to its valued customers. The Company has separate divisions for rendering
digital cable TV Services, Broadband Services and internet Services which are
managed by professionals and other qualified, technical and managerial staff.
The Company will
try to continue on its strategy to offer best services in the field of cable
services, Broadband services, education and internet services
lnspite of sufficient
profit in the current year, in view of future plans of expansion and
diversification, your directors have decided not to recommend any dividend for
the year and wish to plough back the profit for future expansion of the
business.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10406788 |
01/01/2013 |
35,000,000.00 |
The Muslim Co-Oprative Bank Limited |
647, Bhawani Peth, Pune, Pune Camp, Maharashtra - 411042, India |
B69096972 |
|
2 |
10055739 |
09/05/2007 * |
10,000,000.00 |
Muslim Co-Op Bank Limited |
633, Raviwar Peth, Saifee Mahal, Pune, Maharashtra - 411002, India |
A17612995 |
|
3 |
10056752 |
09/05/2007 * |
20,000,000.00 |
Muslim Co-Op Bank Limited |
633, Raviwar Peth, Saifee Mahal, Pune, Maharashtra - 411002, India |
A17616517 |
|
4 |
80034430 |
31/01/2006 |
10,000,000.00 |
UTI BANK LIMITED |
Pune Camp Branch, Parmar House, 2413, East Street, Pune, Maharashtra - 411001, India |
- |
|
5 |
90086303 |
10/02/2003 |
10,000,000.00 |
Indusind Bank Limited |
2401; Gen Thimnaya Road, East Street, Pune, Maharashtra - 411001, India |
- |
|
6 |
90082752 |
04/09/2001 |
7,500,000.00 |
Indusind Bank Limited |
2401; Gen Thimnaya Road, East Street, Pune, Maharashtra - 411001, India |
- |
|
7 |
90082727 |
11/02/2003 * |
7,500,000.00 |
Indusind Bank Limited |
2401; Gen Thimnaya Road, East Street, Pune, Maharashtra - 411001, India |
- |
|
8 |
90085694 |
15/03/2001 |
1,000,000.00 |
Indusind Bank Limited |
2401; Gen Thimnaya Road, East Street, Pune, Maharashtra - 411001, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.58.57 |
|
|
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.80.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--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 |
|
54 |
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.