MIRA INFORM REPORT
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Report No. : |
353240 |
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Report Date : |
07.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
STAR INDIA PRIVATE LIMITED |
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Formerly Known
As : |
STAR INDIA LIMITED (w.e.f. 07.02.2001) NEWS TELEVISION (INDIA) LIMITED NEWS TELEVISION (INDIA) PRIVATE LIMITED |
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Registered
Office : |
Star House, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.02.1994 |
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Com. Reg. No.: |
11-076485 |
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Capital
Investment / Paid-up Capital : |
Rs. 2372.710 Million |
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CIN No.: [Company Identification
No.] |
U72300MH1994PTC076485 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACN1335Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of television broadcasting. (Registered Activity) |
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having a satisfactory track record.
It is a subsidiary company of Buzzer Investments Limited, Mauritius. There seems drastic dip in the profit company during 2014. However, it
has overall financial risk profile marked by decent strong networth and
comfortable debt level in the same consecutive year. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. In view of strong holding company, the subject can be considered for
normal business dealing 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.
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Ms. Ujwala Padmakar Wakhle |
|
Designation : |
Secretary |
|
Contact No.: |
91-22-66305555 |
|
Date : |
03.12.2015 |
LOCATIONS
|
Registered Office : |
Star House, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66305555 |
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Fax No.: |
91-22-66305050 |
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E-Mail : |
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Website : |
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Branch Offices : |
Located at · Gurgaon · Bangalore · Kolkata · Ahmedabad · Chennai · Kanpur · Chandigarh · Delhi ·
Jaipur |
DIRECTORS
As on 31.12.2014
|
Name : |
Mr. Rishi Kanwarjeet Gaind |
|
Designation : |
Director |
|
Address : |
31/802, NRI Complex, Seawoods Estate, Sector 54-56-58, Nerul, Navi
Mumbai - 400706, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1975 |
|
Date of Appointment : |
04.11.2009 |
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PAN No.: |
ABMPG9454H |
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DIN No.: |
01874494 |
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|
|
|
Name : |
Ms. Amita Maheshwari |
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Designation : |
Director |
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Address : |
208, 2nd Floor, Sea Flama, B-Block, Dosti Flamingo, Sewri,
Mumbai - 400015, Maharashtra, India |
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Date of Birth/Age : |
31.01.1968 |
|
Date of Appointment : |
26.04.2012 |
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DIN No.: |
02891889 |
KEY EXECUTIVES
|
Name : |
Ms. Ujwala Padmakar Wakhle |
|
Designation : |
Secretary |
|
Address : |
Flat No.504, Dosti Tulip, Dosti Acres, S M Road, Wadala (East), Mumbai-400037,
Maharashtra, India |
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Date of Birth/Age : |
12.05.1971 |
|
Date of Appointment : |
01.11.2001 |
|
PAN No.: |
AAHPW4240R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Buzzer Investments Limited, Mauritius |
|
146456943 |
|
Quazar Investments (Mauritius) Limited, Mauritius |
|
106090 |
|
Star Entertainment Holdings Limited (Formerly known as Xing Kong Chuan
Mei Group Company Limited), British Virgin Island |
|
113103538 |
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Startv.Com Holding Limited, Bermuda |
|
19101019 |
|
Star Television Technical Services Limited, British Virgin Island |
|
8154369 |
|
WORLDWIDE WICKETS, MAURITIUS (Formerly Known as ESPN (Mauritius) Limited |
|
18281508 |
|
Sanjay Deepchandra Jain |
|
1 |
|
Star ISP Limited |
|
20226186 |
|
Total |
|
325429654 |
As on 31.12.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of television broadcasting. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Not Divulged |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
S. R. Batliboi and Associates LLP Chartered Accountant |
|
Address : |
12th Floor, the Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharasthra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFS3421N |
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Ultimate Holding
Company: |
Twenty-First Century Fox, Inc. (Formerly known as News Corporation) |
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Intermediate
Holding Company: |
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Associate Companies
: |
Premier Hockey Development India Private Limited |
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Subsidiaries: |
· Indya Interactive Services Private Limited CIN No.:
U64202MH2000PTC242292 · Precision Components Private Limited CIN No.:
U74210MH1959PTC011459 |
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Joint Venture: |
STAR DEN Media Services Private Limited |
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Fellow
Subsidiaries: |
· Asianet Communications Limited · Asianet Global FZ LLC · Channel V Music Networks Limited Partnership · Dow Jones Consulting India Private Limited · ESPN Star Sports · ESS Distribution (Mauritius) S.N.C. ET Compagine · Fortune Star Media Limited · Fox Channels Middle East FZ LLC · Fox International Channel (Japan) Inc · Fox International Channels (US) Inc · Fox International Channels Australia PTY Limited · Fox Sports Australia Pty Limited · Fox Star Studios (India) Private Limited · Fox International Channels Italy S.r.l. · International Global Networks, BV · Nationwide News PTY Limited · NGC International UK Limited · NGC Network (India) Private Limited · NGC Network Asia LLC · NGC Networks Middle East FZ LLC · Reveille LLC · Satellite Television Asian Region Limited · Star Advertising Sales Limited · Star Entertainment Media Private Limited (upto March 31, 2013) · Star International Movies Limited · Star Middle East FZ LLC · Star Sports India Private Limited (Formerly known as : ESPN Software India Private · Limited) ( Up to 3rd November 2013) · Twentieth Century Fox International · Twentieth Century Fox International Television Inc. · Twentieth Century Fox Telecommunications International Inc. · Twenty First Century Fox America Inc. (Formerly known as : News America Incorporated) · Twenty First Century Fox Star US LLC (Formerly known as : News Corp Star US LLC) · Vijay Television Private Limited · Wall Street Journal India Private Limited |
CAPITAL STRUCTURE
After 31.12.2014
Authorised Capital : Rs. 4210.905 Million
Issued, Subscribed & Paid-up Capital : Rs. 3734.119
Million
As on 31.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
331,090,503 |
Equity Shares |
Rs.10/- each |
Rs. 3310.910 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
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|
325,429,654 |
Equity Shares |
Rs.10/- each |
Rs. 3254.296 Million |
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As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
421,090,503 |
Equity Shares |
Rs.10/- each |
Rs. 4210.910 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
237,270,503 |
Equity Shares |
Rs.10/- each |
Rs. 2372.710 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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|
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(a) Share Capital |
2372.710 |
2372.710 |
2195.010 |
|
(b) Reserves & Surplus |
32707.100 |
26918.560 |
18271.820 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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|
(2) Share Application money
pending allotment |
385.080 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
35464.890 |
29291.270 |
20466.830 |
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(3) Non-Current Liabilities |
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|
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(a) long-term borrowings |
8.240 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
314.920 |
|
(d) long-term provisions |
95.520 |
41.950 |
49.630 |
|
Total
Non-current Liabilities (3) |
103.760 |
41.950 |
364.550 |
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(4) Current Liabilities |
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|
|
|
(a) Short term borrowings |
3662.090 |
0.000 |
0.000 |
|
(b) Trade payables |
12584.710 |
6366.230 |
8176.940 |
|
(c) Other current liabilities |
4416.760 |
1238.100 |
1231.240 |
|
(d) Short-term provisions |
184.880 |
176.140 |
129.980 |
|
Total
Current Liabilities (4) |
20848.440 |
7780.470 |
9538.160 |
|
|
|
|
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TOTAL |
56417.090 |
37113.690 |
30369.540 |
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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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|
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(i) Tangible assets |
1241.660 |
258.370 |
258.170 |
|
(ii) Intangible Assets |
1570.500 |
1530.300 |
1790.960 |
|
(iii) Capital work-in-progress |
322.600 |
878.030 |
80.630 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
672.670 |
672.620 |
672.630 |
|
(c) Deferred tax assets (net) |
524.780 |
210.660 |
73.590 |
|
(d) Long-term Loan and Advances |
9163.200 |
4905.830 |
5140.410 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
13495.410 |
8455.810 |
8016.390 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1145.000 |
0.000 |
0.000 |
|
(b) Inventories |
11859.390 |
10818.690 |
8451.330 |
|
(c) Trade receivables |
15000.820 |
11383.230 |
7676.330 |
|
(d) Cash and cash equivalents |
4582.590 |
3603.730 |
3476.910 |
|
(e) Short-term loans and
advances |
8635.320 |
2208.870 |
2392.380 |
|
(f) Other current assets |
1698.560 |
643.360 |
356.200 |
|
Total
Current Assets |
42921.680 |
28657.880 |
22353.150 |
|
|
|
|
|
|
TOTAL |
56417.090 |
37113.690 |
30369.540 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
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|
|
|
Income |
50224.160 |
38753.930 |
27020.410 |
|
|
|
Other Income |
1816.170 |
1728.170 |
973.320 |
|
|
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TOTAL |
52040.330 |
40482.100 |
27993.730 |
|
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EXPENSES |
|
|
|
|
|
|
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Expenditure |
5516.750 |
3051.030 |
2395.850 |
|
|
|
Operating Expenses |
45777.240 |
32721.780 |
19520.430 |
|
|
|
TOTAL |
51293.990 |
35772.810 |
21916.280 |
|
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PRIOR PERIOD OTHER INCOME INTEREST |
0.000 |
274.140 |
0.000 |
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|
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|
PROFIT/
(LOSS) BEFORE TAX |
746.340 |
4983.430 |
6077.450 |
|
|
|
|
|
|
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|
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|
TAX |
108.680 |
1489.990 |
2092.570 |
|
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|
|
PROFIT/
(LOSS) AFTER TAX |
637.660 |
3493.440 |
3984.880 |
|
|
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|
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|
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|
EARNINGS IN
FOREIGN CURRENCY |
5327.730 |
5016.770 |
2548.270 |
|
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|
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|
|
Earnings /
(Loss) Per Share (Rs.) |
2.69 |
14.72 |
18.15 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(1718.470) |
(4374.080) |
2790.330 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.27 |
9.01 |
14.75 |
|
|
|
|
|
|
|
Operating Profit Margin (PBITD/Sales) |
(%) |
1.49 |
12.15 |
22.49 |
|
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|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.36 |
14.10 |
20.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.17 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.10 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.06 |
3.68 |
2.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2195.010 |
2372.710 |
2372.710 |
|
Reserves & Surplus |
18271.820 |
26918.560 |
32707.100 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
385.080 |
|
Net
worth |
20466.830 |
29291.270 |
35464.890 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
8.240 |
|
Short term borrowings |
0.000 |
0.000 |
3662.090 |
|
Total
borrowings |
0.000 |
0.000 |
3670.330 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.103 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
27020.410 |
38753.930 |
50224.160 |
|
|
|
43.425 |
29.598 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
27020.410 |
38753.930 |
50224.160 |
|
Profit |
3984.880 |
3493.440 |
637.660 |
|
|
14.75% |
9.01% |
1.27% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
No |
|
32] |
Litigations that the firm/promoter
involved in |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Short Term
Borrowing |
|
|
|
Loans and advances from related parties |
3662.090 |
0.000 |
|
Total |
3662.090 |
0.000 |
LITIGATION DETAILS:
|
HIGH
COURT OF BOMBAY
|
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INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
CORPORATE INFORMATION
The company was incorporated in India on February 8, 1994. The Company is principally engaged in the business of television broadcasting.
BUSINESS OPERATIONS
The Scheme of Amalgamation and re-structuring exercised undertaken during the financial year had resulted in migration of the entire operations of Star Sports India Private Limited (SSIPL) and Star Entertainment Media Private Limited (SEMPL) into the Company. This would allow the Company greater operational flexibility in the market with much greater brand recognition than earlier resulting in efficiently meeting the requirements of key stakeholders of the business.
SCHEME OF
AMALGAMATION FOR MERGER OF INDIAN TRASFEROR COMPANIES INTO THE COMPANY
During the financial year, Star Sports India Private Limited (SSIPL), wholly owned subsidiary of Wolrdwide Wickets, Mauritius and Star Entertainment Media Private Limited (SEMPL), wholly owned subsidiaries of Star ISP Limited, Mauritius, (collectively referred to as Transferor Companies) were amalgamated in the Company pursuant to the Scheme of Amalgamation as approved by the Honble Bombay High Court vide its order dated 22nd August, 2014
FIXED ASSETS
Tangible Assets
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
· Leasehold Improvements
Intangible Assets
· Brands and Trade Marks
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 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.66.74 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
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 |
|
47 |
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.