MIRA INFORM REPORT
|
Report No. : |
355205 |
|
Report Date : |
19.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BROADCAST AUDIENCE RESEARCH COUNCIL |
|
|
|
|
Registered
Office : |
Ground Floor, Rose Cottage Complex, Parel, 61, Dr. S. S. Rao Road, Mumbai-400012, Maharashtra |
|
Tel. No.: |
91-22-49226633/ 49226600/ 49226611/ 49226601 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
09.07.2010 |
|
|
|
|
Com. Reg. No.: |
11-265172 (New) 55-205584 (Old) |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100MH2010NPL265172 (New) U73100DL2010NPL205584 (Old) |
|
|
|
|
IEC No.: |
Not Applicable (Note:- As claimed by company management chat company does
not export and import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECB4286C |
|
|
|
|
Legal Form : |
Indian Non-Government Company |
|
|
|
|
Line of Business
: |
Subject is engaged in a single business of Television audience
measurement. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
BARC (Broadcast Audience Research Council) India is an industry body,
to design, commission, supervise and own an accurate, reliable and timely
television audience Measurement system for India. BARC India has been promoted by the Indian Broadcasting Foundation
(IBF), the Indian Society of Advertisers (ISA) and the advertising Agencies
Association of India (AAAI). During April, 2015 the company has commenced commercial operations. In
July, 2015 the company was granted registration for the operating as Television
rating Agency under Policy guidelines for Television Rating Agencies in India
by the Ministry of Information and Broadcasting for the period of 10 Years. The company is promoted by well experienced, respectful and eminent
personalities from advertising and broadcasting industry. In view of strong support from the well-established promoters, the
company can be considered normal for business dealings with 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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Amit |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-49226600 |
|
Date : |
18.12.2015 |
LOCATIONS
|
Registered Office and Corporate Office : |
Ground Floor, Rose Cottage Complex, Parel, 61, Dr. S. S. Rao Road, Parel (East), Mumbai-400012, Maharashtra, India |
|
Tel. No.: |
91-22-49226633/ 49226600/ 49226611/ 49226601 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Delhi Branch: |
4th Floor, Statesman House Building,
Barakhamba Road, Connaught Place New Delhi – 110001, India |
|
Tel. No.: |
91-11-3044 6461 |
|
Fax No.: |
91-11-3044 6500 |
|
|
|
|
Mumbai Branch: |
Rose Cottage, Next to Citi Tower, 61, Dr. S.
S. Rao Road, Parel (East), Mumbai-400012, Maharashtra, India |
|
Tel. No.: |
91-22-49226600 |
DIRECTORS
As on: 31.03.2015
|
Name : |
Mr. Punit Goenka |
|
Designation : |
Director |
|
Address : |
Bungalow No. 1, Jolly Maker Apartment No.
1, Cuffe Parade, Colaba, Mumbai, 400005, Maharashtra, India |
|
Date of Birth/Age : |
20.06.1975 |
|
Date of Appointment : |
09.07.2010 |
|
DIN No.: |
00031263 |
|
|
|
|
Name : |
Mr. Bharat Vithalbhai Patel |
|
Designation : |
Director |
|
Address : |
52, Miami Apartments, Bhulabhai Desai Road,
Mumbai, 400026, Maharashtra, India |
|
Date of Appointment : |
14.01.2013 |
|
DIN No.: |
00060998 |
|
|
|
|
Name : |
Mr. Venkat Idupuganti |
|
Designation : |
Director |
|
Address : |
10-3-56/1/401, Ranga Fort, East
Marredpally, Secunderabad, 500026, Andhra Pradesh, India |
|
Date of Appointment : |
08.09.2014 |
|
DIN No.: |
00089679 |
|
|
|
|
Name : |
Mr. Melarkode Ganesan Parameswaran |
|
Designation : |
Director |
|
Address : |
62, 6th Floor, Technocrat CHS., A Building,
Off Veer Savarkari Marg, Prabhadevi Mumbai, 400025, Maharashtra, India |
|
Date of Appointment : |
08.09.2014 |
|
DIN No.: |
00792123 |
|
|
|
|
Name : |
Mr. Srinivas Venkata Lakshmana Chintakindi |
|
Designation : |
Director |
|
Address : |
T-05 A , Windsor Court,, DLF Phase - IV,
Gurgaon, 122002, Haryana, India |
|
Date of Appointment : |
20.04.2015 |
|
DIN No.: |
01633517 |
|
|
|
|
Name : |
Mr. Uday Shankar |
|
Designation : |
Director |
|
Address : |
Ashford Apartments, 2nd Floor, 1/26A, Ridge
Road, Near Sahyadri Guest House, Malabar Hill, Mumbai, 400006, Maharashtra,
India |
|
Date of Birth/Age : |
16.09.1961 |
|
Date of Appointment : |
09.07.2010 |
|
DIN No.: |
01755963 |
|
|
|
|
Name : |
Mr. Narinder Pal Singh |
|
Designation : |
Director |
|
Address : |
22, Harshavardhan, J.P. Road, Versova,
Andheri (W), Mumbai, 400061, Maharashtra, India |
|
Date of Appointment : |
08.09.2014 |
|
DIN No.: |
03335912 |
|
|
|
|
Name : |
Mr. Sudhanshu Vats |
|
Designation : |
Director |
|
Address : |
3 Rockdale, 16, Ld Ruparel Marg, Malabar
Hill,, Mumbai, 400006, Maharashtra, India |
|
Date of Appointment : |
30.11.2013 |
|
DIN No.: |
05234702 |
|
|
|
|
Name : |
Mrs. Saugata Gupta |
|
Designation : |
Director |
|
Address : |
5 & 6 , 3rd & 4th Floor,
Shimira,16th Road, Khar (West), Mumbai, 400052, Maharashtra, India |
|
Date of Appointment : |
17.09.2014 |
|
DIN No.: |
05251806 |
|
|
|
|
Name : |
Mr. Rajeev Singh |
|
Designation : |
Director |
|
Address : |
A-119, Suraj Mal Vihar, Delhi, 110092,
Delhi, India |
|
Date of Appointment : |
06.07.2015 |
|
DIN No.: |
07191370 |
KEY EXECUTIVES
|
Name : |
Mr. Amit |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Indian Broadcasting Foundation U S 25 Public Company, India |
|
150000 |
|
Uday Shankar |
|
1 |
|
Total |
|
150001 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in a single business of Television audience
measurement. (Registered Activity) |
|
|
|
|
Products : |
- |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
THE RUBY, 12TH FLOOR, 29, SENAPATI, DADAR WEST, MUMBAI- 400028,,
Maharashtra, India |
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
PAN: |
ACHFS9118A |
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company: |
Indian Broadcasting Foundation (IBF) (U74899DL1999NPL101705) |
CAPITAL STRUCTURE
As on: 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
1,750,000 |
Preference shares |
Rs.10/- each |
Rs. 17.500 Million |
|
|
Total |
|
Rs. 67.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,001 |
Equity Shares |
Rs.10/- each |
Rs. 1.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.500 |
1.500 |
1.500 |
|
(b) Reserves & Surplus |
(81.308) |
(15.999) |
(3.599) |
|
(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) |
(79.808) |
(14.499) |
(2.099) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1199.300 |
290.600 |
4.500 |
|
(b) Deferred tax liabilities (Net) |
0.990 |
0.175 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1200.290 |
290.775 |
4.500 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
25.900 |
60.000 |
0.000 |
|
(b) Trade
payables |
0.000 |
0.000 |
0.000 |
|
(c) Other
current liabilities |
346.169 |
93.105 |
4.101 |
|
(d) Short-term
provisions |
1.029 |
0.267 |
0.000 |
|
Total Current
Liabilities (4) |
373.098 |
153.372 |
4.101 |
|
|
|
|
|
|
TOTAL |
1493.580 |
429.648 |
6.502 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4.609 |
0.852 |
0.000 |
|
(ii)
Intangible Assets |
1.724 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1125.331 |
107.864 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
118.286 |
5.100 |
0.000 |
|
(e) Other
Non-current assets |
68.194 |
29.070 |
0.000 |
|
Total Non-Current
Assets |
1318.144 |
142.886 |
0.000 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
32.742 |
277.328 |
6.131 |
|
(e)
Short-term loans and advances |
137.328 |
9.434 |
0.371 |
|
(f) Other current
assets |
5.366 |
0.000 |
0.000 |
|
Total
Current Assets |
175.436 |
286.762 |
6.502 |
|
|
|
|
|
|
TOTAL |
1493.580 |
429.648 |
6.502 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
0.029 |
|
|
|
TOTAL (A) |
0.000 |
0.000 |
0.029 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employees benefits expense |
21.257 |
7.740 |
0.000 |
|
|
|
Other expenses |
38.148 |
4.350 |
3.219 |
|
|
|
TOTAL (B) |
59.405 |
12.090 |
3.219 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(59.405) |
(12.090) |
(3.190) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
4.582 |
0.193 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
(63.987) |
(12.283) |
(3.191) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
1.322 |
0.118 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
(65.309) |
(12.401) |
(3.191) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
(65.309) |
(12.401) |
(3.191) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(435.00) |
(83.00) |
(21.27) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from operating activities |
(5.390) |
12.889) |
(3.400) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(17.74) |
(3.85) |
(49.08) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.82 |
0.86 |
1.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(15.35) |
(24.18) |
(2.14) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.47 |
1.87 |
1.59 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1.500 |
1.500 |
1.500 |
|
Reserves & Surplus |
(3.599) |
(15.999) |
(81.308) |
|
Net worth |
(2.099) |
(14.499) |
(79.808) |
|
|
|
|
|
|
long-term borrowings |
4.500 |
290.600 |
1199.300 |
|
Short term borrowings |
0.000 |
60.000 |
25.900 |
|
Total borrowings |
4.500 |
350.600 |
1225.200 |
|
Debt/Equity ratio |
(2.144) |
(24.181) |
(15.352) |
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 |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Business overview:
During April 2015, the company had commenced commercial operations. In July 2015, the company was granted registration for operations as Television Rating Agency under the Policy Guidelines for Television Rating agencies in India by the Ministry of Information and Broadcasting for a period of 10 Years.
Corporate Information:
Broadcast Audience Research Council has been incorporated in the year 2010 as company with share capital and not for profit under section 25 of the companies Act, 1956. It is a Joint industry body set up in India with the specific purpose of designing, commissioning, supervising and owning India’s Television Audience Measurement system. The company’s objective is to have a robust, transparent and accountable governance framework for giving uninterrupted access to comprehensive, accurate, relabel and timely television audience measurement.
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10489859 |
24/03/2014 |
1,250,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
C03730686 |
* Date
of charge modification
FIXED ASSETS:
- Equipments
- Furniture and Fixtures
- Computers
- 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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KSP |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
|
--PROFITABILITY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.