MIRA INFORM REPORT
|
Report No. : |
357019 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SONY PICTURES NETWORK INDIA PRIVATE LIMITED (w.e.f. 11.12.2015) |
|
|
|
|
Formerly known
as : |
MULTI SCREEN MEDIA PRIVATE LIMITED (w.e.f.21.11.2007) SET INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Interface Building No. 7, Opposite Malad Link Road Malad (West), Mumbai - 400 064, Maharashtra |
|
Tel. No.: |
91-22-67081111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-111487 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.91.390 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92100MH1995PTC111487 |
|
|
|
|
IEC No.: |
Not Applicable (As claimed by company management that company does not export and
import) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged primarily in sourcing content for its
subsidiary MSM Satellite. (Registered activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (76) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Sony Pictures Networks India (SPN) (formerly Multi Screen Media
Private Limited) is a subsidiary of ‘Sony Corporation’ which owns and
operates the Sony Entertainment network of television channels. It offers
shows based on general entertainment, sports, movies, factual entertainment,
news, reality, action, animation, adventure and lifestyle. As a leading television network in India, SPN comprises of Sony
Entertainment Television (SET), MAX, MAX 2, SAB, AXN, AATH, MIX, SIX, KIX and
LIV. Further, Sony Entertainment Television and SAB TV are the main brands of
SPN although it owns many other brands and companies under the umbrella Sony
brand. The ratings continue to derive strength from the well-established promoter
group with a long track record in the media and entertainment industry, large
bouquet of channel offerings covering a wide genre of entertainment and
positioning of the flagship channel ‘Sony’ amongst the top Hindi General
Entertainment Channels in terms of Television Viewership and platform for
distribution with a wide subscriber base. The ratings are further strengthened by the sound financial profile
characterized by good profit margins, healthy networth base and strong debt
coverage indicators. However the above rating strengths are weakened by changing trends in
the media sector, intense competition, and risks related to regulatory
changes. Moreover, trade relations are reported as trustworthy. Payments are
reported to be regular and as per commitments. In view of strong market position and well-known name, the company can
be considered good 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.
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 DECLINED
Management Non-Cooperative (Tel No.:91-22-67081111)
LOCATIONS
|
Registered Office : |
4th Floor, Interface Building No. 7, Opposite Malad Link Road Malad (West) Mumbai - 400 064, Maharashtra |
|
Tel. No.: |
91-22-67081111 |
|
Fax No.: |
91-22-66434748 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
3rd Floor, Interface Building No. 7, Off Malad Link Road,
Malad (West), Mumbai – 400064, Maharashtra, India |
|
Tel No.: |
91-22-67081111 |
|
Fax No.: |
91-22-66434748 |
|
Email: |
DIRECTORS
As on 31.03.2015
|
Name : |
Andrew Jay Kaplan |
|
Designation : |
Director |
|
Address : |
13225 Old Oak Lane, Los Angeles California, 90049, United States of America |
|
Date of Birth/Age : |
11.02.1960 |
|
Date of Appointment : |
25.09.2003 |
|
DIN No.: |
01532580 |
|
|
|
|
Name : |
Man Jit Singh |
|
Designation : |
Director |
|
Address : |
1050 Brooklawn Drive, Los Angeles California, 90077, United States oof America |
|
Date of Birth/Age : |
12.27.1956 |
|
Date of Appointment : |
03.01.2014 |
|
DIN No.: |
01646045 |
|
|
|
|
Name : |
George Chien |
|
Designation : |
Director |
|
Address : |
6440 West 82nd Street, Los Angeles, 90045, United States of America |
|
Date of Birth/Age : |
07.09.1972 |
|
Date of Appointment : |
15.10.2010 |
|
DIN No.: |
03101431 |
KEY EXECUTIVES
|
Name : |
Mr. Rajkumar Shyamlal Bidawatka |
|
Designation : |
Company Secretary and Compliance Officer |
|
Address : |
D- 1504, Palm Spring, Malad Link Road, Malad (West), Mumbai - 400064, Maharashtra, India |
|
Date of Birth/Age : |
05.10.1968 |
|
Date of Appointment : |
19.07.2007 |
|
PAN No.: |
AAIPB4224H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
SPE Mauritius Holdings Limited |
|
4569289 |
|
SPE Mauritius Investments Limited |
|
4569289 |
|
SPE Singapore Holdings, Inc |
|
1 |
|
Total |
|
9138579 |
Equity Share Break up (Percentage of Total Equity)
As on 27.08.2014
|
Category |
Percentage |
|
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 primarily in sourcing content for its
subsidiary MSM Satellite. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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||||
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Auditors : |
|
|
Name : |
Gundana Priyanshu Dineshkumar Chartered Accountants |
|
Address : |
Price Waterhouse 252,Veer Savarkar Marg,Shivaji Park,Dadar Mumbai – 400028, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiaries : |
U92132MH2002PTC136158 |
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|
|
|
Foreign company : |
MSM Asia Limited, United Kingdom |
|
|
|
|
Others : |
U92112DL1998PTC096338
U92419MH2010FTC210915
U92199WB2007PTC112951
U92100MH2004PTC146706
U74899DL1994PTC062781
|
CAPITAL STRUCTURE
As on 27.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9138579 |
Equity Shares |
Rs.10/- each |
Rs.91.390
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
91.390 |
91.390 |
91.390 |
|
(b) Reserves & Surplus |
14722.910 |
14379.600 |
13356.750 |
|
(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) |
14814.300 |
14470.990 |
13448.140 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10061.520 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
169.320 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
99.900 |
125.160 |
126.130 |
|
(d) long-term provisions |
961.780 |
749.070 |
629.880 |
|
Total
Non-current Liabilities (3) |
11292.520 |
874.230 |
756.010 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
3710.870 |
0.000 |
0.000 |
|
(b) Trade payables |
4973.120 |
1036.870 |
2112.010 |
|
(c) Other current liabilities |
1884.430 |
3415.800 |
2364.470 |
|
(d) Short-term provisions |
613.470 |
15.020 |
51.450 |
|
Total
Current Liabilities (4) |
11181.890 |
4467.690 |
4527.930 |
|
|
|
|
|
|
TOTAL |
37288.710 |
19812.910 |
18732.080 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
330.900 |
283.590 |
246.720 |
|
(ii) Intangible Assets |
712.790 |
50.970 |
29.620 |
|
(iii) Capital work-in-progress |
46.410 |
59.270 |
85.390 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
17.280 |
16277.700 |
8155.200 |
|
(c) Deferred tax assets (net) |
264.040 |
223.150 |
165.620 |
|
(d) Long-term Loan and Advances |
258.430 |
97.170 |
292.070 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1629.850 |
16991.850 |
8974.620 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8672.150 |
1.460 |
14.930 |
|
(c) Trade receivables |
5781.460 |
739.870 |
6581.670 |
|
(d) Cash and cash equivalents |
1082.600 |
1262.390 |
869.290 |
|
(e) Short-term loans and
advances |
19739.030 |
759.260 |
2207.370 |
|
(f) Other current assets |
383.620 |
58.080 |
84.200 |
|
Total
Current Assets |
35658.860 |
2821.060 |
9757.460 |
|
|
|
|
|
|
TOTAL |
37288.710 |
19812.910 |
18732.080 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
TURNOVER |
6399.770 |
9657.660 |
15210.540 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
4980.510 |
7782.500 |
12236.060 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1419.260 |
1875.160 |
2974.480 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
161.050 |
117.080 |
86.290 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
1258.210 |
1758.080 |
2888.190 |
|
|
|
|
|
|
|
Less |
TAX |
482.150 |
735.230 |
1567.890 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
776.060 |
1022.850 |
1320.300 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4530.160 |
3507.310 |
2187.010 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
5306.220 |
4530.160 |
3507.310 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
5957.800 |
8897.020 |
13227.260 |
|
|
TOTAL
EARNINGS |
5957.800 |
8897.020 |
13227.260 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
84.92 |
111.93 |
144.47 |
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) operations |
369.410 |
9458.950 |
2321.900 |
|
Net cash flow from operating activity |
(75.390) |
8654.480 |
1197.780 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
12.13 |
10.59 |
8.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.40 |
54.05 |
27.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.12 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.93 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.19 |
0.63 |
2.15 |
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 |
91.390 |
91.390 |
91.390 |
|
Reserves & Surplus |
13356.750 |
14379.600 |
14722.910 |
|
Net
worth |
13448.140 |
14470.990 |
14814.300 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
10061.520 |
|
Short term borrowings |
0.000 |
0.000 |
3710.870 |
|
Total
borrowings |
0.000 |
0.000 |
13772.390 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.930 |
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 |
15210.540 |
9657.660 |
6399.770 |
|
|
|
(36.507) |
(33.734) |
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 |
15210.540 |
9657.660 |
6399.770 |
|
Profit |
1320.300 |
1022.850 |
776.060 |
|
|
8.68% |
10.59% |
12.13% |
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 |
LITIGATION DETAILS
|
LITIGATION DETAILS |
||||||||
|
Bench:- Bombay |
||||||||
|
Presentation Date: 18.12.2015 |
||||||||
|
Lodging No:- |
NMSL/3604/2015 |
Failing Date:- |
18.12.2015 |
|
||||
|
Main Matter |
||||||||
|
Lodging No:- |
SL/825/2015 |
|
|
Reg. No.:- |
S/816/2013 |
|
|
|
|
Petitioner:- |
AMIT BABBAR- |
Respondent:- |
MULTI SCREEN MEDIA PRIVATE LIMITED |
|||||
|
Petn.Adv:- |
LIGAL ASSCIATES (I7138) |
|
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|
District:- |
MUMBAI |
|||||||
|
Bench:- |
SINGLE |
Category: |
NOTICE OF MOTION |
|||||
|
Status:- |
Pre-Admission |
Stage:- |
||||||
|
Next Date:- |
04.01.2016 |
|||||||
|
Coram:- |
ACCORDING TO SITTING LIST |
|||||||
|
Act:- |
Code of Civil Procedure, 1908 |
|
||||||
GENERAL INFORMATION
Subject is engaged primarily in sourcing content for its subsidiary MSM Satellite ( Singapore ) Pte. Ltd. and undertakes activities ancilliary to this. It also acts as an agent of MSM Satellite (Singapore ) Pte. Ltd, for which it is entitled to service fees.
As at March 31, 2014, Assets and liabilities of the broadcasting business of MSM Satellite (Singapore) Pte. Ltd is taken over by the Company pursuant to the Scheme of Demerger
GENERAL:
During its Nineteenth year of operations in the financial year 2013-14, the Company recorded a turnover of Rs. 6399.770 million as compared to Rs. 9657.660 million during the previous year. Net profit after tax was Rs. 776.060 million for the year as against a net profit after tax of Rs. 1022.850 million in the previous year
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from related parties |
10061.520 |
0.000 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Term loan from Bank |
3710.870 |
0.000 |
|
|
|
|
|
Total |
13772.390 |
0.000 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against company not acknowledged as debt |
5550.570 |
2537.660 |
|
Guarantees |
170.000 |
0.000 |
|
Other money for which company is contingently liable |
5487.260 |
2085.280 |
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Leasehold improvements
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.66.20 |
|
|
1 |
Rs.98.29 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
76 |
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.