MIRA INFORM REPORT

 

 

Report No. :

332324

Report Date :

17.07.2015

 

IDENTIFICATION DETAILS

 

Name :

WIZCRAFT INTERNATIONAL ENTERTAINMENT PRIVATE LIMITED

 

 

Registered Office :

Satyadev Plaza, 5th Floor, Fun Republic Lane, Off New Link Road, Andheri (West) Mumbai - 400053, Maharashtra

Tel. No.:

91-22-42001400

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

05.05.1997

 

 

Com. Reg. No.:

11-107787

 

 

Capital Investment / Paid-up Capital :

Rs.28.878 Million

 

 

CIN No.:

[Company Identification No.]

U92100MH1997PTC107787

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACW1931D

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The Company is engaged in business of organising and executing entertainment based events, shows, concerts etc. It is also engaged in business of Television Production.

 

 

No. of Employees :

Information declined by the management.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

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 :

Subject is an established company having satisfactory track.

 

The company possesses an acceptable financial profile marked by adequate networth base along with high receivables leading to working capital intensive operations.

 

Management has witnesses a decent revenue as well as profitability during FY 2014.

 

Trade relations seem to be fair. Business is active. Payment terms are reported us usually correct.

 

In view of the company being the earliest entrants in the event management industry and its established presence, it can be considered for business dealings at usual trade terms and conditions.

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

EXTERNAL AGENCY RATING

 

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 31-03-2013.

 

INFORMATION DENIED BY

 

Name :

Ms. Kavita

Designation :

Company Secretary

Contact No.:

91-22-42001400

Date :

17.07.2015

 

 

LOCATIONS

 

Registered Office :

Satyadev Plaza, 5th Floor, Fun Republic Lane, Off New Link Road, Andheri (West) Mumbai - 400053, Maharashtra, India

Tel. No.:

91-22-42001400

Fax No.:

91-22-42001500

E-Mail :

kavita.parikh@wizcraftworld.com

Website :

www.wizcraftworld.com

 

 

DIRECTORS

 

As on 29.09.2014

 

Name :

Mr.  Timmins Leslie Andre

Designation :

Director

Address :

7, Nandan Villa, Model Town Cooperative Hosing Society, Gulmore Lane No. 10, Juhu Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India

Date of Birth/Age :

17.11.1964

Date of Appointment :

05.05.1997

Din No.:

01374914

PAN No.:

AAGPT4804M

 

 

Name :

Mr. Viraf Keki Sarkari

Designation :

Director

Address :

1, Sabnosh, Next to Agha Khan Society, Off Yari Road, Lane of Amamath to Versova, Andheri (West), Mumbai – 400061, Maharashtra, India

Date of Birth/Age :

13.08.1962

Date of Appointment :

05.05.1997

Din No.:

01304189

PAN No.:

ABYPS0214P

 

 

Name :

Mr. Sabbas Winfred Joseph

Designation :

Director

Address :

A-201 Swati, Panch Marg, Off. Yari Road, Andheri West, Mumbai - 400061, Maharashtra, India

Date of Birth/Age :

05.12.1961

Date of Appointment :

05.05.1997

Din No.:

01374840

PAN No.:

AFLPJ9458B

 

 

Name :

Mr. Anumod Sharma

Designation :

Director

Address :

D-305A, Laburnum Apartment, Sushant Lok, Sector 29, Gurgaon - 122006, Haryana, India

Date of Birth/Age :

17.08.1958

Date of Appointment :

08.07.2010

Din No.:

01185510

 

 

Name :

Mr. Praveen Sharma

Designation :

Director

Address :

C-123, Ashok Vihar, Phase-I, New Delhi - 110052, India

Date of Birth/Age :

15.09.1960

Date of Appointment :

08.07.2010

Din No.:

01573299

 

 

KEY EXECUTIVES

 

Name :

Mr. Kavita Parikh

Designation :

Company Secretary

Address :

405, Gautam Apartments, Namrsing Lane, Malad (West), Mumbai - 400064, Maharashtra, India

Date of Birth/Age :

09.06.1986

Date of Appointment :

17.01.2011

Pan No.:

AOSPP3601E

 

 

 

MAJOR SHAREHOLDERS

 

As on 29.09.2014

 

Names of Shareholders

 

No. of Shares

Viraf Keki Sarkari

 

562500

Timmins Leslie Andre

 

562500

Sabbas Winfred Joseph

 

562500

Luster Manufacturer Private Limited, India

 

562500

Aquarious Ventures Pte Limited (Previously known as Hexagram Investmetn Private Limited), Mauritius

 

444538

Concordia IT Corporation, USA

 

86700

Makertich Consultancy Services Private Limited, India

 

88850

DSP Investment Private Limited, India

 

11100

K.R. Bharat

 

6600

Total

 

2887788

 

As on 08.01.2015

 

Names of Allottee

No. of Shares Allottee

Dinesh Kumar

2475

Zarif Tapia

990

Pushkaraj Vartak

990

Simon Thomas Caszo

310

Murali Rao

310

Basheer Ahmed

310

Total

5385

 

As on 29.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

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

18.39

Bodies corporate

22.94

Directors or relatives of Directors

58.44

Other top fifty shareholders

0.23

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is engaged in business of organising and executing entertainment based events, shows, concerts etc. It is also engaged in business of Television Production.

 

 

Products :

Product Description

Item Code No. (ITC Code)

Event management

99999999

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Not Divulged

 

 

Purchasing :

Not Divulged

 

PRODUCTION STATUS = NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

Information declined by the management.

 

 

Bankers :

Banker Name

Axis Bank Limited

Branch Address

2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110001, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Term Loans from Banks

0.373

4.267

SHORT TERM BORROWING

 

 

Term Loans from others

99.584

0.000

Working capital loans from banks

0.000

100.000

Loans repayable on demand

357.739

418.379

Total

457.696

522.646

 

Auditors 1 :

 

Name :

Suresh Surana and Associates

Chartered Accountants

Address :

310 Ahura Centre, 82 Mahakali Caves Road,Andheri East, Mumbai-400093, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAFPS6799B

 

 

Auditors 2 :

 

Name :

Snehal and Associates

Chartered Accountants

Address :

5/A, New Hari Nivas, 1st Floor, Dattatray Road, Near Juhu Garden, Santacruz –(West) Mumbai-400054, Maharashtra, India

PAN N Income-tax PAN of auditor or auditor's firm :

ACLFS1562L

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Subsidiaries :
  • Virtual Vision Private Limited
  • Wysiwyg Décor Private Limited
  • Wizcraft Television and Films Private Limited
  • Wizcraft International Entertainment Limited (Mauritius)
  • Wizcraft International Entertainment Singapore PTE Limited
  • Wizspk Communication and PR Private Limited (w.e.f. 24 August 2012 )
  • Wizcraft Television Production Private Limited (Previously known as Wizcraft Moving Picture Private Limited) (w.e.f. 18 January 2013 )
  • Wizconcept Events and Entertainment Private Limited (w.e.f. 18 September 2012)
  • Wizcraft Entertainment USA LLC (w.e.f. 11 December 2013)
  • Wedniksha Wedding Planners Private Limited(w.e.f. 30 January 2014)

 

 

Associates :
  • Performance Audio (I) Private Limited
  • Great Indian Nautanki Company Private Limited
  • Special FX (Partnership Firm)
  • Wizlite Exhibitions and Events Private Limited(w.e.f. 5 June 2012)

 

 

Enterprises in which Key Management Personnel are having significant influence:
  • Wizcraft International Entertainment (Pvt.) Limited - Sri Lanka
  • Pro Production Technologies Private Limited
  • Purple Window Communication and PR Private Limited
  • Wizcraft Entertainment Agency Private Limited
  • International Institute of Media and Entertainment Private Limited
  • International Institute of Media and Entertainment Private Limited

 

 

CAPITAL STRUCTURE

 

After 29.09.2014

 

Authorised Capital: Rs.33.000 Million

 

Issued, Subscribed & Paid-up Capital: Rs.28.931 Million

 

 

As on 31.03.2014

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

3300000

Equity Shares

Rs.10/- each

Rs.33.000 Million

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

2887788

Equity Shares

Rs.10/- each

Rs.28.878 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

28.878

28.878

28.878

(b) Reserves & Surplus

1271.868

1133.064

974.625

(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)

1300.746

1161.942

1003.503

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1.571

6.202

20.164

(b) Deferred tax liabilities (Net)

17.160

15.094

9.222

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

3.864

4.899

4.587

Total Non-current Liabilities (3)

22.595

26.195

33.973

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

457.323

518.379

286.399

(b) Trade payables

446.175

560.408

442.020

(c) Other current liabilities

305.937

140.172

112.746

(d) Short-term provisions

0.352

0.374

0.387

Total Current Liabilities (4)

1209.787

1219.333

841.552

 

 

 

 

TOTAL

2533.128

2407.470

1879.028

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

173.811

185.584

188.818

(ii) Intangible Assets

15.623

284.916

15.978

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

492.297

494.429

494.208

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

23.646

13.749

54.660

(e) Other Non-current assets

0.374

0.100

0.000

Total Non-Current Assets

705.751

978.778

753.664

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

429.832

10.653

137.505

(c) Trade receivables

993.249

801.493

534.085

(d) Cash and cash equivalents

12.683

10.150

39.472

(e) Short-term loans and advances

315.987

442.844

356.678

(f) Other current assets

75.626

163.552

57.624

Total Current Assets

1827.377

1428.692

1125.364

 

 

 

 

TOTAL

2533.128

2407.470

1879.028

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

TOTAL REVENUE

2603.819

2475.449

2451.081

 

 

 

 

 

EXPENSES

NA

NA 

NA 

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

217.454

240.772

251.802

 

 

 

 

 

Less

TAX

82.887

83.947

82.901

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

134.567

156.825

168.901

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

998.102

841.277

672.375

 

 

 

 

 

 

Balance Carried to the B/S

1132.669

998.102

841.277

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

46.59

54.31 

58.48 

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

4.630

16.166

15.541

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

201.292

95.105

185.630

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Return on Total Assets

(PBT/Total Assets}

(%)

10.66

12.59

18.18

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.17

0.21

0.25

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.36

0.47

0.32

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.51

1.17

1.34

 

 

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

28.878

28.878

28.878

Reserves & Surplus

974.625

1133.064

1271.868

Net worth

1003.503

1161.942

1300.746

 

 

 

 

long-term borrowings

20.164

6.202

1.571

Short term borrowings

286.399

518.379

457.323

Current Maturities of Long Term Debt

15.541

16.166

4.630

Total borrowings

322.104

540.747

463.524

Debt/Equity ratio

0.321

0.465

0.356

 

 

 

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)

Total Revenue

2451.081

2475.449

2603.819

 

 

0.994

5.186

 

 

 

 

 

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total Revenue

2451.081

2475.449

2603.819

Profit

168.901

156.825

134.567

 

6.89%

6.34%

5.17%

 

 

 

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

Yes

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

 

 

FINANCIAL PERFORMANCE

 

During the year, the Company has earned revenue of Rs. 2603.819 Million as against Rs. 2475.449 Million in the previous year. The Company has registered a net profit after tax of Rs. 134.566 Million as against Rs. 156.825 Million in the previous year.

 

 

CORPORATE INFORMATION

 

Subject is a Private Limited Company domiciled in India and incorporated under the provison of Indian Companies Act, 1956. The Company is engaged in business of organising and executing entertainment based events, shows, concerts etc. It is also engaged in business of Television Production. It caters to both domestic as well as international market.

 

 

 

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Term loans from others

1.198

1.935

Total

1.198

1.935

 

 

Bankers Charges Report as per Registry

 

Corporate identity number (CIN) or foreign company registration number of the company

U92100MH1997PTC107787

Name of the company

WIZCRAFT INTERNATIONAL ENTERTAINMENT PRIVATE LIMITED

Address of the registered office or of the principal place of  business in India of the company

Satyadev Plaza, 5th Floor, Fun Republic Lane Off New Link Road, Andheri (West), Mumbai – 400053, Maharashtra, India

This form is for

Creation of charge

Charge identification (ID) number of the charge to be modified

---

Type of charge

  • Book debts
  • Movable property (not being pledge)

Particular of charge holder

Axis Bank Limited

Nature of instrument creating charge

2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi – 110001, India

Email : swati1.Jain@axisbank.com

Nature, description and brief particulars of the instrument(s) creating or modifying the charge

Composite Hypothecation Deed (Current Assets, Movables, Plant and Machinery)

Date of instrument Creating the charge

28.06.2013

Amount secured by the charge

Rs.150.000 Million

Brief of the principal terms and conditions and extent and operation of the charge

Rate of Interest

As Per Sanction Letter No. Axisb/Mc1/Aya/13-14/85 Dated 27.06.2013 To Be Amended From Time To Time.

 

Terms of Repayment

As Per Sanction Letter No. Axisb/Mc1/Aya/13-14/85 Dated 27.06.2013 To Be Amended From Time To Time.

 

Margin

As Per Sanction Letter No. Axisb/Mc1/Aya/13-14/85 Dated 27.06.2013 To Be Amended From Time To Time.

 

Extent and Operation of the charge

Pari Passu Charge.

 

Others

The above is to secure Adhoc Overdraft Limit.

Short particulars of the property or asset(s) charged (including complete address and location of the property)

Hypothecation By Way of Extension of First Pari Passu Charge Over Entire Current Assets And Movable Fixed Assets Including Stock, Book-Debts And Other Current Assets of The Company Stored or to be Stored At The Company's Godowns or Premises or Wherever Else The Same May Be.

Particulars of the present modification

--–

 

 

FIXED ASSETS

 

  • Plant and equipment
  • Furniture and fixtures
  • 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, India Prisons Service, Interpol, etc.

 

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 records 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.63.49

UK Pound

1

Rs.99.17

Euro

1

Rs.69.39

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

PNM

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY 

1~10

5

--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

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

 

46

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.