MIRA INFORM REPORT
|
Report No. : |
326994 |
|
Report Date : |
13.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
JMD TELEFILMS INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 323 and 324, 3rd
Floor, Building No. 9, Laxmi Plaza, New
Link Road, Andheri (West), Mumbai –
400053, Maharashtra |
|
Tel. No.: |
91-22-65653453 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
01.12.2000 |
|
|
|
|
Com. Reg. No.: |
11-033180 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 144.292 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L67190MH2000PLC033180 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ15662D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4340C |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Recording, Selling and Distribution
of Audio Video CDs, Trading in Software and Hardware Products and also
Investment in Capital Market and Mutual Funds related activities. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Profit margin of the company is low. However, networth of the company
is satisfactory. General financial position of the company is normal and
acceptable for business dealing. Balance sheet of the company is totally debt free. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal 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.
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
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 PARTED BY
|
Name : |
Mr. Pravin Tukaram Sawant |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-22-65653453 |
|
Date : |
12.06.2015 |
LOCATIONS
|
Registered Office : |
Unit No. 323 and 324, 3rd
Floor, Building No. 9, Laxmi Plaza, New
Link Road, Andheri (West), Mumbai –
400053, Maharashtra, India |
|
Tel. No.: |
91-22-65653453 |
|
Fax No.: |
91-22-26773832 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Studio : |
75C, Park Street, Basement, Kolkata – 700016, West Bengal, India |
|
Tel. No.: |
91-33-22299198/ 5359 |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Kailash Prasad Purohit |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mr. Jagdish Prasad Purohit |
|
Designation : |
Non-Executive Director |
|
Date of Birth /
Age: |
24.02.1958 |
|
Qualification
: |
B. Com., LLB |
|
Experience : |
30 Years |
|
Date of Appointment
: |
22.03.2007 |
|
Other Directorship
: |
· Unisys Softwares and Holding Industries Limited · Warner Multimedia Limited · Scan Infrastructure Limited |
|
|
|
|
Name : |
Mr. Ashok Bothra |
|
Designation : |
Independent Director |
|
|
|
|
Name : |
Mr. Pawan N. Borad |
|
Designation : |
Independent Director |
|
Date of Birth /
Age: |
11.09.1975 |
|
Qualification
: |
B. Com |
|
Experience : |
10 Years |
|
Date of Appointment
: |
12.08.2013 |
|
Other Directorship
: |
Prime Capital Market Limited |
KEY EXECUTIVES
|
Name : |
Mr. Pravin Tukaram Sawant |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of Shareholder |
Total No. of Shares |
As a % |
|
(A) Shareholding of Promoter and Promoter
Group |
|
|
|
|
|
|
|
|
1000000 |
0.69 |
|
|
4600000 |
3.19 |
|
|
25000000 |
17.33 |
|
|
25000000 |
17.33 |
|
|
30600000 |
21.21 |
|
|
|
|
|
Total shareholding of Promoter and Promoter
Group (A) |
30600000 |
21.21 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
84723090 |
58.72 |
|
|
|
|
|
|
6243497 |
4.33 |
|
|
21248015 |
14.73 |
|
|
1477398 |
1.02 |
|
|
32241 |
0.02 |
|
|
1444510 |
1.00 |
|
|
647 |
0.00 |
|
|
113692000 |
78.79 |
|
Total Public shareholding (B) |
113692000 |
78.79 |
|
Total (A)+(B) |
144292000 |
100.00 |
|
(C) Shares held by Custodians and against
which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
144292000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Recording, Selling and
Distribution of Audio Video CDs, Trading in Software and Hardware Products and
also Investment in Capital Market and Mutual Funds related activities. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit [30 Days, 60 Days and 90 Days] |
|
|
|
|
Purchasing : |
Cash and Credit [30 Days, 60 Days and 90 Days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
||||||||||||||
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Customers : |
End Users and OEMs
|
||||||||||||||
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|
||||||||||||||
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No. of Employees : |
500 (Approximately) |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
· Axis Bank Limited · Kotak Mahindra Bank Limited · HDFC Bank Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : [As on 31.03.2014] |
|
|
Name : |
Mehta Kothari and Associates Chartered Accountants |
|
Address : |
134, Great Western Building, 2nd Floor, N. M. Road, Fort,
Mumbai - 400023, Maharashtra, India |
|
|
|
|
Company under same
management : [As on 31.03.2014] |
JMD Sounds Limited |
|
|
|
|
Subsidiary Company
: [As on 31.03.2014] |
JMD Broadcasting Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 144.292 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000,000 |
Equity Shares |
Re. 1/- each |
Rs. 150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72,146,000 |
Equity Shares |
Re. 1/- each |
Rs. 72.146 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 |
144.292 |
72.146 |
72.146 |
|
(b) Reserves & Surplus |
231.250 |
299.219 |
296.566 |
|
(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) |
375.542 |
371.365 |
368.712 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
1433.480 |
1270.424 |
765.733 |
|
(c)
Other current liabilities |
4.924 |
91.010 |
75.210 |
|
(d)
Short-term provisions |
10.119 |
7.666 |
7.491 |
|
Total
Current Liabilities (4) |
1448.523 |
1369.100 |
848.434 |
|
|
|
|
|
|
TOTAL |
1824.065 |
1740.465 |
1217.146 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
40.216 |
4.764 |
4.431 |
|
(ii)
Intangible Assets |
0.000 |
39.860 |
45.050 |
|
(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 |
0.000 |
102.968 |
143.329 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.511 |
0.610 |
|
(d) Long-term Loan
and Advances |
0.060 |
0.060 |
0.060 |
|
(e)
Other Non-current assets |
0.412 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
40.688 |
148.163 |
193.480 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
8.400 |
8.400 |
8.400 |
|
(b)
Inventories |
368.094 |
31.522 |
31.703 |
|
(c)
Trade receivables |
1096.773 |
1241.741 |
758.088 |
|
(d)
Cash and cash equivalents |
26.128 |
41.100 |
7.697 |
|
(e)
Short-term loans and advances |
283.982 |
269.539 |
217.778 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1783.377 |
1592.302 |
1023.666 |
|
|
|
|
|
|
TOTAL |
1824.065 |
1740.465 |
1217.146 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5021.441 |
3819.663 |
2497.297 |
|
|
|
Other Income |
11.454 |
11.252 |
13.932 |
|
|
|
TOTAL |
5032.895 |
3830.915 |
2511.229 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
-- |
3807.051 |
2482.901 |
|
|
|
Cost of Materials Consumed |
5004.696 |
-- |
-- |
|
|
|
Employees benefits expense |
1.883 |
2.328 |
2.802 |
|
|
|
Other expenses |
7.033 |
4.930 |
6.644 |
|
|
|
TOTAL |
5013.612 |
3814.309 |
2492.347 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.283 |
16.606 |
18.882 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.437 |
6.287 |
8.533 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
14.846 |
10.319 |
10.349 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.477 |
3.474 |
3.298 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.369 |
6.845 |
7.051 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.06 |
0.95 |
0.98 |
|
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 |
(14.567) |
6.868 |
QUARTERLY RESULTS
|
PARTICULARS |
30.06.2014 |
30.09.2014 |
31.12.2014 |
31.03.2015 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
4th
Quarter |
|
Net Sales |
1095.400 |
1396.900 |
960.060 |
1570.160 |
|
Total Expenditure |
1091.900 |
1394.500 |
955.690 |
1571.490 |
|
PBIDT (Excl OI) |
3.520 |
2.400 |
4.370 |
(1.330) |
|
Other Income |
1.130 |
1.500 |
4.000 |
3.700 |
|
Operating Profit |
4.650 |
3.900 |
8.370 |
2.370 |
|
Interest |
0.000 |
0.000 |
0.000 |
0.000 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
PBDT |
4.650 |
3.900 |
8.370 |
2.370 |
|
Depreciation |
1.100 |
1.100 |
1.100 |
1.100 |
|
Profit Before Tax |
3.550 |
2.800 |
7.270 |
1.230 |
|
Tax |
0.000 |
0.000 |
0.000 |
6.480 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
3.550 |
2.800 |
7.270 |
(52.500) |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
3.550 |
2.800 |
7.270 |
(52.500) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.17 |
0.18 |
0.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.81 |
0.63 |
0.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.16 |
1.21 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
STOCK
PRICES
|
Face Value |
Rs. 1.00/- |
|
|
|
|
Market Value |
Rs. 4.25/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
72.146 |
72.146 |
144.292 |
|
Reserves & Surplus |
296.566 |
299.219 |
231.250 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
368.712 |
371.365 |
375.542 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2497.297 |
3819.663 |
5021.441 |
|
|
|
52.952 |
31.463 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2497.297 |
3819.663 |
5021.441 |
|
Profit |
7.051 |
6.845 |
8.369 |
|
|
0.28% |
0.18% |
0.17% |
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 |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Jaisingh
Business Centre, Ground Floor, CTS No. 119, Parsiwada, Sahar Road, Andheri
(East), Mumbai – 400099, Maharashtra, India to the present address.
OVERALL PERFORMANCE AND OUTLOOK [AS ON 31.03.2014]
The Business environment remains extremely challenging and the continued
recessionary economic conditions leading to slowdown in demand and inflation
pushed scale up of input costs left its adverse imprint on overall performance
for 2013-2014. Gross Sales / Revenue were in line during the year in comparison
to last financial year but Profit Margin remained under pressure in spite of
significant increase in Turnover.
The Company based on its intrinsic strength, has broadly maintained its
performance. Gross income from operations remained satisfactory to an amount of
6.845 Million during the year in comparison to last years' Rs. income of
Rs.7.050 Million. The Company is in to the Business of Music recording, trading
of Imported Mobile Instruments and Accessories and Softwares as well as
investment activities Capital Market. The outlook for the current year is
expected to be challenging mainly due to sluggish economy. However, the Company
expects to grow despite the adverse environment due to its commitment to
clients of the Company.
FIXED ASSETS:
TANGIBLE ASSETS
· Furniture and Fixtures
· Vehicles (Owned)
· Office Equipment
· Studio Equipment
· Investment in Property
INTANGIBLE ASSETS
· Brands/Trademarks
· 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. 64.03 |
|
|
1 |
Rs. 99.27 |
|
Euro |
1 |
Rs. 71.90 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.