MIRA INFORM REPORT
|
Report No. : |
310603 |
|
Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
TIMES INNOVATIVE MEDIA LIMITED (w.e.f. 15.03.2007) |
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|
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Formerly Known
As : |
TIMES INNOVATIVE MEDIA PRIVATE LIMITED |
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Registered
Office : |
4th Floor, 'A' Wing, Matulya Mills Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.10.2005 |
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Com. Reg. No.: |
11-157078 |
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Capital
Investment / Paid-up Capital : |
Rs.383.492 Million |
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CIN No.: [Company Identification
No.] |
U99999MH2005PLC157078 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT12686C |
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PAN No.: [Permanent Account No.] |
AACCT3354P |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The principal activity of the Company is Outdoor Media Advertising Business. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The company has reported decent profitability during financial year
2013-14. Financial position seems to be sound. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company 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
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (Tel No.: 91-22-67536983)
LOCATIONS
|
Registered Office : |
4th Floor, 'A' Wing, Matulya Mills Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-30988112 / 67536983 |
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Fax No.: |
Not Available |
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E-Mail : |
navneet.kataria@timesgroup.com |
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Website : |
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Corporate Office : |
FC 6, Film City Sector 16A, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-6637000 / 6636000 / 6636718 |
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Brach Offices : |
Located At:
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DIRECTORS
As on 12.08.2014
|
Name : |
Mr. Narayanan Kumar |
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Designation : |
Director |
|
Address : |
1 George Avenue, Chennai - 600018, Tamilnadu, India |
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Date of Birth/Age : |
28.01.1950 |
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Qualification
: |
Electronics and Communications Engineer |
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Date of Appointment : |
31.03.2006 |
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DIN No.: |
00007848 |
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Name : |
Mr. Sivakumar Sundaram |
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Designation : |
Director |
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Address : |
2402-B Wing, Lodha Bellissimo,, Apollo Mills Compound, N. M. Joshi
Marg, Mahalaxmi, Mumbai - 400011, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1966 |
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Qualification
: |
FICWA and FCA |
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Date of Appointment : |
27.10.2005 |
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DIN No.: |
00105562 |
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Name : |
Mr. Nikhil Shah |
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Designation : |
Director |
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Address : |
12th Floor, Everest Co-Op Hsg.Soc., 164, Hill Road, Bandra (West),
Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1978 |
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Qualification
: |
Bachelor of Science in Economics with Concentrations in Finance and Management |
|
Date of Appointment : |
30.04.2012 |
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DIN No.: |
01599734 |
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Name : |
Mr. Subramanian Narayanan |
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Designation : |
Additional Director |
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Address : |
Flat No. 706, 7th Floor, Krushal Towers, 'C' Wing, Next To Shopper's
Stop, Ghatkopar (East), Mumbai - 400089, Maharashtra, India |
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Date of Birth/Age : |
12.08.1967 |
|
Date of Appointment : |
12.08.2014 |
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DIN No.: |
03083775 |
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Name : |
Mr. Niladri Mukhopadhyay |
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Designation : |
Director |
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Address : |
Flat A 20/F, One Wan Chai, No 1, Wan Chai Road, Hong Kong, 999999,
Hong Kong |
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Date of Birth/Age : |
28.12.1979 |
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Date of Appointment : |
23.05.2014 |
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DIN No.: |
06734203 |
KEY EXECUTIVES
|
Name : |
Mr. Navneet Singh Kuldeep Singh Kataria |
|
Designation : |
Secretary |
|
Address : |
Lemon Street-09, Malibu Towne, Sohna Road, Gurgaon- 122018, Gurgaon -
122018, Haryana, India |
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Date of Birth/Age : |
28.08.1987 |
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Date of Appointment : |
23.05.2014 |
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PAN No.: |
BTHPK3264R |
MAJOR SHAREHOLDERS
As on 12.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bennett, Coleman and Company Limited (BCCL), India |
|
31999995 |
|
A. P. Parigi jointly with BCCL |
|
1 |
|
S. Sivakumar jointly with BCCL |
|
1 |
|
Prashant Pandav jointly with BCCL |
|
1 |
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Ravindra Dhariwal jointly with BCCL |
|
1 |
|
N. Subrammian jointlv with BCCL |
|
1 |
|
GS Strategic Investments Limited, Mauritius |
|
3174604 |
|
LB India Holdings Mauritius II Limited, Mauritius |
|
3174604 |
|
Total |
|
38349208 |
Equity Share Break up (Percentage of Total Equity)
As on 12.08.2014
|
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 |
16.56 |
|
Bodies corporate |
83.44 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The principal activity of the Company is Outdoor Media Advertising Business. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT APPLICABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
The Hongkong and Shanghai Banking Corporation of India, 52
/ 60 Mahatma Gandhi Road, Fort, Mumbai – 400001, Maharashtra, India |
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Facilities : |
-- |
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Auditors : |
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Name : |
Price Waterhouse and Company Chartered Accountants |
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Address : |
5Th Floor Tower D, The Mellenia 1 and 2, Murphy Road, Ulsoor, Bangalore, Karnataka, India |
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PAN No.: |
AADFP9359C |
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
CIN No.: U22120MH1913PLC000391 |
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Subsidiary Company
: |
CIN No.: U74999DL2010PTC203419 |
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Fellow Subsidiary
Companies : |
CIN No.: U74999DL1999PLC135531
CIN No.: U32109MH1986PLC168454
CIN No.: U92100DL2005PLC173555
CIN No.: U92190MH2007PLC175549
CIN No.: L92140MH1999PLC120516
CIN No.: U74300MH2008PLC184669
CIN No.: U65990MH1983PLC029209
CIN No.: U22121KA2006PLC062825
CIN No.: U22120MH2003PTC142239 |
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Other Related
Parties : |
CIN No.: U70102MH2010PLC211087 ** Formerly known as Artha Properties |
CAPITAL STRUCTURE
As on 12.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs.400.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38349208 |
Equity Shares |
Rs.10/- each |
Rs.383.492 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 |
383.492 |
383.492 |
383.493 |
|
(b) Reserves & Surplus |
628.263 |
516.272 |
516.315 |
|
(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) |
1,011.755 |
899.764 |
899.808 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
700.000 |
0.000 |
647.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
5.895 |
2.767 |
0.000 |
|
(d) long-term
provisions |
11.658 |
9.818 |
8.452 |
|
Total Non-current
Liabilities (3) |
717.553 |
12.585 |
655.452 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
485.779 |
344.204 |
262.341 |
|
(c) Other
current liabilities |
33.021 |
692.490 |
52.408 |
|
(d) Short-term
provisions |
41.696 |
38.883 |
38.274 |
|
Total Current
Liabilities (4) |
560.496 |
1,075.577 |
353.023 |
|
|
|
|
|
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TOTAL |
2,289.804 |
1,987.926 |
1,908.283 |
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
535.296 |
505.681 |
552.587 |
|
(ii)
Intangible Assets |
0.756 |
0.078 |
0.000 |
|
(iii)
Capital work-in-progress |
12.935 |
3.299 |
3.299 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
92.595 |
92.595 |
100.200 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
645.066 |
172.644 |
302.275 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1,286.648 |
774.297 |
958.361 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
190.000 |
305.881 |
200.230 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
541.212 |
485.536 |
474.499 |
|
(d) Cash
and cash equivalents |
72.110 |
140.047 |
109.365 |
|
(e)
Short-term loans and advances |
160.883 |
243.298 |
165.694 |
|
(f) Other
current assets |
38.951 |
38.867 |
0.134 |
|
Total Current
Assets |
1,003.156 |
1,213.629 |
949.922 |
|
|
|
|
|
|
TOTAL |
2,289.804 |
1,987.926 |
1,908.283 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
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SALES |
|
|
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||
|
|
|
Income |
2,035.290 |
1,531.237 |
1,641.315 |
|
|
|
|
Other Income |
101.293 |
78.481 |
75.057 |
|
|
|
|
TOTAL (A) |
2,136.583 |
1,609.718 |
1,716.372 |
|
|
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Less |
EXPENSES |
|
|
|
||
|
|
|
Employee Benefits Expenses |
191.924 |
161.327 |
149.973 |
|
|
|
|
Expenditure on production, transportation and other expenditure pertaining to E&P activities |
1,463.006 |
1,176.672 |
1,186.225 |
|
|
|
|
Other Expenses |
241.793 |
153.247 |
93.256 |
|
|
|
|
TOTAL (B) |
1,896.723 |
1,491.246 |
1,429.454 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
239.860 |
118.472 |
286.918 |
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|
|
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|
Less |
FINANCIAL
EXPENSES (D) |
56.217 |
52.370 |
56.966 |
||
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|
|
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||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
183.643 |
66.102 |
229.952 |
||
|
|
|
|
|
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||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
71.652 |
66.144 |
94.704 |
||
|
|
|
|
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||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G)
|
111.991 |
(0.042) |
135.248 |
||
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|
Less |
TAX (H) |
0.000 |
0.000 |
0.703 |
||
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|
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|
|
||
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
111.991 |
(0.042) |
134.545 |
||
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1407.378) |
(1407.336) |
(1541.881) |
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||
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|
BALANCE CARRIED
TO THE B/S |
(1295.387) |
(1407.378) |
(1407.336) |
||
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Sale of Services |
3.356 |
10.823 |
2.234 |
|
|
|
TOTAL EARNINGS |
3.356 |
10.823 |
2.234 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.92 |
0.00 |
3.51 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.50 |
0.00 |
8.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
11.79 |
7.74 |
17.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.13 |
0.00 |
7.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.00 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.69 |
0.00 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79 |
1.13 |
2.69 |
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 |
383.493 |
383.492 |
383.492 |
|
Reserves & Surplus |
516.315 |
516.272 |
628.263 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
899.808 |
899.764 |
1011.755 |
|
|
|
|
|
|
Long Term borrowings |
647.000 |
0.000 |
700.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
647.000 |
0.000 |
700.000 |
|
Debt/Equity
ratio |
0.719 |
0.000 |
0.692 |
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 |
1,641.315 |
1,531.237 |
2,035.290 |
|
|
|
(6.707) |
32.918 |
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
|
1,641.315 |
1,531.237 |
2,035.290 |
|
Profit |
134.545 |
(0.042) |
111.991 |
|
|
8.20% |
0.00% |
5.50% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Million
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
0.000 |
647.000 |
0.000 |
|
Total |
0.000 |
647.000 |
0.000 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
LITIGATION DETAILS
|
Case Details |
||||||||||
|
Bench:- Bombay |
||||||||||
|
Lodging
No.:- |
CAL/366/2011 |
Filing
Date:- |
29/07/2011 |
Reg. No.:- |
CA/352/2011 |
Reg.
Date:- |
09/08/2011 |
|||
|
Main Matter |
||||||||||
|
Lodging
No.:- |
CPL/395/2010 |
Reg No.:- |
CP/16/2011 |
|||||||
|
|
||||||||||
|
Petitioner:- |
NAAPTOL ONLINE SHOPPING PRIVATE LIMITED |
Respondent:- |
TIMES INNOVATIVE MEDIA LIMITED |
|||||||
|
Petn.Adv:- |
NISHITH DESAI ASSOCIATES –A (0) |
|
|
|||||||
|
District:- |
MUMBAI |
|||||||||
|
Bench:- |
SINGLE |
|||||||||
|
Status:- |
Pre-Admission |
Category:- |
COMPANY APPLN. FOR SETTING ASIDE/RECALLING/MODIFICATION OF ORDER |
|||||||
|
Next
Date:- |
17/04/2015 |
Stage:- |
FOR AD-INTERIM RELIEF [ORIGINAL SIDE MATTERS] |
|||||||
|
Coram:- |
ACCORDING TO SITTING LIST |
|||||||||
|
Act :- |
Companies Act & Rules 1956 |
|||||||||
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from others |
700.000 |
0.000 |
|
Total |
700.000 |
0.000 |
GENERAL
INFORMATION
The Company was incorporated in India on October 26, 2005. The principal activity of the Company is Outdoor Media Advertising Business.
STRATEGIC
INITIATIVES
During the financial year, various strategic initiatives led to jump in revenues. TIML continued to drive occupancy at the cost of pricing to yield positive revenues (overall occupancy rose from 61% in FY12-13 to 65% in FY13-14). The Green shoots identified (Govt. business, Fashion and Lifestyle and International business) also gave impetus to the revenues (Green shoots revenues jumped from Rs.135.500 Million in FY12-13 to Rs.278.000 Million in FY13-14). The jump is Government business was highest among green shoots (Rs.44.400 Million in FY12-13 to Rs.162.600 Million in FY13-14).
OPERATIONS
During the financial year, the OOH industry grew by 5.9% to reach 1930 Cr., whereas, TIML strengthened its leadership position and increased market share to reach 23.1% and continue to maintain its leadership position across market. TIML also strengthened its market share in transit, street furniture and billboard segments as well.
NO CHARGES EXIST FOR
COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.61.84 |
|
|
1 |
Rs.95.34 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.