MIRA INFORM REPORT

 

 

Report No. :

339534

Report Date :

03.09.2015

 

 IDENTIFICATION DETAILS

 

Name :

GTPL HATHWAY PRIVATE LIMITED (w.e.f.06.05.2013)

 

 

Formerly Known As :

GUJARAT TELE LINK PRIVATE LIMITED

 

 

Registered Office :

202, Sahajanand Shopping Center, Opposite Swaminarayan Mandir, Shahibaug, Ahmedabad – 380004, Gujarat

Tel. No.:

91-79-25626476/77

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

21.08.2006

 

 

Com. Reg. No.:

04-048908

 

 

Capital Investment / Paid-up Capital :

Rs. 20.000 Million

 

 

CIN No.:

[Company Identification No.]

U64204GJ2006PTC048908

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AACCG6676M

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The Company is engaged in the business of rendering cable distribution, providing internet services under ISP license, and other value added services.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Good 

 

 

Payment Behavior :

Regular

 

 

Litigation :

Exist

 

 

Comments :

GTPL HATWAY PRIVATE LIMITED (GTPL) was incorporated in December 2006. In FY-08, Hathway bought 50% stake in GTPL. Hathway is promoted by the Mumbai based Raheja Group. Subject is well-established company having fine track record.

 

The rating on GTPL reflects healthy business risk profile marked by healthy growth in sales and reserves marked by strong financial risk profile marked by a comfortable capital structure and healthy debt protection metrics.

 

Rating further drive strength from established track record, wide network coverage and healthy accretion to reserves and equity infusion by its promoters.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be regular and as per commitments. 

 

The company can be considered good for normal business dealing 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

CRISIL

Rating

Long Term Bank Facilities = A-

Rating Explanation

Adequate degree of safety and low credit risk.

Date

February, 2015

 

Rating Agency Name

CRISIL

Rating

Short Term Bank Facilities = A2+

Rating Explanation

Strong degree of safety and low credit risk.

Date

February, 2015

 

 

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

 

MANAGEMENT NON-COOPERATIVE

 

CONTACT NO. 91-79-27507461

 

LOCATIONS

 

Registered Office :

202, Sahajanand Shopping Center, Opposite Swaminarayan Mandir, Shahibaug, Ahmedabad – 380004, Gujarat, India

Tel. No.:

91-79-25626476/77

Fax No.:

91-79-30280335/44

E-Mail :

cs@gtpl.net

jayanta@gtpl.net

Website :

http://www.grpl.net

 

 

Branch :

Located at :

 

  • Ahmedabad
  • Baroda
  • Indore
  • Kolkata
  • Nagpur
  • Pune
  • Patna
  • Ranchi
  • Surat
  • Vishakhapatnam

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Kanaksinh Bhurubha Rana

Designation :

Director

Address :

B-7, Nand Bungm B/H Noble Sch.,, Krishna Nagar,, Ahmedabad - 382346, Gujarat, India

Date of Birth/Age :

17.03.1969

Date of Appointment :

21.08.2006

PAN No:

ABKPR8971Q

DIN No.:

00366445

 

 

Name :

Mr. Aniruddhasinhji Nogubha Jadeja

Designation :

Managing Director

Address :

8/A , Kamal Colony, Nr. Darshan Society, Navrangpura, Ahmedabad - 380009, Gujarat, India

Date of Birth/Age :

27.12.1971

Date of Appointment :

21.08.2006

PAN No:

ABHPJ8931H

DIN No.:

00461390

 

 

Name :

Parul Anirudhsinh Jadeja

Designation :

Director

Address :

8/A, Kamal Colony, Nr Samdev Hospital, Nr Standium Circle Navrangpura, Ahmedabad - 380009, Gujarat, India

Date of Birth/Age :

22.12.1970

Date of Appointment :

24.11.2008

PAN No:

AFOPB1705N

DIN No.:

02410284

 

 

Name :

Rohinton Soli Dadyburjor

Designation :

Director

Address :

801, Coover Villa,, Parsi Colony, Dadar, Mumbai - 400014, Maharashtra, India

Date of Birth/Age :

03.06.1963

Date of Appointment :

12.08.2009

DIN No.:

00207865

 

 

Name :

Amit Jayantilal Shah

Designation :

Director

Address :

Shriji Krupa, Desai Sheri, Ghadiali Pole, Vadodara - 390012, Gujarat, India

Date of Birth/Age :

19.11.1967

Date of Appointment :

12.08.2009

DIN No.:

02450422

 

 

Name :

Jagdish Kumar Govinda Pillai

Designation :

Nominee Director

Address :

701, Odessey 1, Hiranandani Gardens,, Powai, Mumbai - 400076, Maharashtra, India

Date of Birth/Age :

18.01.1962

Date of Appointment :

30.01.2013

DIN No.:

00036481

 

 

Name :

Ajay Singh

Designation :

Nominee Director

Address :

17/16, Ashoka Road, Shipra Suncity,, Indirapuram,, Ghaziabad - 201010, Uttar Pradesh, India

Date of Appointment :

28.11.2014

DIN No.:

06899567

 

 

Name :

Devendra Shrotri

Designation :

Director

Address :

1 A Aashiyana Complex, South Civil Lines, Jabalpur - 482001, Madhya Pradesh, India

Date of Birth/Age :

29.05.1972

Date of Appointment :

20.01.2010

DIN No.:

02780296

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Aniruddhsinh N  Jedeja

 

350750

Kanaksinh B Rana

 

125000

Amit Shah

 

25250

Gujarat Digi Com Private Limited, India

 

499000

Hathway Cable Datacom Limited, India

 

1000000

Total

 

2000000

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Category

Percentage

Bodies corporate

74.95

Directors or relatives of Directors

25.05

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

The Company is engaged in the business of rendering cable distribution, providing internet services under ISP license, and other value added services.

 

 

Products :

Item Code No.

Product Description

99532523

Telecommunication

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

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

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management  

 

 

Bankers :

Bank Name

Axis Bank Limited

Branch

Trishul 3rd Floor Opposite  Samartheshwar Temple, Law Garden Ellis bridge, Ahmedabad - 380006,

Gujarat, 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

 

  • Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India

 

  • Dhanlaxmi Bank Limited, Dhanalakshmi Bank Buildingnaickanal, Naickanal, Trichur - 680001, Kerala, India

 

  • HDFC Bank Limited, 402, 4th Floor, Broadway Business Center, Opposite., Samarteshwar Mahadev Temple, Law Garden, Ellisbridge, Ahmedabad - 380006, Gujarat, India

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Rupee term loans from banks

473.685

285.881

Long-term maturities of finance lease obligations

(Corporate guarantee of Hathway Cable and Datacom Limited. In favor of CISCO Systems Capital (India) Private Ltd)

594.815

560.591

Loans taken for fixed assets

1.280

1.807

Other loans and advances, others

417.200

97.659

Short-term borrowings

 

 

Working capital loans from banks

150.000

0.000

Loans repayable on demand from banks

218.473

241.684

 

 

 

Total

1855.453

1187.622

 

Financial Institutions.

ICICI Home Finance Company Limited, ICICI Bank Towers, Bandra-Kurla, Complex,, Mumbai - 400051, Maharashtra, India

 

Auditors :

 

Name :

J. B. Shah and Company

Chartered Accountants

Address :

302, A/B, Satkal Complex, Opposite IFCI Bhavan, B/H. Lal Bunglow, C. G. Road, Navrangpura, Ahmedabad – 380009, Gujarat, India

PAN No.:

ADBPS7222C

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary Companies:
  • GTPL Kutch Network Private Limited
  • GTPL Solanki Cablenetwork Private Limited
  • GTPL Surat Telelink Private Limited
  • GTPL Zigma Vision Private Limited
  • GTPL SK Network Private Limited
  • GTPL Video Badshah Private Limited
  • GTPL Anjali Cable Network Private Limited
  • GTPL City Channel Private Limited
  • GTPL SMC Network Private Limited
  • GTPL JAY Mataji Network Private Limited
  • GTPL Space City Private Limited
  • GTPL Link Network Private Limited
  • GTPL VVC Network Private Limited
  • GTPL Insight Channel Network Private Limited
  • GTPL Vidarbha Tele Link Private Limited
  • GTPL Parshwa Cable Network Private Limited
  • GTPL Vision Services Private Limited
  • GTPL Narmada Cyberzone Private Limited
  • GTPL Blue Bell Network Private Limited
  • GTPL Shivshakti Network Private Limited
  • GTPL Dahod Television Network Private Limited
  • GTPL Kolkata Cable & Broad Band Pariseva Limited
  • GTPL Sorath Telelink Private Limited
  • GTPL Jay Santoshima Network Private Limited
  • GTPL Shiv Network Private Limited
  • GTPL Ahmedabad Cable Network Private Limited
  • GTPL Sharda Cable Network Private Limited
  • Dl GTPL Cabnet Private Limited
  • GTPL V & S Cable Private Limited
  • GTPL Video Vision Private Limited

 

 

Enterprises which are owned, or have significant influence of or are partners with Key management personnel and their relatives :
  • Hathway Cable and Datacom Limited
  • Gujarat Television Private Limited
  • Gujarat Digi Com Private Limited

 

 

Joint venture :
  • GTPL Khambhat Cable Network
  • GTPL Valsad Network
  • GTPL S P Enterprise
  • GTPL World View Cable
  • GTPL Raj World Vision
  • GTPL Rajwadi CHANNEL
  • GTPL Omnet
  • Airlink Communication
  • GTPL Anil Cable
  • GTPL Baria Cable Network
  • GTPL Ashok Cable
  • GTPL Ganesh Communication
  • GTPL Gujarat Television
  • GTPL H K Cable – Baroda
  • GTPL Jaydeep Cable
  • GTPL Krishna Cable
  • GTPL Krishna  Cable Services
  • GTPL Sagar Cable
  • GTPL Sai Cable
  • GTPL Shiv Cable
  • GTPL Shree Sai Cable
  • GTPL Shree Shani Network
  • GTPL Rainbow Video Vision
  • GTPL Rainbow Multi Channel
  • GTPL M Channel
  • GTPL Kal Cable
  • GTPL Aj
  • GTPL Vraj Cable
  • GTPL Pooja Cable
  • GTPL Pearl Communication
  • GTPL World Vision – Ambaji
  • GTPL Atul Cable
  • GTPL Ma Bhagwati Cable
  • GTPL Renuka
  • GTPL Shiv Network -  Bilimora
  • GTPL Hamidali Cable
  • GTPL Narmada Cable Services
  • GTPL Sky World Vision
  • GTPL Jyoti Cable
  • GTPL Leo Vision
  • GTPL Sainath World Vision
  • GTPL Star Line Cable Network
  • GTPL Buldana City Cable Network
  • GTPL Hariom World Vision
  • GTPL Henish Cable
  • GTPL Henish Cable
  • GTPL Khushboo Video Channel
  • GTPL Sanjiv Cable Vision
  • GTPL Shiv Vision
  • GTPL Space Vision
  • GTPL Chaudhary Vision
  • GTPL Siddhi Digital Services
  • GTPL City Cable – Visavadar
  • Sri Raghav G GTPL
  • GTPL Rajwadi Network Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5,000,000

Equity Shares

Rs.10/- each

Rs.50.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2,000,000

Equity Shares

Rs.10/- each

Rs.20.000 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

20.000

16.930

14.850

(b) Reserves & Surplus

3079.293

2395.696

1847.339

(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)

3099.293

2412.626

1862.189

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

1793.796

1322.592

631.190

(b) Deferred tax liabilities (Net)

197.715

96.768

86.902

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

12.779

6.294

5.900

Total Non-current Liabilities (3)

2004.290

1425.654

723.992

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

534.608

411.342

189.492

(b) Trade payables

580.360

512.444

557.679

(c) Other current liabilities

2124.773

1068.016

827.058

(d) Short-term provisions

27.832

16.375

13.299

Total Current Liabilities (4)

3267.573

2008.177

1587.528

 

 

 

 

TOTAL

8371.156

5846.457

4173.709

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

3842.374

2091.355

1241.672

(ii) Intangible Assets

556.779

512.873

522.752

(iii) Capital work-in-progress

118.615

148.554

35.732

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1049.321

936.234

939.554

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

188.535

140.685

10.387

(e) Other Non-current assets

23.740

63.305

54.105

Total Non-Current Assets

5779.364

3893.006

2804.202

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

1.571

1.844

5.857

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

1682.920

825.304

655.825

(d) Cash and cash equivalents

325.386

344.781

186.235

(e) Short-term loans and advances

476.162

415.594

394.195

(f) Other current assets

105.753

365.928

127.395

Total Current Assets

2591.792

1953.451

1369.507

 

 

 

 

TOTAL

8371.156

5846.457

4173.709

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

4448.632

3419.058

2821.029

 

Other Income

20.185

10.842

13.569

 

TOTAL

4468.817

3429.900

2834.598

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Operating Expenses

2469.332

2002.179

1770.731

 

Employees benefits expense

334.995

227.246

180.231

 

Other expenses

372.054

353.166

280.409

 

TOTAL

3176.381

2582.591

2231.371

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

1292.436

847.309

603.227

 

 

 

 

 

Less

FINANCIAL EXPENSES

317.380

161.113

100.503

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

975.056

686.196

502.724

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

513.653

229.792

158.038

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

461.402

456.404

344.686

 

 

 

 

 

Less

TAX

158.486

165.967

114.656

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

302.916

290.437

230.030

 

 

 

 

 

 

IMPORTS

 

 

 

 

Capital Goods

19.858

 NA

 NA

 

TOTAL IMPORTS

19.858

 NA

 NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 151.46

 145.22

--

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current maturities of long term debt

202.224

135.477

138.159

Cash Generated From Operating Activities

1739.838

704.688

606.851

Net Cash Generated From in Operating Activities

1596.812

548.777

512.051

Net cash flows from (used in) operations

1481.489

556.218

383.581

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

6.81

8.49

8.15

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

29.05

24.78

21.38

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

6.41

9.58

10.78

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.15

0.19

0.19

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.82

0.77

0.51

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.79

0.97

0.86

 

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

14.850

16.930

20.000

Reserves & Surplus

1847.339

2395.696

3079.293

Share Application money pending allotment

0.000

0.000

0.000

Net worth

1862.189

2412.626

3099.293

 

 

 

 

long-term borrowings

631.190

1322.592

1793.796

Short term borrowings

189.492

411.342

534.608

Current maturities of long term debt

138.159

135.477

202.224

Total borrowings

958.841

1869.411

2530.628

Debt/Equity ratio

0.515

0.775

0.817

 

 

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

2821.029

3419.058

4448.632

 

 

21.199

30.113

 

 

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

2821.029

3419.058

4448.632

Profit

230.030

290.437

302.916

 

8.15%

8.49%

6.81%

 

 

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

No

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

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

Yes

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

 

 

HIGH COURT OF GUJARAT

 

SPECIAL CIVIL APPLICATION No. 1997 of 2014

Status : PENDING

( Converted from : C/ST/1972/2014 )

CCIN No : 001021201401997

 

 

Last Listing Date:

03/09/2015

Coram

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL

·         HONOURABLE MR.JUSTICE N.V.ANJARIA

S.NO.

Name of the Petitioner

Advocate On Record

1

AHMEDABAD CABLE OPERATOR WELFARE AND CHARITABLE TRUST (GUJARAT)

TANNA ASSOCIATES for: Petitioner(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

 

S.NO.

Name of the Respondant

Advocate On Record

1
2
3
4

UNION OF INDIA
TELECOM REGULATORY AUTHORITY OF INDIA (TRAI)
GTPL HATHWAY PVT LTD - MSO
INDUSIND MEDIA AND COMMUNICATIONS LTD - MSO

MR NIRZAR S DESAI for :Respondent(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1
RULE NOT RECD BACK for :Respondent(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1 - 4
RULE SERVED for :Respondent(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1 - 4
MR PS CHAMPANERI for :Respondent(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 2
NOTICE SERVED BY DS for :Respondent(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 3 - 4

 

 

Presented On

: 04/02/2014

Registered On

: 05/02/2014

Bench Category

: -

District

: AHMEDABAD

Case Originated From

: THROUGH HIS/HER/THEIR ADVOCATE

Listed

: 34 times

StageName

: FOR FINAL HEARING

 

Classification

·         DB - VIRUS CHALLENGED - VIRUS CHALLENGED - CONSTITUTION OF INDIA - CENTRAL ACT / STATE ACT / RULE / STATUTORY NOTIFICATION / REGULATIONS

Act

·         Telecom Regulatory Authority of India Act, 1997 (24 of 1997)

 

 

Office Details

 

S. No.

Filing Date

Document Name

Advocate Name

Court Fee on Document

Document Details

1

04/02/2014

ADVANCE COPY OF PETITION

MR IH SYED ADVOCATE
for RESPONDENT(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

MR IH SYED(2321) for R:1

2

04/02/2014

VAKALATNAMA

TANNA ASSOCIATES ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

5

TANNA ASSOCIATES(1410) for P:1

3

04/02/2014

MEMO OF PETITION/APPEAL/SUIT

TANNA ASSOCIATES ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

100

TANNA ASSOCIATES(1410), for P:1

4

12/02/2014

AFFIDAVIT OF DS

TANNA ASSOCIATES ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

TANNA ASSOCIATES(1410) for P:1

5

13/02/2014

DRAFT AMENDMENT

TANNA ASSOCIATES ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

TANNA ASSOCIATES(1410) for P:1

6

23/07/2014

APPEARANCE NOTE

MR DEVANG VYAS ADVOCATE
for RESPONDENT(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

MR DEVANG VYAS(2794) for R:1

7

14/11/2014

AFFIDAVIT OF DS

TANNA ASSOCIATES ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

TANNA ASSOCIATES(1410) for P:1

8

01/12/2014

VAKALATNAMA

MR PS CHAMPANERI ADVOCATE
for RESPONDENT(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 2

5

MR PS CHAMPANERI(214) for R:2

9

23/12/2014

DRAFT AMENDMENT

TANNA ASSOCIATES ADVOCATE
for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

TANNA ASSOCIATES(1410) for P:1

10

20/01/2015

APPEARANCE NOTE

MR SHAKEEL A QURESHI ADVOCATE
for RESPONDENT(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

MR SHAKEEL A QURESHI(1077) for R:1

11

04/05/2015

APPEARANCE NOTE

MR NIRZAR S DESAI ADVOCATE
for RESPONDENT(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

MR NIRZAR S DESAI(2117) for R:1

 

 

Court Proceedings

 

S. No.

Notified Date

CourtCode

Board Sr. No.

Stage

Action

Coram

1

11/02/2014

1

37

FOR REGULAR ADMISSION

FIXED NOTICE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

2

13/02/2014

1

155

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

3

20/02/2014

1

155

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

4

20/03/2014

1

202

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

5

27/03/2014

1

167

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

6

11/04/2014

1

86

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

7

25/04/2014

1

128

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

8

20/06/2014

1

66

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

9

30/06/2014

1

64

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

10

07/07/2014

1

68

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

11

14/07/2014

1

62

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

12

21/07/2014

1

73

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

13

28/07/2014

1

92

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

14

05/08/2014

1

72

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

15

08/08/2014

1

120

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

16

21/08/2014

7

90

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE AKIL KURESHI and HONOURABLE MR.JUSTICE J.B.PARDIWALA

17

08/09/2014

7

17

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE MR.JUSTICE AKIL KURESHI 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

18

29/09/2014

7

14

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE MR.JUSTICE AKIL KURESHI 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

19

17/11/2014

1

39

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE AKIL KURESHI and HONOURABLE MR.JUSTICE ANANT S. DAVE and HONOURABLE MR.JUSTICE MOHINDER PAL and HONOURABLE MR.JUSTICE J.B.PARDIWALA and HONOURABLE MR.JUSTICE G.B.SHAH and HONOURABLE MR.JUSTICE R.P.DHOLARIA

20

01/12/2014

1

40

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

21

02/12/2014

1

26

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

22

05/12/2014

1

2

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

23

20/01/2015

1

52

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

24

23/02/2015

1

31

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

25

11/03/2015

1

20

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

26

15/04/2015

1

31

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

27

30/04/2015

3

-

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

28

01/05/2015

3

7

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL 

·         HONOURABLE MR.JUSTICE G.B.SHAH

29

04/05/2015

3

7

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL 

·         HONOURABLE MR.JUSTICE G.B.SHAH

30

05/05/2015

3

10

NOTICE & ADJOURNED MATTERS

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL 

·         HONOURABLE MR.JUSTICE G.B.SHAH

31

16/07/2015

2

43

FOR FINAL HEARING

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL 

·         HONOURABLE MR.JUSTICE RAJESH H.SHUKLA and HONOURABLE MR.JUSTICE G.B.SHAH

32

04/08/2015

2

6

FOR FINAL HEARING

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL 

·         HONOURABLE MR.JUSTICE RAJESH H.SHUKLA

33

19/08/2015

1

39

FOR FINAL HEARING

NEXT DATE

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL 

·         HONOURABLE MR.JUSTICE RAJESH H.SHUKLA and HONOURABLE MR.JUSTICE N.V.ANJARIA

34

03/09/2015

1

46

FOR FINAL HEARING

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL 

·         HONOURABLE MR.JUSTICE N.V.ANJARIA

 

 

Available Orders

 

S. No.

Case Details

Judge Name

Order Date

CAV

Judgement

Questions

Transferred

1

SPECIAL CIVIL APPLICATION/1997/2014

·         HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

11/02/2014

N

ORDER

-

Y

2

SPECIAL CIVIL APPLICATION/1997/2014

·         HONOURABLE MR.JUSTICE AKIL KURESHI 

·         HONOURABLE MR.JUSTICE J.B.PARDIWALA

29/09/2014

N

ORDER

-

Y

3

SPECIAL CIVIL APPLICATION/14128/2013

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

05/12/2014

N

ORDER

-

Y

4

SPECIAL CIVIL APPLICATION/14128/2013

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

20/01/2015

N

ORDER

-

Y

5

SPECIAL CIVIL APPLICATION/14128/2013

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

23/02/2015

N

ORDER

-

Y

6

SPECIAL CIVIL APPLICATION/14128/2013

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

11/03/2015

N

ORDER

-

Y

7

SPECIAL CIVIL APPLICATION/14128/2013

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI 

·         HONOURABLE MR.JUSTICE R.P.DHOLARIA

15/04/2015

N

ORDER

-

Y

8

SPECIAL CIVIL APPLICATION/14128/2013

·         HONOURABLE THE ACTING CHIEF JUSTICE MR. JAYANT PATEL 

·         HONOURABLE MR.JUSTICE G.B.SHAH

05/05/2015

N

ORDER

-

Y

 

 

 

 

 

 

UNSECURED LOAN

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Deferred Payment Liabilities

165.739

157.710

Loans and advances from Corporate Bodies

141.077

218.944

Short-term borrowings

 

 

Deferred payment Indian sources

165.394

148.310

Loans and advances from related parties

0.740

21.348

Total

472.950

546.312

Long-term Borrowings

Foreign Currency Loan - Deferred Payment Liabilities from Fujian Newland Communication Science Technology Co. Ltd. China amounting to Rs. 331.133 Million (Rs. 306.020 Million), of which Rs. 165.739 Million (Rs. 157.710 Million) has been classified as long term borrowing from deferred payment liabilities and Rs. 165.394 Million (Rs. 148.310 Million) classified as current maturities with deferred payment liabilities of total deferred payment liabilities Term borrowing without security. The term of repayment of Deferred payment Liabilities is 2 years.

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10577363

14/05/2015

50,000,000.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI, 
MAHARASHTRA - 400001, INDIA

C57668709

2

10543257

24/12/2014 *

200,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. 
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 
400018, INDIA

C41357252

3

10489081

03/04/2014

150,000,000.00

YES BANK LIMITED

YES BANK LIMITED, DR. ANNIE BESANT ROAD, WORLI,, 
MUMBAI, MAHARASHTRA - 400018, INDIA

C03086261

4

10472677

31/12/2014 *

280,000,000.00

SBER BANK

UPPER GROUND FLOOR, GOPAL DASS BHAWAN,, 28, BARAK 
HAMBA ROAD, CONNAUGHT PLACE, NEW DELHI, DELHI - 11 
0001, INDIA

C41602186

5

10430016

18/05/2013

200,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. 
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 
400018, INDIA

B76674894

6

10402747

24/01/2013

100,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. 
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 
400018, INDIA

B67991133

7

10386315

19/10/2012

100,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. 
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 
400018, INDIA

B62036298

8

10367269

24/07/2012

100,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. 
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 
400018, INDIA

B44265825

9

10366772

29/06/2012

100,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. 
ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 
400018, INDIA

B44265494

10

10354884

05/09/2014 *

250,000,000.00

IDBI BANK LIMITED

IDBI COMPLEX MUNI. STAFF QUARTERS,, NR.LAL BUNGLO 
W, AHMEDABAD, GUJARAT - 380006, INDIA

C20464269

 

* Date of charge modification

 

CONTINGENT LIABILITIES:

 

PARTICULARS

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Corporate guarantee issued to CISCO Systems Capital (India) Private Limited. On behalf of Subsidiary company for 80,00,000 US $

652.141

434.280

Bank Guarantees issued to Government for Issue of Licenses.

2.100

2.100

 

 

OPERATIONS

 

The Operations during the year were satisfactory. The Company has earned Rs. 4448.632 Million as income from operations from Rs.3419.058 Million in the previous year. The operating profit for the year increased to Rs.1038.917 Million as against Rs. 456.404 Million in the previous year.

 

NATURE OF OPERATIONS

 

The Company is engaged in the business of rendering cable distribution, providing internet services under ISP license, and other value added services.

 

FIXED ASSETS

 

Tangible assets

 

  • Buildings
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer equipments

 

Intangible assets

 

  • Computer software
  • Licenses and franchise

              Franchise

 

 

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 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 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.66.16

UK Pound

1

Rs.101.22

Euro

1

Rs.74.61

 

 

INFORMATION DETAILS

 

Information Gathered by :

SPR

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SNT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

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

6

--LEVERAGE

1~10

6

--RESERVES

1~10

6

--CREDIT LINES

1~10

5

--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

 

50

 

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

 

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