MIRA INFORM REPORT

 

 

Report No. :

339071

Report Date :

04.09.2015

           

IDENTIFICATION DETAILS

 

Name :

CARNIVAL FILMS ENTERTAINMENT PRIVATE LIMITED

 

 

Formerly Known As :

HDIL ENTERTAINMENT PRIVATE LIMITED

 

 

Registered Office :

801, 8th Floor, A Wing, Express Zone Mall, Western Express Highway, Near Patel Vanika, Goregaon (East), Mumbai - 400063, Maharashtra

Tel. No.:

91-22-67886100/ 67889000

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

09.08.2007

 

 

Com. Reg. No.:

11-172998

 

 

Capital Investment / Paid-up Capital :

Rs. 250.000 Million

 

 

CIN No.:

[Company Identification No.]

U92100MH2007PTC172998

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMH10892A

 

 

PAN No.:

[Permanent Account No.]

AABCH9348E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject main business is operation of Multiplexes and also carries on the business of Exhibition of Films.

 

 

No. of Employees :

64 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (41)

 

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 a subsidiary of Housing Development and Infrastructure Limited, it was established during the year 2007. It has satisfactory track record.

 

In the financial year 2014, the company has healthy operational activity marked by decent sales turnover but it has incurred some losses.

 

Further the rating derives the company’s healthy financial risk profile backed by strong networth position along with negligible borrowings.

 

Trade relations are reported as fair. Business is active. Payment terms are slow but correct.

 

In view of healthy financial risk profile, 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.

 

 

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 (GENERAL DETAILS)

 

Name :

Ms. Vinita Shedge

Designation :

Accountant

Contact No.:

91-9664805893

Date :

01.09.2015

 

 

LOCATIONS

 

Registered/ Corporate Office :

801, 8th Floor, A Wing, Express Zone Mall, Western Express Highway, Near Patel Vanika, Goregaon (East), Mumbai - 400063, Maharashtra, India

Tel. No.:

91-22-67886100/ 67889000

Mobile No.:

91-9664805893 (Ms. Vinita Shedge)

Fax No.:

91-22-67889080

E-Mail :

darshan.majmudar@hdil.in

vinita.shedge@carnivalcinemas.in

sanjiv.singh@groupcarnival.com

Website :

https://www.carnivalcinemas.in

 

 

DIRECTORS

 

AS ON 02.07.2014

 

Name :

Mr. Sunil Puthan Veettil

Designation :

Director

Address :

3 Villa No 3, Elysium Gardens Kaloor, Ernakulam Kochi (M Corp.), Ernakulam - 682017, Kerala, India

Date of Appointment :

10.08.2015

DIN No.:

06529060

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74140MP2011PTC025185

GLOBAL BUSINESS CONEXXTIONS PRIVATE LIMITED

Additional director

02-04-2013

02-04-2013

01-04-2015

Active

NO

2

U92100MP2012PTC027484

CARNIVAL FILMS PRIVATE LIMITED

Director

30-09-2013

16-04-2013

-

Active

NO

3

U92100MP2012PTC029525

D CARNIVAL RECREATION PRIVATE LIMITED

Director

20-08-2015

17-04-2013

-

Active

NO

4

U63030DL2009PTC194268

PARALLEL INTELLIGENT TRANSPORTATION PRIVATE LIMITED

Additional director

20-08-2013

20-08-2013

-

Active

NO

5

U80904MP2013NPL031932

CARNIVAL EDUTECH FOUNDATIONS

Director

11-12-2013

11-12-2013

-

Active

NO

6

U74120MP2013PTC031985

VAARTHA NEWS NETWORK PRIVATE LIMITED

Director

23-12-2013

23-12-2013

-

Active

NO

7

U92100MH2007PTC172998

CARNIVAL FILMS ENTERTAINMENT PRIVATE LIMITED

Director

10-08-2015

02-07-2014

-

Active

NO

8

U74994DL2008PTC173043

STARGAZE ENTERTAINMENT PRIVATE LIMITED

Additional director

23-04-2015

23-04-2015

-

Active

NO

9

U70200MH2010PTC204622

LEELA LACE INFO PARK PRIVATE LIMITED

Additional director

12-08-2015

12-08-2015

-

Active

NO

 

 

Name :

Mr. Dinesh Arcot Chelvaraj

Designation :

Director

Address :

Raheja Heights, Flat No. 1202, Building No C, Film City Road, Genakvadya Marg, Malad [East], Mumbai - 400097, Maharashtra, India

Date of Appointment :

10.08.2015

DIN No.:

06869847

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65990MH1996PTC098250

CARNIVAL SOFT PRIVATE LIMITED

Director

25-08-2014

15-05-2014

12-08-2015

Active

NO

2

U80904MP2013NPL031932

CARNIVAL EDUTECH FOUNDATIONS

Director

20-08-2015

29-06-2014

-

Active

NO

3

U51109MP2009PTC022634

ASIAN BUSINESS CONNECTIONS PRIVATE LIMITED

Director

30-06-2014

30-06-2014

-

Active

NO

4

U92100MH2007PTC172998

CARNIVAL FILMS ENTERTAINMENT PRIVATE LIMITED

Director

10-08-2015

02-07-2014

-

Active

NO

5

U92412MH2011PTC212510

ABC ENTERTAINMENT PRIVATE LIMITED

Director

02-07-2014

02-07-2014

-

Active

NO

6

U52599MP2013PTC030247

PANASIA COMMODITY TRADING PRIVATE LIMITED

Additional director

18-08-2014

18-08-2014

11-05-2015

Active

NO

7

U45400MP2014PTC033079

CARNIVAL INFRAVENTURES PRIVATE LIMITED

Director

21-08-2014

21-08-2014

-

Active

NO

8

U05121MH2004PTC199195

ADVANTAGE OVERSEAS PRIVATE LIMITED

Additional director

01-04-2015

01-04-2015

-

Active

NO

9

U74994DL2008PTC173043

STARGAZE ENTERTAINMENT PRIVATE LIMITED

Additional director

23-04-2015

23-04-2015

-

Active

NO

10

U74900MH2015PTC265602

GBC MOTORACCESS PRIVATE LIMITED

Director

15-06-2015

15-06-2015

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Ms. Vinita Shedge

Designation :

Accountant

 

 

Name :

Mr. Mukesh Gupta

Designation :

Chief Executive Officer

Date of Birth/Age :

51 Years

Qualification :

Diploma in Hotel Management

Experience :

20 Years

Date of Appointment :

04.09.2007

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 02.07.2014

 

Names of Shareholders

 

No. of Shares

 

Housing Development and Infrastructure Limited, India

 

24999900

Rakesh Kumar Wadhawan Nominee of Housing Development and Infrastructure Limited, India

 

100

 

 

 

Total

 

 

25000000

 

 

AS ON 02.07.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

100.00

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject main business is operation of Multiplexes and also carries on the business of Exhibition of Films.

 

 

Brand Names :

"Kulraj Broadway"

 

 

Agencies Held :

--

 

 

Exports :

--

 

 

Imports :

--

 

 

Terms :

 

Selling :

Cash

 

 

Purchasing :

Cash

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Others

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

64 (Approximately)

 

 

Bankers :

Bank Name:

Axis Bank Limited

Branch:

Dindoshi, Goregaon, Mumbai, Maharashtra, 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 A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

--

 

Banking Relations :

--

 

 

Financial Institution :

IDBI Trusteeship Services Limited

 

 

Auditors :

 

Name :

Thar and Company

Chartered Accountants

Address :

203, Capri Anant, Kanekar Marg, Bandra [East], Mumbai – 400051, Maharashtra, India

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

AAIFT4416F

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Holding company :

Housing Development and Infrastructure Limited [L70100MH1996PLC101379]

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25,000,000

Equity Shares

Rs. 10/- each

Rs. 250.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

25,000,000

Equity Shares

Rs. 10/- each

Rs. 250.000 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

250.000

250.000

100.000

(b) Reserves & Surplus

240.594

248.184

(52.107)

(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)

490.594

498.184

47.893

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

13.705

25.827

444.727

(b) Deferred tax liabilities (Net)

19.683

15.197

10.200

(c) Other long term liabilities

0.000

0.000

0.000

(d) long-term provisions

1.082

0.992

0.909

Total Non-current Liabilities (3)

34.470

42.016

455.836

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

49.162

48.823

46.309

(c) Other current liabilities

500.288

436.988

66.095

(d) Short-term provisions

0.055

0.045

0.122

Total Current Liabilities (4)

549.505

485.856

112.526

 

 

 

 

TOTAL

1074.569

1026.056

616.255

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

444.102

475.068

511.309

(ii) Intangible Assets

8.655

8.676

9.077

(iii) Capital work-in-progress

55.729

4.060

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

2.650

2.500

2.500

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

54.080

72.556

33.854

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

565.216

562.860

556.740

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

4.492

2.876

1.871

(c) Trade receivables

24.123

56.400

41.818

(d) Cash and cash equivalents

5.729

8.487

8.364

(e) Short-term loans and advances

475.009

395.433

7.462

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

509.353

463.196

59.515

 

 

 

 

TOTAL

1074.569

1026.056

616.255

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

GROSS SALES AND OTHER RECEIPTS

377.362

478.786

305.771

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

32.098

49.493

(114.597)

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

35.203

43.155

30.940

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

(3.105)

6.338

(145.537)

 

 

 

 

 

Less

TAX                                                                 

4.485

4.997

4.131

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

(7.590)

1.341

(149.668)

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

(219.806)

(221.147)

(71.479)

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

(227.396)

(219.806)

(221.147)

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

(0.30)

0.05

(5.99)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

NA

NA

NA

 

 

 

 

Cash generated from operations

NA

NA

NA

 

 

 

 

Net Cash flow from (used in) Operations

65.405

(19.350)

(330.541)

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(0.31)

0.62

(23.71)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

(0.01)

0.01

(3.04)

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.03

0.05

9.29

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.93

0.95

0.53

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particulars

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

100.000

250.000

250.000

Reserves & Surplus

-52.107

248.184

240.594

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

47.893

498.184

490.594

 

 

 

 

Long-term borrowings

444.727

25.827

13.705

Short term borrowings

0.000

0.000

0.000

Total borrowings

444.727

25.827

13.705

Debt/Equity ratio

9.286

0.052

0.028

 

 

 

 

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)

Gross Sales and Other Receipts

305.771

478.786

377.362

 

 

56.583

-21.184

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Gross Sales and Other Receipts

305.771

478.786

377.362

Profit/ (Loss)

(149.668)

1.341

(7.590)

 

(48.95%)

0.28%

(2.01%)

 

 

 

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

No

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

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10587597

31/07/2015

4,330,000,000.00

IDBI TRUSTEESHIP SERVICES LIMITED

ASIAN BUILDING, GROUND FLOOR, 17, R KAMANI MARG, 
BALLARD ESTATE, MUMBAI, MAHARASHTRA - 400001, INDIA

C62404751

2

10371194

23/06/2014 *

242,000,000.00

DEWAN HOUSING FINANCE CORPORATION LIMITED

WARDEN HOUSE 2ND FLOORSIR P M ROAD, FORT, MUMBAI, 
MAHARASHTRA - 400001, INDIA

C09976655

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Loans and advances from related parties

13.705

25.827

 

 

 

Total

 

13.705

25.827

 

 

NATURE OF BUSINESS AND FUTURE PLANS

 

The Company carries on the business of exhibition of films under the brand name "Kulraj Broadway". It has following verticals of business:

 

i) Exhibitions (Multiplex)

 

Around Twenty Three Lacs patrons were proudly entertained by "Kulraj Broadway" during the year 2013-2014. In the fiscal year 2014-15 they plan to start operations of 4 Multiplexes scaling-up their total screen count to 33. Each of these multiplexes is at various stages of fit out / regulatory approvals. All of them are located at strategic locations in the respective cities making "Kulraj Broadway" a key player in the exhibition industry. "Kulraj Broadway" will continue to follow its expansion plan and seek to generate measured growth over the next year and beyond. They expect higher revenues in each business as most of the planned business will be operational by early next year.

 

ii) Restaurants

 

Company intends to explore opportunities in the Food and Beverage industry by bringing two major international franchisees in Mumbai and other Metropolitan cities in India."

 

iii) Mall Management

 

The Company has ceased to carry on Mall Management activities of "The Dreams Mall" at Bhandup, as it is not it's core activity.


FIXED ASSETS:

 

·         Land

·         Plant and equipment

·         Other plant and equipment

·         Furniture and fixtures

·         Office equipment

·         Computer equipments

·         Other equipments

·         Brands and trade marks

·         Computer software

·         Copyrights, patents and other operating rights

 

 

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 records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

Indian Rupees

US Dollar

1

Rs. 66.16

UK Pound

1

Rs. 101.22

Euro

1

Rs. 74.61

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

TRI

 

 

Report Prepared by :

BVA

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

6

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

4

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

41

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

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

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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

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