MIRA INFORM REPORT
|
Report No. : |
341532 |
|
Report Date : |
21.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
JAGATI PUBLICATIONS LIMITED (w.e.f. 12.01.2009) |
|
|
|
|
Formerly Known
As : |
JAGATI PUBLICATIONS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
6-3-249/1, Sakshi Towers, Banjara Hills, Road No.1, Hyderabad –
500034, Telangana |
|
Tel. No.: |
91-40-23303829 / 23256000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.11.2006 |
|
|
|
|
Com. Reg. No.: |
36-051651 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1065.585 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22212TG2006PLC051651 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ7667G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the business of printing and publication of newspapers in India. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 25000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Jagati Publication Limited operates as daily newspaper publisher. The
company also provides news through Internet and operates a television
channel. The company was incorporated in 2006 and is based in Hyderabad, India.
It has satisfactory track record. The company has incurred a losses from its operation since 2012.
However, the company is operating on its owned funds. The company possesses a
strong networth base along with ample liquidity. Trade relations are fair. Business is active. Payment terms are
reported to be slow but 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.
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
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A4+ |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
31.10.2014 |
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Kishor |
|
Designation : |
Finance Department |
|
Contact No.: |
91-40-23303829 |
|
Date : |
19.09.2015 |
LOCATIONS
|
Registered / Head Office : |
6-3-249/1, Sakshi Towers, Road No: 1,
Banjara Hills, Hyderabad – 500 034, Telangana, India |
|
Tel. No.: |
91-40-23303829 / 23256000 |
|
Fax No.: |
91-40-23305113 / 23305113 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
8-2-120/86/3, Plot No.G1, Krishna Sindhu Residency, Road No.3, Banjara Hills, Hyderabad – 500 034, Telangana, India |
|
|
|
|
Branches : |
Located At :
|
DIRECTORS
As on 25.09.2014
|
Name : |
Mr. Yerramreddy Eswara Prasada Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No. 424, Road 78, Jubilee Hills, |
|
Date of Birth/Age : |
26.09.1957 |
|
Date of Appointment : |
21.06.2007 |
|
DIN No.: |
01600777 |
|
|
|
|
Name : |
Mrs. Yeduguri Sandinti Bharathi Reddy |
|
Designation : |
Chairman |
|
Address : |
Plot.No.3, Huda Heights, Lotus pond Residency, Road.No.12,
Banjara Hills, Hyderabad – 500034, Andhra Pradesh, India |
|
Date of Birth/Age : |
09.12.1973 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
01580536 |
|
|
|
|
Name : |
Mr. Sajjala Ramakrishna Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
H.No.7-56/322 to 324 Prashanti Hills, Raiding Navkhaisa, Seriingampallt Hyderabad - 500008, Andhra Pradesh, India |
|
Date of Birth/Age : |
16.06.1958 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
00155903 |
|
|
|
|
Name : |
Mr. Kalva Raja Prasad Reddy |
|
Designation : |
Whole Time Director |
|
Address : |
1-1503, Aparna Sarovar Kanche Gatchibowli, Gopannapally, R.R. District, Hyderabad – 500046, Andhra Pradesh, India |
|
Date of Birth/Age : |
12.09.1956 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
01686981 |
|
|
|
|
Name : |
Mr. Paladugu Venkata Krishna Prasad |
|
Designation : |
Whole Time Director |
|
Address : |
94, Eshwar Vilas, Nizampet, Quthubulapur, Ranga Reddy – 500072, |
|
Date of Birth/Age : |
04.01.1965 |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
01920182 |
|
|
|
|
Name : |
Mr. Vemireddy Sreedhar Reddy |
|
Designation : |
Director |
|
Address : |
4-1-1236/9, King Koti Road, Abids, Hyderabad – 500001, Andhra Pradesh,
India |
|
Date of Birth/Age : |
31.05.1959 |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
01659685 |
|
|
|
|
Name : |
Mr. Amtur Narayan Prakash Rao |
|
Designation : |
Director |
|
Address : |
No.410, VBHS, 7th Main, 9th Cross, Behind IIM,
Bangergatta Road, Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
12.06.1947 |
|
Date of Appointment : |
23.09.2010 |
|
DIN No.: |
02076365 |
|
|
|
|
Name : |
Kondubhatla Ramachandra Murthy |
|
Designation : |
Whole-Time Director |
|
Address : |
6-1-117/118/B-001, Padmarao Nagar, Secunderabad, 500025, Andhra Pradesh, India |
|
Date of Birth/Age : |
15.04.1948 |
|
Date of Appointment : |
06.09.2014 |
|
DIN No.: |
00178647 |
KEY EXECUTIVES
|
Name : |
Mr. Kishor |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
Category |
Percentage |
|
Bodies corporate |
97.62 |
|
Directors or relatives of Directors |
0.01 |
|
Other top fifty shareholders |
2.37 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of printing and publication of newspapers in India. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
|
Name : |
IVS and Associates Chartered Accountants |
|
Address : |
8-2-248/B/5, Plot No. 10, Journalist Colony, Road No.3, Banjara Hills,
|
|
Tel. No.: |
91-40-23359977 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFI3395Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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Ultimate Holding
Company : |
Sandur Power Company Limited |
|
|
|
|
Holding Company : |
Carmel Asia Holdings Private Limited |
|
|
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|
Subsidiary Company
: |
Indira Television Limited (extent of holding – 82.88 %) |
|
|
|
|
Enterprises with
whom the Company has transacted where key management personnel exercise
significant influence |
|
CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 1200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
106,558,481 |
Equity Shares |
Rs.10/- each |
Rs. 1065.585
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 |
1065.585 |
1061.418 |
1061.418 |
|
(b) Reserves & Surplus |
7639.746 |
7552.637 |
7889.108 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.012 |
|
Total Shareholders’
Funds (1) + (2) |
8705.331 |
8614.055 |
8950.538 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
24.600 |
64.028 |
8.119 |
|
Total Non-current
Liabilities (3) |
24.600 |
64.028 |
8.119 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
77.000 |
0.000 |
|
(b) Trade
payables |
117.725 |
77.063 |
144.779 |
|
(c) Other
current liabilities |
332.158 |
266.389 |
251.274 |
|
(d) Short-term
provisions |
54.917 |
0.723 |
0.660 |
|
Total Current
Liabilities (4) |
504.800 |
421.175 |
396.713 |
|
|
|
|
|
|
TOTAL |
9234.731 |
9099.258 |
9355.370 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2728.237 |
2857.096 |
3014.008 |
|
(ii)
Intangible Assets |
29.033 |
39.770 |
14.666 |
|
(iii)
Capital work-in-progress |
58.183 |
61.971 |
8.249 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1826.669 |
1724.669 |
1656.069 |
|
(c) Deferred tax assets (net) |
369.789 |
278.980 |
198.979 |
|
(d) Long-term Loan and Advances |
569.568 |
536.978 |
478.172 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5581.479 |
5499.464 |
5370.143 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
603.660 |
578.700 |
1232.758 |
|
(c) Trade
receivables |
1244.690 |
1224.118 |
1167.343 |
|
(d) Cash
and cash equivalents |
1479.619 |
1561.593 |
1382.476 |
|
(e) Short-term
loans and advances |
322.180 |
227.759 |
201.659 |
|
(f) Other
current assets |
3.103 |
7.624 |
0.991 |
|
Total
Current Assets |
3653.252 |
3599.794 |
3985.227 |
|
|
|
|
|
|
TOTAL |
9234.731 |
9099.258 |
9355.370 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4207.233 |
3857.543 |
3839.917 |
|
|
|
Other Income |
99.330 |
90.583 |
176.150 |
|
|
|
TOTAL (A) |
4306.563 |
3948.126 |
4016.067 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2419.947 |
2456.792 |
2534.838 |
|
|
|
Employees benefits expense |
715.904 |
310.704 |
68.632 |
|
|
|
Other expenses |
1100.196 |
1375.515 |
1609.306 |
|
|
|
TOTAL (B) |
4236.047 |
4143.011 |
4212.776 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
70.516 |
(194.885) |
(196.709) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
18.660 |
19.603 |
23.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
51.856 |
(214.488) |
(220.098) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
201.378 |
201.984 |
220.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX (E-F) (G) |
(149.522 |
(416.472) |
(440.187) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(90.810 |
(80.001 |
(68.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(58.712) |
(336.471) |
(372.051) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.55) |
3.17 |
(3.51) |
|
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 flows from (used in) operation |
(63.516) |
237.173 |
(640.825) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(1.40) |
(8.72) |
(9.69) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.68 |
(5.05) |
(5.12) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.14) |
(5.92) |
(5.88) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
(0.05) |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.24 |
8.55 |
10.05 |
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 |
1061.418 |
1061.418 |
1065.585 |
|
Reserves & Surplus |
7889.108 |
7552.637 |
7639.746 |
|
Share Application money pending allotment |
0.012 |
0.000 |
0.000 |
|
Net
worth |
8950.538 |
8614.055 |
8705.331 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
77.000 |
0.000 |
|
Total
borrowings |
0.000 |
77.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.009 |
0.000 |
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 |
3839.917 |
3857.543 |
4207.233 |
|
|
|
0.459 |
9.065 |
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 |
3839.917 |
3857.543 |
4207.233 |
|
Profit/ (Loss) |
(372.051) |
(336.471) |
(58.712) |
|
|
(9.69%) |
(8.72%) |
(1.40%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
No |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
0.000 |
77.000 |
|
Total |
0.000 |
77.000 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10084046 |
22/08/2009 * |
950,000,000.00 |
ORIENTAL BANK OF COMMERCE |
PLOT NO.52, ROAD NO.5,, JUBILEE HILLS, HYDERABAD, |
A69740389 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and machinery
- Furniture and fixture
- Vehicle
- Computer
- Office equipment
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.66.29 |
|
|
1 |
Rs.101.88 |
|
Euro |
1 |
Rs.73.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.