MIRA INFORM REPORT
|
Report No. : |
342611 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MULTI SCREEN MEDIA PRIVATE LIMITED (w.e.f. 21.11.2007) |
|
|
|
|
Formerly Known
As : |
SET INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4th Floor, Interface, Building No.7, Off |
|
Tel. No.: |
91-22-67081111 |
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|
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Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
18.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-111487 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.91.390
Million |
|
|
|
|
IEC No.: |
0395043280 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92100MH1995PTC111487 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS19106D |
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|
|
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PAN No.: [Permanent Account No.] |
AABCS1728D FT001 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Providing Advertising, Promotions and Events Services. |
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|
|
|
No. of Employees
: |
50 (Approximately) |
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 |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Exists |
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|
|
Comments : |
Subject is an established company incorporated in the year 1995 having
satisfactory track. Turnover and profit of the company has continuously declined over
years. However net worth position of the company is strong. Overall financial
position of the company is sound. Trade relations are reported as fair. Business is active. Payments are
reported as usually correct and as per commitments. In view of long track record and acceptable financial base, the
company can be considered normal for business dealings at usual trade terms
and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION PARTED (GENERAL DETAILS)
|
Name : |
Mr. Bhavesh |
|
Designation : |
Assistant Manager Finance |
|
Contact No.: |
91-22-67081111 |
|
Date : |
23.09.2015 |
LOCATIONS
|
Registered/
Corporate Office : |
4th Floor, Interface Building No. 7, off Malad Link Road, Malad West,
Mumbai- 400064, Maharashtra, India |
|
Tel. No.: |
91-22-67081111 |
|
Fax No.: |
91-22-66434748 |
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E-Mail : |
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|
Website : |
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Head Office: |
3th Floor, Interface Building No. 7, off Malad Link Road, Malad West,
Mumbai- 400064, Maharashtra, India |
DIRECTORS
As on: 27.08.2014
|
Name : |
Mr. Andrew Jay Kaplan |
|
Designation : |
Director |
|
Address : |
13225 Old Oak Lane, Los Angeles, California 90049 USA |
|
Date of Birth/Age : |
02.11.1960 |
|
Date of Appointment : |
25.09.2003 |
|
Din No.: |
01532580 |
|
|
|
|
Name : |
Mr. George Chien |
|
Designation : |
Director |
|
Address : |
6440 West, |
|
Date of Birth/Age : |
09.07.1972 |
|
Date of Appointment : |
30.11.2010 |
|
Din No.: |
03101431 |
|
|
|
|
Name : |
Mr. Man Jit Singh |
|
Designation : |
Director |
|
Address : |
1050, Brooklawn Drive, Los Angeles, California, 90077 USA |
|
Date of Birth/Age : |
01.03.2014 |
|
Date of Appointment : |
27.12.1956 |
|
Din No.: |
01646045 |
KEY EXECUTIVES
|
Name : |
Mr. Bhavesh |
|
Designation : |
Assistant Manager Finance |
|
|
|
|
Name : |
Mr. Rajkumar Shyamlal Bidawatka |
|
Designation : |
Company Secretary |
|
Address : |
C 302, D Plot, Rock Avenue, Opposite Joy Ice-Cream, Near Hindustan
Naka, Kandivali West, Mumbai – 400067, Maharashtra, India |
|
Date of Birth/Age : |
10.05.1968 |
|
Date of Appointment : |
19.07.2007 |
|
PAN No.: |
AAIPB4224H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
SPE Mauritius Holdings Limited, |
|
4569289 |
|
SPE Mauritius investments Limited, Mauritius |
|
4569289 |
|
SPE Singapore Holdings, Inc |
|
1 |
|
Total |
|
9138579 |
As on: 27.08.2014
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Advertising, Promotions and Events Services. |
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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 : |
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Selling : |
Cash and Credit (30 Days) |
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Purchasing : |
Cash and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar, Mumbai – 400025,
Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP3641G |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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Shareholders having significant influence: |
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Subsidiaries : |
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Common Control Entities: |
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CAPITAL STRUCTURE
As on: 27.08.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9138579 |
Equity Shares |
Rs.10/- each |
Rs.91.385
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 |
91.390 |
91.390 |
91.390 |
|
(b) Reserves & Surplus |
14722.910 |
14379.600 |
13356.750 |
|
(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) |
14814.300 |
14470.990 |
13448.140 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10061.520 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
169.320 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
99.900 |
125.160 |
126.130 |
|
(d) long-term
provisions |
961.780 |
749.070 |
629.880 |
|
Total Non-current
Liabilities (3) |
11292.520 |
874.230 |
756.010 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
3710.870 |
0.000 |
0.000 |
|
(b) Trade payables |
4973.120 |
1036.870 |
2112.010 |
|
(c) Other current
liabilities |
1884.430 |
3415.800 |
2364.470 |
|
(d) Short-term
provisions |
613.470 |
15.020 |
51.450 |
|
Total Current
Liabilities (4) |
11181.890 |
4467.690 |
4527.930 |
|
|
|
|
|
|
TOTAL |
37288.710 |
19812.910 |
18732.080 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
330.900 |
283.590 |
246.720 |
|
(ii) Intangible Assets |
712.790 |
50.970 |
29.620 |
|
(iii) Capital
work-in-progress |
46.410 |
59.270 |
85.390 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
17.280 |
16277.700 |
8155.200 |
|
(c) Deferred tax assets (net) |
264.040 |
223.150 |
165.620 |
|
(d) Long-term Loan and Advances |
258.430 |
97.170 |
292.070 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1629.850 |
16991.850 |
8974.620 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8672.150 |
1.460 |
14.930 |
|
(c) Trade receivables |
5781.460 |
739.870 |
6581.670 |
|
(d) Cash and cash
equivalents |
1082.600 |
1262.390 |
869.290 |
|
(e) Short-term loans
and advances |
383.620 |
58.080 |
2207.370 |
|
(f) Other current
assets |
19739.030 |
759.260 |
84.200 |
|
Total Current Assets |
35658.860 |
2821.060 |
9757.460 |
|
|
|
|
|
|
TOTAL |
37288.710 |
19812.910 |
18732.080 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL INCOME |
6399.770 |
9657.660 |
15210.540 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1419.260 |
1875.160 |
2974.480 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
161.050 |
117.080 |
86.290 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1258.210 |
1758.080 |
2888.190 |
|
|
|
|
|
|
|
Less |
TAX |
482.150 |
735.230 |
1567.890 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
776.060 |
1022.850 |
1320.300 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4530.160 |
3507.310 |
2187.011 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5306.220 |
4530.160 |
3507.311 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
5957.800 |
8897.020 |
13227.260 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
84.92 |
111.93 |
144.48 |
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 operating activity |
(75.390) |
8654.480 |
1197.780 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
12.13 |
10.59 |
8.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.40 |
54.05 |
27.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.12 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.93 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.19 |
0.63 |
2.15 |
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 |
91.390 |
91.390 |
91.390 |
|
Reserves & Surplus |
13356.750 |
14379.600 |
14722.910 |
|
Net worth |
13448.140 |
14470.990 |
14814.300 |
|
long-term borrowings |
0.000 |
0.000 |
10061.520 |
|
Short term borrowings |
0.000 |
0.000 |
3710.870 |
|
Total borrowings |
0.000 |
0.000 |
13772.390 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.930 |
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) |
|
Turnover |
15210.540 |
9657.660 |
6399.770 |
|
|
|
(36.507) |
(33.734) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
15210.540 |
9657.660 |
6399.770 |
|
Profit |
1320.300 |
1022.850 |
776.060 |
|
|
8.68% |
10.59% |
12.13% |
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 |
Yes |
|
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 |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
Case Details |
||||||||
|
Bench:- Bombay |
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|
Presentation Date:- |
29/07/2013 |
|||||||
|
Lodging No.:- |
ITXAL/1220/2013 |
Filing Date:- |
29/07/2013 |
Reg. No.:- |
ITXA/2057/2013 |
Reg. Date:- |
22/10/2013 |
|
|
Petitioner:- |
COMMISSIONER OF INCOME TAX, CENTRAL |
Respondent:- |
MULTI SCREEN MEDIA PRIVATE LIMITED |
|||||
|
Petn.Adv:- |
A R Malhotra (l3164) |
Resp. Adv.: |
PDS LEGAL (826) |
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|
District:- |
MUMBAI |
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Bench:- |
DIVISION |
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Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
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|
Next Date:- |
26.10.2015 |
Stage:- |
FOR ADMISSION |
|||||
|
Coram:- |
HON’BLE SHRI JUSTICE M.S. SANKLECHA HON’BLE SHRI JUSTICE G.S. KULKARNI |
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|
Act :- |
Income Tax Act, 1961 |
Under Section 260A |
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GENERAL:
During its Nineteenth year of operations in the financial year 2013-14, the Company recorded a turnover of Rs. 6399.770 million as compared to Rs.9657.660 million during the previous year. Net profit after tax was Rs. 776.060 million for the year as against a net profit after tax of Rs.1022.850 million in the previous year
GENERAL INFORMATION
Multi Screen Media Private Limited (the 'Company') is engaged primarily in sourcing content for its subsidiary MSM Satellite(Singapore) Pte. Limited and undertakes activities ancilliary to this. It also acts as an agent of MSM Satellite (Singapore) Pte Limited, for which it is entitled to service fees.
As at March 31, 2014, Assets and liabilities of the broadcasting business of MSM Satellite (Singapore) Pte. Limited is taken over by the Company
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan from related party |
10061.520 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loan from Banks |
3710.870 |
0.000 |
|
|
|
|
|
Total |
13772.390 |
0.000 |
INDEX
OF CHARGES
NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(Rs. in million)
|
Particulars |
|
31.03.2014 Rs. In Million |
|
Guarantees issued on behalf of others |
|
170.000 |
|
Claims against the Company not acknowledge
as debts ** |
|
5550.570 |
|
Custom Duty Matters |
|
145.620 |
|
Income Tax Matters |
|
4969.050 |
|
Sales Tax Matters |
|
262.820 |
|
Service Tax Matters |
|
109.700 |
|
Total |
|
11207.830 |
Note:
Future cash flow in respect of above, if any, is determinable only on receipt of judgments/decisions pending with the relevant authorities.
***Includes Rs.2364.160 million (USD 39.47 million) pertaining to broadcasting business of MSM Satellite (Singapore) Private Limited transferred to the Company pursuant to Scheme of Demerger
*** Claims against the Company not acknowledged as debts includes the following –
***A claim of Rs.1000.000 million raised by Saregama Private Limited on the Company, Balaji Telefilms Private Limited and Others.
***A claim of Rs.1000.000 million raised by Speak Asia Private Limited on the Company, MSM Satellite Singapore Private Limited, Hats Off Productions Private Limited and Others.
***Legal Proceedings between MSM Satellite (Singapore)
Private Limited and World Sport Group (Mauritius) Limited
FIXED ASSETS
- Computer Software
- Leasehold Improvements
- Plant and Machinery
- Motor Vehicle
- Furniture and Fixture
- Office Equipment’s
- Computer
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 records 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.66.09 |
|
|
1 |
Rs.100.88 |
|
Euro |
1 |
Rs.73.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
4 |
|
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 |
|
|
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.