MIRA INFORM REPORT
|
Report No. : |
342635 |
|
Report Date : |
28.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEDIACOM COMMUNICATIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
349, Business Point, Western Express Highway, Andheri (East), Mumbai –
400069, Maharashtra |
|
Tel. No.: |
91-22-66401500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.06.2008 |
|
|
|
|
Com. Reg. No.: |
11-184065 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2008PTC184065 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM34617C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM6252N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is act as an advertising agencies and providing complete
range of services in advertising and publicity. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated on 27th June, 2008. It has
moderate track record. The rating reflects its decent financial risk profile marked by decent
networth, zero debt and good profitability. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitments. The company can be considered for normal 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 DENIED
Management Non-Cooperative (Tel No.: 91-22-66401500/42448888)
LOCATIONS
|
Registered Office : |
349, Business Point, Western Express Highway, Andheri (East), Mumbai –
400069, Maharashtra, India |
|
Tel. No.: |
91-22-66401500 |
|
Fax No.: |
91-22-66750414 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate/ Head Office : |
201, 2nd Floor, Kamala Executive Park, B Cross Road,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-42448888 |
|
Fax No.: |
91-22-42448700 |
|
Location : |
Rented |
|
|
|
|
Branch Office : |
Located at: · New Delhi · Bangalore |
DIRECTORS
As on 24.11.2014
|
Name : |
Mr. Sam Baman Balsara |
|
Designation : |
Director |
|
Address : |
47, Malcolm Baug, Jogeshwari (West), Mumbai – 400102, Maharashtra,
India |
|
Date of Birth/Age : |
12.01.1951 |
|
Date of Appointment : |
27.06.2008 |
|
DIN No.: |
00076942 |
|
|
|
|
Name : |
Ms. Lara Sam Balsara |
|
Designation : |
Director |
|
Address : |
47, Malcolm Baug, Jogeshwari (West), Mumbai – 400102, Maharashtra,
India |
|
Date of Birth/Age : |
11.02.1981 |
|
Date of Appointment : |
27.06.2008 |
|
DIN No.: |
00089327 |
|
|
|
|
Name : |
Mr. Soli Bomanji Balsara |
|
Designation : |
Director |
|
Address : |
47, Malcolm Baug, Jogeshwari (West), Mumbai – 400102, Maharashtra,
India |
|
Date of Birth/Age : |
02.05.1940 |
|
Date of Appointment : |
14.11.2009 |
|
DIN No.: |
00606586 |
|
|
|
|
Name : |
Mr. Nadaraja Kanniappan |
|
Designation : |
Alternate Director |
|
Address : |
U2 32 |
|
Date of Birth/Age : |
16.08.1961 |
|
Date of Appointment : |
26.11.2009 |
|
DIN No.: |
02435133 |
|
|
|
|
Name : |
Mr. Stephen David Allan |
|
Designation : |
Director |
|
Address : |
2 Spaniards Close, Hampstead, |
|
Date of Birth/Age : |
26.06.1963 |
|
Date of Appointment : |
14.11.2009 |
|
DIN No.: |
02807004 |
|
|
|
|
Name : |
Mr. Mark Robert Heap |
|
Designation : |
Additional Director |
|
Address : |
3b Clacton Road, Singapore, 4939400 |
|
Date of Birth/Age : |
19.03.1974 |
|
Date of Appointment : |
28.11.2013 |
|
DIN No.: |
07156536 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.11.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Sam Baman Balsara |
|
5000 |
|
Lara Sam Balsara |
|
5000 |
|
Sam Baman Balsara Homai Sam Balsara |
|
212805 |
|
Homai Sam Balsara Sam Baman Balsara |
|
31875 |
|
Soli Bomanji Balsara |
|
320 |
|
|
|
245000 |
|
|
|
|
|
Total |
|
500000 |
Equity Share Break up (Percentage of Total Equity)
As on 24.11.2014
|
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 |
49.00 |
|
Directors or relatives of Directors |
51.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is act as a advertising agencies and providing complete
range of services in advertising and publicity. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
Indiabulls Finance Centre, Torer 3, 27th-32nd
FR., Senapati Bapat Marg, Elphinstone Road (West), Mumbai – 400013,
Maharashtra, India |
|
Tel. No.: |
91-022-61854000 |
|
Fax No.: |
91-022-61854501/4601 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 24.11.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
255.561 |
158.344 |
132.199 |
|
(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) |
260.561 |
163.344 |
137.199 |
|
|
|
|
|
|
(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 |
13.379 |
12.971 |
14.745 |
|
Total
Non-current Liabilities (3) |
13.379 |
12.971 |
14.745 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
1692.162 |
1403.814 |
1164.452 |
|
(c) Other current liabilities |
8.283 |
16.154 |
33.909 |
|
(d) Short-term provisions |
1.317 |
50.546 |
9.453 |
|
Total
Current Liabilities (4) |
1701.762 |
1470.514 |
1207.814 |
|
|
|
|
|
|
TOTAL |
1975.702 |
1646.829 |
1359.758 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12.860 |
11.636 |
19.278 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
9.764 |
7.382 |
5.364 |
|
(d) Long-term Loan and Advances |
423.759 |
320.819 |
169.283 |
|
(e) Other Non-current assets |
8.554 |
2.782 |
8.458 |
|
Total
Non-Current Assets |
454.937 |
342.619 |
202.383 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
879.144 |
964.726 |
1102.091 |
|
(d) Cash and cash equivalents |
600.814 |
313.478 |
8.338 |
|
(e) Short-term loans and
advances |
12.691 |
16.445 |
40.748 |
|
(f) Other current assets |
28.116 |
9.561 |
6.198 |
|
Total
Current Assets |
1520.765 |
1304.210 |
1157.375 |
|
|
|
|
|
|
TOTAL |
1975.702 |
1646.829 |
1359.758 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
436.448 |
374.976 |
356.213 |
|
|
Other Income |
27.484 |
19.486 |
12.475 |
|
|
TOTAL
|
463.932 |
394.462 |
368.688 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
|
170.396 |
150.111 |
|
|
Other expenses |
101.819 |
107.736 |
|
|
|
TOTAL |
311.098 (Including
Financial and Depreciation) |
272.215 |
257.847 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
122.247 |
110.841 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
0.057 |
0.318 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
122.190 |
110.523 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
|
11.075 |
13.413 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
152.834 |
111.115 |
97.110 |
|
|
|
|
|
|
|
Less |
TAX |
55.617 |
35.249 |
38.729 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
97.217 |
75.866 |
58.381 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
144.918 |
126.362 |
82.536 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
Nil |
7.587 |
5.838 |
|
|
Proposed Dividend |
Nil |
42.500 |
7.500 |
|
|
Dividend Distribution Tax |
Nil |
7.223 |
1.217 |
|
|
Total
|
Nil |
57.310 |
14.555 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
242.135 |
144.918 |
126.362 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
194.434 |
151.73 |
116.76 |
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 |
337.007 |
(96.742) |
|
Net cash flow from operating activity |
NA |
337.007 |
(96.742) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
22.27 |
20.23 |
16.39 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
35.04 |
32.60 |
31.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.77 |
6.78 |
7.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.59 |
0.68 |
0.71 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89 |
0.89 |
0.96 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
132.199 |
158.344 |
255.561 |
|
Net
worth |
137.199 |
163.344 |
260.561 |
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
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 |
356.213 |
374.976 |
436.448 |
|
|
|
5.267 |
16.394 |
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 |
356.213 |
374.976 |
436.448 |
|
Profit |
58.381 |
75.866 |
97.217 |
|
|
16.39% |
20.23% |
22.27% |
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 |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
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 |
No |
|
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:
|
Case Details |
||||||||
|
Bench:- Bombay |
||||||||
|
Presentation Date:- |
16/.07/2015 |
|||||||
|
Lodging No.:- |
RAL/714/2015 |
Filing Date:- |
16/07/2015 |
Reg. No.:- |
RA/714/2015 |
Reg. Date:- |
16/07/2015 |
|
|
Main Matter |
||||||||
|
Lodging No.:- |
SL/1201/2014 |
Reg No.:- |
S/677/2015 |
|||||
|
|
||||||||
|
Petitioner:- |
MULTI COMMODITY EXCHANGE OF INDIA |
Respondent:- |
MEDIACOM COMMUNICATION PRIVATE LIMITED |
|||||
|
Petn.Adv:- |
JAYAKAR & PARTNERS (0) |
|||||||
|
District:- |
MUMBAI |
|||||||
|
Bench:- |
SINGLE |
|||||||
|
Status:- |
Pre-Admission |
|||||||
|
|
|
|||||||
|
Act :- |
Code of Civil Procedure 1908 |
|||||||
Review of
Operations:
During the year, the company has earned a net profit of Rs.97.217 Million
as against a net profit of Rs.95.866 Million in the previous year.
INDEX
OF CHARGES
No Charges Exist for Company
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.66.09 |
|
|
1 |
Rs.100.88 |
|
Euro |
1 |
Rs.73.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.