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|
MIRA INFORM REPORT
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Report No. : |
497757 |
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Report Date : |
16.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
MASHAL SPORTS PRIVATE LIMITED (w.e.f. 31.05.2012) |
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Formerly Known
As : |
AQUAMARINE PRODUCTIONS PRIVATE LIMITED (w.e.f. 13.10.2009) PILLAI INVESTMENTS PRIVATE LIMITED |
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Registered
Office : |
Star House, Urmi Estate, 95, Ganpatrao Kadam Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-66305555 |
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Country : |
India |
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Financials (as
on) : |
31.03.2016 |
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Date of
Incorporation : |
17.11.1994 |
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Com. Reg. No.: |
11-271363 (New) 55-062824 (Old) |
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Capital
Investment / Paid-up Capital : |
INR 0.228 Million |
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CIN No.: [Company Identification
No.] |
U92140MH1994PTC271363 (New) U93000DL1994PTC062824 (Old) |
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IEC No.: [Import-Export Code No.] |
Not Divulged |
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TIN No.: |
27691127824 |
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PAN No.: [Permanent Account No.] |
AAACP7961Q |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAACP7961Q1ZM |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company is principally engaged in the business of conducting, promoting and organizing sports (i.e. a sports management company). (Registered Activity) |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1994 and was originally known as “Pillai Investments Private Limited” and later in the year 2009 the name was changed to “Aquamarine Productions Private Limited” which was again changed to “Mashal Sports Private Limited” in the year 2012 and it is having a satisfactory track record. Subject acts as a subsidiary of “Vijay Television Private Limited”. For the financial year 2016, the company has achieved massive growth in its revenue as compared to its previous year along with fair profit margin during the year. Rating takes into consideration, the satisfactory financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operations backed by its well-experienced management team. However, these rating strength gets partially offset by intense competition faced by the company in media industry. Payments seems to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and conditions. Note: Management has failed to file its financials for the year 2017 with Registrar of Companies. |
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
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 16.03.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DECLINED
Management non-cooperative (Tel No.: 91-22-6630555)
(Tel No.:
91-22-41215100/ Mobile No.: 91-8041276001 – Not Working)
LOCATIONS
|
Registered Office : |
Star House, Urmi Estate, 95, Ganpatrao Kadam Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66305555 |
|
Fax No.: |
91-22-66305050 |
|
E-Mail : |
DIRECTORS
As on 2018
|
Name : |
Mr. Sanjay Jain |
|
Designation : |
Director |
|
Address : |
1002,10th Floor, Mahir Apartment, G617 15th Road, Santacruz (West), Mumbai-400054, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1963 |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
00110587 |
|
|
|
|
Name : |
Mr. Deepak Eapen Jacob |
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Designation : |
Director |
|
Address : |
1802, Tower B-3, World Spa West, Sector-30, Gurugram -122002, Haryana, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
01435059 |
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|
|
|
Name : |
Mr. Charu Chandra Sharma |
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Designation : |
Director |
|
Address : |
1B3, Regency Place 7, Richmond Road, Bangalore-560025, Karnataka, India |
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Date of Birth/Age : |
27.09.1959 |
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Date of Appointment : |
15.05.2012 |
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DIN No.: |
02276310 |
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|
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|
Name : |
Mr. Sanjay Gupta |
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Designation : |
Director |
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Address : |
14-A, Manek, L.D. Ruparel Marg, Malabar Hill, Mumbai-400006, Maharashtra, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
05100297 |
MAJOR SHAREHOLDERS
As on 31.03.2017
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Star India Private Limited, India |
2277 |
10.00 |
|
Vijay Television Private Limited, India |
14574 |
64.00 |
|
Charu Sharma |
2664 |
11.70 |
|
Anand Mahindra |
2664 |
11.70 |
|
Lex and Legal Services Private Limited, India |
591 |
2.60 |
|
Total |
22770 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 21.07.2017
|
Category |
Percentage |
|
Promoters (Individual/Hindu Undivided Family – Indian) |
23.40 |
|
Promoters (Body corporate) |
2.59 |
|
Public/Other than promoters (Body corporate) |
74.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is principally engaged in the business of conducting, promoting and organizing sports (i.e. a sports management company). (Registered Activity) |
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Products / Services
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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Auditors : |
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Name : |
S. R. Batliboi and Associates LLP Chartered Accountants |
|
Address : |
12th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9118A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding company (As
on 2017) : |
Vijay Television Private Limited CIN No.: U74300MH1996PTC206321 |
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Ultimate holding
company (As on 2016): |
Twenty-First Century Fox Inc. |
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Fellow subsidiaries
(As on 2016): |
· Star India Private Limited (Star) · Asianet Communications Limited |
CAPITAL STRUCTURE
As on 21.07.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
INR 10/- each |
INR 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22770 |
Equity Shares |
INR 10/- each |
INR 0.228 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
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|
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|
(a) Share Capital |
0.228 |
0.222 |
0.100 |
|
(b) Reserves & Surplus |
41.804 |
17.959 |
(10.620) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
42.032 |
18.181 |
(10.520) |
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|
|
|
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(3) Non-Current Liabilities |
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|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
1.954 |
1.666 |
0.002 |
|
(c) Other long term
liabilities |
6.750 |
15.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
8.704 |
16.666 |
0.002 |
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(4) Current Liabilities |
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|
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|
(a) Short term borrowings |
0.000 |
0.000 |
12.374 |
|
(b) Trade payables |
384.539 |
0.000 |
0.000 |
|
(c) Other current liabilities |
91.424 |
14.226 |
1.477 |
|
(d) Short-term provisions |
0.520 |
0.000 |
0.028 |
|
Total
Current Liabilities (4) |
476.483 |
14.226 |
13.879 |
|
|
|
|
|
|
TOTAL |
527.219 |
49.073 |
3.361 |
|
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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|
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|
(i) Tangible assets |
0.080 |
0.102 |
0.131 |
|
(ii) Intangible Assets |
14.851 |
22.356 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
48.228 |
11.276 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
63.159 |
33.734 |
0.131 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
13.182 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
380.259 |
5.367 |
2.259 |
|
(e) Short-term loans and
advances |
69.882 |
9.972 |
0.971 |
|
(f) Other current assets |
0.737 |
0.000 |
0.000 |
|
Total
Current Assets |
464.060 |
15.339 |
3.230 |
|
|
|
|
|
|
TOTAL |
527.219 |
49.073 |
3.361 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
1015.296 |
181.780 |
0.000 |
|
|
Other Income |
6.514 |
0.043 |
0.000 |
|
|
TOTAL
|
1021.810 |
181.823 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits expense |
7.988 |
0.000 |
0.000 |
|
|
Other expenses |
988.671 |
179.015 |
8.004 |
|
|
TOTAL |
996.659 |
179.015 |
8.004 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
25.151 |
2.808 |
(8.004) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.974 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.177 |
2.808 |
(8.004) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.527 |
0.256 |
0.064 |
|
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|
|
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|
PROFIT/
(LOSS) BEFORE TAX |
16.650 |
2.552 |
(8.068) |
|
|
|
|
|
|
|
Less |
TAX |
4.788 |
1.665 |
0.002 |
|
|
|
|
|
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|
|
PROFIT/
(LOSS) AFTER TAX |
11.862 |
0.887 |
(8.070) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
524.66 |
52.73 |
(807.04) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
(7.148) |
|
Net cash flows from (used in) operations |
399.553 |
21.977 |
(7.148) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
4.74 |
0.00 |
0.00 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
77.02 |
0.00 |
0.00 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
1.68 |
0.13 |
(61.10) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.90 |
0.29 |
4.13 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.00 |
(1.18) |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
11.34 |
0.78 |
(1.32) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.36 |
1.24 |
(0.01) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
25.82 |
0.00 |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
1.17 |
0.49 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
2.25 |
1.81 |
(240.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
28.22 |
4.88 |
76.71 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.97 |
1.08 |
0.23 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.97 |
1.08 |
0.23 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.08 |
0.37 |
-3.13 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.00 |
123.74 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets
/ Total Current Liabilities) |
0.97 |
1.08 |
0.23 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
0.100 |
0.222 |
0.228 |
|
Reserves & Surplus |
(10.620) |
17.959 |
41.804 |
|
Net
worth |
(10.520) |
18.181 |
42.032 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
12.374 |
0.000 |
0.000 |
|
Total
borrowings |
12.374 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
(1.176) |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
181.780 |
1015.296 |
|
|
|
458.530 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
|
Sales |
181.780 |
1015.296 |
|
Profit |
0.887 |
11.862 |
|
|
0.49% |
1.17% |
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 |
No |
|
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 |
Yes |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
No |
|
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 |
No |
|
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 |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
(AS ON 31.03.2016)
The Company was incorporated in India on November 17, 1994. The Company is principally engaged in the business of conducting, promoting and organizing sports (i.e. a sports management company). The Company has developed a Kabaddi league -"Pro-kabaddi league" (PKL). The Company has been granted the rights to organize the PKL by the Amateur Kabaddi Federation of India (AKFI) for a period of 10 years from 2014. AKFI is the official Kabaddi body recognized by the Ministry of Youth Affairs and Sports, Government of India. The Company has granted franchise to 8 teams for a period of 10 years.
OPERATIONAL REVIEW
AND STATE OF COMPANYS AFFAIRS (AS ON 31.03.2016)
The core business of the Company is developing and promoting sport, sport persons and sport events by organizing various sport events and sport leagues. One of the focuses of the Company has been dedicated towards uplifting the sport(s) which were neglected in the previous decades.
In the period, the Company has taken a significant initiative to uplift the traditional sport of Kabaddi to a new level of professionalism thereby giving a new face to the sport of Kabaddi in the Cricket dominated country like India. In association with the International Kabaddi Federation (IKF), the Asian Kabaddi Federation (AKF) and the Amateur Kabaddi Federation of India (AKFI), the Company organized two seasons of the Pro Kabaddi League, which was a huge success, the Company managing to glue a large viewership thereby giving a positive hope of acceptance by the people for other sports in the Country.
The Total Turnover of the Company has been INR 1021.810 Million as compared to INR 181.823 Million in the previous year and therefore the Company has made a profit before tax of INR 16.650 Million as compared to INR 2.552 Million seen in the previous year. The financial year 2015-16 has been a very successful and important year for the Company.
INDEX
OF CHARGES: NO CHARGES EXISTS FOR COMPANY
FIXED ASSETS
- Motor vehicles
- Office equipment
- Computer equipments
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 records 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
|
INR |
|
US Dollar |
1 |
INR 64.99 |
|
UK Pound |
1 |
INR 90.82 |
|
Euro |
1 |
INR 80.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.
·