MIRA
INFORM REPORT
|
Report Date : |
9th
November, 2006 |
IDENTIFICATION
DETAILS
|
Name : |
NEXTWAVE
MULTIMEDIA PRIVATE LIMITED |
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Registered Office : |
No.
1A, 2nd Street, Dr. Tirumurthy Nagar, Nungambakkam, Chennai – 600
034, Tamilnadu, India |
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Country : |
India |
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Financials (as on) : |
31.03.2004 |
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Date of Incorporation : |
08.02.1995 |
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Com. Reg. No.: |
18-30106 |
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CIN No.: [Company
Identification No.] |
U72300TN1995PTC030106 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CHEN04975F |
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PAN No.: [Permanent
Account No.] |
AABCN3083A |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Subject
is engaged in the business of Computer Software. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD
10000 |
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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
is a well established company having satisfactory track. Trade relations are
fair. General financial position is satisfactory. Payments are usually
correct and as per commitments. The company can be considered normal for
business dealings at usual trade terms and conditions. |
LOCATIONS
|
Registered Office : |
No.
1A, 2nd Street, Dr. Tirumurthy Nagar, Nungambakkam, Chennai – 600
034, Tamilnadu, India |
|
Tel. No.: |
91-44-28260450/
242060451/ 2452 |
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Mobile No.: |
91-9841020231 |
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Fax No.: |
91-44-42060451 |
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E-Mail : |
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Website : |
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Factory
1 : |
No.
1A, 2nd Street, Dr. Tirumurthy Nagar, Nungambakkam, Chennai – 600
034, Tamilnadu, India |
|
Tel.
No.: |
91-44-28260450/
242060451/ 2452 |
|
Mobile
No.: |
91-9841020231 |
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Fax
No.: |
91-44-42060451 |
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E-Mail
: |
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Branches
: |
Hitananda,
3rd Floor, 48, Lavelle Road, Bangalore – 560 001, Karnataka, India
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Tel.
No.: |
91-80-2215178/
2215179 |
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Mobile
No.: |
91-9448474294 |
DIRECTORS
|
Name : |
Mr. P
R Rajendran |
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Designation : |
Managing
Director |
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Date of Birth/Age : |
19.01.1967 |
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Name : |
Ms. P
R Jayashree |
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Designation : |
Director
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Date of Birth/Age : |
19.03.1968 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
|
No. of Shares |
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|
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Mr. P
R Rajendran |
|
1590 |
|
Ms. P
R Jayahsree |
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40 |
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Total |
|
1630 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged in the business of Computer Software. |
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Products : |
®
Graphic
Design ®
Brand
– Building ®
Video
®
Animation
®
Special
Effects ®
Web
Application Development ®
Online
Game Development |
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GENERAL
INFORMATION
|
Bankers : |
Indian
Overseas Bank West
Mambalam, Chennai – 600 033, Tamilnadu, India |
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Banking Relations : |
Satisfactory
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Auditors : |
Thulasidavan
and Company Chartered
Accountants |
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Address : |
249
New Number 339, Anna Salai, Teynampet, Chennai – 600 006, Tamilnadu,
India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
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|
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|
5000 |
Equity
Shares |
Rs. 100/- |
Rs. 0.500 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1630 |
Equity
Shares |
Rs. 100/- |
Rs. 0.163 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2004 |
31.03.2003 |
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|
SHAREHOLDERS FUNDS |
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|
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1] Share Capital |
|
0.163 |
0.163 |
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2] Reserves & Surplus |
|
1.400 |
1.306 |
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NETWORTH |
|
1.563 |
1.469 |
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LOAN FUNDS |
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1] Secured Loans |
|
1.220 |
0.000 |
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2] Unsecured Loans |
|
2.122 |
2.004 |
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TOTAL BORROWING |
|
3.342 |
2.004 |
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DEFERRED TAX LIABILITIES |
|
0.096 |
0.000 |
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TOTAL |
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5.001 |
3.473 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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2.413 |
1.237 |
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Capital work-in-progress |
|
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
|
0.000 |
0.178 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Other Current Assets |
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2.596 |
2.198 |
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Loans & Advances |
|
0.664 |
0.660 |
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Total Current Assets |
|
3.260 |
2.858 |
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Less : CURRENT LIABILITIES & PROVISIONS |
|
3.437 |
2.423 |
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Total Current Liabilities |
|
3.437 |
2.423 |
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Net Current Assets |
|
(0.177) |
0.435 |
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MISCELLANEOUS EXPENSES |
|
2.765 |
1.623 |
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TOTAL |
|
5.001 |
3.473 |
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PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2004 |
31.03.2003 |
|
Sales Turnover [including other income] |
|
7.014 |
6.786 |
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Profit/(Loss)
Before Tax |
|
0.424 |
0.415 |
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Provision
for Taxation |
|
0.331 |
0.100 |
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Profit/(Loss)
After Tax |
|
0.093 |
0.315 |
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Total
Expenditure |
|
6.591 |
6.371 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2004 |
31.03.2003 |
|
PAT / Total Income |
(%) |
|
1.32 |
4.64 |
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Net
Profit Margin (PBT/Sales) |
(%) |
|
6.04 |
6.11 |
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Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
7.47 |
9.71 |
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Return
on Investment (ROI) (PBT/Networth) |
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|
0.27 |
0.28 |
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Debt
Equity Ratio (Total
Liability/Networth) |
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5.39 |
4.01 |
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Current
Ratio (Current
Asset/Current Liability) |
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|
0.95 |
1.18 |
LOCAL AGENCY
FURTHER INFORMATION
Profile
Nextwave Multimedia Private Limited began
operations in 1996 as a video production house. Nextwave Multimedia has since
evolved into a company that delivers quality work in Video, Internet,
Multimedia, Animation and also Print for Corporate Communication, E-Learning
and Entertainment.
The team consists of multi-skilled professionals with high creative talents and
sound technical knowledge - writers, art directors, artists, video production
executives, editors, animators and programmers.
Senior members of the team have about 10 years of hands-on experience in
advertising, brand building, corporate communication, video production and
Internet.
It has produced over 500 episodes of television programming for national and
regional television channels. Over 300 corporate videos, multimedia
presentations and internet projects. .
Infrastructure
® Nonlinear Editing
Systems
® Recording Studio
® High-end Graphic
Workstations
® Lights
® Cameras
® Audio Equipment
® Mikes and
accessories
® 4000 sq.ft. space
Skills
The skill set is wide ranging and includes all major technologies required to
design and develop compelling communication solutions in both online and
off-line media:
1. Graphic Design
2. Brand-building
3. Video
4. Animation
5. Special Effects
6. Web Application Development
7. Online Game Development
Video
Production
Business Communication
Television Software
Television Commercials
Nextwave Multimedia has full production and post-production capabilities to
create visually exciting and professional videos - from company profiles to
training videos, and from ‘curtain raisers’ at events to internal
presentations. Because of in-house facilities, they are able to keep the cost
down and the quality high.
They have a profound
understanding of this medium. It meticulously interpret your business and
communication objectives and translate them into powerful videos using creative
and technical abilities.
a) Company Profiles
b) Business Presentations
c) Internal Presentations
d) Campus Recruitment videos
e) New Employee Induction videos
f) Training videos
g) Product Launch videos
h) Event Curtain Raisers
i) Industrial Safety videos
The Company have
vast experience in producing programs for the television. Nextwave Multimedia
has produced over 500 episodes in English, Tamil and Telugu, which were
broadcast on Star TV, Star Vijay, Raj TV, E-TV, Splash Channel.
The company
background in advertising, combined with our technical strengths, helps us in
producing commercials that are conceptually strong, strategically right on
target, and creatively of a high order.
Channel Promos and Show Packaging
Nextwave Multimedia
has conceived and produced numerous promotions for Television channels and
Television Programmes.
It also works with other production houses for packaging of content with
graphic design and animation.
Multi-camera coverage of Events
Nextwave Multimedia
has experience in designing and erecting backdrops and stages for Music
concerts, Fashion Shows, product launches and Corporate Events.
Nextwave Multimedia has established relationships in the industry to put
together a large talented production crew for any demanding event.
Game Development
® Iodex Games
® Monkey Business
® Treasure Hunt
® Air Hockey
Web (Micro Sites)
- Amco – Yuasa Batteries
- Intel
- Tidel Park
Contact
Chennai
No.1A, 2nd Street, Dr. Tirumurthy Nagar,
Nungambakkam, Chennai - 600 034, Tamilnadu, India
Tel. No.: 91-44-28260450/ 42060451/ 52
Email: info@nextwavemultimedia.com
Contact person: Mr. P.R. Rajendran
Mobile No.: 91-9841020231
Email: raj@nextwavemultimedia.com
Bangalore
Hitananda 3rd Floor, 48, Lavelle Road,
Bangalore - 560001, Karnataka, India.
Tel. No.: 91-80-2215178/ 2215179
Contact Person: Mr. Linus Mariadoss
Mobile No.: +91-9448474294
Email: linus@nextwavemultimedia.com
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
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.75 |
|
UK
Pound |
1 |
Rs.84.83 |
|
Euro |
1 |
Rs.57.12 |
SCORE &
RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|