MIRA
INFORM REPORT
|
Report Date : |
06.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
RAYUDU VISION MEDIA LIMITED |
|
|
|
|
Registered Office : |
H. No. 2-3-703/1/B, Tirumala Nagar, Amberpet, Hyderabad – 500013,
Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
08.04.2005 |
|
|
|
|
Com. Reg. No.: |
01-45843 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U92190AP2005PLC045843 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
HYDR04400E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AADCR0714Q |
|
|
|
|
Legal Form : |
A closely held public limited liability company. |
|
|
|
|
Line of Business : |
To carry on the business of automation, graphic or otherwise related
hardware and software, required for in house activities or other television
channels, films etc. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a 2 years old company and in the process of establishing itself.
The company has incurred some initial losses during the first year of its
operations. Trade relations are fair. Payments are reported as slow but
correct. The company can be considered for small to mediocre business dealings
with slight caution, initially. |
LOCATIONS
|
Registered Office : |
H. No. 2-3-703/1/B, Tirumala Nagar, Amberpet, Hyderabad – 500013,
Andhra Pradesh, India |
|
Tel. No.: |
91-40-23325533 to 36, 27204639 / 27206640 |
|
Fax No.: |
91-40-27420327 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
5th Floor, Vista Grand Towers, Rajbhavan Road, Somjiguda,
Hyderabad – 500082, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23325533 / 34 / 35 / 36 |
DIRECTORS
|
Name : |
Mrs. Rayudu Satya Prabha |
|
Designation : |
Managing Director |
|
Address : |
H. No. 2-3-703/1/B, Tirumala Nagar, Amberpet, Hyderabad – 500013,
Andhra Pradesh, India |
|
Date of Birth/Age : |
15.06.1965 |
|
Date of Appointment : |
08.04.2005 |
|
|
|
|
Name : |
Mr. Veera Venkata Satyanarayana Rayudu |
|
Designation : |
Joint Managing Director |
|
Address : |
H. No. 2-3-703/1/B, Tirumala Nagar, Amberpet, Hyderabad – 500013,
Andhra Pradesh, India |
|
Date of Birth/Age : |
12.01.1956 |
|
Date of Appointment : |
08.04.2005 |
|
|
|
|
Name : |
Mr. Rayudu Sashank |
|
Designation : |
Director |
|
Address : |
H. No. 2-3-703/1/B, Tirumala Nagar, Amberpet, Hyderabad – 500013,
Andhra Pradesh, India |
|
Date of Birth/Age : |
10.02.1983 |
|
Date of Appointment : |
08.04.2005 |
|
|
|
|
Name : |
Mrs. Rayudu Seshavani |
|
Designation : |
Director |
|
Address : |
H. No. 2-3-703/1/B, Tirumala Nagar, Amberpet, Hyderabad – 500013,
Andhra Pradesh, India |
|
Date of Birth/Age : |
19.05.1963 |
|
Date of Appointment : |
08.04.2005 |
KEY EXECUTIVES
|
Name : |
Mr. Ravi Murti |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Rayudu V V S |
|
5000 |
|
Rayudu Satya Pradha |
|
10000 |
|
Rayudu Venkata Sashank |
|
5000 |
|
Rayudu Nageswara Rao |
|
10000 |
|
Rayudu Seshavani |
|
10000 |
|
Rayudu Surya Prakasa Rao |
|
5000 |
|
Reddy Venkata Satya Ramadevi |
|
5000 |
|
Total |
|
50000 |
|
|
|
|
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To carry on the business of automation, graphic or otherwise related hardware
and software, required for in house activities or other television channels,
films etc. |
GENERAL
INFORMATION
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B V Mallikarjuna Chartered Accountants |
|
Address : |
Kushal Towers, Khairatbad, Hyderabad – 500004, Andhra Pradesh, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Shares |
Rs. 1/- each |
Rs. 30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs. 10/-
each |
Rs. 5.000
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2006 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.000 |
|
|
2] Share Application Money |
|
|
39.130 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
[1.696] |
|
|
NETWORTH |
|
|
42.434 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.434 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
23.156 |
|
|
Capital work-in-progress |
|
|
6.122 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Sundry Debtors |
|
|
1.025 |
|
|
Cash & Bank Balances |
|
|
12.548 |
|
|
Loans & Advances |
|
|
1.949 |
|
Total
Current Assets |
|
|
15.522 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
|
1.088 |
|
|
Provisions |
|
|
1.295 |
|
Total
Current Liabilities |
|
|
2.383 |
|
|
Net Current Assets |
|
|
13.139 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.017 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
42.434 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
|
|
31.03.2006 |
|
Sales Turnover |
|
|
2.780 |
|
Total Income |
|
|
2.780 |
|
|
|
|
|
|
Profit/(Loss) Before Tax |
|
|
[1.688] |
|
Provision for Taxation |
|
|
-- |
|
Profit/(Loss) After Tax |
|
|
[1.688] |
|
|
|
|
|
|
Expenditures : |
|
|
|
|
Total Expenditure |
|
|
4.468 |
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2006 |
|
PAT / Total Income |
(%) |
|
|
60.72 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
60.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
4.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
|
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
6.52 |
LOCAL AGENCY
FURTHER INFORMATION
AS PER WEBSITE
PROFILE
Subject the full-fledged original content production
and animation service company based in the heart of Animation Hub - Hyderabad,
India. Currently has all the creative expertise needed with latest technology
and infrastructure to produce 26 x 22
min episodes a year from pre-production to post-production.
Programmed to expand its capacities to double,
before the start of next season. Subject is working to increase its creative
workforce by another 200 by Sept 2006, having RACE a training division as its
supporting wing.
With unbounded talent pool from across the
nations working under one roof, the art of giving life to imagination has
matured to new limits.
Having expertise in 2D, 3D, Visual Effects,
Advanced Editing, subejct is looking to unleash its boundaries into Gaming by
the next year.
Powered by it’s high end animation training facility, RACE - The Animation
College, in 2D/3D Animation. VFX and Advanced Editing Segments to support
the production requirements.
PROJECT
2D Full Length Feature in English, Hindi &
Other Foreign Languages
Lava Kusa:
The 2D Feature “Lava Kusa”, produced by the
Kanipakam Creations, is scheduled for worldwide release in summer 2007. The
story is based on legendary epic Ramayana, where in two determined warrior
twins teams up to bring a powerful dynasty to its knees - The finest attempt in
the history of Indian animation film making.
Jataka :
Jataka katha :TV Series based on preachings of
legendary god Buddha, narrated in enchanted style that leaves the audience
spellbound.
SERVICES
Subject full-fledged 2d, 3d animation and
visual effects production house located in Hyderabad, southern city of India,
also known as cyber bad for its IT enabled services and exports. Capable of
handling projects for 2d, 3d animation and visual effects segments. Subject is
equipped with xenon-dual processor workstations, FTP and massive storage
capacity for its production operations.
Subject is not only a leading studio to work
on outsourced projects, but also a major production house in co-production and
original content development segments.
With the well-defined hierarchy subject can
deliver two episodes of 22 minutes each in 2D animation and 30 minutes of 3D
animation per month at the moment with its production and infrastructure
capabilities.
At present subject is busy producing anime
based original content for television and DVD market segments.
Subject is powered by its training arm RACE
Animation College, which offers training in 2d 3d animation, visual effects and
advanced editing.
NEWS
SONGS RECORDING OF LAVA KUSA ANIMATION MOVIE
The Kanipakam Creations in association with
RVML Animation Studios is producing
“Lava Kusa – The warriors Twins” a 2D Animated Feature film. The story
of is about the two warriors Lava and Kusa, from the India’s legendary epic
Ramayana. The film is being produced in
3 different languages viz. Hindhi, Telugu and English, has completed its songs
recording recently. The lyrics for the telugu
songs were written by renowned poet and lyricist Mr. Veturi Sundararama Murthy
and the Hindi songs by Pt. Kiran Mishra, says producer Mr. Rayudu Venkata
Sashank.
There are five songs in this movie. The music
is composed by World’s famous Music director Mr. S.L. Vaidyanathan with
traditional and western instruments, that have never been used for Indian
mythological movies. The songs were
sung by national award winners, Mr. K.J. Yesudas, Mr. S.P. Bala Subramanyam,
Mr. Shankar Mahadevan, Ms. Chitra and Ms. Sadhana Sargam in Telugu and Hindi.
The project is progressing towards the
completion at RVML studios slated to be released in the last quarter of
2007. The film has lots of special
effects of international standards to entertain the children and adults and set
a new chapter in the Indian animation industry. Some of the post production works such as audio final mixing work
will be done in UK shortly. The film is
expected to hit the silver screens by the last quarter of 2007, in three
different languages initially i.e., English, Hindi and Telugu and in other
national and international languages later.
The animation films production restricted to western countries till
recently. There are many producers in
India have started showing interest in animation films recently. The animation industry in India is booming
up now. Andhra Pradesh is transforming
as the hub of animation industry where several animation films are currently
under production in Hyderabad. The state government of the state should
encourage the industry by giving subsidies to produce more of such original content,
which are on par with the Hollywood counterparts.
Shri R.V. Shashank, Producer
The Kanipakam Creations, Hyderabad
Shri R.V. Sudhakar, C.E.O.
RVML Animation Studios, Hyderabad
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 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.39.39 |
|
UK Pound |
1 |
Rs.81.31 |
|
Euro |
1 |
Rs.57.44 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
26 |
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. |
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 |
|