MIRA
INFORM REPORT
|
Report Date : |
03.06.2008 |
IDENTIFICATION DETAILS
|
Name : |
GROUP M MEDIA
INDIA PRIVATE LIMITED |
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Registered Office : |
201 Peninsula Chamber,
G. K. Marg, Lower Parel, Mumbai – 400013, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
29.11.2001 |
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Com. Reg. No.: |
11-134079 |
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CIN No.: [Company
Identification No.] |
U74300MH2001PTC134079 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMM14987A |
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PAN No.: [Permanent
Account No.] |
AACCM7365H |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Providing
Advertising Services. |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED
CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1600000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well
established company having fine track records. Trade relations are fair.
Financial position is good.
Payments are correct and as per commitments. The company can be
considered good for any normal business dealings at usual trade terms and
conditions. It can be
regarded as a promising business partner in a medium to long – run. This time
management declined financial and business details. |
LOCATIONS
|
Registered Office : |
201 Peninsula
Chamber, G. K. Marg, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22- 66638888 |
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Fax No.: |
91-22- 66638800 |
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Branches : |
Located at : ·
Mumbai ·
Bangalore ·
Chennai ·
Delhi ·
Kolkata ·
Hyderabad |
DIRECTORS
|
Name : |
Mr. Mahinder
Kumar Khanna |
|
Designation : |
Director |
|
Address : |
81/A, Embassy
Apartments, 46, Nepean Sea Road, Mumbai – 400036, Maharashtra, India |
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Date of Birth/Age : |
30.10.1939 |
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Date of Appointment : |
29.11.2001 |
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|
Name : |
Mr. Ranjan
Mohanlal Kapur |
|
Designation : |
Director |
|
Address : |
3, Sorrento,
Mount Pleasant Road, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
25.11.1942 |
|
Date of Appointment : |
29.11.2001 |
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|
Name : |
Mr. Anil Mahadeo
Deorukhkar |
|
Designation : |
Director |
|
Address : |
Manas N/203,
Sher-E-Punjab CHS, Plot No. 22, Andheri (East), Mumbai- 400093 |
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Date of Birth/Age : |
12.04.1952 |
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Date of Appointment : |
29.11.2001 |
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|
Name : |
Mr. Sulbhanand
Nathuram Rane |
|
Designation : |
Director |
|
Address : |
19, Sulbha,
Sector 6, Chheda Nagar, Chembur, Mumbai – 400089, Maharashtra, India |
|
Date of Birth/Age : |
16.03.1950 |
|
Date of Appointment : |
29.11.2001 |
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|
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|
Name : |
Mr. Rupert
Michael Day |
|
Designation : |
Director |
|
Address : |
128, East, 7th
Street, Apartment 4, NY NY 10009, U.S.A. |
|
Date of Birth/Age : |
21.07.1961 |
|
Date of Appointment : |
14.12.2001 |
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|
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|
Name : |
Mr. Geroge W. H.
Yeoh |
|
Designation : |
Director |
|
Address : |
Flat 2 G, Pine
Mansion, Taikoo Shing, Hong Kong |
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Date of
Birth/Age : |
20.05.1959 |
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Date of
Appointment : |
14.12.2001 |
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|
Name : |
Mr. John Alan
Steedman |
|
Designation : |
Director |
|
Address : |
43, Nelson
Street, Gordon NSW, Australia |
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Date of
Birth/Age : |
05.03.1954 |
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Date of
Appointment : |
14.03.2003 |
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|
Name : |
Mr. Piyush Pandey |
|
Designation : |
Director |
|
Address : |
1st
Floor, Krishna Kunj, Road No. 5, Off Cadell Road, Mahim, Mumbai – 400016, Maharashtra,
India |
|
Date of
Birth/Age : |
05.09.1955 |
|
Date of
Appointment : |
25.03.2004 |
|
|
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|
Name : |
Mr. Vikram
Sakhuja |
|
Designation : |
Director
[Alternate to Mr. John Steedman] |
|
Address : |
3rd Floor,
Hormuz Building, Shanti Road, Juhu, Mumbai – 400049, Maharashtra, India |
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Date of
Birth/Age : |
30.10.1961 |
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Date of
Appointment : |
15.10.2004 |
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Other
Directorship: |
Matrix
Publicities and Media India Private Limited U74300MH2002PTC137744 Meritus
Anallytics India Private Limited U74300MH2002PTC136461 Motivator Media
India Private Limited U74300MH2002PTC136481 Results India
Communication Private Limited U74300MH1983PTC031262 Mindshare India
Private Limited U74300MH2000PTC126852 Mediaedge: CIA
India Private Limited U74300MH1998PTC154352 |
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|
|
|
Name : |
Mr. John Goodman |
|
Designation : |
Director |
|
Address : |
D 6, Seaface
Park, 50 Bhulabhai Desai Road, Mumbai – 400026, Maharashtra, India |
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Date of
Birth/Age : |
11.07.1959 |
|
Date of
Appointment : |
15.10.2004 |
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Date of
Ceasing : |
22.06.2006 |
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|
Name : |
Mr. Colvyn Harris |
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Designation : |
Director |
|
Address : |
1 – B, Saker
Apartments, 71, Pochkhanwala Road, Worli, Mumbai – 400025, Maharashtra, India |
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Date of Birth/Age
: |
12.10.1957 |
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Date of
Appointment : |
15.10.2004 |
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|
|
Name : |
Mr. Ashutosh
Srivastava |
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Designation : |
Whole Time
Director |
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Address : |
3 Sanghi
Residency, Palkhi Gully, Behind Twin Towers, Off. Cadell Road, Prabhadevi, Mumbai
– 400025, Maharashtra, India |
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Date of
Birth/Age : |
03.10.1962 |
|
Date of
Appointment : |
15.10.2004 |
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|
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|
Name : |
Mr. Ashok
Sengupta |
|
Designation : |
Whole Time
Director |
|
Address : |
301, Nisarg Apartments,
Nargis Dutt Road, Pali Hill, Bandra [West], Mumbai – 400050, Maharashtra,
India |
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Date of
Birth/Age : |
22.03.1965 |
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Date of
Appointment : |
14.04.2005 |
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|
Name : |
Mr. Pratap Bose |
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Designation : |
Director |
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Address : |
Flat 1401, 14th
Floor, Vastu Bandra, Byramjee Jeejeebhoy Road, Bandra [West], Mumbai –
400050, Maharashtra, India |
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Date of
Birth/Age : |
29.10.1962 |
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Date of
Appointment : |
22.06.2006 |
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DIN / PAN No.
: |
00116576 |
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|
Name : |
Mr. Sulbhanand Nathuram
Rane |
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Designation : |
Director |
|
Address : |
19, Sulbha,
Sector6, Chheda Nagar, Chembur, Mumbai-400089, Maharashtra, inida |
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Date of
Birth/Age : |
16.03.1950 |
|
Date of
Appointment : |
29.11.01 |
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|
|
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|
Name : |
Mr. Vikram Sakhuja
(alternative to Mr. Johan Steedman) |
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Designation : |
Director |
|
Address : |
3rd
Floor, Hormuz Building, Shanti Road, Juhu, Mumbai-400026, Maharashtra, India |
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Date of
Birth/Age : |
30.10.1961 |
|
Date of
Appointment : |
15.10.2004 |
MAJOR SHAREHOLDERS
(As on
31.03.2005)
|
Names of Shareholders |
|
No. of Shares |
|
Berkeley Square
Holding, BV |
|
5560000 |
|
Ogilv &
Mather Trust |
|
1101660 |
|
Med Value
Holdings Private Limited |
|
681840 |
|
Shashidhar
Rajadhyaksha |
|
27680 |
|
Pacella Mendes |
|
22080 |
|
Shridhar
Madhusudan Joglekar |
|
18720 |
|
Deric Jerome
Henriques |
|
6560 |
|
Sulbha Sitaram
Kulkarni |
|
25280 |
|
Prakash Vasudeo Datar |
|
10640 |
|
Saumini Sumangal
Velkar |
|
21200 |
|
Ashutosh Srivastava |
|
36914 |
|
Manjiri Girish Kumar |
|
13760 |
|
S. Sunder Raman |
|
6590 |
|
Sanjoy Chakraborty |
|
14320 |
|
Sumitra Banerjee |
|
18800 |
|
Piyush Kanti Sit |
|
19600 |
|
Venkat Sanjay |
|
10640 |
|
Goutam Sen Gupta |
|
7360 |
|
Vijay Kumar Grover |
|
11600 |
|
S. Naresh |
|
8000 |
|
Lalit Kumar Gambhir |
|
8560 |
|
J. Satyan |
|
5760 |
|
K. Mohan Rai |
|
11360 |
|
Shylaja Vijaykumar |
|
16320 |
|
Meena Jacob |
|
8560 |
|
V. A. Ravi |
|
12240 |
|
R. K. Girish Menon |
|
8350 |
|
Raghu N. Devadiga |
|
5680 |
|
R. Srivatsan |
|
17120 |
|
Vikram Sakhuja |
|
24012 |
|
Parameshwar Choodamani |
|
9350 |
|
Ashutosh Srivastava |
|
12336 |
|
Sunita Gopalkrishnan |
|
27494 |
|
Rajeev Berry |
|
9848 |
|
Meenakshi Venkataraman |
|
8938 |
|
Nirmala Gopalakrishnan |
|
6048 |
|
V. Balasubramanium |
|
11370 |
|
Debraj Tripathy |
|
6984 |
|
C. V. L. Srinivas |
|
11676 |
(As on
30.06.2007)
|
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 |
|
69.50 |
|
Bodies corporate
(not mentioned above) |
|
8.52 |
|
Other top fifty
(50) shareholders (other than listed above) |
|
19.67 |
|
Directors or
Relatives of Directors |
|
1.00 |
|
Others |
|
1.31 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing
Advertising Services. |
GENERAL INFORMATION
|
No. of Employees : |
1500 |
|
|
|
|
Bankers : |
·
HSBC Limited 52/60, M. G.
Road, Mumbai – 400001, Maharashtra, India ·
ICICI Bank
Limited Free Press House,
215, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
|
|
|
Banking Relations : |
Good |
|
|
|
|
Auditors : |
Deloitte Haskins
and Sells Chartered
Accountants, |
|
Address : |
12, Dr. Annie Besant
Road, Opposite Shiv Sagar Estate, Worli, Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-56679000 |
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Fax No.: |
91-22-56679025 |
|
|
|
|
Subsidiaries : |
Result India
Communications Private Limited |
|
|
|
|
Holding : |
Berkeley Square Holding
B.V. |
CAPITAL STRUCTURE
As on 29.06.2007
Authorised
Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs. 1/- each |
Rs. 8.000 Millions |
|
|
|
|
|
Issued,
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs. 1/- each |
Rs. 8.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2006 |
31.12.2005 |
31.12.2004 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
8.000 |
8.000 |
8.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
414.908 |
248.426 |
125.502 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
422.908 |
256.426 |
133.502 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
458.249 |
565.378 |
234.478 |
|
|
TOTAL BORROWING |
458.249 |
565.378 |
234.478 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
881.157 |
821.804 |
367.980 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
29.154 |
17.681 |
4.255 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.193 |
4.193 |
4.193 |
|
|
DEFERREX TAX ASSETS |
10.505 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000 |
0.000 |
0.000 |
|
|
Sundry Debtors |
4086.394 |
3059.877 |
2063.596 |
|
|
Cash & Bank Balances |
113.672 |
73.293 |
31.302 |
|
|
Other Current Assets |
0.000 |
4.353 |
3.915 |
|
|
Loans & Advances |
1227.046 |
1172.832 |
598.365 |
|
Total Current Assets |
5427.112 |
4310.355 |
2697.178 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
4523.602 |
3266.842 |
2120.875 |
|
|
Provisions |
66.205 |
243.583 |
216.884 |
|
Total Current Liabilities |
4589.807 |
3510.425 |
2337.759 |
|
|
Net Current Assets |
837.305 |
799.930 |
359.419 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.113 |
|
|
|
|
|
|
|
|
TOTAL |
881.157 |
821.804 |
367.980 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.12.2006 |
31.12.2005 |
31.12.2004 |
|
Sales Turnover [including other income] |
1052.540 |
773.350 |
751.915 |
|
Total
Income |
1052.540 |
773.350 |
751.915 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
348.610 |
205.587 |
181.188 |
|
Provision for
Taxation |
0.000 |
0.000 |
0.000 |
|
Profit/(Loss)
After Tax |
348.610 |
205.587 |
181.188 |
|
|
|
|
|
|
Export Value |
NA |
131.956 |
99.211 |
|
|
|
|
|
|
Total Expenditure |
703.930 |
567.763 |
570.728 |
KEY RATIOS
|
PARTICULARS |
|
31.12.2006 |
31.12.2005 |
31.12.2004 |
|
PAT / Total Income |
(%) |
33.12
|
26.58
|
24.09 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
33.12
|
26.58
|
24.09 |
|
|
|
|
|
|
|
Return on Total
Assets (PBT/Total Assets} |
(%) |
6.39
|
4.75
|
6.70 |
|
|
|
|
|
|
|
Return on
Investment (ROI) (PBT/Networth) |
|
0.82
|
0.80
|
1.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total
Liability/Networth) |
|
11.94
|
15.89
|
19.26 |
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
1.18
|
1.22
|
1.15 |
LOCAL AGENCY FURTHER INFORMATION
FINANCIAL RESULTS
The year closed with
a net profit of Rs.0.721 million [previous year Rs.0.516 million] after meeting
all expenses including provision for depreciation.
Their revenue
growth was contributed through acquisition of new clients in the conventional
business as well as strong growth in their non conventional business in the
form of Broadmind, ATG, Dialet and Mone.
The company continued to excel & consolidate its reputation in the
media industry locally and in the region and continued to enjoy its leadership
position in the country.
The company
provided advertising services to overseas client. The company is continuing its efforts to explore possibilities to
increase the foreign exchange earnings.
Fixed Assets:
·
Office
Equipments
·
Furniture and
Fixtures
·
Computers
·
Vehicles
As per website:
498, Seventh
Avenue, New York 10018 United States
(T) +1-212-2978181
(F) +1-212-2978120
Regional office located at:
·
Asia Pacific
·
Europe
·
Latin America
·
North America
Company Details
Ownership Status
Subsidiary Active
GroupM, the world’s
leading full-service media investment management operations, was created by WPP
to oversee its assets in this sector. These assets include MediaCom Woldwide.
Medicaedge: cia
Global, Mindshare Worldwide and MAXUS. The focus of GroupM is the intelligent
application of volume and scale in trading, innovation and quality of services,
in order to bring benefit to clients and the companies it operates.
Services
- Analytics
- Communications and media Strategy
- Content development
- Sponsorship
- Sports and entertainment marketing
- Stewardship
- Tactics and implementation
Key Information
- Leading media investment management operation.
- Worldwide billings US$60.51bn projected 2006 (RECMA
July 2006).
- Share of global network business: 31%.
- Total worldwide market share: 17.5%.
- Industry leading levels of investment in research.
- 402 offices in 81 countries.
- 14,000 staff.
- Part of WPP.
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. 42.24 |
|
UK Pound |
1 |
Rs. 83.26 |
|
Euro |
1 |
Rs. 65.58 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
63 |
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 |
|