MIRA
INFORM REPORT
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Report Date : |
16.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
TIME BROADBAND SERVICES PRIVATE LIMITED |
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Registered Office : |
Office No. 109-110-111, Shalimar, Morya Park, New Link Road, Andheri
(West), Mumbai – 400 053, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
11.01.2005 |
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Com. Reg. No.: |
11-150543 |
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CIN No.: [Company
Identification No.] |
U64200MH2005PTC150543 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Provider of MTNL India’s First ADSL 2 + Inter Active Triple – Play Video
– Tier service. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 56000 |
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Status : |
New Project |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is a new IP TV project under the brand “MY Time” expected to
be launched in November, 2008. The company is expected to face fierce competition from Tata Sky, and
two more players. In the initial years, the company may incur huge losses. The company’s trade relations and payments are not available. Mr. Shirish Mohile, Executive of the company denied business details
due to their policy. Initially, the company should be considered for any business dealings
on safe and secured trade terms and conditions, only. |
INFORMATION PARTED
BY
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Name : |
Mr. Shirish Mohile |
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Designation : |
Head (Corporate Affairs) |
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Contact No.: |
91-9820494011 |
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Date : |
16.09.2008 |
LOCATIONS
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Registered Office : |
Office No. 109-110-111, Shalimar, Morya Park, New Link Road, Andheri
(West), Mumbai – 400 053, Maharashtra, India |
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E-Mail : |
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Website : |
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Corporate Office : |
104, Rachna V P Road, Vile Parle (West), Mumbai – 400 056,
Maharashtra, India |
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Tel. No.: |
91-22-56271795 |
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Fax No.: |
91-22-26731804 |
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E-Mail : |
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Global
Head Quarters: |
Suite 607-608 Shalimar Morya
Park, New Link Road, Andheri(W), Mumbai-400 053, Maharashtra, India. |
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Tel. No.: |
91-22-4088 5088 / 26731803 |
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Fax No.: |
91-22-2673 1804 |
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E-Mail : |
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Websites : |
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Network Operational
Centre: |
My Time House, 29 Okhla Industrial Estate, Phase III, New Delhi-110 020. India |
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Tel. No.: |
91-11-4065 2000 |
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Fax No.: |
91-11-2684 2007 |
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Application Development Centre: |
FC-123, Salt Lake City, Sector III, Kolkata-700 106, West Bengal, India. |
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Tel. No.: |
91-33-2334 7787/ 2334 7773 |
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Delivery Monitoring Centre: |
First Media India Private. Limited , 202, First Floor,
Oxford House, Rustom Baug(Off Airport Road), Banglore-560 017, Karnataka,
India. |
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Branches : |
EMEA:
European Office APAC:Asia-Pacific
Office |
DIRECTORS
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Name : |
Mr. Tushar Gunvantlal shah |
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Designation : |
Director |
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Address : |
204 Doctor Centre, 135 August Kranti Marg, Kemps Corner, Mumbai – 400
026, Maharashtra, India |
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Date of Birth/Age : |
25.10.1965 |
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Date of Appointment : |
09.08.2006 |
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Tel No.: |
91-22-56651745 |
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Fax No.: |
91-22-26731804 |
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Mobile No.: |
91-9867378489 |
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E-Mail: |
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Name : |
Mrs. Sujata Amit Dev |
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Designation : |
Director |
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Address : |
103, Kumar Harshvardhan, 6 Juhu Versova Link Road, Andheri (West),
Mumbai – 400 053, Maharashtra, India |
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Date of Birth/Age : |
25.09.1969 |
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Date of Appointment : |
11.01.2005 |
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Mobile No.: |
91-9892331499 |
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E-Mail: |
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Name : |
Mr. Amit Dev |
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Designation : |
Director |
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Address : |
103, Kumar Harshvardhan Apartments, 6 Juhu, Versova Link Road, Andheri
(West), Mumbai – 400 053, Maharashtra, India |
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Date of Birth/Age : |
27.12.1957 |
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Date of Appointment : |
09.08.2006 |
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E-Mail: |
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Mobile No.: |
91-9899977789 |
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Tel No.: |
91-22-26247777 |
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Fax No.: |
91-22-26731804 |
KEY EXECUTIVES
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Name : |
Mr. Irfan Khan |
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Designation: |
Head |
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Mobile No.: |
91-9892247418 |
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E-Mail: |
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Name : |
Mr. Samir Saksena |
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Designation: |
Head (Operations) |
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Mobile No.: |
91-9811233833 |
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E-Mail: |
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Name : |
Mr. Roopesh Rao |
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Designation: |
Head (Distribution) |
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Mobile No.: |
91-9930303055 |
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E-Mail: |
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Name : |
Mr. Vijay Jain |
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Designation: |
Head (Administration ) |
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Mobile No.: |
91-9833394990 |
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E-Mail: |
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Name : |
Mr. Daljeet Singh |
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Designation: |
Divisional Manager |
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Mobile No.: |
91-60164432207 |
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E-Mail: |
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Name : |
Mr. Shirish Mohile |
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Designation: |
Head (Corporate Affairs) |
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Mobile No.: |
91-9820494011 |
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E-Mail: |
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Name : |
Mr. Sandeep Dutta |
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Designation: |
Divisional Manager Eastern India |
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Mobile No.: |
91-9711004071 |
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E-Mail: |
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Name : |
Mr. William Wu |
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Designation: |
Head (S.E.A.) |
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Mobile No.: |
91-9810507075 |
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E-Mail: |
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Name : |
Mr. Satyen Bhatia |
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Designation: |
Head (Global Delivery) |
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Mobile No.: |
91-9820547077 |
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E-Mail: |
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Project Team |
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Mr. Abhishek
Nigam Mr. Ashish
Kumar Sharma Mr. Deepak
Bhatia Mr. Enstein
Y.S. Mr. Hemant
Gupta
Mr. Narendra
Kumar Singh Mr. Nitin
Saxena Mr. Rajnish
Kumar Mr. Sachin
Kumar Mr. Vivekanand
Bhat Mr. Ankur Jain Ms. Ashwini
Sonawane Ms. Deepshikha
Tripathi Ms. Harpreet
Kakkar Mr. Jagdish
Sati Ms. Neha
Chaturvedi Mr. Prakash
Chand Ojha
Mr. Ritesh
Mistry Mr. Sanker
Salam Mr. Arun
Dhar Mr. Binay
Mahakul Mr. Dinesh
Kumar Verma
Mr. Hemant
Anjara Mr. Jignesh
Joshi Mr. Nitin
Kapoor Mr.
Prasad Nagvekar Ms. Richa Dubey
Mr. Vaibhav
Kulkarni |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Allottees (As on 03.09.2006) |
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No. of Shares |
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Mr. Amit A Dev |
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5000 |
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Mr. Tushar Gunvatlal Shah |
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5000 |
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Mr. Kunju Kutty Aniyan Kutty |
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10000 |
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Names of Allottees (As on 02.02.2007) |
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No. of Shares |
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Mr. Aniyan Kunjukutty |
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4500 |
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Broadband Convergence Private Limited |
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4500 |
Equity Share Breakup (Percentage of Total Equity):-
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Category (As on 31.03.2006) |
Percentage |
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Directors or relative of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Provider of MTNL India’s First ADSL 2 + Inter Active Triple – Play
Video – Tier service. |
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Brand Names : |
“MYTIME IPTV” |
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Imports : |
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Products : |
Capital Goods |
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Countries : |
Far East |
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Terms : |
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Selling : |
Contractor |
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Purchasing : |
Cash, Credit |
GENERAL
INFORMATION
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Customers : |
End users |
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No. of Employees : |
60 |
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Bankers : |
Not Divulged |
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Banking
Relations : |
--- |
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Auditors : |
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Name : |
Milind Garud And Associates Chartered Accountants |
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Address : |
A/009, Sukh Sagar, New Link Road, Borivali (West), Mumbai – 400 091,
Maharashtra, India |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
(As on 30.09.2006):-
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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20000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.200
million |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
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31.03.2006 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
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0.100 |
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2] Share Application Money |
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11.100 |
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3] Reserves & Surplus |
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0.000 |
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4] (Accumulated Losses) |
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0.000 |
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NETWORTH |
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11.200 |
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LOAN FUNDS |
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1] Secured Loans |
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0.000 |
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2] Unsecured Loans |
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0.050 |
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TOTAL BORROWING |
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0.050 |
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DEFERRED TAX LIABILITIES |
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0.000 |
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TOTAL |
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11.250 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
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0.406 |
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Capital work-in-progress |
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0.000 |
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INVESTMENT |
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0.000 |
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DEFERREX TAX ASSETS |
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0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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0.000 |
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Sundry Debtors |
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0.000 |
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Cash & Bank Balances |
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0.665 |
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Other Current Assets |
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0.000 |
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Loans & Advances |
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4.824 |
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Total
Current Assets |
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5.489 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
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1.585 |
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Provisions |
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0.000 |
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Total
Current Liabilities |
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1.585 |
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Net Current Assets |
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3.904 |
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MISCELLANEOUS EXPENSES |
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6.940 |
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TOTAL |
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11.250 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
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|
31.03.2006 |
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Sales Turnover |
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0.000 |
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Other Income |
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0.000 |
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Total Income |
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0.000 |
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Profit/(Loss) Before Tax |
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[6.918] |
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Provision for Taxation |
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0.000 |
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Profit/(Loss) After Tax |
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[6.918] |
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Total Expenditure |
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6.918 |
KEY RATIOS
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PARTICULARS |
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31.03.2006 |
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PAT / Total Income |
(%) |
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0.00 |
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Net Profit Margin (PBT/Sales) |
(%) |
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|
0.00 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
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[117.35] |
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Return on Investment (ROI) (PBT/Networth) |
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[0.62] |
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Debt Equity Ratio (Total Liability/Networth) |
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0.15 |
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Current Ratio (Current Asset/Current Liability) |
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3.46 |
LOCAL AGENCY
FURTHER INFORMATION
NOTES:-
The company Registered Address was 104, Rachna V P Road, Vile Parle (West),
Mumbai – 400 056, Maharashtra, India changed to present Registered Address
w.e.f 29.11.2006.
WEBSITE DETAILS:-
History
Subject has been incorporated on 11th Jan.2005 by
"TIME" Group of Promoters, comprising of content specialist and
technical expert; duly supported by a core team of professionals; having
combined experience of 900 man-years in the emerging media world. The company
ventured into the opportunity associated with technology platform of
convergence, between telecommunication and entertainment, through the right
application of digital information technology for the first time in Indian
context. The Global dynamics of transformation witnessed in the past few years
have been the inspiration of their company; to act as pioneering Indian entity
in the content delivery networking activity. Combination of H.264 AVC as
station format riding on IPV6 based IPTV on broadband platform has been the
target of this innovative venture; receiving global appreciation for the
glorious emergence.
TIME Group co-promoters were instrumental in bringing together a global
consortium of technical experts and integration companies who conducted a trial
as soon as the ADSL2+ broadband backbone was laid in Mumbai. Telecom operators
Triple play services provide comprehensive plan of Video-tier, which contains
both multi-casting (TV channels) and uni-casting On Demand Services (VOD) along
with gaming and education. Subject demonstrated this content delivery
capability with full support from multiple Trade-associations in creative
domain. The grand success of trial was recorded on 14th January 2005, in front
of an invited audience and dignitaries from five states who witnessed these via
video conference in presence of Hon'ble dignitaries: Union Minister of IT and
Communication Mr. Dayanidhi Maran at Chennai, Lok Sabha Speaker Mr. Somnath
Chatterjee at Kolkata, Chief Minister of Delhi Mrs. Sheila Dixit, Chief
Minister of Andhra Pradesh Mr. R. Reddy, Chief Minister of Karnataka Mr. Dharam
Singh, along with other invitees. This ensured the nation-wide arrival of
Broadband in India through the efforts of MTNL and BSNL.
The major effort has been led by the core team members: Ms. Sujata Dev,
CEO and Managing Director with inputs from the Board of Directors, Mr. Tushar
Shah (Finance and Commercial), and Mr. Amit Kumar (Technology and Operations)
at the helm of Time Broadband Services Private Limited. The management of
initiation process has been supervised by Mr. Shirish Mohile (Head,
Co-ordination), Mr. Samir Saksena (Head, Operations), Mr. Irfan Khan (Head,
Content) and Mr. Roopesh Rao (Head, Global) leading the core-team in Mumbai and
Delhi , with external consultants, providing their expert inputs. Later on, the
expanded team achieved the national launch of 100 Multicast digital channels
and 1000 hours of Unicast (on-demand) content on 20th Dec 2006. Trail efforts
continuing at TBSL and its sister organisations continued over the years,
resulting in Operational breakthroughs with enablement of Content with
Connectivity over all types of Carriers (fixed-line, wireless, wi-fi and cable)
for unique experience of Consumer in Asian continent; through multiple
front-end partners in 13 nations (as on July '08).
Core Team Profile
CTO and Director – Operations
Amit is a co-promoter of Time Broadband
Services Private Limited and also of Broadband-Tech Private Limited.
His vision ‘New Gen Tech for Next Gen’
A specialist in integrating new technology for broadcast, media and
entertainment convergence in entertainment and telecom. As a telecom expert, he
has transcended borders in the areas of Satellite broadcast and communication
networking with extensive experience in India and the Asia-Pac region.
Having exposed to telecom and broadcast in his role as a strategic advisor and
corporate technology planning includes stints at COMSAT RSI where he
spearheaded On command Video service and installation of tele ports . He has
pioneered India’s first KU band VSAT service for financial networking for
SaharaNet.
With two decades of experience to back, his innovative mind was the key
driver for the formation of the group with other content co-promoters
He spearheaded the launch of India’s first regional vernacular satellite channel
‘Sun TV’. He has also launched channels like ATN, ESPN and Sahara TV. In
addition to these he plays a multifaceted role as a corporate advisor on
technology to various companies like Balaji Telefilms Limited , B R Chopra BVTI
(Disney-Modi JV), Film and TV Media group, Blockbuster Distribution Limited ,
amongst others. Amit also has gone transnational consulting with Asiastar
Communication (USA), Cinemeta Digital-Cinema (Singapore) and Ceycom Global
Services (Sri Lanka)
Amit is an acclaimed speaker in various national and global trade forums since
1990. He holds a PGD in International Trade from ‘NCTI’, Advanced Trade Diploma
in Masscom from 'SPJC' and alumni of the elite national academy ‘Indian
Institute of Science’
Managing Director and CEO and Co founder
With a wealth of over 12 years of experience as an entrepreneur and media
advisor, her forte is focused in the convergence of broadcast and telecom
domains
Her vision of seamless fusion of entertainment and telecom, spurred her to
introduce IPTV in India. She envisions maximizing entertainment of the
consumers’ choice during their disposable time. She terms this experience
‘Flexible Entertainment’. Eternally exploring new horizons, she intends
altering home entertainment transcending across generations from Fixed Point
Chart (FPC) to Flexible Program Choice’
Sujata is also a co-founder of Associated Consultancy Enterprise, an advisory
service for multiple-platform entertainment and new media project
implementation focused on research and analysis. She also holds Directorship in
‘Samurai Entertainment Private. Ltd and is a subject specialist for the IMAX
JV, the mega screen 3-D entertainment experience.
Armed with Masters in Statistics from ‘Indian Statistical Institute’, Kolkota,
PGD in Industrial and Applied Psychology from UCLA and a Professional
Certificate for WIPO/ICC project management London, specializing in IPR and
Transactions coupled with exploring new vistas in the convergent business, she
brings in a potent combination of education and industry experience
A prolific speaker, she has addressed over 100 august gatherings in both
International and National forums. She has also submitted numerous white-papers
on media convergence
CFO and Director - Commercial
Tushar Shah is a co-promoter of Time Broadband taking care of Finance
and global syndication strategy, who specialize in managing Boutique Investment
focusing on Media, Advisory and Financial Institutions for International Funds,
Investment Shoppers, High Net-worth Individuals and Corporate Houses; who are
guided by Mr. Shah on Media focus for emerging revenue-domains.
Tushar is Chartered Accountant by training, has practiced dedicated media and
cable advisory and financial investment banking services for over ten years
after over six years of general practice in Audit and corporate Taxation
related works. His relations with top officials in Government and Trade has
been superb, which networking has been deftly nurtured by Mr. Shah over the
years.
Mr. Shah was partner with "Communications Equity Associate", the
world's largest investment bank in the field of media and communications. Has
represented large international media companies like ESPN, NBC, CNBC, Disney,
Family Channel, National Geographic etc. and has participated in transactions
amounting to over Rs. 5000 millions
Has established relationships with various international equity funds and
institutions and also has direct access with media companies or Investment
Banks specializing in media, with content providers who can double up as joint
venture partners in cable and satellite television inputs for convergent
interactive projects.
Managed corporate advisory assignments in media and telecom domain for major
projects of client firms in East Africa as well as South East Asia; gathering
valuable expertise for both Financial and Commercial aspects, which has helped
him in this IPTV project. Since he has worked with the other Co-founders for
past 15 years since Sun-TV and ESPN deals, the co-ordination and mutual trust
between them is the highest.
Services:-
Interactivity for the first time in India through Broadband connectivity
by subject allows the end user to always stay connected to the system portal
accessing all kinds of programming which are made available when they access
from their landline. Subscriber will be able to choose from items displayed in
Electronic Program Guide; as per their wish list and despatch request to the
system in order to view the content of his own choice, at his convenient time
and at a price which is affordable to him. Customer aspiration research will
recommend license acquisition of different multi-media content to be offered to
the audiences, which are initially as follows,
Due to 100% transparency of homes receiving the subject signal, the
creative fraternity have actively participated on their broadband platform.
Revenue share proposition has been accepted by content providers as the basis
of their participation. Digital content package of pay TV and FTA (Free to Air)
bouquet. International TV channel content currently not available in India may
be also made available, on premium package. Content protection system and
access control, has been installed by the company to ensure the copyright
protection of all contents. Full proof blocking of download from the system
also combats the menace of piracy which had been the cause of revenue loss in
past. 192 bit PKI combined with triple layer digital encryption (AES) having
active water marking will be used.
Content Delivery Network project of subject is powered by the Triple
Play technology sourced from the best of the broadband domain, the company
today, is poised to provide "Home Entertainment On Demand" service to
millions of subscribers currently in Delhi and Mumbai. Following the global
trend, where major telecom companies have consciously migrated into the rich
media domain to trigger off convergent revenue; their planned roll-out schedule
at MTNL today is close to the take off point, for this next generation
networking of interactive multimedia services. Subject has already entered into
active dialogue with other telecom service providers, who have seen the
commissioning of CDN at Delhi NOC; got impressed with the new technology
on-action. Many of them have also invited subject to explore the opportunity to
deliver the media content convergent service to their own customer base on
appropriate terms of revenue share or strategic alliance.
With the growth of public awareness for multiple services, only offering
high-speed internet on broadband platform is much below the satisfaction level
of the customer who is keen to get On Demand global quality services. This
essence of media business over the new technology platform will be implemented
by subject; where the access is guaranteed by riding on MTNL network. Content
provider is assured of his legitimate revenue, due to the transparent online
monitoring of service utilization by the Tri-band subscriber. With the pilot
project running for past few months at few hundred homes in Delhi; the interest
among the content community thought leaders have been swang in the favourable
orientation.
Subject has taken deep introspection of the strong points of convergent networking
and have leveraged the plus points of telecom access with content power to
combine them into the new business order. The most important inference, which
duly emerged was the magnanimous numerical advantage of last-mile copper wire
linkage to over 90% plus consumer homes. Utilizing the technology that energise
this copper-wire to create the golden value. ADSL 2+ will offer the customer
with high-speed interactivity as the greatest revenue garnering potential to
both MTNL and its pioneering content provider TBSPL. Content and access are the
two elements integrally associated with communication; which unlocks large
revenue generation when these two compliment each other.
PRESS ANNOUNCEMENT
29th Jan. 2007
Time Broadband Signs Deal With Amino
Time Broadband Services Private. Limited (TBSPL), the pioneering IPTV service provider in India, and
Cambridge UK based Amino Communications Ltd, world leading IPTV platform
supplier, have formally announced a commercial deal to manufacture AmiNET125
H.264 AVC (MPEG-4, Part 10) compliant Set-Top Boxes (STBs), for the Indian
market, through Time Broadband’s overseas associate company, Dimensions
Broadband UK. The substantial contract, with initial Fixed License fee &
on-going Royalty arrangement with Amino, marks their expansion within emerging
markets of the Indian sub-continent.
This deal will enable TBSPL to execute mass deployments of its “MY TIME” IPTV
Package with the dynamic middleware provided by Kasenna of USA, a very popular
and successful product with open architecture working on DHTML. Based on the
opinions of the major Hollywood studios, TBSPL has selected Verimatrix of USA
as their Content Protection provider which invisibly provides session-based
Water Marking to enable forensic tracking of piracy, using highest security
levels empowering the TBSPL recommended CDN stack.
The AmiNET125 STB, which is designed on the “Da Vinci” SOC chip from
Texas Instruments of USA, is integrated with both Kasenna Middleware and
Verimatrix Content Protection enabling TBSL to use these important elements in
its state of the art IPTV ecosystem developed around the H.264 AVC technology.
This triggered the selection of Amino as the partner to provide IPTV software
and the hardware design for the manufacture of STBs by Dimensions Broadband UK,
in the defined territories.
Mrs. Sujata Dev, Managing Director & Chief Executive Officer of TBSPL
explains “STBs play the most critical role in the IPTV business, empowering the
customer to choose interactive digital content on demand. This relationship
with a leading industry partner like Amino would further strengthen TBSPL in
establishing the business matrix in the Indian market, capable of providing a
total end-to-end CDN solution to Telecom Operator partners intending to launch
IPTV”.
Time Broadband plans to leverage the combined power of Amino STBs supporting
Kasenna and Verimatrix applications to offer its IPTV services to customers
across the Indian subcontinent, the Middle East and parts of East Africa; to
revolutionise home entertainment.
Roy Kirsopp, VP of Amino Communications Limited stated: “This agreement gives Amino greater access to the tier-1
Telcos in India, a country with a population of over 1 billion having potential
to be the fastest growing IPTV market. We believe this deal validates our
licensing model, enabling us to sell in key markets where large-scale
manufacturing in the local plants is critical to success. Our international
experience, and technical expertise with proven solutions, will enable TBSL to
provide a globally benchmarked IPTV service using Amino technology. We know
that the sleek design and ease of operation of the AmiNET125 STB will delight
customers of the TBSPL “My
TIME” IPTV service.”
Sujata Dev added: “This landmark deal will allow Time Broadband to
target multiple telecom operators with a consumer base of over 60 million; the
objective is to maximise IPTV penetration in consumer homes. To enhance
consumer experience and delight, we chose Amino as our partner to provide the
technology for STBs. This agreement gives us flexibility when manufacturing our
own products, introduce futuristic technology at an economical cost while
reducing the lead time to enter all major Indian markets in 2007; which is
hailed by the Government as the Indian year of Broadband”.
The recently signed deal covers a significant licensing contract for which
Amino has already been paid and for an initial supply of AmiNET125 STBs for
immediate Service roll-out. The agreement provides for the licensing of the
AmiNET125 STB design and Amino’s IntActTM IPTV software stack for the
manufacture and sale of STBs in the Indian sub-continent and Middle-East
markets. Within the framework of the same agreement, Amino will receive
stipulated royalties on locally manufactured STBs and software in addition to
the initial licence fee.
About Amino Communications (England)
Amino Communications ( www.aminocom.com ) supplies the AmiNET™ series of
set-top boxes, renowned for their low-cost and reliability. The AmiNET range
materially reduces service operators’ capital expenditure, whilst offering the
full range of specification required; MPEG2 and MPEG4 encoding standards,
standard and high definition TV, personal video recording and home networking.
The high performance coupled with the innovative design of Amino’s set-top
boxes, has brought the series industry accolades and the company a leading
position within the IPTV market.
The AmiNET series of IPTV set-top boxes has been used by more than 600
customers in commercial deployments and trials in over 50 countries worldwide.
The set-top boxes have also been sampled by an additional 800 customers. Amino
Communications’ principal customers are telecommunications, broadcast and
hospitality service operators. Generally, AmiNET products are supplied with the
IntAct™ IPTV software stack pre-loaded.
Amino Communications is a wholly owned subsidiary of Amino Technologies plc.
listed on the London Stock Exchange AIM, symbol AMO. Amino’s HQ is based near
Cambridge, UK, with offices worldwide.
About Time Broadband (India)
Time Broadband Services Private.
Limited (www.timebroadbandindia.com) is
a closely held company providing the a) IPTV Management of Customer interface
and Marketing of operator co-defined bundles b) Content Delivery Network
Technology Deployment & manpower support with inputs from top
Techno-providers; c) Content Aggregation & digital Re-purposing for
Content-providers. TBSPL has entered into strategic alliances for syndication
with several types of IPR holders in India and abroad, with a target to reach
over a million homes by 2010.
TBSPL is presently involved in the business of providing IPTV content package
on the cutting edge technology of H.264 AVC, after one year of testing
different technology options for the CDN on the MTNL’s ADSL2+ platform and
working on interoperability issues between leading suppliers of CDN components
and applications.
‘My TIME’™, the service brand of Time broadband IPTV; was launched on 20th
December 2006, in Delhi from our state-of-the-art Network operating centre,
with 100 digital H.264 AVC multicast channels with Time Shift TV, EPG, VOD and
VAS as a versatile service to be soon available across India on broadband
delivery platforms leveraging multiple last-mile technologies to enable
interactive rich-media service roll-out on both PC and TV.
ALLIANCE MATRIX
TBSPL has entered into a multiple strategic alliances with domain specific
expert corporate entities in order to assimilate the know-how for various
telecom operators project implementation to ensure quality operations. We
present some of the prominent strategic alliance initiative of superlative kind
to strengthen our eco-system, as of Jan.'07.
Our most noted strategic partner for technology integration, vender
selection and facilities management is Hewlett - Packard Corporation. On a
Global scale, HP represents the cutting edge technology adaptation and highest
quality of manpower skill recognition in digital media and IPTV domain; will
support the project with system integration and facilities management.
Management consultancy and internal system audit in the focus area of
our media adviser KPMG of England, whose expertise will be available to us for
monitoring of the ‘On demand' revenue sharing amount, with all stake-holders
from content fraternity, on transparent basis; certifying the trigger for
revenue share, as new concept in Indian media industry.
JWT enjoys an undisputed reputation as one of the most strategic and
creative agency in the WPP group. It is on a retainer arrangement with us for
superior creative conceptualization and rendering services, for ‘MY TIME
interactive' platform; for pushing the product from 'anonymous' to the 'most
preferred' positioning.
IMRB, another WPP wing has been engaged by us to conduct thorough
research of quantitative nature for tracking consumer aspirations. Customer
satisfaction audit will be also done as ongoing process of qualitative study by
IMRB through large Sample-base across India; using the power of this
interactive system to gather information.
Encompass has the right combination of creative factor and strategic
aspect for product launch related marketing; communication proven beyond doubt
with some of the most noted roll outs remembered by the public for the event
value with star appeal through innovative ideas; some of which will be evident
in IPTV launch.
CONSORTIUM DEAL
The Government of India has adapted and declared 2007 as the year of
broadband to enhance national productivity. The policy has been widely
publicised; which forms the basis of Telecom Operators broadband project. The
envisaged association of Telecom Operators and TBSPL Consortium is based on the
objective to enhance the customer satisfaction level by enabling trendy
Triple-play value added "On Demand Multi-media Service" activation.
Telecom Operators will be responsible for installation of broadband
infrastructure up-gradation and also upkeep of their networks. All telecom
operators will provide minimum guaranteed bandwidth to the customer for smooth
and un-interrupted running of the total rich media service bouquet.
The revenue collection will be through telecom operators, to meet the
load of consumer billing interface, upgraded with online or on portal for
consumer inspection cum verification through our ERP, MW & DRM combination.
To collect the sum invoiced and duly pass on the revenue share to TBSPL on due
date for post-paid services to a dedicated account, as per the invoicing system
which should be reflected in the new format of itemized billing pattern to
clearly give all details.
Telecom Operators will be coordinating the content delivery over their
comprising of OFC (Optical Fiber Cable) core, copper-wire last-mile and call
center facility in both Mumbai and Delhi (including the Inter-metro high-speed
communication back-bone), for the proposed content delivery system. Telecom
Operators have already installed over a million of rich media video delivery
capable triple play ports, to become one of the world's largest network system
owner as of January 2007.
Promotion cum marketing service affiliation through multi-layer customer
direct contact exercise will be carried out consistently, through collaborative
effort with joint advertising. Strengthening of customer awareness levels and
aspiration built-up that will allow in-road among select groups of current
Telecom Operators consumers' and even beyond the existing customer base across India
.
America Latest News
· Interactive Media Conference: All India Launch of WEB-on-CALL by BSNL Broadband Network at World BPO Forum Summit 2008, USA.
· Timebroadband partners Assocham for FOCUS 2008, 2nd Global Summit Entertainment and Media, 17th - 18th November 2008.
· WEB-on-CALL: Voice Activated Internet, a service Bridging Digital Divide, soon in India. Press Release and website record.
China Press Release
· TIME-Stanton JV Signs IPTV on Mobile Pact with China Mobile (World No.1 Operator). For preview of Olympic on their launch of 3G service.
· Press Conference for Signing Ceremony of Precise Media Strategic Co-operation Agreement in Beijing with CNTI, China for content inputs.
· China Teleformation IPTV over Mobile press ad in leading national publication of China.
Malaysia Press Release
· DIGI subscribers have access to latest bollywood entertainment content on their D'podCast through Time-Stanton deal.
· DIGI's D'podCast to offer Bollywood Content from MyTime package.
· In Malaysia, telecom services top innovation ranking (DIGI No.1 is our partner).
India Press Release
· Guild Greats:"Dr. B.R. Chopra" The Living Legend Mini Festival at New Delhi, India sponsored by Time Broadband Services Private. Limited
· Bollywood Content on IPTV in Malaysia : Interview of our CEO and MD.
· Union Budget 2008-2009 Monogram of Assocham sponsored by sponsored by Time Broadband Services Private. Limited .
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.45.94 |
|
UK Pound |
1 |
Rs.82.84 |
|
Euro |
1 |
Rs.65.95 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
--- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
--- |
|
--PROFITABILIRY |
1~10 |
--- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
--- |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
21 |
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 |
|