MIRA
INFORM REPORT
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Report Date : |
30.04.2011 |
Note : The company has shifted from the above address.
IDENTIFICATION DETAILS
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Name : |
SHOBIZ EXPERIENTIAL COMMUNICATIONS PRIVATE LIMITED (w.e.f. 08.01.2007) |
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Formerly Known
As : |
SHOBIZ EVENT SOLUTIONS PRIVATE LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2009 |
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Date of Incorporation
: |
27.12.1996 |
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Com. Reg. No.: |
11-104722 |
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CIN No.: [Company Identification
No.] |
U92140MH1996PTC104722 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS22765B |
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PAN No.: [Permanent Account No.] |
AABCS4372D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into the activity of delivering integrated
Experiential Communication Solutions. |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Ajay Kaimal |
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Designation : |
Finance Department |
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Contact No.: |
91-22-61949596 |
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Date : |
27.04.2011 |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-22-23430743 |
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Fax No.: |
91-22-23411997 |
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E-Mail : |
ajay.kaimal@shobizexperience.com
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Website : |
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Area : |
3000 Sq. ft. (Approximately) |
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Location : |
Owned |
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Corporate Office : |
Parijat House, 4th Floor, 1076, |
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Tel. No.: |
91-22-61949596 |
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Fax No.: |
91-22-24991790 |
DIRECTORS
As on 22.09.2009
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Name : |
Mr. Rehmatali Tobaccowala |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
18.12.1932 |
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Date of Appointment : |
27.12.1996 |
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Name : |
Mr. Sameer Tobaccowala |
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Designation : |
Director |
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Address : |
Flat No. 14, Marlow CHS, 3rd Floor, Plot No. 62/B, Sir
Pochkhanwala Road, Worli, Mumbai – 400025, Maharashtra, India |
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Date of Birth/Age : |
10.03.1972 |
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Date of Appointment : |
27.12.1996 |
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Name : |
Mr. Tejpal Singh Patpatia |
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Designation : |
Director |
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Address : |
706, Luv Apartment, Opp. MTNL Office, |
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Date of Birth/Age : |
06.09.1974 |
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Date of Appointment : |
15.05.2005 |
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Name : |
Mr. Subir Majumdar |
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Designation : |
Director |
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Address : |
A-9, 3rd Floor, Blue Nile Apartment, 39, |
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Date of Birth/Age : |
08.04.1973 |
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Date of Appointment : |
15.05.2005 |
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Name : |
Ms. Shital Tobaccowala |
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Designation : |
Director |
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Address : |
Marlow CHS Limited, 3rd Floor, Flat No. 14, Plot No. 62 B, |
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Date of Birth/Age : |
27.07.1972 |
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Date of Appointment : |
02.03.2009 |
KEY EXECUTIVES
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Name : |
Mr. Ajay Kaimal |
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Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2009
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Names of Shareholders |
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No. of Shares |
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Rehmatali Tobaccowala |
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1 |
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Sameer Tobaccowala |
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1249 |
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Tania Event Management Private Limited ( |
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1250 |
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Total |
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2500 |
As on 22.09.2009
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Category |
Percentage |
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Bodies corporate |
50.00 |
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Directors or relatives of Directors |
50.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged into the activity of delivering integrated
Experiential Communication Solutions. |
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Terms : |
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Selling : |
Cash and Credit (30 days) |
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Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
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Customers : |
End users and OEM’s |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Paresh Dave and Company Chartered Accountant |
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Address : |
33/986, Pant Nagar, Ghatkopar (East), Mumbai – 400075, |
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Tel. No.: |
91-22-30562481 |
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Fax No.: |
91-22-25128702 |
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E-Mail : |
CAPITAL STRUCTURE
As on 22.09.2009
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2500 |
Equity Shares |
Rs.100/- each |
Rs.0.250
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.250 |
0.250 |
0.250 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.045 |
0.045 |
0.045 |
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4] (Accumulated Losses) |
(0.831) |
(4.452) |
(8.045) |
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NETWORTH |
(0.536) |
(4.157) |
(7.750) |
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LOAN FUNDS |
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1] Secured Loans |
17.954 |
21.632 |
16.442 |
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2] Unsecured Loans |
2.132 |
0.852 |
3.145 |
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TOTAL BORROWING |
20.086 |
22.484 |
19.587 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
19.550 |
18.327 |
11.837 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
7.700 |
7.854 |
7.967 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.031 |
0.042 |
0.078 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
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0.000 |
0.000 |
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Sundry Debtors |
47.486
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57.591 |
55.275 |
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Cash & Bank Balances |
3.279
|
0.941 |
0.686 |
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Other Current Assets |
0.000
|
3.400 |
3.400 |
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Loans & Advances |
46.953
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29.053 |
19.649 |
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Total
Current Assets |
97.718
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90.985 |
79.010 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
57.520
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62.067 |
58.396 |
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Other Current Liabilities |
25.385
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15.889 |
15.355 |
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Provisions |
3.100
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2.810 |
1.785 |
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Total
Current Liabilities |
86.005
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80.766 |
75.536 |
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Net Current Assets |
11.713
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10.219 |
3.474 |
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MISCELLANEOUS EXPENSES |
0.106 |
0.212 |
0.318 |
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TOTAL |
19.550 |
18.327 |
11.837 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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Income |
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Other Income |
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TOTAL |
405.619 |
304.838 |
257.917 |
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PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
12.863 |
3.563 |
3.563 |
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FINANCIAL
EXPENSES |
4.821 |
5.249 |
2.798 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.042 |
7.607 |
0.884 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
2.410 |
2.278 |
1.975 |
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PROFIT BEFORE
TAX |
5.632 |
5.329 |
(1.091) |
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Less |
TAX |
2.011 |
1.736 |
0.985 |
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PROFIT AFTER TAX |
3.621 |
3.593 |
(2.076) |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(4.452) |
(8.045) |
(5.969) |
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BALANCE CARRIED
TO THE B/S |
(0.831) |
(4.452) |
(8.045) |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
90.613 |
10.883 |
16.599 |
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TOTAL EARNINGS |
90.613 |
10.883 |
16.599 |
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Earnings Per
Share (Rs.) |
1.45 |
-- |
-- |
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Particulars |
|
31.03.2011 |
31.03.2010 |
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Sales Turnover |
|
600.000 (Approximately) |
500.000 (Approximately) |
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Expected Sales ( 2011-2012 ) : Rs.750.000 Millions
KEY RATIOS
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PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
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PAT / Total Income |
(%) |
0.89
|
1.18 |
(0.80) |
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.34
|
5.39 |
(1.25) |
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Return on Investment (ROI) (PBT/Networth) |
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(10.51)
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(1.28) |
0.14 |
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Debt Equity Ratio (Total Liability/Networth) |
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(197.93)
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(24.84) |
(12.27) |
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Current Ratio (Current Asset/Current Liability) |
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1.14
|
1.13 |
1.04 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS :
(Rs.
in Millions)
|
Particulars |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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Creditors for Expenses |
57.520 |
62.067 |
58.396 |
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Total |
57.520 |
62.067 |
58.396 |
FIXED ASSETS :
- Furniture and
Fixtures
- Office
Equipments
- Machinery
- Computers
- Vehicles and
Motor Cars
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.44.38 |
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|
1 |
Rs.73.88 |
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Euro |
1 |
Rs.65.83 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
3 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
2 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
27 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.