MIRA
INFORM REPORT
|
Report Date : |
02.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
NINE WINDS MEDIA AND ENTERTAINMENT PRIVATE LIMITED [w.e.f. 08.08.2007] |
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Formerly Known As : |
NINE WINDS MEDIA PRIVATE LIMITED |
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Registered Office : |
Building No. 3/A, Flat No. 703, Shiv Bhagtani Monor, Near S.M. Shetty
School, Powai, Mumbai – 400076, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
11.06.2003 |
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Com. Reg. No.: |
11-140846 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
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CIN No.: [Company
Identification No.] |
U74300MH2003PTC140846 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMN12044E |
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PAN No.: [Permanent
Account No.] |
AABCN7747B |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Service Provider of online advertisement for entertainment movies. |
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No. of Employees
: |
45 [In Office + In Branches] Approximately |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 117000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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` |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is Active. Payments are reported to
be usually correct as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES : Any query related to this
report can be made on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY [General Details]
|
Name : |
Mr. Praful Modi |
|
Designation : |
Accounts Head |
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Contact No.: |
91-22-67310999 |
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Date : |
01.12.2011 |
LOCATIONS
|
Registered Office : |
Building No. 3/A, Flat No. 703, Shiv Bhagtani Monor, Near S.M. Shetty
School, Powai, Mumbai – 400076, |
|
Tel. No.: |
91-22-67310999/42020999/26744003 |
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Fax No.: |
91-22-67310928/42020953 |
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E-Mail : |
info@ninewinds.co.in , info@digit9.co.in , sandeep.shridhar@gmail.com, pmodi@ninewinds.co.in , office@sarawgi.co.in , casarawgi@gmail.com |
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Website : |
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Location : |
Owned |
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Branches : |
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DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Deepak Jaswani Metharam |
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Designation : |
Director |
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Address : |
3-A, Shiv Bhaktani Manor, Flat No. 703, Near Shetty School, Powai,
Mumbai – 72, Maharashtra, India |
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Date of Birth/Age : |
38 Years |
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Date of Appointment : |
11.06.2003 |
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DIN : |
01472372 |
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Name : |
Mr. Hemant Vishindas Khatija |
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Designation : |
Director |
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Address : |
C/44, Amar Jivan Society, 41, |
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Date of Appointment : |
17.08.2009 |
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DIN : |
02732273 |
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Name : |
Mr. Harish Laxmandas Hargunaney |
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Designation : |
Director |
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Address : |
702, Imperial Heights Evershine CHS Limited, 16th / |
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Date of Appointment : |
20.10.2010 |
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DIN : |
03297992 |
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Name : |
Mr. Anthony Dsouza |
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Designation : |
Director |
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Address : |
5A, |
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Date of Appointment : |
20.10.2010 |
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DIN : |
03315850 |
KEY EXECUTIVES
|
Name : |
Mr. Praful Modi |
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Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
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No. of Shares |
|
Deepak Jaswani |
|
990000 |
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|
9786 |
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Anchal Punjabi |
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1 |
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Deep Drona |
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1 |
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Disha Punjabi |
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1 |
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Haresh G. Punjabi [HUF] |
|
1 |
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Rajesh Punjabi |
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1 |
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V.P. Khatija |
|
1 |
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Kamlesh Bhatija |
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1 |
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L.G. Punjabi |
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1 |
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Poonam Punjabi |
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1 |
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Rajesh D. Khatija [HUF] |
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1 |
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Seema Gurbaxani |
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1 |
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Vandana Peswani |
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1 |
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Vanita Manohar Dharmalani |
|
1 |
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Anthiny D’Souza |
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1 |
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Haresh Hargunaney |
|
100 |
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100 |
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Total |
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1000000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
99.97 |
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Other top fifty shareholders |
|
0.03 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Service Provider of online advertisement for entertainment movies. |
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Services : |
Media and Entertainment |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
45 [In Office + In Branches] 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 : |
Sandeep Shridhar and Associates Chartered Accountants |
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Address : |
13/103, Indradarshan II, Opposite Millat Nagar, New Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India |
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Pan No.: |
AGPPS7627C |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,000,000 |
Equity Shares |
Rs.10/- Each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,000,000 |
Equity Shares |
Rs.10/- Each |
Rs.10.000 Millions |
Of the above 990000 equity shares of Rs.10/- each were issued as bonus shares in
the ratio 99:1 on 01.09.2008
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
19.301 |
14.143 |
13.382 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
29.301 |
24.143 |
13.482 |
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LOAN FUNDS |
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1] Secured Loans |
10.000 |
45.054 |
20.070 |
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2] Unsecured Loans |
32.062 |
0.000 |
0.000 |
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TOTAL BORROWING |
42.062 |
45.054 |
20.070 |
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DEFERRED TAX LIABILITIES |
1.284 |
0.888 |
0.419 |
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TOTAL |
72.647 |
70.085 |
33.971 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
22.364 |
23.556 |
9.203 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.050 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000
|
0.000 |
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Sundry Debtors |
100.447
|
144.842
|
86.187 |
|
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Cash & Bank Balances |
6.533
|
1.952
|
3.521 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
51.016
|
38.017
|
20.528 |
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Total
Current Assets |
157.996
|
184.811
|
110.236 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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|
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Sundry Creditors |
77.899 |
125.793 |
80.745 |
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Other Current
Liabilities |
29.987
|
12.658
|
2.839 |
|
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Provisions |
0.237
|
0.237
|
1.897 |
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Total
Current Liabilities |
108.123
|
138.688
|
85.481 |
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Net Current Assets |
49.873
|
46.123
|
24.755 |
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MISCELLANEOUS EXPENSES |
0.360 |
0.406 |
0.013 |
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TOTAL |
72.647 |
70.085 |
33.971 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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|
|
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|
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Sales and Service Income |
269.888 |
382.588 |
170.819 |
|
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Other Income |
13.685 |
17.944 |
3.910 |
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TOTAL (A) |
283.573 |
400.532 |
174.729 |
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Less |
EXPENSES |
|
|
|
|
|
|
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Operating Expenses |
237.047 |
346.510 |
146.651 |
|
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Personnel Expenses |
18.508 |
13.194 |
8.213 |
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|
|
Administrative and other Expenses |
13.065 |
13.855 |
7.030 |
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TOTAL (B) |
268.620 |
373.559 |
161.894 |
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PROFIT/[LOSS]
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.953 |
26.973 |
12.835 |
|
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|
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Less |
FINANCIAL
EXPENSES (D) |
7.283 |
6.806 |
1.053 |
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|
PROFIT/[LOSS]
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.670 |
20.167 |
11.782 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.116 |
1.296 |
0.558 |
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PROFIT / [LOSS]
BEFORE TAX (E-F) (G) |
5.554 |
18.871 |
11.224 |
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Less |
TAX (H) |
0.396 |
8.210 |
4.057 |
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PROFIT / [LOSS]
AFTER TAX (G-H) (I) |
5.158 |
10.661 |
7.167 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.643 |
11.882 |
7.970 |
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
Bonus share issued |
0.000 |
9.900 |
0.000 |
|
|
|
General Reserve [Including Rs.1.000
million for earlier year] |
0.000 |
0.000 |
1.500 |
|
|
|
Proposed Dividend |
0.000 |
0.000 |
1.500 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
0.255 |
|
|
|
BALANCE CARRIED
TO THE B/S |
17.801 |
12.643 |
11.882 |
|
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Earnings/[Loss]
Per Share (Rs.) |
5.60 |
10.66 |
716.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.82
|
2.66
|
4.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.06
|
4.93
|
6.57 |
|
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|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.08
|
9.06
|
9.40 |
|
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|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.78
|
0.83 |
|
|
|
|
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
5.12
|
7.61
|
7.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.33
|
1.29 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Due to Micro,
Small and Medium Enterprises |
0.000 |
0.000 |
0.000 |
|
Due to Others |
77.899 |
125.793 |
80.745 |
|
Total |
77.899 |
125.793 |
80.745 |
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Construction
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
- |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
No |
|
Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
No |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
Yes |
|
Major
Customers |
Yes |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
No |
|
Incorporation
details, if applicable |
- |
|
Last
accounts filed at ROC |
- |
|
Major
Shareholders, if applicable |
- |
Notes:-
The Registered Office
of the company has been shifted from D-5, Sachatma Society Ghatla Village Road,
Chembur, Mumbai – 400 071, Maharashtra, India
to the present address w.e.f. 21.05.2007.
Bankers Charges
Report as per Registry
|
This form is for |
Creation of charge
|
|
Corporate
identity number of the company |
U74300MH2003PTC140846 |
|
Name of the
company |
NINE WINDS MEDIA AND ENTERTAINMENT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Building No. 3/A, Flat No. 703, Shiv Bhagtani Monor, Powai, Mumbai –
400076, Maharashtra, India |
|
Type of charge |
Book Debts |
|
Particular of
charge holder |
The Hong Kong and Shanghai Banking Corporation, 52/60, Email: dattatrayjadhav@hsbc.co.in
|
|
Nature of
description of the instrument creating or modifying the charge |
Agreement for overdraft/loan
and/or any other banking facilities against hypothecation of book debts. |
|
Date of
instrument Creating the charge |
23.09.2008 |
|
Amount secured by
the charge |
Rs.50.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest @ 13.50%
p.a, shall be calculated on the daily debit balance of the credit facilities. Terms of
Repayment On Demand Margin As may be stipulated
by Bank from time to time. Extent and
Operation of the charge The Company
hypothecates to the Bank all book
debts as security for the payment to the Bank of the balance at any time at
debit of the said facilities together
with all interest discount commission charges costs and expenses payable to
or incurred by the Bank in relation to any such indebtedness or liabilities. |
|
Short particulars
of the property charged |
Hypothecation of
specific receivables of the factored debts of specific debtors of the
Borrower. |
TRADE REFERENCES :
- UTV
Entertainment Television Limited
- Star Plus
FIXED ASSETS:
- Office Equipment
- Computers
- Furniture and Fixtures
- Motor Vehicles
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.51.65 |
|
|
1 |
Rs.81.06 |
|
Euro |
1 |
Rs.69.51 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--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 |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
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.