MIRA
INFORM REPORT
|
Report Date : |
17.02.2011 |
The Correct Name of the Company is “REAL IMAGE MEDIA
TECHNOLOGIES PRIVATE LIMITED”
IDENTIFICATION DETAILS
|
Name : |
REAL IMAGE MEDIA TECHNOLOGIES PRIVATE LIMITED (w.e.f.20.04.2000) |
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Formerly Known
As : |
Media Artists Private Limited |
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Registered
Office : |
No.7B, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of Incorporation
: |
01.01.1986 |
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Com. Reg. No.: |
18-012536 |
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CIN No.: [Company Identification
No.] |
U92490TN1986PTC012536 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHEM01218A |
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PAN No.: [Permanent Account No.] |
AAACM2150N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company Is Engaged in The Media and Entertainment Industry |
RATING & COMMENTS
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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 4667000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The
company has successful in wiping off the losses of previous year. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and 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.
ECGC Country Risk Classification List – April 1, 2010
|
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 |
LOCATIONS
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Registered Office : |
No.7B, |
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Tel. No.: |
91-44-42041505 |
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Fax No.: |
91-44-42060761 |
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E-Mail : |
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Website : |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Jayendra Panchapakesan |
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Designation : |
Whole-time Director |
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Address : |
2A, Paduka Apartments, 9, First Cross Street CIT Colony, Chennai –
600004, |
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Date of Birth/Age : |
21.03.1958 |
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Date of Appointment : |
28.04.2000 |
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DIN : |
00320286 |
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Name : |
Mr. Vasu Devan Raj |
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Designation : |
Nominee Director |
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Address : |
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Date of Birth/Age : |
19.08.1946 |
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Date of Appointment : |
17.07.2009 |
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DIN : |
01115565 |
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Name : |
Mr. Sameer Anil Wagle |
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Designation : |
Nominee Director |
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Address : |
202, Vinayak Angan, |
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Date of Birth/Age : |
08.05.1971 |
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Date of Appointment : |
21.08.2008 |
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DIN : |
02341432 |
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Name : |
Mr. Senthil Kumar Veerappan |
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Designation : |
Whole-time Director |
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Address : |
16, |
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Date of Birth/Age : |
07.11.1963 |
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Date of Appointment : |
25.02.1989 |
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DIN : |
00320535 |
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Name : |
Mr. Yoshiki Hashimoto |
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Designation : |
Nominee Director |
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Address : |
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Date of Birth/Age : |
24.06.1954 |
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Date of Appointment : |
27.08.2008 |
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DIN : |
02341471 |
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Name : |
Mr. Willie Long Chi Wong |
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Designation : |
Alternate Director |
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Address : |
G/F, |
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Date of Birth/Age : |
06.11.1960 |
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Date of Appointment : |
29.01.2010 |
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DIN : |
02989240 |
KEY EXECUTIVES
|
Name : |
Mr. M. Srinivasan |
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Designation : |
Secretary |
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Address : |
“Prajwal Vaishnavi”, 864A, |
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Date of Birth/Age : |
12.11.1964 |
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Date of Appointment : |
03.05.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preference Shares |
|
Mr. Jayendra Panchapakesan |
357750 |
- |
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Mr. Arun Veerappan |
295000 |
- |
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Mrs. Meena Veerappan |
503800 |
- |
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Mr. Senthil Kumar |
553100 |
- |
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Ms. Vee. Vijayalakshmi |
234000 |
- |
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Mr. V. Siva Kumar |
187200 |
- |
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Mr. A.J. Joseph Enok |
44500 |
- |
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Mrs. Julie Enok |
6000 |
- |
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Mr. S. Gunaseelan |
30000 |
- |
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Mr. D. Ashok Kumar |
30000 |
- |
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M/s. Textam Productions Private Limited, Chennai, |
6000 |
- |
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M/s. Real Image Private Limited, Chennai, |
1746725 |
- |
|
P.C. Sreeram |
357750 |
- |
|
M/s. RI Computers Private Limited, |
715500 |
- |
|
Trans Global Technologies Inc, |
455766 |
- |
|
StreetEdge Goldengate Inv. |
1597302 |
- |
|
Intel Capital Mauritius Limited, |
2571 |
- |
|
Viju Thomas |
24000 |
- |
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Canara Bank, Mumbai, |
531567 |
- |
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Andhra Bank, Mumbai, |
354378 |
- |
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Union Bank Of |
354378 |
- |
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Mr. Vijay Kumar Angadi |
4543 |
- |
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Mr. P.C. Nayak |
4543 |
- |
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CSI BD ( |
790 |
- |
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Reliance Capital Limited, Navi Mumbai, |
790 |
- |
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Nomura Asia Investment Private Limited, |
625747 |
- |
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Mr. P. Venkatesh |
3000 |
- |
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Intel Capital Mauritius Limited, |
|
2768569 |
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CSI BD ( |
|
789941 |
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Reliance Capital Limited, Navi Mumbai, |
|
789941 |
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Nomura Asia Investment Private Limited, |
|
3095160 |
|
Total |
9026700 |
7443611 |
As on 30.09.2010
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
30.00 |
|
Nationalized or Other
Banks |
14.00 |
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Bodies corporate |
27.00 |
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Directors or relatives of Directors |
24.00 |
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Other top fifty shareholders |
5.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company Is Engaged in The Media and Entertainment Industry |
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Products : |
Recording Re-recording and mixing for features films, production of
tele-films, Advertisement of films Item Code No. – 370690.40 |
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GENERAL INFORMATION
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Bankers : |
Address : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountant |
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Address : |
ASV N Ramanas Tower, 52, Venkatnarayana Road, t. Nagar, Chennai –
600018, Tamilnadu, India |
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Tel. No.: |
91-44-66885000 |
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Fax No.: |
91-44-66885050 |
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PAN No.: |
AACFD3771D |
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Associates/Subsidiaries : |
Qube Cinema Inc, |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
16500000 |
Equity Shares |
Rs. 10/- each |
Rs. 165.000
million |
|
7500000 |
Preference Shares |
Rs. 10/- each |
Rs. 75.000
million |
|
|
|
Total |
Rs.
240.000 million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9026700 |
Equity Shares |
Rs. 10/- each |
Rs. 90.267
million |
|
7443611 |
Preference Shares |
Rs. 10/- each |
Rs. 74.436
million |
|
|
|
Total |
Rs.
164.703 Million |
Note: Above includes
I) 28,77,725 (28,77,725) Equity shares Issued for consideration other
than for cash
Il) 7,70,000 (7,70,000) Equity shares issued as fully paid up Bonus Shares
by Capitalization of Profits.
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 |
164.703 |
164.703 |
131.746 |
|
|
2] Employee Stock Option Outstanding |
1.223 |
1.119 |
0.907 |
|
|
3] Reserves & Surplus |
1000.912 |
979.003 |
424.112 |
|
|
4] (Accumulated Losses) |
0.000 |
(25.110) |
(10.531) |
|
|
NETWORTH |
1166.838 |
1119.715 |
546.234 |
|
|
LOAN FUNDS |
|
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|
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|
1] Secured Loans |
72.534 |
72.516 |
85.305 |
|
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
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TOTAL BORROWING |
72.534 |
72.516 |
85.305 |
|
|
DEFERRED TAX LIABILITIES |
5.518 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
1244.890 |
1192.231 |
631.539 |
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|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
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|
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FIXED ASSETS [Net Block] |
559.266 |
500.924 |
310.113 |
|
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Capital work-in-progress |
126.617 |
116.879 |
76.977 |
|
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|
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INVESTMENT |
185.081 |
172.909 |
94.031 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
111.423
|
91.805 |
73.015 |
|
|
Sundry Debtors |
194.365
|
128.468 |
122.685 |
|
|
Cash & Bank Balances |
144.969
|
250.775 |
57.351 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
71.468
|
51.927 |
20.830 |
|
Total
Current Assets |
522.225
|
522.975 |
273.881 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
40.646
|
60.430 |
59.066 |
|
|
Other Current Liabilities |
103.982
|
59.040 |
64.397 |
|
|
Provisions |
3.671
|
1.986 |
0.000 |
|
Total
Current Liabilities |
148.299
|
121.456 |
123.463 |
|
|
Net Current Assets |
373.926
|
401.519 |
150.418 |
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1244.890 |
1192.231 |
631.539 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
898.322 |
553.525 |
489.825 |
|
|
|
Other Income |
8.351 |
23.769 |
4.114 |
|
|
|
TOTAL (A) |
906.673 |
577.294 |
493.939 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
129.834 |
27.295 |
23.116 |
|
|
|
Purchases of Trading Goods |
199.563 |
192.476 |
130.438 |
|
|
|
Decretion / (Accretion) to stock |
1.371 |
(36.603) |
(2.397) |
|
|
|
Other direct Expenses |
105.031 |
72.554 |
83.421 |
|
|
|
Administrative Expenses |
278.596 |
247.567 |
187.769 |
|
|
|
Selling and distribution Expenses |
44.857 |
9.928 |
6.410 |
|
|
|
TOTAL (B) |
759.252 |
513.216 |
428.757 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
147.421 |
64.078 |
65.182 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.777 |
11.075 |
11.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
138.644 |
53.003 |
54.162 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
86.107 |
64.046 |
45.676 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
52.537 |
(11.043) |
8.486 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
5.518 |
3.536 |
3.518 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
47.019 |
(14.579) |
4.968 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(26.600) |
(12.021) |
(16.989) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
20.419 |
(26.600) |
(12.021) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
256.767 |
22.558 |
0.000 |
|
|
|
Commission Earnings |
37.530 |
36.802 |
0.000 |
|
|
TOTAL EARNINGS |
294.297 |
59.360 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
298.594 |
58.795 |
0.000 |
|
|
|
Capital Goods |
94.673 |
493.838 |
0.000 |
|
|
TOTAL IMPORTS |
393.267 |
552.633 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.21 |
(1.62) |
0.55 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.19
|
(2.53) |
1.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.86
|
(1.08) |
1.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
(0.01) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.19
|
0.17 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.52
|
4.31 |
2.22 |
LOCAL AGENCY FURTHER INFORMATION
BUSINESS DURING THE
YEAR
The year was a good year for the Company overall with all business segments performing better than or near budgeted expectations. The Digital Cinema segment recorded a significant growth to become the prime revenue driver of theCompany. Alongwith the media revenue, this segment contributed to 69% of the overall revenue and gross margins of the company.
QUBE SALES
Scrabble Entertainment was the primary customer for local purchases of Qube. Including sales to a sprinkling of independent entities, local sales amounted to Rs.74.65 million.
'Avataar' release based 3D roll-outs by Scrabble across multiplexes and a few independent screens was the key driver for the current year. The success of Avataar has given a momentum to D-Cinema 3D conversion in India with several prime independent screens across India expressing their intent to equip. the Company has initiated aggressive marketing efforts to take advantage of the momentum.
OVERSEAS
Qube XP-D sales gained significant momentum during the year
and presently the Company has instalations in over 22 Countries.
The Company also made significant inroads into
While there was a lull in the market post Avataar release on account of the change from Series I to Series 2 projectors of the TI licensed manufacturers, the momentum has since revived with the commencement of supplies of the Series 2 Projectors from March 2010.
QUBE ROLLOUT -
The Company expanded the base of screens under its own roll-out to 1099 Media Model (MM) 8791 Pay Per Show (PPS) 2201.
The bulk of the increase in PPS installations has come from the multiplexes and had opted for an apex based approach to equipping the screens as opposed to purchase. However, they anticipate that some players could likely go in for the purchase model with Virtual Print Fee (VPF) sharing in the years to come, given the better understanding they now have of the business models and the benefits of ownership. One of the key decisions that the multiplexes seem to have made is to equip each site with a mix of both D & E Cinema, as opposed to only D-Cinema when they started converting to digital, to optimize on capital and operating costs. they expect this trend to continue and get established as a norm. the Company is placed very advantageously in this situation given that the Company operates in the D as well as E Cinema segments and master content that is easily interoperable between the two.
Andhra Pradesh and Tamilnadu were the primary growth markets for the media model based rollout in the current year. Kamataka & Kerala were sluggish for reasons internal to the industry and should commence deployments shortly.
The year saw a near doubling in VPF and Mastering revenues from Rs. 93.56 million to Rs. 172.89 million. This growth has largely been in line with roll out growth. The digital occupancy continued to be consistently high across the screens. This year also witnessed an increase in the number of direct digital releases (i.e. without 35mm prints), especially in Tamilnadu and we anticipate this trend to grow.
QCN
The coverage of QCN at the financial year end under the media model on the theatre front reached 879 theatres across 5 States. QCN closed the year with revenues (including Right To Use Fee) of Rs. 11.1 million (Rs. 76 million during FY2009).
As planned, the Company repositioned the theatre advertising network on the lines of an asynchronous channel under the branding of QCN. The rate structures and the marketing approach were also realigned to suit. Since the launch, there has been an uptrend in the revenue, almost month on month, culminating in reaching a targeted high of Rs.10 million in February 2010.
The Company also undertook a cinema audience profiling/measurement study in TamilNadu with the assistance of Aqumena and Nielsen which has been completed. The findings point in support of cinema as a good adjunct medium to TV. The frontend tool for media planners is under development and should be ready by June 2010. In the meanwhile, detailed presentations have begun to media planners and brand managers for specific campaigns. A PR event in early May 2010 has also been planned to announce the findings of the study and the plan is under finalisation.
A framework for launching a 'retail' ad gathering network focused on 'slide advertising', as a highly discounted offering, but one that has potential to provide a sustainable base, has been evolved and will be launched soon. The core of the idea revolves around garnering local advertising on the lines of the 'classifieds' in newspapers and to create a network that would act as the sourcing agents as opposed to any additional overhead on the sales team that would then focus only on the large ticket pitches.
We have also received the temporary registration from DAVP (Govt. dept) up to May 2010 as an authorized vendor for cinema advertising for all Govt. Depts. who require this registration and rate approval to place their advertising spend on this medium. The formal approval for the next two financial years is under active consideration and all formalities in this regard have been completed.
The Company continued to invest in infrastructure and human resources, commensurate to the level of business.
The traditional businesses continued their steady performance, with the Technology Marketing business making a significant contribution.
Audio Studios &
Advertising Films
During the year, Media Artists & JS Films, the audio post production and production services division achieved a turnover of Rs. 31.6 million.
Technology
Marketing
The year saw a turnover of Rs. 250.61.million (Rs.273.4
million in FY2009), and continued to see a mix of good volumes in the lower and
mid-segment as well as a few high value transactions with leading names in the
industry. The revenues for the year would have been much higher but for the
higher percentage of direct orders. DTS business has been good this year too
and most releases in
Subsidiary
During the year, the Company had invested US Dollars 0.25
million. in Qube Cinema Inc. (QCI)
FIXED ASSETS
Tangible Assets
- Buildings
- Computers
- Furniture and
Fittings
- Plant and
Machinery and Office Equipments
- Vehicles
- Vehicle Taken
on Hire Purchase
Intangible Assets
- Software
Contingent
Liability
- Disputed
Central Sales Tax – Rs. 3.307 million
- Counter
Guarantees Issued to the Banks – Rs. 5.296 million
- Outstanding
Letters of Credit Rs. 21.348 million
Bankers Charges
Report as per Registry
|
Corporate identity
number of the company |
U92490TN1986PTC012536 |
|
Name of the
company |
Real Image Media
Technologies Private Limited |
|
Address of the
registered office or of the principal place of business in |
No.7B, |
|
This form is for |
Modification
of Charge |
|
Charge
identification (ID) number of the charge to be modified |
90285608 |
|
Type of charge |
|
|
Particular of
charge holder |
Address : |
|
Nature of
instrument creating charge |
No Instrument.
Confirmation letter evidencing creation of supplemental Mortgage. |
|
Date of
instrument Creating the charge |
20.05.2010 |
|
Amount secured by
the charge |
Rs.272.000
million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
a] Rate of
Interest – BPLR i.e. 12% p.a. at present without MIR b] terms of
repayment – Working capital limits repayable on demand. Existing repayment
terms for the existing limits to continue. C] Margin –
CC-Stocks-25%, Receivables-40%, Bill Disc-LC Bills -25%, TL-I and TL-I-25%,
LC-10% and LG-10% d] Extent and
operation of the charge – First and exclusive charge by extension of
equitable mortgage by constructive delivery of documents of the immovable
properties of the company more fully described in clause 15 of this form 8.
The charge operates as security for the repayment of the dues by the company
to the bank along with interest, charges etc. e] Others – All
other terms and conditions are as per sanction letter dated 05.04.2010 and
documents obtained by the bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
i)
Extension
of Equitable Mortgage of lease hold rights by constructive delivery of
documents of all that piece and parcel of land measuring about 3 Grounds and
1665 Sq.ft. ii)
(Part
of 7 grounds and 806 Sq.ft.) bearing Re-survey No.629/4, old survey no.3952,
Collectors Certificate no. 452 and Patta dated 20.05.1987 of iii)
District
along with the superstructure thereon bearing Door No. 7B, iv)
South by third Street Balaji Nagar, East by house
belonging to Mr. S.N. Rao, West by land belonging to Mr. V. Senthil Kumar
situate within the registration district of south Chennai and v)
Sub registration district of Mylapore. |
|
Date of
instrument modifying the charge |
19.05.2010 |
|
Particulars of
the present modification |
NO change in the
limits of Rs.272.000 million sanctioned to the company. This modification is
filed to additionally secure the limit by Extension of Equitable Mortgage of
lease hold rights by constructive delivery of documents as detailed in clause
15 of this form 8. |
AS PER WEBSITE DETAILS
COMPANY PROFILE
Real Image
Media Technologies
Real Image Media
Technologies is
Today, if there
are only a handful of companies across the world that are working to fulfill
the exacting needs of DCI, there are fewer still who look beyond. Qube Cinema
is committed to creating a seamless world of Digital Cinema with products that
are innovative, powerful, reliable and cost-effective.
Qube Cinema, Inc.
is a company with a passion for cinema and a thorough understanding of film,
video, audio and computer technology along with vast experience in the
production, post-production and exhibition industries – a unique combination of
expertise that has helped in the development of the company’s digital cinema
technology.
QCN has the
distinct advantage of Real Image’s expertise in the digital cinema technology
arena. Patented by Real Image in both
The Technology
Marketing division was set-up in 1992 and introduced in the country several
revolutionary technologies that made it possible to discover a whole new range
of exciting possibilities in picture and sound. The Company is the unrivalled
leader in the Broadcast arena and is the Indian representative of several
global entertainment technology players such as Avid Technology Inc.,
Digidesign, Softimage, DTS, Orad Hi-Tech Systems Limited and Digital Vision.
Media Artists
– Audio Post Production Studios
Media Artists is the Company’s highly acclaimed
studio complex in Chennai, the very first studio to obtain THX certification in
the country. Providing high quality services and facilities for audio
post-production, Media Artists has always been the first to adopt new
technologies and tools to enhance quality of work, and comprises of experienced
sound engineers and technicians.
JS Films –
Advertising Film Production
JS Films is the
culmination of the creative talents and technical wizardry of Jayendra
Panchapakesan and P.C. Sreeram. An eye for detail and impressive cinematic
techniques are the trademark of this duo, producing the best possible feature,
television and advertising films.
Proving the
complete faith that Real Image has in the products it brings to the Indian
media, JS Films is now specializing in executing productions with all the
technologies promoted by the Real Image Technology Marketing division.
KEY PEOPLE
Senthil Kumar,
Co-Founder
Widely
acknowledged as one of the country's foremost experts in audio and video
technologies, Senthil has some truly outstanding achievements to his credit. He
set up Media Artists Film and Video Postproduction Centre in Chennai shortly
after he graduated from college. Media Artists rapidly grew to become the
country's best sound recording studio for film and video programmes. In 1992,
he set up Real Image, along with two colleagues, to bring Avid digital
nonlinear editing systems to
Jayendra
Panchapakesan, Co-Founder
Jayendra studied
Chemistry but found his passion in advertising in 1978. He turned creative
consultant in 1985 and had the unique distinction of consulting with three top
agencies in Chennai at the same time – HTA, Mudra and Sistas. In 1986, he teamed up with PC Sreeram to start JS Films.
In 1993 Jayendra teamed up with Senthil Kumar to set up Real Image Media
Technologies introducing non linear editing with Avid. Today, Real Image is
known across the world for its end to end digital cinema solution called Qube.
Jayendra has also conceptualized and directed
Arvind
Ranganathan, Chief Executive Officer
Arvind joined
Real Image in 2005 to head strategy and business implementation across
divisions. Arvind brings deep insight of the cinema industry, across the
business value chain. A Chemical Engineer and a Post Graduate in Management,
Arvind moved to the Investment Banking domain after spending his early years in
manufacturing and marketing with the industrial sector. Arvind has been
involved in most facets of the financial markets, from equity research to
Investment Banking & Corporate Finance, which included an association with
KPMG Corporate Finance in
Raja Enok,
Chief Marketing Officer
Raja oversees the
development and implementation of the company’s comprehensive marketing plan.
His area of focus is Digital Cinema and Broadcast Technology. Raja has worked
in diverse domains from consumer products to media technology, in roles that
covered brand management, marketing and distribution management. In 1991 he
joined Media Artists, a leading film and video post-production facility and
managed operations. During this tenure, he became well versed with the
technology and practices of the film, video and audio industry. In 1994, he
took over as head of Skyline Communications, a Media Services Firm and was
responsible for channel marketing and commercial airtime sales. He has been
with Real Image since 1998, is a key player in Real Image’s digital cinema
foray and has extensive domain and technology knowledge.
P Venkatesh,
Chief Financial Officer
PV, as he is
referred to in office, is a Post-Graduate in Finance, Cost Accountant and
Company Secretary by qualification. He has over 15 years of experience across
multiple domains in corporate finance and business & financial
restructuring including a couple of investment banking stints. His areas of
expertise include financial planning & analysis, operations controls and
business restructuring.
Rajesh
Ramachandran, President & Chief Technology Officer – Qube Cinema
Rajesh heads the
dynamic group of software professionals of the Real Image Software Division,
Chennai. He has a Bachelor's degree in Computer Science and Engineering from
the
Sudha
Panchapakesan, Head - Human Resources
Sudha heads Human
Resources at Real Image, a responsibility she took on in 2002, prior to which
she worked as Manager with JS Films. Before moving to
James Abraham,
National Head - Technical services
James joined Real
Image in January 2000; he is now the National Head in charge of Training and
Technical Services and is based in Chennai.
After completing
a Bachelors degree in Mechanical Engineering and an M.B.A (Marketing &
Advertising), he worked as a Design Engineer (CAD/CAM) in
P. Murali
Krishna, Head - Legal
P Murali Krishna
ensures the implementation of systems and procedures for compliance with
statutory enactments in Real Image. A Fellow Member of the Institute of Company
Secretaries of India,
B.M.A. Prabhu,
Country Head - Digital Cinema Mastering Services
A graduate in
English Literature, Prabhu has been with Real image since 1996, servicing the
film video domain for more than a decade. He started of his career here
supporting the AVID systems and operated from Mumbai between early 1996 till
end of 1997. Prabhu has handled most of the product line that Real image has
been dealing with, from AVID to DTS and now the Qube line of products. He has
instrumental in testing the Qube range of products from day one and has been
coordinating with the in house software development team to get the products on
air. He is currently heading the mastering operations across Real Image. Prabhu
also handles key broadcast clients within Chennai like Sun Television network
and Jaya television network.
Prior to Real
Image, Prabhu has worked with Sterling Computers and Ashok Leyland Information Technology.
V.
Vaidyanathan, Vice President – Finance
A Chartered
Accountant with over 15 years of experience in the field of finance and
accounts, Vaidyanathan joined Real Image in the year 2004 and has completely
changed the working environment in the finance and accounting functions of the
Company with his professionalism and rich experience in his core function.
Prior to joining Real Image, he was with I.P. Rings Limited, an Amalgamation
Group Company, for more than 5 years. Prior to IP Rings he had a stint with
Venkat Associates, a leading Chartered Accounting Firm in Chennai and conducted
audits for many a corporate including Reliance Industries, CEAT, Asian Paints
to name a few.
K.L. Naveen,
General Manager - Technology Marketing
Naveen joined Real
Image in December 1998 and has moved swiftly from a trainee, to a marketing
executive, to a product manager. He later went on to handle responsibilities as
National Sales Manager, for Avid and Digidesign products, and now acts as
General Manager - Tech Marketing. Based in
Venkat
Giridhar, General Manager - QCN
Venkat has been
working with Real Image for the last 3 years. He heads the Southern Region
marketing for QCN from
Ashish Mathur,
General Manager - Marketing, QCN
Ashish Mathur,
has been working with Real Image for the last 3 years. He heads the Western
Region marketing for QCN. A Post Graduate in Mass Communications, Ashish has
been in Media sales for the last 16 years. Prior to joining Real Image, Ashish
was with Dimples Cine Advertising, handling key accounts like P&G,
Videocon, and Sahara One Television.
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. 45.45 |
|
|
1 |
Rs. 72.90 |
|
Euro |
1 |
Rs. 61.43 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.