MIRA
INFORM REPORT
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Report Date : |
05.07.2011 |
IDENTIFICATION DETAILS
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Name : |
SPLASH PUBLICATION PRIVATE LIMITED |
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Registered
Office : |
9, Forjett Hill, British Express Building, 2nd floor,
Mumbai-400036, Maharashtra |
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Country : |
India |
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Date of
Incorporation : |
31.01.2011 |
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Com. Reg. No.: |
11-212863 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 million |
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CIN No.: [Company Identification
No.] |
U93030MH2011PTC212863 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS69604D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Publication of magazine
is an education, career and lifestyle platform catering to the aspirations of
today’s youth. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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- |
NB |
New Business |
- |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to complete it’s one full year of
operation. The company has started it’s commercial business activities
recently in May, 2011. Business is active. Payments terms are unknown. Initially, the company can be considered for business dealings on a
safe and secured 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
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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 DECLINED BY
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Name : |
Mr. Nitesh |
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Designation : |
Director |
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Date : |
04.07.2011 |
LOCATIONS
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Registered Office : |
9, Forjett Hill, British Express Building, 2nd floor,
Mumbai-400036, Maharashtra, India |
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Tel. No.: |
91-22-23516609 /22 |
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Mobile No.: |
91-9819336548 (Mr. Nitish Shah) |
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E-Mail : |
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Website : |
DIRECTORS
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Name : |
Mr. Nitin Bipin Shah |
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Designation : |
Director |
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Address : |
9, Forjett Hill, British Express Building, 2nd floor,
Mumbai-400036, Maharashtra, India |
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Date of Birth/Age : |
27.01.1976 |
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E-Mail : |
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DIN No : |
00324607 |
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Name : |
Ms. Aarti Rohit Asrani |
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Designation : |
Director |
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Address : |
Flat No.56, Maker Tower, J Chsl, Cuffe Parade, Mumbai-400005,
Maharashtra, India |
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Date of Birth/Age : |
20.02.1980 |
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E-Mail : |
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DIN No : |
03367193 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
No. of Shares |
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Nitin Bipin Shah |
3000 |
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Aarti Rohit Asrani |
7000 |
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Total |
10000 |
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Publication of magazine
is an education, career and lifestyle platform catering to the aspirations of
today’s youth. |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Divulged |
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Banking
Relations : |
-- |
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Auditors : |
Not Divulged |
CAPITAL STRUCTURE
Authorised Capital : Rs. 0.100 million.
Issued, Subscribed & Paid-up Capital : Rs. 0.100 million.
FINANCIAL DATA
[all figures are
in Rupees Millions]
Not Divulged
LOCAL AGENCY FURTHER INFORMATION
WEB SITE DETAILS
PROFILE
Splash Publication’s first magazine
is an education, career and lifestyle platform catering to the aspirations of
today’s youth. This monthly magazine will showcase the who, what, where and why
of education in India and abroad. In addition, there will be various
entertainment sections in a fair balance of work and play.
This magazine will have a target print distribution
of 55,000 copies per month and will also be available online. For more
information and to obtain our media kit
MENTORS
Their mentors are illustrious and accomplished individuals who advise the team and give the publication direction and support.
Nitish Shah
Nitish Shah is the
Founding Director of Splash Publication. A successful entrepreneur, he has been
in international trade for over 15 years and speaks several languages. He is
passionate about travelling and an avid art collector. He holds the cause of
helping underprivileged kids close to his heart.
Ankit Miglani
Ankit is the Deputy MD of Uttam Steel, a JV with Arcelor-Mittal. Studied at the
Wharton School of Business. A voracious reader, his interests range from
fiction to popular physics.
Dr. Kamal Gupta
Dr. Gupta is
Chairman of the Lala Lajpat Rai Institute of Management, Mumbai. He is also on
the executive committee of the Royal Western India Turf Club (RWITC).
Rouble Nagi
An artist in the
true sense, Rouble is a painter, mural maker and theatre artist who achieved
success at a young age. She also holds art camps with underprivileged kids.
Raunaq Roy
Raunaq is the owner of Hungama.com. As a foodie, she initiated The Budding
Gourmet’ website. She has led the team as Editor-in-Chief of Beautiful People
at Ogaan Publication.
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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 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.44.45 |
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|
1 |
Rs.71.52 |
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Euro |
1 |
Rs.64.62 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.