MIRA
INFORM REPORT
|
Report Date : |
05.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
MEDIAGURU
CONSULTANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-4, Ridge Castle,
Near Competent Service Centre, Dada Bari Road, Ward No.8, Mehrauli, New Delhi
– 110 030 |
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|
Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
27.02.2006 |
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Com. Reg. No.: |
55-221308 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.0.500
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL2006PTC221308 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM13482A |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECM6378C |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Travel Agents and Tour Operators |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 561000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an
established company having satisfactory track. It has recorded a
healthy growth in its total income earned during 2012. Profitability of the
company appears to be good. Trade relations
are reported as decent. Business is active. Payment terms are regular 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
B-4, Ridge
Castle, Near Competent Service Centre, Dada Bari Road, Ward No.8, Mehrauli,
New Delhi – 110 030, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Corporate Office : |
B-48, Sector 5, Noida – 201 301, |
|
Tel. No.: |
91-120-4766000/ 1 |
|
Fax No.: |
91-120-4547982 |
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|
|
|
Mumbai Office : |
535/36, Nav Meghdoot, Linking Road, Khar, Mumbai – 400
052, |
|
Tel. No.: |
91-22-26058973 |
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Fax No.: |
91-22-26058974 |
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|
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Overseas Office 1 : |
SGX Centre 2, |
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Tel. No.: |
+65 6535 0550 DID. +55 6361 9395 |
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Overseas Office 2 : |
Parminder Vir OBE, |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Sanjay Salil |
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Designation : |
Managing Director |
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Address : |
Flat 102, |
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Date of Birth/Age : |
02.05.1970 |
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|
Qualification : |
Bachelor of Journalism |
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|
Experience : |
21 Years |
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Date of Appointment : |
28.02.2006 |
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DIN No.: |
01333410 |
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Other Directorship :
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Name : |
Ms. Deepti Salil |
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Designation : |
Director |
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Address : |
Flat 102, |
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Date of Birth/Age : |
20.11.1969 |
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Date of Appointment : |
27.02.2006 |
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DIN No.: |
01333376 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Mohinder Walia |
|
Designation : |
Chief Executive Officer |
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|
Name : |
Mr. Sushil Khanna |
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Designation : |
Director of Operations |
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|
Name : |
Ms. Parminder Vir Obe |
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Designation : |
Head - |
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|
Name : |
Mr. Sanjay K. Das |
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Designation : |
Senior Vice President |
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|
Name : |
Mr. Faizul Islam |
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Designation : |
Vice President - Projects |
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|
Name : |
Mr. Arvind Sharma |
|
Designation : |
Assistant VP - Technical |
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|
Name : |
Mr. Richard Goslan |
|
Designation : |
Director - International Affairs |
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|
|
Name : |
Mr. G. Krishnan |
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Designation : |
Advisor |
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|
|
Name : |
Mr. Q.W. Naqvi |
|
Designation : |
Advisor |
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|
Name : |
Ms. Shabry Bakshi |
|
Designation : |
Senior Consultant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Salil |
|
41000 |
|
Deepti Salil |
|
4000 |
|
Diya Salil |
|
2500 |
|
Pancham Salil |
|
2500 |
|
Total |
|
50000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Travel Agents and Tour Operators |
GENERAL INFORMATION
|
Customers : |
v
Bloomberg Africa v
Alpha Media v
Raj v
Mathrubhumi v
Channel 24 v
CONSAT v
S TV v
Sakshi TV v
Express News v
Jaypee Group v
Rajasthan Patrika v
CSB News v
Global School v
B.A.G. Films |
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No. of Employees : |
Not Available |
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Bankers : |
The Federal Bank Limited, |
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Facilities : |
(i) Finance Lease obligations are secured against leased assets (ii) Rs.1.042 millions loan was taken for a period of 5 years |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Agarwal Prakash and Company Chartered Accountants |
|
Address : |
508, Indra Prakash, 21, |
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Tel. No.: |
91-11-23730880/ 1 |
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Fax No.: |
91-11-43516377 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAKPA9646G |
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Related Parties (As on 31.03.2011) : |
v
Mediaguru News Private Limited v
Mediaguru Broadcast Private Limited v
Mediaguru Web Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
million |
|
|
|
|
|
Reconciliation of the Number of Shares:
|
Particulars |
No. of Shares |
|
Outstanding at the beginning of the year |
50000 |
|
Outstanding at the end of the year |
50000 |
The details of Shareholders holding more than 5% shares:
|
Name of the Shareholder |
As at 31st
March, 2012 |
|
|
No. of Shares |
% Held |
|
|
Sanjay Salil |
41000 |
82.00 |
|
Deepti Salil |
9000 |
18.00 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
139.872 |
57.867 |
34.738 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
140.372 |
58.367 |
35.238 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.057 |
1.761 |
0.790 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
4.967 |
|
|
TOTAL BORROWING |
1.057 |
1.761 |
5.757 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
141.429 |
60.137 |
40.995 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
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|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.432 |
10.785 |
6.883 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
60.693 |
60.693 |
28.630 |
|
|
DEFERRED TAX ASSETS |
0.002 |
0.000 |
0.069 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
29.664
|
71.111 |
0.000 |
|
|
Sundry Debtors |
0.713
|
3.885 |
2.520 |
|
|
Cash & Bank Balances |
135.636
|
257.861 |
3.195 |
|
|
Other Current Assets |
0.751
|
1.410 |
7.487 |
|
|
Loans & Advances |
110.998
|
90.463 |
0.500 |
|
Total
Current Assets |
277.762
|
424.730 |
13.702 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.581
|
34.882 |
0.984 |
|
|
Other Current Liabilities |
169.128
|
389.311 |
3.511 |
|
|
Provisions |
41.751
|
11.878 |
3.805 |
|
Total
Current Liabilities |
215.460
|
436.071 |
8.300 |
|
|
Net Current Assets |
62.302
|
(11.341) |
5.402 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.011 |
|
|
|
|
|
|
|
|
TOTAL |
141.429 |
60.137 |
40.995 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
409.717 |
243.984 |
53.871 |
|
|
|
Other Income |
90.588 |
4.180 |
1.441 |
|
|
|
TOTAL |
500.305 |
248.164 |
55.312 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
213.079 |
44.753 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
376.560 |
213.079 |
44.753 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
123.745 |
35.085 |
10.559 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
41.739 |
11.956 |
3.753 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
82.006 |
23.129 |
6.806 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
373.988 |
285.188 |
38.507 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1640.12 |
462.58 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
16.39
|
9.32 |
12.30 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
30.20
|
14.38 |
19.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
41.78
|
8.06 |
51.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.88
|
0.60 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.54
|
7.50 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
0.97 |
1.65 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
Yes |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from M 27, IInd Floor,
OPERATIONS:
During the year, the Revenue from Operations
of the Company was reported to be INR 409.717 millions as compared to INR
243.984 millions in the previous year showing a significant increase of
approximately 101%. The Profit after Tax is increased from 23.129 millions to
INR 82.006 millions showing as significant growth.
FIXED ASSETS:
Tangible Assets
v Building
v Electrical Fittings
v Office Equipment
v Furniture and Fixture
v Vehicles
v Plant and Equipments
Intangible Assets
v Computer Software
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.54.94 |
|
|
1 |
Rs.88.42 |
|
Euro |
1 |
Rs.71.71 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
51 |
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.