|
Report Date : |
27.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
V P S MULTIMEDIA PRIVATE LIMITED |
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Registered
Office : |
601, Sheetal Enclave, Behind Tangent Furniture, Near Inorbit Mall,
Malad (West), Mumbai – 400064, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
08.01.2004 |
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Com. Reg. No.: |
11-143914 |
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Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U92110MH2004PTC143914 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in feature film telecast rights dubbing. |
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No. of
Employees: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 6908 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. Trade relations are reported as fair. Business is active. Payments
are reported to slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INFORMATION PARTED BY
|
Name : |
Mr. Jeevan Patil |
|
Designation : |
Accountant |
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Contact No.: |
91-22-40211131 |
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Date : |
23.02.2012 |
LOCATIONS
|
Registered Office : |
Bunglow 152, R S C, S V Patel Nagar, Mahada, Versova, Andheri West,
Mumbai – 400053, Maharashtra, India |
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Tel. No.: |
91-22-40211131 |
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E-Mail : |
DIRECTORS
AS ON 05.07.2011
|
Name : |
Mr. Vijay Pal Soni |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
02.09.1949 |
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Date of Appointment : |
08.01.2004 |
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DIN No. : |
00530721 |
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Name : |
Mrs. Nimmi Soni |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
28.05.1950 |
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Date of Appointment : |
25.06.2008 |
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DIN No. : |
02231810 |
KEY EXECUTIVES
|
Name : |
Mr. Jeevan Patil |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.07.2011
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Satyapal Soni |
|
1000 |
|
Amal Dinesh Majmudar |
|
9000 |
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Total |
|
10000 |
AS ON 05.07.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
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Directors or relatives of directors |
|
100.00 |
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Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in feature film telecast rights dubbing. |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
GENERAL INFORMATION
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Customers: |
Cartoon Channel Networks |
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No. of
Employees: |
10 (Approximately) |
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Bankers : |
HSBC Bank |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Rawani and Company Chartered Accountant |
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Address : |
B – 206, Hinal Heritage Patel Wadi, |
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Tel. No.: |
91-22-55725036 |
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E-Mail : |
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Pan No. : |
AABPR6534M |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
10000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.100 Million |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
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1] Share Capital |
0.100 |
0.100 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
1.627 |
1.468 |
1.611 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
1.727 |
1.568 |
1.711 |
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LOAN FUNDS |
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|
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1] Secured Loans |
0.639 |
1.575 |
2.046 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.639 |
1.575 |
2.046 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
2.366 |
3.143 |
3.757 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
1.198 |
1.373 |
1.711 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.373 |
0.339 |
0.328 |
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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 |
1.276
|
1.237
|
0.669 |
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Cash & Bank Balances |
0.189
|
0.250
|
1.263 |
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Other Current Assets |
0.000
|
0.000
|
0.000 |
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Loans & Advances |
2.179
|
2.877
|
3.787 |
|
Total
Current Assets |
3.644
|
4.364
|
5.719 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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|
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Sundry Creditors |
1.115
|
1.404
|
1.489 |
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Other Current Liabilities |
1.653
|
1.518
|
1.838 |
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Provisions |
0.081
|
0.011
|
0.674 |
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Total
Current Liabilities |
2.849
|
2.933
|
4.001 |
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Net Current Assets |
0.795
|
1.431
|
1.718 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
2.366 |
3.143 |
3.757 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
7.051 |
11.004 |
15.857 |
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Other Income |
0.118 |
0.069 |
0.000 |
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TOTAL (A) |
7.169 |
11.073 |
15.857 |
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Less |
EXPENSES |
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|
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Cost of materials |
0.088 |
0.534 |
1.013 |
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Administrative and Other Expenses |
6.179 |
9.782 |
12.924 |
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|
Preliminary Expenses written off |
0.000 |
0.000 |
0.003 |
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TOTAL (B) |
6.267 |
10.316 |
13.940 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
0.902 |
0.757 |
1.917 |
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Less |
FINANCIAL
EXPENSES (D) |
0.345 |
0.424 |
0.315 |
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.557 |
0.333 |
1.602 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.279 |
0.374 |
0.519 |
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PROFIT/LOSS
BEFORE TAX (E-F) (G) |
0.278 |
(0.041) |
1.083 |
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Less |
TAX (I) |
(0.119) |
0.102 |
0.293 |
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PROFIT/LOSS
AFTER TAX (G-I) (J) |
0.159 |
(0.143) |
0.790 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.268 |
1.411 |
0.621 |
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BALANCE CARRIED
TO THE B/S |
1.427 |
1.268 |
1.411 |
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|
Earnings Per
Share (Rs.) |
15.94 |
(4.23) |
79.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.22 |
(1.29)
|
4.98 |
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|
Net Profit Margin (PBT/Sales) |
(%) |
3.94 |
(0.37)
|
6.83 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
5.74 |
(0.71)
|
14.58 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
(0.03)
|
0.63 |
|
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
2.02 |
1.83
|
3.53 |
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|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.49
|
1.43 |
LOCAL AGENCY FURTHER INFORMATION
The Details of
Sundry Creditors:
Rs.
In Millions
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
1.115
|
1.404
|
1.489 |
The Registered Office of the company has been shifted from B – 701,
The Registered Office of the company has been shifted from Bunglow 152,
R S C 2, S V Patel Nagar, Mahada, Versova, Andheri (W), Mumbai – 400053,
Maharashtra, India to present address
WORKINGS OF THE
COMPANY:
During the year, the turnover of the Company has decreased from Rs. 11.004 Millions to Rs. 7.052 Millions. The Company has reported a profit of Rs. 0.278 Million as against the loss of Rs. 0.041 Millions in the previous year, due to several cost cutting and other measures taken by the management. During the year, the Company has provided for tax amounting to Rs. 0.066 Millions as against Rs. 0.001 Millions in the previous year, which includes Income Tax and deferred Tax. The Profit of Rs. 1427 Millions is carried to the Balance Sheet.
.
|
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
-- |
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8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
-- |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
FIXED ASSETS:
v Vehicles
v Computer and software
v Air conditioner
v Editing equipment
v Furniture
v Office equipment
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.44.52 |
|
|
1 |
Rs.70.47 |
|
Euro |
1 |
Rs.61.47 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
26 |
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.