|
Report Date : |
12.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
MOMS OUTDOOR MEDIA SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
349, Business Point, |
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|
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Date of
Incorporation : |
19.09.2005 |
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|
|
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Com. Reg. No.: |
11-156161 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.500 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U74300MH2005PTC156161 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM28150D |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Providing Communication Services |
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|
|
|
No. of
Employees: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 626000 |
|
|
|
|
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 recorded a better growth in its sales turnover. Profitability of
the company appears to be low. However, trade relations are reported as far. 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Anjat |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-21771500 |
|
Date : |
11.07.2012 |
LOCATIONS
|
Registered Office/corporate Office
: |
349, Business Point, |
|
Tel. No.: |
91-22-21771500 |
|
Fax No.: |
91-22-66750414 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Branches : |
Mc2, Mumbai
Tel: 91- 22 – 24154467/68/69/70 Mc2, Tel: 91-11-
41002563/40551500 Mc2, Kolkata Tel: 91- 33 - 22883064/5/6 |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sam Baman Balsara |
|
Designation : |
Chairman and Managing Director, Madison World |
|
Address : |
47, Malcolm Baug, |
|
Date of Birth/Age : |
12.01.1951 |
|
Date of Appointment : |
19.09.2005 |
|
Din N.: |
00076942 |
|
|
|
|
Name : |
Ms. Lara Sam Balsara |
|
Designation : |
Director and Business Development and Diversification Manager, Madison
World |
|
Address : |
47, Malcolm Baug, |
|
Date of Birth/Age : |
11.02.1981 |
|
Date of Appointment : |
29.09.2007 |
|
Din N.: |
00089327 |
KEY EXECUTIVES
|
Name : |
Mr. Anjat |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mr.Sam Baman Balsara |
|
47500 |
|
Ms.Lara Sam Balsara |
|
2500 |
|
|
|
50000 |
As on 30.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Communication Services |
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|
|
|
Terms : |
|
|
Selling : |
Cash/Credit |
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|
|
|
Purchasing : |
Cash/Credit |
GENERAL INFORMATION
|
Customers : |
OEM,s |
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|
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No. of Employees : |
20 (Approximately) |
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|
|
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Bankers : |
HDFC Bank, Andher (East) Branch, Mumbai, |
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|
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Facilities : |
-- |
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|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
S R Rege and Company Chartered Accountants |
|
Address : |
125,Hiramani Super Market,Lalbaug,Mumbai – 400012, |
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Pan No.: |
AAAPD5280C |
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|
|
|
Associates/Subsidiaries : |
·
Medison Communications Private Limited ·
Medison Retail Paradigm Limited |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Share |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
|
|
50000 |
Equity Share |
Rs.10/- each |
Rs.0.500 Millions |
||
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|
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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 |
|
|
|
|
|
1] Share Capital |
0.500 |
0.500 |
0.500 |
|
|
2] Share Application Money |
155.957 |
119.407 |
93.325 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
156.457 |
119.907 |
93.825 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
156.457 |
119.907 |
93.825 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
6.592 |
6.545 |
4.531 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.193 |
1.550 |
0.906 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
657.577
|
687.987 |
416.703 |
|
|
Cash & Bank Balances |
46.635
|
92.051 |
54.195 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
109.464
|
97.530 |
66.928 |
|
Total
Current Assets |
813.676
|
877.568 |
537.826 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
542.858
|
537.607 |
348.478 |
|
|
Other Current Liabilities |
104.302
|
214.114 |
83.300 |
|
|
Provisions |
17.898
|
14.101 |
17.738 |
|
Total
Current Liabilities |
665.058
|
765.822 |
449.516 |
|
|
Net Current Assets |
148.618
|
11.746 |
88.310 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.054 |
0.066 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
156.457 |
119.907 |
93.825 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1634.245 |
1472.614 |
872.021 |
|
|
|
Other Income |
9.477 |
7.288 |
3.506 |
|
|
|
TOTAL |
1643.722 |
1479.902 |
875.527 |
|
|
|
|
|
|
|
|
|
BUSINESS
EXPENSES |
1588.864 |
1440.366 |
824.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
54.858 |
39.536 |
51.027 |
|
|
|
|
|
|
|
|
|
|
TAX |
17.899 |
14.099 |
17.049 |
|
|
|
|
|
|
|
|
|
|
FRINGE BENEFIT
TAX |
0.053 |
0.002 |
0.638 |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
DEFERRED TAX |
0.356 |
(0.644) |
(0.038) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
36.550 |
26.081 |
33.378 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
730.99 |
521.66 |
667.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.16
|
1.76 |
3.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.36
|
2.68 |
5.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.59
|
4.47 |
9.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.32 |
0.54 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.24
|
6.39 |
4.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22
|
1.15 |
1.20 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
PERFORMANCE:
During the year the Company earned substantially higher Total Income of
Rs.1643.722 Millions as compared to Rs.1479.902 Millions in the previous year.
Correspondingly, the expenses also increased from Rs.1440.366 Millions in the
previous year to Rs.1588.864 Millions in the current year. The Profit Before
Tax increased to Rs.54.858 Millions from Rs.39.536 Millions in the previous
year. After providing for Tax of Rs.178.99 Millions the Net Prof it for the
year was Rs.36.550 Millions as compared to Rs.26.081 Millions in the previous
year. The directors are hopeful of a better performance during the current
financial year.
Note: The Registered office of the company has been
shifted from Koch House, Ground
Floor, Jerbai Wadia Road, Sewri (West), Mumbai – 400 015, Maharashtra, India to
the present address w.e.f 15.06.2011
Details of Sundry
Creditors
Rs.
in Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Creditors due small micro enterprises |
0.000 |
0.000 |
0.000 |
|
Creditors due others |
542.858
|
537.607 |
0.000 |
|
Sundry Creditors – Purchase and Expense |
0.000
|
0.000 |
348.478 |
|
Total |
542.858
|
537.607 |
348.478 |
Fixed Assets:
·
Compute Systems and
Software
·
Furniture and Fittings
·
Office Equipments
·
Electrical
Installations
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.55.37 |
|
|
1 |
Rs.85.95 |
|
Euro |
1 |
Rs.67.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
49 |
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.