|
Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAIPUR IPL CRICKET PRIVATE LIMITED |
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|
|
|
Registered
Office : |
Ground Floor, Silver Star, CTS No.382, |
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|
Country : |
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Financials (as
on) : |
31.12.2011 |
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|
|
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Date of
Incorporation : |
08.03.2008 |
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|
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Com. Reg. No.: |
11-179869 |
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Capital
Investment/ Paid-up Capital: |
Rs.0.100 Million |
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CIN No.: [Company Identification
No.] |
U92412MH2008PTC179869 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ13404G |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Operating Cricket Franchise of Indian Premier league |
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No. of
Employees: |
Not Available |
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 1610000 |
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|
Status : |
Satisfactory |
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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 record. There
appears dip in the profitability.
However networth of the company appears to be strong. Trade relation are
reported to be fair. Business is active. Payment are report to be usually
correct and as per commitments. The company can be considered normal for business dealing at usual
trade terms and conditions. The Profit and loss in not available |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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.
INFORMATION DENIED BY
|
Name : |
Mr. Vipul |
|
Designation : |
Manager |
|
Contact No.: |
26440000 |
|
Date : |
27.07.2012 |
LOCATIONS
|
Registered Office : |
Ground Floor, Silver Star, CTS No.382, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 13.06.2012
|
Name : |
Ranjit Rabindranath Barthakur |
|
Designation : |
Director |
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Address : |
21, |
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Date of Birth/Age : |
08.08.1954 |
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Date of Appointment : |
08.03.2008 |
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Din No.: |
00142239 |
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|
|
|
Name : |
Raghuram Iyer |
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Designation : |
Director |
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Address : |
A -202, Royal Classic, New Link Road, Andheri (West), Mumbai – 400053,
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|
Date of Birth/Age : |
20.11.1970 |
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Date of Appointment : |
01.10.2008 |
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Din No.: |
02387131 |
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KEY EXECUTIVES
|
Name : |
Mr. Vipul |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 13.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
EM Sporting Holdings Limited |
|
9990 |
|
Emerging Media IPL Limited, (on
Behalf of EM Sporting Holdings
Limited) |
|
10 |
|
Total |
|
10000 |
As on 13.06.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Operating Cricket Franchise of Indian Premier league |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr.
Annie besant Road, Worli, Mumbai – 400018, |
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Facilities : |
Rs.
In Millions
|
|
|
|
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
R. Parikh and Company Chartered Accountant |
|
Address : |
321, Park Market, Third Floor, Opera House, Mumbai – 400004, |
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Tel. No.: |
91-22-23882929/23824753 |
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E-Mail : |
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Pan No.: |
AAGPP0615E |
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CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Share |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Share |
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 |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
0.100 |
|
|
2] Share Application Money |
331.821 |
331.821 |
331.821 |
|
|
3] Reserves & Surplus |
69.968 |
12.765 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.00 |
(220.267) |
|
|
NETWORTH |
401.889 |
344.686 |
111.654 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
1608.000 |
1795.600 |
2144.000 |
|
|
TOTAL BORROWING |
1608.000 |
1795.600 |
2144.000 |
|
|
DEFERRED TAX LIABILITIES |
22.455 |
27.149 |
173.127 |
|
|
|
|
|
|
|
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TOTAL |
2032.344 |
2167.435 |
2428.781 |
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|
|
|
|
|
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APPLICATION OF FUNDS |
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|
|
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|
|
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FIXED ASSETS [Net Block] |
1610.620 |
1877.420 |
2144.557 |
|
|
Capital work-in-progress |
1.298 |
2.049 |
2.416 |
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|
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INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
19.752
|
2.982 |
54.867 |
|
|
Cash & Bank Balances |
135.546
|
190.038 |
98.151 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
395.122
|
299.815 |
197.555 |
|
Total
Current Assets |
550.420
|
492.835 |
350.573 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
13.043
|
71.649 |
33.973 |
|
|
Other Current Liabilities |
81.081
|
93.273 |
30.811 |
|
|
Provisions |
35.870
|
39.947 |
3.981 |
|
Total
Current Liabilities |
129.994
|
204.869 |
68.765 |
|
|
Net Current Assets |
420.426
|
287.966 |
281.808 |
|
|
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|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2032.344 |
2167.435 |
2428.781 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
|
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
4.32 |
5.80 |
19.82 |
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|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.23 |
2.41 |
5.01 |
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 |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
- |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
No |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
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 |
|
PAN of
Proprietor/Partner/Director, if available |
No |
|
Passport No of
Proprietor/Partner/Director, if available |
No |
|
Voter ID No of Proprietor/Partner/Director,
if available |
No |
Note : The Registered office of the company has been
shifted from Shop No. 2A, Shanti Nagar, S.R.A. Complex, Mahakali Road, Andheri (East)
Mumbai - 400093 Maharashtra, India to the present address w.e.f.21.06.2011
DETAILS OF SUNDRY CREDITORS
Rs. in Millions
|
Particular |
31.12.2011 |
31.12.2011 |
31.12.2011 |
|
Sundry Creditors for Goods and Services Players and Support Staff |
1.615 |
57.122 |
24.783 |
|
Other Creditors Of the above Rs.1.343 Millions Payable of
Agllisys IT Services India Private Limited and Rs .4.427 Millions payable
Chalcot (There are no amounts due and Outstanding to
be credited to investor Education and Protection Fund) |
11.428 |
14.527 |
9.190 |
|
|
13.043 |
71.649 |
33.973 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U92412MH2008PTC179869 |
|
Name of the
company |
JAIPUR IPL
CRICKET PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Shop No. 2A, Shanti Nagar, S.R.A. Complex, Email: raghu.iyer@emergingmedia.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
· Others |
|
Particular of
charge holder |
Yes Bank Limited 9th Floor, Nehru Centre, Discovery Of Email: shareholders@yesbank.in |
|
Nature of
instrument creating charge |
Deed of Hypothecation |
|
Date of
instrument Creating the charge |
01.01.2011 |
|
Amount secured by
the charge |
Rs.128.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest: 4.0% p.a. payable upfront at the time of issuance of guarantee. Commission charged by the BG issuing PSU Bank will be debited to JICPL account on actuals Terms of Repayment:
2 Years FBG is open ended in nature & could be extended in tenor Margin: 5% Margin in form of FD (FBG I) 100% margin in form of FD (FBG II) Extent and operation of the charge:. First exclusive charge on all current assets (including receivables, loans and advances) of the Borrower pertaining to IPL tournament (including but not limited to all receivables from BCCI and sponsorship amount) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Fixed Deposit Receipt number 000140600039848 |
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.55.41 |
|
|
1 |
Rs.86.93 |
|
Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.