|
Report Date : |
21.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
ZOOM COMMUNICATIONS LIMITED |
|
|
|
|
Registered
Office : |
B-10, Greater Kailash, Enclave Part-1, New Delhi – 110048 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
29.03.1989 |
|
|
|
|
Com. Reg. No.: |
55-035643 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.102.340 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32204DL1989PLC035643 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELZ00062G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ0080E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The company engaged in
Broadcasting, Audio Video and Studio Services |
|
|
|
|
No. of Employees
: |
Not available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
B-10, Greater Kailash, Enclave Part-1, New Delhi – 110048, India |
|
Tel. No.: |
91-11-42110000 / 29531247 / 32026412 / 32449993 |
|
Fax No.: |
91-11-29531248 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 03.11.2010
|
Name : |
Mrs. Divyadeepti Sunilkumar Handa |
|
Designation : |
Director |
|
Address : |
203-204, Shakuntal,
Opposite CN Vidyalaya, Ambawadi, Ahmedabad -380015, Gujarat, India |
|
Date of Birth/Age : |
17.06.1960 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
00010044 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65923GJ1994PTC021120 |
KINARA
FINANCIAL PRIVATE LIMITED |
Director |
23-11-94 |
23-11-94 |
- |
Active |
NO |
|
2 |
U65923GJ1994PTC021121 |
ABHIMUKT
FINANCIAL PRIVATE LIMITED |
Director |
01-12-94 |
01-12-94 |
- |
Under
Process of Striking off |
NO |
|
3 |
U65923GJ1994PTC021126 |
NAIVEDHYA
CONSULTANTS PRIVATE LIMITED |
Director |
01-12-94 |
01-12-94 |
- |
Active |
NO |
|
4 |
U65910GJ1994PTC024020 |
SID
MANAGEMENT CONSULTANCY PRIVATE LIMITED |
Director |
28-01-95 |
28-01-95 |
- |
Active |
NO |
|
5 |
U65910GJ1994PTC024021 |
ADIHAN
CONSULTANTS PRIVATE LIMITED |
Director |
28-01-95 |
28-01-95 |
- |
Strike
off |
NO |
|
6 |
U65910GJ1995PTC024501 |
SIDHKAY
CONSULTANTS PRIVATE LIMITED |
Director |
03-02-95 |
03-02-95 |
- |
Under
Process of Striking off |
NO |
|
7 |
U27101GJ1990PLC014700 |
CHRYSALIS
FINANCE LIMITED |
Director |
31-07-95 |
31-07-95 |
- |
Active |
NO |
|
8 |
U91110GJ1995PLC027850 |
CHRYSALIS
INDUSTRIES LIMITED |
Director |
17-10-95 |
17-10-95 |
- |
Active |
NO |
|
9 |
L67190GJ1984PLC006746 |
AUSOM
ENTERPRISE LIMITED |
Director |
23-03-96 |
23-03-96 |
07-08-09 |
Active |
NO |
|
10 |
U80302GJ1996NPL028726 |
EKLAVYA
EDUCATION FOUNDATION |
Director |
22-11-99 |
22-11-99 |
- |
Active |
NO |
|
11 |
U74900GJ2007PTC051560 |
CEL
PACKAGING PRIVATE LIMITED |
Director |
22-08-07 |
22-08-07 |
- |
Active |
NO |
|
12 |
U32204DL1989PLC035643 |
ZOOM
COMMUNICATIONS LIMITED |
Director |
30-09-08 |
01-10-07 |
27-12-10 |
Active |
NO |
|
Name : |
Mr. Gulshan Kumar Jhurani |
|
Designation : |
Director |
|
Address : |
B-226A, Greater Kailash,
Part-I, New Delhi – 110048, India |
|
Date of Birth/Age : |
27.05.1962 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
00209894 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
L65910DL1990PLC040705 |
GENESIS
FINANCE COMPANY LIMITED |
Director |
10-08-94 |
10-08-94 |
- |
Active |
NO |
|
2 |
U72900DL2000PTC106935 |
Q2AMEDIA
SERVICES PRIVATE LIMITED |
Director |
24-03-04 |
24-03-04 |
- |
Active |
NO |
|
3 |
U74899DL1987PTC027358 |
SOPAN
REAL ESTATES PRIVATE LIMITED |
Director |
08-02-05 |
08-02-05 |
- |
Active |
NO |
|
4 |
U32204DL1989PLC035643 |
ZOOM
COMMUNICATIONS LIMITED |
Director |
03-11-10 |
27-03-06 |
- |
Active |
NO |
|
5 |
U32201DL2006PTC156387 |
FLASH
BROADCASTING TV PRIVATE LIMITED |
Director |
08-12-06 |
08-12-06 |
17-04-10 |
Active |
NO |
|
6 |
U29190DL1954PLC002456 |
ASSOCIATED
DRILLING AND SERVICES LIMITED |
Director |
30-09-08 |
01-09-07 |
- |
Active |
NO |
|
7 |
U45200DL2007PTC160326 |
SHOUYEE
INFRASTRUCTURE PRIVATE LIMITED |
Additional
director |
15-06-10 |
15-06-10 |
- |
Active |
NO |
|
8 |
U29268KA2007PTC042212 |
BIZ
INDIA VENTURES PRIVATE LIMITED |
Director |
19-06-10 |
19-06-10 |
- |
Active |
NO |
|
9 |
U74140DL2010PTC206262 |
NATURE
ECO VENTURE PRIVATE LIMITED |
Director |
26-07-10 |
26-07-10 |
- |
Active |
NO |
|
10 |
U45200DL2011PTC213631 |
EMPI
INNOVATION PARK PRIVATE LIMITED |
Director |
09-02-11 |
09-02-11 |
- |
Active |
NO |
|
11 |
U92490DL2011PTC229050 |
ZOOM
MUSIC PRIVATE LIMITED |
Director |
21-12-11 |
21-12-11 |
- |
Active |
NO |
|
12 |
U74999KA2011PTC061463 |
LEPAKSHI
SCIENCE AND TECHNOLOGY PARK PRIVATE LIMITED |
Additional
director |
05-03-12 |
05-03-12 |
- |
Active |
NO |
|
13 |
U85100KA2010PTC053295 |
LEPAKSHI
HERITAGE WELLNESS VILLAGE PRIVATE LIMITED |
Additional
director |
05-03-12 |
05-03-12 |
- |
Active |
NO |
|
Name : |
Mr. Rashmi Kant |
|
Designation : |
Managing director |
|
Address : |
No. 4, Krishna Menon
Marg, New Delhi - 110048,
India |
|
Date of Birth/Age : |
06.04.1962 |
|
Date of Appointment : |
29.03.1989 |
|
DIN No.: |
01132745 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U32204DL1989PLC035643 |
ZOOM
COMMUNICATIONS LIMITED |
Managing
director |
01-10-07 |
29-03-89 |
- |
Active |
NO |
|
2 |
U92490DL2011PTC229050 |
ZOOM
MUSIC PRIVATE LIMITED |
Director |
21-12-11 |
21-12-11 |
- |
Active |
NO |
|
Name : |
Mr. Vaseem Ahmed Dehlvi |
|
Designation : |
Whole-time director |
|
Address : |
C-32, Nizamuddin East,
New Delhi – 110048, India |
|
Date of Birth/Age : |
03.10.1961 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
02844765 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U22222DL2009PTC186879 |
Zoom
Broadcast Systems Private Limited |
Additional
director |
18-03-09 |
18-03-09 |
- |
Active |
NO |
|
2 |
U32204DL1989PLC035643 |
ZOOM
COMMUNICATIONS LIMITED |
Whole-time
director |
03-11-10 |
01-06-10 |
- |
Active |
NO |
|
Name : |
Mrs. Mona Kant |
|
Designation : |
Whole-time director |
|
Address : |
No. 4, Krishna Menon
Marg, New Delhi - 110048,
India |
|
Date of Birth/Age : |
26.12.1968 |
|
Date of Appointment : |
31.03.2002 |
|
Date of Cessation : |
25.02.2011 |
|
DIN No.: |
01160584 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U32204DL1989PLC035643 |
ZOOM
COMMUNICATIONS LIMITED |
Whole-time
director |
01-10-07 |
31-03-02 |
25-02-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Sudhanshu Kumar Singh |
|
Designation : |
Secretary |
|
Address : |
C-228, Paryavaran Complex,
New Delhi-110030 |
|
Date of Birth/Age : |
22.12.1971 |
|
Date of Appointment : |
12.04.2008 |
|
PAN No.: |
AVSPS2832F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 03.11.2010
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Rashmi Kant |
|
10217046 |
|
Divya Deepti Handa |
|
6020 |
|
Mona Kant |
|
602 |
|
Sukant Kohli |
|
602 |
|
Suman Krishan Kant |
|
5000 |
|
Sunil Kumar Handa |
|
4300 |
|
Aditi Handa |
|
430 |
|
Total |
|
10234000 |
As on 03.11.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company engaged in
Broadcasting, Audio Video and Studio Services |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Standard Chartered Bank, Credit Risk Control,
Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India ·
Axis Bank Limited ·
HSBC Bank ·
ICICI Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ram C. Kapoor and Associates Chartered Accountants |
|
Address : |
D-43, Gulmohar Park, New Delhi – 110049, India |
|
PAN.: |
AADFR9957N |
|
|
|
|
Subsidiary : |
·
Zoom Comm Pte Limited ·
Zoom Comm Private Limited ·
Zoom Broadcast System Private Limited CIN
No.: U22222DL2009PTC186879 |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10234000 |
Equity Shares |
Rs.10/- each |
Rs.102.340
Millions |
|
|
(Out of above Shares 2924000 Equity Shares
of Rs.10/- each were allotted as fully paid-up Bonus Shares by capitalization
of Reserves in Financial Year 2007-08)
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
102.340 |
102.340 |
102.340 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
414.187 |
252.839 |
167.449 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
516.527 |
355.179 |
269.789 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
774.557 |
562.403 |
292.736 |
|
|
2] Unsecured Loans |
64.084 |
17.419 |
0.000 |
|
|
TOTAL BORROWING |
838.641 |
579.822 |
292.736 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
7.011 |
2.571 |
|
|
|
|
|
|
|
|
TOTAL |
1355.168 |
942.012 |
565.096 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
976.099 |
1059.321 |
600.596 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.100 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
8.911 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
264.600
|
135.948 |
75.465 |
|
|
Cash & Bank Balances |
39.152
|
0.019 |
53.040 |
|
|
Other Current Assets |
211.346
|
184.578 |
26.271 |
|
|
Loans & Advances |
188.335
|
132.070 |
158.268 |
|
Total
Current Assets |
703.433
|
452.615 |
313.044 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
51.887
|
263.705 |
160.176 |
|
|
Other Current Liabilities |
180.867
|
216.257 |
84.093 |
|
|
Provisions |
100.621
|
89.962 |
104.275 |
|
Total
Current Liabilities |
333.375
|
569.924 |
348.544 |
|
|
Net Current Assets |
370.058
|
(117.309) |
(35.500) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1355.168 |
942.012 |
565.096 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
881.203 |
644.245 |
318.263 |
|
|
|
Other Income |
28.127 |
12.426 |
18.435 |
|
|
|
TOTAL (A) |
909.330 |
656.671 |
336.698 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating Expenses |
263.539 |
201.573 |
26.011 |
|
|
|
Administration and other Expenses |
94.715 |
60.522 |
34.486 |
|
|
|
TOTAL (B) |
358.254 |
262.095 |
60.497 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
551.076 |
394.576 |
276.201 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
85.065 |
56.682 |
33.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
466.011 |
337.894 |
242.311 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
226.535 |
169.540 |
100.729 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
239.476 |
168.354 |
141.582 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
94.050 |
63.983 |
40.370 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
145.426 |
104.371 |
101.212 |
|
|
|
|
|
|
|
|
|
Add / (Less) |
PROVISION FOR
DIFFERED TAX |
15.922 |
(4.439) |
0.000 |
|
|
|
|
|
|
|
|
|
Add / (Less) |
SHORT PROVISION
FOR INCOME TAX (F.Y 05-06 & 06-07) |
0.000 |
(7.097) |
0.000 |
|
|
|
|
|
|
|
|
|
Add / (Less) |
DIFFERENCE IN
FOREIGN EXCHANGE CAPITALISED |
0.000 |
(7.445) |
0.000 |
|
|
|
|
|
|
|
|
|
Add / (Less) |
CAPATILSED
DURING THE YEAR |
0.000 |
0.000 |
29.240 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
252.839 |
167.449 |
95.477 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
414.187 |
252.839 |
167.449 |
|
|
|
|
|
|
|
|
|
|
TOTAL EARNINGS |
142.139 |
73.922 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.76 |
9.76 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
15.99
|
15.89 |
30.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
27.18
|
26.13 |
44.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.26
|
11.13 |
15.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46
|
0.47 |
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.27
|
3.24 |
2.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11
|
0.79 |
0.90 |
LOCAL AGENCY FURTHER INFORMATION
BUSINESS OVERVIEW
AND PERFORMANCE
During the year, The Company continued to establish its position as
leading outside broadcast (OB) service provider for delivery of Live sports,
Entertainment and News Content.
The Company continued to provide
• Systems Solutions,
Integration and Broadcast Services
• Production and Post
Production Services
During the year ZCL has provided all Host Broadcasting and Unilateral
Production Kits /Facilities for the prestigious Indian Premier League Cricket.
ZCL is also providing complete Cricket Outdoor Broadcast Facilities and
Engineering support for international and domestic matches to BCCI.
In view of its contracts with the media houses and an ever increasing
client base, ZCL is now the biggest broadcast facilities and solutions provider
in South Asia offering a comprehensive spectrum of full service capabilities
and turnkey technology solutions.
OPPORTUNITIES
Growth drivers of the Entertainment and Media sector reflects massive
opportunities in the sector. The changing urban consumer mindset due to
increased exposure to global influences is leading to higher aspirations which
have provided further fillip to leisure spending. The Indian rural market,
three times the size of urban India, offers a huge opportunity. Media
penetration is poor in lower socio-economic classes but absolute numbers are
higher. The migration of subscribers to new technologies will lead to heavy demand
for broadcast equipment and specialized services in order to provide such
services.
BUSINESS STRATEGY
AND FUTURE PLANS
The Company is in its growth
stage in order to maintain its position as the prominent Broadcast Services
Provider of South East Asia. Your Company has been able to maintain its
position of dominance due to a successful record of providing flawless and
seamless services with world class performance standards. As a result of its
high quality performance it has been able to bag big contracts for various
segments of the television industry as well as for mega events.
Keeping eye on the overall growth the media industry your Company has
its plans in place.
GROWTH DRIVERS
Entertainment and Media Sector is being driven by multiple growth
factors. Purchasing power parity, rise in disposable income, change in urban
consumer mindset, increased advertisement spend, digitization and swift
upgradation of technology are the major growth drivers of the industry. ZCL is
directly impacted by any change in the growth drivers of the Entertainment and
Media sector.
Bankers Charges
Report as per Registry:
|
Corporate
identity number of the company |
U32204DL1989PLC035643 |
|
Name of the
company |
ZOOM
COMMUNICATIONS LIMITED |
|
Address of the
registered office or of the principal place of business in |
B-10, Greater Kailash, Enclave Part-1, New Delhi – 110048, India E-mail : singhsudhanshu@zoomcom.in
|
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10208655 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Standard Chartered Bank, Credit Risk Control, Narain Manzil, 23
Barakhamba Road, New Delhi - 110001, India E-mail : Ashima.Tandon@sc.com |
|
Nature of
instrument creating charge |
Supplemental
agreement unattested memorandum of hypothecation. |
|
Date of
instrument Creating the charge |
30.06.2011 |
|
Amount secured by
the charge |
Rs.580.950
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per facility
advice letter dated 07.06.2011 to be amended from time to time. Terms of
Repayment As per facility
advice letter dated 07.06.2011 to be amended from time to time. Margin As per facility
advice letter dated 07.06.2011 to be amended from time to time. Extent and
Operation of the charge As per facility
advice letter dated 07.06.2011 to be amended from time to time. Others The above to
seucre the following revised credit facilities :- (Rs.
In Millions)
Existing Revised Short Term
Loan 300.000 300.000 Performance
Guarantee 180.000 177.000 Overdraft 50.000 --- WCDL 50.000 --- Payment
Undertaking 336.000 103.950 (eqv. to USD 2.310 Mio.) for
Buyers Credit |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation By
way of 1st and exclusive charge over all p/f movable F/assets as may be
purchased from the proceeds of the facility and all p/f movable F/as. Of the company
With respect to execution of the contract dated 27.09.2007 entered into
between the company and Inx News Private Limited (Inx) in relation to supply
of equipment, facilities and related maintenance by zoom for news x studious
in Noida (U.P.) and Mumbai and all p/f b/d etc. Become due to the company By
sis live UK, under the contract dt. 5.3.10 for productions and coverage of
commonwealth games 2010, executed between the company and sis and Inx under
the Inx contract Hypothecation By
way of 1st p/p charge over all p/f movable F/a stored or to be stored at the
co's godowns or premises sit. At b-10, greater kailash enclave-i, new delhi
or wherever else the same may be. Hypothecation By
way of 2nd charge over all p/f b/debts etc. Due to the company By the Board
Of Control For Cricket In India (BCCI) under the contract dated 26.02.2009,
executed between the company and the BCCI, for coverage of Indian premier
league cricket matches. |
|
Date of
instrument modifying the charge |
11.10.2010 |
|
Particulars of
the present modification |
Credit facilities
shall stand reduced from Rs. 916.000 Millions to Rs.580.950 Millions and
shall additionally be secured by first and exclusive charge over plant and
machinery and other movable assets of IPL matches. All other terms
and conditions remaining the same. |
Fixed Assets:
·
Equipments
·
Furniture and Fixtures
·
Vehicles
·
Building
·
Office Equipments
·
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 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.50.25 |
|
|
1 |
Rs.79.76 |
|
Euro |
1 |
Rs.66.52 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.