|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
UNILAZER MEDIA LIMITED (w.e.f.13.05.2009) |
|
|
|
|
Formerly Known As
: |
UTV NEWS BROADCASTING LIMITED |
|
|
|
|
Registered
Office : |
Parijaat House,
1076, Dr. E Moses Road, Worli Naka, Mumbai – 400018, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.03.2009 |
|
|
|
|
Com. Reg. No.: |
11-191120 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 77.269
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74940MH2009PLC191120 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMU05935G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCU0804C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing News Broadcasting Services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Unilazer Holding Limited”. It is an established company having moderate track record. The
management has failed to file its financial with the government department
for the year 2012. As per previous year’s record, there appear some accumulated losses
recorded by the company. It has incurred loss from its operation. However, trade relations are reported as fair. Business is active.
Payment terms are 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.
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Shailesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-40983716 |
|
Date : |
18.04.2013 |
LOCATIONS
|
Registered Office : |
Parijaat House, 1076,
Dr. E Moses Road, Worli Naka, Mumbai – 400018, Maharashtra, India |
|
Tel. No.: |
91-22-40983716 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Rohinton Soli Screwvala |
|
Designation : |
Director |
|
Address : |
Flat No.11 and 12, 5th Floor, Bhulabhai Desai Road, Mumbai
– 400020, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1956 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
17.06.2010 |
|
DIN No.: |
00003423 |
|
|
|
|
Name : |
Mr. Amit Bapna |
|
Designation : |
Director |
|
Address : |
503, Purna Apartments, Worli, Mumbai – 400030, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1975 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
17.06.2010 |
|
DIN No.: |
00008443 |
|
|
|
|
Name : |
Mr. Vinod Wadhumal Agnani |
|
Designation : |
Director |
|
Address : |
1005, 20th Floor, Shastri Nagar, Lokhandwala, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
19.10.1951 |
|
Qualification : |
B.Com, Chartered Accountant |
|
Date of Appointment : |
17.06.2010 |
|
DIN No.: |
00214745 |
|
|
|
|
Name : |
Mr. Tarun Ashok Katial |
|
Designation : |
Additional director |
|
Address : |
403, A/20, Shastri Nagar, Andheri (West), Mumbai – 400053,
Maharashtra, India |
|
Date of Birth/Age : |
07.01.1975 |
|
Date of Appointment : |
20.07.2012 |
|
DIN No.: |
01665221 |
KEY EXECUTIVES
|
Name : |
Mr. Shailesh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Unilazer Holdings Limited, India |
|
3940691 |
|
Mohammed Sajid Ali |
|
1 |
|
Puneet Juneja |
|
1 |
|
Rajeev Wagle |
|
1 |
|
Angna Arora |
|
1 |
|
Jyotsna Tandel |
|
1 |
|
Ranjita Menon |
|
1 |
|
Amit Banka |
|
1 |
|
Media Capital Company (India) Private Limited, India |
|
2009000 |
|
Reliance Capital Limited, India |
|
1777191 |
|
Total |
|
7726889 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing News Broadcasting Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nisar and Kumar Chartered Accountants |
|
Address : |
A/17, Everest Building, Tardeo Road, Tardeo, Mumbai - 400034,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFN8765B |
|
|
|
|
Holding Company : |
Unilazer Holdings Limited [U64201MH2006PLC166426] |
|
|
|
|
Shareholders in the
Company : |
Ø Reliance Capital
Limited Ø Media Capital
Company (India) Private Limited |
|
|
|
|
Subsidiary of
the Company : |
Ø UTV News Limited Ø Business
Broadcast News Limited [U92200MH2007PLC170406] |
|
|
|
|
Fellow
Subsidiary : |
Unilazer Broadcasting limited |
|
|
|
|
Enterprises over
which Key Management Personnel have significant influence/ Common Control
exists : |
Ø Unilazer Exports
and Management Consultants Limited Ø UTV Software
Communications Limited [L72200MH1990PLC056987] Ø UTV Global
Broadcasting limited Ø Genx
Entertainment Limited Ø UTV
Entertainment Television Limited Ø UTV New Media
Limited Ø UTV
Communications (USA) LLC Ø IG Interactive
Entertainment Limited Ø Indiagames
Limited Ø Ignition
Entertainment Limited, UK Ø Ignition Entertainment
Limited, USA Ø UTV Games
Limited Ø True Games
Interactive Inc. Ø Ignition London
Limited Ø UTV TV Content
limited Ø RB Entertainment
Limited Ø First Future
Agri & Developers Limited Ø Unilazer (Hong
Kong) Limited Ø United
Tele-Shopping and Marketing Company limited Ø Vijay
Broadcasting Company Private Limited Ø Screenshot
Television Limited Ø Vikatan UTV
Content Limited Ø UTV Tele Talkies
Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
61,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 615.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,726,889 |
Equity Shares |
Rs. 10/- each |
Rs. 77.269 Millions
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
77.269 |
38.407 |
|
|
2] Share Application Money |
|
0.000 |
1200.000 |
|
|
3] Reserves & Surplus |
|
961.138 |
0.000 |
|
|
4] (Accumulated Losses) |
|
(7.734) |
(0.503) |
|
|
NETWORTH |
|
1030.673 |
1237.904 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
600.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
600.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1630.673 |
1237.904 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.000 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
37.907 |
37.907 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000
|
0.000 |
|
|
Sundry Debtors |
|
0.000
|
0.000 |
|
|
Cash & Bank Balances |
|
0.324
|
0.009 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
1592.500
|
1200.000 |
|
Total
Current Assets |
|
1592.824
|
1200.009 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
0.011
|
0.011 |
|
|
Other Current Liabilities |
|
0.047
|
0.001 |
|
|
Provisions |
|
0.000
|
0.000 |
|
Total
Current Liabilities |
|
0.058
|
0.012 |
|
|
Net Current Assets |
|
1592.766
|
1199.997 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
1630.673 |
1237.904 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL (A) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Administrative selling other Expenses |
|
7.184 |
0.503 |
|
|
|
TOTAL (B) |
|
7.184 |
0.503 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(7.184) |
(0.503) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.047 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(7.231) |
(0.503) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
(7.231) |
(0.503) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
(7.231) |
(0.503) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
(0.503) |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(7.734) |
(0.503) |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
(1.05) |
(0.24) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(0.45)
|
(0.04)
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.01)
|
0.00
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.58
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
27462.48
|
100000.75 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. in Millions) |
|
|
Sundry creditors |
|
|
|
Creditors due others |
0.011 |
0.011 |
|
Sr. No. |
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
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 |
No |
|
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 |
No |
|
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 8th Floor,
Building No.11, Solitare Corporate Park, Guru Hargovindji Marg, Chakala,
Andheri (East), Mumbai – 400093, Maharashtra, India to the present
w.e.f.26.03.2012
BACKGROUND OF THE COMPANY
UTV News
Broadcasting Limited ("UNBL the Company") was incorporated in India
as a Public Limited Company under the Companies Act, 1956 on March 20, 2009.The
name of the company has changed to Unilazer Media Limited on 13th May 2009
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 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. 53.94 |
|
|
1 |
Rs. 82.77 |
|
Euro |
1 |
Rs. 71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.