1. Summary Information
|
|
|
Country |
|
|
Company Name |
TATA SKY LIMITED |
Principal Name 1 |
Mr. Ishaat Riyasat Hussain |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Bharat Damodar Vasani |
|
|
|
Registration # |
11-130365 |
|
Street Address |
3rd Floor, C-1, Wadia International Centre ( |
||
|
Established Date |
09.01.2001 |
SIC Code |
-- |
|
Telephone# |
91-22-66133000 |
Business Style 1 |
Service Provider |
|
Fax # |
91-22-66133030 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Direct-To-Home (DTH) Broadcasting Services |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.11680,356,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 30.00 % Bodies corporate - 70.00% |
Banking |
IDBI
Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
12 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
-- |
Tata Sons Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
2,290,591,000 |
Current Liabilities |
27,263,633,000 |
|
Inventories |
55,639,000 |
Long-term Liabilities |
15,517,175,000 |
|
Fixed Assets |
14,881,002,000 |
Other Liabilities |
1,798,073,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
44,578,881,000 |
|
Invest& other Assets |
8,104,442,000 |
Retained Earnings |
(30,927,563,000) |
|
|
|
Net Worth |
(19,247,207,000) |
|
Total Assets |
25,331,674,000 |
Total Liab. & Equity |
25,331,674,000 |
|
Total Assets (Previous Year) |
14,357,386,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
22,864,733,000 |
Net Profit/ / (Loss) |
(3,789,327,000) |
|
Sales(Previous yr) |
17,296,997,000 |
Net Profit/
(Loss)(Prev.yr) |
(2,981,430,000) |
|
Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
TATA SKY LIMITED (w.e.f July 2005) |
|
|
|
|
Formerly Known
As : |
SPACE TV LIMITED (w.e.f 17.05.2004) SPACE TV PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, C-1, Wadia International Centre ( |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.01.2001 |
|
|
|
|
Com. Reg. No.: |
11-130365 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.11680.356 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92120MH2001PTC130365 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS33388F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS9294M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
To provide direct-to-home (DTH) broadcasting services to
cable TV viewers across the country. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears accumulated losses recorded by the company. However, capital
base seems to be strong. Company gets good support from its holdings. Trade relations are reported as fair. Business is active. Payment
terms are regular as per commitment. In view of strong support the company can be considered 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock Exchange.
The exchange plans to launch the currency futures platform with advanced
trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A (Long Term Rating) |
|
Rating Explanation |
Adequate credit quality and average credit
risk. |
|
Date |
November 26, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1 (Short Term Rating) |
|
Rating Explanation |
Very strong degree of safety and lowest
credit risk. |
|
Date |
November 26, 2013 |
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 DENIED
Management Non Co-Operative (91-22-66133000)
LOCATIONS
|
Registered Office : |
3rd Floor, C-1, Wadia International Centre ( |
|
Tel. No.: |
91-22-66133000 |
|
Fax No.: |
91-22-66133030 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 24.06.2013
|
Name : |
Mr. Ishaat Riyasat Hussain |
|
Designation : |
Director |
|
Address : |
Flat No.222, 2nd Floor, B Wing, NCPA, Residential Apartments, Sir Dorab Tata Road, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1947 |
|
Date of Appointment : |
06.02.2004 |
|
DIN No.: |
00027891 |
|
|
|
|
Name : |
Mr. Bharat Damodar Vasani |
|
Designation : |
Director |
|
Address : |
Flat No. B-11, Peregrine 400, Veer Savarkar Marg, Prabhadevi,
Mumbai-400025, |
|
Date of Birth/Age : |
24.08.1958 |
|
Date of Appointment : |
06.02.2004 |
|
DIN No.: |
00040243 |
|
|
|
|
Name : |
Mr. Farokh Nariman Subedar |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
24.09.1955 |
|
Date of Appointment : |
06.02.2004 |
|
DIN No.: |
00028428 |
|
|
|
|
Name : |
Mr. Harit Nagpal |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 5 2nd Floor, 27-A, |
|
Date of Birth/Age : |
02.11.1961 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AADPN5389A |
|
DIN No.: |
00481307 |
|
|
|
|
Name : |
Mr. Uday Shankar |
|
Designation : |
Director |
|
Address : |
Vastu CHS 3/4th Floor, Plat Nos. 301 and 302, Dr. R G Thandani Marg, Worli Sea Face, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1961 |
|
Date of Appointment : |
01.08.2009 |
|
DIN No.: |
01755963 |
|
|
|
|
Name : |
Mr. Jan Koeppen |
|
Designation : |
Director |
|
Address : |
Flat 815, Onslow, Gardens |
|
Date of Birth/Age : |
11.12.1970 |
|
Date of Appointment : |
26.03.2010 |
|
DIN No.: |
03045923 |
|
|
|
|
Name : |
Mr. Rohit Sipahimalani |
|
Designation : |
Director |
|
Address : |
House 22, 2nd Avenue, Singapore-266673 |
|
Date of Birth/Age : |
03.10.1966 |
|
Date of Appointment : |
11.10.2011 |
|
DIN No.: |
00904065 |
KEY EXECUTIVES
|
Name : |
Mr. Kumud Goel |
|
Designation : |
Secretary |
|
Address : |
945/946, Kohinoor, |
|
Date of Birth/Age : |
31.05.1976 |
|
Date of Appointment : |
01.08.2009 |
|
PAN No.: |
AEZPJ8917L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Tata Sons Limited, India |
|
584017278 |
|
Tata Sons
Limited, |
|
100 |
|
Tata Sons
Limited, |
|
100 |
|
Tata Sons
Limited, |
|
100 |
|
Tata Sons
Limited, |
|
100 |
|
Tata Sons
Limited, |
|
100 |
|
Network Digital
Distribution Services FZ- LLC, |
|
233607111 |
|
Baytree
Investments ( |
|
116803557 |
|
TS Investments
Limited, |
|
233607111 |
|
|
|
|
|
Total |
|
1168035557 |
As on: 18.09.2013
|
Names of Allottees |
|
No. of Shares |
|
Network Digital
Distribution Services FZ- LLC, Dubai |
|
22222224 |
|
Baytree
Investments ( |
|
11111112 |
|
TS Investments
Limited, |
|
22222224 |
|
Omega FII
Investment Pte Limited, Singapore |
|
50807222 |
|
Tata Capital
Limited, India |
|
4748338 |
|
|
|
|
|
Total |
|
111111120 |
Equity Share Break up (Percentage of Total Equity)
As on: 24.06.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
30.00 |
|
Bodies corporate |
|
70.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To provide direct-to-home (DTH) broadcasting services to cable
TV viewers across the country. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· IDBI Bank Limited, IDBI Tower WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India · The Hongkong and Shanghai Banking Corporation Limited, 1st Floor, 16 Veer Nariman Road, Fort, Mumbai - 400001, Maharashtra, INDIA |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name 1 : |
S. R. Batliboi and Associates Chartered Accountants |
|
Address : |
14th Floor, The Ruby 29, Senapati Bapat Marg, Dadar (West) Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9118A |
|
|
|
|
Name 2 : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
12, |
|
PAN No.: |
AADFD2337G |
|
|
|
|
Associates/Subsidiaries : |
|
|
|
|
|
Fellow Subsidiary
Company : |
· Tata Consultancy Services Limited CIN No.: L22210MH1995PLC084781 · Tata AIG General Insurance Company Limited CIN No.: U85110MH2000PLC128425 · Tata AIA Life Insurance Company Limited CIN No.: U66010MH2000PLC128403 · Tata Teleservices (Maharashtra) Limited CIN No.: L64200MH1995PLC086354 · Tata Teleservices Limited CIN No.: U74899DL1995PLC066685 · Tata AS Set Management Limited CIN No.: U65990MH1994PLC077090 · Tata Capital Limited CIN No.: U65990MH1991PLC060670 · Tata Investment Corporation Limited CIN No.: L67200MH1937PLC002622 · Tata Business Support Services Limited CIN No.: U64200AP1995PLC044060 · Drive India Enterprise Solutions Limited CIN No.: U72900MH2000PLC126195 · Infiniti Retail Limited CIN No.: U31900MH2005PLC158120 |
|
|
|
|
Subsidiary Company
: |
ACTVE Digital Services Private Limited CIN No.: U64120MH2006PTC159808 |
|
|
|
|
Holding Company : |
Tata Sons Limited CIN No.: U99999MH1917PLC000478 |
CAPITAL STRUCTURE
After: 24.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000000 |
Equity Shares |
Rs.10/- each |
Rs.20000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1279146677 |
Equity Shares |
Rs.10/- each |
Rs.12791.467 Millions |
|
|
|
|
|
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000000 |
Equity Shares |
Rs.10/- each |
Rs.20000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1168035557 |
Equity Shares |
Rs.10/- each |
Rs.11680.356 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
11680.356 |
11065.600 |
9836.089 |
|
(b) Reserves & Surplus |
(30927.563) |
(27918.263) |
(27764.708) |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
1487.708 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
(19247.207) |
(15364.955) |
(17928.619) |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
6641.810 |
6371.901 |
7375.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
263.220 |
0.000 |
0.000 |
|
(d) long-term provisions |
722.266 |
71.149 |
61.500 |
|
Total Non-current
Liabilities (3) |
7627.296 |
6443.050 |
7436.500 |
|
|
|
|
|
|
(4) Current
liabilities |
|
|
|
|
(a) Short term borrowings |
8875.365 |
3166.044 |
5103.441 |
|
(b) Trade payables |
1767.897 |
1845.845 |
3283.313 |
|
(c) Other current liabilities |
25232.516 |
17475.885 |
10578.790 |
|
(d) Short-term provisions |
1075.807 |
791.517 |
847.359 |
|
Total Current
Liabilities (4) |
36951.585 |
23279.291 |
19812.903 |
|
|
|
|
|
|
TOTAL |
25331.674 |
14357.386 |
9320.784 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12784.364 |
7626.003 |
3535.641 |
|
(ii) Intangible Assets |
2096.638 |
1724.670 |
1031.602 |
|
(iii) Capital work-in-progress |
8052.489 |
3146.787 |
2733.979 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.953 |
1.953 |
1.953 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
499.049 |
362.080 |
394.383 |
|
(e) Other Non-current assets |
149.691 |
112.826 |
97.541 |
|
Total Non-Current
Assets |
23584.184 |
12974.319 |
7795.099 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
50.000 |
120.000 |
0.000 |
|
(b) Inventories |
55.639 |
10.869 |
1.755 |
|
(c) Trade receivables |
304.687 |
161.035 |
535.237 |
|
(d) Cash and cash equivalents |
58.732 |
151.877 |
29.183 |
|
(e) Short-term loans and advances |
944.275 |
812.048 |
942.645 |
|
(f) Other current assets |
334.157 |
127.238 |
16.865 |
|
Total Current
Assets |
1747.490 |
1383.067 |
1525.685 |
|
|
|
|
|
|
TOTAL |
25331.674 |
14357.386 |
9320.784 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
22864.733 |
17296.997 |
13538.087 |
|
|
|
Other Income |
103.476 |
58.972 |
40.861 |
|
|
|
TOTAL (A) |
22968.209 |
17355.969 |
13578.948 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
1624.296 |
1231.101 |
13385.454 |
|
|
|
Changes in inventories of finished goods, work-in progress and stock
in trade |
0.000 |
0.000 |
(535.001) |
|
|
|
Employee Related Expenses |
1335.439 |
1161.478 |
932.797 |
|
|
|
Other expenses |
17608.431 |
14479.288 |
2154.309 |
|
|
|
TOTAL (B) |
20568.166 |
16871.867 |
15937.559 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2400.043 |
484.102 |
(2358.611) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1563.498 |
1723.184 |
1343.342 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
836.545 |
(1239.082) |
(3701.953) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4625.872 |
1742.348 |
1035.286 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(3789.327) |
(2981.430) |
(4737.239) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(3789.327) |
(2981.430) |
(4737.239) |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
(3.25) |
(2.82) |
(5.11) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(16.50)
|
(17.18)
|
(34.89) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(16.57)
|
(17.24)
|
(34.99) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(21.93)
|
(26.60)
|
(71.94) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.19
|
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(0.81)
|
(0.62)
|
(0.70) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.05
|
0.06
|
0.08 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three 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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Term loans from banks |
4510.208 |
1871.901 |
|
SHORT-
TERM BORROWINGS |
|
|
|
Rupee term loans from banks |
1500.000 |
0.000 |
|
Foreign currency term loans from banks |
1717.474 |
305.647 |
|
Intercorporate deposits |
1310.000 |
500.000 |
|
Deposits from others |
250.000 |
0.000 |
|
Other loans and advances |
500.669 |
1511.556 |
|
|
|
|
|
Total |
9788.351 |
4189.104 |
OPERATIONS
The DTH sector in India is a six-player industry with about 56 million connections reported by March 2013. About 10.5 million fresh connections got added during this financial year. Tata Sky had about 26% share of the fresh additions of the year and about 31% of the gross additions by March 2013 retaining the leadership position in gross additions throughout the year. During the year, the Company reached the milestone of 11.5 million connections
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10461291 |
22/10/2013 |
3,500,000,000.00 |
IDBI Bank Limited |
IDBI TOWER WTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B89987176 |
|
2 |
10454027 |
19/09/2013 |
2,000,000,000.00 |
Axis Trustee Services Limited |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,
PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARAS |
B87051868 |
|
3 |
10418178 |
07/03/2013 |
1,600,000,000.00 |
Axis Trustee Services Limited |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND,
PANDURANG BUDHKAR MARG, WORLI, MUMBAI, MAHARAS |
B72069446 |
|
4 |
10169999 |
16/06/2009 |
3,000,000,000.00 |
Bank of India |
ANDHERI CORPORATE BANKING BRANCH, MDI BUILDING, 1ST FLOOR, 28 S V ROAD, ANDHERI (W), MUMBAI, MAHARASHTRA - 400058, INDIA |
A67222521 |
|
5 |
10152794 |
26/04/2013 * |
3,010,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
1ST FLOOR, 16 VEER NARIMAN ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B75567784 |
|
6 |
10136836 |
27/03/2010 * |
6,450,000,000.00 |
IDBI Bank Limited |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
A81837858 |
|
7 |
10077688 |
24/05/2011 * |
2,500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI,, MUMBAI, MAHARASHTRA - 400018, INDIA |
B14382865 |
FIXED ASSET
Tangible Assets
· Computer Equipment
· Office Equipment
· Plant and Machinery
· Broadcast Centre Equipments
· Customer Premises Equipment
· Furniture and Fixtures
· Vehicles
· Leasehold Improvements
Intangible Assets
· Computer Software
· Licenses and Franchise
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.62.10 |
|
|
1 |
Rs.101.27 |
|
Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YESO |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.