MIRA INFORM REPORT

 

 

Report Date :

28.02.2013

 

IDENTIFICATION DETAILS

 

Name :

RELIANCE BIG ENTERTAINMENT PRIVATE LIMITED (w.e.f. 24.10.2007)

 

 

Formerly Known As :

AAA INTERACTIVE MEDIA PRIVATE LIMITED

 

 

Registered Office :

502, Plot No.91/94, Prabhat Colony, Santacruz (East), Mumbai – 400 055, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

21.03.2006

 

 

Com. Reg. No.:

11-160603

 

 

Capital Investment / Paid-up Capital :

Rs.1030.000 Millions 

 

 

CIN No.:

[Company Identification No.]

U72900MH2006PTC160603

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMA27683F

 

 

PAN No.:

[Permanent Account No.]

AAFCA6658L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Providing Entertainment Services and also engaged in Production of Films.

 

 

No. of Employees :

Information declined by the Management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (28)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 44432000 

 

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

Clear

 

 

Comments :

Subject is a part of Reliance Anil Dhirubhai Ambani Group and is the owner of Radio Channel Big 92.7 FM.

 

It is an established company having moderate track record. Latest financials i.e. 2010-11 and 2011-12 are not made available. From the available it seems that the company has recorded some accumulated losses.

 

However, trade relations are reported as fair. Business is active. Payments terms are unknown.

 

In view of strong promoters the company can be considered for business dealings with slight caution.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

INDIAN ECONOMIC OVERVIEW

 

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

 

 

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 PARTED BY (PARTIAL DETAILS)

 

Name :

Mr. Mahesh

Designation :

Accounts Department

Contact No.:

91-22-30665111

Date :

26.02.2013

 

 

LOCATIONS

 

Registered Office :

502, Plot No.91/94, Prabhat Colony, Santacruz (East), Mumbai – 400 055, Maharashtra, India

Tel. No.:

91-22-30327974/ 30327200

Mobile No.:

91-9322430673 (Mr. Pradeep Jaiswal)

Fax No.:

91-22-30327599/ 30327191

E-Mail :

himanshu.g.agarwal@relainceada.com

reliancebigentertainmentpl@gmail.com

venkatrao.ponnada@relianceada.com

Website :

http://www.rbe.co.in

Location :

Owned

 

 

Corporate Office :

49/50, Maruti Chambers, 6th Floor, Veera Desai Extension Road. Off New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India

Tel. No.:

91-22-30665111/ 30664777

Fax No.:

91-22-30664778

Location :

Owned

 

 

DIRECTORS

 

As on 30.09.2011

 

Name :

Mrs. Tina Anil Ambani

Designation :

Director

Address :

39, Sea Wind, Cuffe Parade, Colaba, Mumbai – 400 005, Maharashtra, India

Date of Birth/Age :

11.02.1958

Date of Appointment :

21.03.2006

DIN No.:

00297064

 

 

Name :

Mr. Hasit Navinchandra Shukla

Designation :

Director

Address :

403, Sabita Society, 16th Road, Bandra (West), Mumbai – 400 050, Maharashtra, India

Date of Birth/Age :

28.08.1962

Date of Appointment :

21.03.2006

DIN No.:

00004549

 

 

Name :

Mr. Venkata Rao Ponnada

Designation :

Director

Address :

Flat No.602, Tower No.2, Sea Breeze to Wers Sector 16, Nerul, Navi Mumbai – 400 706, Maharashtra, India

Date of Birth/Age :

25.01.1955

Date of Appointment :

06.07.2011

DIN No.:

01503467

 

 

KEY EXECUTIVES

 

Name :

Mr. Sanjay Kumar Dubey

Designation :

Company Secretary

Address :

Flat No.B-107, Sagar Sangam, Sector - 1, Koparkhairne, Navi Mumbai – 400 709, Maharashtra, India

Date of Birth/Age :

05.01.1974

Date of Appointment :

02.01.2008

PAN No.:

AEYPD7712E

 

 

Name :

Mr. Mahesh

Designation :

Accounts Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2011

 

Names of Shareholders (Equity Shares)

 

 

No. of Shares

Anil D. Ambani Jointly with AAA Entertainment Private Limited, India

 

10

AAA Entertainment Private Limited, India

 

101999990

Total

 

102000000

 

As on 30.09.2011

 

Names of Shareholders (Preferences Shares)

 

 

No. of Shares

Reliance Capital Limited, India

 

10000000

Reliance Capital Limited, India Jointly with Reliance Land Private Limited, India and Surendra Pipara

 

3815500

AAA Entertainment Private Limited, India

 

5000000

Total

 

18815500

 

As on 05.03.2012

 

Names of Allottee (Equity Shares)

 

 

No. of Shares

AAA Entertainment Private Limited, India

 

500000

Total

 

500000

 

As on 30.03.2012

 

Names of Allottee (Preferences Shares)

 

 

No. of Shares

Reliance Capital Limited, India and Reliance Land Private Limited, India

 

113000

Total

 

113000

 

As on 30.09.2011

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Bodies corporate

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Providing Entertainment Services and also engaged in Production of Films.

 

 

GENERAL INFORMATION

 

Customers :

Others

 

 

No. of Employees :

Information declined by the Management

 

 

Bankers :

·         Central Bank of India, Industrial Finance Branch, Ground Floor, Chander Mukhi, Nariman Point, Mumbai – 400 021, Maharashtra, India (Contact No.: 91-22-66361900)

·         IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400 005, Maharashtra, India.

·         Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India (Contact No.: 91-22-66699000)

·         Indian Overseas Bank, 763, Anna Salai Marg, Chennai – 600 002, Tamilnadu, India

 

 

Facilities :

Secured Loans

31.03.2010

31.03.2009

 

 

(Rs. In Millions)

Loan from Banks

 

 

 - Cash Credit

10.000

528.902

 - Short term Loan

315.000

0.000

Total

325.000

528.902

 

Notes:

In terms of the approval of the shareholders obtained at the Extraordinary General Meeting of the Company held on October 30, 2009, the Company has reclassified the Authorized Share Capital from Rs.1500.000 Millions (150000000 Equity Shares of Re.10/- each) to Rs.1500.000 Millions (14,00110000 Equity Shares of Rs.10/- each and 100000000 Preference Shares of Re.1/- each).

 

All the above Equity Shares are held by the holding company i.e. AAA Entertainment Private Limited and its nominees.

 

12% Non Cumulative Convertible Redeemable Preference Shores (NCCRPS) of Re.1/- each are redeemable at redemption price after 5 years from the date of allotment i.e. November 16, 2009. At the option of the holder of NCCRPS, the NCCRPS can be redeemed, at issue price, any time after the date of allotment by giving not less than 2 months advance notice to the Company.

 

Loan from Banks - Credit facilities given above includes:

a) Line of credit (LOC) facility secured by a first charge by way of hypothecation in favour of all movable properties, tangible or intangible pertaining to the films produced under LOC.

b) Rs.10.000 Millions (Previous Year: Rs.424.553 Millions) is payable within one year,

c) Rs. Nil/- (Previous Year: Rs.5.921 Millions) Interest accrued thereon.

 

Loan from Banks –Short Term Loan given above Includes:

a) Short Term loans referred above are secured by 10% cash margin of the amount drawn in the form of Placid Deposit under lien.

 

b) Rs.315.000 Millions (Previous Year: Rs. Nil) is payable within one year.

c) Rs. Nil/- (Previous Year: Rs. Nil) interest accrued thereon.

 

In respect of Unsecured Loan Rs.1118.350 Millions (Previous Year: Rs.1121.661 Millions) payable within one year.

 

Banking Relations :

--

 

 

Financial Institution :

Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai – 400 710, Maharashtra, India

 

 

Auditors :

 

Name :

Pathak H.D. and Associates

Chartered Accountants

Address :

709, Tulsiani Chambers, 212, Nariman Point,  Mumbai – 400 021, Maharashtra, India

Tel. No.:

91-22-30228508

Income-tax PAN of auditor or auditor's firm :

AAAFP1031C

 

 

Holding Company :

AAA Entertainment Private Limited, India (CIN No.: U64201MH20072007PTC168608)

 

 

Ultimate Holding Company:

·         Reliance Innoventures Private Limited (Since July 28, 2009)

 

 

Associates :

·         Reliance BIG Entertainment Partners

·         Reliance BIG Entertainment (US) Inc. (Since May 15, 2009)

 

 

Joint Venture :

·         Magic Lantern Films Private Limited (Upto April 01, 2009)

·         Dremworks II Holding Co. LLC (Formerly Amblin/ Reliance Holding Co. LLC)

 

 

Subsidiaries :

·         AAA Digital Imaging private Limited (Upto May 4, 2009)

·         AAA Infrastructure Solutions Private Limited

·         BIG Flicks Private Limited (CIN No.: U92120MH2007PTC168172)

·         RCap Meditainment Ventures Private Limited (Upto July 23, 2009)

·         Jump Games Private Limited (CIN No.: U74140MH2006PTC162872)

·         ND’s Art World Private Limited (CIN No.: U74999MH2002PTC138153)

·         Reliance Big Broadcasting Private Limited ((CIN No.: U65990MH2006PTC160747)

·         Reliance Big News Private Limited (CIN No.: U65990MH2006PTC160642)

·         Reliance Entertainment Venture Private Limited (CIN No.: U99999MH2000PTC128397)

·         Zapak Digital Entertainment Limited (CIN No.: U99999MH2005PLC158036)

·         Reliance Big Entertainment (Singapore) Pte. Limited

·         Talent House Entertainment Private Limited (CIN No.: U51900MH2006PTC160588)

·         BIG Animation (India) Private Limited (CIN No.: U92113KA2005PTC036818)

 

CAPITAL STRUCTURE

 

After 30.09.2011

 

Authorised Capital : Rs.1500.000 Millions

 

Issued, Subscribed & Paid-up Capital : Rs.1038.929 Millions

As on 30.09.2011

 

Authorised Capital :

No. of Shares

Type

Value

Amount

140000000

Equity Shares

Rs.10/- each

Rs.1400.000 Millions

100000000

Preference Shares

Re.1/- each

Rs.100.000 Millions

 

Total

 

Rs.1500.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

102000000

Equity Shares

Rs.10/- each

Rs.1020.000 Millions

18815500

Preference Shares

Re.1/- each

Rs.18.816 Millions

 

Total

 

Rs.1038.816 Millions

 

As on 31.03.2010

 

Authorised Capital :

No. of Shares

Type

Value

Amount

140000000

Equity Shares

Rs.10/- each

Rs.1400.000 millions

100000000

Preference Shares

Re.1/- each

Rs.100.000 millions

 

Total

 

Rs.1500.000 millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

102000000

Equity Shares

Rs.10/- each

Rs.1020.000 Millions

10000000

12%  Non Cumulative Convertible Redeemable Preference Shares

Re.1/- each

Rs.10.000 Millions

 

Total

 

Rs.1030.000 Millions

 

 

 

 

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

1030.000

1020.000

1000.000

2] Share Application Money

2889.100

0.000

0.000

3] Reserves & Surplus

11970.000

1980.000

0.000

4] (Accumulated Losses)

(4781.015)

(3086.290)

(323.897)

NETWORTH

11108.085

(86.290)

676.103

LOAN FUNDS

 

 

 

1] Secured Loans

325.000

528.902

0.000

2] Unsecured Loans

1118.350

1121.661

3097.763

TOTAL BORROWING

1443.350

1650.563

3097.763

DEFERRED TAX LIABILITIES

0.000

0.000

0.000

 

 

 

 

TOTAL

12551.435

1564.273

3773.866

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

401.497

238.047

107.499

Capital work-in-progress

9.054

3.540

0.000

 

 

 

 

INVESTMENT

1442.935

1647.784

597.365

DEFERRED TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
5961.642
5642.838

1079.209

 

Sundry Debtors
201.486
209.753

48.468

 

Cash & Bank Balances
135.968
272.027

48.877

 

Other Current Assets
0.000
0.000

0.000

 

Loans & Advances
7505.757
6406.812

2134.465

Total Current Assets
13804.853

12531.430

3311.019

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Sundry Creditor
1422.569

2140.777

216.722

 

Other Current Liabilities
1658.984
10684.432

 

 

Provisions
25.351
31.319

25.295

Total Current Liabilities
3106.904
12856.528

242.017

Net Current Assets
10697.949
(325.098)

3069.002

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

12551.435

1564.273

3773.866

 

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

 

31.03.2010

31.03.2009

 

SALES

 

 

 

 

 

Income

 

2594.168

1131.044

 

 

Other Income

 

 

 

 

 

TOTAL                                    

 

2594.168

1131.044

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Office Expenses

 

4288.893

3884.437

 

 

Administrative Expenses

 

 

 

 

 

Advertising Expenses

 

 

 

 

 

TOTAL                                    

 

4288.893

3884.437

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

 

(1694.725)

(2753.393)

 

 

 

 

 

Less

TAX                                                                 

 

0.000

9.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

 

(1694.725)

(2762.393)

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

 

(3086.290)

NA

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

 

(4781.015)

(3086.290)

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

License Fees for Distribution of Films and Other Rights

 

7.629

20.515

 

 

Sales Income

 

377.991

6.519

 

TOTAL EARNINGS

 

385.620

27.034

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Finished Goods- Digital Video Discs and Packaging Materials

 

7.435

29.804

 

TOTAL IMPORTS

 

7.435

29.804

 

 

 

 

 

 

Earnings Per Share (Rs.)

 

(16.61)

(27.09)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2010

31.03.2009

31.03.2008

PAT / Total Income

(%)
(65.33)

(244.23)

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)
(11.93)

(21.56)

NA

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
(0.15)

31.91

NA

 

 
 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 
0.13
(19.13)

4.58

 

 
 
 

 

Current Ratio

(Current Asset/Current Liability)

 
4.44
0.97

13.68

 

 

LOCAL AGENCY FURTHER INFORMATION

 

SUNDRY CREDITORS DETAILS 

 

Particulars

31.03.2010

 

31.03.2009

31.03.2008

 

(Rs. In Millions)

Sundry Creditors

 

 

 

 - Micro, Medium and Small

--

--

NA

 - Subsidiaries

36.929

1.608

NA

 - Others

1385.640

2139.169

NA

Total

1422.569

2140.777

NA

 

 

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

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

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

 

 


 

Unsecured Loans

31.03.2010

31.03.2009

 

 

(Rs. In Millions)

From Body Corporate

1110.900

1110.900

Security Deposits

7.450

10.761

Total

1118.350

1121.661

 

BUSINESS:

 

The Company has disclosed Business Segment as the primary segment, based on which two of its divisions - Reliance BIG Pictures and Reliance BIG Home Video (formerly BIG Music and Home Entertainment). These divisions have been identified as a reportable business segment as per requirement of Accounting Standard (AS17), after taking into account the nature of the business, the differing risks and returns, the organisation structure and internal reporting system.

 

BIG Pictures division comprise of production and sales of motion picture films, distribution of films and sale of rights. BIG Home Video division comprise of marketing of Music Cassettes, Audio Compact Discs, Video Compact Discs, Digital Video Discs and dealing with related music and video rights. Others include BIG Adda, BIG Maps, BIG Street, Reliance Big Music and BIG Productions.

 

OPERATIONS

 

The Company’s operations are divided mainly into six divisions — Reliance BIG Pictures, Reliance BIG Music, Reliance BIG Home Video, Big Adda, BIG Production, BIG Street.

 

Reliance BIG Pictures produces acquires and distributes films. Reliance BIG Pictures has built a formidable Indian film production slate in Hindi and several other Indian languages and markets and distributes them worldwide. Apart from Indian films, Reliance BIG Pictures has also tied up with key talent in Hollywood for developing scripts and subsequently production of English films.

 

Reliance BIG Music has emerged as a dominant player in the Indian Music Industry. Apart from the traditional physical delivery platforms, Reliance BIG Music leverages digital platforms, such as the Internet, Mobile and Radio networks to sell and cross-promote its products and services across the globe.

 

Reliance BIG Home Video has gained its entry and stronghold in the robust Home Video Industry in India with the launch of titles in various local languages on DVD and VCD. The division is also the exclusive licensee of Universal Pictures International Entertainment in India, Sri Lanka and Mauritius.

 

BIGADDA is the largest and the fastest growing web and mobile Indian social networking site. BIGADDA enables networking based on Individuals (Friends and Friends of Friends) and Interests (self-expression by Create - Upload - Share of Videos, Photos, and Music.)

 

BIG Street is Company’s Out-of-Home initiative. In a very short span of time BIG Street has acquired media rights in several cities across the country. BIG Street markets these sites to various advertisers, advertising agencies and business retailers. Currently, BIG Street is strategically positioned in eight cities, spread across Delhi, Mumbai, Bangalore, Kolkata, Hyderabad, Ahmedabad, Chandigarh and Cochin.

 

BIG Production is Company’s TV content segment. It produces TV content in multi languages and multi geographies for TV channels like Star One, Star Pravah, ETV Gujarati, etc. It produces serials in all kinds of genres like drama, comedy, horror, etc.

 

The Company has entered into contracts in the areas of its business. While benefits from such contracts will accrue in the futures years, their progress is periodically reviewed.

 

CONTINGENT LIABILITIES

 

Particulars

31.03.2010

 

31.03.2009

 

(Rs. In Millions)

Claims against the company not acknowledged as debts

--

--

Guarantees to Banks and financial institution on behalf of third parties

7959.600

--

 

Bankers Charges Report as per Registry

 

Corporate identity number of the company

U72900MH2006PTC160603

Name of the company

RELIANCE BIG ENTERTAINMENT PRIVATE LIMITED

Address of the registered office or of the principal place of  business in India of the company

502, Plot No.91/94, Prabhat Colony, Santacruz (East), Mumbai – 400 055, Maharashtra, India

E-Mail: reliancebigentertainmentpl@gmail.com

This form is for

Creation of charge

Type of charge

Book Debts

Movable Property (not being pledge)

Particular of charge holder

CIN No.: L65910MH1986PLC165645

Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai – 400 710, Maharashtra, India

E-Mail: Compsec.RCL@rcap.co.in

Nature of description of the instrument creating or modifying the charge

Deed of Hypothecation dated 22nd January, 2013 executed by Reliance BIG Entertainment Private Limited ("THE BORROWER") in favour of Reliance Capital Limited ("RCL").

Date of instrument Creating the charge

22.01.2013

Amount secured by the charge

Rs.200.000 millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest:

15% p.a.

 

Terms of Repayment:

Repayable on demand

 

Margin:

Nil

 

Extent and Operation of the charge:

All receivables both present and future specific to the transaction including but not limited to principal, interest, additional/penal interest, service fees, all inventory consisting of Non tangible assets (Present and future) which includes but not limited to the worldwide negative rights, Theatrical Distribution rights, Overseas Distribution rights, satellite broadcasting rights for a period of 120 days, Home Video (DVD and VCD rights) etc. of film "David" more particularly set out in the Schedule.

Short particulars of the property charged

All receivables both present and future specific to the transaction including but not limited to principal, interest, additional/penal interest, service fees.

 

All inventories consisting of Non Tangible Assets (present and future) which includes but not limited to the he Worldwide Negative Rights, Theatrical Distribution Rights, Overseas Distribution Rights.

 

Satellite Broadcasting Rights for a period of 120 days, Home Video (DVD and VCD Rights), Digital Rights (VOD, MOD, Internet, IPTV, etc) Music and Mobile Rights, etc.

 

Any other inventory used in marketing and distribution of the film of its film "David"

 

First charge on all monies credits, deposits therein and all investments in respect thereof and payment consideration to be received.

 

First charge on entire book debts arising out of the receivables earmarked for the transaction as more particularly set out in the Schedule.

 

FIXED ASSETS:

Tangible Assets

·         Computers

·         Office Equipments

·         Furniture and Fixtures

·         Vehicles

·         Leasehold Improvements

Intangible Assets

·         Technical Knowhow/ Goodwill

·         Copyrights

·         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, India Prisons Service, Interpol, etc.

 

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.53.84

UK Pound

1

Rs.81.24

Euro

1

Rs.70.39 

 

 

INFORMATION DETAILS

 

Information Gathered by :

PLK

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILIRY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

4

--CREDIT LINES

1~10

2

--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

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

28

 

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

-

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.