MIRA
INFORM REPORT
|
Report Date : |
15.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
THE MOBILESTORE LIMITED (w.e.f 30.10.2007) |
|
|
|
|
Formerly Known
As : |
ESSAR TELECOM RETAIL LIMITED ESSAR RETAIL LIMITED |
|
|
|
|
Registered
Office : |
Essar House, 11, K K Marg, Mahalaxmi, Mumbai- 400 034, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.03.2006 |
|
|
|
|
Com. Reg. No.: |
11-160647 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.333.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2006PLC160647 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME06487F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACFE1386K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of retailing and marketing of telecom
and related products and services including mobile handsets, accessories,
connections, recharge talk time, value added service, repairs and after sales
services. |
|
|
|
|
No. of Employees
: |
5000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (20) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Essar Group. It is an established company having a
moderate track record. There appears huge accumulated losses recorded by the
company. Profitability of the company is under pressure. However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow. The company can be considered for business dealings on a secured 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long terms bank facilities: BBB - |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
December 2011 |
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. Satish Patil |
|
Designation : |
Sales Manager |
|
Date : |
12.07.2013 |
LOCATIONS
|
Registered Office : |
Essar House, 11, K K Marg, Mahalaxmi, Mumbai- 400 034, Maharashtra,
India. |
|
Tel. No.: |
91-22-67447727/ 66601100/ 40011100/ 67335000 / 64647305 |
|
Mobile No.: |
91-9890648455 (Mr. Satish Patil) |
|
Fax No.: |
91-22-67082177/ 66669435 / 67447530 / 66669426 |
|
E-Mail : |
|
|
Website : |
www.themobilestore.in |
|
|
|
|
Corporate Office 1 : |
Essar Techno Park, Building ‘B’, 1st Floor, Pyramid
Infotech Park, Swan Mill Compound, LBS Marg, Kurla (West), Mumbai-400070,
Maharashtra, India |
|
Tel. No.: |
91-22-67335000/60006363 |
|
Fax No.: |
91-22-67082177 |
|
E-mail : |
|
|
|
|
|
Corporate Office 2 : |
Unit # 501 and 502, Kohinoor
City, Kirol Road, Off L.B.S Marg, Kurla (West), Mumbai – 400070, Maharashtra,
India |
|
|
|
|
Warehouse : |
Located at: ·
Chembur West ·
Bhiwandi |
|
|
|
|
The |
Located At:
|
|
|
|
|
Retail Office: |
Located At:
|
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Himanshu Chakrawarti |
|
Designation : |
Managing Director |
|
Address : |
1-A, Rosemere
No. 18, Harrington Road, Chetpet, Chennai – 600031, Tamilnadu, India |
|
Date of Birth : |
14.11.1966 |
|
Date of Appointment : |
31.01.2012 |
|
PAN No.: |
ACGPC5033K |
|
DIN No.: |
01196050 |
|
|
|
|
Name : |
Mr. Ashish Rajgarhia |
|
Designation : |
Director |
|
Address : |
Madan Smruti,
1137, Veer Sawarkar Marg, Cadel Road, Shivaji Park, Mumbai - 400025, Maharashtra,
India |
|
Date of Birth : |
16.07.1979 |
|
Date of Appointment : |
15.02.2010 |
|
DIN No.: |
01822280 |
|
|
|
|
Name : |
Mr. Suresh Sundaram |
|
Designation : |
Director |
|
Address : |
Flat No.7, 3rd
Floor, Battery House, Warden Road, Plot No. 74, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth : |
03.10.1942 |
|
Date of Appointment : |
15.02.2010 |
|
DIN No.: |
00063535 |
|
|
|
|
Name : |
Mr. Kamlesh Niranjan Sarangi |
|
Designation : |
Director |
|
Address : |
Plot No. 503, Floor 5, Lakschandi Height, Gokuldham, Goregaon (East),
Mumbai - 400063, Maharashtra, India |
|
Date of Birth : |
28.11.1971 |
|
Date of Appointment : |
03.03.2010 |
|
DIN No.: |
02852838 |
|
|
|
|
Name : |
Mr. Sudip Rungta |
|
Designation : |
Director |
|
Address : |
Shubhada Apartment, Flat No. 101, First Floor, 63, Sir Pochkanwala
Road, Worli, Mumbai – 400030, Maharashtra, India |
|
Date of Birth : |
13.09.1971 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
03146989 |
|
|
|
|
Name : |
Mr. Haseeb Ahmad Drabu |
|
Designation : |
Additional Director |
|
Address : |
Flat No. 1101, 11th Floor, Hicon Residency, 26th
Road, Bandra (West), Mumbai – 400050, Maharashtra, India |
|
Date of Birth : |
10.04.1961 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
00489888 |
KEY EXECUTIVES
|
Name : |
Ms. Neelam Vyas |
|
Designation : |
Secretary |
|
Address : |
Ambika
Tower, A Wing, Flat No. 202, Opposite Aghadi Nagar, Jija Mata Chowk, Near
Pump House, Andheri, East, Mumbai – 400093, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1983 |
|
Date of Appointment : |
01.12.2007 |
|
PAN NO: |
AETPV3741C |
|
|
|
|
Name : |
Mr. Satish Patil |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Essar Retail Holdings Limited |
|
29278940 |
|
Essar Retail Holdings Limited and S. Shankaranarayanan |
|
10 |
|
Essar Retail Holdings Limited and Madan Mundhra |
|
10 |
|
Essar Retail Holdings Limited and Girish K. Sathe |
|
10 |
|
Essar Retail Holdings Limited and B. Shivkumar |
|
10 |
|
Essar Retail Holdings Limited and V. Ganeshan |
|
10 |
|
Essar Retail Holdings Limited and Vipul Shah |
|
10 |
|
IL and FS Trust Company Limited on behalf of Tara India Fund III
Domestic Trust |
|
10 |
|
Total |
|
29279010 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
IL and FS Trust Company Limited on behalf of Tara India Fund III
Domestic Trust |
|
4038473 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of retailing and marketing of
telecom and related products and services including mobile handsets, accessories,
connections, recharge talk time, value added service, repairs and after sales
services. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
“The MobileStore” |
GENERAL INFORMATION
|
No. of Employees : |
5000 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Punjab
National Bank – Foreshore Road ·
State
Bank of Patiala – Nariman Point Branch ·
UCO
Bank – Nariman Point Branch ·
Jammu
Kashmir Bank – Worli Branch ·
Axis
Bank – Nariman Point Branch, Ground Floor, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Batliboi and Company Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29,Senapati Bapat Marg, Dadar (West),
Mumbai - 400028, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AALFS0506L |
|
|
|
|
Holding company: |
·
Essar Retail Holdings Limited, India CIN: U51909MH2006PLC164605 |
|
|
|
|
Ultimate Holding company: |
·
Imperial Consultants And Securities Private
Limited, India ((Demerged from Essar Investment Limited. wef 1st April 2010) CIN: U65993TN1993PTC024724 |
|
|
|
|
Fellow Subsidiary company: |
·
Essar Information Technology Limited, India CIN: U72200MH1992PLC064816 ·
Impact Retail Limited, India CIN: U74120HR2007PLC039021 |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
35000000 |
Equity Share |
Rs.10/- each |
Rs.350.000 Millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
TOTAL |
|
Rs.400.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
29279010 |
Equity Shares |
Rs.10/- each |
Rs.292.790
Millions |
|
4038473 |
Preference Shares |
Rs.10/- each |
Rs.40.385
Millions |
|
|
TOTAL |
|
Rs.333.175 Millions |
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Share |
Rs.10/- each |
Rs.300.000 Millions |
|
5000000 |
Preference Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
TOTAL |
|
Rs.350.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
29280000 |
Equity Shares |
Rs.10/- each |
Rs.292.800
Millions |
|
4040000 |
Preference Shares |
Rs.10/- each |
Rs.40.400
Millions |
|
|
TOTAL |
|
Rs.333.200 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
333.200 |
333.200 |
|
(b) Reserves & Surplus |
|
(5286.300) |
(4236.100) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
2408.100 |
1020.600 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(2545.000) |
(2882.300) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
605.500 |
1304.300 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
10.200 |
2.500 |
|
Total Non-current Liabilities (3) |
|
615.700 |
1306.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
745.000 |
656.600 |
|
(b) Trade payables |
|
1369.900 |
1852.400 |
|
(c) Other current
liabilities |
|
1056.100 |
787.100 |
|
(d) Short-term provisions |
|
39.800 |
41.200 |
|
Total Current Liabilities (4) |
|
3210.800 |
3337.300 |
|
|
|
|
|
|
TOTAL |
|
1281.500 |
1761.800 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
158.300 |
471.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
35.200 |
53.800 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.100 |
|
(b) Non-current Investments |
|
0.100 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
239.100 |
246.900 |
|
(e) Other Non-current assets |
|
1.800 |
2.000 |
|
Total Non-Current Assets |
|
434.500 |
773.800 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
486.200 |
598.200 |
|
(c) Trade receivables |
|
75.000 |
141.800 |
|
(d) Cash and cash
equivalents |
|
65.800 |
53.500 |
|
(e) Short-term loans and
advances |
|
220.000 |
194.500 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
847.000 |
988.000 |
|
|
|
|
|
|
TOTAL |
|
1281.500 |
1761.800 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
333.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2549.700 |
|
|
4] (Accumulated Losses) |
|
|
(5123.300) |
|
|
NETWORTH |
|
|
(2240.400) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3238.900 |
|
|
2] Unsecured Loans |
|
|
1082.300 |
|
|
TOTAL BORROWING |
|
|
4321.200 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2080.800 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1160.800 |
|
|
Capital work-in-progress |
|
|
200.100 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
281.400 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1063.300
|
|
|
Sundry Debtors |
|
|
116.700
|
|
|
Cash & Bank Balances |
|
|
391.500
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
219.400
|
|
Total
Current Assets |
|
|
1790.900
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1509.100
|
|
|
Other Current Liabilities |
|
|
134.200
|
|
|
Provisions |
|
|
24.900
|
|
Total
Current Liabilities |
|
|
1668.200
|
|
|
Net Current Assets |
|
|
122.700
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
Other Assets |
|
|
315.800 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2080.800 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10068.800 |
10628.800 |
11432.200 |
|
|
|
Other Income |
11.100 |
15.200 |
0.700 |
|
|
|
TOTAL (A) |
10079.900 |
10644.000 |
11432.900 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
8828.100 |
9573.300 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
112.000 |
405.100 |
|
|
|
|
Employee benefit expense |
396.800 |
389.800 |
|
|
|
|
Other expenses |
1083.100 |
1297.600 |
|
|
|
|
TOTAL (B) |
10420.000 |
11665.800 |
12167.800 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(340.100) |
(1021.800) |
(734.900) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
366.300 |
417.100 |
413.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(706.400) |
(1438.900) |
(1148.100) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
343.800 |
562.600 |
560.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT /(LOSS)
BEFORE TAX (E-F) (G) |
(1050.200) |
(2001.500) |
(1708.700) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT /(LOSS)
AFTER TAX (G-H) (I) |
(1050.200) |
(2001.500) |
(1708.700) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(7124.800) |
(5123.300) |
(3414.600) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
(8175.000) |
(7124.800) |
(5123.300) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Merchandise |
0.000 |
0.000 |
113.900 |
|
|
|
Capex |
0.000 |
0.600 |
1.500 |
|
|
TOTAL IMPORTS |
0.000 |
0.600 |
115.400 |
|
|
|
|
|
|
|
|
|
|
Earnings /(Loss)
Per Share (Rs.) |
(3.15) |
(68.36) |
(61.54) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(10.42)
|
(18.80) |
(14.95) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(10.43)
|
(18.80) |
(14.95) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(84.27)
|
(117.19) |
(95.41) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.41)
|
(0.69) |
(0.76) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06
|
0.68 |
1.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.26
|
0.30 |
1.93 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
1369.900 |
1852.400 |
1509.100
|
|
|
|
|
|
|
Total |
1369.900 |
1852.400 |
1509.100
|
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
FINANCIAL RESULTS
AND OPERATIONS:
The company is having pan India presence and has been operating through 638
retail stores, 55 Shop in Shops and 41 Franchisees across 143 cities in India
as on 31st March, 2012. At present, the Company is a market leader
and is enjoying around 30% of the organized market.
CORPORATE
INFORMATION
Subject (‘TMSL’ or ‘the Company’) formerly known as Essar Telecom Retail
Limited was originally incorporated on March 22, 2006. The Company commenced
it's business activity in December, 2006. The Company is engaged in the
business of retailing and marketing of telecom and related products and
services including mobile handsets, accessories, connections, recharge talk
time, value added service, repairs and after sales services across India
through its chain of retail stores having brand name “The MobileStore”. The
Company is a subsidiary of Imperial Consultants and Securities Private Limited,
(Demerged Company from Essar Investment Limited wef 1st April 2011) the
ultimate holding company.
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
Claims against the Company not acknowledged
as debts |
12.600 |
13.200 |
FIXED ASSETS
Tangible assets
·
Furniture and fixtures
·
Office equipment
·
Computer equipments
·
Leasehold improvements
Intangible assets
·
Computer software
PRESS RELEASES
THE MOBILE STORE SMASHING DEALS ON LG C660 BLACK AND MICROMAX X450 VAN
GOGH BLACK
JANUARY 23, 2012
The Mobile store announces the smashing deals for its
customers, where every customer will get 26% off on LG C660 Black and 32% off on
Micromax X450 Van Gogh Black.
The Mobile Store is one stop store mobile solution which provides mobile products like mobiles, mobile connections, mobile accessories, recharges, bill payments, mobile repairs, value added services, music and gaming devices, mobile exchange and DTH. You will get all these facilities under one roof at The Mobile Store. It is the largest telecom retailer in India which has mobiles from multi brands and multi service telecom. Recently, The Mobile store announces the smashing deals for its customers, where every customer will get 26% off on LG C660 Black and 32% off on Micromax X450 Van Gogh Black.
Both LG C660 Black and Micromax X450 Van Gogh Black looks fantabulous and have
mesmeric chain of features. On account of the physical specifications, LG C660
Black is 119.5 x 59.7 x 12.9 mm in dimensions and 129 grams in weight. It has
7.11 Cms. display size which is assisted by 256 K display colors. LG C660 Black
is loaded with a 3 MP camera. The mobile has Android V2.3 (Gingerbread)
operating system which is assisted with HTML Web Browser. Total standby time of
LG C660 Black us up to 852 hours. The battery of 3G mobile is 1500 mAh. GPS,
Wi-Fi, Bluetooth, USB, Geo Tagging, WAP, Social networking, GPRS Music Player,
E-mail, MMS and SMS are all the facilities delivered by LG C660 Black. After
discount it will cost you Rs. 0.007 Million instead of Rs. 0.011 Million at The
Mobile Store.
On account of the physical specifications, Micromax X450 Van Gogh Black is
116.7 x 52 x 20.3 mm in dimensions. GPRS, Bluetooth, FM Radio, SMS, MMS, USB
Cable Connection and WAP are the facilities delivered by Micromax X450 Van Gogh
Black. This mobile is loaded with a 2 MP camera. After discount it will cost
you Rs. 0.003 Million instead of Rs. 0.004 Million at The Mobile Store.
EXPERIENCE TELECOM
TECHNOLOGY IN A LARGER THAN LIFE WAY THE MOBILESTORE LAUNCHES ‘THE MOBILESTORE
LOUNGE’
MUMBAI, MAHARASHTRA, INDIA, FRIDAY, JUNE 21, 2013 -- (BUSINESS WIRE INDIA)
Mobile technology is ever changing and can be confusing and
complicated at times. It brings a host of features, of which only a few are
understood and a fewer are used! The Mobile Store launches the largest
smartphone destination, The MobileStore
Lounge in Delhi. A place that makes technology easy, the MobileStore Lounge, one stop Smart
Phone shop that provides, multi brand handsets, accessories, Android Zones,
Brand Experience zones, repairs, VAS etc all under one roof brings in the power
of ‘live experience’ to bring out the power of technology for everyday consumer
use.
Located in the most iconic place in Delhi, Connaught Place, The MobileStore Lounge makes it easy
to browse, choose, use and pay for Smart phones and tablets with the help of
Brand experience zones where 3 to 4 devices from brands like Samsung, Nokia,
HTC, Apple and Sony are displayed in each brand experience zone. The lounge
boasts of the first ever phone OS agnostic Data Transfer Dock facility
absolutely free. So you can transfer data from one phone to another without any
worries.
A hand-picked team of intensively trained Tech Buddies from internal Mobile Store force as well as external sources, who have extreme comfort with gadgets, conduct live experiences and bring alive usage of phones to the customers. They are not sale staff but they are Tech Buddies. The Mobile Store Lounge is the first ever store with complimenting accessories for each phone placed below the phone. So a customer doesn’t really need to look around what compliments his handset.
The Mobile Store Lounge has the second ever Android Zone in India where customers can download Apps at the
store as it’s completely Wi Fi or they can take home Google play cards and
download the relevant apps. Also the Mobile
Store Explorer, Tablet Assisted Store Staff help assist customers using
a tablet to give feature specification, trouble shooting assistance and service
center list for handsets any where in the country.
Commenting on the launch of The Mobile Store Launch, Mr Himanshu Chakrawarti,
CEO - The MobileStore Limited says, “The MobileStore Lounge is a unique experience and moves beyond live
display into the realm of actual larger than life experience. With technology
elements, live features and very friendly intensively trained Tech Buddies, the experience of the
Lounge is aimed at making the consumer at ease with technology.”
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.59.90 |
|
|
1 |
Rs.90.88 |
|
Euro |
1 |
Rs.78.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
20 |
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.