MIRA INFORM REPORT
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Report Date : |
16.05.2013 |
IDENTIFICATION DETAILS
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Name : |
IMAGINATION EDUTAINMENT INDIA PRIVATE LIMITED |
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Registered
Office : |
206-209, 2nd Floor, B Wing, Galleria, Hiranandani Gardens,Powai, Mumbai-400076,
Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
02.01.2010 |
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Com. Reg. No.: |
11-198323 |
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Capital
Investment / Paid-up Capital : |
Rs. 19.400 millions |
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CIN No.: [Company Identification
No.] |
U92490MH2010PTC198323 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of educational
entertainment for kids. |
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 710000 |
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Status : |
Yet to commence commercial operation |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Even though the company was incorporated during January, 2010, it is
yet to commence its business activity as the project is under implementation. Mr. Chetan, Accounts department, provided all the details and
confirmed that the company will start its activity from 6th July
2013. The networth of the company appears to be good. Trade relations are
improving. Payment terms are unknown. 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 PARTED BY
|
Name : |
Mr. Chetan |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-61271790 |
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Date : |
16.05.2013 |
LOCATIONS
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Registered Office : |
206-209, 2nd Floor, B Wing, Galleria, Hiranandani Gardens,Powai,
Mumbai-400076, Maharashtra, India |
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Tel. No.: |
91-22-61271790 / 61271791 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Corporate Office : |
R City Mall, Ghatkopar (West), Mumbai, Maharashtra, India |
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Area : |
11000 sq. ft. |
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Location : |
Rented |
DIRECTORS
As on 25.09.2012
|
Name : |
Mr. Sanjeev Kumar |
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Designation : |
Nominee director |
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Date of Birth/Age : |
56 Years |
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Qualification : |
B.Tech (I.I.T), PGDBM and PGDFT |
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Experience : |
36 Years |
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Date of Appointment : |
01.01.2012 |
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DIN No.: |
00094725 |
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Name : |
Mr. Paras Chandaria |
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Designation : |
Director |
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Date of Appointment : |
06.01.2010 |
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DIN No.: |
01003786 |
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Name : |
Mr. George Rohit Varkey |
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Designation : |
Nominee director |
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Date of Appointment : |
05.10.2011 |
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DIN No.: |
01756430 |
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Name : |
Karunashree Ravi Badwal |
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Designation : |
Director |
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Date of Appointment : |
11.04.2011 |
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DIN No.: |
03297961 |
KEY EXECUTIVES
|
Name : |
Mr. Chetan |
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Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Kidz Inc. Pte Limited, Singapore |
1435600 |
74.00 |
|
Shah Rukh Khan |
504400 |
26.00 |
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Total |
1940000 |
100.00 |
As on 25.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
74.00 |
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Others |
26.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of educational
entertainment for kids. |
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Imports : |
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Products : |
Finished Goods |
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Countries : |
Mexico |
GENERAL INFORMATION
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Customers : |
Others |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
Yes Bank, Powai Branch, Mumbai, Maharashtra, India |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M. M. Nissim and Company Chartered Accountants |
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Address : |
Barodawala Mansion,B Wing, 81, Dr.Annie Besant Road, Worli,
Mumbai-400018, Maharashtra, India |
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Tel. No.: |
91-22- 24949991 |
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Fax No.: |
91-22- 2494 9995 |
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E-Mail : |
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Website: |
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PAN No.: |
AAAFM5103E |
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Holding Company: |
Kidz Inc Pte Lte. |
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Ultimate Holding
Company: |
Retail Investments Pte Lte. |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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1940000 |
Equity Shares |
Rs.10/- each |
Rs. 19.400 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
19.400 |
3.584 |
0.100 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
158.342 |
25.982 |
4.399 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(0.092) |
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NETWORTH |
177.742 |
29.566 |
4.407 |
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LOAN FUNDS |
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1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
177.742 |
29.566 |
4.407 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
60.300 |
0.000 |
0.000 |
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Capital work-in-progress |
54.846 |
21.364 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.000
|
0.000 |
0.000 |
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Sundry Debtors |
0.000
|
0.000 |
0.000 |
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Cash & Bank Balances |
29.200
|
4.289 |
0.057 |
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Other Current Assets |
13.452
|
6.630 |
0.000 |
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Loans & Advances |
25.874
|
9.295 |
4.000 |
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Total
Current Assets |
68.526
|
20.214 |
4.057 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000
|
0.000 |
0.250 |
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Other Current Liabilities |
5.930
|
12.012 |
0.000 |
|
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
5.930
|
12.012 |
0.250 |
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Net Current Assets |
62.596
|
8.202 |
3.807 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.600 |
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TOTAL |
177.742 |
29.566 |
4.407 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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Income |
NA |
0.000 |
0.000 |
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Other Income |
NA |
0.000 |
0.000 |
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TOTAL |
NA |
0.000 |
0.000 |
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Less |
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Salaries and bonus |
NA |
3.307 |
0.000 |
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Professional Fees |
|
1.713 |
0.090 |
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Auditors' Remuneration |
|
0.190 |
0.000 |
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Miscellaneous Expenses |
|
0.017 |
0.002 |
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Telephone Expenses |
|
0.036 |
0.000 |
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Travelling and Conveyance |
|
0.011 |
0.000 |
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Printing and Stationary |
|
0.007 |
0.000 |
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TOTAL |
NA |
5.281 |
0.092 |
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PROFIT/
(LOSS) BEFORE TAX |
NA |
(5.281) |
(0.092) |
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Less |
TAX |
NA |
0.000 |
0.000 |
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PROFIT/
(LOSS) AFTER TAX |
(9.986) |
(5.281) |
(0.092) |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(5.373) |
0.092 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
(15.359) |
(5.373) |
(0.092) |
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Earnings /
(Loss) Per Share (Rs.) |
(8.44) |
(77.20) |
13.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.00 |
0.00 |
|
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Net Profit Margin (PBT/Sales) |
(%) |
NA
|
0.00 |
0.00 |
|
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Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
(26.13) |
(2.27) |
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Return on Investment (ROI) (PBT/Networth) |
|
NA
|
(0.18) |
(0.02) |
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Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
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|
|
|
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|
Current Ratio (Current Asset/Current Liability) |
|
11.56
|
1.68 |
16.23 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors : Due to persons other than MSME |
0.000
|
0.000 |
0.250 |
|
|
|
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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
two 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) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
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 21, Navyug
Industrial Estate, Off Andheri Kurla Road, J.B. Nagar, Andheri (East),
Mumbai-400059, Maharashtra, India to the present address w.e.f. 24.11.2011
NATURE OF OPERATIONS
The Company was incorporated in India on January 2, 2010, primarily to carry on the business of educational entertainment for kids. The Company is in the development stage and as on March 31, 2012 is executing project for undertaking an edutainment project at Mumbai under license agreement with “Kidzania”.
FINANCIAL RESULTS
The company is in the development stage and as on March 31, 2012 is executing project for undertaking an edutainment project at Mumbai under license agreement with “Kidzania, S.A. de C.V.”. The company has not commenced any commercial operations. However, in compliance with the Accounting Standards, the company had to charge off administrative expenses and other expenses not related to the project, which had to be incurred for the long term viability of the project. The company, therefore, has reported net loss of Rs. 9.986 millions during the year as against Rs. 5.281 millions during the previous year. The directors believe that the loss in the initial years is for development of the project and is in accordance with the business plan of the company.
PROJECT
The Company had taken the handover of Premises from R Mall Developers Privated Limtied on 1st December 2011 for carrying out Interiors and Fit Out work under a license free period of maximum 18 months ending on 30th May 2013.
Post the Handover the company have awarded Civil Interior Work contract Desarch Enterprise, Design Management work to Desarch Design Associates, both subsidiary of Desarch Pentacle Privated Limtied and appointed Eskayem Consultants Privated Limtied as MEP Consultant.
The company have also successfully transported the Aircraft and placed it in desired location in the premises.
Before taking the handover the company have completed the under slug Drainage work, installation of leak detection system, Core cuts for Drainage lines, Glass work around aircraft installation space.
FIXED ASSETS
v
Tangible
Assets
- Computer
- Office Equipment
v
Intangible
Assets
- Computer Software
- Location fees
- Novation Liscense fees
WEBSITE DETAILS
KIDZANIA ANNOUNCES ITS FORAY IN INDIA
JUN 14, 2012
KidZania is an
edutainment indoor theme park scaled and built specially for kids.
KidZania the world's fastest-growing edutainment brand will soon be opening doors in India. KidZania provides children and their parents a safe, unique, and very realistic educational environment. KidZania creates a kid-centric city experience for 4 -14 year olds by combining role play with fun and learning, where kids have an authentic and powerful development experience-wrapped in awe inspiring fun careers, and recreational activities.
At a press conference hosted by Hernan Barbieri, Global Integration Director, KidZania Mexico and Sanjeev Kumar, Director and CEO, KidZania India, the team provided an insight into the world of KidZania for both the media as well as the potential Brand sponsors.
Headquartered in Mexico, KidZania was founded in Mexico City in 1996 by a young entrepreneur, Xavier Lopez, who dreamed of creating a place where kids could have fun while enjoying real life experiences. KidZania believes that kids can make a difference and it is our mission to provide an environment that empowers them to explore, challenge themselves and open their minds to new experiences.
KidZania is an edutainment indoor theme park scaled and built specially for kids. KidZania is about real life experiences, empowering, inspiring, and educating kids through role play. The KidZania experience is designed to remind kids that life is about options, and to reach as high as possible. It embraces the children’s diversity with an expansive vision and gives them a shared way of thinking and collective passion about their beliefs, hopes and dreams.
This makes KidZania a unique educational city which stimulates creative thinking, boosts self-esteem and self-confidence levels. By blending reality with entertainment, KidZania provides an authentic and powerful developmental experience, preparing kids to understand and manage their world.
At KidZania, the kids can be fire-fighters, journalists, bankers, doctors and much more in any one of the authentic role playing activities across establishments. Kids don‘t just role-play careers; they earn kidZos (KidZania's official currency), learn how to manage money (open a bank account, encash cheques), and purchase goods and services.
Kids learn through experience about different professions, how a city works, financial literacy, local government, care for environment, and how to work both independently and as a team. Kids also get paid for the working in the establishments in kidZos.
Bringing this unique edutainment centre to India is ImagiNation Edutainment India Private Limited, whose shareholders are KidZ INC PTE LIMITED, Singapore and the Bollywood superstar Shah Rukh Khan.
KidZania India's first centre will be opening in Mumbai, the commercial capital of India. KidZania will be located on the 3rd and 4th level in Mumbai's largest mall R City, LBS Marg. It is spread across 75,000 sq. ft. with 60+ establishments and 75+ role-playing options for kids. The Mumbai centre is expected to have its soft launch by early 2013 and be fully operational by summer 2013.
Speaking on the scheduled launch of KidZania Hernan Barbieri, Global Integration Director, KidZania Mexico said “We have been delighted with the responses that KidZania has received globally and are confident that India will be equally good!
The combination of our winning concept and flawless execution will give India an edutainment centre like no other! Our mission is to feature the very best educational entertainment experience in role-playing for our visitors and deliver the most effective interactive medium of communication for our industry partners.”
Speaking on the scheduled launch of KidZania, Sanjeev Kumar, Director and CEO, KidZania India said “We are delighted to be a part of the KidZania family and on track to open the first edutainment centre in Mumbai. KidZania is going to provide kids with a unique and differentiated learning experience, inspire global citizenship and build strong community awareness among our children through an experience that is hands-on, engaging, educational, and most importantly, fun.
Real-world brands are a key component to our success as they add realism to the experience, making it authentic, immersive and rewarding for kids. KidZania is a great platform for brands to participate in educating children towards a more responsible and informed way-of life. We are looking forward to partnering with leading brands and create one of the best entertainment centres in India!”
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.54.78 |
|
|
1 |
Rs.83.38 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
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Report Prepared
by : |
MRI |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.