MIRA
INFORM REPORT
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Report Date : |
09.11.2013 |
IDENTIFICATION DETAILS
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Name : |
SUN BROADCAST EQUIPMENTS PRIVATE LIMITED |
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Registered
Office : |
3/31, 3rd Floor, West Patel Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
14.08.2002 |
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Com. Reg. No.: |
55-116546 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
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CIN No.: [Company Identification
No.] |
U32201DL2002PTC116546 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELS19530A |
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PAN No.: [Permanent Account No.] |
AAGCS4766E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealing of Broadcasting Equipments. |
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No. of Employees
: |
Not Available |
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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.
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.
LOCATIONS
|
Registered Office : |
3/31, 3rd Floor, West Patel Nagar, New Delhi - 110 008,
India |
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Tel. No.: |
91-11-25889728-31 |
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Fax No.: |
91-11-25889252 / 2588 7824 |
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E-Mail : |
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Website : |
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16/5, 2nd Floor, W.E.A Karol Bagh, |
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Tel. No.: |
91-11- 45019907-09 |
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Fax No.: |
91-11-45019966 |
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E-Mail : |
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Sales / Service : |
Located At · Mumbai · Kolkata ·
· Chennai |
DIRECTORS
As on 24.09.2012
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Name : |
Mr. Sunil Malik |
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Designation : |
Director |
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Address : |
40/16, East Patel Nagar, |
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Date of Appointment : |
14.08.2002 |
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DIN No.: |
00225776 |
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Name : |
Mrs. Manju Malik |
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Designation : |
Director |
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Address : |
40/16, East Patel Nagar, |
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Date of Appointment : |
01.09.2007 |
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DIN No.: |
00226017 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2012
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Names of Shareholders |
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No. of Shares |
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Kush Malik |
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45000 |
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LUV Malik |
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50000 |
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Sunil Malik |
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5000 |
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Total |
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100000 |
As on 24.09.2012
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealing of Broadcasting Equipments. |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
·
HDFC Bank Limited ·
ICICI Bank Limited · The Jammu and Kashmir Bank Limited |
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Facilities : |
(Rs.
In Millions)
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Banking Relations
: |
-- |
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Financial Institutions: |
A. K. Capital
Finance Private Limited, 30-39, Free Press House, 3rd Floor, Free Press
Journal Marg, 215, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Auditors : |
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Name : |
A.K. Batra and Associates Chartered Accountants |
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Address : |
A-36, First Floor, Ring Road, Rajouri Garden, New Delhi – 110027,
India |
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Tel. No.: |
91-11-25161015 / 25161016 |
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PAN.: |
AAAFA7179A |
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Subsidiaries : |
Sun Itech And Broadcast Private Limited CIN No.: U32204DL2009PTC195660 |
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Associate Companies
: |
· Sun Infonet Private Limited · Sun Info India Private Limited · Sun Medical Systems Private Limited · Yes Infradevelopers Private Limited · Blueplanet Infradevelopers Private Limited · Ellora Properties Private Limited · Delhi Overseas Private Limited · DFS Enterprises Private Limited · Genious Cables Private Limited ·
Genious Paper Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
Million |
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Reconcilation of
number of shares outstanding and amount of share capital
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Particulars |
Number |
Rs. In Millions |
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Shares outstanding at the beginning of the year |
1 00,000 |
1.000 |
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Shares Issued during the year |
-- |
-- |
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Shares bought back during the year |
-- |
-- |
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Shares outstanding at the end of the year |
1 00,000 |
1.000 |
The Company has only one class of shares reffered to as equity shares having a par value of Rs. 10 each. Each holder of equity share is entitled to one vote per share.
Particulars of equity
share holders holding more than 5% of the total number of equity share capital:
|
Name of Shareholder |
% of Holding |
No. of Shares held |
|
Mr. Sunil Malik |
5.00% |
5,000 |
|
Mr. Luv Malik |
50.00% |
50,000 |
|
Mr. Kush Malik |
45.00% |
45,000 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
1.000 |
1.000 |
1.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
37.934 |
28.731 |
19.748 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
38.934 |
29.731 |
20.748 |
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LOAN FUNDS |
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1] Secured Loans |
67.869 |
16.015 |
27.273 |
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2] Unsecured Loans |
0.000 |
0.000 |
26.150 |
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TOTAL BORROWING |
67.869 |
16.015 |
53.423 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
106.803 |
45.746 |
74.171 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
3.257 |
3.880 |
4.844 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
7.852 |
7.852 |
1.832 |
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DEFERREX TAX ASSETS |
0.359 |
0.311 |
0.236 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
15.354
|
8.550 |
17.290 |
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Sundry Debtors |
92.127
|
48.151 |
34.344 |
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Cash & Bank Balances |
40.866
|
42.461 |
8.752 |
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Other Current Assets |
0.000
|
0.000 |
2.096 |
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Loans & Advances |
15.678
|
8.565 |
59.251 |
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Total
Current Assets |
164.025
|
107.727 |
121.733 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
61.961
|
64.054 |
49.973 |
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Other Current Liabilities |
1.976
|
5.365 |
1.782 |
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Provisions |
4.753
|
4.605 |
2.719 |
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Total
Current Liabilities |
68.690
|
74.024 |
54.474 |
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Net Current Assets |
95.335
|
33.703 |
67.259 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
106.803 |
45.746 |
74.171 |
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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 |
406.577 |
305.302 |
207.754 |
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Other Income |
1.670 |
1.282 |
7.605 |
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TOTAL |
408.247 |
306.584 |
215.359 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
394.197 |
293.026 |
207.104 |
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Advertising Expenses |
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TOTAL |
394.197 |
293.026 |
207.104 |
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PROFIT BEFORE
TAX |
14.050 |
13.558 |
8.255 |
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Less |
TAX |
4.847 |
4.531 |
2.557 |
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PROFIT AFTER TAX
|
9.203 |
9.027 |
5.698 |
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EARNINGS IN
FOREIGN CURRENCY |
76.403 |
34.331 |
5.256 |
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VALUE OF IMPORTS |
220.034 |
110.573 |
71.191 |
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Earnings Per
Share (Rs.) |
92.03 |
90.27 |
56.97 |
|
%2009-Nov-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.25
|
11.20 |
2.44 |
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Net Profit Margin (PBT/Sales) |
(%) |
3.46
|
4.44 |
3.97 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
8.40
|
12.15 |
6.52 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.46 |
0.40 |
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Debt Equity Ratio (Total Liability/Networth) |
|
3.51
|
3.03 |
5.20 |
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Current Ratio (Current Asset/Current Liability) |
|
2.39
|
1.46 |
2.23 |
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 |
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3] |
Constitutions of the firm |
Yes |
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4] |
Premises details |
No |
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5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
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7] |
Promoter's background |
Yes |
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8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
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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 |
No |
|
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 |
OPERATIONS
The Company has made Sales of Rs.383.035 Millions (Previous Year Rs. 276.692 Millions) and has earned Service / Works Receipts of Rs. 9.750 Millions (Previous Year Rs.18.367 Millions) during the year.
FINANCIAL RESULTS
The Company has earned a profit of Rs. 14.050 Millions (Previous Year profit of Rs.13.558 Millions) during the year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32201DL2002PTC116546 |
|
Name of the
company |
SUN BROADCAST
EQUIPMENTS PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in India of the company |
3/31, 3rd Floor, West Patel Nagar, New Delhi - 110 008. India |
|
This form is for |
Creation of charge |
|
Type of charge |
Others (sub survient charge on all the fixed assets.) |
|
Particular of
charge holder |
A. K. Capital
Finance Private Limited, 30-39, Free Press House, 3rd Floor, Free Press
Journal Marg, 215, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Nature of
instrument creating charge |
Deed of hypothecation dated June 21 2012 entered between A. K. Capital Finance Private Limited - lender and sun broadcast equipments private limited - borrower for securing the term loan of Rs. 60.000 Millions granted to the borrower. |
|
Date of
instrument Creating the charge |
21.03.2012 |
|
Amount secured by
the charge |
Rs.60.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 14% (per annum) Terms of Repayment Bi-Annual Installments of Rs. 12.000 Millions Each Beginning at The End of 12 Months From The Date of Disbursement. Interest Repayment - Interest To Be Served Quarterly In Arrears For The Enitre Tenor Including The Moratorium Period. (Moratorium Period of 12 Months) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Entire Fixed Assets of The Borrower Wherever Situated. |
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 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.62.73 |
|
UK Pound |
1 |
Rs.100.92 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.