MIRA
INFORM REPORT
|
Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
MITASHI EDUTAINMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
505-508, Bhaveshwar Arcade, Opposite Shrejas Cinema, LBS Marg, Ghatkoper
(West), Mumbai – 400086, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.09.2000 |
|
|
|
|
Com. Reg. No.: |
11-128809 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.78.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92110MH2000PTC128809 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM14242E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM3958N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Electronic Items. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. The company possesses a moderate financial profile marked by
acceptable networth, high gearing along with slow debtor realisations,
accrued payables and increasing inventories owing to working capital
intensive operations. Management has reported a minimal net profitability during FY13. The ratings also take into consideration, the susceptibility of
profitability to cut throat competition from established brands and MNC’s. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In views of experienced promoters, the company can be considered for
business dealings with 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
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization policies.
A firm called Ciane Analytics studied returns from assets including
equities, gold, fixed deposits, G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. P. K. Sunny |
|
Designation : |
General Manager Finance |
|
Contact No.: |
91-22-25006661 |
|
Date : |
04.08.2014 |
LOCATIONS
|
Registered Office : |
505-508, Bhaveshwar Arcade, Opposite Shrejas Cinema, LBS Marg,
Ghatkoper (West), Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25006661/ 2/ 3/ 4 |
|
Fax No.: |
91-22-25006665 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office/ Head Office : |
414 424, “B” Wing, Bhawaeshwar Arcade, LBS Marg, Ghatkopar (West),
Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25006661/ 62 |
|
Fax No.: |
91-22-25006660 |
|
|
|
|
Regional Offices : |
South No.68/10, 1st Floor, 1st Main, 1st Cross, Ashwini Layout, Adjuscent To Oasis Mall, Off Kormangala Ring Road, Egipura, Viveknagar Post, Bangalore – 560047, Karnataka, India East Amialaya, 6/A , Kolkata – 32, West Bengal, India 18/17B Fern Road, Ground Floor, Adhikari House, Kolkata- 700019, West Bengal, India West C/O Siddhi Enterprises, 1761/4 Gautam Chambers, Near Balhanuman Temple, Above ICICI Bank, Gandhi Road, Ahmedabad – 380001, Gujarat, India |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Hasmukh Ramji Gada |
|
Designation : |
Whole-time director |
|
Address : |
24-A, Happy Home, Tilak Road, Ghatkopar East, Mumbai – 400077,
Maharashtra, India |
|
Date of Birth/Age : |
23.12.1962 |
|
Date of Appointment : |
01.04.2009 |
|
PAN No.: |
AEVPG2413A |
|
DIN No.: |
00094868 |
|
|
|
|
Name : |
Mr. Rajendra Ratilal Mirani |
|
Designation : |
Whole-time director |
|
Address : |
Jimmys Nest Dreamland CHS, Dr. A. Soares Marg, Chembur, Mumbai –
400071, Maharashtra, India |
|
Date of Birth/Age : |
03.12.1949 |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AABPM9362N |
|
DIN No.: |
01431387 |
|
|
|
|
Name : |
Mr. Ketan Ramjibhai Gada |
|
Designation : |
Whole-time director |
|
Address : |
6, Mahesh Kunj, 1st Floor, Opposite Balaji Temple, Tilak Road,
Ghatkopar (East) Mumbai - 400077maharashtra, India |
|
Date of Birth/Age : |
05.02.1974 |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
AABPS8924N |
|
DIN No.: |
01954002 |
|
|
|
|
Name : |
Mr. Yashwant Parasmal Dugar |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 7, 3rd Floor, Apartment, Plot No. 166, Gurukul Cross Derasar
Lane, Ghatkopar, Mumbai – 400075, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1975 |
|
Date of Appointment : |
01.04.2011 |
|
PAN No.: |
ADQPD0274N |
|
DIN No.: |
02594386 |
|
|
|
|
Name : |
Mr. Rakesh Devendrakumar Dugar |
|
Designation : |
Managing director |
|
Address : |
1103, Soverigen CHS, Hiranandani Garden, Powar, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
09.09.1969 |
|
Date of Appointment : |
21.09.2000 |
|
PAN No.: |
AABPD3698Q |
|
DIN No.: |
01335219 |
KEY EXECUTIVES
|
Name : |
Mr. P. K. Sunny |
|
Designation : |
General Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Hasmukh Gada |
|
1860099 |
|
Rakesh Dugar |
|
2368999 |
|
Deepak Shah |
|
100 |
|
Rashmi Gupta |
|
300100 |
|
Deepak Shah (HUF) |
|
100 |
|
Hasmukh R. Shah (HUF) |
|
100 |
|
Ramji B. Shah (HUF) |
|
100 |
|
Veena Shah |
|
100 |
|
Ramji B. Shah |
|
250100 |
|
Rakesh Dugar (HUF) |
|
100100 |
|
Kamala Dugar |
|
700100 |
|
Sampat Devi Dugar |
|
650100 |
|
Ketan R. Gada (HUF) |
|
140100 |
|
Yashwant Dugar |
|
480100 |
|
Ketan Gada |
|
510099 |
|
Preeti Gada |
|
399400 |
|
Raja R. Mirani |
|
100 |
|
Nanuben R. Shah |
|
40100 |
|
Queena Chetan Khirani |
|
1 |
|
Rekha Jeetendra Khirani |
|
1 |
|
Kamal V. Shah |
|
1 |
|
|
|
|
|
Total |
|
7800000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electronic Items. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
The Cosmos Co-operative Bank Limited, Ghatkopar Branch, Meera Sagar, Dadabhai Navroji Lane, Ghatkopar West, Mumbai - 400086, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
|
|
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
B G Gokhru and Company Chartered Accountants |
|
Address : |
27 Rungta, Bhavan II, Floor 100, Fanaswadi Sitaram, Poddar School Marg Mumbai – 400002, Maharashtra, India |
|
PAN No.: |
AAFPG3666F |
|
|
|
|
Relatives of Key Management personnel : |
Krom Technologies |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7800000 |
Equity Shares |
Rs.10/- each |
Rs.78.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
78.000 |
78.000 |
62.018 |
|
(b) Reserves & Surplus |
16.606 |
13.150 |
11.120 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
94.606 |
91.150 |
73.138 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
16.491 |
31.572 |
43.832 |
|
(b) Deferred tax liabilities
(Net) |
5.271 |
5.213 |
5.129 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
21.762 |
36.785 |
48.961 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
495.861 |
363.999 |
277.058 |
|
(b) Trade payables |
89.873 |
6.857 |
13.480 |
|
(c) Other current liabilities |
43.733 |
12.257 |
8.164 |
|
(d) Short-term provisions |
2.816 |
1.250 |
0.375 |
|
Total
Current Liabilities (4) |
632.283 |
384.363 |
299.077 |
|
|
|
|
|
|
TOTAL |
748.651 |
512.298 |
421.176 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
26.885 |
24.495 |
22.339 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.381 |
6.877 |
7.970 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
36.317 |
29.699 |
24.362 |
|
Total
Non-Current Assets |
69.583 |
61.071 |
54.671 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
311.003 |
164.213 |
137.669 |
|
(c) Trade receivables |
231.082 |
170.389 |
144.743 |
|
(d) Cash and cash equivalents |
5.124 |
3.511 |
14.894 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
131.859 |
113.114 |
69.199 |
|
Total
Current Assets |
679.068 |
451.227 |
366.505 |
|
|
|
|
|
|
TOTAL |
748.651 |
512.298 |
421.176 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Other expenses |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.899 |
5.415 |
4.215 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.826 |
2.433 |
2.197 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.073 |
2.982 |
2.018 |
|
|
|
|
|
|
|
Less |
TAX |
1.566 |
0.711 |
0.956 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.507 |
2.271 |
1.062 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.45 |
0.29 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.68 |
0.59 |
0.49 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.42 |
4.34 |
4.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.17 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
62.018 |
78.000 |
78.000 |
|
Reserves & Surplus |
11.120 |
13.150 |
16.606 |
|
Net
worth |
73.138 |
91.150 |
94.606 |
|
|
|
|
|
|
long-term borrowings |
43.832 |
31.572 |
16.491 |
|
Short term borrowings |
277.058 |
363.999 |
495.861 |
|
Total
borrowings |
320.890 |
395.571 |
512.352 |
|
Debt/Equity
ratio |
4.387 |
4.340 |
5.416 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Total |
0.000 |
0.000 |
0.000 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
SHORT TERM
BORROWINGS |
|
|
|
Other loans and advances |
47.962 |
35.940 |
|
|
|
|
|
Total |
47.962 |
35.940 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10457693 |
30/10/2013 |
50,000,000.00 |
The Cosmos Co-op Bank Ltd |
GHATKOPAR
BRANCH,MIRA SAGAR 36/A, DADABHAI NAUROJ |
B88579636 |
|
2 |
10405986 |
31/01/2013 |
50,000,000.00 |
The Cosmos Co-op Bank Ltd |
GHATKOPAR BRANCH,MIRA
SAGAR 36/A, DADABHAI NAUROJ |
B68906544 |
|
3 |
10385072 |
19/10/2012 |
50,000,000.00 |
The Cosmos Co-op Bank Ltd |
GHATKOPAR
BRANCH,MIRA SAGAR 36/A, DADABHAI NAUROJ |
B61583803 |
|
4 |
10347082 |
14/03/2012 |
50,000,000.00 |
The Cosmos Co-op Bank Ltd |
GHATKOPAR
BRANCH,MIRA SAGAR 36/A, DADABHAI NAUROJ |
B36804573 |
|
5 |
10306357 |
02/09/2011 |
30,000,000.00 |
The Cosmos Co-op Bank Ltd |
GHATKOPAR
BRANCH,MIRA SAGAR 36/A, DADABHAI NAUROJ |
B20585345 |
|
6 |
10294054 |
18/05/2011 |
5,000,000.00 |
The Cosmos Co-op Bank Ltd |
GHATKOPAR
BRANCH,MEERA SAGAR,DADABHAI NAVROJI LANE |
B15748296 |
|
7 |
10253656 |
16/11/2010 |
20,000,000.00 |
The Cosmos Co-op Bank ltd |
GHATKOPAR BRANCH,MEERA
SAGAR,DADABHAI NAVROJI LANE |
A99144065 |
|
8 |
10241374 |
25/08/2010 |
10,000,000.00 |
The Cosmos Co-op Bank ltd |
GHATKOPAR
BRANCH,MEERA SAGAR,DADABHAI NAVROJI LANE |
A94731411 |
|
9 |
10165957 |
20/06/2009 |
20,000,000.00 |
The Cosmos Co-op Bank Ltd |
GHATKOPAR
BRANCH,MEERA SAGAR,DADABHAI NAVROJI LANE |
A65395303 |
|
10 |
10106274 |
03/06/2008 |
10,000,000.00 |
The Cosmos Co-op Bank ltd |
GHATKOPAR BRANCH,
GHATKOPAR WEST, MUMBAI, MAHARASH |
A39847959 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Office Equipment
· Plant and Machinery
· Furniture and Fixtures
· Motor Vehicle
· Computers/Printers and Sap
· Wind Power Project
PRESS RELEASE
MITASHI LAUNCHES 65″ FULL HD LED, THE ULTIMATE TELEVISION FOR THE
ULTIMATE FAN
Cricket Fans rejoice as Mitashi, the official
Electronics Partner of Rajasthan Royals launches 65″ Full HD LED TV
bringing the stadium like experience right in your living room. Aggressive on
Performance, the 65″ Full HD LED features a super slim panel, offers
unrivalled Playback options and is backed by a reassuring 3-years warranty. All
this for Rs.0.140 Million.
MUMBAI / BANGALORE, India – May 14, 2014 – Mitashi, the Official Electronics Partner for Rajasthan Royals, today
announced the launch of its latest 65″ Full HD LED TV – gift for all the
cricket fans to watch their favourite IPL 2014. The latest addition in
Mitashi’s range of LED TVs offers new and unmatched viewing experience with its
Full HD resolution (1920 X 1080), DLED Technology with Super SLIM Panel,
500,000: 1 Dynamic Contrast Ratio, making for spectacular image quality and
stunning theatre performance. This wonder pack is backed by a reassuring
3-years warranty.
In terms of aesthetics, the new 65″ Full
HD LED TV is based on Mitashi’s philosophy of bringing the latest design
innovations to the customer at most affordable price points, and helps expand
the market.
“This IPL season has been very exciting for
all the cricket fans who missed to be in the stadium and can still experience
the feel of being there with our latest 65″ Full HD LED TV.” said Mr.
Rakesh Dugar, Chairman and Managing Director at Mitashi Edutainment Private
Limited. “Mitashi has expanded its range to further accelerate this trend.
Taken together with Mitashi’s contemporary design and attention to detail, such
as sound quality and convenient connectivity, we are looking to again deliver
the ultimate home entertainment experience through our new 65″ Ultra HD
LED TV.“
Playing Multi-media files directly from your
USB storage devices such as pen drives or external hard drives is extremely
easy in 65″ Full HD TV as the movie plug and play application plays over
27 movie formats, including AVI, MPEG, MKV, WMA. The Televisions features USB
Ports and HDMI Ports for you to enjoy multiple connectivity options.
The Slim and lightweight range of Mitashi LED
TVs can be mounted on the wall or fixed on the stand, totally depending on your
viewing comfort. The elegant new range from Mitashi will complement almost any
decor, while the special picture frame mode will enhance the very look of a
living space even when it is not being used.
MITASHI GAMEIN THUNDER BOLT 2 REVIEW: GAME ON THE NICKEL
Mitashi has always been a household name,
providing sound systems, TV's as well as single-handedly keeping the glorious
days of 8, 16 and 32 bit alive in the form of budget game consoles with names
like Chotu. Now the company is ready for another foray into the Android console
space with the oddly name GameIn Thunder Bolt 2, bringing the wonderful world
of Android games to kids on a budget. So let's see if lightening strikes this
time with the Thunder Bolt 2 or does it fizzle off like its predecessor.
Design and Build
The first GameIn Thunder Bolt came out a year
ago and was almost exactly like a PSP, terribly under powered and poorly built.
With the Thunder Bolt 2, Mitashi designers have gone back to the drawing board
remaking the console colorful and appealing to kids.
The whole unit is essentially a large
rectangular plastic slab, with chamfered edges all around. The right and left
sides have a slight indentured u slope, forming a sort of grip. The rear panel
and the main control buttons in front are of the bright accent color while the
front panel is white.
Several buttons are placed strategically
around the front panel and sides, the directional keys a thumb stick, four
unmarked A, B, X, Y buttons, return and menu all make up the front face. There
are two shoulder buttons, power, start, select volume up and down on the top
edge and a lone reset button on the bottom edge, lastly there's a WiFi on/off
toggle on the right hand side. The ThunderBolt has HDMI connectivity via a mini
HDMI, a slot for a MicroSD card up to 32 GB, a 3.5 mm jack in a very odd place
up top and a mini USD 2.0 port.
A large 5-inch TFT LCD screen graces the top
white panel of the device, which is one of the biggest selling points. Rather
than sit on the top like most mobile screens, this one sits in an inset to
protect the display from any drops. A simple glass covers the screen, nothing
fancy.
The build quality of the plastics don't
inspire confidence, but its a lot better than the flimsiness earlier Thunder
Bolt. The outer shell of the Thunder Bolt 2 does feel like a nice hard grade of
plastic, but after a few days of very basic usage, there was a slight rattling
inside. Also, the seam between the back and front panel was not uniform all
over, instead it was separating a bit around the input ports. Too many seams
for water to seep into, so avoid dropping it in liquids or taking it out in the
rain.
Buttons feel decent, with the directional pad
and thumb stick feeling nice and taut, each button having a decent rubbery
feedback under the transparent plastic, contoured to fit the finger. The thumb
stick had a circular pattern grip to make up for a lack of rubberised finish,
which feels odd, and works better if you hold it with the flat of your thumb
tip rather than the tip itself. The buttons around the sides feel flimsy,
especially the power button.
The ergonomics are fine. If you're an adult
you can hold the unit comfortably with your hand wrapping around the top, for
kids, their hands can easily wrap around the indenture, providing a grip, with
easy access to the buttons with their small fingers and also balancing
out the weight. Since the bottom of the unit is a little heavier than the top.
Making the Thunder Bolt quite comfy, especially for long uses. Though the
length of the unit may make it heavier if a child is holding it with one hand
and jabbing at the touch screen with the other. So a bit of support is needed,
preferably sitting down with the console propped on the lap. You can also
comfortably hold the device like a cellphone and play in portrait mode for
certain games.
All in all, the Thunder Bolt 2 looks good for
a kid, and even though an adult too can enjoy it's emulation goodness, it will
look very out of place.
Display
The Thunder Bolt 2 has a nice big 5 inch TFT
LCD capable of a modest 800x432 pixels with some really bad viewing angles.
Where the picture either washes out or burns out at extreme angles. Even
holding it straight up causes some vignetteing around the edges in places. Add
to that a reflection that muddles up everything.
It's workable, but you will need to take breaks
frequently. The viewing angles are not so evident when you're playing a retro
game or one that does not need much touch or accelerometer input. Moment that
screen starts shaking or swiveling, that viewing angle kicks in.
Specs and Software
On the hardware side, the Thunder Bolt 2 is
quite decently specced out. With an unnamed 1 Ghz Dual Core ARM v7 Processor
with a PowerVR SGX 540 single core graphics processing unit. 1 GB of RAM and 8
GB internal memory with a 2MP real camera. There's also Wi-Fi support and a
built in accelerometer for racing games. No Bluetooth.
The Thunder Bolt runs Android 4.2.2 Jellybean
which flies in the absence of any UI overlay. A very quick and responsive
experience. Setting up was easy, and it comes preinstalled with quite a few
games. The best part Android is the plethora of emulators that are at your
disposal, and with many of them pre-installed. So out of the box you can
experience SNES, NES, GameBoy Advance, Sega Mega Drive, PlayStation, Nintendo
64 games, with some preinstalled ROMS like the legendary Mario 64 and more. You
can also download and play your own ROMS, making this a great value add. Since
you can't play most of these games with on screen controls, so the physical
controls are perfect for experiencing classics of consoles past.
Performance, gaming and sound
Owing the modest resolution the ThunderBolt 2
handles most games thrown at it with surprising smoothness though text and
graphics had rough aliasing. We threw Temple Run 2, Need for Speed Shift, even
3D emulated favorites like the Mario 64 and The Legend of Zelda: Ocarina of
Time ran with just a bit of slowdown here and there. The touch was quite
responsive with Angry Birds Space, as was the accelerometer with NFS.
The console scored a 7902 in Antutu and a 2449
in Quadrant. Quite a decent score from a sub 10,000 unit.
Sound was adequate from the small speaker from
the back. Though, not so good with the headphones provided. Oddly, even with a
bass heavy Cowon EP1, the sound lacked any sort of texture.
Battery
The ThunderBolt 2 has a 2300mAh battery. You
can get about 2.5 to 3 hours depending on how resource hungry the game is. On
normal usage and in standby, the battery ran out in less than 6 hours.
A KIT TO CATCH THEM YOUNG
AHMEDABAD: You are entrusted with an area
where there is a traffic jam. Angry vehicle riders are honking and you are
short staffed. What you are supposed to do?
It is one of the role-playing challenges
offered in the form of games by the city traffic branch to the kids as their edutainment
initiative in order to make them understand the importance of traffic rules at
young age. Titled as ?Traffic Smart Kit,' a total of 550 such kits consisting
of board games, card games and a CD containing animation movies will soon be
distributed to various schools in the city. More such kits can be procured by
the schools directly from the maker, said traffic cops.
Talking about the initiative, Harikrishna
Patel, additional commissioner of police (traffic), said that the initiative
was launched a couple of years ago by senior home department officials and
traffic police officials. The fruition of the project took place last year
where prototypes were prepared and were tested at various schools whose
students were regular at Traffic Children Park near Lal Darwaja.
"Each kit contains a CD containing three
short animation films talking about various traffic rules and how to be safe on
the city roads. There is a board game called ?Kankaria Wonders' that can be played
with dice. Another game has a quiz named ?Traffic Toppers' where the
participants have to answer questions related to traffic rules. Another game is
called ?Traffic Inspector' where the kids can even wear a mask provided in the
kit and can solve eight different scenarios," said Patel.
Traffic branch officials said that the games
and activities are designed for the age group of 7 to 13. "It is aimed at
introducing the kids to the outside world that they see and feel everyday and
imparting some basic safety tips. We are hopeful that the initiative will reach
the maximum number of schools," said a senior traffic branch official.
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.61.02 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
32 |
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.