MIRA
INFORM REPORT
|
Report Date : |
09.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
WIZCRAFT INTERNATIONAL ENTERTAINMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.05.1997 |
|
|
|
|
Com. Reg. No.: |
11-107787 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.28.878
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92100MH1997PTC107787 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged in business of organising and executing
entertainment based events, shows, concerts, it is also engaged in business
of Television Production. |
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|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. The company possesses an acceptable financial profile marked by
adequate networth base along with high receivables leading to working capital
intensive operations. Management has witnessed a decent revenue as well as profitability
during FY 13. The ratings also take into consideration, the associate entity’s
ongoing delays to honour its debt obligations which are exposed to corporate
guarantee extended by the subject. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of the company being the earliest entrants in the event
management industry and its established presence, it can be considered for
business dealings at usual 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.
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.
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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities: BB+ (Suspended) |
|
Rating Explanation |
Moderate risk of default regarding timely servicing and high credit
risk. |
|
Date |
31.03.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
31.03.2013 |
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 DECLINED
MANAGEMENT NON – COOPERATIVE (91-22-42001400)
LOCATIONS
|
Registered Office : |
Satyadev Plaza, 5th Floor, Fun Republic Lane, Off New Link
Road, Andheri (West) Mumbai-400053, Maharashtra, India |
|
Tel. No.: |
91-22-42001400 |
|
Fax No.: |
91-22-42001500 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Timmins Leslie Andre |
|
Designation : |
Director |
|
Address : |
7, Nandan Villa, Model Town Cooperative Hosing Society, Gulmore Lane No. 10, Juhu Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
17.11.1964 |
|
Date of Appointment : |
05.05.1997 |
|
Din No.: |
01374914 |
|
PAN No.: |
AAGPT4804M |
|
|
|
|
Name : |
Mr. Viraf Keki Sarkari |
|
Designation : |
Director |
|
Address : |
1, Sabnosh, Next to Agha Khan Society, Off Yari Road, Lane of Amamath to Versova, Andheri (West), Mumbai – 400061, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1962 |
|
Date of Appointment : |
05.05.1997 |
|
Din No.: |
01304189 |
|
PAN No.: |
ABYPS0214P |
|
|
|
|
Name : |
Mr. Sabbas Winfred Joseph |
|
Designation : |
Director |
|
Address : |
C -201, Swati Apartment, Panch Marg, Off Yari Road, Versova Andheri (West) , Mumbai - 400 058, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1961 |
|
Date of Appointment : |
05.05.1997 |
|
Din No.: |
01374840 |
|
PAN No.: |
AFLPJ9458B |
|
|
|
|
Name : |
Mr. Anumod Sharma |
|
Designation : |
Director |
|
Address : |
D-305A, Laburnum Apartment, Sushant Lok, Sector 29, Gurgaon-122006, Haryana, India |
|
Date of Birth/Age : |
17.08.1958 |
|
Date of Appointment : |
08.07.2010 |
|
Din No.: |
01185510 |
|
|
|
|
Name : |
Mr. Praveen Sharma |
|
Designation : |
Director |
|
Address : |
C-123, Ashok Vihar, Phase-I, New Delhi-110052, India |
|
Date of Birth/Age : |
15.09.1960 |
|
Date of Appointment : |
08.07.2010 |
|
Din No.: |
01573299 |
KEY EXECUTIVES
|
Name : |
Mr. Kavita Parikh |
|
Designation : |
Company Secretary |
|
Address : |
405, Gautam Apartments, Namrsing Lane, Malad (West), Mumbai-400064,
Maharashtra, India |
|
Date of Birth/Age : |
09.06.1986 |
|
Date of Appointment : |
17.01.2011 |
|
Pan No.: |
AOSPP3601E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Viraf Keki Sarkari |
|
562500 |
|
Timmins Leslie Andre |
|
562500 |
|
Sabbas Winfred Joseph |
|
562500 |
|
Luster Manufacturer Private Limited, India |
|
562500 |
|
Aquarious Ventures Pte Limited (Previously known as Hexagram
Investmetn Private Limited), Mauritius |
|
444538 |
|
Concordia IT Corporation, USA |
|
86700 |
|
Makertich Consultancy Services Private Limited, India |
|
88850 |
|
DSP Investment Private Limited, India |
|
11100 |
|
K.R. Bharat |
|
6600 |
|
Total |
|
2887788 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
18.39 |
|
Bodies corporate |
22.94 |
|
Directors or relatives of Directors |
58.44 |
|
Other top fifty shareholders |
0.23 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of organising and executing
entertainment based events, shows, concerts, it is also engaged in business
of Television Production. |
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Products / Services: |
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GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
· New India Co-Operative Bank Limited, New India Bhavan, Anant Vishram Nagvekar Marg, Babasaheb Worlikar Chowk, Prabhadevi,, Mumbai - 400025, Maharashtra, India · Citi Bank N.A., Cititower, 61, Dr. S. S. Rao Road, Parel, Mumbai - 400012, Maharashtra, India ·
Axis Bank Limited, 2nd Floor, Statesman House,
148, Barakhamba Road, New Delhi - 110001, Delhi, India |
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Facilities : |
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Banking
Relations : |
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Auditors 1 : |
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|
Name : |
Suresh Surana and Associates Chartered Accountants |
|
Address : |
310 Ahura Centre, 82 Mahakali Caves Road,Andheri East, Mumbai-400093, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAQFS7647M |
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Auditors 2 : |
|
|
Name : |
Snehal and Associates Chartered Accountants |
|
Address : |
5/A, New Hari Nivas, 1st Floor, Dattatray Road, Near Juhu Garden, Santacruz –(West) Mumbai-400054, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFPS6799B |
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Subsidiaries: |
· Virtual Vision Private Limited · Wysiwyg Décor Private Limited · Wizcraft Television and Films Private Limited (Wholly owned subsidiary) · Wizcraft International Entertainment Limited (Mauritius), (Wholly owned subsidiary) · Wizcraft International Entertainment Singapore PTE Limited (Wholly owned subsidiary) · Wizspk Communication and PR Private Limited (w.e.f. 24 August 2012), India [U93030MH2012PTC234900] · Wizcraft Television Production Private Limited (Previously known as Wizcraft · Moving Picture Private Limited) (w.e.f. 18 January 2013), India [U93030MH2013PTC239837] · Wizconcept Events and Entertainment Private Limited (w.e.f. 18 September 2012) |
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|
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Associate Concerns: |
· Performance Audio (India) Private Limited, India [U92100MH1999PTC120800] · Great Indian Nautanki Company Private Limited, India [U92190DL2007PTC168336] · Special FX (Partnership Firm) · Wizlite Exhibitions and Events Private Limited(w.e.f. 5 June 2012), India [U93030MH2012PTC231866] |
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|
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Enterprises in
which Key Management Personnel are having significant influence: |
· Wizcraft International Entertainment (Private) Limited - Sri Lanka · Pro Production Technologies Private Limited · Purple Window Communication and PR Private Limited · Wizcraft Entertainment Agency Private Limited · International Institute of Media and Entertainment Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3300000 |
Equity Shares |
Rs.10/- each |
Rs. 33.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2887788 |
Equity Shares |
Rs.10/- each |
Rs. 28.878
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 |
28.878 |
28.878 |
28.878 |
|
(b) Reserves & Surplus |
1133.064 |
974.625 |
805.723 |
|
(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) |
1161.942 |
1003.503 |
834.601 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
6.202 |
20.164 |
27.553 |
|
(b) Deferred tax liabilities
(Net) |
15.094 |
9.222 |
14.427 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.899 |
4.587 |
2.566 |
|
Total
Non-current Liabilities (3) |
26.195 |
33.973 |
44.546 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
518.379 |
286.399 |
322.178 |
|
(b) Trade payables |
560.408 |
442.020 |
384.623 |
|
(c) Other current liabilities |
140.172 |
112.746 |
125.100 |
|
(d) Short-term provisions |
0.374 |
0.387 |
0.998 |
|
Total
Current Liabilities (4) |
1219.333 |
841.552 |
832.899 |
|
|
|
|
|
|
TOTAL |
2407.470 |
1879.028 |
1712.046 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
185.584 |
188.818 |
194.227 |
|
(ii) Intangible Assets |
284.916 |
15.978 |
0.984 |
|
(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 |
494.429 |
494.208 |
493.063 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.749 |
54.660 |
86.246 |
|
(e) Other Non-current assets |
0.100 |
0.000 |
1.916 |
|
Total
Non-Current Assets |
978.778 |
753.664 |
776.436 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
10.653 |
137.505 |
31.955 |
|
(c) Trade receivables |
801.493 |
534.085 |
563.617 |
|
(d) Cash and cash equivalents |
10.150 |
39.472 |
122.836 |
|
(e) Short-term loans and
advances |
442.844 |
356.678 |
194.905 |
|
(f) Other current assets |
163.552 |
57.624 |
22.297 |
|
Total
Current Assets |
1428.692 |
1125.364 |
935.610 |
|
|
|
|
|
|
TOTAL |
2407.470 |
1879.028 |
1712.046 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
TOTAL REVENUE |
2475.449 |
2451.081 |
2117.459 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
240.772 |
251.802 |
237.657 |
|
|
|
|
|
|
|
Less |
TAX |
83.947 |
82.901 |
101.125 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
156.825 |
168.901 |
136.532 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
841.277 |
672.375 |
535.843 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
998.101 |
841.277 |
672.375 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
54.31 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.59 |
18.18 |
19.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.25 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.31 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.34 |
1.12 |
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 |
28.878 |
28.878 |
28.878 |
|
Reserves & Surplus |
805.723 |
974.625 |
1133.064 |
|
Net
worth |
834.601 |
1003.503 |
1161.942 |
|
|
|
|
|
|
long-term borrowings |
27.553 |
20.164 |
6.202 |
|
Short term borrowings |
322.178 |
286.399 |
518.379 |
|
Total
borrowings |
349.731 |
306.563 |
524.581 |
|
Debt/Equity
ratio |
0.419 |
0.305 |
0.451 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Revenue |
2117.459 |
2451.081 |
2475.449 |
|
|
|
15.756 |
0.994 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Revenue |
2117.459 |
2451.081 |
2475.449 |
|
Profit |
136.532 |
168.901 |
156.825 |
|
|
6.45% |
6.89% |
6.34% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
16.167 |
15.542 |
14.755
|
|
|
|
|
|
|
Total |
16.167 |
15.542 |
14.755
|
|
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 |
No |
|
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 |
Yes |
|
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 |
Yes |
LITIGATION DETAILS
CASE
DETAILS
BENCH:-BOMBAY
|
Presentation Date:- |
26/06/2014 |
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Lodging No.:- |
CPL/445/2014 |
Filing Date:- |
26/06/2014 |
|
|
|
|
Petitioner:- |
M/S CONSULTING CORP |
Respondent:- |
M/S WIZCRAFT INTERNATIONAL
ENTERTAINMENT PRIVATE LIMITED CIN -U92100MH1997PTC107787 |
|
|
|
Petn.Adv.:- |
ABDUL WAHAB ANSARI (I3110) |
|
|
|
District:- |
OUTSIDE MAHARASHTRA |
|
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Bench:- |
SINGLE |
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Status:- |
Pre-Admission |
Category:- |
COMPANY PETITION U/SEC 433,434,439
COMPANIES ACT |
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Last Date:- |
03/07/2014 |
Stage:- |
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Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR.
MASTER |
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Act :- |
Companies Act & Rules 1956 |
Under Section:- |
433,434 & 439 |
FINANCIAL PERFORMANCE
During the year, the Company has earned revenue of Rs. 2475.449 Millions as against Rs. 2451.081 Millions in the previous year. The Company has registered a net profit of Rs. 156.825 Millions as against Rs. 168.901 Millions in the previous year.
CORPORATE INFORMATION
Subject is a Private Limited Company domiciled in India and incorporated under the provison of Indian Companies Act, 1956. The Company is engaged in business of organising and executing entertainment based events, shows, concerts etc. It is also engaged in business of Television Production. It caters to both domestic as well as international market.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10406594 |
24/01/2013 |
550,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, GUJARAT - 380006, INDIA |
B68617067 |
|
2 |
10380973 |
27/08/2012 |
2,200,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B59871590 |
|
3 |
10361067 |
26/05/2012 |
170,000,000.00 |
NEW INDIA CO-OP BANK LIMITED |
NEW INDIA BHAVAN,
ANANT VISHRAM NAGVEKAR MARG, BABASAHEB WORLIKAR CHOWK, PRABHADEVI, MUMBAI,
MAHA |
B41802489 |
|
4 |
10263043 |
19/02/2013 * |
250,000,000.00 |
AXIS BANK LTD. |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B70429170 |
|
5 |
10186549 |
19/03/2012 * |
148,500,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, MAKER TOWER. 'E', CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B35115765 |
|
6 |
10173045 |
19/03/2012 * |
148,500,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, MAKER TOWER.'E', CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B35114602 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Leasehold improvements
Intangible assets
· Computer software
PRESS RELEASES
ENTERTAINMENT KI ‘PAAGALPANTI' RETURNS
MAY 10, 2014
After a victorious innings of four entertaining FULL ON seasons that packaged non-stop entertainment with exceptional talent, Entertainment Ke Liye Kuch Bhi Karega is back with its fifth edition! With its maverick judges, Anu Malik and Farah Khan spicing up this season, the show will also have the gorgeous Mona Singh hosting the show with her impeccable style and grace.
Joining Mona will be her hilarious co-host, Krushna Abhishek, who with his
funny antics will ratchet up the humour quotient and take the madness to a
whole new level. Gear up to be entertained and thrilled by acts of
extraordinary performers with their exceptional abilities starting May 12,
Monday - Thursday at 9pm on Sony Entertainment Television.
Produced by Wizcraft Entertainment Private Limited, 'Entertainment Ke Liye Kuch
Bhi Karega' will present the best in class family entertainment. The 5th season
of 'Entertainment Ke Liye Kuch Bhi Karega' will see acts ranging from
heart-stopping bike gymnastics to an International illusion act straight from
France. A fearless group of Khalsa girls performing death - defying stunts will
make your heart stop. A father throwing knifes at his daughter, unbelievable
acts by exceptional 3yrs olds and specially abled people. Handpicked contestants
from all over the country will display their extraordinary skills and talents
at the auditions, and the best among them voted by the audience and the judges,
will win Rs 11,111 on the spot in cash. Additionally, the best performer of
each week will receive a cash prize of Rs. 0.100 Million.
FALGUNI PATHAK ROPED IN FOR GRAND NAVRATRI FESTIVAL IN MUMBAI
JULY 15, 2014
This year the grand Navratri festival of Mumbai will see
Falguni Pathak in action. The queen of dandiya, as she's fondly known, has been
roped in for the event, which will start from 25th September and will go on
till 3rd October.
ALSO
READ: Falguni Pathak to perform in Mumbai
An excited Falguni Pathak said, "I am too passionate about Navratri as a
festival, I love the culture and especially the youth grooving and dancing
throughout the garba nights all nine days, I'm here to ensure that I entertain
my audience and viewers and they go back with happy memories this season."
On the other hand the event organizer Wizcraft's international director, Sabbas Joseph, said, "If it's Dandiya, it has to be Falguni Pathak. We are happy to have collaborated with her. On the album front Pathak has launched 13 albums so far, with songs like Yaad Piya Ki Aaney Lagi, Maine payal hai chhankai, Meri chunar udd udd jaye etc.
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
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|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
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Information
Gathered by : |
NYA |
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Analysis Done by
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SUB |
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Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
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|
--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
YES |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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DEFAULTER |
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--RBI |
YES/NO |
NO |
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--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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 |
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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 |
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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 |
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-- |
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.