MIRA
INFORM REPORT
|
Report Date : |
12.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
TATA SKY LIMITED (w.e.f July 2005) |
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Formerly Known
As : |
SPACE TV LIMITED (w.e.f 17.05.2004) SPACE TV PRIVATE LIMITED |
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Registered
Office : |
3rd Floor, C-1, Wadia International Centre ( |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
09.01.2013 |
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Com. Reg. No.: |
11-130365 |
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Capital
Investment / Paid-up Capital : |
Rs. 12791.467 Millions |
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CIN No.: [Company Identification
No.] |
U92120MH2001PLC130365 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS33388F |
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PAN No.: [Permanent Account No.] |
AAGCS9294M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
To provide direct-to-home (DTH) broadcasting services to
cable TV viewers across the country. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Net worth of the company has been eroded due to continuous accumulated
loss incurred from its operations. However, company gets good support from its holdings company. Trade relations are fair. Business is active. Payment terms are
regular as per commitment. In view of strong support, the company 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A (Long Term Rating) |
|
Rating Explanation |
Have adequate degree of safety and carry low
credit risk. |
|
Date |
March 28, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A1 (Short Term Rating) |
|
Rating Explanation |
Have very strong degree of carry safety and
lowest credit risk. |
|
Date |
March 28, 2014 |
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
Management Non co-operative
(91-22-66133000)
LOCATIONS
|
Registered Office : |
3rd Floor, C-1, Wadia International Centre ( |
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Tel. No.: |
91-22-66133000 |
|
Fax No.: |
91-22-66133030 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 09.09.2014
|
Name : |
Mr. Ishaat Riyasat Hussain |
|
Designation : |
Director |
|
Address : |
Flat No.222, 2nd Floor, B Wing, NCPA, Residential Apartments, Sir Dorab Tata Road, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Date of Birth/Age : |
02.09.1947 |
|
Date of Appointment : |
06.02.2004 |
|
DIN No.: |
00027891 |
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|
|
|
Name : |
Mr. Bharat Damodar Vasani |
|
Designation : |
Director |
|
Address : |
Flat No. 601, 6th Floor, Ashok Gardens T2 180/188 TJ Road, Sewree, Mumbai – 400015, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1958 |
|
Date of Appointment : |
06.02.2004 |
|
DIN No.: |
00040243 |
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|
|
|
Name : |
Mr. Farokh Nariman Subedar |
|
Designation : |
Director |
|
Address : |
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Date of Birth/Age : |
24.09.1955 |
|
Date of Appointment : |
06.02.2004 |
|
DIN No.: |
00028428 |
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|
|
Name : |
Mr. Harit Nagpal |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 5 2nd Floor, 27-A, |
|
Date of Birth/Age : |
02.11.1961 |
|
Date of Appointment : |
01.01.2011 |
|
PAN No.: |
AADPN5389A |
|
DIN No.: |
00481307 |
|
|
|
|
Name : |
Mr. Uday Shankar |
|
Designation : |
Director |
|
Address : |
Ashford Apartments 2nd Floor 1/26A Ridge road, Near Sahyadri Guest House, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1961 |
|
Date of Appointment : |
01.08.2009 |
|
DIN No.: |
01755963 |
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|
|
|
Name : |
Mr. Jan Koeppen |
|
Designation : |
Director |
|
Address : |
2 Milborne Grove, London SW109SN |
|
Date of Birth/Age : |
11.12.1970 |
|
Date of Appointment : |
26.03.2010 |
|
DIN No.: |
03045923 |
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|
|
|
Name : |
Mr. Rohit Sipahimalani |
|
Designation : |
Director |
|
Address : |
House 22, 2nd Avenue, Singapore-266673 |
|
Date of Birth/Age : |
03.10.1966 |
|
Date of Appointment : |
11.10.2011 |
|
DIN No.: |
00904065 |
KEY EXECUTIVES
|
Name : |
Mr. Kumud Goel |
|
Designation : |
Secretary |
|
Address : |
945/946, Kohinoor, |
|
Date of Birth/Age : |
31.05.1976 |
|
Date of Appointment : |
01.08.2009 |
|
PAN No.: |
AEZPJ8917L |
|
|
|
|
Name : |
Mr. Amit Gupta |
|
Designation : |
Secretary |
|
Address : |
1003 Sapphire Heights, Akruli Road, Lokhandwala Township, Kandivali
(East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1975 |
|
Date of Appointment : |
01.07.2013 |
|
PAN No.: |
AFVPG5729G |
MAJOR SHAREHOLDERS
As on 09.09.2014
|
Names of Shareholders |
No. of Shares |
|
Tata Sons Limited, India |
584017278 |
|
Tata Sons
Limited, |
100 |
|
Tata Sons
Limited, |
100 |
|
Tata Sons
Limited, |
100 |
|
Tata Sons
Limited, |
100 |
|
Tata Sons
Limited, |
100 |
|
Network Digital Distribution
Services FZ- LLC, |
255829335 |
|
Baytree
Investments ( |
127914669 |
|
TS Investments
Limited, |
255829335 |
|
Omeg Fill
Investments Pte Limited, India |
50807222 |
|
Tata Capital
Limited |
4748338 |
|
|
|
|
Total |
1279146677 |
Equity Share Break up (Percentage of Total Equity)
As on 09.09.2014
|
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 |
36.64 |
|
Bodies corporate |
63.36 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
To provide direct-to-home (DTH) broadcasting services to
cable TV viewers across the country. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
· IDBI Bank Limited, IDBI Tower WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India ·
The Hongkong and Shanghai Banking Corporation Limited,
1st Floor, 16 Veer Nariman Road, Fort, Mumbai - 400001, Maharashtra, INDIA ·
Bank of India, Andheri Corporate Banking
Branch, MDI Building, 1st Floor, 28 S V Road, Andheri (W), Mumbai
– 400058, Maharashtra, India ·
Yes Bank Limited, 9th Floor, Nehru Centre,
discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India ·
Standard Chartered Bnk, 90, M.G. Road, Fort,
Mumbai – 400001, Maharashtra, India |
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Facilities : |
SECURED
LOAN (Rs.
In Millions)
|
|
Financial
Institution : |
Axis Trustee Services Limited, Asix House, 2nd Floor, Bombay
Dyeing Mills compound, Pandurang Budhkar Marg, Worli, Mumbai – 400025,
Maharashtra, India |
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|
|
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Auditors : |
|
|
Name 1 : |
S. R. Batliboi and Associates Chartered Accountants |
|
Address : |
12th Floor, The Ruby 29, Senapati Bapat Marg, Dadar (West) Mumbai – 400028, Maharashtra, India |
|
PAN No.: |
ACHFS9118A |
|
|
|
|
Name 2 : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
Indiabulls Finance
Centre, Tower 3, 27th-32nd Floor, Elphinstone Mill Compound, Senapati Bapat
Marg, Elphinstone (W), Mumbai – 400013, Maharashtra, India |
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PAN No.: |
AADFD2337G |
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Memberships : |
----- |
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Collaborators : |
----- |
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Fellow Subsidiary
Company : |
· Tata Consultancy Services Limited CIN No.: L22210MH1995PLC084781 · Tata AIG General Insurance Company Limited CIN No.: U85110MH2000PLC128425 · Tata AIA Life Insurance Company Limited CIN No.: U66010MH2000PLC128403 · Tata Teleservices (Maharashtra) Limited CIN No.: L64200MH1995PLC086354 · Tata Teleservices Limited CIN No.: U74899DL1995PLC066685 · Tata AS Set Management Limited CIN No.: U65990MH1994PLC077090 · Tata Capital Limited CIN No.: U65990MH1991PLC060670 · Tata Investment Corporation Limited CIN No.: L67200MH1937PLC002622 · Tata Business Support Services Limited CIN No.: U64200AP1995PLC044060 · Drive India Enterprise Solutions Limited CIN No.: U72900MH2000PLC126195 · Infiniti Retail Limited CIN No.: U31900MH2005PLC158120 |
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Subsidiary Company
: |
ACTVE Digital Services Private Limited CIN No.: U64120MH2006PTC159808 |
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Enterprises which are owned, or have significant
influence of or are partners with Key Management personnel and their
relatives : |
·
Network Digital Distribution Services FZ LLC,
United Arab Emirates |
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|
|
|
Holding Company : |
Tata Sons Limited CIN No.: U99999MH1917PLC000478 |
CAPITAL STRUCTURE
After 09.09.2014
Authorised Capital : Rs. 20000.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 13661.032
Millions
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000000 |
Equity Shares |
Rs.10/- each |
Rs. 20000.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1279146677 |
Equity Shares |
Rs.10/- each |
Rs.
12791.466 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
12791.466 |
11680.355 |
11065.600 |
|
(b) Reserves & Surplus |
(30523.475) |
(30927.563) |
(27918.263) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
1487.708 |
|
Total
Shareholders’ Funds (1) + (2) |
(17732.009) |
(19247.208) |
(15364.955) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
13415.054 |
6641.810 |
6371.901 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
230.300 |
263.220 |
71.149 |
|
(d) long-term provisions |
1397.160 |
722.266 |
0.000 |
|
Total
Non-current Liabilities (3) |
15042.514 |
7627.296 |
6443.050 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2414.128 |
8875.366 |
3166.044 |
|
(b) Trade payables |
2266.230 |
1767.897 |
1845.845 |
|
(c) Other current liabilities |
30811.360 |
25232.516 |
17475.885 |
|
(d) Short-term provisions |
1476.337 |
1075.807 |
791.517 |
|
Total
Current Liabilities (4) |
36968.055 |
36951.586 |
23279.291 |
|
|
|
|
|
|
TOTAL |
34278.560 |
25331.674 |
14357.386 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
21935.689 |
12784.364 |
7626.003 |
|
(ii) Intangible Assets |
2635.531 |
2096.638 |
1724.670 |
|
(iii) Capital work-in-progress |
6032.593 |
8052.489 |
3146.787 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.953 |
1.953 |
1.953 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
788.021 |
499.049 |
362.080 |
|
(e) Other Non-current assets |
21.233 |
149.691 |
112.826 |
|
Total
Non-Current Assets |
31415.020 |
23584.184 |
12974.319 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
900.109 |
50.000 |
120.000 |
|
(b) Inventories |
68.273 |
55.639 |
10.869 |
|
(c) Trade receivables |
540.331 |
304.687 |
161.035 |
|
(d) Cash and cash equivalents |
105.092 |
58.732 |
151.877 |
|
(e) Short-term loans and
advances |
864.091 |
944.275 |
812.048 |
|
(f) Other current assets |
385.644 |
334.157 |
127.238 |
|
Total
Current Assets |
2863.540 |
1747.490 |
1383.067 |
|
|
|
|
|
|
TOTAL |
34278.560 |
25331.674 |
14357.386 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
30232.822 |
22864.733 |
17296.996 |
|
|
Other Income |
167.326 |
103.476 |
58.972 |
|
|
TOTAL
(A) |
30400.148 |
22968.209 |
17355.968 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1785.686 |
1624.295 |
1231.100 |
|
|
Employees benefits expense |
1633.836 |
1335.439 |
1161.478 |
|
|
Other expenses |
21067.812 |
17264.108 |
14479.288 |
|
|
TOTAL
(B) |
24487.334 |
20223.842 |
16871.866 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
5912.814 |
2744.367 |
484.102 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2078.781 |
1907.821 |
1723.184 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3834.033 |
836.546 |
(1239.082) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
6638.124 |
4625.872 |
1742.348 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(2804.091) |
(3789.326) |
(2981.430) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(2804.091) |
(3789.326) |
(2981.430) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(2.28) |
(3.25) |
(2.82) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(9.27) |
(16.57) |
(17.24) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
19.56 |
12.00 |
2.80 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(9.93) |
(21.93) |
(26.60) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.20 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(0.89) |
(0.81) |
(0.62) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.08 |
0.05 |
0.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
11065.600 |
11680.355 |
12791.466 |
|
Reserves & Surplus |
(27918.263) |
(30927.563) |
(30523.475) |
|
Issued, Subscribed & Paid-up Capital : |
1487.708 |
0.000 |
0.000 |
|
Net
worth |
(15364.955) |
(19247.208) |
(17732.009) |
|
|
|
|
|
|
long-term borrowings |
6371.901 |
6641.810 |
13415.054 |
|
Short term borrowings |
3166.044 |
8875.366 |
2414.128 |
|
Total
borrowings |
9537.945 |
15517.176 |
15829.182 |
|
Debt/Equity
ratio |
(0.621) |
(0.806) |
(0.893) |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17296.996 |
22864.733 |
30232.822 |
|
|
|
32.189 |
32.225 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
17296.996 |
22864.733 |
30232.822 |
|
Profit |
(2981.430) |
(3789.326) |
(2804.091) |
|
|
(17.24%) |
(16.57%) |
(9.27%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT = NOT AVAILABLE
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
LITIGATION DETAILS
|
LITIGATION DETAILS |
||||||||
|
Bench:- Bombay |
||||||||
|
Lodging No. : |
SL/97/2014 |
Failing Date:- |
07.02.2014 |
Reg. No. : |
S/266/2014 |
Reg. Date: |
24.03.2014 |
|
|
|
||||||||
|
Petitioner:- |
VARGOSOL LOGISTICS PRIVATE LIMITED |
Respondent:- |
TATA SKY LIMITED |
|||||
|
Petn.Adv:- |
MAHERNOSH J. HUMRANWALA (240) |
Resp. Adv.: |
KADAM AND COMPANY ADVOCATE S |
|||||
|
District:- |
MUMBAI |
|||||||
|
|
||||||||
|
Bench:- |
SINGLE |
Category:- |
MONETARY SUITS |
|||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR WRITTTEN STATEMENT |
|||||
|
Last Date:- |
12/12/2014 |
|
||||||
|
Last Coram:- |
REGISTRAR (OS) / PROTHONOTARY AND SR. MASTER. |
|||||||
|
Last Date :- |
28/08/2014 |
Stage :- |
FOR DIRECTION |
|||||
|
Act. : |
Code of Civil Procedure 1908 |
|||||||
Note:
Registered office of the company has been shifted from Army and Navy
Building, 148 Mahatma Gandhi Road,
Mumbai - 400001, Maharashtra, India to the Present Address
w.e.f.29.05.2006
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Tem loan From Banks |
4929.083 |
4510.208 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Term loan from banks |
852.814 |
3217.474 |
|
Loans repayable on demand from banks |
545.895 |
102.283 |
|
Loans and advances from related parties |
336.496 |
648.385 |
|
Working capital loans from bank |
13.524 |
1310.002 |
|
|
|
|
|
Total |
6677.811 |
9788.352 |
OPERATIONS
The DTH sector in India
is a six-player industry which has placed about 66 million connections (gross)
as of March 2014 (34.26 Million active as of September2013 Source TRAI). Tata
Sky with a gross add share of 30% for the year, maintained its leadership
position in the industry where 7.8 million fresh connections were added. The
company reported an active subscriber base of 7.8 million by the end of March
2014. The company converted nearly 2.5 million MPEG2 boxes to MPEG4 to release
additional capacity and launch in excess of 50 channels during the year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10461291 |
22/10/2013 |
3,500,000,000.00 |
IDBI Bank Limited |
IDBI TOWER WTC COMPLEX, CUFFE PARADE, MUMBAI, Maharashtra - 400005, INDIA |
B89987176 |
|
2 |
10454027 |
19/09/2013 |
2,000,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound,, Pandurang Budhkar Marg, Worli,, Mumbai, Maharashtra - 400025, INDIA |
B87051868 |
|
3 |
10418178 |
07/03/2013 |
1,600,000,000.00 |
Axis Trustee Services Limited |
Axis House, 2nd Flr, Bombay Dyeing Mills Compound,, Pandurang Budhkar Marg, Worli,, Mumbai, Maharashtra - 400025, INDIA |
B72069446 |
|
4 |
10152794 |
26/04/2013 * |
3,010,000,000.00 |
The Hongkong and Shanghai Banking Corporation Limited |
1st Floor, 16 Veer Nariman Road, Fort, Mumbai, Maharashtra - 400001, INDIA |
B75567784 |
|
5 |
10077688 |
24/05/2011 * |
2,500,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE
BESANT ROAD, WORLI,, MUMBAI, Maharashtra - |
B14382865 |
* Date of charge modification
FIXED ASSET
· Computer Equipment
· Office Equipment
· Plant and Machinery
· Broadcast Centre Equipments
· Customer Premises Equipment
· Furniture and Fixtures
· Vehicles
· Leasehold Improvements
· Computer Software
· Licenses and Franchise
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. 62.20 |
|
|
1 |
Rs. 97.80 |
|
Euro |
1 |
Rs. 77.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
48 |
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.