MIRA
INFORM REPORT
|
Report Date : |
11.02.2014 |
NOTE: Given address could not be confirmed.
IDENTIFICATION DETAILS
|
Name : |
SVG MEDIA PRIVATE LIMITED [w.e.f. 28.12.2012] |
|
|
|
|
Formerly Known
As : |
TYRO MEDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-119, Lajpat Nagar-1, New Delhi-110024 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.05.2007 |
|
|
|
|
Com. Reg. No.: |
55-163788 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.196
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45400DL2007PTC163788 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is into Online Advertisement
Portal. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 569400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Networth of the company is good. No borrowings recorded by the company. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for normal 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
D-119, Lajpat Nagar-1, New Delhi-110024, India |
|
Tel. No.: |
91-11-30836200 |
|
Fax No.: |
91-11-29240254 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Plot 7C, Sector 18, Maruti Industrial Area, Huda, Gurgaon-122015,
Haryana, India |
|
Tel. No.: |
91-124-4909400 |
DIRECTORS
AS ON 26.09.2013
|
Name : |
Mr. Harish Bahl |
|
Designation : |
Director |
|
Address : |
D-119, Lajpat Nagar-1, New Delhi-110024, India |
|
Date of Birth/Age : |
17.01.1972 |
|
Date of Appointment : |
22.05.2007 |
|
Din No.: |
00587997 |
|
|
|
|
Name : |
Mr. David Russell Gowdey |
|
Designation : |
Director |
|
Address : |
130, Tanjong RHU Road, # 08-04, Singapore Pin Code 436918 |
|
Date of Birth/Age : |
29.05.1971 |
|
Date of Appointment : |
28.09.2011 |
|
Din No.: |
02321142 |
|
|
|
|
Name : |
Mr. Manish Vij |
|
Designation : |
Director |
|
Address : |
58, Triveni Apartment, A-6, Paschim Vihar, New Delhi-110063, India |
|
Date of Birth/Age : |
20.04.1978 |
|
Date of Appointment : |
22.05.2007 |
|
Din No.: |
00909461 |
|
|
|
|
Name : |
Ettore Leale |
|
Designation : |
Director |
|
Address : |
3352, Clay ST San Francisco, United States of America, Pin Code 94118 |
|
Date of Birth/Age : |
04.12.1967 |
|
Date of Appointment : |
10.07.2012 |
|
Din No.: |
05125114 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2013
|
Names of Shareholders |
No. of Equity Shares |
No. of Preferences
Shares |
|
Harish Bahl |
10 |
-- |
|
Smile Multimedia Private Limited, India |
99990 |
-- |
|
Aditya Khanna |
6536 |
-- |
|
Xplorer Capital Mauritius II, Mauritius |
-- |
96080 |
|
|
|
|
|
TOTAL
|
106536 |
96080 |
AS ON 26.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
47.42 |
|
Bodies
corporate |
|
49.35 |
|
Directors
or relatives of directors |
|
0.01 |
|
Other
top fifty shareholders |
|
3.22 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is into Online Advertisement
Portal. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
J C Bhalla and Company Chartered Accountants |
|
Address : |
B-5, Sector 6, Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4241000 |
|
Fax No.: |
91-120-4241007 |
|
PAN No: |
AAAFJ3258M |
|
|
|
|
Holding Company : |
Smile Multimedia Private Limited |
|
|
|
|
Other Related Parties : |
·
Quasar Media Private Limited ·
WannaMo Marketing Private Limited ·
Goldsquare Sales India Private Limited ·
Smile Sales Private Limited ·
Digitail Management Services Private Limited ·
Vun Digital Private Limited ·
Smile Online Sales Services Private Limited ·
Freeculture Apparels Private Limited ·
Smile Travel Solutions Private Limited ·
Reindeer Software Solutions Private Limited |
CAPITAL STRUCTURE
AS ON 26.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Re.1/- each |
Rs.0.400 Million |
|
100000 |
Preferences Shares |
Re.1/- each |
Rs.0.100 Million |
|
|
TOTAL
|
|
Rs.0.500 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
106536 |
Equity Shares |
Re.1/- each |
Rs.0.107
Million |
|
96080 |
Preferences Shares |
Re.1/- each |
Rs.0.096
Million |
|
|
TOTAL |
|
Rs.0.203 Million |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
Rs.10/- each |
Rs.0.400 Million |
|
10000 |
Preferences Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
TOTAL
|
|
Rs.0.500 Million
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
9608 |
Preferences Shares |
Rs.10/- each |
Rs.0.096
Million |
|
|
TOTAL |
|
Rs.0.196 Million |
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 |
0.196 |
0.196 |
0.196 |
|
(b) Reserves & Surplus |
142.168 |
122.228 |
105.072 |
|
(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) |
142.364 |
122.424 |
105.268 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.859 |
1.412 |
0.411 |
|
Total Non-current
Liabilities (3) |
1.859 |
1.412 |
0.411 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
63.965 |
45.663 |
34.634 |
|
(c)
Other current liabilities |
5.725 |
6.568 |
8.673 |
|
(d) Short-term
provisions |
38.553 |
51.947 |
1.007 |
|
Total Current
Liabilities (4) |
108.243 |
104.178 |
44.314 |
|
|
|
|
|
|
TOTAL |
252.466 |
228.014 |
149.993 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1.845 |
1.242 |
0.779 |
|
(ii)
Intangible Assets |
0.817 |
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 |
15.470 |
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.772 |
0.366 |
(0.095) |
|
(d) Long-term Loan and Advances |
25.597 |
17.504 |
2.904 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
44.501 |
19.112 |
3.588 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
50.396 |
24.895 |
76.965 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c)
Trade receivables |
121.904 |
143.357 |
47.671 |
|
(d) Cash
and cash equivalents |
21.346 |
29.133 |
10.020 |
|
(e)
Short-term loans and advances |
12.575 |
9.613 |
10.364 |
|
(f)
Other current assets |
1.744 |
1.904 |
1.385 |
|
Total
Current Assets |
207.965 |
208.902 |
146.405 |
|
|
|
|
|
|
TOTAL |
252.466 |
228.014 |
149.993 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
353.081 |
293.490 |
|
|
|
|
Other Income |
4.647 |
4.965 |
|
|
|
|
TOTAL |
357.728 |
298.455 |
120.306 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
338.194 |
281.761 |
115.308 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX |
19.534 |
16.694 |
4.998 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.406) |
(0.461) |
0.094 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX |
19.940 |
17.155 |
4.904 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Service Income |
4.183 |
5.526 |
NA |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
101.70 |
874.93 |
250.11 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
5.57
|
5.75 |
4.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.53
|
5.69 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.27
|
7.33 |
3.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.14 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.92
|
2.00 |
3.30 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
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 |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY.
COMPANY INFORMATION:
Subject is a private limited company domiciled
in India. The company is into Online Advertisement Portal.
FIXED ASSETS:
·
Computer
·
Furniture and Fixtures
·
Office Equipments
·
Computer Software
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 records 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] 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.62.19 |
|
|
1 |
Rs.102.14 |
|
Euro |
1 |
Rs.84.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.