MIRA
INFORM REPORT
|
Report Date : |
25.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIANCE BIG ENTERTAINMENT PRIVATE LIMITED (w.e.f. 24.10.2007) |
|
|
|
|
Formerly Known
As : |
AAA INTERACTIVE MEDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
502, Plot No.91/94, Prabhat Colony, Santacruz (East), Mumbai – 400055,
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
21.03.2006 |
|
|
|
|
Com. Reg. No.: |
11-160603 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1030.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2006PTC160603 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA27683F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA6658L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Film Production, Distribution and Exhibition and
Broadcasting and Media Ventures. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 44000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a part of Reliance Anil Dhirubhai Ambani Group. It is having
a moderate track record. Financials of 2010-11, 2011-12 and 2012-13 are not available with us. As per previous, there appears some accumulated losses recorded by the
company. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be unknown. The company can be considered for business dealings with some 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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: BBB |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
17.05.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
17.05.2013 |
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
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Mr. Pradeep Jaiswal |
|
Designation : |
General Manager - Finance |
|
Contact No.: |
91-9322430673 |
|
Date : |
24.02.2014 |
LOCATIONS
|
Registered Office : |
502, Plot No.91/94, Prabhat Colony, Santacruz (East), Mumbai – 400055,
Maharashtra, India |
|
Tel. No.: |
91-22-30327974/ 30327200 |
|
Mobile No.: |
91-9322430673 (Mr. Pradeep Jaiswal) |
|
Fax No.: |
91-22-30327599/ 30327191 |
|
E-Mail : |
himanshu.g.agarwal@relainceada.com reliancebigentertainmentpl@gmail.com
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
49/50, Maruti Chambers, 6th Floor, |
|
Tel. No.: |
91-22-30665111/ 30664777 |
|
Fax No.: |
91-22-30664778 |
|
Location : |
Owned |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mrs. Tina Anil Ambani |
|
Designation : |
Director |
|
Address : |
39, Swawind, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India
|
|
Date of Birth/Age : |
11.02.1958 |
|
Date of Appointment : |
21.03.2006 |
|
DIN No.: |
00297064 |
|
|
|
|
Name : |
Mr. Hasit Navinchandra Shukla |
|
Designation : |
Director |
|
Address : |
403, Sabita Society, 16th Road, Bandra (West), Mumbai – 400
050, Maharashtra, India |
|
Date of Birth/Age : |
28.08.1962 |
|
Date of Appointment : |
21.03.2006 |
|
DIN No.: |
00004549 |
|
|
|
|
Name : |
Mr. Venkata Rao Ponnada |
|
Designation : |
Director |
|
Address : |
Flat No.602, Tower No.2, Sea Breeze To Wers, Sector 16, Nerul, Navi
Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
25.01.1955 |
|
Date of Appointment : |
06.07.2011 |
|
DIN No.: |
01503467 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Kumar Dubey |
|
Designation : |
Company Secretary |
|
Address : |
Flat No.B-107, Sagar Sangam, Sector - 1, Koparkhairne, Navi Mumbai –
400709, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1974 |
|
Date of Appointment : |
02.01.2008 |
|
PAN No.: |
AEYPD7712E |
|
|
|
|
Name : |
Mr. Pradeep Jaiswal |
|
Designation : |
General Manager - Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Anil D. Ambani Jointly with AAA Entertainment Private Limited, |
|
10 |
|
AAA Entertainment Private Limited, |
|
101999990 |
|
Total |
|
102000000 |
|
|
||
|
Names of Shareholders (Preferences Shares) |
|
No. of Shares |
|
Reliance Capital Limited, |
|
10000000 |
|
Reliance Capital Limited, |
|
3815500 |
|
AAA Entertainment Private Limited, |
|
5000000 |
|
Total |
|
18815500 |
(AS ON 05.03.2012)
|
Names of Allottee (Equity Shares) |
|
No. of Shares Allotted |
|
|
|
|
|
AAA Entertainment Private Limited, |
|
500000 |
|
Total |
|
500000 |
(AS ON 30.03.2012)
|
Names of Allottee (Preference
Shares) |
|
No. of Shares Allotted |
|
|
|
|
|
Reliance Capital Limited, |
|
113000 |
|
Total |
|
113000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
Bodies
corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Film Production, Distribution and Exhibition and
Broadcasting and Media Ventures. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Central Bank of India Industrial
Finance Branch, Ground Floor, Chander Mukhi, Nariman Point, Mumbai – 400 021,
Maharashtra, India (Contact No.: 91-22-66361900) ·
IDBI Bank Limited IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India. ·
Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai – 400 018, Maharashtra, India (Contact No.:
91-22-66699000) ·
Indian
Overseas Bank 763, Anna Salai
Marg, Chennai – 600 002, Tamilnadu, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
Notes: In terms of the approval of the shareholders obtained at the
Extraordinary General Meeting of the Company held on October 30, 2009, the Company
has reclassified the Authorized Share Capital from Rs.1500.000 Millions
(150000000 Equity Shares of Re.10/- each) to Rs.1500.000 Millions
(14,00110000 Equity Shares of Rs.10/- each and 100000000 Preference Shares of
Re.1/- each). All the above Equity Shares are held by the holding company i.e. AAA
Entertainment Private Limited and its nominees. 12% Non Cumulative Convertible Redeemable Preference Shores (NCCRPS)
of Re.1/- each are redeemable at redemption price after 5 years from the date
of allotment i.e. November 16, 2009. At the option of the holder of NCCRPS,
the NCCRPS can be redeemed, at issue price, any time after the date of
allotment by giving not less than 2 months advance notice to the Company. Loan from Banks - Credit facilities given above includes: a) Line of credit (LOC) facility secured by a first charge by way of
hypothecation in favour of all movable properties, tangible or intangible
pertaining to the films produced under LOC. b) Rs.10.000 Millions (Previous Year: Rs.424.553 Millions) is payable
within one year, c) Rs. Nil/- (Previous Year: Rs.5.921 Millions) Interest accrued
thereon. Loan from Banks –Short Term Loan given above Includes: a) Short Term loans referred above are secured by 10% cash margin of the
amount drawn in the form of Placid Deposit under lien. b) Rs.315.000 Millions (Previous Year: Rs. Nil) is payable within one
year. c) Rs. Nil/- (Previous Year: Rs. Nil) interest accrued thereon. In respect of Unsecured Loan Rs.1118.350 Millions (Previous Year:
Rs.1121.661 Millions) payable within one year. |
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· Reliance Capital Limited "H"
Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne,
Navi Mumbai – 400 710, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Pathak H.D. and Associates Chartered Accountants |
|
Address : |
709, Tulsiani Chambers, 212, Nariman Point, Mumbai – 400 021, Maharashtra, India |
|
Tel. No.: |
91-22-30228508 |
|
PAN
No.: |
AAAFP1031C |
|
|
|
|
Holding Company : |
AAA Entertainment Private Limited, India (CIN No.: U64201MH20072007PTC168608) |
|
|
|
|
Ultimate Holding Company: |
· Reliance Innoventures Private Limited (Since July 28, 2009) |
|
|
|
|
Associates : |
· Reliance BIG Entertainment Partners · Reliance BIG Entertainment (US) Inc. (Since May 15, 2009) |
|
|
|
|
Joint Venture : |
· Magic Lantern Films Private Limited (Upto April 01, 2009) · Dremworks II Holding Co. LLC (Formerly Amblin/ Reliance Holding Co. LLC) |
|
|
|
|
Subsidiaries : |
· AAA Digital Imaging private Limited (Upto May 4, 2009)
· AAA Infrastructure Solutions Private Limited · BIG Flicks Private Limited (CIN No.: U92120MH2007PTC168172) · RCap Meditainment Ventures Private Limited (Upto July 23, 2009) · Jump Games Private Limited (CIN
No.: U74140MH2006PTC162872)
·
ND’s Art World Private Limited (CIN No.: U74999MH2002PTC138153)
· Reliance Big Broadcasting Private Limited (CIN No.: U65990MH2006PTC160747) · Reliance Big News Private Limited (CIN No.: U65990MH2006PTC160642)
·
Reliance Entertainment Venture Private Limited (CIN No.: U99999MH2000PTC128397)
· Zapak Digital Entertainment Limited (CIN
No.: U99999MH2005PLC158036)
· Reliance Big Entertainment (Singapore) Pte. Limited · Talent House Entertainment Private Limited (CIN No.: U51900MH2006PTC160588) · BIG Animation (India) Private Limited (CIN No.: U92113KA2005PTC036818) |
CAPITAL STRUCTURE
(AFTER 30.09.2011)
Authorised Capital: Rs.1500.000 Millions
Issued, Subscribed & Paid-up Capital: Rs.1038.929
Millions
(AS ON 30.09.2011)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
140000000 |
Equity Shares |
Rs.10/- each |
Rs.1400.000 Millions |
|
100000000 |
Preference Shares |
Re.1/- each |
Rs.100.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1500.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
102000000 |
Equity Shares |
Rs.10/- each |
Rs.1020.000 Millions |
|
18815500 |
Preference Shares |
Re.1/- each |
Rs.18.816 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1038.816 Millions |
(AS ON 31.03.2010)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
140000000 |
Equity Shares |
Rs.10/- each |
Rs.1400.000 millions |
|
100000000 |
Preference Shares |
Re.1/- each |
Rs.100.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs.1500.000
millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
102000000 |
Equity Shares |
Rs.10/- each |
Rs.1020.000 Millions |
|
10000000 |
12% Non-Cumulative Convertible
Redeemable Preference Shares |
Re.1/- each |
Rs.10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1030.000 Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1030.000 |
1020.000 |
1000.000 |
|
|
2] Share Application Money |
2889.100 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11970.000 |
1980.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(4781.015) |
(3086.290) |
(323.897) |
|
|
NETWORTH |
11108.085 |
(86.290) |
676.103 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
325.000 |
528.902 |
0.000 |
|
|
2] Unsecured Loans |
1118.350 |
1121.661 |
3097.763 |
|
|
TOTAL BORROWING |
1443.350 |
1650.563 |
3097.763 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12551.435 |
1564.273 |
3773.866 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
401.497 |
238.047 |
107.499 |
|
|
Capital work-in-progress |
9.054 |
3.540 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1442.935 |
1647.784 |
597.365 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5961.642
|
5642.838
|
1079.209 |
|
|
Sundry Debtors |
201.486
|
209.753
|
48.468 |
|
|
Cash & Bank Balances |
135.968
|
272.027
|
48.877 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
7505.757
|
6406.812
|
2134.465 |
|
Total
Current Assets |
13804.853
|
12531.430 |
3311.019 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
1422.569
|
2140.777 |
|
|
|
Other Current Liabilities |
1658.984
|
10684.432
|
|
|
|
Provisions |
25.351
|
31.319
|
25.295 |
|
Total
Current Liabilities |
3106.904
|
12856.528
|
242.017 |
|
|
Net Current Assets |
10697.949
|
(325.098)
|
3069.002 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12551.435 |
1564.273 |
3773.866 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1131.044 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
2594.168 |
1131.044 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
3884.437 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
4288.893 |
3884.437 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
(1694.725) |
(2753.393) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.000 |
9.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
(1694.725) |
(2762.393) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
|
(3086.290) |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
(4781.015) |
(3086.290) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
License Fees for Distribution of Films and Other Rights |
|
7.629 |
20.515 |
|
|
|
Sales Income |
|
377.991 |
6.519 |
|
|
TOTAL EARNINGS |
|
385.620 |
27.034 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods- Digital Video Discs and Packaging Materials |
|
7.435 |
29.804 |
|
|
TOTAL IMPORTS |
|
7.435 |
29.804 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
(16.61) |
(27.09) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(65.33)
|
(244.23) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.93)
|
(21.56) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.15)
|
31.91 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.13
|
(19.13)
|
4.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.44
|
0.97
|
13.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1,000.000 |
1,020.000 |
1,030.000 |
|
Reserves & Surplus |
0.000 |
1,980.000 |
11,970.000 |
|
Share Application Money |
0.000 |
0.000 |
2,889.100 |
|
(Accumulated Losses) |
-323.897 |
-3,086.290 |
-4,781.015 |
|
Net worth |
676.103 |
-86.290 |
11,108.085 |
|
|
|
|
|
|
Secured Loans |
0.000 |
528.902 |
325.000 |
|
Unsecured Loans |
3,097.763 |
1,121.661 |
1,118.350 |
|
Total borrowings |
3,097.763 |
1,650.563 |
1,443.350 |
|
Debt/Equity ratio |
4.582 |
-19.128 |
0.130 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2009 |
31.03.2010 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
|
1,131.044 |
2,594.168 |
|
|
|
|
129.360 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2009 |
31.03.2010 |
|
|
|
(INR) |
(INR) |
|
Total Income |
|
1,131.044 |
2,594.168 |
|
Profit |
|
(2,762.393) |
1,694.725 |
|
|
|
(244.23%) |
65.33% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM BORROWINGS DETAIL: 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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
CASE DETAILS
BENCH:-BOMBAY
|
Presentation Date:- |
30.09.2013 |
||||
|
Lodging No.:- |
SL/87/2013 |
Filing Date:- |
30.09.2013 |
|
|
|
Petitioner:- Goldmines Telefilms Private Limited |
Respondent:- Reliance Big Entertainment Private Limited |
|
|
|
|
Petn. Adv.:- Kalpesh Joshi (I2553) |
Resp. Adv.: Sandeep V. Marne (Deft. 2) |
|
District:- |
MUMBAI |
|
Bench:- |
SINGLE |
|
|
|
Status:- |
Pre-Admission |
Category:- |
Monetary Suits |
|
Next Date: |
04.03.2014 |
Stage: |
For Rejection (Original Side Matters) |
|
Coram: |
Registrar (OS)/ Prothonotary and Sr.
Master |
|
|
|
|
|
|
|
|
Act: |
Code of Civil Procedure 1908 |
|
|
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
Particulars |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
|
|
From Body Corporate |
1110.900 |
1110.900 |
|
Security Deposits |
7.450 |
10.761 |
|
|
|
|
|
Total |
1118.350 |
1121.661 |
OPERATIONS
The Company’s operations are divided mainly into six
divisions - Reliance BIG Pictures, Reliance BIG Music, Reliance BIG Home Video,
Big Adda, BIG Production, BIG Street.
Reliance BIG Pictures produces acquires and distributes films.
Reliance BIG Pictures has built a formidable Indian film production slate in
Hindi and several other Indian languages and markets and distributes them
worldwide. Apart from Indian films, Reliance BIG Pictures has also tied up with
key talent in Hollywood for developing scripts and subsequently production of
English films.
Reliance BIG Music has emerged as a dominant player in the
Indian Music Industry. Apart from the traditional physical delivery platforms,
Reliance BIG Music leverages digital platforms, such as the Internet,
Reliance BIG Home Video has gained its entry and stronghold
in the robust Home Video Industry in
BIGADDA is the largest and the fastest growing web and
mobile Indian social networking site. BIGADDA enables networking based on
Individuals (Friends and Friends of Friends) and Interests (self-expression by
Create - Upload - Share of Videos, Photos, and Music.)
BIG Street is Company’s Out-of-Home initiative. In a very
short span of time BIG Street has acquired media rights in several cities
across the country. BIG Street markets these sites to various advertisers,
advertising agencies and business retailers. Currently, BIG Street is
strategically positioned in eight cities, spread across
BIG Production is Company’s TV content segment. It produces
TV content in multi languages and multi geographies for TV channels like Star
One, Star Pravah, ETV Gujarati, etc. It produces serials in all kinds of genres
like drama, comedy, horror, etc.
The Company has entered into contracts in the areas of its
business. While benefits from such contracts will accrue in the futures years,
their progress is periodically reviewed.
BUSINESS
The Company has disclosed Business Segment as the primary segment, based on which two of its divisions - Reliance BIG Pictures and Reliance BIG Home Video (formerly BIG Music and Home Entertainment). These divisions have been identified as a reportable business segment as per requirement of Accounting Standard (AS17), after taking into account the nature of the business, the differing risks and returns, the organisation structure and internal reporting system.
BIG Pictures division comprise of production and sales of motion picture films, distribution of films and sale of rights. BIG Home Video division comprise of marketing of Music Cassettes, Audio Compact Discs, Video Compact Discs, Digital Video Discs and dealing with related music and video rights. Others include BIG Adda, BIG Maps, BIG Street, Reliance Big Music and BIG Productions.
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
|
|
Claims against the company not acknowledged as debts |
-- |
-- |
|
Guarantees to Banks and financial institution on behalf of third
parties |
7959.600 |
-- |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
ADDRESS |
Service Request
Number (SRN) |
|
1 |
10442758 |
19/07/2013 |
360,000,000.00 |
RELIANCE CAPITAL
LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B81966376 |
|
2 |
10446561 |
09/07/2013 |
340,000,000.00 |
RELIANCE CAPITAL
LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B83783191 |
|
3 |
10443217 |
25/06/2013 |
400,000,000.00 |
RELIANCE CAPITAL
LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B82206590 |
|
4 |
10399259 |
25/12/2012 |
1,000,000,000.00 |
RELIANCE CAPITAL
LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B66562299 |
|
5 |
10396964 |
05/12/2012 |
280,000,000.00 |
INDIAN OVERSEAS
BANK |
763 ANNA SALAI
MARG, CHENNAI, TAMIL NADU - 600002, |
B65882201 |
|
6 |
10385011 |
11/10/2012 |
155,000,000.00 |
RELIANCE CAPITAL
LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B61573028 |
|
7 |
10382762 |
28/09/2012 |
357,500,000.00 |
RELIANCE CAPITAL
LTD |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
B60556198 |
|
8 |
10374744 |
18/07/2012 |
288,800,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B57383275 |
|
9 |
10336983 |
31/01/2012 |
500,000,000.00 |
Central Bank of
India |
INDUSTRIAL FINANCE
BRANCH,GROUND FLOOR, CHANDER MUKHI, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B32717878 |
|
10 |
10336994 |
31/01/2012 |
400,000,000.00 |
Central Bank of
India |
INDUSTRIAL FINANCE
BRANCH,GROUND FLOOR, CHANDER MUKHI, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B32721250 |
FIXED ASSETS
Tangible Assets
· Computers
· Office Equipment
· Furniture and Fixtures
· Vehicles
· Leasehold Improvements
Intangible Assets
· Technical Knowhow/ Goodwill
· Copyrights
· 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 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.62.12 |
|
|
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.32 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.