MIRA
INFORM REPORT
|
Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIACOM 18 MEDIA
PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
Mtv networks India private limited (w.e.f.
21.03.1996) PJ entertainment private limited |
|
|
|
|
Registered
Office : |
Zion Bizworld, Subhash Road – A, Vile Parle (East), Mumbai – 400057,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.12.1995 |
|
|
|
|
Com. Reg. No.: |
11-095508 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.955.376 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92100MH1995PTC095508 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMM10374A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM9164E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged
in the business of broadcasting, distributing, producing audiovisual
programs, marketing and selling commercial advertising on channels' Colors,
MTV, Nickelodeon, Sonic, VH1 and Comedy Central. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 25995000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a subsidiary of “TV18 BROADCAST LIMITED”, INDIA. It is an established
company having satisfactory track record. The company has incurred losses from is operational activates during
financial year 2013. However, the rating takes into consideration managerial and financial
support that company receives from its parent company support by diversified
entertainment content offerings and sound liquidity position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of strong holding support, the company can be considered for
business dealings at usual trade terms and condition. |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and January
of 2013/14 which has seen some signs of recovery according to a Care Ratings
report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Facilities: A- |
|
Rating Explanation |
Adequate degree of safety low credit risk. |
|
Date |
December 31, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Facilities: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
December 31, 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 PARTED BY
|
Name : |
Mr. Saumitra Deva |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-9820734473 |
|
Date : |
08.05.2014 |
LOCATIONS
|
Registered Office : |
Zion Bizworld, Subhash Road – A, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
|
Tel. No.: |
91-22-66622424/ 43412424/ 42581818 |
|
Mobile No.: |
91-9820734473 (Mr. Saumitra Deva) |
|
Fax No.: |
91-22-66547720/
42581890/ 91 |
|
E-Mail : |
sujeet.jain@viacom18.com aabid.co@gmail.com |
|
Website : |
http://www.viacom18.com |
|
Location : |
Leased |
DIRECTORS
As on 31.08.2013
|
Name : |
Mr. Raghav Bahl |
|
Designation : |
Director |
|
Address : |
E-36, Sector – 30, Noida – 201301, |
|
Date of Birth/Age : |
02.01.1961 |
|
Date of Appointment : |
06.11.2007 |
|
DIN No.: |
00015280 |
|
|
|
|
Name : |
Mr. Robert Marc Bakish |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
14.12.1963 |
|
Date of Appointment : |
20.03.2007 |
|
DIN No.: |
02069095 |
|
|
|
|
Name : |
Mr. Wade Cullen Davis |
|
Designation : |
Director |
|
Address : |
464, |
|
Date of Birth/Age : |
06.03.1972 |
|
Date of Appointment : |
07.08.2007 |
|
DIN No.: |
02157793 |
|
|
|
|
Name : |
Mr. Paul Jerome Rourke |
|
Designation : |
Director |
|
Address : |
8, Pemne Lane, Cranbury NJ,08512, USA |
|
Date of Birth/Age : |
26.07.1963 |
|
Date of Appointment : |
13.06.2012 |
|
DIN No.: |
05144789 |
|
|
|
|
Name : |
Mr. Saikumar Ganapathy Balasubramanian |
|
Designation : |
Director |
|
Address : |
Flat No. 11, B-Wing, 6th Floor, Sunset Heights, 59 Pall
Hill, Mumbai – 400050, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1974 |
|
Date of Appointment : |
13.06.2012 |
|
DIN No.: |
01772191 |
|
|
|
|
Name : |
Mr. Sarbvir Singh |
|
Designation : |
Director |
|
Address : |
House 46, Sector 37, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
27.09.1971 |
|
Date of Appointment : |
13.06.2012 |
|
DIN No.: |
00509959 |
KEY EXECUTIVES
|
Name : |
Mr. Sujeet Veerchand Jain |
|
Designation : |
Secretary |
|
Address : |
1303, Tower 1, Raheja Tipco Heights CHS, Rani Sati Marg, Malad (East),
Mumbai-400097, Maharashtra, India |
|
Date of Birth/Age : |
04.08.1973 |
|
Date of Appointment : |
21.02.2008 |
|
PAN No.: |
AAWPJ4965H |
|
|
|
|
Name : |
Mr. Saumitra Deva |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.08.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
MTV Asia Ventures (India) Pte Limited, Mauritius |
47768791 |
50.00 |
|
TV18 Broadcast Limited, India |
47768791 |
50.00 |
|
|
|
|
|
Total |
95537582 |
100.00 |
As on 31.08.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of broadcasting, distributing,
producing audiovisual programs, marketing and selling commercial advertising on
channels' Colors, MTV, Nickelodeon, Sonic, VH1 and Comedy Central. |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
Customers : |
Others |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
· ING Vysya Bank Limited 22, M.G. Road, Bangalore – 560001, Karnataka, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India · Axis Bank Limited · Central Bank of India · Union Bank of India, 239, Vidhan Bhavan Marg, Union Bank Bhavan, 1st Floor, Nariman Point, Mumbai – 400021, Maharashtra, India |
||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252 Veer Savarkar Marg, |
|
PAN
No. : |
ADEPG6306N |
|
|
|
|
Joint Venture Partner Companies: |
² MTV Asia Ventures
(India) Pte. Limited, Mauritius [50% Shareholder] ² TV18 Broadcast
Limited [50% Shareholder] |
|
|
|
|
Ultimate Holding Companies of JointVenture
Partner Companies: |
² Viacom Inc. ² Network18
Mediaand Investments Limited |
|
|
|
|
Subsidiary Companies: |
² Viacom18 US Inc ² Viacom18 Media
(UK) Limited ² Roptonal
Limited, Cyprus ² The Indian Film
Company Limited ² The Indian Film
Company (Cyprus) Limited |
|
|
|
|
Other Related Parties with whom transactions have
taken place during the current year/previous year: |
² Viacom
International Inc. ² MTV Asia LDC,
Singapore ² MTV Networks
International ² MTV Networks
B.V., Netherlands ² MTV Network New
York ² MTV Networks
Europe ² Viacom Media
Networks ² Nickelodeon Asia
Holdings Pte. Limited, Singapore ² Nickelodeon
India Private Limited ² Paramount
Pictures Global, Division of Viacom Global (Netherlands) B.V. ² AETN 18 Media
Private Limited ² Network 18
Publications Limited ² TV 18 Home
Shopping Network Limited ² E18, Division of
Network18 Media and Investments Limited ² Web18, Division
of Network18 Media and Investments Limited ² Network18 Media
and Investments Limited, Publishing Division ² Digital 18 Media
Limited ² India Cast Media
Distribution Private Limited ² Colosceum Media
Private Limited ² GreyCells18
Media Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
165000000 |
Equity Shares |
Rs.10/- each |
Rs.1650.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95537582 |
Equity Shares |
Rs.10/- each |
Rs.955.376 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 |
955.380 |
955.380 |
1283.700 |
|
(b) Reserves & Surplus |
5543.560 |
6564.040 |
5977.410 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
3.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
640.200 |
|
Total
Shareholders’ Funds (1) + (2) |
6498.940 |
7519.420 |
7904.310 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1900.000 |
1980.000 |
2000.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
1900.000 |
1980.000 |
2000.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4220.720 |
3044.430 |
3008.860 |
|
(b) Trade payables |
4980.860 |
4323.400 |
3622.960 |
|
(c) Other current
liabilities |
719.060 |
692.520 |
773.890 |
|
(d) Short-term provisions |
23.740 |
20.340 |
15.360 |
|
Total Current Liabilities (4) |
9944.380 |
8080.690 |
7421.070 |
|
|
|
|
|
|
TOTAL |
18343.320 |
17580.110 |
17325.380 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
290.970 |
379.730 |
129.490 |
|
(ii) Intangible Assets |
13.530 |
10.620 |
13.500 |
|
(iii) Capital
work-in-progress |
42.810 |
41.730 |
1.080 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3653.370 |
3664.450 |
4546.930 |
|
(c) Deferred tax assets (net) |
0.000 |
64.520 |
120.000 |
|
(d) Long-term Loan and Advances |
1858.290 |
1489.180 |
334.070 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
5858.970 |
5650.230 |
5145.070 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
5567.160 |
5667.310 |
4104.740 |
|
(c) Trade receivables |
4189.270 |
4810.600 |
4013.140 |
|
(d) Cash and cash
equivalents |
1302.370 |
525.220 |
3010.250 |
|
(e) Short-term loans and
advances |
1081.500 |
724.470 |
1050.580 |
|
(f) Other current assets |
344.050 |
202.280 |
1.600 |
|
Total Current Assets |
12484.350 |
11929.880 |
12180.310 |
|
|
|
|
|
|
TOTAL |
18343.320 |
17580.110 |
17325.380 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
GROSS INCOME |
15832.890 |
15019.310 |
11053.860 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
LOSS BEFORE TAX, DEPRECIATION AND AMORTISATION |
(32.310) |
(1004.080) |
1089.190 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
144.820 |
82.850 |
81.090 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE EXCEPTIONAL ITEMS AND TAXES |
(177.130) |
(1086.930) |
1008.100 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS: PROVISION FOR
DIMINUTION IN THE VALUE OF INVESTMENT |
11.080 |
882.490 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX |
(188.210) |
(1969.420) |
1008.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
221.300 |
55.480 |
84.780 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
AFTER TAX |
(409.510) |
(2024.900) |
923.320 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(4704.480) |
(2679.480) |
(3602.800) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(2903.950) |
(4704.380) |
(2679.480) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1057.130 |
604.800 |
375.770 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(4.29) |
21.19 |
13.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(2.59) |
(13.48) |
8.35 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.19) |
(13.11) |
9.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.28) |
(14.26) |
7.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03) |
(0.26) |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.94 |
0.67 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.48 |
1.64 |
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 |
1283.700 |
955.380 |
955.380 |
|
Reserves & Surplus |
5977.410 |
6564.040 |
5543.560 |
|
Money received against share
warrants |
3.000 |
0.000 |
0.000 |
|
Share Application money pending
allotment |
640.200 |
0.000 |
0.000 |
|
Net
worth |
7904.310 |
7519.420 |
6498.940 |
|
|
|
|
|
|
long-term borrowings |
2000.000 |
1980.000 |
1900.000 |
|
Short term borrowings |
3008.860 |
3044.430 |
4220.720 |
|
Total
borrowings |
5008.860 |
5024.430 |
6120.720 |
|
Debt/Equity
ratio |
0.634 |
0.668 |
0.942 |
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) |
|
Gross Income |
11053.860 |
15019.310 |
15832.890 |
|
|
|
35.874 |
5.417 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Income |
11053.860 |
15019.310 |
15832.890 |
|
Profit |
923.320 |
(2024.900) |
(409.510) |
|
|
8.35% |
(13.48%) |
(2.59%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
80.000 |
20.000 |
0.000 |
|
|
|
|
|
|
Total |
80.000 |
20.000 |
0.000 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
Yes |
|
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 |
NOTE:
The Registered office of the company has been
shifted from 36-B, Dr. R. K. Shirodkar Road, Parel, Mumbai – 400012,
Maharashtra, India to the present address w.e.f. 06.02.2012.
LITIGATION DETAILS
|
HIGH COURT OF
BOMBAY |
|
CASE DETAILS BENCH: BOMBAY |
|
Lodging No.:- ITXAL/1039/2012 Filing
Date:- 12.07.2012 Reg. No.:- ITXA/1054/2012 Reg.
Date:- 17.09.2012 |
|
Petitioner: DIRECTOR OF INCOME TAX- (IT)-II, Respondent: MTV ASIA
LDC, C/O. VIACOM 18 MEDIA
PRIVATE LIMITED Petn. Adv : TEJVEER SINGH (0) Resp.
Adv. :-J. SAGAR ASSOCIATES (0) District: MUMBAI |
|
Bench: DIVISION Status: Pre-Admission
Category: TAX APPEAL Last Date: 8.07.2014
Stage: FOR ADMISSION Coram: HON’BLE SHRI JUSTICE S.C.
DHARMADHIKARI |
|
Act: Income Tax Act, 1961 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
464.370 |
3.160 |
|
|
|
|
|
Total |
464.370 |
3.160 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10325624 |
05/12/2011 |
1,600,000,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE,
AHMEDABAD, Gujarat - 380006, INDIA |
B28801538 |
|
2 |
10325727 |
06/02/2013 * |
1,250,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL,GROUND FLOOR,SHOP NO. G1 TO G5, I FLOOR, SHOP NO.1001 TO
1007, BARAKHAMBA ROAD, NEW DELHI, Delhi - 110001, INDIA |
B69678506 |
|
3 |
10279582 |
21/03/2011 |
4,000,000,000.00 |
Central Bank of India |
Industrial Finance Branch, Chander Mukhi, Ground |
B10404622 |
|
4 |
10157647 |
31/12/2010 * |
1,500,000,000.00 |
Union Bank of India |
239, Vidhan Bhavan Marg, Union Bank Bhavan, Ist |
B04127866 |
|
5 |
10129505 |
04/07/2013 * |
2,000,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B80011620 |
* Date of charge modification
OPERATIONS AND PROSPECTS
During the year, the Company launched Nickelodeon channel which has two branded blocks namely, 'Nick Jr.' and 'Teen Nick'. The name of channel Nickelodeon' was subsequently changed to represent the blocks as 'Nick Jr./Teen Nick'.
Effective April 1, 2013, the Company has entered into a joint venture ("JV") with TV18 Broadcast Limited through India Cast Media Distribution Private Limited ("India Cast") to create India Cast, India's first multi-platform content asset monetization' entity to drive domestic and international channel distribution, placement services and content syndication for TV18 and Viacom18, wherein, all content assets will be consolidated for monetization across all media.
India Cast will act as an aggregator and distributor of channels and content and will distribute all the channels of TV18, Viacom18 and also other third party channels and do such business on mutually agreed terms.
FIXED ASSETS
œ Plant and Equipment
œ Furniture and Fixtures
œ Office Equipment
œ Computer Equipments
œ Leasehold Improvements
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.59.99 |
|
|
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
0 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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.