MIRA INFORM REPORT
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Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
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Name : |
STAR INDIA PRIVATE LIMITED |
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Formerly Known
As : |
STAR INDIA LIMITED (w.e.f. 07.02.2001) NEWS TELEVISION (INDIA) LIMITED NEWS TELEVISION (INDIA) PRIVATE LIMITED |
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Registered
Office : |
Star House, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
08.02.1994 |
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Com. Reg. No.: |
11-076485 |
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Capital
Investment / Paid-up Capital : |
Rs. 2372.710 Millions |
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CIN No.: [Company Identification
No.] |
U72300MH1994PTC076485 |
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PAN No.: [Permanent Account No.] |
AAACN1335Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
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Subject is engaged in the business of television broadcasting. |
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No. of Employees
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Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (54) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having a fine track record. Financial position of the company seems to be decent. Trade relation are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitments. The company can be considered for normal business dealing at usual
trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines Ltd
grounded in October 2012 under the weight of heavy debt and accumulated losses,
recently approached the Delhi high court for relief in two separate cases. The
airline challenged a notice by Punjab & National Bank alleging that It had
wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-61731005)
LOCATIONS
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Registered Office : |
Star House, Urmi Estate, 95 Ganpatrao Kadam Marg, Lower Parel (West),
Mumbai – 400013, Maharashtra, India |
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Tel. No.: |
91-22-66305555 |
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Fax No.: |
91-22-66305050 |
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E-Mail : |
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Website : |
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Located at : |
Located at · Gurgaon · Bangalore · Kolkata · Ahmedabad · Chennai · Kanpur · Chandigarh · Delhi ·
Jaipur |
DIRECTORS
As on 18.09.2013
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Name : |
Mr. Rishi Kanwarjeet Gaind |
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Designation : |
Director |
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Address : |
31/802, NRI Complex, Seawoods Estate, Sector 54-56-58, Nerul, Navi
Mumbai - 400706, Maharashtra, India |
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Date of Birth/Age : |
06.01.1975 |
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Date of Appointment : |
04.11.2009 |
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PAN No.: |
ABMPG9454H |
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DIN No.: |
01874494 |
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Name : |
Ms. Amita Maheshwari |
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Designation : |
Director |
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Address : |
208, 2nd Floor, Sea Flama, B-Block, Dosti Flamingo, Sewri, Mumbai
- 400015, Maharashtra, India |
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Date of Birth/Age : |
31.01.1968 |
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Date of Appointment : |
26.04.2012 |
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DIN No.: |
02891889 |
KEY EXECUTIVES
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Name : |
Ms. Ujwala Padmakar Wakhle |
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Designation : |
Secretary |
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Address : |
Flat No.504, Dosti Tulip, Dosti Acres, S M Road, Wadala (East),
Mumbai-400037, Maharashtra, India |
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Date of Birth/Age : |
12.05.1971 |
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Date of Appointment : |
01.11.2001 |
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PAN No.: |
AAHPW4240R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 18.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
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Buzzer Investments Limited, Mauritius |
121114839 |
51.05 |
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Quazar Investments (Mauritius) Limited, Mauritius |
86230 |
0.04 |
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Star Entertainment Holdings Limited (Formerly known as Xing Kong Chuan
Mei Group Company Limited), British Virgin Island |
93530934 |
39.42 |
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Startv.Com Holding Limited, Bermuda |
15794232 |
6.66 |
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Star Television Technical Services Limited, British Virgin Island |
6744268 |
2.84 |
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Total |
237270503 |
100.00 |
As on 18.09.2013
Equity Share Break up (Percentage of Total Equity)
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Category |
Percentage of Holding |
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Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the business of television broadcasting. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
Not Available |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
S. R. Batliboi and Associates LLP Chartered Accountant |
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Address : |
12th Floor, the Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharasthra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AABFS3421N |
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Holding Company: |
Buzzer Investments Limited, Mauritius |
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Ultimate Holding
Company: |
News Corporation |
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Intermediate
Holding Company: |
· Star Group Limited · Star Entertainment Holding Limited · Star Television Technical Services Limited · STARTV.com Holding Limited · Quazar Investments (Mauritius) Limited |
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Subsidiaries: |
· Indya Interactive Services Private Limited CIN No.: U64202MH2000PTC242292 · Precision Components Private Limited CIN No.: U74210MH1959PTC011459 |
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Joint Venture: |
Star Den Media Services Private Limited |
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Fellow
Subsidiaries: |
· Asianet Communications Limited CIN No.: U90001MH1991PLC178157 · Channel V Music Networks Limited Partnership · Dow Jones Consulting India Private Limited CIN No.: U74140MH2004PTC146563 · ESPN Software India Private Limited (effective from 08th Nov 2012) CIN No.: U74899MH1995PTC244794 · ESPN Star Sports (effective from 08th Nov 2012) · Fortune Star Media Limited · Fox Channels Middle East FZ LLC · Fox International Channel (Japan) Inc · Fox International Channels (US) Inc · Fox International Channels Australia PTY Limited · Fox Star Studios (India) Private Limited CIN No.: U92490MH2006PTC165060 · Fox Channels (India) Private Limited CIN No.: U92490MH2006PTC164697 · Fox Sports Australia PTY Limited · IGN International BV · Nationwide News PTY Limited · News America Incorporated · News Corp Star US LLC · NGC International UK Limited · NGC Network (India) Private Limited CIN No.: U74300MH2000PTC127390 · NGC Network Asia LLC · NGC Networks Middle East FZ LLC · Satellite Television Asian Region Limited · Star Advertisement Sales Limited · Star Entertainment Media Private Limited CIN No.: U92490MH2006PTC159789 · Star International Movies Limited · Star Middle East FZ LLC · Twentieth Century Fox International · Twentieth Century Fox International Television Inc · Twentieth Century Fox Telecommunications International Inc · Vijay Television Private Limited · Wall Street Journal India Private Limited |
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·
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CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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331,090,503 |
Equity Shares |
Rs.10/- each |
Rs. 3310.910 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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237,270,503 |
Equity Shares |
Rs.10/- each |
Rs. 2372.710 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
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(a) Share Capital |
2372.710 |
2195.010 |
2195.010 |
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(b) Reserves & Surplus |
26918.560 |
18271.820 |
14371.230 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
29291.270 |
20466.830 |
16566.240 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
314.920 |
828.130 |
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(d) long-term
provisions |
41.950 |
49.630 |
44.250 |
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Total Non-current
Liabilities (3) |
41.950 |
364.550 |
872.380 |
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(4) Current Liabilities |
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(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Trade
payables |
6361.100 |
8176.940 |
7538.910 |
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(c) Other
current liabilities |
1243.230 |
1231.240 |
1891.230 |
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(d) Short-term
provisions |
176.140 |
129.980 |
100.550 |
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Total Current
Liabilities (4) |
7780.470 |
9538.160 |
9530.690 |
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TOTAL |
37113.690 |
30369.540 |
26969.310 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
258.370 |
258.170 |
227.960 |
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(ii)
Intangible Assets |
1530.300 |
1790.960 |
1732.140 |
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(iii)
Capital work-in-progress |
878.020 |
80.630 |
31.220 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
672.630 |
672.630 |
780.650 |
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(c) Deferred tax assets (net) |
210.660 |
73.590 |
256.160 |
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(d) Long-term Loan and Advances |
4905.830 |
5140.410 |
5163.010 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
8455.810 |
8016.390 |
8191.140 |
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(2) Current assets |
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(a) Current
investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
10818.690 |
8451.330 |
6248.690 |
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(c) Trade
receivables |
11383.230 |
7676.330 |
7485.720 |
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(d) Cash
and cash equivalents |
3603.730 |
3476.910 |
2016.190 |
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(e) Short-term
loans and advances |
2208.870 |
2392.380 |
2984.210 |
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(f) Other
current assets |
643.360 |
356.200 |
43.360 |
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Total
Current Assets |
28657.880 |
22353.150 |
18778.170 |