MIRA INFORM REPORT

Report Date :

06.11.2014

IDENTIFICATION DETAILS

Name :	ZEE SPORTS LIMITED
Registered Office :	Continental Building, 135, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra
Country :	India
Financials (as on) :	31.03.2013
Date of Incorporation :	23.09.2004
Com. Reg. No.:	11-148772
Capital Investment / Paid-up Capital :	Rs. 0.500 Million
CIN No.: [Company Identification No.]	U64200MH2004PLC148772
PAN No.: [Permanent Account No.]	AAACZ2165Q
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Subject is engaged mainly in the business of developing the contents and marketing the third party 'Sports Channel' in India.
No. of Employees :	Not Divulged

RATING & COMMENTS

MIRA’s Rating :

Ca (14)

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
Litigation :	Exist
Comments :	Subject is an established company having a moderate track record. Networth of the company has been eroded due to accumulated loss incurred from its operations. However, business is active. Payment terms are reported to be slow. The company can be considered for business dealings on safe and secured 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 – June 1, 2014

Country Name	Previous Rating (31.03.2014)	Current Rating (01.06.2014)
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

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 willfully 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

[CONTACT NO.: 91-22-24831234]

LOCATIONS

Registered/ Corporate Office :	Continental Building, 135, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India
Tel. No.:	91-22-24831234/ 66971234
Fax No.:	91-22-24900302/ 24900213
E-Mail :	pushpal.sanghavi@zee.esselgroup.com feedback@esselgroup.com
Website :	http://www.esselgroup.com
Regional Offices :	Located at: · New Delhi · Kolkata · Pune · Hyderabad · Chennai · Bangalore
International Offices :	Located at: · USA · United Kingdom · South Africa · Singapore · Mauritius · China · Malaysia · Dubai · Russia (Moscow)

DIRECTORS

AS ON 24.07.2013

Name :

Mr. Punit Goenka

Designation :

Director

Address :

Jolly Maker Apartment No. 1, Bungalow No. 1, Cuffe Parade, Mumbai – 400005, Maharashtra, India

Date of Birth/Age :

20.06.1975

Qualification :

B.Com

Date of Appointment :

23.09.2004

DIN No.:

00031263

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U74999MH1987PLC044006	ESSEL INFRAPROJECTS LIMITED	Director	30/06/1995	30/06/1995	-	Active	NO
2	L51909DL1988PLC101836	DISH TV INDIA LIMITED	Director	01/04/1998	01/04/1998	06/01/2007	Active	NO
3	U74899DL1995PLC070406	ESSEL SHIP BREAKING LIMITED	Director	17/05/2000	17/05/2000	-	Active	NO
4	U64201DL2000PLC106553	AGRANI SATELLITE SERVICES LIMITED	Director	30/06/2000	30/06/2000	10/12/2009	Amalgamated	NO
5	U74899DL2000PLC106552	AGRANI CONVERGENCE LIMITED	Director	07/09/2000	07/09/2000	05/11/2009	Active	NO
6	U72200DL2000PLC108804	AGRANI TELECOM LIMITED	Director	08/12/2000	08/12/2000	27/05/2011	Active	NO
7	U64200MH2004PLC148772	ZEE SPORTS LIMITED	Director	23/09/2004	23/09/2004	-	Active	NO
8	U80220MH2004PTC149110	BRIO ACADEMIC INFRASTRUCTURE AND RESOURCE MANAGEMENT PRIVATE LIMITED	Director	14/10/2004	14/10/2004	22/11/2010	Active	NO
9	U92112MH2001PTC130457	E-CITY DIGITAL CINEMAS PRIVATE LIMITED	Director	24/12/2004	24/12/2004	15/01/2008	Active	NO
10	L92132MH1982PLC028767	ZEE ENTERTAINMENT ENTERPRISES LIMITED	Managing director	01/01/2010	01/01/2005	-	Active	NO
11	U22120MH2005PLC151377	DILIGENT MEDIA CORPORATION LIMITED	Director	17/02/2005	17/02/2005	19/02/2013	Active	NO
12	U74900MH2005PTC156348	E- CITY GEMS & JEWELLERY PRIVATE LIMITED	Director	26/09/2005	26/09/2005	23/03/2009	Active	NO
13	U65993MH2006PLC162533	ESSEL-CENTRUM HOLDINGS LIMITED	Director	08/07/2006	08/07/2006	05/11/2009	Active	NO
14	U74120MH2007NPL168278	ADHIKAAR FOUNDATION	Director	29/08/2008	01/03/2007	-	Active	NO
15	U92412MH2007PTC171016	PAN INDIA INFRAPROJECTS PRIVATE LIMITED	Director	22/05/2007	22/05/2007	31/07/2007	Active	NO
16	U45200MH2000PTC128252	PAN INDIA INFRASTRUCTURES PRIVATE LIMITED	Director	29/09/2007	04/09/2007	10/10/2008	Amalgamated	NO
17	U74900MH2007PTC173867	ESSEL MEDIA VENTURES PRIVATE LIMITED	Director	06/09/2007	06/09/2007	05/10/2011	Active	NO
18	U74899DL1995PTC063992	PROCALL PRIVATE LIMITED	Additional director	12/09/2007	12/09/2007	20/11/2007	Active	NO
19	L80220MH1999PLC121505	ETC NETWORKS LIMITED	Director	23/01/2008	23/01/2008	-	Amalgamated	NO
20	U13204KA2008PTC046731	KOLAR & RAMGIRI GOLD MINING PRIVATE LIMITED	Director	10/06/2008	10/06/2008	21/11/2011	Active	NO
21	U74899DL2001PLC113501	ZEE-TURNER LIMITED	Director	17/08/2009	24/07/2008	-	Active	NO
22	U64202MH2005PTC242691	KVS TELECOMMUNICATION PRIVATE LIMITED	Director	30/09/2008	29/07/2008	05/11/2009	Active	NO
23	L92100MH1999PLC121506	ZEE MEDIA CORPORATION LIMITED	Director	05/07/2013	25/03/2009	28/09/2013	Active	NO
24	U45203MH2009PLC193948	ESSEL DAMOH - JABALPUR TOLL ROADS LIMITED	Director	30/09/2013	09/07/2009	30/07/2014	Active	NO
25	U45203MH2009PLC193947	ESSEL SAGAR DAMOH TOLL ROADS LIMITED	Director	30/09/2013	09/07/2009	30/07/2014	Active	NO
26	L18101MH1997PLC111924	PROVOGUE (INDIA) LIMITED	Director	24/09/2010	27/11/2009	26/05/2014	Active	NO
27	U73100DL2010NPL205584	BROADCAST AUDIENCE RESEARCH COUNCIL	Director	09/07/2010	09/07/2010	-	Active	NO
28	U74899DL1999NPL101705	INDIAN BROADCASTING FOUNDATION U S 25 PUBLIC COMPANY	Nominee director	03/09/2010	03/09/2010	-	Active	NO
29	L45200MH2007PLC174147	PROZONE INTU PROPERTIES LIMITED	Director	28/09/2012	20/04/2012	-	Active	NO

Name :

Mr. Himanshu Pradeep Mody

Designation :

Director

Address :

1201 B, Gardenia Building, Vasant Valley, Film City Road, Malad (East), Mumbai – 400097, Maharashtra, India

Date of Birth/Age :

28.12.1977

Qualification :

MSc- Finance

Date of Appointment :

23.09.2004

DIN No.:

00686830

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U92132MH2001PTC130426	MEDIAVEST INDIA PRIVATE LIMITED	Director	23/04/2002	23/04/2002	-	Active	NO
2	U92130MH1996PTC100488	ASIAN SATELLITE BROADCAST PRIVATE LIMITED	Director	08/11/2002	08/11/2002	24/09/2013	Active	NO
3	U70100MH1980PTC022852	JAY PROPERTIES PRIVATE LIMITED	Director	04/12/2002	04/12/2002	19/03/2010	Active	NO
4	U64200MH2004PLC148772	ZEE SPORTS LIMITED	Director	23/09/2004	23/09/2004	-	Active	NO
5	L80220MH1999PLC121505	ETC NETWORKS LIMITED	Director	30/09/2004	30/09/2004	28/01/2008	Amalgamated	NO
6	U22120MH2005PLC151377	DILIGENT MEDIA CORPORATION LIMITED	Director	18/09/2009	17/02/2005	-	Active	NO
7	U92190MH2002PTC135002	TAJ TELEVISION (INDIA )PRIVATE LIMITED	Director	28/09/2007	28/12/2006	-	Active	NO
8	U74140MH2002PTC136737	ESSEL CORPORATE RESOURCES PRIVATE LIMITED	Director	21/02/2007	21/02/2007	01/10/2008	Active	NO
9	U92412MH2007PTC171016	PAN INDIA INFRAPROJECTS PRIVATE LIMITED	Director	30/05/2008	22/05/2007	20/03/2013	Active	NO
10	U92412MH2008PTC183442	ESSEL CHAMPS PRIVATE LIMITED	Director	12/06/2008	12/06/2008	-	Amalgamated	NO
11	U92412MH2008PTC183869	ICL LIONS PRIVATE LIMITED	Director	23/06/2008	23/06/2008	24/09/2013	Active	NO
12	U92412MH2008PTC183874	ROYAL BENGAL SPORTS PRIVATE LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
13	U70101MH2008PLC183873	ESSEL FINANCE CAPSTAR ADVISORY LIMITED	Director	23/06/2008	23/06/2008	-	Active	NO
14	U92412MH2008PTC183872	ICL SUPERSTARS SPORTS PRIVATE LIMITED	Director	23/06/2008	23/06/2008	-	Amalgamated	NO
15	U92412MH2008PTC183999	ICL HEROES SPORTS PRIVATE LIMITED	Director	25/06/2008	25/06/2008	-	Active	NO
16	U92190MH2007PLC177148	ESSEL ENTERTAINMENT MEDIA LIMITED	Additional director	04/07/2008	04/07/2008	-	Amalgamated	NO
17	U92412MH2008PTC184715	ICL ROCKETS SPORTS PRIVATE LIMITED	Director	16/07/2008	16/07/2008	-	Amalgamated	NO
18	U92412MH2008PTC184712	ICL GIANTS SPORTS PRIVATE LIMITED	Director	16/07/2008	16/07/2008	-	Amalgamated	NO
19	U45200MH2000PTC128252	PAN INDIA INFRASTRUCTURES PRIVATE LIMITED	Additional director	10/10/2008	10/10/2008	15/02/2011	Amalgamated	NO
20	U40300MH2009PTC189362	DIRECT MEDIA DISTRIBUTION VENTURES PRIVATE LIMITED	Director	05/01/2009	05/01/2009	-	Active	NO
21	U45203MH2009PLC193949	ESSEL BINA KHIMLASA MALTHON TOLL ROADS LIMITED	Director	09/07/2009	09/07/2009	10/11/2009	Active	NO
22	U45203MH2009PLC193948	ESSEL DAMOH - JABALPUR TOLL ROADS LIMITED	Director	09/07/2009	09/07/2009	30/07/2014	Active	NO
23	U45203MH2009PLC193947	ESSEL SAGAR DAMOH TOLL ROADS LIMITED	Director	09/07/2009	09/07/2009	30/07/2014	Active	NO
24	U45200MH2009PLC193950	ESSEL BHIND MIHONA GOPALPUR TOLL ROADS LIMITED	Director	09/07/2009	09/07/2009	10/11/2009	Active	NO
25	U70100MH1987PTC042701	VASANT SAGAR PROPERTIES PRIVATE LIMITED	Director	29/09/2010	01/10/2009	-	Active	NO
26	L80301MH2010PLC198405	ZEE LEARN LIMITED	Director	04/01/2010	04/01/2010	-	Active	NO
27	L51900MH1984PLC034501	SHIRPUR GOLD REFINERY LIMITED	Director	30/11/2010	18/01/2010	26/04/2011	Active	NO
28	U45203MH2005PTC153937	ESSEL AIRPORT INFRASTRUCTURE PRIVATE LIMITED	Director	28/05/2010	31/03/2010	-	Active	NO
29	U74990MH2010PLC198648	ESSEL VISION PRODUCTIONS LIMITED	Director	05/07/2011	15/04/2011	29/05/2012	Active	NO
30	U90000MH2009PLC196399	TATVA GLOBAL ENVIRONMENT (DEONAR) LIMITED	Director	02/07/2012	30/07/2011	-	Active	NO
31	U45400MH2011PTC217032	ESSEL KIPL INFRASTRUCTURE PRIVATE LIMITED	Director	09/09/2013	09/08/2011	-	Active	NO
32	U74120MH2007NPL168278	ADHIKAAR FOUNDATION	Director	29/09/2012	22/08/2012	-	Active	NO
33	U92132WB1995PLC075754	INDIAN CABLE NET COMPANY LIMITED	Director	13/08/2013	22/04/2013	-	Active	NO
34	U74900MH2013PTC244379	ESSEL FINANCE PORTFOLIO MANAGERS PRIVATE LIMITED	Director	12/06/2013	12/06/2013	-	Active	NO
35	U65990MH1996PLC097941	ESSEL FINANCE BUSINESS LOANS LIMITED	Director	16/05/2014	03/04/2014	-	Active	NO
36	AAA-2200	CHURU ENTERPRISES LLP	Designated Partner	31/08/2012	31/08/2012	-	Active	NO
37	AAA-2199	PRAJATMA ENTERPRISES LLP	Designated Partner	31/08/2012	31/08/2012	-	Active	NO
38	AAA-2198	JAYNEER ENTERPRISES LLP	Designated Partner	31/08/2012	31/08/2012	-	Active	NO
39	AAB-2432	ESSEL PROPERTIES LLP	Designated Partner	05/12/2012	05/12/2012	14/08/2013	Active	NO
40	AAB-2632	ESSEL FINANCE ADVISORS AND MANAGERS LLP	Designated Partner	17/02/2014	17/12/2012	-	Active	NO
41	AAB-2774	ESSEL CAPITAL ADVISORS & MANAGERS LLP	Designated Partner	21/12/2012	21/12/2012	-	Active	NO

Name :

Mr. Mihir Kirtikumar Modi

Designation :

Director

Address :

B/12, Daulat Vihar Society, 57/58, Dadabhai Road, Vile Parle (West), Mumbai – 400056, Maharashtra, India

Date of Birth/Age :

19.07.1977

Date of Appointment :

26.09.2014

DIN No.:

03401046

Other Directorship :

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	U74899DL2001PLC113501	ZEE-TURNER LIMITED	Additional director	10/12/2013	10/12/2013	Active	NO
2	U74990MH2010PLC198648	ESSEL VISION PRODUCTIONS LIMITED	Director	26/09/2014	10/12/2013	Active	NO
3	U92190MH2002PTC135002	TAJ TELEVISION (INDIA) PRIVATE LIMITED	Director	26/09/2014	10/12/2013	Active	NO
4	U64200MH2004PLC148772	ZEE SPORTS LIMITED	Director	26/09/2014	10/12/2013	Active	NO

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 24.07.2013

Names of Shareholders	No. of Shares
Zee Entertainment Enterprises Limited joint with Punit Goenka	100
Zee Entertainment Enterprises Limited joint with Himanshu Mody	100
Zee Entertainment Enterprises Limited joint with Pushpal Sanghvi	100
Zee Entertainment Enterprises Limited joint with Sheetal Chitlange	100
Zee Entertainment Enterprises Limited joint with Vinod Thakur Desai	100
Zee Entertainment Enterprises Limited joint with Shripat Narkar	100
Zee Entertainment Enterprises Limited	49300
Zee Entertainment Enterprises Limited joint with M. Lakshminarayanan	100
Total	50000

AS ON 24.07.2013

Equity Share Breakup	Percentage of Holding
Category
Bodies corporate	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :

Subject is engaged mainly in the business of developing the contents and marketing the third party 'Sports Channel' in India.

GENERAL INFORMATION

No. of Employees :	Not Divulged
Bankers :	Not Divulged
Facilities :	--

Banking Relations :	--
Auditors :
Name :	Subhash C Gupta and Company Chartered Accountants
Address :	B-3/1, First Floor, Rajouri Garden New Delhi – 110027, India
Income-tax PAN of auditor or auditor's firm :	AAIFS7853D
Holding company :	Zee Entertainment Enterprises Limited [L92132MH1982PLC028767]
Others Related Parties :	· Zee-Turner Limited [U74899DL2001PLC113501] · Zee Media Corporation Limited [L92100MH1999PLC121506] · Zee News Limited

CAPITAL STRUCTURE

AS ON 31.03.2013

Authorised Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs. 10/- each	Rs. 0.500 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs. 10/- each	Rs. 0.500 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	0.500	0.500	0.500
(b) Reserves & Surplus	(47.833)	(45.531)	(44.895)
(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)	(47.333)	(45.031)	(44.395)
(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	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.000	0.000	0.000
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	19.333	19.061	19.112
(c) Other current liabilities	36.731	35.915	35.703
(d) Short-term provisions	0.000	0.000	0.000
Total Current Liabilities (4)	56.064	54.976	54.815
TOTAL	8.731	9.945	10.420
II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.861	2.134	2.535
(ii) Intangible Assets	0.000	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	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1.861	2.134	2.535
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	0.000	0.000	0.000
(d) Cash and cash equivalents	0.716	0.809	0.883
(e) Short-term loans and advances	6.154	7.002	7.002
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	6.870	7.811	7.885
TOTAL	8.731	9.945	10.420

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2013	31.03.2012	31.03.2011
	SALES
		Revenue from Operations	0.000	0.000	0.000
		Other Income	0.000	0.000	1.034
		TOTAL (A)	0.000	0.000	1.034
Less	EXPENSES
		Other Expenses	1.940	0.051	0.498
		TOTAL (B)	1.940	0.051	0.498
Less	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		(1.940)	(0.051)	0.536
Less	FINANCIAL EXPENSES (D)		0.090	0.184	(0.010)
	PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		(2.030)	(0.235)	0.546
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.272	0.401	0.740
	PROFIT/ (LOSS) BEFORE TAX (E-F) (G)		(2.302)	(0.636)	(0.194)
Less	TAX (H)		0.000	0.000	0.000
	PROFIT/ (LOSS) AFTER TAX (G-H) (I)		(2.302)	(0.636)	(0.194)
	Earnings/ (Loss) Per Share (Rs.)		(46.04)	(12.72)	(3.88)

KEY RATIOS

PARTICULARS		31.03.2013	31.03.2012	31.03.2011
Net Profit Margin (PAT/Sales)	(%)	0.00	0.00	0.00
Operating Profit Margin (PBDIT/Sales)	(%)	0.00	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(26.37)	(6.40)	(1.86)
Return on Investment (ROI) (PBT/Networth)		0.05	0.01	0.00
Debt Equity Ratio (Total Debt/Networth)		0.00	0.00	0.00
Current Ratio (Current Asset/Current Liability)		0.12	0.14	0.14

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

DEBT EQUITY RATIO

Particulars	31.03.2011	31.03.2012	31.03.2013
	(Rs. In Millions)	(Rs. In Millions)	(Rs. In Millions)
Share Capital	0.500	0.500	0.500
Reserves & Surplus	(44.895)	(45.531)	(47.833)
Net worth	(44.395)	(45.031)	(47.333)
Long-term borrowings	0.000	0.000	0.000
Short term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

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	Yes
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]	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	No

LITIGATION DETAILS

HIGH COURT OF BOMBAY

CASE DETAILS

BENCH: BOMBAY

Presentation Date: 05.08.2014

Lodging No: NMSL/1793/2014 Filing Date: 05.08.2014 Reg. No.: NMS/1063/2014 Reg. Date: 19.08.2014

Main Matter

Lodging No: SL/1524/2009 Reg. No.: S/1410/2009

Petitioner: NIMBUS COMMUNICATIONS LIMITED AND Respondent: M/S. ZEE SPORTS LIMITED

Petn. Adv : JURISCONSULTUS (I1488)

District: MUMBAI

Bench: SINGLE

Status: Pre-Admission

Last Date: 28.08.2014 Stage:

Last Coram: ACCORDING TO SITTING LIST

Act: Code of Civil Procedure 1908

INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY

BACKGROUND:

Subject was incorporated on 23rd September 2004 in the state of Maharashtra, India, as a subsidiary company of Zee Entertainment Enterprises Limited. The Company has been engaged mainly in the business of developing the contents and marketing the third party 'Sports Channel' in India.

FIXED ASSETS:

· Plant and equipment

· Other plant and equipment

· Furniture and fixtures

· Vehicles

· Motor vehicles

· Office equipment

· Computer equipments

· Other equipments

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

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. 61.39
UK Pound	1	Rs. 98.00
Euro	1	Rs. 76.99

INFORMATION DETAILS

Information Gathered by :	GYT
Analysis Done by :	RAS
Report Prepared by :	BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	2
PAID-UP CAPITAL	1~10	1
OPERATING SCALE	1~10	1
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	1
--PROFITABILIRY	1~10	1
--LIQUIDITY	1~10	2
--LEVERAGE	1~10	3
--RESERVES	1~10	1
--CREDIT LINES	1~10	2
--MARGINS	-5~5	--
DEMERIT POINTS
--BANK CHARGES	YES/NO	NO
--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
DEFAULTERS
--RBI	YES/NO	NO
--EPF	YES/NO	NO
TOTAL		14

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	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.