MIRA INFORM REPORT

 

IDENTIFICATION DETAILS

 

Name :

REAL IMAGE MEDIA TECHNOLOGIES PRIVATE LIMITED (w.e.f.20.04.2000)

 

 

Formerly Known As :

MEDIA ARTISTS PRIVATE LIMITED

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

CHEM01218A

 

 

PAN No.:

[Permanent Account No.]

AAACM2150N

 

 

Legal Form :

Private Limited Liability Company

 

 

No. of Employees :

Not Available

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is Media and Entertainment Industry.

 

 

Products :

Item Code No. (ITC Code)

Product Description

99611841

Mastering and Virtuaal Print Fee, Advertisement Fee, Right to Use Fees and pay Per SHow, Service Income, Licence Fees, Commission Received, Studuio Recording and Hire Charges Others

96121010

Computer based Systems, Accesories, UPS, Projector and lamps

 

 

 

GENERAL INFORMATION

 

No. of Employees :

Not Available

 

 

Bankers :
  • Indian Overseas Bank, Gemini Circle Branch, New No. 297, Cathdral Road, Chennai – 600086, Tamilnadu, India

 

 

Facilities :

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term loans

From banks

350.728

288.896

SHORT TERM BORROWINGS

 

 

Loans Repayable on Demand

Cash Credit from Banks

135.399

130.024

Total

486.127

418.920

 

NOTE

 

LONG TERM BORROWINGS

 

Details of Term Loans from Banks - Secured

 

The loans are secured by hypothecation of plant and equipment acquired out of the loan, inventories, in addition to first charge over the other fixed assets of the Company and equitable mortgage of Leasehold Rights of the land belonging to Ms. Vee. Vijayalakhsmi taken on lease by the Company.

 

The Company has not defaulted in the repayment of dues to banks.

 

Interest rates are on floating rate basis. The interest rates disclosed above represents the rate of interest as at 31 March 2013

 

SHORT TERM BORROWINGS

 

Details of secured Short Term Borrowings:

 

The loans are secured by hypothecation of inventory and receivables not exceeding 90 days with a margin of 25% on inventory and 40% on receivables. The interest rate prevailing at the date of balance sheet is 13.50%.

 

 

 

UNSECURED LOANS

 

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWINGS

 

 

Term loans

From other parties

52.701

35.696

Total

52.701

35.696

 

NOTE

 

LONG TERM BORROWINGS

 

Details of Term Loans from Other Parties – Unsecured

 

The Company has entered into an agreement with one of its suppliers for purchase of D cinema Projector. The supplier has extended a Supplier's Credit Facility in foreign currency through Dexia Bank, Belgium.

 

The Company has not defaulted in the repayment of dues to Other Parties.

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Deloitte Haskins and Sells

Chartered Accountants

Address :

ASVN Ramana Tower, 52 Venkatnarayana Road, T. Nagar, Chennai – 600017, Tamilnadu, India

PAN No.:

AACFD3771D

 

 

Subsidiary company:

Qube Cinema Inc.

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 25.07.2013

 

NOTE: SHAREHOLDING DETAILS FILE ATTACHED.

 

As on 25.07.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Nationalised or other banks

13.00

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

27.00

Bodies corporate

25.00

Directors or relatives of Directors

21.00

Other top fifty shareholders

14.00

Total

100.00

 

 

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

173.817

173.438

173.183

(b) Reserves & Surplus

1193.246

1040.208

948.422

(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)

1367.063

1213.646

1121.605

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

403.429

324.592

62.209

(b) Deferred tax liabilities (Net)

14.126

10.110

5.657

(c) Other long term liabilities

47.322

31.194

18.099

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

464.877

365.896

85.965

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

135.399

130.024

134.832

(b) Trade payables

378.325

146.708

144.229

(c) Other current liabilities

261.146

167.573

123.953

(d) Short-term provisions

7.433

5.564

32.161

Total Current Liabilities (4)

782.303

449.869

435.175

 

 

 

 

TOTAL

2614.243

2029.411

1642.745

 

 

 

 

II.      ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

1095.184

852.322

652.266

(ii) Intangible Assets

8.748

7.688

12.032

(iii) Capital work-in-progress

30.131

65.663

198.508

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.106

0.406

0.406

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

61.377

45.515

40.082

(e) Other Non-current assets

25.460

18.373

0.018

Total Non-Current Assets

1221.006

989.967

903.312

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

527.482

412.365

145.602

(c) Trade receivables

560.593

396.933

347.759

(d) Cash and cash equivalents

179.054

173.261

194.793

(e) Short-term loans and advances

114.542

54.722

42.584

(f) Other current assets

11.566

2.163

8.695

Total Current Assets

1393.237

1039.444

739.433

 

 

 

 

TOTAL

2614.243

2029.411

1642.745

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES

 

 

 

 

 

Income

 

1446.000

1208.000

 

 

Other Income

 

101.000

97.000

 

 

TOTAL                                    

2056.000

1547.000

1305.000

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

1616.000

1232.000

1128.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE DEPRECIATION, INTEREST, EXCHANGE GAIN/LOSS AND TAX

440.000

315.000

273.000

 

 

 

 

 

Less

FINANCIAL EXPENSES/ DEPRECIATION                                  

232.000

 

171.000

96.000

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX 

208.000

144.000

177.000

 

 

 

 

 

Less

TAX                                                                 

69.000

48.000

62.000

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

139.000

96.000

115.000

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

FOB value of Exports

379.560

182.869

 

 

 

Commission and Others

27.787

25.579

 

 

TOTAL EARNINGS

407.347

208.448

189.740

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Traded goods

895.347

703.178

NA

 

 

Capital goods

289.073

93.801

NA

 

TOTAL IMPORTS

1184.420

796.979

NA

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

7.19

4.59

12.75

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (50)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

LOCAL AGENCY FURTHER INFORMATION

 

CORPORATE INFORMATION

 

The Company is a leader in the digital cinema enablement and service businesses. It has over 25 years of expertise in digital technology and has significant presence in the AV post production/ broadcast and digital cinema domains. RIMT is a pioneer across the AV digitization value chain and is the only Indian company owning DCI compliant server technology for digital cinema. RIMT pioneered digital cinema through its Qube suite of end-to-end digital cinema solutions. RIMT is the leading digital cinema roll-out sponsor in India driving the digitization process across the cinema value chain including digital theater roll-out, content mastering, managed services and in-theater advertising. It has a globally compatible inter-operable platform and has successfully rolled out its DCI/ non-DCI systems across conventional as well as 3D cinema screens.

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

LOCATIONS

 

Registered Office :

No.7B, IIIrd Street, Balaji Nagar, Royapettah, Chennai – 600014, Tamilnadu, India

Tel. No.:

91-44-42041505

Fax No.:

91-44-42060761

E-Mail :

info@realimage.com

srinivasan.mahalingam@realimage.co.in

Website :

http://www.realimage.com

 

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.