MIRA INFORM REPORT
|
Report No. : |
316992 |
|
Report Date : |
13.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SMAAASH
ENTERTAINMENT PRIVATE LIMITED (w.e.f. 08.09.2012) |
|
|
|
|
Formerly Known
As : |
IDREAM
MEDIASPHERE PRIVATE LIMITED |
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Registered
Office : |
161, Starcity, 2nd
Floor, Manmala Tank Road, Mahim (West), Mumbai – 400 016, Maharashtra |
|
Tel. No.: |
91-22-67400900 |
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|
|
|
Country : |
India |
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|
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|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
30.11.2009 |
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Com. Reg. No.: |
11-197424 |
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Capital
Investment / Paid-up Capital : |
Rs.200.000 million |
|
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|
CIN No.: [Company Identification
No.] |
U92413MH2009PTC197424
(New) U93090MH2009PTC197424 (Old) |
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IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI09859D |
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|
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PAN No.: [Permanent Account No.] |
AACCI1792E |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into providing event management services. |
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No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
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 |
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|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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|
Comments : |
Subject is an
established company having moderate track. The rating is
constrained on account of accumulated losses recorded by the company.
Further, it also has weal liquidity position during the year under review. However, business
is active as per status shown in the registrar of companies. Payment terms
are reported to be slow. The company can
be considered for business dealings on sale 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 PARTED BY
|
Name : |
Mr. Mayur Shah |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-67400900 |
|
Date : |
10.04.2015 |
LOCATIONS
|
Registered Office : |
161, Starcity, 2nd
Floor, Manmala Tank Road, Mahim (West), Mumbai – 400 016, Maharashtra, India |
|
Tel. No. : |
91-22-67400900/ 24381300 |
|
Fax No. : |
91-22-24381374 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Branch Office : |
City Studio, Oasis Complex, Kamala Mills
Compound, Gate No.4, Pandurang Budhkar Marg, Lower Parel, Mumbai – 400 013,
Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr.
Shripal Sevantilal Morakhia |
|
Designation : |
Director |
|
Address : |
6A-2,
Prithvi Apartments, Altamount Road, Peddar Road, Gamdevi, Mumbai – 400 026,
Maharashtra, India |
|
Date of Birth/Age : |
08.07.1959 |
|
Date of Appointment : |
30.12.2011 |
|
DIN No. : |
00016675 |
|
PAN No.: |
AGCPM5698Q |
|
|
|
|
Name : |
Mr.
Anand Subramaniam Krishnan |
|
Designation : |
Director |
|
Address : |
Moosa
Ali Mohammad Karani Villa (DM.31), 367-15B ST UM Saqeem DM.31, Post Box:
212768, Dubai, NA, United Arab Emirates |
|
Date of Birth/Age : |
25.03.1958 |
|
Date of Appointment : |
13.05.2014 |
|
DIN No. : |
03620037 |
|
|
|
|
Name : |
Mr.
Rajeev Vasant Kalambi |
|
Designation : |
Additional
Director |
|
Address : |
1/5,
IRIS Lantana Street, Vatika City, Sector 49, Gurgaon – 122 018, Haryana,
India |
|
Date of Appointment : |
09.02.2015 |
|
DIN No. : |
07075813 |
KEY EXECUTIVES
|
Name : |
Mr. Mayur Shah |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
AHA Holdings Private Limited, India |
|
47958963 |
|
Sachin Ramesh Tendulkar |
|
3600000 |
|
Samir Arun Patil |
|
1895481 |
|
Bennett, Coleman and Company Limited, India |
|
4727273 |
|
FW Metis Limited, Mauritius |
|
29086679 |
|
Kalpana Shripal Morakhia |
|
1 |
|
Total |
|
87268397 |
AS ON 25.10.2014
|
Names of Allottee |
|
No. of Shares |
|
FW Metis Limited, Mauritius |
|
8726004 |
|
Total |
|
8726004 |
AS ON 30.09.2014
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] |
33.33 |
|
Bodies corporate |
60.37 |
|
Other top fifty shareholders |
6.30 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into providing event management services. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30/ 60/ 90 days) |
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Purchasing : |
Cash and Credit (30/ 60/ 90 days)
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PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
60 (Approximately) |
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Bankers : |
Yes
Bank Limited, 9th Floor, Nehru Centre, Discovery of India,
Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
Jain Ambavat and Associates Chartered Accountants |
|
Address : |
10, Chemox House, 3rd Floor, 7, Barrack Lane, Opposite
Bombay Hospital, Mumbai – 400 020, Maharashtra, India |
|
Tel. No. : |
91-22-43473635/ 40 |
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PAN
No.: |
AAAFJ1780E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
AHA Holdings Private Limited, India (CIN No.: U65990MH2000PTC127298) |
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|
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Other Related Parties : |
Lifestyle Networks Limited, India |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
95994401 |
Equity Shares |
Rs.10/- each |
Rs.959.944 million |
|
|
|
|
|
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
87268397 |
Equity Shares |
Rs.10/- each |
Rs.872.684 million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
200.000 |
200.000 |
10.000 |
|
(b) Reserves & Surplus |
(340.791) |
(206.027) |
(0.299) |
|
(c) Money
received against share warrants |
10.000 |
10.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
460.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
329.209 |
3.973 |
9.701 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
43.750 |
95.750 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
4.093 |
9.766 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
1.560 |
4.978 |
0.000 |
|
Total Non-current
Liabilities (3) |
49.403 |
110.494 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
87.982 |
253.513 |
183.166 |
|
(b) Trade
payables |
42.323 |
35.143 |
1.588 |
|
(c) Other
current liabilities |
63.059 |
33.698 |
1.652 |
|
(d) Short-term
provisions |
29.573 |
97.032 |
0.000 |
|
Total Current
Liabilities (4) |
222.937 |
419.386 |
186.406 |
|
|
|
|
|
|
TOTAL |
601.549 |
533.853 |
196.107 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
260.233 |
216.243 |
12.214 |
|
(ii)
Intangible Assets |
236.587 |
250.549 |
117.113 |
|
(iii)
Capital work-in-progress |
0.244 |
0.000 |
42.462 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.020 |
0.020 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
46.573 |
36.670 |
21.000 |
|
(e) Other
Non-current assets |
0.000 |
0.038 |
0.074 |
|
Total Non-Current
Assets |
543.657 |
503.520 |
192.863 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
7.558 |
3.301 |
0.000 |
|
(c) Trade
receivables |
6.151 |
3.347 |
0.000 |
|
(d) Cash
and cash equivalents |
17.192 |
6.299 |
0.119 |
|
(e)
Short-term loans and advances |
0.417 |
0.734 |
1.707 |
|
(f) Other
current assets |
26.574 |
16.652 |
1.418 |
|
Total
Current Assets |
57.892 |
30.333 |
3.244 |
|
|
|
|
|
|
TOTAL |
601.549 |
533.853 |
196.107 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
240.095 |
76.894 |
0.000 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
240.095 |
76.894 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and Administration Expenses (Centre) |
215.053 |
105.189 |
0.168 |
|
|
|
Corporate Expenses (Net) |
43.073 |
119.517 |
0.000 |
|
|
|
TOTAL |
258.126 |
224.706 |
0.168 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
(18.031) |
(147.812) |
(0.168) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
16.491 |
7.695 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(34.522) |
(155.507) |
(0.168) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION & PRIOR PERIOD ITEMS |
105.914 |
40.455 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(140.436) |
(195.962) |
(0.168) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(5.672) |
9.766 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(134.764) |
(205.728) |
(0.168) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(206.027) |
(0.299) |
(0.131) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(340.791) |
(206.027) |
(0.299) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(6.74) |
(10.29) |
NA |
|
Expected Sales (2014-2015): Rs.300.000 million
The above information has been parted by Mr. Mayur Shah (Accounts
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
NA |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
NA |
NA |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(23.36) |
(36.71) |
(0.11) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.43) |
(49.32) |
(0.02) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.40 |
87.91 |
18.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.26 |
0.07 |
0.02 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
10.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
(0.299) |
(206.027) |
(340.791) |
|
Money received against
share warrants |
0.000 |
10.000 |
10.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
460.000 |
|
Net worth |
9.701 |
3.973 |
329.209 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
95.750 |
43.750 |
|
Short Term borrowings |
183.166 |
253.513 |
87.982 |
|
Total borrowings |
183.166 |
349.263 |
131.732 |
|
Debt/Equity ratio |
18.881 |
87.909 |
0.400 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Total Income |
0.000 |
76.894 |
240.095 |
|
|
|
|
212.242 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Total Income |
0.000 |
76.894 |
240.095 |
|
Profit |
(0.168) |
(205.728) |
(134.764) |
|
|
|
(267.55%) |
(56.13%) |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is 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 |
Yes |
|
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 |
----- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
The Registered office address of the company has been shifted from 14,
Marthanda, 84, Dr. Annie Besant Road, Worli, Mumbai – 400 018, Maharashtra to
the present address w.e.f. 13.08.2010.
NATURE OF BUSINESS:
Subject is engaged in the business of investing, setting up, operating
and carrying on the business in India or elsewhere of Family entertainment and
Media centre or Parks based on Education, Culture, Entertainment, Sports, etc.
OPERATIONS:
During the year, the Company has operated from one Centre at Kamala
Mills, Mumbai and performance in terms of revenue and operating profits was
satisfactory. The operating profit would have been higher if the rental was on
revenue sharing. The company confirms to follow a conservative depreciation
policy. The Company has further plans to set up such sports based entertainment
centres in and around India and accordingly invited investors to invest in the
shares of the Company to meet with the requirement of capital for setting up of
such centres. The Company has successfully completed the first round of raising
of share capital from Foreign Institutional Investor based in Mauritius.
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
32.982 |
0.120 |
|
Loans and advances from others (Loans and Advances from Holding Company Term of Repayment: On Call) |
0.000 |
228.393 |
|
Total |
32.982 |
228.513 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10553240 |
30/11/2014 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA
- |
C45700036 |
|
2 |
10553244 |
30/11/2014 |
120,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA
- |
C45701521 |
|
3 |
10383517 |
10/10/2012 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA
- |
B60922788 |
FIXED ASSETS
Tangible Assets
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
·
Leasehold Improvements
Intangible Assets
·
Brands and Trade Marks
·
Computer Software
·
Copyrights, Patents and Other Operating Rights
·
Licenses and Franchise
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.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49
|
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
-- PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--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 |
|
11 |
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.