MIRA INFORM REPORT
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Report No. : |
306961 |
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Report Date : |
09.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
KNIGHT RIDERS SPORTS PRIVATE LIMITED [w.e.f.26.03.2008] |
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Formerly Known
As : |
KNIGHT RIDER SPORTS PRIVATE LIMITED |
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Registered
Office : |
Backstage, Plot No.612, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
27.02.2008 |
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Com. Reg. No.: |
11-179508 |
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Capital
Investment / Paid-up Capital : |
Rs. 200.000 Millions |
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CIN No.: [Company Identification
No.] |
U92412MH2008PTC179508 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK18046A |
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PAN No.: [Permanent Account No.] |
AADCK3118M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of owning and operating
Kolkata franchisee of the |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relations seem to be fair. Business is active. Payment terms are
reported as slow but correct. In view of reputed promoters and qualified management, the company can
be considered for business dealings 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.
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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-22-66699400]
LOCATIONS
|
Registered Office : |
Backstage, Plot No.612, 15th Road, Junction of Ramkrishna Mission
Road, Santacruz [West], Mumbai – 400054, Maharashtra, India |
|
Tel. No.: |
91-22-66699400/ 66699555 |
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Fax No.: |
91-22-66699599 |
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E-Mail : |
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Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Venkatesh S Mysore |
|
Designation : |
Managing director |
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Address : |
The Imperial North Tower Apartment 4305, BB Nakashe Marg, Tardeo,
Mumbai – 400034, Maharashtra, India |
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Date of Birth/Age : |
30.12.1958 |
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Qualification : |
He has a B.A in Economics and M.B.A in Marketing and
Finance from University of Madras. |
|
Experience : |
He has over 25 years’ experience in the financial services
industry across several global markets. He has held several senior leadership
positions in the US, Canada and Asia. He has served as the CEO for over 12
years and built many successful businesses. He had served on several boards
of the Companies as well as of several Chambers of Commerce such as FICCI,
CII, IMC, American Chamber of Commerce and the Indo Canadian Chamber. |
|
Date of Appointment : |
11.10.2010 |
|
DIN No.: |
01401447 |
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|
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Name : |
Mr. Jay Mahendra Mehta |
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Designation : |
Director |
|
Address : |
Veer Bhavan, 22 B.G. Kher Road, Malabar Hill, Mumbai – 400006, Maharashtra,
India |
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Date of Birth/Age : |
18.01.1961 |
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Date of Appointment : |
08.09.2009 |
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DIN No.: |
00152072 |
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Name : |
Mrs. Gauri Shahrukh Khan |
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Designation : |
Director |
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Address : |
Mannat, B.J. Road, Bandstand, Bandra [West], Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
08.10.1969 |
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Date of Appointment : |
27.02.2008 |
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DIN No.: |
00780191 |
KEY EXECUTIVES
|
Name : |
Ms. Heema Pithadia |
|
Designation : |
Secretary |
|
Address : |
2/B-411, Ostwal Ornate Building, Jesal Park, Bhayandar [East], Mumbai
– 401105, Maharashtra, India |
|
Date of Birth/Age : |
20.10.1981 |
|
Date of Appointment : |
08.09.2010 |
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PAN No.: |
AZWPP3114H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
The Sea Island Investment Limited, Mauritius |
9000000 |
45.00 |
|
Shahrukh Shah and Gauri Shahrukh Khan |
11000000 |
55.00 |
|
|
|
|
|
Total |
20000000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
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|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
45.00 |
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Directors
or relatives of directors |
55.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of owning and operating
Kolkata franchisee of the India Premier League (IPL), a T-20 cricket
tournament governed by The Board of Control for Cricket in India (“BCCI”). |
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Products/ Services : |
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Brand Names : |
‘Kolkata Knight Riders’ or ‘KKR’ |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai - 400018, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
· BMW India Financial Services Private Limited DLF Cyber City, Phase II, Building No.10, Tower C, 14th Floor, Gurgaon - 122002, Haryana, India |
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Auditors : |
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Name : |
S R Batliboi and Associates LLP Chartered Accountants |
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Address : |
14th Floor, The Ruby 29, Senapati Bapat Marg, Dadar
[West], Mumbai – 400028, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACHFS9118A |
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Enterprises owned
or significantly influenced by key Share holders : |
Red Chillies Entertainments Private Limited |
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Enterprises owned
or significantly influenced by key Directors L |
· Agrima Consultants International Limited UBQool
FutureTech Private Limited Goodkarma
Hospitality Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
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|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
200.000 |
200.000 |
200.000 |
|
(b) Reserves & Surplus |
7.110 |
(84.786) |
(148.228) |
|
(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) |
207.110 |
115.214 |
51.772 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
60.000 |
80.000 |
|
(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 |
0.702 |
0.565 |
0.277 |
|
Total Non-current
Liabilities (3) |
0.702 |
60.565 |
80.277 |
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
189.440 |
269.852 |
294.187 |
|
(b)
Trade payables |
7.838 |
9.757 |
19.381 |
|
(c)
Other current liabilities |
8.536 |
38.425 |
50.709 |
|
(d) Short-term
provisions |
0.007 |
0.005 |
0.002 |
|
Total Current
Liabilities (4) |
205.821 |
318.039 |
364.279 |
|
|
|
|
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|
TOTAL |
413.633 |
493.818 |
496.328 |
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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 |
2.598 |
4.066 |
4.606 |
|
(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 |
267.148 |
183.663 |
132.636 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
269.746 |
187.729 |
137.242 |
|
|
|
|
|
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(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 |
0.283 |
30.306 |
|
(d) Cash
and cash equivalents |
6.032 |
14.905 |
16.045 |
|
(e)
Short-term loans and advances |
137.855 |
290.901 |
312.735 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
143.887 |
306.089 |
359.086 |
|
|
|
|
|
|
TOTAL |
413.633 |
493.818 |
496.328 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
SALES |
|
|
|
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|
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TOTAL |
1294.886 |
1386.511 |
1227.216 |
|
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Less |
EXPENSES |
|
|
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|
|
|
TOTAL |
1170.046 |
1306.912 |
1120.854 |
|
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
124.840 |
79.599 |
106.362 |
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.988 |
1.278 |
2.079 |
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PROFIT BEFORE TAX
|
123.852 |
78.321 |
104.283 |
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Less |
TAX |
31.956 |
14.878 |
0.000 |
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PROFIT AFTER TAX
|
91.896 |
63.443 |
104.283 |
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|
Earnings Per
Share (Rs.) |
4.59 |
3.17 |
5.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.94 |
15.86 |
21.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.60 |
0.68 |
2.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.91 |
2.86 |
7.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.70 |
0.96 |
0.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
200.000 |
200.000 |
200.000 |
|
Reserves & Surplus |
(148.228) |
(84.786) |
7.110 |
|
Net
worth |
51.772 |
115.214 |
207.110 |
|
|
|
|
|
|
Long-term borrowings |
80.000 |
60.000 |
0.000 |
|
Short term borrowings |
294.187 |
269.852 |
189.440 |
|
Total
borrowings |
374.187 |
329.852 |
189.440 |
|
Debt/Equity ratio |
7.228 |
2.863 |
0.915 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1227.216 |
1386.511 |
1294.886 |
|
|
|
12.980 |
(6.608) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1227.216 |
1386.511 |
1294.886 |
|
Profit |
104.283 |
63.443 |
91.896 |
|
|
8.50% |
4.58% |
7.10% |
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 |
-- |
|
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 |
No |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10546586 |
08/09/2014 |
5,000,000.00 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
DLF CYBER CITY, PHASE II, BUIDING NO.10, TOWER C 14TH FLOOR, GURGAON, GURGAON, HARYANA - 122002, INDIA |
C42219154 |
|
2 |
10417280 |
12/03/2013 |
200,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B72459399 |
|
3 |
10165942 |
06/04/2011 * |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B11497054 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
0.000 |
60.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
50.000 |
0.000 |
|
|
|
|
|
Total |
50.000 |
60.000 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 4th Floor,
N.K Mehta International House, 178, Babubhai Chinai Marg, Backbay Reclamation,
Mumbai - 400020, Maharashtra, India to the present address w.e.f. 08.08.2013.
CORPORATE INFORMATION
Subject is engaged in the business of owning and operating Kolkata franchisee of the India Premier League (IPL), a T-20 cricket tournament governed by The Board of Control for Cricket in India (“BCCI”). The Company has secured Franchise rights from BCCI for forming its cricket team under the brand name ‘Kolkata Knight Riders’ or ‘KKR’. The Company was incorporated on 27th February, 2008 in the state of Maharashtra.
OPERATIONAL
PERFORMANCE AND FUTURE OUTLOOK:
a) New Marketing
campaign- ONE TEAM ONE PLEDGE.
As an extension to the marketing campaign of Kolkata Knight Riders (KKR) new strapline “One Team. One Pledge” along with the Bengali phrase ‘Korbo, Lorbo, Jeetbo’ (“we will do it, fight for it, win it”) was created. This campaign was designed with an intention to excite and motivate KKR’s loyal fans and to help attract and boost new fans. The origin of this tagline related to the belief “Team KKR” concept – no individual is bigger than the team. Their new theme – “One Team. One Pledge.” was consistent with this philosophy as well as KKR’s continued commitment to the promise of “Korbo Lorbo Jeetbo”.
b) Performance of KKR
in IPL 2013
IPL 2013 was such a great start wherein we the defending champions kick-started in grand style by winning their first match of the competition in convincing fashion. Although it started off well but thereon out of 16 matches KKR could win only 6 matches and ended 7th on the point table and failed to qualify for the IPL 2013 Play-Offs and hence failed to defend the title. The Team had players who had suffered injury like Manoj Tiwary, James Pattinson, Pradeep Sangwan, Laxmiratan Shukla and one of the key player Brad Haddin was only partially available due to family emergencies. Due to which the Team could not perform to its potential and thereby lost its chance to qualify for CLT20, 2013.
c) Changes in the
support staff after IPL 2013 new players for IPL 2014
Changes in the Support staff
1) The Support staff of KKR in IPL 2013 missed, Mr. Wasim Akram- the bowling coach and mentor of KKR who was unable to participate in the succeeding IPL 2013 season due to his family commitments.
2) Mr. Trevor Penney who was appointed a fielding coach last year and was given a termination notice. The management discussed and felt that due to his commitments to the national team, KKR would not be able to fully benefit from his expertise during pre-season camps as well as development projects during IPL 2014. Hence it was mutually decided to terminate his contract.
3) Mr. WV Raman was appointed as batting coach for two seasons IPL 2014 and IPL 2015. Mr. Raman have had a distinguished track record in both domestic and international levels and had coached Tamil Nadu and Bengal with a great deal of success in domestic competition.
His experience with the Bengal team and at the Eden Gardens would be really useful going into the forthcoming IPL Season 2014.
4) Mr. Joy Bhattacharjya would again take up the role of Team Director with KKR for IPL 2014.
Player retention and player auctions 2014
Ahead of the auctions for IPL 2014 held in Bangalore on 12th
February and 13th February 2014, the Team had option to retain 5 players. But
based on KKR's performance in last IPL 2013 and its desire to maintain its core
team, KKR management decided to retain only 2 players been Gautam Gambhir and
Sunil Narine. All other players were released and majority of the old players
were selected from the auction. The new squad of 21 players had depth in all
aspects of batting, bowling and all-rounder.
FIXED ASSETS:
· Furniture and fixtures
Motor
vehicles
Other
equipments
Office
equipment
PRESS RELEASES
YUSUF PATHAN RATES 22-BALL 72 FOR KOLKATA
KNIGHT RIDERS BETTER THAN 37-BALL HUNDRED FOR RAJASTHAN ROYALS
Yusuf Pathan smashed the fastest ever IPL
fifty off 15 balls on his way to finish with 72 off 22 balls as Kolkata Knight
Riders blew away Sunrisers Hyderabad and finished second in the points table.
Yusuf Pathan rated
his 22-ball 72 for the Kolkata Knight Riders on Saturday higher than his
37-ball hundred for the Rajasthan Royals back in 2010 because this one helped
the Knight Riders defeat Sunrisers Hyderabad by four wickets and finish second
in the group stages.
KKR's top two finish
means they get two cracks at the final and Yusuf, who bagged the Man of the
Match award seemed elated that this monstrous effort helped his team of four
years finish the league stage on a high: "My hundred for the Royals was
also a very good innings but if I have to compare, this knock would rate as the
best I have ever played. Back then I was run-out and could not win the match
for my team, unlike tonight."
Yusuf walked in to
bat with KKR on 55/2 in the 8th over and it the course of his stay, it also
looked like the hosts would struggle to win the game, let alone reach the
target of 161 in 15.2 overs. But thanks to the seven sixes by the burly Baroda
batsman, KKR got there in 14.2, a whole over early.
Yusuf has come under
harsh criticism for often getting out at crucial junctures, playing rash shots.
He was not retained by the 2012 champions, who used their 'Right to Match' card
to bag him in the player auctions this year and it turned out to be a great
buy.
Undeterred by
varying opinions on him, Yusuf said he only played the way the team needed him
to: "I have never really been worried about losing my wicket. I play to
win, I play for my team and if I get out in the process, then so be it. I don't
care about what people say."
The 31-year-old
discard, who became a father earlier in this tournament, said he hit form at
the right time: "I hit form at the right time. It's a great feeling when
the ball hits the middle of the bat and goes a long way into the stands."
Yusuf had managed
only140 runs from nine innings before this game and the 72 was his joint
highest over the last two years. In 2013, Yusuf had scored 72 but that had come
in a losing cause.
Yusuf's knock, in
fact, drew high praise from Knight Riders skipper Gautam Gambhir, who has
himself played several match-winning knocks for KKR and India
"I have never
seen an innings like Yusuf's and I don't think I ever will. I have only dreamt
of such a knock but I saw it in reality tonight." Gambhir said at the
post-match presentation.
Sunrisers Hyderabad captain
Darren Sammy, who was deflated after his team was knocked out of the IPL, said:
"I wish I could play shots like Yusuf; what a phenomenal hitter he is. All
credit to Yusuf for going on the way he did."
U.S. POLO ASSN. CELEBRATES
KOLKATA KNIGHT RIDERS' STYLISH VICTORY!
June 3, 2014
The American
sport-lifestyle brand, U.S. Polo Assn. celebrated KKR's performance as they
claimed their second trophy
Mumbai, Maharashtra, India
U.
S. Polo Assn., Principal Style Sponsors for KKR, celebrated the latter’s
thrilling win in the grand finale of this cricketing season. The last game of
the series was edge-of-the-seat spectacle as Kolkata Knight Riders were all
poised to battle one last time and for the coveted trophy.
Congratulating the KKR team on their triumph,
Mr. Alok Dubey, CEO, Arvind Lifestyle Brands Limited said, “What a thrilling season it has been for both, the
Kolkata Knight Riders and our brand, U.S. Polo Assn. Their astounding win
in the seventh edition of this series has indeed established KKR as the
unequivocal lords of Indian cricketing arena. As Principal Style Sponsors, U.S.
Polo Assn. is proud to have accompanied them on this journey towards a big
second win. We congratulate each and every player for having kept us glued to
every game through the series."
About U.S. POLO ASSN.
U.S. POLO ASSN. brand products are authentic and officially sanctioned by the United States Polo Association, the governing body for the sport of polo in the United States since 1890.
Today, our products are sold through our
licensing program in over 135 countries at independent retail stores,
department stores and U.S. POLO ASSN. brand stores. The U.S. POLO ASSN. brand
carries clothing for men, women and children, as well as accessories, luggage,
watches, shoes, home furnishings and more.
The U.S. POLO ASSN. brand is managed by USPA
Properties, Inc., a wholly owned subsidiary of the U.S. Polo Association. USPA
Properties is a for-profit corporation, and pays royalties to the U.S. Polo
Association for the rights to license their trademarks. As the steward of the
U.S. Polo Association trademarks, Properties’ mission is to develop a long-term
source of revenue for the U.S. Polo Association. This revenue is used to
underwrite numerous programs for education and promotion of the sport of polo
in the U.S.
KOLKATA KNIGHT RIDERS LAND COKE’S SPRITE
BRAND AS SPONSOR
19 February 2009
Kolkata Knight
Riders, the leading IPL team owned and run by some of India's biggest Bollywood
stars, has scored Coca-Cola India as an associate sponsor. Coke will use Sprite
lemonade, the second biggest soft drinks brand in India, as the title brand. In
a side deal it has also been named as the official beverage of the Indian
Premier League.
Coca-Cola is believed to have beaten out its close rival Pepsi-Cola for the
deal. Pepsi recently terminated a decade-long association with KKR's Bollywood
star owner Shah Rukh Khan and sources say the company offered a one-year IPL
sponsorship deal worth around US$800,000 as a 'golden handshake'.
But Pepsi withdrew
after Coke secured all the TV advertising sports available on the Sony Max
channel during the series. Sony Max has exclusive broadcast rights
domestically.
The Sprite branding will appear on the players' shirt sleeves and helmets.
Sprite will also have stadium hoardings and activation rights for all seven
home-matches at the Knight Riders' home venue, the Eden Gardens, according to a
release.
The team is owned by Shah Rukh Khan, actress Juhi Chawla and her husband, Jay
Mehta who were all involved in landing the deal.
The Knight Riders have been scouting for a sponsor ever since real estate major
Housing Development and Infrastructure Limited (HDIL), which had the deal last
season, pulled out this year because of the economic slowdown.
The Sprite lemonade brand will be used by the Knight Riders as part of the
promotions and likewise Coca-Cola will use the KKR branding on its products and
advertising. A sports industry insider said: "Coupled with the official
deal this is a win-win for all parties...except Pepsi."
A Pepsi insider said: "Pepsi does not want to be in a situation where it
spends money on any IPL property, but is unable to leverage that through ads on
Sony Max. The channel's on-air deal promises exclusivity to a sponsor in the
category." The same insider said: "We could not get a single spot
aired on Sony Max, as Coca-Cola picked up the sponsor slots blocking the entire
category."
KKR co-owner Jay Mehta said. "Kolkata Knight Riders has far exceeded the
expectation of competitors and compatriots in terms of our fan following and
the success of our brand and business.
"With Sprite now on board, I am confident we will together provide more
enhanced experiences to our fans and consumers, making the second season of IPL
all the more action-packed and exciting."
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. 61.74 |
|
|
1 |
Rs. 94.65 |
|
Euro |
1 |
Rs. 70.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.