MIRA INFORM REPORT
|
Report No. : |
331106 |
|
Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
INOX LEISURE LIMITED |
|
|
|
|
Registered
Office : |
ABS Towers, Old Padra Road, Vadodara – 390007, Gujarat |
|
Tel. No.: |
91-22-40626900 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
09.11.1999 |
|
|
|
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Com. Reg. No.: |
04-044045 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 961.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L92199GJ1999PLC044045 |
|
|
|
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IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
|
|
Line of Business
: |
Subject is engaged in the business of operating and managing
multiplexes and cinema theatres. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
--(Matter converted Tax AP/167/2012) |
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Comments : |
Subject was incorporated in 1999. It is a part of Inox Group. It is
the second-largest multiplex player in India. It is engaged in Film Exhibition, wherein it establishes and operates
multiplexes. It is a well-established and reputed company having a fine track. The rating also takes into consideration established market position
and strong brand in the film business. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. The company can be considered normal 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = A+ |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk. |
|
Date |
May 15, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry lowest credit risk. |
|
Date |
May 15, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED
Management non co-operative (Tel No.: 91-22-40626900)
LOCATIONS
|
Registered Office : |
ABS Towers, Old Padra Road, Vadodara – 390007, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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Corporate Office : |
Inox Leisure Limited, 5th Floor, Viraj Towers, Next to Andheri
Flyover, Western Express Highway, Andheri (E), Mumbai – 400093, Maharashtra,
India |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Pavan Jain |
|
Designation : |
Non-Executive Director |
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|
|
|
Name : |
Mr. Vivek Jain |
|
Designation : |
Non-Executive Director |
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|
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|
Name : |
Mr. Deepak Asher |
|
Designation : |
Non-Executive Director |
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|
|
|
Name : |
Mr. Siddharth Jain |
|
Designation : |
Non-Executive Director |
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|
|
|
Name : |
Mr. Haigreve Khaitan |
|
Designation : |
Independent Director |
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|
|
|
Name : |
Mr. Amit Jatia |
|
Designation : |
Independent Director |
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|
|
|
Name : |
Mr. Kishore Biyani |
|
Designation : |
Independent Director |
KEY EXECUTIVES
|
Name : |
Mr. Miket Shashikant Bahuva |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of
Shareholder |
No. of Shares |
% of Holdings |
|
(A) Shareholding
of Promoter and Promoter Group |
||
|
|
|
|
|
|
46973928 |
48.70 |
|
|
46973928 |
48.70 |
|
|
|
|
|
Total
shareholding of Promoter and Promoter Group (A) |
46973928 |
48.70 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
7203132 |
7.47 |
|
|
96746 |
0.10 |
|
|
19971394 |
20.70 |
|
|
27271272 |
28.27 |
|
|
|
|
|
|
4968111 |
5.15 |
|
|
|
|
|
|
5659457 |
5.87 |
|
|
4795009 |
4.97 |
|
|
6789977 |
7.04 |
|
|
423452 |
0.44 |
|
|
4651509 |
4.82 |
|
|
89571 |
0.09 |
|
|
1625445 |
1.69 |
|
|
22212554 |
23.03 |
|
Total Public
shareholding (B) |
49483826 |
51.30 |
|
Total (A)+(B) |
96457754 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total
(A)+(B)+(C) |
96457754 |
0.00 |
Shareholding of securities (including shares, warrants, convertible
securities) of persons belonging to the category Promoter and Promoter Group
|
Sl.No. |
Name of the
Shareholder |
Details of Shares held |
|
|
No. of Shares held |
As a % of grand total (A)+(B)+(C) |
||
|
1 |
Gujarat Fluorochemicals Ltd |
4,63,86,467 |
48.09 |
|
2 |
Inox Leasing & Finance Ltd |
5,87,461 |
0.61 |
|
|
Total |
4,69,73,928 |
48.70 |
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the
Shareholder |
No. of Shares
held |
Shares as % of
Total No. of Shares |
|
|
1 |
Pravin Kumar Jain Vivek Kumar Jain & Deepak Asher Trustee of Inox
Benefit Trust |
4350092 |
4.51 |
|
|
2 |
Kuwait Investment Authority Fund No. 208 |
4563357 |
4.73 |
|
|
3 |
Macquarie Fund Solutions A/c Macquaries Fund Solutions - Macquarie
Asia New Stars Fund |
2968417 |
3.08 |
|
|
4 |
Goldman Sachs India Fund Ltd |
4061915 |
4.21 |
|
|
5 |
Government Pension Fund Global |
2400000 |
2.49 |
|
|
6 |
Tata Balanced Fund |
1000000 |
1.04 |
|
|
7 |
Aadi Financial Advisors LLP |
1436395 |
1.49 |
|
|
8 |
Morgan Stanley Sicav (Mauritius) Ltd |
1163326 |
1.21 |
|
|
9 |
ICICI Prudential Growth Fund - Series 1 |
1045682 |
1.08 |
|
|
10 |
Kamal Shyamsunder Kabra |
1000200 |
1.04 |
|
|
11 |
Macquarie Unit Trust Series -Macquarie Asiaa New Stars Fund |
1148975 |
1.19 |
|
|
|
Total |
25138359 |
26.06 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of operating and managing
multiplexes and cinema theatres. |
|
|
|
|
Products : |
Not Divulged |
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|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
Axis Bank Limited, "Vardhman Complex", Opposite
G.E.B. Office, Race Course (North), Vadodara – 390007, Gujarat, India |
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Facilities : |
(Rs.
In Million)
NOTE: LONG TERM
BORROWINGS Nature of Security
and terms of repayment for secured borrowings: a) Term loans from Axis Bank amounting to Rs. 598.067 Million (previous year Rs. 432.225 Million) carries interest @ bank base rate + 1.25 % p.a which presently is 11.50%. The loans are secured by mortgage of immovable property situated at Vadodara and Anand and first exclusive charge on all movable fixed assets and current assets of the new multiplexes/ property financed by the said term loans and escrow of entire cash flows relating to such multiplexes. b) Term loan from Citi Bank amounting to Rs. Nil (previous year Rs. 49.999 Million) carried interest @ 8.75% p.a and was secured by mortgage of immovable property situated at Pune and charge on all movable assets situated at Pune, Thane, Rajapark (Jaipur) and Madurai multiplexes and four future properties. c) Term loan from ING Vysya Bank amounting to Rs. Nil (previous year Rs. 77.779 Million) carried interest @ 9.5% p.a and was secured by charge on immovable property situated at Nariman Point and exclusive charge on all the current and fixed assets situated at Vizag Beach Road, Vizag CMR Mall, Kanpur, Belgaum, J.P.Nagar (Bangalore), Kharghar multiplexes and one future multiplex. Terms of repayment
for unsecured borrowings: The inter-corporate deposits are repayable in 3 to 8 years from the date of the respective deposits and carry interest in the range of 10% to 11%. SHORT TERM BORROWINGS a) Short Term loan from Axis Bank amounting to Rs. Nil (previous year Rs. 80.000 Million) carried interest @ bank base rate + 1.25 % p.a which was 11.50%. The loan was secured by mortgage of immovable property situated at Vadodara and charge on all stocks, debts and movable properties situated at Amanora-Pune, Hyderabad-2, Udaipur, Bhubaneshwar, Bhopal, Vijayanagaram, Element Mall-Jaipur, RPG Mall-Kolkata, Surat, and Vizag-3 properties. b) Bank overdraft is secured against first charge on the entire current assets of the Company, both present and future; and extension of first charge by way of mortgage of property at Vadodara and Anand, Gujarat c) Short term inter-corporate deposit was repayable on
demand and carried interest @ 10%. |
|
Auditors : |
|
|
Name : |
Patankar and Associates Chartered Accountant |
|
|
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Memberships : |
-- |
|
|
|
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Collaborators : |
-- |
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|
|
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Fellow Subsidiaries
: |
|
|
|
|
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Joint Venture : |
Swanston Multiplex Cinemas Private Limited |
|
|
|
|
Enterprises over
which KMP, or his relative, has significant influence : |
|
|
|
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 961.600
AS ON 10.09.2014
Authorised Capital : Rs. 1400.700 Million
Issued, Subscribed & Paid-up Capital : Rs. 964.577
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
140050000 |
Equity Shares |
Rs.10/- each |
Rs. 1400.500 Million |
|
10000 |
Preference Shares |
Rs. 10/- each |
Rs. 0.100 Million |
|
|
Total |
|
Rs. 1400.600
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
96457754 |
Equity Shares |
Rs.10/- each |
Rs. 964.578
Million |
|
|
Less: 311580 Equity Shares |
Rs. 10/-
each |
Rs. 3.116
Million |
|
|
Total |
|
Rs. 961.462 Million |
(A) Reconciliation of
the equity shares outstanding at the beginning and at the end of the reporting
period
|
Particulars |
As at 31st
March 2014 |
|
|
No. of Shares |
Rs. In Million |
|
|
At the beginning of the year |
61562391 |
615.624 |
|
Add: |
|
|
|
a) Shares issued pursuant to Amalgamation of
Fame India Limited |
34562206 |
345.622 |
|
b) Issued during the year under ESOP |
21577 |
0.216 |
|
|
96146174 |
961.462 |
|
Less: Interest I Inox Benefit Trust – Shares
of company held by the Trust |
19931570 |
199.316 |
|
Total |
76214604 |
762.146 |
(B) Terms/rights attached to equity shares
The Company has only one class of equity shares having a par value of Rs. 10 per share. Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to approval of the shareholders in the Annual General Meeting. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive the remaining assets of the Company, in proportion to their shareholding.
(C) Equity shares
held by holding / ultimate holding company
|
Particulars |
As at 31st
March 2014 |
|
|
No. of Shares |
Rs. In Million |
|
|
Gujarat Fluorochemicals Limited – the
holding company |
46386467 |
463.865 |
|
Inox leasing and finance limited - the ultimate holding company |
587461 |
5.875 |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
961.600 |
961.462 |
615.624 |
|
(b) Share Capital to be issued |
0.000 |
0.000 |
345.622 |
|
(c) Reserves & Surplus |
6174.200 |
4444.439 |
4119.372 |
|
(d) Interest in Inox Benefit Trust, at cost |
(326.700) |
(1496.889) |
(1834.845) |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
6809.100 |
3909.012 |
3245.773 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2005.100 |
2148.299 |
2237.376 |
|
(b) Deferred tax liabilities (Net) |
230.900 |
290.030 |
227.557 |
|
(c) Other long term
liabilities |
41.500 |
240.092 |
394.848 |
|
(d) long-term
provisions |
54.100 |
41.343 |
39.015 |
|
Total Non-current
Liabilities (3) |
2331.600 |
2719.764 |
2898.796 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
141.000 |
88.769 |
222.934 |
|
(b) Trade
payables |
773.000 |
720.469 |
561.051 |
|
(c) Other
current liabilities |
876.900 |
932.233 |
947.099 |
|
(d) Short-term
provisions |
149.100 |
210.642 |
258.478 |
|
Total Current
Liabilities (4) |
1940.000 |
1952.113 |
1989.562 |
|
|
|
|
|
|
TOTAL |
11080.700 |
8580.889 |
8134.131 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6131.900 |
5829.132 |
5503.513 |
|
(ii)
Intangible Assets |
0.000 |
32.061 |
24.031 |
|
(iii)
Capital work-in-progress |
0.000 |
485.429 |
422.573 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1888.500 |
9.827 |
9.597 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1635.300 |
1443.288 |
1329.849 |
|
(e) Other
Non-current assets |
35.000 |
22.513 |
24.896 |
|
Total Non-Current
Assets |
9690.700 |
7822.250 |
7314.459 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
64.100 |
27.291 |
1.054 |
|
(b)
Inventories |
68.900 |
85.893 |
54.648 |
|
(c) Trade
receivables |
565.300 |
334.183 |
366.679 |
|
(d) Cash
and cash equivalents |
121.800 |
165.597 |
233.344 |
|
(e)
Short-term loans and advances |
552.400 |
127.621 |
137.392 |
|
(f) Other
current assets |
17.500 |
18.054 |
26.555 |
|
Total
Current Assets |
1390.000 |
758.639 |
819.672 |
|
|
|
|
|
|
TOTAL |
11080.700 |
8580.889 |
8134.131 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9536.900 |
8688.291 |
7652.856 |
|
|
|
Other Income |
110.500 |
89.478 |
36.246 |
|
|
|
TOTAL |
9647.400 |
8777.769 |
7689.102 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Entertainment Tax |
1139.600 |
1060.705 |
1020.408 |
|
|
|
Exhibition Cost |
2309.000 |
2234.892 |
2099.427 |
|
|
|
Cost of Food and Beverages |
461.000 |
466.418 |
425.909 |
|
|
|
Employee Benefits expenses |
602.500 |
495.670 |
426.940 |
|
|
|
Property rent, conducting fees and common facility charges |
1629.600 |
0.000 |
0.000 |
|
|
|
Other expenses |
2188.200 |
3211.024 |
2700.079 |
|
|
|
Exceptional Items |
5.100 |
3.900 |
25.000 |
|
|
|
TOTAL |
8335.000 |
7472.609 |
6697.763 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1312.400 |
1305.160 |
991.339 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
384.300 |
276.337 |
266.977 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
928.100 |
1028.823 |
724.362 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
714.600 |
506.890 |
430.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
213.500 |
521.933 |
293.612 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
-34.100 |
152.573 |
109.149 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
247.600 |
369.360 |
184.463 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
0.000 |
|
|
|
Stores & Spares |
NA |
NA |
3.472 |
|
|
|
Capital Goods |
NA |
NA |
760.272 |
|
|
TOTAL IMPORTS |
NA |
NA |
763.744 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.70 |
4.85 |
2.57 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
349.627 |
|
Cash generated from operations |
NA |
1347.072 |
743.481 |
|
Net cash flow from (used in) operation |
NA |
1254.601 |
713.097 |
QUARTERLY RESULTS
(Rs.
In Million)
|
PARTICULARS |
30.06.2014 1st
Quarter |
30.09.2014 2nd
Quarter |
31.12.2014 3rd
Quarter |
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
|
Net Sales |
2323.700 |
2501.900 |
2722.600 |
|
Total Expenditure |
2030.100 |
2141.300 |
2299.700 |
|
PBIDT (Excl OI) |
293.600 |
360.600 |
422.900 |
|
Other Income |
8.300 |
13.200 |
50.300 |
|
Operating Profit |
301.900 |
373.800 |
473.200 |
|
Interest |
64.500 |
113.500 |
123.400 |
|
Exceptional Items |
(5.000) |
0.000 |
0.000 |
|
PBDT |
232.400 |
260.300 |
349.800 |
|
Depreciation |
180.900 |
182.600 |
187.900 |
|
Profit Before Tax |
51.500 |
77.700 |
161.900 |
|
Tax |
5.700 |
15.400 |
43.600 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
45.800 |
62.300 |
118.300 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
|
Net Profit |
45.800 |
623.300 |
118.300 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.60 |
4.25 |
2.41 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
13.76 |
15.02 |
12.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.32 |
6.09 |
3.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.13 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.32 |
0.57 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.72 |
0.39 |
0.41 |
STOCK
PRICES
|
Face Value |
Rs. 10.00/- |
|
Market Value |
Rs. 177.80/- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
615.624 |
961.462 |
961.600 |
|
Reserves & Surplus |
4119.372 |
4444.439 |
6174.200 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
4734.996 |
5405.901 |
7135.800 |
|
|
|
|
|
|
long-term borrowings |
2237.376 |
2148.299 |
2005.100 |
|
Short term borrowings |
222.934 |
88.769 |
141.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
2460.310 |
2237.068 |
2146.100 |
|
Debt/Equity
ratio |
0.520 |
0.414 |
0.301 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7652.856 |
8688.291 |
9536.900 |
|
|
|
13.530 |
9.767 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
7652.856 |
8688.291 |
9536.900 |
|
Profit |
184.463 |
369.360 |
247.600 |
|
|
2.41% |
4.25% |
2.60% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
No |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
------ |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
------ |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
------ |
|
33 |
Market information |
------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
MANAGEMENT DISCUSSION
AND ANALYSIS
INDUSTRY STRUCTURE
AND DEVELOPMENTS:
The film industry has recorded a healthy growth both in terms of content and box office collections in the year 2013-14. The industry is projected to grow at a Compound Average Growth Rate (CAGR) of 11.9%* to touch Rs. 219.8 billion in 2018. Domestic theatrical revenues are expected to continue dominating the overall film exhibition pie. Growth in the number of screens by multiplexes contributed largely to the growth in domestic theatrical revenues. Penetration is now moving into tier II, III and even tier IV cities, which are experiencing rapid urbanization and greater economic growth.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10468397 |
23/03/2015 * |
1,115,800,000.00 |
Axis Bank Limited |
"Vardhman Complex", Opposite G.E.B. Office, Race Course (North), Vadodara, Gujarat - 390007, INDIA |
C49112915 |
FIXED ASSETS
- Land
- Building
- Leasehold
Improvement
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Office
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 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. 63.37 |
|
UK Pound |
1 |
Rs. 98.86 |
|
Euro |
1 |
Rs. 69.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
63 |
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.