MIRA INFORM REPORT
|
Report No. : |
333465 |
|
Report Date : |
23.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
EROS INTERNATIONAL MEDIA LIMITED (w.e.f. 16.09.2009) |
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|
|
|
Formerly Known
As : |
EROS INTERNATIONAL MEDIA PRIVATE LIMITED |
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Registered
Office : |
201, Kailash Plaza, 2nd Floor, Plot No.12, Off Veera Desai
Road, Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-40538500 |
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Country : |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
19.08.1994 |
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Com. Reg. No.: |
11-080502 |
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Capital
Investment / Paid-up Capital : |
Rs.925.000 Million |
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|
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CIN No.: [Company Identification
No.] |
L99999MH1994PLC080502 |
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|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB04686D |
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PAN No.: [Permanent Account No.] |
AAACR2148H |
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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 into production
and distribution of Indian motion pictures. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (76) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is subsidiary of “Eros Worldwide FZ-LLC”, United Arab
Emirates. It is a well-established company having fine track record. Ratings continue to derive strength from the established track record
of its promoters in the Indian film industry, strong distribution network,
diversified library content of movie rights and favorable financial risk
profile with comfortable capital structure. Rating also takes into considered strong financial and managerial
support that company receives from its holding company. Trade relations are reported as trustworthy. Payments are reported to
be regular and as per commitment. In view of strong business profile backed by adequate financial base,
the company can be considered good for normal 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 |
CARE |
|
Rating |
Long term bank facilities AA- |
|
Rating Explanation |
High degree of safety and very low credit risk |
|
Date |
26.07.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A1- |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk |
|
Date |
26.07.2014 |
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 (91-22-66021500)
LOCATIONS
|
Registered Office : |
201, Kailash Plaza, 2nd Floor, Plot No.12, Off Veera Desai Road,
Mumbai –400053, Maharashtra, India [W.E.F. 05.04.1999] |
|
Tel. No.: |
91-22-40538500 |
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Fax No.: |
91-22-26732586 |
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E-Mail : |
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Website : |
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Corporate Office : |
901/902, 9th Floor, Supreme Chambers, Off Veera Desai Road, Mumbai - 400053, Maharashtra, India. |
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Tel. No.: |
91-22-66021500 |
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Fax No.: |
91-22-66021540 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Naresh Chandra |
|
Designation : |
Non-Executive Chairman & Independent Director |
|
Address : |
C4/4053, Vasant Kunj, |
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Date of Birth/Age : |
01.08.1934 |
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Qualification : |
Master’s degree in Science from the Allahabad University |
|
Date of Appointment : |
28.09.2009 |
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DIN No.: |
00015833 |
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|
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Name : |
Dr. Shankar Nath Acharya |
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Designation : |
Independent Director |
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Address : |
S-523 A, 2nd Floor, Greater Kailash II, New Delhi – 110048 |
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Date of Birth/Age : |
21.10.1945 |
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Qualification : |
Bachelors’ degree in Politics, Philosophy and Economics from Oxford University in 1967 and earned a Doctorate in Economics from the Harvard University in 1972 |
|
Date of Appointment : |
01.11.2009 |
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DIN No.: |
00033242 |
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|
Name : |
Mr. Dhirendra Swarup |
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Designation : |
Independent Director |
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Address : |
A-9 / 13B, Vasant Vihar, |
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Date of Birth/Age : |
05.12.1944 |
|
Qualification : |
Government certified Public Accountant and a Fellow of the
Institute of Public Auditors of India, and has a post graduate degree in
Humanities; |
|
Date of Appointment : |
10.02.2010 |
|
DIN No.: |
02878434 |
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|
Name : |
Mr. Sunil Lulla |
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Designation : |
Executive Vice Chairman & Managing Director |
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Address : |
Plot NO.172, Omkar, |
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Date of Birth/Age : |
29.06.1964 |
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Qualification : |
Bachelor’s degree in Commerce from Mumbai University |
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Date of Appointment : |
19.08.1994 |
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DIN No.: |
00243191 |
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Name : |
Mr. Kishore Lulla |
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Designation : |
Executive Director |
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Address : |
HIghcroft, Totteridge Common, |
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Date of Birth/Age : |
04.09.1961 |
|
Qualification : |
Bachelor’s degree in Arts from Mumbai University |
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Date of Appointment : |
28.09.2009 |
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DIN No.: |
02303295 |
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Name : |
Mr. Vijay Ahuja |
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Designation : |
Executive Director |
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Address : |
10 Draycott, #07-07 Draycott 8, |
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Date of Birth/Age : |
02.04.1957 |
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Qualification : |
Bachelor’s degree in Commerce from Mumbai University |
|
Date of Appointment : |
10.02.2010 |
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DIN No.: |
02966514 |
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|
Name : |
Mrs. Jyoti Deshpande |
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Designation : |
Executive Director |
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Address : |
16, |
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Date of Birth/Age : |
16.12.1970 |
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Qualification : |
Bachelor’s degree in Commerce and Economics and a Master’s
in Business Administration from Mumbai University |
|
Date of Appointment : |
28.09.2009 |
|
DIN No.: |
02303283 |
KEY EXECUTIVES
|
Name : |
Kamal Kumar Jain |
|
Designation : |
Group Chief Financial Officer |
|
Address : |
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|
Date of Birth/Age : |
Dimple Mehta |
|
Qualification : |
Company Secretary & Compliance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2015
|
Category of Shareholder |
Total
No. of Shares held in Dematerialized Form |
Total
Shareholding as a % of Total No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
7000 |
0.01 |
|
|
21700000 |
23.45 |
|
|
21707000 |
23.45 |
|
|
|
|
|
|
47126290 |
50.92 |
|
|
47126290 |
50.92 |
|
Total shareholding of Promoter and Promoter Group (A) |
68833290 |
74.37 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
139519 |
0.15 |
|
|
28096 |
0.03 |
|
|
1136 |
0.00 |
|
|
16899790 |
18.26 |
|
|
2048007 |
2.21 |
|
|
2048007 |
2.21 |
|
|
19116548 |
20.66 |
|
|
|
|
|
|
1598709 |
1.73 |
|
|
|
|
|
|
1856313 |
2.01 |
|
|
379052 |
0.41 |
|
|
765927 |
0.83 |
|
|
224078 |
0.24 |
|
|
541849 |
0.59 |
|
|
4600001 |
4.97 |
|
Total Public shareholding (B) |
23716549 |
25.63 |
|
Total (A)+(B) |
92549839 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
92549839 |
0.00 |
Shareholding
belonging to the category "Promoter and Promoter Group"
|
S. No. |
Name Of The Shareholder |
Details Of
Shares Held |
|
|
No. Of Shares
Held |
As A % Of Grand
Total |
||
|
1 |
Eros Worldwide FZ LLC |
4,71,26,290 |
50.92 |
|
2 |
Eros Digital Private Limited |
2,17,00,000 |
23.45 |
|
3 |
Meena Lulla |
2,800 |
0.00 |
|
4 |
Arjan Lulla |
1,400 |
0.00 |
|
5 |
Krishika Sunil Lulla |
1,400 |
0.00 |
|
6 |
Sunil Lulla |
1,400 |
0.00 |
|
|
Total |
6,88,33,290 |
74.37 |
Shareholding
belonging to the category "Public" and holding more than 1% of the
Total No. of Shares
|
Sl. No. |
Name of the Shareholder |
No. of Shares held |
Shares as % of Total No. of Shares |
Total shares (including underlying shares assuming full conversion of warrants
and convertible securities) as a % of diluted share capital |
|
|
1 |
Government Pension Fund Global |
1925000 |
2.08 |
2.08 |
|
|
2 |
Handelsbankens TillVaxtmarknadsfond |
1360000 |
1.47 |
1.47 |
|
|
3 |
Morgan Stanley Asia (Singapore) Pte. |
1250362 |
1.35 |
1.35 |
|
|
4 |
National Westminister Bank Plc as Trustee of the Jupiter
India Fund |
1238850 |
1.34 |
1.34 |
|
|
5 |
Skagen Kon-Tiki Verdipapirfond |
1180194 |
1.28 |
1.28 |
|
|
6 |
Manulife Global Fund Asian Small Cap Equity Fund |
1081160 |
1.17 |
1.17 |
|
|
7 |
Danske Invest SICAV-SIF Emerging and Frontier Markets SMID |
991599 |
1.07 |
1.07 |
|
|
8 |
Handelsbanken Global Fund |
967989 |
1.05 |
1.05 |
|
|
|
Total |
9995154 |
10.80 |
10.80 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into production
and distribution of Indian motion pictures. |
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Products : |
Not Available |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
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 : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Walker Chandiok and Company LLP Chartered Accountants |
|
Address : |
16th Floor, Tower II, Indiabulls, Finance Centre, S.B. Marg,
Elphistone (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66262600 |
|
Fax No.: |
91-22-66262601 |
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E-Mail : |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Ultimate Holding
Company : (As on 31.03.2014) |
Eros International PLC, Isle of Man |
|
|
|
|
Holding Company : (As on 31.03.2014) |
Eros Worldwide FZ-LLC, United Arab Emirates |
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|
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Subsidiaries : (As on
31.03.2014) |
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Fellow Subsidiary : (As on 31.03.2014) |
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Company in which
KMP / Relatives of KMP can exercise significant influence: (As on 31.03.2014) |
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CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.925.000
Million
As on 25.09.2014
Authorised Capital : Rs.1250.000 Million
Issued, Subscribed & Paid-up Capital : Rs.925.073
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000,000 |
Equity Shares |
Rs.10/- each |
Rs.1250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
91,973,190 |
Equity Shares |
Rs.10/- each |
Rs.919.700 Million |
|
|
|
|
|
Reconciliation of
number of shares and amount outstanding at the beginning and at the end of the
reporting period
|
Particulars |
Number |
Rs. In Million |
|
Shares outstanding at the beginning of the year |
91,921,340 |
919.213 |
|
Shares issued during the year * |
51,850 |
0.519 |
|
Shares outstanding at the end of the year |
91,973,190 |
919.732 |
*The Company has issued total 51,850 shares (Previous year - 184,483) during the year on exercise of options granted under the employees stock option plan (ESOP) wherein part consideration was received in the form of employees services.
Terms/rights attached
to shares
The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per share. The dividend proposed (if any) by the Board of Directors and approved by the shareholders in the Annual General Meeting is paid in Indian rupees. All shares rank pari pasu on repayment of capital in the event of liquidation.
Shares in the company
held by holding/ultimate holding company
|
Name of the
Shareholder |
Number |
Rs. In Million |
|
Eros Worldwide FZ LLC - Holding Company |
47,126,290 |
4,71.300 |
|
Eros Digital Private Limited - Fellow subsidiary |
21,700,000 |
2,17.000 |
Shares in the company
held by each shareholder holding more than 5% shares
|
Name of the
Shareholder |
Number |
% of Holding |
|
Eros Worldwide FZ LLC |
47,126,290 |
51.27 |
|
Eros Digital Private Limited |
21,700,000 |
23.61 |
Details of bonus
shares issued during the period of five years
66,306,500 equity shares were allotted as fully paid up bonus shares in the financial year 2009-10 by capitalization of the surplus in the Statement of Profit and Loss account of the company
Details of equity
shares issued under employees stock option scheme (2009) during the period of
five years immediately preceding the reporting date
The Company has issued total 566,190 shares (Previous year – 514,340) on exercise of options granted under the employees stock option plan (ESOP) wherein part consideration was received in the form of employee services.
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 |
925.000 |
919.700 |
919.200 |
|
(b) Reserves & Surplus |
9369.500 |
8010.400 |
6841.900 |
|
(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) |
10294.500 |
8930.100 |
7761.100 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
953.300 |
973.200 |
1300.900 |
|
(b) Deferred tax liabilities (Net) |
2545.200 |
2051.900 |
1556.300 |
|
(c) Other long term
liabilities |
10.100 |
13.000 |
11.300 |
|
(d) long-term
provisions |
21.300 |
14.300 |
11.300 |
|
Total Non-current
Liabilities (3) |
3529.900 |
3052.400 |
2879.800 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
3099.300 |
2862.900 |
2540.200 |
|
(b) Trade
payables |
464.700 |
369.800 |
437.400 |
|
(c) Other
current liabilities |
3680.600 |
1310.000 |
1038.400 |
|
(d) Short-term
provisions |
181.600 |
250.500 |
125.000 |
|
Total Current
Liabilities (4) |
7426.200 |
4793.200 |
4141.000 |
|
|
|
|
|
|
TOTAL |
21250.600 |
16775.700 |
14781.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
408.200 |
441.200 |
485.100 |
|
(ii) Intangible
Assets |
8238.900 |
6699.900 |
5611.500 |
|
(iii)
Capital work-in-progress |
7780.900 |
4684.500 |
4079.300 |
|
(iv)
Content
Advances (net) |
0.500 |
0.000 |
0.000 |
|
(v)
Films under production |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
204.300 |
204.200 |
204.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1361.600 |
171.100 |
155.700 |
|
(e) Other
Non-current assets |
38.200 |
878.500 |
551.700 |
|
Total Non-Current
Assets |
18032.600 |
13079.400 |
11087.400 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
2.000 |
|
(b)
Inventories |
10.400 |
12.200 |
60.900 |
|
(c) Trade
receivables |
2295.800 |
1727.500 |
1513.200 |
|
(d) Cash
and cash equivalents |
385.400 |
1514.500 |
1704.400 |
|
(e)
Short-term loans and advances |
367.400 |
389.300 |
313.300 |
|
(f) Other
current assets |
159.000 |
52.800 |
100.700 |
|
Total
Current Assets |
3218.000 |
3696.300 |
3694.500 |
|
|
|
|
|
|
TOTAL |
21250.600 |
16775.700 |
14781.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10717.000 |
8571.200 |
9253.100 |
|
|
|
Other Income |
190.100 |
21.700 |
79.100 |
|
|
|
TOTAL (A) |
10907.100 |
8592.900 |
9332.200 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
7469.800 |
5727.900 |
6756.700 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
1.800 |
48.700 |
(8.600) |
|
|
|
Employees benefits expense |
344.100 |
251.400 |
230.300 |
|
|
|
Other expenses |
662.100 |
338.800 |
412.800 |
|
|
|
TOTAL (B) |
8477.800 |
6366.800 |
7391.200 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2429.300 |
2226.100 |
1941.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
384.400 |
327.100 |
93.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2044.900 |
1899.000 |
1847.100 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
66.200 |
47.600 |
56.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1978.700 |
1851.400 |
1790.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
736.800 |
714.700 |
619.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1241.900 |
1136.700 |
1170.900 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4790.200 |
3653.500 |
2701.300 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
58.600 |
|
|
|
Dividend |
|
0.000 |
137.800 |
|
|
|
Tax on Dividend |
|
0.000 |
22.300 |
|
|
BALANCE CARRIED
TO THE B/S |
|
4790.200 |
3653.500 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
1735.200 |
2343.900 |
|
|
TOTAL EARNINGS |
|
1735.200 |
2343.900 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of film/serial rights |
|
0.000 |
171.400 |
|
|
|
Purchase of beta tapes/Masters |
|
0.000 |
0.100 |
|
|
|
Purchase of DVD’s/Blue Ray Disks |
|
0.000 |
0.100 |
|
|
TOTAL IMPORTS |
NA |
0.000 |
171.600 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
13.46 |
12.36 |
12.75 |
|
|
|
Diluted |
13.28 |
12.31 |
12.74 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
500.300 |
190.100 |
|
Cash generated from operations |
NA |
5926.500 |
4606.900 |
|
Net cash generated from operating activities |
NA |
5568.000 |
4155.700 |
QUARTERLY RESULTS
|
Particulars |
30.09.2014 (Unaudited) |
31.12.2014 (Unaudited) |
31.03.2015 (Unaudited) |
|
|
1st Quarter |
2nd
Quarter |
3rd
Quarter |
|
Net Sales |
1459.000 |
3844.000 |
3406.700 |
|
Total Expenditure |
1048.100 |
3034.300 |
2869.500 |
|
PBIDT (Excl OI) |
410.900 |
809.700 |
537.200 |
|
Other Income |
30.900 |
20.100 |
120.500 |
|
Operating Profit |
441.800 |
829.800 |
657.700 |
|
Interest |
109.200 |
97.300 |
84.200 |
|
Exceptional Items |
0.000 |
0.000 |
0.0000 |
|
PBDT |
332.600 |
732.500 |
573.500 |
|
Depreciation |
16.300 |
17.000 |
18.100 |
|
Profit Before Tax |
316.300 |
715.500 |
555.400 |
|
Tax |
110.500 |
276.200 |
203.000 |
|
Provisions and
contingencies |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
205.800 |
439.300 |
352.400 |
|
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 |
205.800 |
439.300 |
352.400 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
11.59 |
13.26 |
12.65 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
22.67 |
25.97 |
20.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.92 |
15.57 |
17.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.21 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.39 |
0.43 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.43 |
0.77 |
0.89 |
STOCK
PRICES
|
Face Value |
Rs.10.00 |
|
Market Value |
Rs.609.90 |
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 |
919.200 |
919.700 |
925.000 |
|
Reserves & Surplus |
6841.900 |
8010.400 |
9369.500 |
|
Net
worth |
7761.100 |
8930.100 |
10294.500 |
|
|
|
|
|
|
long-term borrowings |
1300.900 |
973.200 |
953.300 |
|
Short term borrowings |
2540.200 |
2862.900 |
3099.300 |
|
Total
borrowings |
3841.100 |
3836.100 |
4052.600 |
|
Debt/Equity
ratio |
0.495 |
0.430 |
0.394 |
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 |
9253.100 |
8571.200 |
10717.000 |
|
|
|
(7.369) |
25.035 |
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 |
9253.100 |
8571.200 |
10717.000 |
|
Profit |
1170.900 |
1136.700 |
1241.900 |
|
|
12.65% |
13.26% |
11.59% |
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 |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
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 |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Lodging No. : |
SL/150/2013 |
Failing Date:- |
22/02/2013 |
Reg. No.:- |
S/260/2013 |
Reg. Date:- |
30/03/2013 |
|
Petitioner:- |
RELIANCE MEDIA WORKS LIMITED |
Respondent:- |
EROS INTERNATIONAL MEDIA LIMITED |
||||
|
Petn.Adv:- |
NAIK NAIK AND COMPANY (0) |
Resp. Adv.: |
M/S. HARIANI AND COMPANY (4) (0) |
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
SINGLE |
Category:- |
COPY RIGHT (SUIT) |
||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR FRAMING ISSUES |
||||
|
Last Date:- |
05/01/2015 |
||||||
|
Last Coram:- |
|
||||||
|
Act. : |
Code of Civil Procedure 1908 |
|
|||||
CORPORATE INFORMATION
(As on 31.03.2014)
Eros International Media Limited, was incorporated in India, under the companies Act, 1956. The Company is global player within the Indian media and entertainment industry and is primarily engaged in the business of films production, exploitation and distribution. It operates on a vertically integrated studio model controlling content as well as distribution and exploitation across multiple formats globally, including cinema, digital, home entertainment and television syndication. Its shares are listed on leading stock exchanges in India (BSE Scrip Code;533261; NSE Scrip Code EROSMEDIA )
UNSECURED LOAN
Rs. In Million
|
Particular |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
SHORT TERM
BORROWINGS |
|
|
|
From banks |
|
1371.100 |
|
Loans and advances from related parties |
|
40.800 |
|
Total |
NA |
1411.900 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10504481 |
02/06/2014 |
40,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 1ST FLOOR, UNION
BANK, BHAVAN,239,VIDHAN BHAVAN MARG, NARIMAN POINT, MUMBAI, Maharashtra
- 400021, INDIA |
C07533904 |
|
2 |
10504546 |
27/05/2014 |
20,000,000.00 |
PUNJAB NATIONAL BANK |
LINKING ROAD, SANTRACRUZ (WEST), MUMBAI, Maharashtra - 400054, INDIA |
C07585458 |
|
3 |
10285846 |
25/07/2014 * |
4,464,400,000.00 |
Indian Overseas Bank |
Large Corporate Branch, Plot No. 31, G - Block,, |
C16697567 |
* Date of charge modification
FIXED ASSETS
- Building
- Furniture and fixtures
- Motor vehicles
- Office equipment
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.63.71 |
|
|
1 |
Rs.99.57 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
76 |
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.