MIRA INFORM REPORT
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Report No. : |
322168 |
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Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
TAM MEDIA RESEARCH PRIVATE LIMITED |
|
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Registered
Office : |
9th Floor, Hincon House (Tower B),
247 Park, LBS Marg, Vikhroli West, Mumbai – 400083, Maharashtra |
|
Tel No. : |
91-22-66531200 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.02.1998 |
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Com. Reg. No.: |
11-113739 |
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Capital
Investment / Paid-up Capital : |
Rs. 12.500 Million |
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CIN No.: [Company Identification
No.] |
U73200MH1998PTC113739 |
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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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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Service provider of media research services. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having fine track. The company has reported marginal growth in its turnover, but the net
profitability has decreased by 40% over previous year. However, the company has good financial risk profile marked by healthy
net worth, debt free balance sheet and comfortable liquidity position.
Overall financial condition is good during FY2014. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. In the view of aforesaid, subject 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Shaji |
|
Designation : |
Vice President – Finance |
|
Contact No.: |
91-22-66531200 |
|
Date : |
12.05.2015 |
LOCATIONS
|
Registered Office : |
9th Floor, Hincon House (Tower
B), 247 Park, LBS Marg, Vikhroli West, Mumbai – 400083, Maharashtra, India |
|
Tel. No.: |
91-22-66531200 |
|
Fax No.: |
91-22-5772626 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Prashant Mahesh Singh |
|
Designation : |
Director |
|
Address : |
405/B, Paradise CHS, Raheja Vihar Complex, Village Tunga, Mumbai- 400072,
Maharashtra, India |
|
Date of Birth/Age : |
15.09.1977 |
|
Date of Appointment : |
03.08.2012 |
|
DIN No.: |
05346510 |
|
|
|
|
Name : |
Mr. Thomas Mammen Puliyel |
|
Designation : |
Director |
|
Address : |
5 Niravana, 24th TPS III, Bandra (West), Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
06.08.1955 |
|
Date of Appointment : |
18.09.2000 |
|
DIN No.: |
00195762 |
|
|
|
|
Name : |
Mr. Andrew James Brown |
|
Designation : |
Director |
|
Address : |
16, Merton Hall Road, Wimbledon, London |
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Date of Birth/Age : |
26.02.1963 |
|
Date of Appointment : |
25.05.2005 |
|
DIN No.: |
02751152 |
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|
|
|
Name : |
Mr. Piyush Yugal Mathur |
|
Designation : |
Director |
|
Address : |
Hiranandani Garden, Odyssey II, Flat No. 1302, Powai, Mumbai – 400076,
Maharashtra, India |
|
Date of Birth/Age : |
05.04.1970 |
|
Date of Appointment : |
04.06.2013 |
|
DIN No.: |
02942729 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Nielsen (India) Private Limited, India |
625000 |
50.00 |
|
Kantar Market Research Services Private Limited, India |
250000 |
20.00 |
|
Cavendish Square Holdings BV, Netherlands |
375000 |
30.00 |
|
|
|
|
|
Total |
1250000 |
100.00 |
As on30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
30.00 |
|
Bodies corporate |
70.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service provider of media research services. |
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Products : |
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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 : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
Not Divulged |
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Bankers : |
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Auditors : |
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Name : |
BSR and Company Chartered Accountants |
|
Address : |
1st Floor, Lodha Excelus, Apollo Mills compound, N.M. Joshi
Marg, Mahalakshami. Mumbai – 400011, Maharashtra, India |
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PAN No.: |
AAIFB7357B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Joint Venture : |
DIN
No.: U74130MH1998PTC115920
DIN
No.: U74999MH1983PTC029651 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,300,000 |
Equity Shares |
Rs.10/- each |
Rs. 13.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500
Million |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
12.500 |
12.500 |
12.500 |
|
(b) Reserves & Surplus |
1043.700 |
948.839 |
782.120 |
|
(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) |
1056.200 |
961.339 |
794.620 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
72.000 |
144.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
36.297 |
31.940 |
24.202 |
|
(d) long-term provisions |
23.175 |
24.095 |
18.511 |
|
Total
Non-current Liabilities (3) |
59.472 |
128.035 |
186.713 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
30.532 |
29.137 |
25.610 |
|
(c) Other current liabilities |
234.854 |
241.711 |
239.010 |
|
(d) Short-term provisions |
11.939 |
7.568 |
4.487 |
|
Total
Current Liabilities (4) |
277.325 |
278.416 |
269.107 |
|
|
|
|
|
|
TOTAL |
1392.997 |
1367.790 |
1250.440 |
|
|
|
|
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|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
626.329 |
611.624 |
607.584 |
|
(ii) Intangible Assets |
8.746 |
5.028 |
3.766 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
7.554 |
9.788 |
0.452 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
97.774 |
83.500 |
61.170 |
|
(d) Long-term Loan and Advances |
127.426 |
63.741 |
42.724 |
|
(e) Other Non-current assets |
6.247 |
10.259 |
6.472 |
|
Total
Non-Current Assets |
874.076 |
783.940 |
722.168 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
206.491 |
229.165 |
179.777 |
|
(d) Cash and cash equivalents |
286.653 |
328.185 |
316.415 |
|
(e) Short-term loans and
advances |
22.284 |
20.745 |
24.123 |
|
(f) Other current assets |
3.493 |
5.755 |
7.957 |
|
Total
Current Assets |
518.921 |
583.850 |
528.272 |
|
|
|
|
|
|
TOTAL |
1392.997 |
1367.790 |
1250.440 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL
INCOME |
1237.600 |
1146.900 |
1035.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
891.800 |
727.900 |
636.400 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
345.800 |
419.000 |
399.300 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
197.700 |
169.600 |
154.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
148.100 |
249.400 |
245.100 |
|
|
|
|
|
|
|
Less |
TAX |
53.200 |
82.700 |
79.400 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
94.900 |
166.700 |
165.700 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
75.92 |
133.36 |
132.56 |
Expected Sales (2014-2015) : Rs. 1300.000 Million
The above information has been parted by Mr. Shaji
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
7.67 |
14.53 |
16.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.50 |
19.57 |
20.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.26 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.07 |
0.18 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87 |
2.10 |
1.96 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
782.120 |
948.839 |
1043.700 |
|
Net
worth |
794.620 |
961.339 |
1056.200 |
|
|
|
|
|
|
long-term borrowings |
144.000 |
72.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
144.000 |
72.000 |
0.000 |
|
Debt/Equity
ratio |
0.181 |
0.075 |
0.000 |
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) |
|
Sales |
1035.700 |
1146.900 |
1237.600 |
|
|
|
10.737 |
7.908 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1035.700 |
1146.900 |
1237.600 |
|
Profit |
165.700 |
166.700 |
94.900 |
|
|
16.00% |
14.53% |
7.67% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
Current maturities of long-term debt |
72.000 |
72.000 |
72.000 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
|
LITIGATION DETAILS |
||||||||||
|
Bench:- Bombay |
||||||||||
|
Lodging No. : |
CONPL/7/2015 |
Failing Date:- |
14/01/2015 |
|
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|
||||
|
Main Matter |
||||||||||
|
Lodging
No.: |
ARBPL/1812/2014 |
Reg.
No.:- |
ARBP/161/2015 |
|||||||
|
Petitioner:- |
POLIMER MEDIA PVT. LTD. |
Respondent:- |
TAM MEDIA RESEARCH PVT. LTD. |
|||||||
|
Petn.Adv:- |
ASHOK PUROHIT AND COMPANY (I7025) |
Resp. Adv.: |
0 (0) |
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|
District:- |
OUTSIDE MAHARASHTRA |
|||||||||
|
Bench:- |
SINGLE |
Category:- |
TAX APPEALS CONTEMPT MATTER SUIT |
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|
Status:- |
Pre-Admission |
Stage:- |
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Act. : |
Arbitration and Conciliation Act 1996 |
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OPERATION
The company has earned total revenue of Rs. 1210.000 Million as compared
to Rs. 1120.000 Million in the previous year. The net profit before tax is Rs. 148.100
Million as compared to Rs. 249.400 Million in the previous year.
The revenue has shown a growth of 7.83% over the previous year revenue
and the profitability has decreased by 40.62% over the previous year.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term Loan from Banks |
0.000 |
72.000 |
|
|
|
|
|
Total |
0.000 |
72.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90142390 |
12/04/1999 |
414,168.00 |
THE HONKONG AND SHANGHAI BANKING CORPO LTD |
NETWORK SERVICE CENTRE SUDAM KALU AHIRE
MARG, MUMB |
- |
* Date of charge modification
FIXED ASSETS
- Furniture and fixtures
- Vehicle
- Office Equipment
- Computer 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 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.64.19 |
|
|
1 |
Rs.100.8 |
|
Euro |
1 |
Rs.72.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.