MIRA INFORM REPORT
|
Report No. : |
342282 |
|
Report Date : |
22.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ADLABS ENTERTAINMENT LIMITED (w.e.f 27.04.2010) |
|
|
|
|
Formerly Known
As : |
ADLABS ENTERTAINMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
30/31 Sangdewadi, Khopoli Pali Road, Taluka Khalapur – 410203,
Maharashtra |
|
Tel. No.: |
91-2192-669749 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.02.2010 |
|
|
|
|
Com. Reg. No.: |
11-199925 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.484.630 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92490MH2010PLC199925 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA36796E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA2573P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged into Building and Running of Amusement Park. (Name of Park is “Adlabs Imagica”) |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Thrill Park Limited” India. It is an
established company incorporated in the year 2010 having satisfactory track. Subject is engaged into building and running of Amusement park. The company commenced its commercial operation from April 2013. It has
achieved a decent turnover from its first year of operation and incurred a
loss. Borrowings recorded by the company are also huge. However, weakness of the company is partially offset by the
resourceful promoters with diversified experience in media and entertainment
industry. The rating also takes into consideration the encouraging response of
theme park called “Imagica” and a water park called “AQUA IMAGICA” which are
doing good business with rides of international quality standards. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitment. In view of the aforesaid, the company can be considered normal for business
dealings at usual trade terms and condition. |
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 = BBB- |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk |
|
Date |
May 25, 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) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DENIED
Management non co-operative (Tel. No.: 91-2192-669900)
LOCATIONS
|
Registered Office : |
30/31 Sangdewadi, Khopoli Pali Road, Taluka Khalapur – 410203,
Maharashtra, India |
|
Tel. No.: |
91-2192-669749 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
9th Floor, Lotus Business Park, New Link Road, Andheri (West),
Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-40680000 / 40680018 |
|
Fax No.: |
91-22-40680088 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Manmohan Ramanna Shetty |
|
Designation : |
Director |
|
Address : |
21, Golden Beach, Ruia Park Road, Juhu, Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
24.02.1948 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
02.09.2013 |
|
PAN No.: |
AAIPS2569L |
|
DIN No.: |
00013961 |
|
|
|
|
Name : |
Mr. Kapil Vishnuprasad Bagla |
|
Designation : |
Whole-time Director |
|
Address : |
4A/ 401-402, Himalaya Building, Asha Nagar, Off Western Express Highway, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
09.10.1968 |
|
Qualification : |
B.E., M.M.S. |
|
Date of Appointment : |
06.07.2011 |
|
PAN No.: |
AABPB2274N |
|
DIN No.: |
00387814 |
|
|
|
|
Name : |
Mr. Prashant Purker |
|
Designation : |
Nominee director |
|
Address : |
1-C-1 Lloyd's Garden, Appa Saheb Marathe Marg, Prabhadevi, Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1962 |
|
Date of Appointment : |
20.11.2013 |
|
DIN No.: |
00082481 |
|
|
|
|
Name : |
Madam Anjali Seth |
|
Designation : |
Director |
|
Address : |
B-1301, Birchwood CHS Limited, Main Street, Hiranandani Gardens, Powai, Mumbai-400076, Maharashtra, India |
|
Date of Birth/Age : |
25.10.1958 |
|
Date of Appointment : |
04.04.2014 |
|
DIN No.: |
05234352 |
|
|
|
|
Name : |
Mr. Ghulam Mohmemed |
|
Designation : |
Director |
|
Address : |
1303, Shubda, Sir Pochkanwala Road, Worli, Mumbai-400018, Maharashtra, India |
|
Date of Birth/Age : |
24.11.1948 |
|
Date of Appointment : |
04.04.2014 |
|
DIN No.: |
00591038 |
|
|
|
|
Name : |
Mr. Steven A. Pinto |
|
Designation : |
Director |
|
Address : |
A-II, Tahnee Hights, 66 Nepean Sea Road, Mumbai- 400006, Maharashtra, India |
|
Date of Birth/Age : |
29.11.1945 |
|
Date of Appointment : |
04.04.1914 |
|
DIN No.: |
00871062 |
KEY EXECUTIVES
|
Name : |
Mr. Deepak |
|
Designation : |
Accounts |
|
|
|
|
Name : |
Mr. G. S. Jhala |
|
Designation : |
Secretory |
|
Address : |
Bari Sadri House, 18 Naiyon Ki Talai, Udaipur-313001, Rajasthan, India |
|
Date of Birth/Age : |
04.07.1959 |
|
Date of Appointment : |
14.08.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Name of
Shareholders |
No of
Shares |
|
Thrill Park Limited, |
45618570 |
|
Manmohan Shetty |
2842152 |
|
Mayuresh Kore |
1775 |
|
Kapil Bagla |
178 |
|
Chandir Gidwani |
178 |
|
Deepak Agrawal |
178 |
|
IDBI Trusteeship Services Limited, India |
04 |
|
Total |
48463035 |
|
Name of Alotees |
No of
Shares |
|
Nylim Jacob Ballas India Holdings IV , Mauritius |
95 |
|
Jacob Ballas Capital India Private Limited, India |
5 |
|
Total |
100 |
AS ON 30.09.2014
Equity Shares Break – up
|
Category |
Percentage |
|
Bodies corporate |
94.13 |
|
Directors or relatives of Directors |
5.87 |
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Building and Running of Amusement Park. (Name of Park is “Adlabs Imagica”) |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
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 : |
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||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Financial Institution: |
· IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17 R Kamani Marg, Ballard Estate, Mumbai
– 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
A. T. Jain and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
PAN No.: |
AABFA2587P |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
·
Thrill Park Limited, India CIN No.: U92190MH2007PLC175250 |
|
|
|
|
Entities controlled by directors / Promoter: |
·
Walkwater Properties Private Limited CIN No.: U45400MH2007PTC175247 ·
Dream Estates ·
Walkwater India Limited |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000,000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48,463,135 |
Equity Shares |
Rs.10/- each |
Rs.484.631 Million |
|
|
|
|
|
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000,000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48,463,035 |
Equity Shares |
Rs.10/- each |
Rs.484.630 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
484.630 |
458.721 |
419.167 |
|
(b) Reserves & Surplus |
2651.766 |
2635.248 |
2084.777 |
|
(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) |
3136.396 |
3093.969 |
2503.944 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10880.437 |
6388.806 |
30.705 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
15.447 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
10.389 |
0.964 |
|
Total Non-current
Liabilities (3) |
10895.884 |
6399.195 |
31.669 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
520.000 |
1492.222 |
1950.125 |
|
(b) Trade
payables |
146.872 |
4.648 |
2.469 |
|
(c) Other
current liabilities |
302.652 |
548.692 |
183.007 |
|
(d) Short-term provisions |
0.559 |
7.013 |
4.423 |
|
Total Current
Liabilities (4) |
970.083 |
2052.575 |
2140.024 |
|
|
|
|
|
|
TOTAL |
15002.363 |
11545.739 |
4675.637 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
12870.411 |
2470.130 |
2299.018 |
|
(ii)
Intangible Assets |
73.325 |
4.394 |
2.219 |
|
(iii)
Capital work-in-progress |
1000.891 |
8229.591 |
2155.902 |
|
(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) |
143.473 |
7.427 |
0.000 |
|
(d) Long-term Loan and Advances |
103.571 |
102.721 |
68.854 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
14191.671 |
10814.263 |
4525.993 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
49.488 |
0.000 |
0.000 |
|
(c) Trade
receivables |
6.332 |
0.000 |
0.000 |
|
(d) Cash and
cash equivalents |
355.772 |
297.407 |
61.897 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
399.100 |
434.069 |
87.747 |
|
Total
Current Assets |
810.692 |
731.476 |
149.644 |
|
|
|
|
|
|
TOTAL |
15002.363 |
11545.739 |
4675.637 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1038.020 |
0.000 |
0.000 |
|
|
|
Other Income |
32.109 |
39.298 |
0.000 |
|
|
|
TOTAL (A) |
1070.129 |
39.298 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
70.588 |
33.435 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
43.060 |
0.000 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(10.578) |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
200.046 |
0.000 |
0.000 |
|
|
|
Other Expenses |
696.402 |
27.102 |
5.296 |
|
|
|
Exceptional items |
3.725 |
0.635 |
0.000 |
|
|
|
TOTAL (B) |
1003.243 |
61.172 |
5.296 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
66.886 |
(21.874) |
(5.296) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
425.327 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(358.441) |
(21.874) |
(5.296) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
305.179 |
0.130 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(663.620) |
(22.004) |
(5.296) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(136.046) |
(7.429) |
0.760 |
|
|
|
|
|
|
|
|
|
|
PROFIT /
(LOSS) AFTER TAX (G-H) (I) |
(527.574) |
(14.575) |
(6.056) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.00 |
(0.33) |
(0.16) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(50.83) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.44 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.79) |
(0.67) |
(0.21) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.21) |
(0.01) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.63 |
2.55 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84 |
0.36 |
0.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
419.167 |
458.721 |
484.630 |
|
Reserves & Surplus |
2084.777 |
2635.248 |
2651.766 |
|
Net
worth |
2503.944 |
3093.969 |
3136.396 |
|
|
|
|
|
|
long-term borrowings |
30.705 |
6388.806 |
10880.437 |
|
Short term borrowings |
1950.125 |
1492.222 |
520.000 |
|
Total
borrowings |
1980.830 |
7881.028 |
11400.437 |
|
Debt/Equity
ratio |
0.791 |
2.547 |
3.635 |
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 One year |
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
0.105 |
0.105 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
520.000 |
570.000 |
|
Total |
520.105 |
570.105 |
OPERATIONS
The company owns
and operates, Imagica. The Theme Park, which is one of the leading theme parks
in India. The park features a diverse variety of rides and attractions of
international standards, food and beverages outlets and retail and merchandise
shops,
Thisone-stop
entertainment destination that we intend to offer at this location also
includes Aquamagica - a Water Park, and a family Hotel, which are expected to
commence operations in the course of the year FY 2014-15.
Imagica The Theme
Park is a one-of-a-kind offering in India and currently has 26 rides and
attractions, which are spread over six theme-based zones. The marquee offerings
include Rajasaurus River Adventure, a boat ride offering their guests a peek into
the pre-historic habitats of dinosaurs, Wrath of the Gods, a VFX show based on
an archaeological discovery of an ancient Indian civilization, Nitro, which we
believe is Indias largest roller coaster, I for India, a simulated helicopter
ride over various sights and attractions across India and Mr. India the Ride, a
simulated ride based on the popular Bollywood movie, Mr. India. We also offer
entertainment through live performances by acrobats, magicians, dancers,
musicians and other artists in various parts of their theme park.
In Imagica The Theme Park, we own and operate an array
of F&B outlets, including Robertos Food Coaster, a multi-cuisine food
court, which also has a separate Jain restaurant, Red Bonnet, an American diner
styled restaurant, Imagica Capital, an Indian buffet restaurant which serves
cuisines from across the country, Zeze, a bar and grill which is designed as an
African Zulu village and Arrmada, a cafe and bar modelled as a ship, which
offers panoramic views of the entire theme park, as well as several kiosks
spread across the theme park. Their retail and merchandise offerings provide
their guests an opportunity to memorialize their experiences at the theme park
by purchasing products such as toys, apparel, bags, caps and commemorative
mementos and photographs, which carry the Imagica brand or are based on one of
the rides or attractions in their theme park. We also retail candies,
chocolates and other utilities such as hats and sunglasses. While we largely
retail through their six stores and several kiosks inside their theme park, we
have recently launched their products on theirs as well as third party websites
and intend to expand the sales and distribution network of their retail and
merchandise operations.
Imagica The Theme
Park, became fully operational on November 1, 2013. For a period of
approximately six months prior to November 1, 2013, some of the rides and
attractions in their theme park were open to the public. The total number of
guests hosted at their theme park for the five months ended March 31, 2014 was
531,429. They hosted 11,933 guests on December 20, 2013, the highest number of
guests hosted by us in a day since thier theme park became fully operational
FUTURE PROSPECTS
Aquamagica, their upcoming
water park is positioned adjacent to their theme park and will offer 14 kinds
of water slides and wave pools, including an aqua loop, individual and family
slides, natural-light effect rides, rattlers and other water-based
entertainment such as a beach front, waterfalls, cabanas and will comprise
separate family play areas, kids play zones and toddlers play equipment. Their
water park will have a separate admission ticket and a separate entrance from
their theme park. We intend to take advantage of cross selling opportunities
offered by these two different entertainment experiences. Their upcoming 287
key hotel will include facilities such as banquet halls, conference rooms,
specialty restaurants, recreation areas, a swimming pool, a spa, a kids activity
centre and a well-equipped gym to cater to varying entertainment requirements
of their guests. We are in discussions with some leading hotel chains for a
management contract with respect to the hotel.
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10343713 |
12/08/2013 * |
14,748,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BUILDING,
GROUND FLOOR, 17, R.KAMANI MARG, BA |
B82277450 |
* Date of charge modification
FIXED ASSETS
v
Tangible
Assets
· Land
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
v
Intangible
Assets
· Computer Software
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. 65.75 |
|
UK Pound |
1 |
Rs. 102.17 |
|
Euro |
1 |
Rs. 74.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.