MIRA INFORM REPORT

Report No. :	341687
Report Date :	21.09.2015

IDENTIFICATION DETAILS

Name :	STAR ENTERTAINMENT PRIVATE LIMITED

Formerly Known As :	MINAZ FILMS PRIVATE LIMITED

Registered Office :	701-A, Niranjan, 99 Marine Drive, Mumbai - 400002, Maharashtra
Tel. No.:	91-22-23510421

Country :	India

Financials (as on) :	31.03.2014

Date of Incorporation :	20.12.1980

Com. Reg. No.:	11-023594

Capital Investment / Paid-up Capital :	Rs.0.500 Million

CIN No.: [Company Identification No.]	U92110MH1980PTC023594

IEC No.:	Not Available

TAN No.: [Tax Deduction & Collection Account No.]	MUMS1648G

PAN No.: [Permanent Account No.]	Not Available

Legal Form :	Private Limited Liability Company

Line of Business :	Distributors of Cinema Film, TV, Video, Cable, Internet, Mobile Programmes, Film and FM Radio Consultants

No. of Employees :	08 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

B (27)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small company

Payment Behaviour :	Slow but correct

Litigation :	Clear

Comments :	Subject was incorporated on 20^th December, 1980. It is a distributors of cinema films, TV, video, cable, internet, mobile programmes, films and FM radio consultants. It is a small company in its field. Its scale of activities are limited. The rating also takes into consideration company’s modest networth base and minuscule turnover it has earned from its operations during FY 2014. However, trade relations are reported as fair. Business is active. Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.

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 31-03-2015.

INFORMATION PARTED BY

Name :	Mr. Hem Kapadia
Designation :	Account Officer
Contact No.:	91—22-23510421
Date :	18.09.2015

LOCATIONS

Registered Office :	701-A, Niranjan, 99 Marine Drive, Mumbai - 400002, Maharashtra, India
Tel. No.:	91-22-32938144/ 66627616
Fax No.:	91-22-66627615
E-Mail :	accounts@entertainmentstar.com sekhrico@rediffmail.com starentertainment@hathway.com
Website :	www.entertainmentstar.com

Administrative Office :	21-B, 2nd Floor, Film Center, 68 Tardeo Road, Mumbai - 400034, Maharashtra, India
Tel. No.:	91-22-66827616/ 32938144/ 23510421
Fax No.:	91-22-66627615
Email:	enquiry@entertainmentstar.com

DIRECTORS

AS ON 30.09.2014

Name :	Mr. Jiten Ghansham Hemdev
Designation :	Managing Director
Address :	1202, 12^th Floor, Sterling Towers, Gamdevi, Mumbai - 400007, Maharashtra, India
Date of Birth/Age :	14.12.1964
Date of Appointment :	20.12.1980
DIN No.:	00934150

Name :	Mrs. Shambnam Jiten Hemdev
Designation :	Director
Address :	1202, 12^th Floor, Sterling Towers, Gamdevi, Mumbai - 400007, Maharashtra, India
Date of Birth/Age :	30.06.1961
Date of Appointment :	01.04.1993
DIN No.:	00934255

KEY EXECUTIVES

Name :	Mr. Hem Kapadia
Designation :	Account Officer

MAJOR SHAREHOLDERS

AS ON 30.09.2014

Names of Shareholders	No. of Shares	%age holding
Jiten Ghansham Hemdev	3950	79.00
Ghansham H Hemdev	50	1.00
Kimaya Jiten Hemdev	500	10.00
Aryan Jiten Hemdev	500	10.00
Total	5000	100.00

Equity Share Break up (Percentage of Total Equity)

AS ON 30.09.2014

Category	Percentage
Directors or relatives of Directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Distributors of Cinema Film, TV, Video, Cable, Internet, Mobile Programmes, Film and FM Radio Consultants

Products :	Not Available

Brand Names :	Not Available

Agencies Held :	Not Available

Exports :	Not Divulged

Imports :
Products :	Movies
Countries :	France USA Hungary

Terms :
Selling :	Cash, Advance Payment and Cheque

Purchasing :	Cash, Advance Payment and Cheque

PRODUCTION STATUS: NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

Allied Entertainment Private Limited
Magna Publishing Company Limited
Movie Labs
National Film Storage Private Limited
Pisha Travels
Reliance Electricals
Sanman Exhibitors Private Limited
Soyam Film Transfer Services
Top Entertainment Private Limited

Reference :	Shethia Audio Video Private Limited, Andheri, Mumbai, Maharashtra India
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

Customers :

Chandra Sidhi Enterprises
Dish TV
Discovery Video and Laser Company Private Limited
Eagle Home Entertainment
Golden Plaza
Inox Mumbai
Maharaj Films
Moonlight Production

Reference :	Multi-Screen Media Private Limited, Malad, Mumbai, Maharashtra, India
Name of the Person :	Not Divulged
Contact No.:	Not Divulged
Since How Long Known :	Not Divulged
Maximum Limit Dealt :	Not Divulged
Experience :	Not Divulged
Remark:	Not Divulged

No. of Employees :

08 (Approximately)

Bankers :

City Bank, D. N. Road, Mumbai, Maharashtra, India

Banker Name	Indian Overseas Bank
Branch Address	Breach Candy Branch, 65/67, Mazda Mansion, Bhulabhai Desai Road, Breach Candy, Mumbai - 400026, Maharashtra, India
Person Name (With Designation)	Not Divulged
Contact Number	Not Divulged
Name of Account Holder	Not Divulged
Account Number	Not Divulged
Account Since (Date/Year of Account Opening)	Not Divulged
Average Balance Maintained (If Possible)	Not Divulged
Credit Facilities Enjoyed (If any)	Not Divulged
Account Operation	Not Divulged
Remarks (If any)	Not Divulged

Facilities :

(Rs. In Million)

SECURED LOAN	As on 31.03.2014	As on 31.03.2013
LONG TERM BORROWING
Indian Overseas Bank Term Loan	0.963	1.166
Total	0.963	1.166

Auditors :
Name :	Sekhri Kanodia and Associates Chartered Accountants
Address :	603-A, Brookhill Towers, 3^rd Cross Road, Lokhandwala Complex, Andheri (West), Mumbai – 400053, Maharashtra, India
Tel No.:	91-22-26324210/ 26366300
Fax No.:	91-22-26361772
Email:	sekhrico@rediffmail.com
Website:	http://www.sekaindia.in
PAN N Income-tax PAN of auditor or auditor's firm :	AANFS8529B

Memberships :	Not Available

Collaborators :	Not Available

Associates Concern :	Filmstar Entertainment Private Limited

CAPITAL STRUCTURE

AS ON 30.09.2014

Authorised Capital :

No. of Shares	Type	Value	Amount

10000	Equity Shares	Rs.100/- each	Rs.1.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount

5000	Equity Shares	Rs.100/- each	Rs.0.500 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	0.500	0.500	0.500
(b) Reserves & Surplus	5.970	5.891	5.720
(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)	6.470	6.391	6.220

(3) Non-Current Liabilities
(a) long-term borrowings	0.963	1.166	1.833
(b) Deferred tax liabilities (Net)	0.000	0.000	0.000
(c) Other long term liabilities	0.000	0.000	0.110
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	0.963	1.166	1.943

(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	7.131	7.277	7.928
(c) Other current liabilities	3.799	6.047	8.238
(d) Short-term provisions	0.280	0.194	0.421
Total Current Liabilities (4)	11.210	13.518	16.587

TOTAL	18.643	21.075	24.750

II. ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	1.739	2.098	2.505
(ii) Intangible Assets	0.000	0.000	0.000
(iii) Capital work-in-progress	0.000	0.000	0.000
(iv) Intangible assets under development	0.000	0.000	0.000
(b) Non-current Investments	0.000	0.000	0.000
(c) Deferred tax assets (net)	0.008	0.088	0.088
(d) Long-term Loan and Advances	0.158	0.123	0.101
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	1.905	2.309	2.694

(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	3.184	6.049	6.194
(c) Trade receivables	3.586	5.627	5.827
(d) Cash and cash equivalents	4.407	0.638	0.790
(e) Short-term loans and advances	5.561	6.452	9.245
(f) Other current assets	0.000	0.000	0.000
Total Current Assets	16.738	18.766	22.056

TOTAL	18.643	21.075	24.750

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2014	31.03.2013	31.03.2012
	SALES
	Income	22.846	23.787
	Other Income	0.153	1.388
	TOTAL	22.999	25.175	NA

Less	EXPENSES	NA	NA	NA

	PROFIT/ (LOSS) BEFORE TAX	NA	NA	NA

Less	TAX	NA	NA	NA

	PROFIT/ (LOSS) AFTER TAX	5.576	5.404	5.286

	EARNINGS IN FOREIGN CURRENCY
	F.O.B. Value of Exports	1.978	1.873	11.933
	TOTAL EARNINGS	1.978	1.873	11.933

	IMPORTS
	Raw Materials	0.285	0.416	1.155
	Royalties/ Reproduction License Fees	3.857	3.889	9.43
	TOTAL IMPORTS	4.142	4.305	10.585

	Earnings / (Loss) Per Share (Rs.)	1115.20	1080.80	1057.2

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 flows from (used in) operations	NA	NA	NA

KEY RATIOS

PARTICULARS		31.03.2014	31.03.2013	31.03.2012
Net Profit Margin (PAT / Sales)	(%)	24.41	22.72	NA

Debt Equity Ratio (Total Debt /Networth)		0.15	0.18	0.29

Current Ratio (Current Asset/Current Liability)		1.49	1.39	1.33

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	0.500	0.500	0.500
Reserves & Surplus	5.720	5.891	5.970
Net worth	6.220	6.391	6.470

long-term borrowings	1.833	1.166	0.963
Short term borrowings	0.000	0.000	0.000
Total borrowings	1.833	1.166	0.963
Debt/Equity ratio	0.295	0.182	0.149

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	23.787	22.846
		(3.956)

NET PROFIT MARGIN

Net Profit Margin	31.03.2013	31.03.2014
	(Rs. In Million)	(Rs. In Million)
Sales	23.787	22.846
Profit	5.404	5.576
	22.72%	24.41%

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	Yes
8	Designation of contact person	Yes
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)	Yes
16	No. of employees	Yes
17	Details of sister concerns	Yes
18	Major suppliers	Yes
19	Major customers	Yes
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 two 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	No
32	Litigations that the firm/promoter involved in	--
33	Market information	--
34	Payments terms	Yes
35	Negative Reporting by Auditors in the Annual Report	No

INDEX OF CHARGES

S.NO.	CHARGE ID	DATE OF CHARGE CREATION/MODIFICATION	CHARGE AMOUNT SECURED	CHARGE HOLDER	ADDRESS	SERVICE REQUEST NUMBER (SRN)
1	10424487	05/12/2011	2,000,000.00	INDIAN OVERSEAS BANK	BREACH CANDY BRANCH, 65/67, MAZDA MANSION,, BHULA BHAI DESAI ROAD, BREACH CANDY, MUMBAI - 400026, MAHARASHTRA, INDIA	B31276967

FIXED ASSETS

Plant and Machinery
Furniture and Fixture
Motor Car
Computer
Air conditioner

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 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.66.71
UK Pound	1	Rs.105.10
Euro	1	Rs.77.11

INFORMATION DETAILS

Information Gathered by :	DIP

Analysis Done by :	RAS

Report Prepared by :	GTA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	5
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	2
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	2
--PROFITABILITY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	3
--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		27

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	--

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

INDEX OF CHARGES

Unit