MIRA INFORM REPORT

Report No. :	500502
Report Date :	02.04.2018

IDENTIFICATION DETAILS

Name :	NEWZSTREET MEDIA PRIVATE LIMITED (w.e.f. 19.05.2015)
Formerly known as:	NEWZSTREET JOURNAL MEDIA PRIVATE LIMITED (w.e.f. 18.10.2011) NSJ MEDIA PRIVATE LIMITED
Registered Office :	A-18,Second Floor, Chitranjan Park, New Delhi - 110019
Tel. No.:	91-120-4276988
Country :	India
Financials (as on) :	31.03.2017
Date of Incorporation :	21.11.2008
Com. Reg. No.:	55-185137
Capital Investment / Paid-up Capital :	INR 0.405 Million
CIN No.: [Company Identification No.]	U22300DL2008PTC185137
IEC No.: [Import-Export Code No.]	Not Divulged
TAN No.: [Tax Deduction & Collection Account No.]	Not Available
GSTN : [Goods & Service Tax Registration No.]	Not Divulged
PAN No.: [Permanent Account No.]	AACCN9137C
Legal Form :	Private Limited Liability Company
Line of Business :	Providing Telecommunication, Broadcasting and Information Supply Services. Providing Printing and reproduction of recorded media. (Registered activity)
No. of Employees :	Information declined by the management

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Maximum Credit Limit :	USD 38000
Status :	Satisfactory
Payment Behaviour :	Slow but correct
Litigation :	Clear
Comments :	Subject was incorporated in the year 2008. For the financial year 2017, the company has achieved revenue growth of 23.73% as compared to the previous year along with and average profit margin of 5.30%. The satisfactory financial risk profile of the company is marked by adequate net worth base along with debt free balance sheet profile. Rating takes into consideration the subject’s healthy Earnings per Share of INR 26.43 against the Face Value of INR 10. Payment seems to be slow but correct. In view of aforesaid, the company can be considered 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.

ECGC Country Risk Classification List

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	D

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 31-03-2016.

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 02.04.2018

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

INFORMATION DENIED BY

Name :	Mr. Rakesh
Designation :	Account Department
Contact No.:	91-124-4276988
Date :	31.03.2018

LOCATIONS

Registered Office :	A-18,Second Floor, Chitranjan Park, New Delhi - 110019, India
Tel. No.:	91-120-4276988
Fax No.:	Not Available
E-Mail :	alokvermaa@gmail.com
Website :	www.newzstreetmedia.com

DIRECTORS

As on 31.03.2017

Name :

Mr. Srikant Sastri

Designation :

Director

Address :

C-39 Ground Floor, Gulmohar Park, New Delhi – 110049, India

Date of Appointment :

23.09.2017

DIN No.:

00036188

Other Directorship:

CIN/FCRN	Company Name	Begin Date	End Date
U22130DL2008PTC183387	GRAM VAANI COMMUNITY MEDIA PRIVATE LIMITED.	30/09/2014	-
U72199DL2002PTC116725	TF CONFERENCES PRIVATE LIMITED	06/09/2002	-
U72900DL2000PTC106930	RESELLER XCHANGE .COM PRIVATE LIMITED	21/07/2000	-
U72900TN2013PTC089987	CRAYON DATA (INDIA) PRIVATE LIMITED	11/10/2013	-
U74140DL2012PTC236971	PAPA CONSULTANCY PRIVATE LIMITED	07/04/2015	-
U74899DL1992PTC048564	LFP SERVICES PRIVATE LIMITED	30/05/1995	-
U74900DL2007NPL169678	INCLUSIVE GROWTH INTERNATIONAL FOUNDATION	22/10/2007	-

Name :

Mr. Sanket Mahajan

Designation :

Director

Address :

D-72 Defence Colony, New Delhi – 110024, India

Date of Appointment :

30.09.2015

DIN No.:

01324404

Name :

Mr. Alok Verma

Designation :

Director

Address :

446, Sector-29, Arun Vihar, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

15.05.1961

Date of Appointment :

21.11.2008

DIN No.:

02338525

Name :

Mr. Neerja Verma

Designation :

Director

Address :

446, Sector-29, Arun Vihar, Noida – 201301, Uttar Pradesh, India

Date of Birth/Age :

22.04.1958

Date of Appointment :

30.09.2010

DIN No.:

02853919

Name :

Mr. Akshat Verma

Designation :

Director

Address :

446, Sector-29, Arun Vihar, Noida – 201301, Uttar Pradesh, India

Date of Appointment :

30.09.2010

DIN No.:

07029144

KEY EXECUTIVES

Name :	Mr. Rakesh
Designation :	Account Department

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 31.03.2017

Names of Shareholders	No. of Shares
Alok Verma	23100
Akshat Verma	2815
Neeraj Verma	6100
Kirti Mehta	356
Akshay Jaitely	356
Shilpa Jain	711
Sarfaeaz Khimani	356
H.P. Gupta and Son Advisory Private Limited	356
Kanika Mathur	1210
Srikant Shastri	568
Nitin Samrat	569
Total	36497

Equity Share Break up (Percentage of Total Equity)

As on 23.09.2017

Category	Percentage
Promoter – (Individual/ Hindu Undivided Family – Indian)	87.72
Public – (Individual/ Hindu Undivided Family – Indian	12.28
Total	100.00

BUSINESS DETAILS

Line of Business :

• Providing Telecommunication, Broadcasting and Information Supply Services.

• Providing Printing and reproduction of recorded media.

(Registered activity)

Products :

Item Code No.	Product Description
182	Printing and reproduction of recorded media

Brand Names :

Not Divulged

Agencies Held :

Not Divulged

Exports :

Not Divulged

Imports :

Not Divulged

Terms :

Not Divulged

PRODUCTION STATUS NOT AVAILABLE

GENERAL INFORMATION

Suppliers :

• Kuldeep Imprest
• Miraj Inforent Systens

Reference :	Primus IT Solutions Private Limited
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

Customers :

Reference :	Not Divulged
Name of the Person :	--
Contact No.:	--
Since How Long Known :	--
Maximum Limit Dealt :	--
Experience :	--
Remark:	--

No. of Employees :

Information declined by the management

Bankers :

Bank Name	HDFC Bank
Branch	--
Person Name (With Designation)	--
Contact Number	--
Name of Account Holder	--
Account Number	--
Account Since (Date/Year of Account Opening)	--
Average Balance Maintained (If Possible)	--
Credit Facilities Enjoyed (If any)	--
Account Operation	--
Remarks (If any)	--

Auditors :
Name :	SARB and Associates Chartered Accountants
Address :	404, IInd Floor, Patparganj Industrial Area, Delhi – 110092, India
Tel. No.:	91-11-45639681
Mobile No.:	91-9868113001
PAN N Income-tax PAN of auditor or auditor's firm :	ACGFS8493P
Memberships :	Not Available
Collaborators :	Not Available
Associates/Subsidiaries :	Not Available

CAPITAL STRUCTURE

After 20.09.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	INR 10/- each	INR 5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
40497	Equity Shares	INR 10/- each	INR 0.405 Million

As on 31.03.2017

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	INR 10/- each	INR 5.000 Million

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
36497	Equity Shares	INR 10/- each	INR 0.365 Million

FINANCIAL DATA

[all figures are in INR Million]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS	31.03.2017	31.03.2016	31.03.2015
I.              EQUITY AND LIABILITIES
(1)Shareholders' Funds
(a) Share Capital	0.365	0.200	0.200
(b) Reserves & Surplus	12.859	1.859	0.614
(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)	13.224	2.059	0.814
(3) Non-Current Liabilities
(a) long-term borrowings	0.000	0.000	0.000
(b) Deferred tax liabilities (Net)	-0.002	-0.004	0.042
(c) Other long term liabilities	0.000	0.000	0.000
(d) long-term provisions	0.000	0.000	0.000
Total Non-current Liabilities (3)	-0.002	-0.004	0.042
(4) Current Liabilities
(a) Short term borrowings	0.000	0.000	0.000
(b) Trade payables	0.320	0.781	1.204
(c) Other current liabilities	0.865	2.561	2.235
(d) Short-term provisions	0.430	0.483	0.295
Total Current Liabilities (4)	1.615	3.825	3.734
TOTAL	14.837	5.880	4.590
II.          ASSETS
(1) Non-current assets
(a) Fixed Assets
(i) Tangible assets	0.849	0.646	0.873
(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)	0.000	0.000	0.000
(d) Long-term Loan and Advances	0.000	0.000	0.000
(e) Other Non-current assets	0.000	0.000	0.000
Total Non-Current Assets	0.849	0.646	0.873
(2) Current assets
(a) Current investments	0.000	0.000	0.000
(b) Inventories	0.000	0.000	0.000
(c) Trade receivables	3.826	3.039	2.417
(d) Cash and cash equivalents	8.624	1.101	0.981
(e) Short-term loans and advances	0.000	0.000	0.000
(f) Other current assets	1.538	1.094	0.319
Total Current Assets	13.988	5.234	3.717
TOTAL	14.837	5.880	4.590

PROFIT & LOSS ACCOUNT

	PARTICULARS	31.03.2017	31.03.2016	31.03.2015
	SALES
	Income	18.206	14.713	10.085
	Other Income	0.028	0.007	0.008
	TOTAL	18.234	14.720	10.093
Less	EXPENSES
	Employees benefits expense	4.389	3.303	2.647
	Other expenses	12.058	9.442	5.897
	TOTAL	16.447	12.745	8.544
	PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION	1.787	1.975	1.549
Less	FINANCIAL EXPENSES	0.003	0.004	0.003
	PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION	1.784	1.971	1.546
Less/ Add	DEPRECIATION/ AMORTISATION	0.388	0.580	0.469
	PROFIT/ (LOSS) BEFORE TAX	1.396	1.391	1.077
Less	TAX	0.431	0.437	0.333
	PROFIT/ (LOSS) AFTER TAX	0.965	0.954	0.744
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD	1.860	0.906	0.162
	Balance Carried to the B/S	2.825	1.860	0.906
	Earnings / (Loss) Per Share (INR)	26.43	47.68	20.38

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

Particulars	31.03.2017	31.03.2016	31.03.2015
Current Maturities of Long term debt	NA	NA	NA
Cash generated from operations	NA	NA	NA
Net cash flow from operating activity	NA	NA	NA

KEY RATIOS

EFFICIENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Average Collection Days (Sundry Debtors / Income * 365 Days)	76.70	75.39	87.48
Account Receivables Turnover (Income / Sundry Debtors)	4.76	4.84	4.17
Asset Turnover (Operating Income / Net Fixed Assets)	2.10	3.06	1.77

LEVERAGE RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Debt Ratio ((Borrowing + Current Liabilities) / Total Assets)	0.11	0.65	0.81
Debt Equity Ratio (Total Liability / Networth)	0.00	0.00	0.00
Current Liabilities to Networth (Current Liabilities / Net Worth)	0.12	1.86	4.59
Fixed Assets to Networth (Net Fixed Assets / Networth)	0.06	0.31	1.07
Interest Coverage Ratio (PBIT / Financial Charges)	595.67	493.75	516.33

PROFITABILITY RATIOS

PARTICULARS		31.03.2017	31.03.2016	31.03.2015
Net Profit Margin ((PAT / Sales) * 100)	%	5.30	6.48	7.38
Return on Total Assets ((PAT / Total Assets) * 100)	%	6.50	16.22	16.21
Return on Investment (ROI) ((PAT / Networth) * 100)	%	7.30	46.33	91.40

SOLVENCY RATIOS

PARTICULARS	31.03.2017	31.03.2016	31.03.2015
Current Ratio (Current Assets / Current Liabilities)	8.66	1.37	1.00
Quick Ratio ((Current Assets – Inventories) / Current Liabilities)	8.66	1.37	1.00
G-Score Ratio Financial (Networth / Total Assets)	0.89	0.35	0.18
G-Score Ratio Debt (Debts / Equity Capital)	0.00	0.00	0.00
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities)	8.66	1.37	1.00

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

FINANCIAL ANALYSIS

[all figures are INR Million]

DEBT EQUITY RATIO

Particular	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Share Capital	0.200	0.200	0.365
Reserves & Surplus	0.614	1.859	12.859
Share Application money pending allotment	0.000	0.000	0.000
Net worth	0.814	2.059	13.224
Long Term borrowings	0.000	0.000	0.000
Short Term borrowings	0.000	0.000	0.000
Total borrowings	0.000	0.000	0.000
Debt/Equity ratio	0.000	0.000	0.000

YEAR-ON-YEAR GROWTH

Year on Year Growth	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	10.085	14.713	18.206
		45.890	23.741

NET PROFIT MARGIN

Net Profit Margin	31.03.2015	31.03.2016	31.03.2017
	INR In Million	INR In Million	INR In Million
Sales	10.085	14.713	18.206
Profit	0.744	0.954	0.965
	7.38%	6.48%	5.30%

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)	No
16	No. of employees	No
17	Details of sister concerns	No
18	Major suppliers	No
19	Major customers	No
20	Banking Details	Yes
21	Banking facility details	No
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	No
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

STATE OF COMPANY'S AFFAIRS AND FUTURE OUTLOOK

The company continues on the growth path trajectory, this year also. The news gathering from cities expanded, so did the production of news videos and text news. This also led to enhanced distribution thus resulting into huge audience reach. This year 12 cities in vernacular language (Hindi) were added to expand the news coverage in U.P and Uttarakhand, taking the total city editions to 62 predominantly towards the end of Q4 resulting in 8% growth in revenues. While this increase in original content in vernacular for 12 cities will disproportionately increase salary & other expenses in the short run, they will sustain the readership and revenues in the years to come. Efforts were also made to increase contractual revenues by 29% resulting in regular planned work. One off opportunities through tenders and EOI etc. reduced by 5% even though the overall revenues increased by 8% over last year. After including other income the overall turnover increased by 24% over last fiscal. Margins and profit before tax marginally dropped as compared the previous fiscal. The Company continued to focus upon and grow its video and text based news viewership on the web and has launched its app for the same. The company further proposes to broad base its monetization by increasing its distribution channels through strategic partnerships.

INDEX OF CHARGES: NO CHARGES EXIST FOR THE COMPANY

FIXED ASSETS

• Computers
• Furniture and Fixture
• Office Equipments
• Trademark
• 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 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	INR
US Dollar	1	INR 65.04
UK Pound	1	INR 92.28
Euro	1	INR 80.62

INFORMATION DETAILS

Information Gathered by :	SLK
Analysis Done by :	PRY
Report Prepared by :	SUJ

SCORE FACTORS

DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	NO
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.