|
|
|
MIRA INFORM REPORT
|
Report No. : |
501898 |
|
Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
IMG RELIANCE LIMITED (w.e.f. 29.03.2014) |
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|
|
|
Formerly Known
As : |
IMG RELIANCE PRIVATE LIMITED (w.e.f. 12.07.2010) SWARNAKALASH TRADING PRIVATE LIMITED |
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|
Registered
Office : |
Court House, 3rd Floor, Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002
Maharashtra |
|
Tel. No.: |
91-22-67673800 |
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|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2016 |
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|
|
|
Date of
Incorporation : |
19.01.2008 |
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|
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Com. Reg. No.: |
11-178019 |
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Capital
Investment / Paid-up Capital : |
INR 994.807 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U52100MH2008PLC178019 |
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|
|
|
IEC No.: [Import-Export Code No.] |
Not Divulged |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
|
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PAN No.: [Permanent Account No.] |
AALCS6150P |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Subject is mainly engaged in the business of ‘Sports, Media and Entertainment’ in India. (Registered activity) |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A+ |
|
Credit Rating |
Explanation |
Rating Comments |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a joint venture between “Reliance Industrial Investment and Holding Limited” and “IMG Singapore Pte Limited” and was incorporated in the year 2008 having a fine track record. The subject is engaged in the business of broadcasting, programming, entertaining activities via media and television. Management has failed to file its financials for the year 2017 with Registrar of Companies. As per the available financial of 2016, the company has reported a decline in its revenue as compared to its previous year but has shown improved profit margin during the year. Rating takes into consideration, the healthy financial risk profile marked by adequate net worth base and strong debt protection metrics. Rating continue to derive strength from its long and established track record of its business operation backed by its strong financial and managerial support from its venture entity. However, these rating strengths gets partially offset non-availability of latest financials and intense competition faced by the company in media industry. Payment seems to be regular and as per commitment. In view of aforesaid, the company can be considered for business dealing 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
31-03-2016.
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 05.04.2018.
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
MANAGEMENT NON-COOPERATIVE: TEL. No.:
91-22-62557600 / 91-124-4578900
Given number does not exist Tel. No.:
91-22-67673800
LOCATIONS
|
Registered Office : |
Court House, 3rd Floor, Lokmanya Tilak Marg, Dhobi Talao, Mumbai – 400002
Maharashtra,
India |
|
Tel. No.: |
91-22-67673800 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 31.03.2017
|
Name : |
Mr. Lalit Bhasin |
|
Designation : |
Director |
|
Address : |
10, Hailey Road, 10th Floor, Dakshineshwar Building, New Delhi - 110001 Dl In |
|
Date of Birth/Age : |
18.01.1939 |
|
Qualification : |
Doctor in Law and BA (honours) |
|
Date of Appointment : |
14.07.2015 |
|
DIN No.: |
00001607 |
|
|
|
|
Name : |
Mrs. Ashwin Ahamendra Khasgiwala |
|
Designation : |
Director |
|
Address : |
A-1, Mahavir Prasad CHS, Subhash Nagar Estate 390 N. M. Joshi Marg, Chinchpokli, Mumbai – 400011, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1973 |
|
Qualification : |
ACA, B.Com |
|
Date of Appointment : |
19.01.2008 |
|
DIN No.: |
00006481 |
|
|
|
|
Name : |
Mr. Suhel Seth |
|
Designation : |
Director |
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Address : |
Flat No 1905, B The Magnolias DLF Golf Link DLF City, Phase 5, Gurugram – 122009, Haryana, India |
|
Date of Birth/Age : |
28.05.1963 |
|
Qualification : |
B.A. |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
01082981 |
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|
|
|
Name : |
Mrs. Geeta Kalyandas Fulwadaya |
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Designation : |
Director |
|
Address : |
E 51 Jharokha II, Kalpataru Vatika Akurli Road, Opposite Esis Hosp, Kandivli East, Mumbai – 400101, Maharashtra, India |
|
Date of Appointment : |
11.04.2017 |
|
DIN No.: |
03341926 |
|
|
|
|
Name : |
Mr. Srinivasan Bodapati |
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Designation : |
Director |
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Address : |
Flat No. 1003.4, 10th Floor, A Wing, Chaitanya Tower, A S Marathe Marg, Prabh Adevi, Mumbai 400025 Mh In |
|
Date of Birth/Age : |
05.12.1966 |
|
Qualification : |
B.Sc Maths, MBA and Visiting fellow at Stanford University |
|
Date of Appointment : |
12.12.2013 |
|
DIN No.: |
05279396 |
|
|
|
|
Name : |
Mr. John Marsden Loffhagen |
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Designation : |
Director |
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Address : |
14 Birkdale Road, London, London W51jz Gb |
|
Date of Birth/Age : |
23.08.1971 |
|
Qualification : |
Masters Degree in Business Administration |
|
Date of Appointment : |
17.03.2016 |
|
DIN No.: |
07207312 |
KEY EXECUTIVES
|
Name : |
Mr. Sushil Kumar Jain |
|
Designation : |
Chief Finance Officer |
|
Address : |
2205, Mayflower, Hiranandani Meadows, Off Pokhran II,
Manpada, Thane West Thane – 400610, Maharashtra, India |
|
Date of Appointment : |
02.12.2016 |
|
PAN No.: |
AASPJ5223E |
|
|
|
|
Name : |
Mariyappan Madu Balraj |
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Designation : |
Company Secretary |
|
Address : |
Flat No. 403, 'B' Wing, Bldg. No. 69, Tulsi Niwas CHS,
Near Municipal School, Tilak Nagar, Chembur, Mumbai - 400089, Maharashtra,
India |
|
Date of Birth/Age : |
02.07.1973 |
|
Qualification : |
Masters in Laws (LLM) Company Secretary (CS) Commerce Graduate (B.Com) |
|
Date of Appointment : |
18.08.2010 |
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PAN No.: |
ACEPM7457R |
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|
|
|
Name : |
Srinivvasan Gopalkrishnan |
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Designation : |
Manager |
|
Address : |
Flat 1401, Sky Flama A Wing, Dosti Flamingos, Sewri,
Mumbai – 400015, Maharashtra, India |
|
Date of Appointment : |
11.04.2017 |
|
PAN No.: |
AQDPS7368E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Reliance Industrial Investments and Holdings Limited, India |
|
51263478 |
|
IMG Singapore PTE Limited, Singapore |
|
51263483 |
|
Saraswatula Sudhakar jointly with Reliance Industrial Investments and Holdings Limited, India |
|
1 |
|
Shah Rohit C jointly with Reliance Industrial Investments and Holdings Limited, India |
|
1 |
|
Damani Ramesh Kumar jointly with Reliance Industrial Investments and Holdings Limited, India |
|
1 |
|
Kandasamy Sethuraman jointly with Reliance Industrial Investments and Holdings Limited, India |
|
1 |
|
Mullick Raj Gorachand jointly with Reliance Industrial Investments and Holdings Limited, India |
|
1 |
|
Total |
|
102526966 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter - Bodies
corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is mainly engaged in the business of ‘Sports, Media and Entertainment’ in India. (Registered activity) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
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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Auditors : |
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Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
Indiabulls FInance Centre, 32nd Floor, Tower 3, Senapati Bapat Marg, Elphinstone Mill Compound, Elphinstone Road (West) , Mumbai -400013, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD4815A |
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Secretarial audit
report: |
|
|
Name : |
Shashikala Rao |
|
Address : |
4112, C Wing, Oberoi Garden Estate, Chandivali Farm Road, Off Saki Vihar Road , Andheri (East) Mumbai – 400072, Maharashtra, India |
|
PAN No.: |
AAAPI2629D |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Subsidiary company: |
U74120MH2013PLC247778 |
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|
Others : |
U65910MH1986PLC041081
L17110MH1973PLC019786
|
CAPITAL STRUCTURE
After 29.09.2017
Authorised Capital : INR 1100.000
Million
Issued, Subscribed & Paid-up Capital : INR 1067.201 Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000000 |
Equity Shares |
INR 10/- each |
INR 1100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
102526966 |
Equity Shares |
INR 10/- each |
INR 1025.270
Million |
|
|
|
|
|
As on 31.03.2016
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000000 |
Equity Shares |
INR 10/- each |
INR 1100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
99480684 |
Equity Shares |
INR 10/- each |
INR 994.807
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
994.807 |
808.778 |
755.733 |
|
(b) Reserves & Surplus |
1452.669 |
252.523 |
132.656 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
|
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
185.656 |
|
Total
Shareholders’ Funds (1) + (2) |
2447.476 |
1061.301 |
1074.045 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
450.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
7.479 |
0.000 |
|
(d) long-term provisions |
3.139 |
2.402 |
1.682 |
|
Total
Non-current Liabilities (3) |
3.139 |
459.881 |
1.682 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
28.059 |
64.133 |
73.147 |
|
(c) Other current liabilities |
28.581 |
11.664 |
27.367 |
|
(d) Short-term provisions |
3.725 |
3.033 |
1.920 |
|
Total
Current Liabilities (4) |
60.365 |
78.830 |
102.434 |
|
|
|
|
|
|
TOTAL |
2510.980 |
1600.012 |
1178.161 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.088 |
5.086 |
6.550 |
|
(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 |
1991.555 |
260.865 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
121.392 |
1005.909 |
84.431 |
|
(e) Other Non-current assets |
21.114 |
35.368 |
7.813 |
|
Total
Non-Current Assets |
2138.149 |
1307.228 |
98.894 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
222.500 |
32.000 |
27.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
80.383 |
140.344 |
145.119 |
|
(d) Cash and cash equivalents |
5.346 |
26.834 |
4.185 |
|
(e) Short-term loans and
advances |
64.602 |
89.820 |
265.497 |
|
(f) Other current assets |
0.000 |
3.786 |
637.466 |
|
Total
Current Assets |
372.831 |
292.784 |
1079.267 |
|
|
|
|
|
|
TOTAL |
2510.980 |
1600.012 |
1178.161 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
|
SALES |
|
|
|
|
|
Income |
288.279 |
328.413 |
342.722 |
|
|
Other Income |
56.396 |
49.799 |
13.456 |
|
|
TOTAL
|
344.675 |
378.212 |
356.178 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
69.980 |
65.291 |
66.218 |
|
|
Other expenses |
163.005 |
316.321 |
717.686 |
|
|
TOTAL |
232.985 |
381.612 |
783.904 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
111.690 |
(3.400) |
(427.726) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
22.775 |
7.555 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
88.915 |
(10.955) |
(427.726) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
1.624 |
1.789 |
27.307 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
87.291 |
(12.744) |
(455.033) |
|
|
|
|
|
|
|
Less |
TAX |
3.319 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
83.972 |
(12.744) |
(455.033) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
83.972 |
(12.744) |
(455.033) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Income from Sponsorship |
17.716 |
17.701 |
26.923 |
|
|
Income from Event management |
40.394 |
21.161 |
44.807 |
|
|
Others |
0.056 |
0.065 |
0.000 |
|
|
TOTAL
EARNINGS |
58.166 |
38.927 |
71.730 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Components and Stores parts |
0.000 |
1.778 |
0.000 |
|
|
TOTAL
IMPORTS |
0.000 |
1.778 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
0.94 |
(0.16) |
(6.67) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
122.568 |
556.172 |
(1057.810) |
|
Net cash flows from (used in) operating activities |
115.516 |
538.147 |
(1035.747) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
101.78 |
155.98 |
154.55 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
3.59 |
2.34 |
2.36 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
27.32 |
(0.67) |
(65.30) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.02 |
0.33 |
0.09 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.00 |
0.42 |
0.00 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.02 |
0.07 |
0.10 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.00 |
0.00 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
4.90 |
(0.45) |
0.00 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
29.13 |
(3.88) |
(132.77) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
3.34 |
(0.80) |
(38.62) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
3.43 |
(1.20) |
(42.37) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2016 |
31.03.2015 |
31.03.2014 |
|
Current Ratio (Current Assets / Current Liabilities) |
6.18 |
3.71 |
10.54 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
6.18 |
3.71 |
10.54 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.97 |
0.66 |
0.91 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.00 |
0.56 |
0.00 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
6.18 |
3.71 |
10.54 |
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 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Share Capital |
755.733 |
808.778 |
994.807 |
|
Reserves & Surplus |
132.656 |
252.523 |
1452.669 |
|
Share Application money pending allotment |
185.656 |
0.000 |
0.000 |
|
Net
worth |
1074.045 |
1061.301 |
2447.476 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
450.000 |
0.000 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
450.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.424 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
342.722 |
328.413 |
288.279 |
|
|
|
(4.175) |
(12.221) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
|
INR
In Million |
INR
In Million |
INR
In Million |
|
Sales
|
342.722 |
328.413 |
288.279 |
|
Profit |
(455.033) |
(12.744) |
83.972 |
|
|
(132.77%) |
(3.88%) |
29.13% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
994.807 |
808.778 |
|
(b) Reserves & Surplus |
|
336.304 |
(633.056) |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Minority Interest |
|
471.258 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1802.369 |
175.722 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
450.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
7.479 |
|
(d) long-term provisions |
|
3.139 |
2.402 |
|
Total
Non-current Liabilities (3) |
|
3.139 |
459.881 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
500.000 |
|
(b) Trade payables |
|
760.904 |
443.957 |
|
(c) Other current liabilities |
|
78.878 |
99.928 |
|
(d) Short-term provisions |
|
3.725 |
3.034 |
|
Total
Current Liabilities (4) |
|
843.507 |
1046.919 |
|
|
|
|
|
|
TOTAL |
|
2649.015 |
1682.522 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4.501 |
5.705 |
|
(ii) Intangible Assets |
|
466.592 |
514.404 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
274.672 |
241.715 |
|
(e) Other Non-current assets |
|
21.114 |
14.305 |
|
Total
Non-Current Assets |
|
766.879 |
776.129 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
822.500 |
32.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
597.837 |
376.792 |
|
(d) Cash and cash equivalents |
|
52.180 |
87.729 |
|
(e) Short-term loans and
advances |
|
409.619 |
405.891 |
|
(f) Other current assets |
|
0.000 |
3.981 |
|
Total
Current Assets |
|
1882.136 |
906.393 |
|
|
|
|
|
|
TOTAL |
|
2649.015 |
1682.522 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
|
2474.427 |
1997.253 |
|
|
Other Income |
|
58.841 |
45.205 |
|
|
TOTAL
|
|
2533.268 |
2042.458 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
|
69.981 |
65.291 |
|
|
Other expenses |
|
2973.191 |
3167.389 |
|
|
TOTAL |
|
3043.172 |
3232.680 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
|
(509.904) |
(1190.222) |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
44.578 |
11.829 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
(554.482) |
(1202.051) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
49.666 |
49.648 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
(604.148) |
(1251.699) |
|
|
|
|
|
|
|
Less |
TAX |
|
3.319 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL
PROFIT (LOSS) FOR PERIOD FROM CONTINUING OPERATIONS |
|
(607.467) |
(1251.699) |
|
|
|
|
|
|
|
Profit
(loss) of minority interest |
|
460.654 |
142.671 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
(146.813 |
(1109.028 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
(1.64) |
(13.97) |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
NOTE: Registered office of the company has been
shifted from 4TH Floor, Court House, Lokmanya Tilak Marg, Dhobi
Talao, Mumbai – 400002, Maharashtra, India to
the present address w.e.f. 15.03.2011.
STATE OF COMPANY’S
AFFAIRS AND OPERATIONS
During the year, the Company has successfully organized two
seasons of Lakme Fashion Week in collaboration with Hindustan Uniliver Limited.
Consulting division executed two new projects during the year namely consulting to Etihad and IDBI marathon. Sponsorship consulting to Lotus Green was also carried out successfully.
Implementation of the event “Road to Wimbledon” for All England Lawn Tennis club (Championship) Limited and additional premier account was handled by consulting division.
21st edition of India’s only ATP international series event, Aircel Chennai Open Tennis Championship was successfully organized and managed by the Company during the year.
During the year, the company has continued to spend on scholarship to competent Indian candidates to provide training in various sports at one of the best foreign academies to improve, popularize and promote the sports in India.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from others |
0.000 |
450.000 |
|
|
|
|
|
Total |
0.000 |
450.000 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- 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 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 65.02 |
|
|
1 |
INR 91.45 |
|
Euro |
1 |
INR 80.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
NSR |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.