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|
|
MIRA INFORM REPORT
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Report No. : |
503095 |
|
Report Date : |
10.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
SONY PICTURES NETWORKS INDIA PRIVATE LIMITED (w.e.f. 11.12.2015) |
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|
|
|
Formerly Known
As : |
MULTI SCREEN MEDIA PRIVATE LIMITED (w.e.f. 21.11.2007) SET INDIA PRIVATE LIMITED |
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Registered
Office : |
4th Floor, Interface Building No. 7, Opposite Malad Link Road, Malad (West), Mumbai - 400064, Maharashtra |
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Tel. No.: |
91-22-67081111 |
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2017 |
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|
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Date of
Incorporation : |
18.09.1995 |
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Com. Reg. No.: |
11-111487 |
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Capital
Investment / Paid-up Capital : |
INR 118.840 Million |
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|
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CIN No.: [Company Identification
No.] |
U92100MH1995PTC111487 |
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IEC No.: [Import-Export Code No.] |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCS1728D |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
27AABCS1728D1ZO |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
The company is primarily engaged in the business of broadcasting television channels. The Company is also engaged in business of production and distribution of films. (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 : |
Excellent |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “Sony Corporation” which owns and operates the Sony Entertainment network of television channels. It offers shows based on general entertainment, sports, movies, factual entertainment, news, reality, action, animation, adventure and lifestyle. As a leading television network in India, it comprises of Sony Entertainment Television (SET), MAX, MAX 2, SAB, PIX, AXN, AATH, MIX, SIX, KIX, and LIV. MSM Motion Pictures is the company’s venture in film production. For the financial year 2017, the company achieved revenue growth of 22.70% as compared to the previous year along with fair profit margin of 10.40%. The sound financial risk profile of the company is marked by adequate net worth base along with comfortable debt coverage indicators due to negligible debt balance sheet profile. Rating derives strength from the well-established promoter group along with a long track record of the subject in the media and entertainment industry, large number of channel offerings covering a wide genre of entertainment and positioning of the flagship channel ‘Sony’ amongst the top Hindi General Entertainment Channels in terms of television viewership and platform for distribution with a wide subscriber base. However, the rating strengths are partially off-set by changing trends in the media sector, intense competition and risks related to regulatory changes. Payment seems to be usually correct. In view of well-known brand name “Sony”, 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.
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
31-03-2018.
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 10.04.2018
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 (CONTACT NO: 91-22-67081300/ 67081111)
LOCATIONS
|
Registered / Corporate Office / Head Quarter : |
4th Floor, Interface Building No. 7, Opposite Malad Link Road, Malad (West), Mumbai - 400064, Maharashtra, India |
|
Tel. No.: |
91-22-67081111/ 67081300/ 1292 |
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Fax No.: |
91-22-66434748 |
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E-Mail : |
|
|
Website : |
https://www.sonypicturesnetworksdistribution.com
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|
|
|
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Chennai Office : |
31/1/, (OLD No. 12), Shaffee Mohammed Road, Thousand Lights, Chennai – 600096, Tamilnadu, India. |
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Tel. No.: |
91-44-2829-4415 / 2829-4421 |
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|
|
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Gurugram Office : |
Unit No- 5/6/7&8, Time Tower, Ground Floor, M G Road, Gurugram – 122002, Haryana, India. |
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Tel. No.: |
91-124-4848-777 |
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|
|
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Bengaluru Office : |
805 & 806, 8th Floor, North Wing, Manipal Centre, No: 47, Dickenson Road, Bengaluru – 560042, Karnataka, India |
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Tel. No.: |
80-4939-4000 |
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|
|
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Kolkata Office : |
Ideal Centre 9, AJC Bose Road, 2nd Floor, Kolkata – 700017, West Bengal, India |
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Tel. No.: |
91-80-4939-4000 |
DIRECTORS
As on 31.03.2017
|
Name : |
George Chien |
|
Designation : |
Director |
|
Address : |
6440 West 82nd Street, Los Angeles, 90045, United States of America |
|
Date of Birth/Age : |
09.07.1972 |
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Qualification : |
BBA, CPA |
|
Date of Appointment : |
15.10.2010 |
|
DIN No.: |
03101431 |
|
|
|
|
Name : |
Narinder Pal Singh |
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Designation : |
Managing Director |
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Address : |
22, Harshavardhan, J.P. Road Versova, Andheri (West) Mumbai – 400061, Maharashtra, India |
|
Date of Birth/Age : |
13.11.1959 |
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Qualification : |
M. Com, AICWA |
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Date of Appointment : |
12.01.2016 |
|
DIN No.: |
03335912 |
KEY EXECUTIVES
|
Name : |
Rajkumar Bidawatka |
|
Designation : |
Company Secretary |
|
Address : |
302, C Wing, 3rd Floor, Rock Avenue Plot - D Opposite Joy
Icecream, Kandivali West, Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
05.10.1968 |
|
Date of Appointment : |
19.07.2007 |
|
PAN No.: |
AAIPB4224H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
SPE Mauritius Holdings Limited, Mauritius |
|
5902453 |
|
SPE Mauritius Investments Limited, Mauritius |
|
5902453 |
|
SPE Singapore Holding Inc., USA |
|
1 |
|
South Asian Regional Investments Singapore Pte Limited, Singapore |
|
24490 |
|
South Asian Regional Investments Singapore II Pte Limited, Singapore |
|
8163 |
|
CPE India Holding LLC, USA |
|
46100 |
|
|
|
|
|
Total |
|
11883660 |
Equity Share Break up (Percentage of Total Equity)
As on 2017
|
Category |
Percentage |
|
Promoter – Others
– Foreign Body Corporates |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in the business of broadcasting television channels. The Company is also engaged in business of production and distribution of films. (Registered activity) |
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Products : |
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Brand Names : |
“Sony” |
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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 : |
Price Waterhouse Chartered Accountants |
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Address : |
252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai - 400028, India |
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Tel No.: |
91-22-66691000 |
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Fax No.: |
91-22-66547800 / 66547801 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP3641G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company : |
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Shareholders having
significant influence : |
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Subsidiary Company
: |
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Subsidiary Company
(incorporated on March 27, 2015) : |
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Subsidiary Company
(w.e.f. February 23, 2016) and Joint Venture up to February 22, 2016 : |
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Subsidiary Company
(incorporated on January 12, 2016) : |
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Subsidiary Company
(w.e.f. March 1, 2017 – through acquisition of shares from third party) : |
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Subsidiary Company
(w.e.f. March 1, 2017 – through acquisition of shares from Shareholders
having significant influence) : |
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Fellow Subsidiary : |
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CAPITAL STRUCTURE
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000000 |
Equity Shares |
INR 10/- each |
INR 750.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11883660 |
Equity Shares |
INR 10/- each |
INR 118.837 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 |
118.840 |
92.180 |
91.390 |
|
(b) Reserves & Surplus |
45936.750 |
19386.150 |
15447.230 |
|
(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) |
46055.590 |
19478.330 |
15538.620 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4027.850 |
0.000 |
6027.850 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
3162.090 |
3378.050 |
93.920 |
|
(d) long-term provisions |
0.000 |
0.000 |
2261.290 |
|
Total
Non-current Liabilities (3) |
7189.940 |
3378.050 |
8383.060 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2720.920 |
3250.480 |
4876.860 |
|
(b) Trade payables |
9112.610 |
6204.600 |
8647.230 |
|
(c) Other current liabilities |
2470.180 |
8978.250 |
1893.050 |
|
(d) Short-term provisions |
0.000 |
0.000 |
17.320 |
|
Total
Current Liabilities (4) |
14303.710 |
18433.330 |
15434.460 |
|
|
|
|
|
|
TOTAL |
67549.240 |
41289.710 |
39356.140 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
749.210 |
432.710 |
449.210 |
|
(ii) Intangible Assets |
201.110 |
132.820 |
128.110 |
|
(iii) Capital work-in-progress |
294.490 |
56.280 |
77.350 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
22989.990 |
221.480 |
17.380 |
|
(c) Deferred tax assets (net) |
1071.610 |
754.520 |
368.090 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
158.310 |
|
(e) Other Non-current assets |
1722.900 |
910.730 |
0.000 |
|
Total
Non-Current Assets |
27029.310 |
2508.540 |
1198.450 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
18173.790 |
17847.440 |
22368.900 |
|
(c) Trade receivables |
9184.610 |
6081.720 |
5877.240 |
|
(d) Cash and cash equivalents |
706.690 |
1256.750 |
1288.360 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
8479.690 |
|
(f) Other current assets |
12454.840 |
13595.260 |
143.500 |
|
Total
Current Assets |
40519.930 |
38781.170 |
38157.690 |
|
|
|
|
|
|
TOTAL |
67549.240 |
41289.710 |
39356.140 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
47964.030 |
39089.710 |
33426.720 |
|
|
Other Income |
952.870 |
942.880 |
222.560 |
|
|
TOTAL
|
48916.900 |
40032.590 |
33649.280 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
2622.890 |
2184.110 |
1887.240 |
|
|
Expenditure on production, transportation
and other expenditure pertaining to exploration and production activities |
31481.500 |
25855.870 |
0.000 |
|
|
CSR expenditure |
0.000 |
0.000 |
1.000 |
|
|
Extraordinary items |
0.000 |
0.000 |
611.480 |
|
|
Other expenses |
6111.060 |
5077.550 |
28509.580 |
|
|
TOTAL |
40215.450 |
33117.530 |
31009.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
8701.450 |
6915.060 |
2639.980 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
669.210 |
876.890 |
930.390 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8032.240 |
6038.170 |
1709.590 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
330.300 |
272.350 |
242.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
7701.940 |
5765.820 |
1467.390 |
|
|
|
|
|
|
|
Less |
TAX |
2714.010 |
2030.280 |
743.070 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4987.930 |
3735.540 |
724.320 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
528.41 |
405.27 |
79.26 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
6027.850 |
0.000 |
|
Net cash flows from (used in) operations |
8687.950 |
4590.190 |
4445.360 |
|
Net cash flows from (used in) operating activities |
5335.800 |
2390.370 |
3988.480 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
69.89 |
56.79 |
64.18 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
5.22 |
6.43 |
5.69 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
0.48 |
0.39 |
0.12 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
6.99 |
11.12 |
4.03 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.27 |
0.59 |
0.55 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.15 |
0.48 |
0.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
0.31 |
0.95 |
0.99 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.03 |
0.03 |
0.04 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
13.00 |
7.89 |
2.84 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
((PAT / Sales) * 100) |
% |
10.40 |
9.56 |
2.17 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
7.38 |
9.05 |
1.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
10.83 |
19.18 |
4.66 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
2.83 |
2.10 |
2.47 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
1.56 |
1.14 |
1.02 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.68 |
0.47 |
0.39 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
56.79 |
100.65 |
119.32 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
2.83 |
2.10 |
2.47 |
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 |
91.390 |
92.180 |
118.840 |
|
Reserves & Surplus |
15447.230 |
19386.150 |
45936.750 |
|
Net
worth |
15538.620 |
19478.330 |
46055.590 |
|
|
|
|
|
|
Long Term borrowings |
6027.850 |
0.000 |
4027.850 |
|
Short Term borrowings |
4876.860 |
3250.480 |
2720.920 |
|
Current Maturities of Long term debt |
0.000 |
6027.850 |
0.000 |
|
Total
borrowings |
10904.710 |
9278.330 |
6748.770 |
|
Debt/Equity
ratio |
0.702 |
0.476 |
0.147 |
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
|
33426.720 |
39089.710 |
47964.030 |
|
|
|
16.942 |
22.702 |
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
|
33426.720 |
39089.710 |
47964.030 |
|
Profit |
724.320 |
3735.540 |
4987.930 |
|
|
2.17% |
9.56% |
10.40% |
ABRIDGED
BALANCE SHEET – (CONSOLIDATED)
|
SOURCES
OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
118.840 |
92.180 |
|
(b) Reserves & Surplus |
|
46454.080 |
20767.400 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
(3) Non controlling interest |
|
0.000 |
19.810 |
|
Total
Shareholders’ Funds (1) + (2) |
|
46572.920 |
20879.390 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4027.850 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
3574.290 |
3255.710 |
|
(d) long-term provisions |
|
253.690 |
207.330 |
|
Total
Non-current Liabilities (3) |
|
7855.830 |
3463.040 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
2847.380 |
3250.480 |
|
(b) Trade payables |
|
11633.670 |
6452.170 |
|
(c) Other current liabilities |
|
3416.180 |
9338.340 |
|
(d) Short-term provisions |
|
40.570 |
29.040 |
|
Total
Current Liabilities (4) |
|
17937.800 |
19070.030 |
|
|
|
|
|
|
TOTAL |
|
72366.550 |
43412.460 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
785.210 |
447.330 |
|
(ii) Intangible Assets |
|
21831.590 |
135.080 |
|
(iii) Capital work-in-progress |
|
294.490 |
56.280 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
1309.920 |
879.540 |
|
(d) Long-term Loan and Advances |
|
0.000 |
7.190 |
|
(e) Other Non-current assets |
|
3037.020 |
1804.190 |
|
Total
Non-Current Assets |
|
27258.230 |
3329.610 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
18024.660 |
17608.880 |
|
(c) Trade receivables |
|
10846.090 |
6356.960 |
|
(d) Cash and cash equivalents |
|
3583.430 |
4353.680 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
12654.140 |
11763.330 |
|
Total
Current Assets |
|
45108.320 |
40082.850 |
|
|
|
|
|
|
TOTAL |
|
72366.550 |
43412.460 |
PROFIT
& LOSS ACCOUNT– (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
49692.330 |
39905.420 |
|
|
Other Income |
|
954.040 |
1232.760 |
|
|
TOTAL
|
|
50646.370 |
41138.180 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
|
3363.960 |
2848.210 |
|
|
Expenditure on production,
transportation and other expenditure |
|
32804.230 |
26103.700 |
|
|
Other expenses |
|
5912.930 |
4750.640 |
|
|
TOTAL |
|
42081.120 |
33702.550 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
8565.250 |
7435.630 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
675.330 |
876.890 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
7889.920 |
6558.740 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
430.670 |
286.200 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
7459.250 |
6272.540 |
|
|
|
|
|
|
|
Less |
TAX |
|
2806.260 |
2167.940 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
4652.990 |
4104.600 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (INR) |
|
391.55 |
345.40 |
LITIGATION
DETAILS
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation:- 18.02.2017 |
|||||||
|
Lodging No:- |
COMSL/74/2017 |
Failing Date:- |
18.02.2017 |
Reg. No.:- |
COMIP/494/2017 |
Reg. Date:- |
10.07.2017 |
|
Main Matter |
|||||||
|
Petitioner:- |
ZEE ENTERTAINMENT ENTERPRISES LIMITED |
Respondent:- |
SONY PICTURES NETWORK INDIA PVT LTD |
||||
|
Petn.Adv:- |
M/S THAKORE JARIWALA AND ASSOCIATES |
Resp.Adv.: |
PDS LEGAL (0) |
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
SINGLE |
Category: |
INTELLECTUAL PROPERTY RIGHTS RELATING TO COPYRIGHT |
||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR DIRECTION [ORIGINAL
SIDE MATTERS] |
||||
|
Last Date:- |
16.04.2018 |
||||||
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
||||||
|
Act:- |
Copy Right Act |
|
|
||||
|
LITIGATION DETAILS |
|||||||
|
Bench:- Bombay |
|||||||
|
Presentation:- 18.02.2017 |
|||||||
|
Lodging No:- |
COMSL/456/2017 |
Failing Date:- |
11/08/2017 |
Reg. No.:- |
COMS/596/2017 |
Reg. Date:- |
18/08/2017 |
|
Main Matter |
|||||||
|
Petitioner:- |
FOURTH WALL ENTERTAINMENT PVT. LTD |
Respondent:- |
SONY PICTURES NETWORKS INDIA PVT. LTD. |
||||
|
Petn.Adv:- |
M/S DESAI AND DIWANJI (814) |
Resp.Adv.: |
JAYAKAR AND PARTNERS (I3449) |
||||
|
District:- |
MUMBAI |
||||||
|
Bench:- |
SINGLE |
Category: |
INTELLECTUAL PROPERTY RIGHTS RELATING TO COPYRIGHT |
||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR DIRECTION [ORIGINAL
SIDE MATTERS] |
||||
|
Last Date:- |
22.01.2018 |
||||||
|
Last Coram:- |
PROVISIONAL BOARD |
||||||
|
Act:- |
Code of Civil Procedure 1908 |
|
|
||||
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 |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL HIGHLIGHTS
During its Twenty-second year of operations in the financial year 2016-17 the Company recorded total revenue of INR 48916.900 million as compared to INR 40032.590 million during the previous year. Profit after tax was INR 4987.930 million for the year as against a profit after tax of INR 3735.540 million in the previous year.
BACKGROUND OF THE
COMPANY
The company was incorporated in India and is primarily engaged in the business of broadcasting television channels. The Company is also engaged in business of production and distribution of films.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
4027.850 |
0.000 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from others |
2720.920 |
3250.480 |
|
|
|
|
|
Total |
6748.770 |
3250.480 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR THE COMPANY
CONTINGENT
LIABILITIES:
(INR in million)
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
|
Claims against company not acknowledged as debt |
21580.560 |
30646.760 |
|
Guarantees |
170.000 |
170.000 |
|
Total |
21750.560 |
30816.760 |
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 64.93 |
|
|
1 |
INR 91.50 |
|
Euro |
1 |
INR 79.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
GAY |
|
|
|
|
Analysis Done by
: |
PRY |
|
|
|
|
Report Prepared
by : |
KJL |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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.