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|
MIRA INFORM REPORT
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Report No. : |
504037 |
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Report Date : |
17.04.2018 |
IDENTIFICATION DETAILS
|
Name : |
JETSYNTHESYS PRIVATE LIMITED (w.e.f. 05.09.2014) |
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Formerly Known
As : |
MEREEDHUN DIGITAL MEDIA PRIVATE LIMITED |
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Registered
Office : |
101-104, Metro House, Mangaldas Road, Pune- 411001, Maharashtra |
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Tel. No.: |
91-20-49101111 |
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Country : |
India |
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Financials (as
on) : |
31.03.2017 |
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Date of
Incorporation : |
22.08.2012 |
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Com. Reg. No.: |
11-144453 |
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Capital
Investment / Paid-up Capital : |
INR 12.918 Million |
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CIN No.: [Company Identification
No.] |
U93000PN2012PTC144453 |
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IEC No.: [Import-Export
Code No.] |
Not Divulged |
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GSTN : [Goods & Service Tax
Registration No.] |
27AAICM1358A1ZR |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAICM1358A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of music, celebrity
video blogging, digital advertising, big data analytics, designer clothes and
the Digital Technology Innovation Factory (DTIF) to deliver a range of next
gen digital products, platforms and services built on best-in-class back-end
technology infrastructure. (Registered Activity) |
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|
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No. of Employees
: |
Information denied 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 |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2012. It is engaged in providing
animation services including online game development services. For the financial year 2017, the company has achieved 73.93% growth in
its revenue as compared to previous year revenue but has incurred operational
loss. The satisfactory financial profile of the company is marked by
adequate networth base along with negligible debt level. Rating takes into consideration equity infused by it promoters. Business is active. Payment seems to be slow but correct. In view of aforesaid, the concern 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
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 17.04.2018
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 (91-20-49101111)
LOCATIONS
|
Registered Office : |
101-104, Metro House, Mangaldas Road, Pune- 411001, Maharashtra, India |
|
Tel. No.: |
91-20-49101111 |
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Mobile No.: |
91-7276263370 (Mr. Shripad) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
6th and 7th Floor, Skyone, Kalyani Nagar, Pune – 411006, Maharashtra, India |
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Tel. No.: |
91-20-66806680 |
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Technical Office : |
2nd Floor Baron's Club Kalyani Nagar, Pune – 411006, Maharashtra, India |
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Marketing Division : |
Universal Business Park, 2nd Floor, B-203, Andheri (East) Mumbai, Maharashtra, India |
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Overseas Office : |
Suite 250, 929 Colorado Ave, Santa Monica, Los Angeles County, CA 90401 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Senapathy Gopalakrishnan |
|
Designation : |
Director |
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Address : |
855, 13th Main, 4th A Cross, III Block, Koramangala, Bangalore-560034, Karnataka, India |
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Date of Appointment : |
20.04.2015 |
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DIN No.: |
00041656 |
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Name : |
Mr. Rakesh Ramesh Navani |
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Designation : |
Director |
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Address : |
Asanjo 1-3,Samrat Society, Kalyani Nagar, Pune-411006, Maharashtra, India |
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Date of Appointment : |
10.10.2014 |
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DIN No.: |
01864780 |
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Name : |
Mr. Rajan Ramesh Navani |
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Designation : |
Director |
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Address : |
Asanjo 1-3,Samrat Society,Kalyni Nagar, Pune-411006, Maharashtra, India |
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Date of Birth/Age : |
08.03.1971 |
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Date of Appointment : |
22.08.2012 |
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DIN No.: |
01871185 |
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Name : |
Mr. Parimit Parmar |
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Designation : |
Director |
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Address : |
C-301, Rohan Tapovan, Gokhale Nagar, Off. S. B. Road, Near Vikhe Patil School, Pune-411016, Maharashtra, India |
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Date of Birth/Age : |
16.10.1968 |
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Date of Appointment : |
22.08.2012 |
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DIN No.: |
05346236 |
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Name : |
Pheroz Naswanjee Pudumjee |
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Designation : |
Director |
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Address : |
Flat-NW8-8302(W-Sub Meter), Dubai Investment Park (SEE:772826), Premise No. 598043888 Dubai 391795 AE |
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Date of Appointment : |
23.06.2017 |
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DIN No.: |
00019602 |
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Name : |
Sheetal Rajan Navani |
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Designation : |
Director |
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Address : |
ASANJO 1/3, Samart Soc, Kalyani Nagar, Pune -411006, Maharashtra, India |
|
Date of Appointment : |
23.06.2017 |
|
DIN No.: |
06972603 |
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
|
Rajan Navani |
|
689800 |
|
Parimit parmar |
|
86250 |
|
Harshad talera |
|
2000 |
|
Nitin Gupta |
|
10000 |
|
Sanjay Jaybhay |
|
10000 |
|
Dattajirao Vandekar |
|
2000 |
|
Anubhav Tiwari |
|
1000 |
|
Sweta Khandelwal |
|
500 |
|
Radhika Khandelwal |
|
500 |
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Kshitiz Jain |
|
500 |
|
Niharika Patel |
|
7250 |
|
Sheetal Navani |
|
45250 |
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Ramesh Navani |
|
6100 |
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Rakesh Navani |
|
4350 |
|
Rains Holding |
|
94500 |
|
Pratithi Investment Trust, India |
|
320333 |
|
Meher Pheroz Pudmumjee J/W Pheroz Pudumjee |
|
11500 |
|
Total |
|
1291833 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters- Individual/Hindu Undivided Family- Indian |
60.07 |
|
Public/Other than promoters- Individual/Hindu Undivided Family- Indian |
7.82 |
|
Public/Other than promoters - Body corporate |
32.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of music, celebrity
video blogging, digital advertising, big data analytics, designer clothes and
the Digital Technology Innovation Factory (DTIF) to deliver a range of next
gen digital products, platforms and services built on best-in-class back-end
technology infrastructure. (Registered Activity) |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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 denied by the management |
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Bankers : |
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Auditors : |
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Name : |
Khandelwal Jain and Associates Chartered Accountants |
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Address : |
1st Floor, Alankar Cinema Building, Near Pune Station, Pune – 411001, Maharashtra,
India |
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Tel. No.: |
91-20-26140567 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AAOFK4306M |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Wholly owned
Subsidiary Companies : |
(CIN No.: U74900PN2015PTC157285)
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Joint Venture
(Jointly controlled entity) : |
Wakau Interactive Private Limited (CIN No.: U74900PN2014PTC152368) |
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Joint Venture
(Jointly controlled entity) : (w.e.f. august 11, 2016) |
Jethealthval Private Limited |
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Joint Venture
(Jointly controlled entity) : (w.e.f. May 31, 2016) |
Nodwin Gaming Private Limited |
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A private company
in which a director of reporting company is also a director. |
Jetline Corrugated boxes Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2017
Authorised Capital : INR 15.000 Million
Issued, Subscribed & Paid-up Capital : INR 13.450 Million
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
INR 10/- each |
INR 15.000 Million |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1291833 |
Equity Shares |
INR 10/- each |
INR 12.918 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
INR Million]
ABRIDGED
BALANCE SHEET (STANDALONE)
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
12.918 |
12.000 |
10.000 |
|
(b) Reserves &
Surplus |
566.815 |
292.765 |
-20.547 |
|
(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) |
579.733 |
304.765 |
-10.547 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
5.770 |
3.821 |
0.021 |
|
(d) long-term provisions |
3.274 |
2.052 |
0.000 |
|
Total Non-current
Liabilities (3) |
9.044 |
5.873 |
0.021 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
288.258 |
80.436 |
51.369 |
|
(b) Trade payables |
19.893 |
27.710 |
16.984 |
|
(c) Other current
liabilities |
18.670 |
36.286 |
17.379 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
326.821 |
144.432 |
85.732 |
|
|
|
|
|
|
TOTAL |
915.598 |
455.070 |
75.206 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
38.239 |
23.981 |
6.798 |
|
(ii) Intangible Assets |
123.884 |
15.929 |
8.798 |
|
(iii) Capital
work-in-progress |
0.000 |
12.911 |
0.000 |
|
(iv) Intangible assets
under development |
4.398 |
56.222 |
10.117 |
|
(b) Non-current
Investments |
176.168 |
83.140 |
2.250 |
|
(c) Deferred tax assets
(net) |
191.440 |
106.764 |
14.870 |
|
(d) Long-term Loan and Advances |
242.129 |
86.569 |
3.458 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
776.258 |
385.516 |
46.291 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
2.580 |
0.047 |
|
(c) Trade receivables |
63.805 |
32.751 |
3.216 |
|
(d) Cash and cash
equivalents |
31.594 |
12.288 |
0.099 |
|
(e) Short-term loans and
advances |
34.460 |
19.577 |
20.793 |
|
(f) Other current assets |
9.481 |
2.358 |
4.760 |
|
Total Current Assets |
139.340 |
69.554 |
28.915 |
|
|
|
|
|
|
TOTAL |
915.598 |
455.070 |
75.206 |
PROFIT
& LOSS ACCOUNT (STANDALONE)
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
114.304 |
65.718 |
9.214 |
|
|
Other Income |
13.412 |
13.963 |
0.011 |
|
|
TOTAL |
127.716 |
79.681 |
9.225 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
4.162 |
7.945 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.580 |
(2.533) |
0.005 |
|
|
Employees benefits
expense |
125.741 |
125.951 |
14.046 |
|
|
Other expenses |
172.589 |
159.873 |
20.694 |
|
|
Exceptional items |
2.879 |
0.066 |
|
|
|
TOTAL |
307.951 |
291.302 |
34.745 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(180.235) |
(211.621) |
(25.520) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
14.133 |
1.538 |
4.545 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(194.368) |
(213.159) |
(30.065) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
28.588 |
13.422 |
4.802 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(222.956) |
(226.581) |
(34.867) |
|
|
|
|
|
|
|
Less |
TAX |
(84.676) |
(91.893) |
(13.528) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(138.280) |
(134.688) |
(21.339) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Rendering of Services |
38.190 |
2.723 |
3.012 |
|
|
TOTAL EARNINGS |
38.190 |
2.723 |
3.012 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(109.39) |
(113.89) |
(31.57) |
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 |
(204.982) |
(237.397) |
(19.721) |
|
|
|
|
|
|
Net cash flows from (used in) operations |
(204.982) |
(237.397) |
(19.721) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
203.74 |
181.90 |
127.40 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
1.79 |
2.01 |
2.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
1744.58 |
1273.02 |
0.00 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.00 |
(82.02) |
(542.98) |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
(1.08) |
(1.94) |
(0.99) |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.36 |
0.32 |
1.14 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
0.50 |
0.26 |
(4.87) |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
0.56 |
0.47 |
(8.13) |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.29 |
0.36 |
(2.44) |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
(12.75) |
(137.59) |
(5.61) |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
(120.98) |
(204.95) |
(231.59) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
(15.10) |
(29.60) |
(28.37) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
(23.85) |
(44.19) |
202.32 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
0.43 |
0.48 |
0.34 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.43 |
0.46 |
0.34 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.63 |
0.67 |
(0.14) |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
22.31 |
6.70 |
5.14 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
0.43 |
0.48 |
0.34 |
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 |
10.000 |
12.000 |
12.918 |
|
Reserves & Surplus |
(20.547) |
292.765 |
566.815 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(10.547) |
304.765 |
579.733 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
51.369 |
80.436 |
288.258 |
|
Total
borrowings |
51.369 |
80.436 |
288.258 |
|
Debt/Equity
ratio |
(4.870) |
0.264 |
0.497 |
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
|
9.214 |
65.718 |
114.304 |
|
|
|
613.241 |
73.931 |
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
|
9.214 |
65.718 |
114.304 |
|
Profit |
(21.339) |
(134.688) |
(138.280) |
|
|
(231.59%) |
(204.95%) |
(120.98%) |
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
12.918 |
12.000 |
|
(b) Reserves &
Surplus |
|
449.714 |
270.056 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
462.632 |
282.056 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
5.770 |
3.821 |
|
(d) long-term provisions |
|
7.848 |
2.052 |
|
Total Non-current
Liabilities (3) |
|
13.618 |
5.873 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
289.940 |
80.436 |
|
(b) Trade payables |
|
37.303 |
41.989 |
|
(c) Other current
liabilities |
|
46.548 |
39.229 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
373.791 |
161.654 |
|
|
|
|
|
|
TOTAL |
|
850.041 |
449.583 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
41.719 |
27.654 |
|
(ii) Intangible Assets |
|
152.635 |
28.962 |
|
(iii) Capital
work-in-progress |
|
0.000 |
12.911 |
|
(iv) Intangible assets
under development |
|
35.142 |
79.488 |
|
(v)Goodwill on
consolidation |
|
14.268 |
9.307 |
|
(b) Non-current
Investments |
|
28.503 |
10.176 |
|
(c) Deferred tax assets
(net) |
|
236.909 |
118.691 |
|
(d) Long-term Loan and Advances |
|
70.618 |
29.916 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
579.794 |
317.105 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
2.580 |
|
(c) Trade receivables |
|
59.907 |
14.095 |
|
(d) Cash and cash
equivalents |
|
54.746 |
29.207 |
|
(e) Short-term loans and
advances |
|
139.613 |
82.978 |
|
(f) Other current assets |
|
15.981 |
3.618 |
|
Total Current Assets |
|
270.247 |
132.478 |
|
|
|
|
|
|
TOTAL |
|
850.041 |
449.583 |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Income |
|
157.958 |
50.702 |
|
|
Other Income |
|
4.265 |
12.828 |
|
|
TOTAL |
|
162.223 |
63.530 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
4.162 |
7.945 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
0.580 |
(2.533) |
|
|
Employees benefits
expense |
|
187.965 |
131.553 |
|
|
Other expenses |
|
263.343 |
179.711 |
|
|
Exceptional items |
|
6.237 |
0.000 |
|
|
TOTAL |
|
462.287 |
316.676 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
(300.064) |
(253.146) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
14.336 |
1.574 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
(314.400) |
(254.720) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
37.920 |
15.594 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
(352.320) |
(270.314) |
|
|
|
|
|
|
|
Less |
TAX |
|
(116.520) |
(103.821) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
(235.800) |
(166.493) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
(280.20) |
(140.78) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
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 |
INDEX
OF CHARGES: No Charges Exists for Company
CORPORATE INFORMATION
The company is a private company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the business of music, celebrity video blogging, digital advertising, big data analytics, designer clothes and the Digital Technology Innovation Factory (DTIF) to deliver a range of next gen digital products, platforms and services built on best-in-class back-end technology infrastructure.
REVENUE
During the year, the company recorded a total income of INR 114.304
Million as against INR 65.718 Million in the previous year, registering a
growth of 74%.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loans from
directors (Terms and
Conditions of Repayment : Loans are Unsecured and repayable on demand
carrying 9% rate of Interest) |
288.258 |
80.436 |
|
Total |
288.258 |
80.436 |
FIXED ASSETS
Tangible Assets
- Civil Construction
- Computer
- Furniture and Fixture
- Office Equipment
- Capital Work in Progress
Intangible Assets
- Intellectual Property Rights
- Scientific Research Expenditure-Product Under Development
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 65.45 |
|
|
1 |
INR 93.28 |
|
Euro |
1 |
INR 80.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KVT |
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.